China - Economic Data & News 20 (Nov 22 - Aug 23)

[behappyalways]

習近平出手整頓金融? 中國"併購之王"董座被消失 中銀董座辭任後.又被免職黨委書記 投資圈紛紛敲響警鐘│記者 林芷綺│【國際大現場】20230320│三立新聞台
https://m.youtube.com/watch?v=2kgoGSzvEEE



China's Auto Industry Association Urges "Cooling" Of Price War, As Major Manufacturers Slash Prices
https://www.zerohedge.com/markets/china ... ash-prices


總共有24層樓高! 中國造船實力近年大增 國產郵輪亮相 民眾休憩用郵輪可搭載6000人 猶如海上移動城市 預計今年底前交付│【國際局勢】20230320│三立新聞台
https://m.youtube.com/watch?v=c7UL5SvAhyg

[winston]

Global Times: China’s debt ratio within international safety line

If the US market shrink slightly, the liquidity crunch will be felt all over the world.

Source: theedgemarkets.com

https://www.theedgemarkets.com/node/660757

[behappyalways]

中國外送員從最忙變最閒? 中國經濟成長惡化 失業人口增+民眾節衣縮食釀服務性行業消費疲弱 外送員13小時僅賺444元 中通膨性衰退仍持續?｜記者 葉俐緯｜【國際大現場】20230322｜三立新聞台
https://m.youtube.com/watch?v=LEPdU9mjzJc

[winston]

China Central Government Is Borrowing at Fastest Pace on Record

The amount of sovereign bonds sold this quarter, excluding those maturing, reached 277 billion yuan ($40 billion), the highest level for the same period since 1997.

The gross issuance of the notes in the first three months soared 35% from a year earlier to 2.1 trillion yuan.

Provinces have been front-loading the sales so that infrastructure projects could start early, thereby helping to spur growth and job creation.

Source: Bloomberg News

https://finance.yahoo.com/news/china-ce ... 00860.html

[behappyalways]

李強國際舞台初登場 高喊要和平.反集團對抗｜方念華｜FOCUS全球新聞 20230331@tvbsfocus
https://m.youtube.com/watch?v=Tnncx60H8-0

[behappyalways]

China's non-manufacturing PMI sub-components:
- Construction: 60.2 (Feb) to 65.6 (Mar): +5.4 (m/m)
- Services: 55.6 (Feb) to 56.9 (Mar): +1.3 (m/m)
Construction and govt spending is supercharging this PMI, not surging household/consumer spending.
https://mobile.twitter.com/shehzadhqazi ... 4399489027

Growing number of young people in China flock to religious temples to escape life’s pressures
https://m.youtube.com/watch?v=oFceW24U2cQ

[behappyalways]

直播主造假 網銷假藥禁藥濫 陸嚴管代言｜黃星樺｜FOCUS全球新聞 20230404@tvbsfocus
https://m.youtube.com/watch?v=-nHzHbvu3D4

[winston]

China banks lend record 10tn yuan in Q1

Banks extended 3.89 trillion yuan in new yuan loans last month, more than double February's tally and surpassing analysts' expectations.

And new loans for the first quarter totalled 10.6 trillion yuan up 27 percent from the first quarter of 2022, the previous record.

Household loans, mostly mortgages, jumped to 1.24 trillion yuan in March from 208.1 billion yuan in February, while corporate loans rose to 2.7 trillion yuan last month from 1.61 trillion yuan in February.

Several small and mid-sized banks in China have lowered their deposit rates, a move that could help ease costs as loan growth faces more pressure amid rising economic risks.

Broad M2 money supply grew 12.7 percent in March from a year earlier, data showed, in line with estimates of 12.7 percent in the Reuters poll.

Soure: AP

https://www.thestandard.com.hk/section- ... yuan-in-Q1

[behappyalways]

Liftoff Imminent: China Injects Record Credit To Kickstart Economy
https://www.zerohedge.com/markets/lifto ... rt-economy

[winston]

China exports surge 15pc as Covid backlog cleared

China's exports unexpectedly surged by about 15 percent last month, with officials flagging rising demand for electric vehicles, but analysts cautioned the improvement partly reflects suppliers catching up with unfulfilled orders after last year's Covid disruptions.

The strong export growth is unlikely to sustain given the weak global macro outlook.

Imports dropped just 1.4 percent in March, smaller than the 5.0 percent decline forecast and a 10.2 percent contraction in the previous two months.

Increases in crude oil, iron ore and soybeans imports in the month were offset by a decline in copper imports.

Chinese exports to Russia jumped 47 percent in the first quarter from a year ago.

Source: AP

https://www.thestandard.com.hk/section- ... og-cleared