[cityhantam]

中國造船2024年Q1"三大指標"同步成長! 訂單雪片般飛來｜全球7成訂單 中國拿下【盧秀芳辣晚報】精華版 @CtiNews
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[cityhantam]

被外媒唱衰了5年，港珠澳大橋竟變成這樣！旅客超1000萬！西方驚呼：1200億沒白花！

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[cityhantam]

🚨 Shocking Forecast: China, India Economic Growth Beats Expectations and Bilateral Trade Ties
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[Tee tiong huat]

🚨 Shocking Forecast: China, India Economic Growth Beats Expectations and Bilateral Trade Ties
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Good for world trading but angmo, like Euro not happy, no share the cake..

[cityhantam]

https://abcnews.go.com/International/wir...-110917560
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[cityhantam]

海关总署公布外贸进出口“成绩单”，前5个月的贸易数据说明了什么？如何看待民营企业撑起了中国外贸发展的“半边天”？| CCTV「新闻1+1」20240607

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[cityhantam]

温铁军：新世纪初，外资为何涌入中国？【温言铁语】


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[cityhantam]

https://stcn.com/article/detail/1225765.html




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[cityhantam]

https://www.forexfactory.com/news/129362...435b-in-h1

China's trade surplus at $435B in H1

. Huat ah!!! 

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China's trade surplus ran at $435 billion in the January to June period, the country's General Administration of Customs revealed in its report on Friday.

The country's exports rose 3.6% in the first six months of the year compared to the same period in 2023, while imports grew by 2% in the reported period, year over year. In June, the trade surplus was at $99.05 billion, with exports soaring 8.6% and imports falling 2.3%.

The trade surplus amounted to 3.1 trillion yuan in the first half of 2024, with exports surging 6.9% on an annual level, and imports jumping 5.2%. In June alone, the figure stood at 703.03 billion yuan, with exports up 10.7% and imports dipping 0.6%.
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[revealer]

Think. Is the recordssurpluses a blessing in disguise in an environment when

1)  imports falling which means also materials use is also falling
2)  PMI of larger firms shrinking except 4 the SMEs
3)  EVs r stacking up in EU ports & they r investigating the dumping of solar  panels
4)  EU and US just slapped their tariffs

What does this all mean?  Just like when Gov going to increase petrol tax,  u will see many cars in petrol stations and the petrol sale picked up all of a sudden

EVs unlike petrol which cannot keep 4 very long or easily move to other countries.

[cityhantam]

OMG!!!

AMDK lickers said  exports soaring 8.6% is BAD!!! 

[cityhantam]

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[cityhantam]

https://www.shine.cn/biz/economy/2407159712/

China's GDP expands 5% in H1 (2024)

China's gross domestic product (GDP) grew 5 percent year on year in the first half of 2024, data from the National Bureau of Statistics showed Monday.

China's GDP reached around 61.68 trillion yuan (US$8.65 trillion) in the first half, NBS data showed.

In the second quarter, the country's GDP expanded 4.7 percent year on year, according to the NBS.

"Overall, the national economy has continued to improve in the first half in a stable manner," the NBS said in a statement commenting on the economic performance, citing support from policy incentives, rebound in external demand and development of new quality productive forces.

The second industry expanded 5.8 percent year on year in the first half, outpacing a 3.5-percent increase in primary industry and 4.6 percent in the service sector, according to the NBS.

On a quarterly basis, China's economy expanded 0.7 percent in the second quarter.

Consumption continued to play a major role in driving growth, with final consumption contributing to 60.5 percent of the economic expansion in the first half, contributing 3 percentage points to the GDP growth.

[Tee tiong huat]

China’s economy rebounded faster than expected, surpassing growth estimates for the first quarter of the year, after the country relaxed its onerous Covid-19 restrictions and consumer spending surged.

World’s second largest economy grew at a rate of 4.5% compared with the same quarter a year earlier, according to the National Bureau of Statistics. The pace of increase was the fastest in a year and beat the 4% rise forecast by analysts polled by Reuters.

China’s consumer economy showed signs of resurgence, with retail sales rising 10.6% in March, representing the biggest jump in almost two years and more than double the forecast rate. During the same month, industrial production also rose 3.9% compared with a year earlier, a five-month high.

China sets modest economic targets as it seeks to bounce back from Covid woes.

“The speed of the recovery has exceeded even our relatively upbeat expectations,” said Julian Evans-Pritchard, head of China economics at Capital Economics, adding that full-year growth could reach 6%, exceeding the government’s official target of about 5%.

How did China go from a poor society, devastated by World WarII & its own civil war by mid-20th century, to number two (2) economy today?.

After decades of economic stagnation setbacks under Communist rule, China began to open itself to international trade & liberalize economy when it established diplomatic & trade relations with U.S. in 1979. 

As its subsequent export growth fueled  growth of manufacturing & urbanization, China rose to be a major global economic power over the next four decades. 

