In October, China’s retail sales grew by 4.8 percent, their sharpest monthly increase since February, figures reported by the National Bureau of Statistics showed.
370 search results for: SPOTLIGHT ON CHINA
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SPOTLIGHT ON CHINA’S ECONOMIC STRUGGLE: LOCAL GOVERNMENT DEBT MARKET SEES RECORD DEFAULT LEVEL
In 2023, local governments floundered in debt and Beijing swooped in with $309 billion in new bonds to pay back those debts. The central government also ordered state-owned banks to lend even more money to those failing municipalities.
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SPOTLIGHT ON CHINA: ONWARD AND DOWNWARD, CHINA’S ECONOMIC STRUGGLE
Zhongzhi Enterprise Group, one of China’s largest wealth managers, has announced it is bordering on insolvency, with between $58 billion and $64 billion in liabilities, in dollar terms. It has assets of less than $25 million, the company said.
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SPOTLIGHT ON CHINA: ECONOMIC STRUGGLE
As we have noted, China’s current economic decline is mostly self-inflicted.
The nation’s economy boomed at the greatest level in modern history when the U.S. allowed it to join the World Trade Organization some two decades ago. Their economy boomed as western companies gave the cheap labor communist nation all the high-tech intelligence and heavy industry manufacturing skills they never had... to make what they were selling.
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SPOTLIGHT ON CHINA
China’s manufacturing and services sector both slowed in May, offering more evidence that the growth spurt early this year after the government lifted anti-COVID restrictions has not lasted.
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SPOTLIGHT ON CHINA
In November, retail sales in China fell 5.9 percent year over year as anti-COVID lockdowns persisted, industrial production shrank when orders from foreign buyers dwindled, and business investment slowed.
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SPOTLIGHT ON CHINA’S TROUBLES
CHINA’S ECONOMIC OUTLOOK DIMS China’s manufacturing and service economies both showed marked slowdowns in April. The country’s official purchasing managers index (PMI) in manufacturing slipped from 49.5 in March to 47.4 in April, its lowest mark since February 2020, due in significant part to widespread, severe lockdowns to halt the spread of the COVID virus...
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SPOTLIGHT: CHINA’S ECONOMIC PLAN
Beijing will issue three trillion yuan—about $411 billion—in treasury bonds this year, with the proceeds directed to spark consumer spending, speed technological innovation, and recapitalize government-owned banks, Reuters reported.
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SPOTLIGHT: CHINA’S SHIFTING ECONOMIC POLICIES
At China’s Central Economic Work Conference last week, officials indicated Beijing will cut interest rates, raise its budget deficit, and lower banks’ reserve requirements next year to make more room for economic stimulus.
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SPOTLIGHT: CHINA’S ECONOMIC MISERY
China has completed arrangements to open a $1.4-trillion fund for local governments engulfed by debt.
The funds to help local governments clear “hidden” or off-book debt will be available until 2029, officials announced at an 8 November press briefing.
