Chinese Economics Thread

now I read
07:41, 07-Apr-2019
Foreign investors continue to buy Chinese bonds in March
Please, Log in or Register to view URLs content!

Overseas institutions continued to buy Chinese bonds in March, data from the country's only authorized general China government bond depository showed.

The overseas institutions' deposit of Chinese bonds in the China Central Depository & Clearing Co. Ltd. totaled 1.51525 trillion yuan (225.5 billion U.S. dollars) by the end of March, up 2.785 billion yuan month on month.

This marked the fourth consecutive month of net purchase of Chinese bonds by foreign investors.

Official data showed that Chinese bonds held by international investors surged 46 percent year-on-year by the end of 2018.

China's yuan-denominated bonds started to be added to the Bloomberg Barclays Global Aggregate Index on Monday. A total of 356 government and policy bank bonds will be added into the index over the next 20 months.
 
now noticed the tweet
Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!
Please, Log in or Register to view URLs content!





China's foreign exchange reserves rose to $3.0988 trillion by the end of March, official data showed Sunday, increasing by $8.6 billion from the end of February.

D3mPR-cU4AAE1hf.jpg
 
now I read
Economic Watch: China's consumption growth potential to beat expectations
Xinhua| 2019-04-08 15:40:36
Please, Log in or Register to view URLs content!

Market observers are seeing more upside than expected in China's economy with more signs of stabilizing in the first quarter and the consumption driver revving up.

While official data including trade and inflation of March are yet to be released for this week, market sentiment has already been buoyed by positive indicators that are playing down concerns over uncertainties in the world's second-largest economy.

Snapshots of the January-February period pointed to a pick-up in investment, stable consumer spending and optimized industrial structure, and more obvious recovery has been identified in March with steady factory and service sector activities.

Consumption, a locomotive of China's economic growth, is picked by many analysts as one of the bright spots of recovering fundamentals.

Swiss global financial services company UBS said China's consumption may stay more resilient than forecast as tax cuts, credit easing and confidence improving help to offset the not-so-strong headwinds of labor market weakness and property slowdown.

"Personal income tax (PIT) cuts and value-added tax (VAT) cuts should be positive for consumption," UBS economist Wang Tao said. "PIT cuts are expected to be over 300 billion yuan (about 44.6 billion U.S. dollars) in 2019."

"Some of the VAT cuts should be passed through to consumers as final goods prices are lowered, and this can help encourage more demand," he said. "Moreover, import tariffs and VAT have been lowered, including that for cross-border-e-commerce businesses, to reduce the price for domestic consumers."

The UBS said the improvement in domestic demand may have underpinned China's import growth, predicting an improvement in import growth for March despite a high base last year.

Investment banking firm CICC also believes there are reasons to become incrementally more optimistic on overall consumption growth in China, especially compared with last year.

A marked downturn in retail sales may have spooked some market watchers given the heft of consumption in driving China's economy, but worries for a continuous slowdown could be overblown.

"Leading indicators point to a potential stabilization of nominal growth in China, which is supportive to overall discretionary consumption growth," the CICC said.

Household disposable income growth may accelerate, and the labor market has shown early signs of stabilization, with the operating environment of the small- and medium-sized enterprises improving, it said.

On Sunday, the country unveiled a new guideline to facilitate the sound development of SMEs with more efforts to address problems such as rising costs and financing difficulties.

"The upcoming sizable reductions of VAT and payroll tax rates are expected to promote the growth of employment and consumer purchasing power even further," the CICC said.

While weaker auto sales contributed to about three-quarters of the slowdown in headline retail sales growth last year, the sector is expected to bottom soon. UBS analyst thinks auto sales growth will likely bottom in Q1 and turn positive sometime in Q3.

Also, mass consumption upgrade will likely continue with the expected improvement of income distribution this year, the UBS said. "Staples consumption may also pick up, on the back of stabilized labor market and potential upside in the consumer price index."
 
now I read
21:20, 09-Apr-2019
IMF revises up China growth forecast for 2019 to 6.3 percent
Please, Log in or Register to view URLs content!

The International Monetary Fund (IMF) on Tuesday revised up China's growth forecast for 2019 from 6.2 to 6.3 percent, according to a newly-released World Economic Outlook report.

