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

[winston]

China's economy to grow around 5pc this year: PBOC chief

China’s economy is likely to grow around 5 percent this year, People’s Bank of China Governor Yi Gang said in remarks published on Friday, in line with the government’s annual target.

China is willing to implement a debt disposal framework with other countries, Yi told a meeting of G20 finance ministers and central bank governors during the World Bank and International Monetary Fund spring meetings in Washington, according to a central bank statement.

China’s economy is stabilizing and recovering, while inflation remains at a low level, Yi said.

Source: Reuters

https://www.thestandard.com.hk/breaking ... ief-%C2%A0



More>>

[behappyalways]

訪中國大陸大不同! 巴西總統力挺人民幣 德國外交部長警惕不健康依賴｜蔣志偉｜FOCUS全球新聞 20230414 @tvbsplus
https://m.youtube.com/watch?v=ByAvUmIiHxc


2023年全球經濟東升西降？各國領袖、跨國科技巨頭頻訪中 陳鳳馨揭中國二十大後風向球！【Yahoo TV】
https://m.youtube.com/watch?v=mBWI7dxg8KA

[winston]

How Can China Contain Its $8.3 Trillion Fiscal Crisis?

Beijing faces a fine-balancing act as local-government borrowings reach critical levels.

By Shuli Ren

Source: Bloomberg

https://www.bloomberg.com/opinion/artic ... ify%20wall

[behappyalways]

陸Q1 GDP達4.5% 失業率地方債均高 仍無解｜方念華｜FOCUS全球新聞 20230418@tvbsfocus
https://m.youtube.com/watch?v=toncDhp-ndE

[winston]

China's planners to fight weak demand

Plans to boost the recovery and expansion of consumption.

China's economy grew at a faster-than-expected pace of 4.5 percent in the first quarter, as businesses and consumers came out of pandemic disruptions, although headwinds from a global slowdown point to a bumpy ride ahead.

stabilizing of automobile use, which was a big part of supporting consumption, by promoting new-energy vehicles in rural areas.

The commission will also further reduce foreign investment restrictions by shortening the negative list for foreign investment.

Source: Reuters

https://www.thestandard.com.hk/section- ... eak-demand

[winston]

China central bank hints it will dial back pandemic stimulus

The targeted policies include relending programs, where the PBOC provides cheap funding to banks so they can boost loans to small businesses and green technology projects.

The PBOC’s data show growth in the structural tools slowed to 5% in the first quarter from 16% in the previous three months. The outstanding amount rose slightly to around 6.8 trillion yuan (RM4.3 trillion) by the end of March from 6.45 trillion yuan at the end of 2022.

Many of the tools were created in order to alleviate the pandemic’s damage on sectors such as logistics, manufacturing, private businesses’ bond issuance and the delivery of housing projects. Eleven of the 15 programs have been created since late 2021.

Most of the central bank loans under these programs have interest rates at around 1.75%, lower than the one-year policy rate, which is currently at 2.75%. The central government also subsidises interest payments for some of the loan programs.

Source: Bloomberg

https://www.theedgemarkets.com/node/664331

[behappyalways]

Beijing's Antarctic Land Grab: CCP Builds 5th Base Near South Pole
https://www.zerohedge.com/geopolitical/ ... south-pole

[behappyalways]

Listing twists and turns! Wanda's Hong Kong stock IPO date postponed for another half a year. The richest man becomes the "first loser."

上市一波三折! 萬達港股IPO日期再延半年 首富變"首負" 地產商王健林還債千億低調復出 遭深滬交易所批評 恆大集團2022年財報遲交│記者 許庭瑋│【國際大現場】20230424│三立新聞台

https://m.youtube.com/watch?v=w2I60IhTRfk

[behappyalways]

Rejection of the sovereignty of Eastern European countries, Ambassador Lu's remarks heighten "doubtful" worries
不認東歐國家主權 陸大使言論令「疑中」憂慮增溫｜黃星樺｜FOCUS全球新聞 20230425@tvbsfocus
https://m.youtube.com/watch?v=HEFPTjvVpIc

China sets up secret police stations overseas, the world is shocked and dissatisfied
中國海外廣設秘密警察站 全球震驚不滿 TVBS文茜的世界周報 20230423
https://m.youtube.com/watch?v=sOz1Bnj-jDw

China sets up secret police stations overseas, the world is shocked and dissatisfied 0423
https://m.youtube.com/watch?v=4VXrQ7mP7G0

[behappyalways]

The price has increased by as much as 10 times! China ushered in the May Day holiday. It is hard to find a room in hotels everywhere, and even the "sleeping hall sofa" is sold out. The price soars and the "unlimited price range" triggers public complaints

價格漲幅高達10倍! 中國迎來五一連假.各地飯店一房難求 連"睡大廳沙發"也完售 房價飆升"無限價區間"引爆民怨│記者 林羿含│【國際大現場】20230427│三立新聞台

https://m.youtube.com/watch?v=mU-5ttUJ5WM