china’s
China’s CO2 emissions surpass entire developed world combined, undermining sacrifices for Net Zero.
A coal-fired power plant in China's Dai city. China now emits more CO2 each year than the entire developed world combined—completely cancelling out all the sacrifices you are being forced to make in the farcical pursuit of Net Zero.pic.twitter.com/AbPB0TIprw — Wide Awake Media (@wideawake_media) April 25, 2024 Report: China emissions …
China’s commodity hoarding hints at possible currency devaluation on the horizon.
China’s extensive stockpiling of essential commodities sparks speculation: Is a currency devaluation imminent? Is China preparing an imminent FX devaluation? The price action looks striking reminscent of 2014/2015 ahead of the managed devaluation of CNY. Full story: https://t.co/sILjD21UGs pic.twitter.com/C0yIRBss3R — Andreas Steno Larsen (@AndreasSteno) April 22, 2024 Arguments why China …
China’s gold imports soar, central bank buys for 17 months straight.
China’s insatiable hunger for gold intensifies with a staggering 2,800 tons imported over the past two years, solidifying its status as a global powerhouse in the precious metal market. As the country’s central bank continues its relentless purchasing spree for 17 consecutive months, gold emerges as a coveted asset, outperforming …
China’s yuan onshore rate is hitting the daily limit repeatedly, while offshore remains weak.
More trouble for China's yuan ahead. Already high drama w/onshore rate (CNY) right at the 2% daily limit day after day. Offshore continues to be substantially weaker. Given what the Chinese reported from their economic situation, can't blame CNY or CNH. Economy is not responding. pic.twitter.com/nTzeSxVe9r — Jeffrey P. Snider …
A Crumbling Metro Reveals Failed Promise of China’s Billions in Africa
Almost a decade ago, the light-rail system in Ethiopia’s bustling capital of Addis Ababa was hailed as a revolutionary solution to the city’s transportation woes. Envisioned as a project that would redefine urban transport, the system promised to sweep up to 60,000 passengers per hour along its tracks. Today it …
China’s inflation data disappoints, with CPI at 0.4% and PPI dropping further.
China’s latest inflation figures signal ongoing economic challenges, with consumer prices barely positive and producer prices continuing to decline. The consecutive drop in GDP deflator for three years raises concerns about the economy’s trajectory, while central bank purchases drive a rally in gold prices. China #PPI #Deflationary 📉 💀https://t.co/iJ1xH9UGNO — …
China’s financial landscape teeters on the brink, facing mounting debt and investor skepticism.
Traders build largest short position on Emerging Market Dollar Bonds in more than a decade pic.twitter.com/U9o9M39LYF — Win Smart, CFA (@WinfieldSmart) April 10, 2024 The recent financial tremors emanating from China have sent shockwaves through global markets. Traders are exhibiting unprecedented caution, as evidenced by the largest short position on …
The New Asian Crisis: China’s real estate meltdown hits family wealth; 70% assets tied to property. 34 top developers in default.
China's Real Estate Collapse At the heart of the decline in family wealth is China's real estate meltdown, which is having a pervasive effect on a society where 70% of family assets are tied up in property. Towards the end of last year, 34 of the top 50 Chinese property… …
China’s economic stagnation prompts global retreat; $5 trillion market cap loss. India rises to fourth-largest market.
Earlier this week, Xi spent nearly two hours on the phone with President Joe Biden, striking a markedly friendlier tone than before. This comes after November’s San Francisco summit, in which Xi promised all sorts of goodies to the US and left analysts wondering what on earth China got in …
China’s ambassador to the UK tells its students in Britain to serve ‘the motherland’ and uphold teachings of the Chinese Communist Part
China’s ambassador to the UK told students at British universities to serve ‘the motherland’ and uphold the teachings of the Chinese Communist Party, it has emerged. Zheng Zeguang was hosted by the Universities of York, Birmingham and Leeds last summer, and told Chinese students to ‘keep in mind’ the words …
China’s property crisis is bleeding into its banking sector, which is being asked to prop up developers
Non-performing loans at China’s big four banks — Industrial and Commercial Bank of China, Bank of China, China Construction Bank, and Agricultural Bank of China — jumped 10.4% in 2023, from 1.117 trillion Chinese yuan, about $155 billion, in 2022 to 1.23 trillion yuan. This is according to a Nikkei …
China’s real estate crisis deepens as defaults rise, population falls.
China's Real Estate Collapse At the heart of the decline in family wealth is China's real estate meltdown, which is having a pervasive effect on a society where 70% of family assets are tied up in property. Towards the end of last year, 34 of the top 50 Chinese property… …
Russia and China’s collaboration on a lunar nuclear reactor signals the dawn of a new space race.
