China - Economic Data & News 21 (Aug 23 - Jul 24)

[behappyalways]

The box office results of mainland summer movies are outstanding, breaking through 17.1 billion RMB
大陸暑期電影票房成績亮眼 突破171億RMB｜方念華｜FOCUS全球新聞 20230817@tvbsfocus
https://m.youtube.com/watch?v=SB7gKtjJbxs


China's saturated ride-sharing car market squeezes drivers' livelihood
https://m.youtube.com/watch?v=EObMBmFzSik

[behappyalways]

Chinese Police Pay "Cordial Visits" To Homes Of Angry Zhongrong Investors "Urging" Them Not To Protest
https://www.zerohedge.com/markets/chine ... ot-protest


The Hits Just Keep On Coming: China Suffers Biggest FX Outflow Since July 2022
https://www.zerohedge.com/economics/hit ... -july-2022

[behappyalways]

Beijing bans "scooters for the elderly" and illegal electric three- and four-wheelers will disappear from next year
北京禁「老人代步車」 明年起違規電動三、四輪車絕跡｜方念華｜FOCUS全球新聞 20230818@tvbsfocus
https://m.youtube.com/watch?v=boxxqLGlStU


Chinese exports are on the decline practically everywhere, but Russia
https://twitter.com/Mayhem4Markets/stat ... 9684737253

[behappyalways]

Scholars Question Over-development of China's Flood Storage and Detention Areas, Flood Discharge Exacerbates Disasters

學者質疑中國蓄滯洪區過度開發 洩洪加劇災情 TVBS文茜的世界周報-亞洲版 20230819 X SHARP

https://m.youtube.com/watch?v=--ONczpNTSQ

[behappyalways]

Real estate defaults and collapses. China's economy is heading for a bursting storm?

房地產違約倒閉 中國經濟走向炸裂風暴? TVBS文茜的世界財經周報 20230820 X SHARP

https://m.youtube.com/watch?v=0Gdy8-CsP2Q

[winston]

China braces for US$38 billion in losses in troubled trust sector

China’s US$2.9 trillion trust industry is emerging as yet another threat to the world’s second largest economy.

Source: Bloomberg

https://theedgemalaysia.com/node/679934

[winston]

China’s LGFV Insiders Say $9 Trillion Debt Problem Is Worsening

Several companies haven’t been able to generate enough income to pay interest on loans. Banks are unwilling to lend, investors are shunning their bonds, bonuses are being cut and it’s becoming harder to find viable investment projects,

Any default on LGFVs $2 trillion of bonds — which account for nearly half the country’s onshore corporate debt market — would destabilize China’s $60 trillion financial system, producing global shockwaves.

It’s allowing Chinese provinces to raise about 1 trillion yuan ($137 billion) from bond sales, which can be used to pay-off LGFV debt.

Source: Bloomberg

https://finance.yahoo.com/news/china-lg ... 00277.html

[behappyalways]

BRICS Forum "Where is Xi Jinping?"
Hua Chunying's tweets are getting darker and darker...
"Blinking frequently. Dazzling" jet lag? suspected medical condition

金磚論壇"習近平人在哪"？華春瑩推文越描越黑..."頻眨眼.恍神"時差害的？遭疑身體出狀況｜非凡財經新聞｜20230823

https://m.youtube.com/watch?v=Ho7cUxnx94k

[behappyalways]

Mainland China Emphasizes Business Opportunities of Qixi Festival,
Beijing Gold Jewelry Stores Surge Buyers

大陸強調七夕節日商機 北京金飾店湧現購買人潮｜方念華｜FOCUS全球新聞 202308022@tvbsfocus

https://m.youtube.com/watch?v=R6pisa6SVrY

[behappyalways]

"Too old to go!" Employee CP value "better than experience?
China lifts "35-year-old curse" for delivery.
Live broadcast becomes a new choice, 35-year-old man becomes an abandoned son
"太老可以走了!" 員工CP值"更勝經驗？中國掀"35歲魔咒" 送外送.直播成新選擇 35歲壯年成棄子｜記者 姚懷真｜【國際大現場】20230827｜三立新聞台
https://m.youtube.com/watch?v=6o1imUN6v_s


The failure of urbanization has planted the root of China's real estate crisis and economic difficulties
城鎮化失敗 埋下中國房地產危機與經濟困境禍根 TVBS文茜的世界財經周報 20230827
https://m.youtube.com/watch?v=7wMF24VfMHg