Demographics and a feeble economy are straining both China’s pension system and the family tradition of children caring for aging parents.
— Read on www.barrons.com/articles/how-chinas-retirement-crisis-is-contributing-to-weak-consumption-811dc64a
Tag: China
China is facing a full-blown debt crisis with $8 trillion at risk as Xi Jinping eyes an unprecedented 3rd term
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
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