Russia and China announce plan to build shared nuclear reactor on the moon by 2035, ‘without humans.’ Russia’s space agency Roscosmos has announced plans to work with China to build an automated nuclear reactor on the moon by 2035. The proposed reactor will help power a proposed lunar base that …
Opinion: China’s Deflation Could Go Global, Fast Barrons
Much is being made of the China-driven price war upending the electric vehicle universe. Sticker shocks emanating from electric-vehicle giant BYD alone have Elon Musk practically begging for fresh tariffs, lest China “demolish” Tesla and its ilk. Yet this upheaval in the EV space is a microcosm of corporate America’s …
US Intel Report Paints Bleak Picture of China’s Economy
“During the next few years, China’s economy will slow because of structural barriers and Beijing’s unwillingness to take aggressive stimulus measures to boost economic growth,” read the Office of the Director of National Intelligence’s (ODNI) annual worldwide threat report released Monday. Instead of roaring back after the end of its …
China’s debt crisis deepens as hidden obligations surface
China is grappling with an enormous debt crisis. Many cities and even whole regions are overwhelmed by financial obligations, pushing local government officials to negotiate debt repayment terms with Beijing. The mounting unpaid debts are putting local economies under strain, potentially stifling national economic growth. The “Financial Times” attributes the …
China’s exports beat forecasts, rise 7.1% in January-February
BEIJING (Reuters) — China’s export and import growth in the January-February period beat forecasts, suggesting global trade is turning a corner in an encouraging signal for policymakers given protracted weakness in manufacturing has been a drag on the economy. China’s exports in the two months were 7.1% higher than a …
Gen. Cotton reveals China’s ‘breathtaking’ strides in mobile ICBM development
China building new generation of mobile ICBMs. Gen. Anthony Cotton, who took over Strategic Command in December, revealed details of the new mobile ICBM development in closed-door testimony to the Senate Armed Services Committee last week, The Washington Times has learned. The four-star nuclear forces commander described the rapid deployment …
China’s Boom Is Over—Beijing Is Making It Worse
China’s fundamental challenges—including weak demographics and heavy debts—are indeed tough. But it is also clear that much of what is plaguing China amounts to a nasty cyclical downturn exacerbated by Beijing’s poor policy choices. Tuesday’s big speech by Premier Li Qiang to the National People’s Congress, his first in his …
China’s military budget surge and Taiwan-related rhetoric heighten tensions
China has taken a bold stance against Taiwan, signaling heightened tensions by excluding ‘peaceful reunification’ from its language. The move coincides with a 7.2% boost in China’s defense budget, marking three decades of consecutive military spending growth. This underscores Beijing’s commitment to modernizing its military and adopting a more assertive …
China’s property crisis involves gifts for homebuyers, a debt of hundreds of billions, and trillions in local government debt.
Desperate property developers in China have resorted to gifts like new cars, free parking spaces, phones and other consumer goods to attract homebuyers and boost flagging sales. These incentives are just the tip of the iceberg in a crisis involving hundreds of billions of dollars in home builder debt, trillions …
China’s Housing Market Slump Is Set To Deepen
Chinese property giant Country Garden is in trouble after a creditor filed a petition to liquidate the real estate company over unpaid debt. Country Garden Holdings Co. faces a liquidation threat over unpaid debts, it was reported on Wednesday. The turmoil comes amid a prolonged property slump in China, with …
Interventions in China’s current stock market crash initially made things worse. Market freedom now = zero.
(Bloomberg) — Chinese hedge funds were looking forward to a holiday break from the market turmoil when trouble started brewing last month. One manager had his short-selling orders abruptly rejected by brokers. Another was cut off from the stock market completely. Regulators turned up on trading floors at multiple funds …
Beijing warns China’s US$63 trillion financial sector: serve the real economy and enrich lives
China’s financial sector needs to focus on supporting the real economy and must refrain from “fake financial innovation”, state media has proclaimed amid a tightening of regulations as Beijing seeks to flex its financial might. In what is widely believed to be a warning against capital idling and speculative activities …
Nvidia is worth more than China’s entire stock market
"Nvidia is worth more than China's entire stock market"pic.twitter.com/PJ5bV4yUM1 https://t.co/q8b79X2uZX — Financelot (@FinanceLancelot) February 23, 2024 It's a sad fact of markets that at key tops, most traders get stopped out before the big move begins. Now is no exception. Today, Nasdaq breadth was negative as I alluded to this …
China’s Youth Broken, Crying! Can’t Find Jobs, Top University Diplomas Turn Into Toilet Paper
A video features a young woman breaking down in tears due to her joblessness. She shares her experience of briefly securing a job, only to be laid off within a month. The ongoing struggle, she fears, is taking a toll on her mental well-being, pushing her to the brink. Tsinghua …
China’s biggest banks are finally getting scared by the West’s sanctions against Russia
Three out of China’s Big Four state banks have halted payments from sanctioned Russian financial institutions, Russia’s Izvestia news outlet reported on Wednesday. The Industrial and Commercial Bank of China, China Construction Bank, and Bank of China have stopped the transactions since the start of 2024, Alexey Poroshin, the general …
China’s EV rush into Western markets risks ending in a ‘bloodbath’ for the industry, warns founder of Tesla rival Xpeng
The Chinese EV industry may have little choice but to square off in a potential fight to the death, according to the billionaire co-founder of Xpeng. No matter who wins, though, their Western peers stand to lose. As China’s carmakers pursued profitable growth in the West, the country took Japan’s …
U.S. Lawmakers Seek Investigation Against China’s WuXi AppTec
Shares of the WuXi family of biotech and research companies extended losses amid fresh concerns of U.S. lawmakers pushing for government restrictions on the Chinese companies. WuXi AppTec was recently 15% lower at 40.00 Hong Kong dollars (US$5.12) on Wednesday as trading resumed in Hong Kong after the Lunar New …