China - Economic Data & News 23 (Nov 25 - Dec 27)

[behappyalways]

Chinese local governments are swallowing up private enterprises!
Forcibly taking over hundreds of millions of RMB – their actions are appalling!

中國地方政府吞民企! 強行接管數億人民幣 吃相難看! 中國地方政府強吞民營企業│記者 劉玨妤│國際焦點20251031│三立新聞台

https://m.youtube.com/watch?v=P4JlUOsga ... MKAYcqIYzv

[behappyalways]

Boosting Sales!
Sluggish Chinese Consumption Leads to 5-Week Extension for Singles' Day Shopping Festival – Longest Ever!
Packages Arrive Before You Regret It!
E-commerce Platforms Offer 30-Minute Delivery for Orders Placed;
State Media Includes Product Placement to Encourage Purchases.

催買氣! 中國消費低迷 雙11購物節延長到5週"歷來最久" 包裹搶在後悔前抵達! 雙11拚30分鐘內配送 電商祭下單後30分鐘出貨 官媒置入催買氣｜記者 楊駿宗｜國際焦點20251103｜三立新聞台

https://m.youtube.com/watch?v=XrIOdyVcsow

[behappyalways]

Domestic sales were weak during China's "Double 11" shopping festival, prompting e-commerce companies to shift their focus to overseas markets such as the UK, Japan, and South Korea.
陸「雙11」境內買氣低 電商轉攻英日韓海外市場｜方念華｜FOCUS全球新聞20251112 ‪@tvbsfocus‬
https://m.youtube.com/watch?v=Hm5l8Qzfa-E


China’s Singles’ Day stumbles as frugal shoppers shrink the world’s biggest sale
https://www.cnbc.com/2025/11/13/chinas- ... -sale.html

[behappyalways]

Escobar: China's Relentless Innovation Drive Is Reaching Fever Pitch
https://www.zerohedge.com/geopolitical/ ... ever-pitch

[winston]

Mainland CN Total Electricity Consumption in Oct, Reaches 857.2B kWh, Up 10.4% YoY

In October, total electricity consumption in society in Mainland China reached 857.2 billion kilowatt-hours, marking a YoY increase of 10.4%, according to the National Energy Administration.

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[behappyalways]

"Guo Wei, chief scientist of #China’s top naval institute, has been suspended after allegations that his impressive academic credentials are fake. Reports suggest his highest level of academic achievement is a high school certificate"
https://x.com/ChinaBeigeBook/status/1993291883746148712

[winston]

20+ CN Cities Appear to Have Halted or Adjusted Car Trade-in Subsidies

With the fourth batch of RMB 69 billion national subsidy funds depleting, more and more regions in China are either suspending or adjusting car trade-in subsidy campaigns, according to a report by yicai.com.

As of now, incomplete statistics show that over 20 Chinese cities have already halted or tweaked applications for car trade-in subsidies.

For example, Hubei Province adjusted the issuance method of car trade-in qualification vouchers in mid-November.

The vouchers are now distributed in four batches per day, with the final batch being issued on Friday (5th). Each batch ends once the vouchers are fully claimed.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

China’s rich step up offshore bets as gold and insurance gain favour

China’s wealthy are shifting more of their portfolios offshore, as they seek to hedge slowing growth, policy risks and low yields at home

As economic headwinds persist, China’s wealthy are becoming more cautious, using gold and insurance to preserve capital.

by Themis Qi and Peggy Ye

More than half of China’s high-net-worth individuals (HNWIs) plan to increase the share of offshore investments in their portfolios over the next year as they seek diversification amid macroeconomic uncertainty,

Source: SCMP

https://www.scmp.com/business/china-bus ... pe=section

[winston]

China’s risky shadow banks back in spotlight after Beijing’s debt crackdown

Entities owned by local governments are borrowing billions from trust companies and leasing firms at rates of 8 per cent or higher, sources say

China’s crackdown on borrowing by local governments is forcing state-run entities in even some of the wealthiest provinces, to tap costly credit from non-bank lenders, a stopgap that is increasing risk in an opaque corner of the financial system.

The borrowing marks a return of China’s shadow-banking market, which is more loosely regulated than traditional lenders and had been reined in over the past few years in a bid to reduce risk.

Since September, industrial investment arms and financing platforms owned by local governments in provinces including Shandong, had borrowed billions of dollars in total from trust companies and leasing firms, according to people familiar with the matter.

The rates charged were 8 per cent or higher – more than triple the cost of borrowing in the bond market, the people said, asking not to be identified discussing private information.

Financial institutions that make up China’s shadow banking system are willing to extend the funding partly because they’re short of assets in a low-rate environment.

Source: SCMP

https://www.scmp.com/business/banking-f ... pe=section

[behappyalways]

"Things Are About To Snap": China's Trade Surplus Tops $1 Trillion For The First Time, Sparking Global Howls Of Outrage
https://www.zerohedge.com/economics/thi ... ing-global