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

[behappyalways]

A new report from the Washington-based think tank CSIS, unveils the closed anti-corruption black box within the Chinese military.

華府智庫CSIS最新報告 掀開共軍封閉的反腐黑箱 【短篇】#TVBS文茜的財經周報 20260301

https://m.youtube.com/watch?v=-tHa7-h4D ... 4KAYcqIYzv

[behappyalways]

China Guides Down: Beijing Drops Economic Growth Target To Lowest Level In 35 Years
https://www.zerohedge.com/political/chi ... l-35-years


State control extends across borders; exiled Tibetans are monitored; Uyghur songs are banned.
國家控制跨越疆界 流亡藏人遭監控.維吾爾語歌曲被禁｜方念華｜FOCUS全球新聞20260305 ‪@tvbsfocus‬
https://m.youtube.com/watch?v=SzYMKbXUEzQ

[behappyalways]

China's foreign trade got off to a good start, returning to double-digit growth; import and export growth hit a four-year high.

陸外貿「開門紅」重回兩位數增長 進出口增長四年新高｜方念華｜FOCUS全球新聞20260311 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=tUa4RgwrcE8

[behappyalways]

The Two Sessions have concluded. Boosting domestic demand! "Silver-haired influencers" drive consumption; the health and wellness market becomes a blue ocean for foreign investment.

兩會閉幕.促內需! 「銀髮網紅」帶消費.保健市場成外商藍海｜方念華｜FOCUS全球新聞20260312 ‪@tvbsfocus‬

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

[behappyalways]

Why is the gig economy sweeping China?
https://m.youtube.com/watch?v=GVUrreAon7A

[behappyalways]

China's 1.5 billion barrels of strategic oil reserves still allow it to observe the tigers fight from across the strait.

中國15億桶戰略石油儲備 仍有餘裕隔岸觀虎鬥【短篇】#TVBS文茜的世界周報-歐洲版 20260328

https://m.youtube.com/watch?v=jGHYRIG0B ... kKAYcqIYzv

[behappyalways]

China's GDP grew by 5% in the first quarter, but credit card issuance fell to a seven-year low.

陸首季GDP增5% 信用卡發卡量卻跌至七年最低｜方念華｜FOCUS全球新聞20260417 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=paIoYxl8NxQ

[behappyalways]

Are Western big brands losing their appeal? Foreign companies are struggling with low customer loyalty in the Chinese market.

西方大牌不香了? 中國市場低忠誠度外資陷苦

https://m.youtube.com/watch?v=wj5OshYx6gU

[behappyalways]

Private Sector Struggles In Major Chinese Industrial Base As Export Orders Shrink: Local Businessmen
https://www.zerohedge.com/economics/pri ... rink-local

[winston]

China’s US$3 trillion of hidden bad debt prolongs economic pain

Chinese banks are also accelerating write-offs and transfers of bad assets

Most economists say the ratio of bad loans is significantly higher than the 1.5 per cent official rate.

One analyst at Absolute Strategy Research in London pegs it at about 10 per cent, which would mean a staggering US$3 trillion in loans that should be classified as past due are not. Others say it could be double that amount.

In March, China lowered its 2026 growth target to between 4.5 per cent and 5 per cent, its least ambitious goal since 1991.

Despite seemingly strong capital buffers and stable non-performing loan (NPL) ratios, officials have moved to bolster the nation’s six biggest banks with more than US$100 billion in fresh capital.

About 10 per cent of listed non-financial firms have failed to cover interest payments from their earnings before interest and tax for three consecutive years, according to Absolute Strategy Research. As a result, the NPL ratio is probably closer to 10 per cent than 1.5 per cent.

These so-called zombie firms accounted for 16 per cent of assets at non-financial companies in China in 2024, up from just 5 per cent in 2018. While the real estate sector has the highest rate, the manufacturing and services sectors are rising, too, the report found.

To counter the weak loan books and shore up the banks’ balance sheets, the government is injecting money into the lenders. China will issue a total of 300 billion yuan worth of special sovereign bonds this year to recapitalise banks, adding to a 500 billion yuan lifeline last year.

Source: Bloomberg

https://www.businesstimes.com.sg/compan ... nomic-pain