Chinese Economics Thread

Hendrik_2000

Hendrik_2000

Lieutenant General
The most reliable gauge as to the attractiveness of a country is FDI Using this yardstick China head above other country. All those BS about China lack friend is just that. What count is FDI put the money where your mouth is

Update: China's FDI inflow up 25.1 pct in September
Source: Xinhua| 2020-10-16 20:58:27|Editor: huaxia
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A crane loads containers at the Manzhouli Railway Station in Manzhouli, north China's Inner Mongolia Autonomous Region, July 1, 2020. (Xinhua/Yu Jia)
BEIJING, Oct. 16 (Xinhua) -- Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 25.1 percent year on year to 99.03 billion yuan (about 14.25 billion U.S. dollars) in September, the Ministry of Commerce said Friday.

This marked the sixth consecutive month for the country to witness positive growth in FDI.
In the first nine months, FDI inflow went up 5.2 percent year on year to 718.81 billion yuan, the first increase in both yuan and dollar terms since the beginning of this year, the ministry said.

Foreign investment in the service industry came in at 559.68 billion yuan, up 15 percent year on year during the January-September period, while that in the high-tech service sector increased 26.4 percent.
Investment from the Netherlands surged 150 percent, while that from Britain rose 32.8 percent, the data showed.
Building on the effective containment of the COVID-19 epidemic, China has rigorously rolled out a string of measures to stabilize foreign trade and investment. ■
 
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Deleted member 15887

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Surge of Good News!
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BEIJING (Reuters) - China’s economic recovery likely stepped up in the third quarter as consumers returned to shopping malls and major trading partners reopened for business, shaking off the record slump seen earlier this year.

The world’s second-largest economy is expected to have grown 5.2% in July-September from a year earlier, faster than the second quarter’s 3.2%, according to a Reuters poll.

Policymakers globally are pinning their hopes on a robust recovery in China to help restart demand as economies struggle with heavy lockdowns and a second wave of coronavirus infections.

“China has become the first major economy to return to its pre-virus growth path, thanks to its rapid containment of COVID-19 and effective stimulus response,” said analysts from Capital Economics. However, they warned a renewed slowdown is likely from late 2021 as stimulus fades.

China’s retail spending has lagged the comeback in factory activity as heavy job losses and persistent worries about infection kept consumers at home, even as restrictions lifted.

However, that is expected to have changed in the third quarter.

In September, auto sales marked a sixth straight month of gains with a solid 12.8% growth. Ford Motor Co's
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China vehicle sales jumped 25% in the September quarter from a year earlier.

Domestic passenger flights in September, meanwhile, beat their COVID-19 levels, indicating that sector was approaching a full recovery.

The COVID-19 pandemic, which caused China’s first contraction since at least 1992 in the first quarter, is now largely under control, although there has been a small resurgence of cases in the eastern province of Shandong.

Year-on-year forecasts by 51 analysts polled by Reuters ranged from 2.5% to 7.2%.

On a quarterly basis, GDP is expected to have grown 3.2% in July-September compared with a rise of 11.5% in the previous quarter.

The government has rolled out a raft of measures, including more fiscal spending, tax relief and cuts in lending rates and banks’ reserve requirements to revive the virus-hit economy and support employment.

China releases third-quarter GDP data on Monday (0200 GMT), along with September factory output, retail sales and fixed-asset investment.

Analysts polled by Reuters expect industrial output to grow 5.8% in September from a year earlier, quickening from a 5.6% rise in August, while retail sales were seen rising 1.8%, versus a 0.5% rise in August.

POLICY SUPPORT
While the central bank stepped up policy support earlier this year after widespread travel restrictions choked economic activity, it has more recently held off on further easing.

“Because of the ongoing growth recovery but still strong headwinds, we expect Beijing to maintain its ‘wait-and-see’ policy approach through the remainder of this year,” said analysts at Nomura in a note this week.

The International Monetary Fund has forecast an expansion of 1.9% for China for the full year, the only major economy expected to report growth in 2020.

Reporting by Gabriel Crossley; Editing by Sam Holmes
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What Bloomberg’s Economists Say...
China’s data are set to confirm the economy’s robust recovery extended into the third quarter, with GDP forecast to grow 5.3% on year. Monthly indicators of the supply side (industrial production) and demand (private investment and retail sales) will likely show momentum continuing before the final quarter of 2020. Chang Shu, chief Asia economist
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Larry Hu, chief China economist at Macquarie, projects third and fourth-quarter GDP growth of about 5 per cent and 5.5 per cent respectively. He expects growth could surge as high as 15 per cent over the first three months of 2021 because of the low base effect of this year’s first-quarter crash.
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Foreign direct investment (FDI) inflows into China surged in September by nearly a quarter compared to a year ago, underlining the confidence international investors have in the world’s second biggest economy long-term prospects, despite threats of decoupling from the United States.
FDI inflows into China rose 23.7 per cent to US$14.25 billion last month, according to data released by the Ministry of Commerce on Friday. The growth marked an acceleration from August when China’s FDI recorded year-on-year growth of 15 per cent.
Total FDI inflows into China in the first nine months amounted to US$103 billion, an increase of 2.5 per cent from the same period last year, the Chinese ministry said. In comparison, Vietnam, which is widely seen as an alternative investment destination, attracted US$21.2 billion in FDI in the first nine months of 2020, a drop of 18.9 per cent from a year earlier.
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Recovery looking good!
 
AssassinsMace

AssassinsMace

Lieutenant General
This should be a lesson for Beijing too because they think if they're taking the high road, everyone will recognize it and China will be rewarded. Did Australia recognize China taking that high road? Australia took anti-China action to impress Trump at China's expense and only until China started hitting them back now they all of the sudden want to talk. Beijing's inactions, aka the high road, only told the Australians they can get away with it. Hit them immediately and then they'll think twice. China should turn the screws more and let them boil a while before thinking about talking to them.
 
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