The organization also lowered its global forecast for 2019 to 3.3, down 0.2 percentage point from its previous estimation in January due to potential uncertainties in world economy and world trade tensions.
 

Hendrik_2000

Lieutenant General
China remains world’s largest producer, consumer, exporter of consumer electronics
VIA TAISHANG
(
Please, Log in or Register to view URLs content!
) 13:28, April 09, 2019

FOREIGN201904091329000359268252110.jpg


(Photo/Chinanews.com)

China is the world’s largest producer, consumer and exporter of consumer electronics, said an official from the country’s Ministry of Industry and Information Technology (MIIT) on April 8.

China also remains the world’s largest manufacturer of mobile phones, computers and televisions, respectively producing over 90 percent, 90 percent and 70 percent of these devices in 2018.

At a seminar held in Shenzhen on Monday, Qu Xiaojie, director of the Division of Consumer Electronics, MIIT, introduced that China has the largest category of consumer electronics in the world, and is also leading in associated industries, technological application and services.

Statistics indicate that China produced 1.8 billion mobile phones, 300 million computers and 200 million televisions last year.

Additionally, shipments of smartphones, personal computers and televisions made in China accounted for 27.8 percent, 20 percent and 20 percent of the global total, respectively.

The country’s export value of major electronics including mobile phones, computers, televisions and sound equipment stood at $294.7 billion, or nearly 12 percent of China’s total export.

Please, Log in or Register to view URLs content!
 

Anlsvrthng

Captain
Registered Member
China Car Slump Persists With Sales Plunging for 10th Month

Please, Log in or Register to view URLs content!

For decades, there was just one way for China’s car market: up. Once the trend abruptly reversed 10 months ago, the free fall in the world’s largest market has shown no signs of easing.



Retail sales of sedans, sport utility vehicles, minivans and multipurpose vehicles continued their plunge in March, dropping 12 percent to 1.78 million units, the China Passenger Car Association said Tuesday. That follows an 18.5 percent drop in February and 4 percent decline in January.
...
PCA raised its forecast for 2019 sales of new-energy vehicles -- battery, plug-in hybrid, and fuel-cell cars -- to 1.7 million from 1.6 million.
 

manqiangrexue

Brigadier
China Car Slump Persists With Sales Plunging for 10th Month

Please, Log in or Register to view URLs content!
You forgot to quote the most important part of the article:

"... changes in tax policies and import tariffs started to dampen car demand last year. Cars was the only consumer-product category in China that shrank in the first two months of 2019, said Cui Dongshu, secretary general of the auto group."
 
now I read
Economic Watch: China's inflation rebounds in March, easing deflation fears
Xinhua| 2019-04-11 22:49:08
Please, Log in or Register to view URLs content!

With the consumer prices rebounding solidly in March and producer prices notching its first acceleration in nine months, market fear over deflation risks of the Chinese economy has been largely abated.

As there is no worry about high inflation risk, analysts said China's monetary policy will remain unchanged, and there is still much room for the country's central bank to manoeuver its monetary tools.

CONSUMER PRICES

The latest data from the National Bureau of Statistics (NBS) showed China's consumer price index (CPI), a main gauge of inflation, rose 2.3 percent year on year in March, compared with 1.5-percent growth in February.

Food prices climbed 4.1 percent year on year, up from 0.7 percent in February.

Due to low vegetable yields in spring and cold rainy weather, prices of fresh vegetables posted a fast growth of 16.2 percent year on year in March, contributing 0.42 percentage points, the highest portion, to the year-on-year CPI growth, the NBS data showed.

Asian financial service group Nomura paid particular attention to the pork prices in its analysis.

"Pork prices are set to become a major source of CPI inflation this year as the stock of hog stocks and breeding sows have fallen to historically low levels," said the Nomura.

The growth of the pork price rebounded after declining for 25 consecutive months, rising 5.1 percent year on year in March, the NBS data showed.

On a month-on-month basis, pork prices moderately went up 1.2 percent on average nationwide, as outbreaks of African swine fever were gradually contained, according to the NBS.

