China, home to a population of over 1.4 billion, is the world’s second-largest economy, with the nation experiencing an average annual growth rate of 6.7 percent since 2012, driven in part by its dominance in manufacturing and its cheap exports of goods. As of 2022, China had a GDP of $17.7 trillion, just behind the United States with…
What Happens If China’s Economy Collapses?
November 25, 2022
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Business & MarketsChinaChina Business & EconomyChina economyChinese RegimeeconomyMarketsUncategorized
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Chinese Listed Companies Are Buying Back Shares, Incurring Massive Losses
November 10, 2022
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Business & MarketsChinaChina Business & EconomyChina economychina stock marketeconomyMarketsstock buybacksstocks
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Amid a massive foreign capital exodus, Chinese listed companies have been buying back their own shares and incurring huge losses. More than 1,300 listed companies and various equity funds in China have made frequent share buybacks in China A-shares and Hong Kong stocks this year, with a sharp peak at the end of October. According…
CCP’s Budget Deficit Reaches Nearly $1 Trillion
November 10, 2022
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Business & MarketsChinaChina Business & EconomyChina deficitChina economychina local government debtChinese Regimeeconomy
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The Chinese Communist Party (CCP) regime’s fiscal balance for the first three quarters of 2022 shows that revenue for the country’s general public budget fell by 6.6 percent year-on-year, while revenue for the government funding budget fell 24.8 percent year-on-year, although corresponding expenditure increased significantly. The Chinese Ministry of Finance announced the figures on Oct. 25….
Amid Financial Turmoil, China’s Local Governments Issue Bonds in Hong Kong
The governments of China’s Hainan Province and the city of Shenzhen announced last month that they would issue up to 5 billion yuan (about $700 million) of offshore bonds in Hong Kong. China’s local governments, under financial stress, are using Hong Kong to access overseas funds, experts believe. However, Hong Kong’s economic outlook is not…
Fresh COVID Outbreaks in 31 Chinese Provinces Shatter Premier’s Hope to Revive Economy
Thirty-one provinces and municipalities in China were reported to be dealing with COVID-19 outbreaks, with some cities imposing tightened epidemic prevention and control measures. The new round of lockdowns is disrupting Premier Li Keqiang’s intention to rescue the economy, say several political analysts. According to Chinese official media, 31 of the country’s 34 provincial administrative…
China’s Real Estate Industry Signals Big Regression of the Country’s Market Economy
August 21, 2022
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ChinaChina Business & Economychina economic risksChina economyChinese Regimechinese state-owned enterprisesprivate companies
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From January to July this year, among the top 10 real estate companies acquiring land in key cities in China, 80 percent are state-owned enterprises, according to the country’s official data. A similar trend was observed in other industries in China. Analysts believe that this is not only an indication that “the state advances, the…
Chinese Leadership Dispute in the Spotlight as Premier Urges Provinces and Cities to Stabilize Their Economies
July 13, 2022
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ChinaChina Business & EconomyChina economychina supply chainChinese RegimeCOVID lockdownsdynamic zero-COVID
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News Analysis In a recent economics symposium, Chinese Premier Li Keqiang emphasized the need to stabilize the economy and revealed that China’s current economic situation is “very challenging.” But on June 29, Chinese Communist Party leader Xi Jinping reiterated the “zero-COVID” policy and called the policy important in affecting economic development and advancement. The clash…
On China’s Persistent Low Inflation
Commentary When the western advanced economies are losing control of inflation, China is praising herself as a global stabiliser with inflation staying as low as near two percent. True, China is one of the very few countries that can achieve the usual two percent inflation target at the moment. Nevertheless, we should question why this…
Implication From China’s Four Scissors
Commentary China released a series of May economic data; all are better than expected and some show improvement from the previous month. But a month’s change right after massive lockdown is certainly not confirming a change of downtrend (to flat or up). Whether there will be a structural change is hard to judge simply from…
Economic Effects of Foreign Companies Exiting China Can’t Be Ignored, Expert Says
Shanghai’s strict COVID lockdown has worsened China’s ability to attract foreign investors, a Chinese investment expert has said. Huang Feng, president of the Shanghai Association for Foreign Investment, told a video conference that the effect of the Shanghai lockdown has created the direst foreign investment situation that he has seen in 30 years. Shanghai, China’s…
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