rule_of_72
Thread Rating:
  • 1 Vote(s) - 5 Average
  • 1
  • 2
  • 3
  • 4
  • 5
China Economic News
16-01-2018, 04:09 PM,
Post: #791
RE: China Economic News
Chinese state enterprises post record level of profits in 2017 LINK!


Highest total earnings for state firms posted last year, according to Communist Party newspaper the People’s Daily

PUBLISHED : Tuesday, 16 January, 2018, 2:37pm
UPDATED : Tuesday, 16 January, 2018, 3:25pm

The total profit was the highest ever, the Communist Party newspaper People’s Daily said, while the rate of growth was the highest in five years, according to state-run news agency Xinhua.

The profit figures vindicate plans the Chinese government announced in 2015 to overhaul its lumbering and debt-ridden state sector, launching a radical reform programme designed to make state-owned enterprises (SOEs) more profitable and responsive to the market.

Xinhua said operating revenue for central government-owned enterprises rose 13.3 per cent last year to 26.4 trillion yuan. Total assets reached 54.5 trillion yuan by the end of last year, People’s Daily said, an increase of 7.9 per cent versus 2016.



--

Find Reply
16-01-2018, 09:16 PM,
Post: #792
RE: China Economic News
China is heading toward a debt crisis that will throw into question everything we think we know about it's economy
https://finance.yahoo.com/news/china-hea...00251.html
You can find more of my postings in http://investideas.net/forum/

Find Reply
17-01-2018, 10:05 AM, (This post was last modified: 17-01-2018, 10:06 AM by edragon.)
Post: #793
RE: China Economic News
From The Standard Finance:

Call for full convertibility as yuan rises again
 
17/01/2018
 
The yuan rose for the fourth straight day yesterday, with USD/CNY once reaching 6.43, near the strongest level in two years.
Former Hong Kong finance minister Antony Leung Kam-chung said although the yuan needs to internationalize, the full convertibility cannot come too fast.

He explained that the funding might transfer to other assets if the speed of flow is quick.

He said the volume of trade in China is ranked in the world's top three, while the yuan only accounted for 1.7 percent of global currency reserves, and the situation was not reasonable.

Leung meanwhile advised Hong Kong Exchanges and Clearing to introduce stocks, commodities, bonds and insurance products denominated in renminbi.

Meanwhile, China's central bank boosted injections via open-market operations to the most in two months to counter seasonal tightening of liquidity.

The People's Bank of China pumped in a net 270 billion yuan (HK$397 billion) yesterday, as sales of reverse-repurchase agreements more than offset maturities. That is the most since November 16.

As much as 600 billion yuan is set to leave the financial system as lenders park corporations' quarterly tax payments at the central bank, said David Qu, a market economist at Australia & New Zealand Banking Group in Shanghai.

"This week can probably see the peak of such impact, and that's why the central bank started to step up injections," he said. While market-wide price indicators remain tepid, non-bank financial institutions and smaller lenders suffer much more than the biggest banks, Qu added.

China saw its foreign direct investment rise 7.9 percent year-on-year to reach 877.56 billion yuan , the Ministry of Commerce said in an online statement yesterday.

About 35,652 foreign companies were newly established in 2017, up 27.8 percent from a year earlier, according to the MOC.

--
Opinion:
I think China have no choice even though they do it slowly but traders need the CNY more and more so CNY goes higher and higher while the USD going down.
China I think will keep selling US$ papers and keep buying Gold effectively converting their holdings of Dollar to Gold and back up the CNY with the Gold standard. 
The Gold will be stored in China and not London, out of the reach of those conspirator.
It is about time someone do something to save the World of the USD printing and loading the financial system with Debts, a free loader.



--

Find Reply
18-01-2018, 08:17 AM,
Post: #794
RE: China Economic News
USD-CNY closing on 18 Dec 2016 : 6.95920
USD-CNY closing on 17 Jan 2018 : 6.43463

6.95920 / 6.43463 = 108.15 = 8.15%
18-Dec-2016 to 17-Jan-2018 = 395 days = 1 year 30 Days. or 13 months.

IBM (International Big Mouth) already stopped complaining about the Yuan?
IBM or Apache country.

[Image: Comparision%2Bof%2BCNY%2BUSD%2Bhighest%2...2B2018.jpg]


--

Find Reply
18-01-2018, 02:20 PM,
Post: #795
RE: China Economic News
China Heads for First Full-Year GDP Acceleration Since 2010

Bloomberg News
January 18, 2018, 12:01 AM GMT+8 Updated on January 18, 2018, 10:58 AM GMT+8

China’s economy is poised for its first full-year acceleration since 2010, the year its gross domestic product surpassed Japan’s to become the world’s second-largest.

Data due Thursday at 3 p.m. in Beijing will show the economy expanded by 6.8 percent in 2017 from a year earlier, according to Bloomberg’s survey. Other estimates show: 
* Fourth-quarter growth ticked down to 6.7 percent year-on-year from 6.8 percent in the prior three months
* Retail sales increased 10.2 percent in December from a year earlier, the same pace as the prior month
* Industrial production rose 6.1 percent, also unchanged from November
* Fixed-asset investment climbed 7.1 percent for the year, the slowest pace since 1999

Economists, whose growth estimates weren’t optimistic enough before three of the last four quarterly releases, may have yet another surprise in store, according to hints from one high-level source. Premier Li Keqiang said earlier this month that the 2017 expansion was about 6.9 percent, citing better-than-expected exports, fiscal revenue, household income and corporate profits.

More details in https://www.bloomberg.com/news/articles/...since-2010
Specuvestor: Asset - Business - Structure.

http://www.valuebuddies.com
Website Find Reply
25-01-2018, 11:15 PM,
Post: #796
RE: China Economic News
http://www.straitstimes.com/business/eco...-for-years

One China province has admitted that it has falsifying its GDP figures. IMO, many other provinces are likely to have falsified their GDP as well to meet the "KPI" set by the central government. I am pretty sure the falsified data will affect the national level GDP.

The question now is when China on a national level will try to regularize its GDP figures. In my opinion, the GDP falsification is likely to significantly affect China's GDP

Find Reply
12-02-2018, 06:19 PM,
Post: #797
RE: China Economic News
2018.02.10【文茜世界周報】「紐時」再爆料 糾纏溫家寶家族巨富醜聞
https://www.youtube.com/watch?v=0QSpIqH07k0
You can find more of my postings in http://investideas.net/forum/

Find Reply


Forum Jump:


Users browsing this thread: 3 Guest(s)
Valuebuddies.com | Return to Top | | Lite (Archive) Mode | RSS Syndication | CONTACT US: nas......@valuebuddies.com |