However, the rebound of the CPI will not much affect the easing bias of the central bank as the figure remains below the government's 2019 target of 3 percent and the acceleration of CPI inflation comes mainly from the pork prices rather than a general rise in all fields, Nomura said.

In a breakdown, non-food prices gained 1.8 percent, 0.1 percentage points higher than that in February.

Gasoline and diesel prices went up 3.6 percent and 4 percent respectively, while prices of agency services, plane tickets and hotel accommodation were dragged down by declining travel demand in comparison with February when there was a Spring Festival travel rush.

With food and energy prices deducted, core CPI growth remained unchanged from February at 1.8 percent, Nomura noted.

PRODUCER PRICES

Thursday's data also showed China's producer price index (PPI), which measures costs of goods at the factory gate, rose 0.4 percent year on year in March, picking up from the 0.1-percent flat growth in February.

This marked the first acceleration in PPI growth since June 2018, with the market fear over deflation risks largely abated, according to an analysis of the Bank of Communications.

On a month-on-month basis, the index rose 0.1 percent in March but contracted 0.1 percent in February.

Nomura said that global oil price increases were likely a big driver of the rise in China's PPI inflation.

Analysts with the CITIC Securities Co. Ltd. expected the PPI to continue expanding in April on the low-base effect.

Considering the high producer price base last year and China's reducing VAT rates, however, the PPI may contract in May and June of 2019, they said.
 

Hendrik_2000

Lieutenant General
Via Taishang.China does not missed a beat in export with or without US tariff. The increase of export to Europe Japan and SEA is more than make up for the decrease in export to US And export to BRI countries is rising
China's foreign trade up 3.7 pct in Q1
  1. Updated 20:20, 12-Apr-2019
    CGTN

    Please, Log in or Register to view URLs content!

    75ac302dd0474b52aeab9ed22825b6ff.jpg


    China's foreign trade registered stable growth in the first quarter thanks to the robust performance in March, customs data showed Friday.


    The foreign trade of goods climbed 3.7 percent year-on-year in the first quarter to 7.01 trillion yuan (1.04 trillion U.S. dollars).

    Exports increased by 6.7 percent year-on-year to 3.77 trillion yuan in the first three months, while imports went up by 0.3 percent to 3.24 trillion yuan, the General Administration of Customs (GAC) said.

    The stable growth was partly driven by the rapid increase in trade volume in March, which jumped by 9.6 percent year-on-year to 2.46 trillion yuan, said Li Kuiwen, spokesperson for the GAC. Exports surged by 21.3 percent in yuan terms last month, while imports dipped by 1.8 percent, GAC data showed.

    Meanwhile, trade volume between China and the U.S. totaled 816 billion yuan in the first quarter, down 11 percent year-on-year. But trade volume in March alone edged up 0.1 percent.

    In Q1, China's trade with the European Union, ASEAN countries and Japan increased 11.5 percent, 8.1 percent and 3.2 percent respectively, while trade with countries along the Belt and Road registered faster-than-average growth, with the combined trade volume standing at two trillion yuan, up 7.8 percent year-on-year.


    "The potential for trade cooperation between China and other Belt and Road countries has been unleashing, which is becoming a new driver for China's trade growth," Li said.



    ***

 

B.I.B.

Captain
People are people absent of politic they just want to live simple life. Have roof over the head and enough food on the table and consuming consumer good
Case in Point Tajik a Indo European people but fiercely loyal Chinese citizen . Some of them work as border guard guarding the corner of China with Central Asia from JIhadist infiltrator Good relation with the Han . Now they are benefiting from from good road, good internet and electricity Modern electronic market place, And EMS express mail service

MS delivery in Chinese Pamir, Climbing over Mount Muztagata to reach the remotest villages

Taobao, Alibaba, JD.. online shopping is the main way of shopping in China, it requires fast delivery service to every small corner of this vast country, In Chinese pamir region, everyday some young hard working delivery boys brave the harsh weather, low oxygen and altitude sickness, drive over Mount Muztagata, one of the tallest peaks in the world, to get customers goods delivered to the most isolated and remotest villages in China.

Sometimes their vans break down and local villagers drive their own cars to help those delivery boys.


They meed chains at the very least but a 4wd would be the best option.
 
Top