China Economic News

[Behappyalways]

China Beige Book
https://mobile.twitter.com/ChinaBeigeBoo...0781899778

[CY09]

https://markets.businessinsider.com/news...ing-2023-3

If this is true, it probabaly explains why Yangzijiang Financial Holding's investment amount in Singapore has only increased a little from what it was 6 months ago, this is due to the company having difficulties shifting its cash from China to Singapore. (increase of s$410 million to s$534 million). The company had previously projected to shift till it had s$1 billion in Singapore by end 2022.

[weijian]

I reckon that I will probably be getting a Chinese brand EV in the future, something that I wouldn't have imagined a couple of years back.

How did China come to dominate the world of electric cars?

The story of how the sector got here is about more than just Chinese state policy; it also includes Tesla, Chinese battery tech researchers, and consumers across the rest of Asia.

https://www.technologyreview.com/2023/02...rs-policy/

[brattzz]

for EVs, singapore gov is pro-korean, hyundai, the assembly plant is based in Jurong West, servicing and spares will be more competitive than other brands....

https://www.hyundai.com/worldwide/en/com...0000016550

[CY09]

It depends, the cost of land and labour in Singapore is notoriously expensive, hence the overall cost of a china built EV with servicing here may be cheaper.

Unforuntately, I am "too poor" to afford a car given the COE and ARF fees

[CY09]

https://www.channelnewsasia.com/business...em-3339006

When we think of Chinese, we think of them as net savers. However, that's biased as it seems even the China provincial governments are on a debt binge and in a situation of being unable to service their debts. This is akin to the US debt situation. So if the no 1 and no 2 economies are overleveraged, willl a reset happen?

The second order question is that if both economies are close to bankrupt, the USD and RMB currency will wane, which currency in the world is good enough to be the currency of commerce?

[Big Toe]

On a country level, China debt is lower than the USA. Debt Vs GDP. Problem here is China is opaque and we dont get a good sense of the severity of the issue. A silver lining is the china property sector is recovering slowly in china, which affects everything from revenue for the government to personal wealth/consumption.

In US, we get debt ceiling drama every few months and know exactly what is going on.
With increasing borrowing costs, both economies will have to tackle the debt head on probably sooner than later.

Personally, I am keeping a significant portion in cash. When everyone borrows, we save. It is a great time to be savers at least for now, where cash may outperform other assets in the short to mid term. (property/stocks). Having said that i am never out of the stock market. As I am happy with my holdings, it only means I dont add or add less to my positions. In for the long haul as a partial business owner of the company, always.

[Behappyalways]

失業青年嘆:深圳待不下去了!TVBS直擊人力市場席地而睡｜TVBS新聞
https://m.youtube.com/watch?v=LrSLSXVO1Kg

[Behappyalways]

Those who work 1 hour per week are not considered unemployed.


1周工作1小時不算失業! 陸青年失業率連2月新高｜方念華｜FOCUS全球新聞 20230616@tvbsfocus
https://m.youtube.com/watch?v=5MC_3yllXM8

[Behappyalways]

'23.07.14【觀點│龍行天下】Pt.1 失業率、通縮？你對中國經濟的理解太淺了！
https://m.youtube.com/watch?v=Xlalj34gk_0