A mounting level of local debt in China poses another threat to an already-slowing economy, as Xi Jinping settles in for a third term.
— Read on ca.finance.yahoo.com/news/china-facing-full-blown-debt-123000392.html
Tag: China
Chinese Households’ Pivot to Thriftiness Is Bad News for World Economy – Bloomberg
Households downbeat about their prospects are retrenching, with consequences for local giants as well as multinationals.
— Read on www.bloomberg.com/news/articles/2022-08-15/chinese-households-pivot-to-thriftiness-is-bad-news-for-world-economy
China faces a nearly $1 trillion funding gap. It will need more debt to fill it.
The Chinese government faces a growing shortfall of cash, analysts say, as they predict an increase of debt to fill the gap.
— Read on www.cnbc.com/2022/05/31/china-faces-a-nearly-1-trillion-funding-gap-it-will-need-more-debt-to-fill-it.html
Visualizing China’s $18 Trillion Economy in One Chart
China’s economy reached a GDP of 114 trillion yuan ($18 trillion) in 2021, well above government targets. What sectors drove that growth?
— Read on www.visualcapitalist.com/visualizing-chinas-18-trillion-economy-in-one-chart/
China’s Politburo Ignites Market Rally With Vows on Growth
(Bloomberg) — China’s top leaders promised to boost stimulus and contain the country’s worst Covid outbreak since 2020, issuing a sweeping set of pledges that was light on details but enough to spark steep gains in stocks and the yuan.Most Read from BloombergElon Musk Offloads $4 Billion of Tesla Shares, Pledges No More SalesPutin Is Losing So Here’s How He’ll Make the War WorseUkraine Latest: Germany Says Won’t Block a Russian Oil EmbargoFour European Gas Buyers Made Ruble Payments to RussiaUk
— Read on ca.finance.yahoo.com/news/china-politburo-pledges-more-stimulus-051513733.html
Xi’s Vow to Boost Growth While Locking Down Met With Skepticism
(Bloomberg) — China’s top leaders vowed on Friday to hit this year’s economic growth target while also sticking with a Covid Zero strategy that has locked down major cities. Economists doubt they can do both. Most Read from BloombergElon Musk Offloads $4 Billion of Tesla Shares, Pledges No More SalesPutin Is Losing So Here’s How He’ll Make the War WorseUkraine Latest: Germany Says Won’t Block a Russian Oil EmbargoFour European Gas Buyers Made Ruble Payments to RussiaUkraine’s Forces Get Boost F
— Read on ca.finance.yahoo.com/news/xi-vow-boost-growth-while-110745235.html
China economy: Central bank tries to slow weakening yuan vs US dollar
The Chinese yuan traded a touch stronger against the U.S. dollar Tuesday, reversing a sharp weakening trend after the PBOC signaled support for its currency.
— Read on www.cnbc.com/2022/04/27/china-economy-central-bank-tries-to-slow-weakening-yuan-vs-us-dollar.html
Shanghai by the numbers: China’s Covid lockdowns
China’s latest wave of Covid restrictions have forced millions of people to stay home and undergo mass virus testing in the metropolis of Shanghai.
— Read on www.cnbc.com/2022/04/17/shanghai-by-the-numbers-chinas-covid-lockdowns.html
China’s BYD ends full combustion engine cars to focus on electric, plug-in hybrids
China’s largest electric vehicle EV maker BYD said that as of last month it now produces full electric and heavily electrified plug-in hybrid cars only.
— Read on www.cnbc.com/2022/04/03/chinas-byd-ends-full-combustion-engine-cars-to-focus-on-electric-plug-in-hybrids.html
U.S. and China Rush in Opposite Directions to Save the Global Economy
(Bloomberg) — The firebreak between mounting economic threats and a continuation in the global recovery: an imposing concrete and glass structure in the heart of Beijing’s financial district, elephant statues guarding the door, the Chinese flag flying above.Most Read from BloombergPowell Backs March Liftoff, Won’t Rule Out Hike Every MeetingA Nor’easter Approaching New York Risks Becoming a Bomb CycloneStocks Halt Rally as Bond Yields Spike After Fed: Markets WrapAstronomers Spot Never-Before S
— Read on ca.finance.yahoo.com/news/u-china-rush-opposite-directions-230113119.html