The year China’s export surged in June, customs admin reported Friday & imports shrank, with Chinese companies households becoming more cautious about spending money.


This result was a good news for China, a record monthly trade surplus of over $99 billion.

[victortan]

Fake by CCP,,, investor now are more aware of this CCP gimmick.

then why HSI still flat.

[revealer]

Will b very surprise to see China can recover w/o doing anything about its 185% GDP of private sector credit debts owed to the banks.  This debt is growing larger and larger every year. Japan took more than 2 decades to recover after killing tt private sector debt  in 2000.

[cityhantam]

Fake by CCP,,, investor now are more aware of this CCP gimmick.

then why HSI still flat.

Based on performance of sock market, Argentina has been the best performing economy! 

[cityhantam]

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[cityhantam]

https://www.chinadaily.com.cn/a/202411/3...d05c9.html

China's manufacturing PMI at 50.3 in November

BEIJING -- The purchasing managers' index (PMI) for China's manufacturing sector came in at 50.3 in November, up from 50.1 in October, official data showed Saturday.

[cityhantam]

https://asia.nikkei.com/Economy/Trade-wa...mp-tariffs

China's exports boom as companies race against Trump tariffs

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https://www.businesstimes.com.sg/compani...rn-tariffs

Air cargo flights out of China soar to new peaks ahead of Trump return, tariffs

THE race to secure goods from China before tariffs are imposed has taken off, with international cargo flights out of the Asian nation increasing to new records in the weeks since Donald Trump won the US presidential election on Nov 5.

There were 3,485 international cargo flights in or out of China last week, the most in data back to March 2023, just after China reopened its borders from several years of pandemic restrictions.

That was the third straight week with more than 3,400 flights, according to the data from the Ministry of Transport.

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http://www.china.org.cn/business/2024-11...568946.htm

China-Europe freight-train service boosts shared prosperity

European and Chinese businesses, along with relevant government departments, are preparing a welcoming ceremony to mark the historic arrival of the 100,000th China-Europe freight train, which is scheduled to reach Duisburg, Germany, this week.

The train, loaded with goods including electronics, vehicles, auto parts, machinery and household appliances, departed from Chongqing Municipality in southwest China last week, marking a significant milestone in the development of the railway service that enhances economic and trade exchanges between China and Europe.

[WhatDoYouThink!]

Jobless ermaos angry or not?

[Huliwang]

This is unbelievable. I am stunt like vegetable.    

[cityhantam]

野猫论政 2157：中国11月出口同比增长6.7%，全年贸易顺差有望超过万亿美元；芯片，汽车出口两位数增长
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[Tee tiong huat]

This is unbelievable. I am stunt like vegetable.    

[Tee tiong huat]

Good for world trading but angmo, like Euro not happy, no share the cake..

China Vows Bigger Fiscal Spending to Boost Consumption coming Year 2025.

Top leaders endorse boosting consumption as top priority. The questions linger over scale and ambition of Beijing’s plans?.

[Tee tiong huat]

China Vows Bigger Fiscal Spending to Boost Consumption coming Year 2025.

Top leaders endorse boosting consumption as top priority. The questions linger over scale and ambition of Beijing’s plans?.

Donald Trump's 2025 presidential term could see him further erode the key principles of US economic policy pre-2017, such as free trade and modest budget deficits, as he looks to increase tariffs and slash the corporate tax rate. His proposed trade and tax policies could have an inflationary effect on the US economy, leading to a potential conflict with the Federal Reserve, while his lack of support for military alliances could raise the likelihood of Russian or Chinese aggression.

Trump to reshape the US role on the world stage, making changes that ripple across the international order. When he takes office on 20 January 2025, Trump can again deploy not only the extensive executive authority conferred on the president by past statutes. He can also pursue new legislation to further his radical economic agenda. Trump seems on course to dismantle four pillars of the Washington Consensus that guided US economic policy before his first election in 2017 — relatively free and non-discriminatory trade, open capital markets, modest budget deficits and an independent central bank.

Trump can impose tariffs of any measure, on any country or product through executive orders. During his campaign, he advocated a tariff wall of 10 or 20% on all imports on top of existing bound tariffs against all US trade partners, including those with free trade agreements. He also proposed hiking 2019’s partial 19 per cent tariffs to 60 per cent on all imports from China. Shortly after the election, Trump threatened Mexico and Canada with 25 per cent tariffs on all US imports unless they stop fentanyl exports and illegal emigration. He also threatened BRICS with 100 per cent tariffs if they seek an alternative currency to the US dollar.
https://eastasiaforum.org/2024/12/10/tru...r-tariffs/

[Omnipresent88]

https://youtu.be/2zkIlDiQzmU?si=4F4rrWYy5gYOT0ez

[Omnipresent88]

[Omnipresent88]

https://youtu.be/9sJX3B10Zp8?si=YBwWgnWjmZignFng

[cityhantam]

https://www.scmp.com/economy/economic-in...-takeaways
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