China economy on Aug.2022



Chinese youth opt out of the rat race in search of personal peace

Young people are abandoning demanding careers and ditching consumerism, but the ruling communist party needs them to work hard to further economic growth.

年轻人正在放弃苛刻的职业并放弃消费主义,但执政的共产党需要他们努力工作以促进经济增长。

https://www.aljazeera.com/news/2022/8/27/chinese-youth-opt-out-of-the-rat-race-in-search-of-personal-peace

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Russia’s terrible war generates headlines, but China’s growing debt crisis is mostly ignored. And yet, it will have profound negative effects on the global economy. In just three generations, Beijing built a middle class bigger than America’s entire population. But now Chinese many face ruination. China’s domestic real estate bubble, due to deregulation, is so gargantuan that much of its middle class has been damaged.

俄罗斯可怕的战争成为头条新闻,但中国日益严重的债务危机大多被忽视。 然而,它将对全球经济产生深远的负面影响。 仅仅三代人,北京就建立了一个比美国总人口还多的中产阶级。 但现在很多中国人面临毁灭。 由于放松管制,中国国内的房地产泡沫如此之大,以至于其大部分中产阶级都受到了损害。

https://thehill.com/opinion/international/3619006-how-chinas-dim-prospects-may-turn-into-disaster/

 

 

Point of no return: crunch time as China tries to fend off property crash

不归路:中国试图抵御房地产崩盘的关键时刻

https://www.theguardian.com/business/2022/aug/28/crunch-time-china-tries-to-fend-off-property-crash-global-economy

 

 

China’s economy wrestles with growing youth unemployment and falling prices for new homes

中国经济与青年失业率上升和新房价格下跌作斗争

https://finbold.com/chinas-economy-wrestles-with-growing-youth-unemployment-and-falling-prices-for-new-homes/
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China’s bursting housing bubble summed up in a viral video, as official tells citizens to ‘Buy one property, then a second. Bought a second? Buy a third, and fourth’

一段病毒式的视频总结了中国破灭的房地产泡沫,官方告诉市民“先买一套,再买一套”。 买了一秒? 买第三个和第四个’

https://fortune.com/2022/08/17/china-property-crisis-housing-bubble-viral-video-official-says-buy-homes/

 

 

 

 

Extreme Heatwave in China Shuts Down Semiconductor Factories and Lithium Processing

中国极端热浪关闭半导体工厂和锂加工

https://jalopnik.com/extreme-heatwave-in-china-shuts-down-semiconductor-fact-1849425110

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Why China’s economy is in trouble and what it means for you

为什么中国经济陷入困境,这对你意味着什么

https://www.dw.com/en/why-chinas-economy-is-in-trouble-and-what-it-means-for-you/a-62823625

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Tencent posts first ever revenue drop, turns to foreign markets as China’s gaming crackdown continues

腾讯收入首次出现下滑,随着中国游戏镇压的继续,转向国外市场

https://www.techspot.com/news/95652-tencent-turns-foreign-markets-china-video-game-crackdown.html

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Chinese factories close as drought hits hydropower

中国工厂因干旱袭击水电而关闭

https://www.aljazeera.com/economy/2022/8/17/chinese-factories-close-as-drought-hits-hydropower

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CHINESE SMARTPHONE BRANDS IN DEEP TROUBLE, RECORD SHARP DECLINE IN DEMAND WORLD OVER

中国智能手机品牌深陷困境,全球需求急剧下降

https://www.firstpost.com/tech/news-analysis/chinese-smartphone-brands-in-deep-trouble-record-sharp-decline-in-demand-world-over-11069021.html

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China’s Infrastructure Boom Gets Swamped by Property Woes

中国的基础设施繁荣被房地产危机淹没

https://www.bloomberg.com/news/articles/2022-08-17/china-infrastructure-stimulus-isn-t-making-up-for-property-woes#xj4y7vzkg

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China cuts interest rate to lift economy as Xi eyes up. 在中国国家主席习近平试图扩大掌权之际,中国央行周一下调了关键利率,以支撑疲软的经济增长。

https://www.newstalkzb.co.nz/news/business/china-cuts-interest-rate-to-shore-up-economy-as-president-xi-jinping-eyes-extension-of-his-reign/

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NYSE delistings signal Beijing may be willing to compromise on U.S. audit dispute. 纽交所退市表明北京可能愿意在美国审计纠纷上妥协

https://www.reuters.com/markets/europe/chinese-nyse-delistings-could-pave-way-audit-deal-with-us-analysts-say-2022-08-15/

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Tencent and Alibaba have lost more value this year than any other company in the world

腾讯和阿里巴巴今年损失的价值比世界上任何其他公司都多

https://www.techspot.com/news/95622-tencent-alibaba-have-lost-more-value-year-than.html

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Chinese developers in ‘survival mode’ slash property investment

处于“生存模式”的中国开发商在 7 月份大幅削减房地产投资,而新开工量则创下近十年来的最大降幅,这表明流动性受到挑战的行业不会很快转危为安。

https://www.reuters.com/world/asia-pacific/chinas-jan-july-property-investment-falls-fastest-pace-since-march-2020-2022-08-15/

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five major Chinese companies have announced that they will delist from the New York Stock Exchange. The five companies are –– Sinopec and PetroChina, two of the world’s biggest energy firms, The Aluminum Corporation of China, also known as Chalco, China Life Insurance and a Shanghai-based Sinopec subsidiary.

五家中国大公司已宣布将从纽约证券交易所退市。 这五家公司是——中国石化和中国石油这两家世界上最大的能源公司、中国铝业公司(也称为中国铝业)、中国人寿保险和中国石化在上海的子公司。

https://www.wionews.com/world/five-chinese-firms-to-delist-from-nyse-506252

https://www.forbes.com/sites/gradsoflife/2022/06/30/3-ways-to-tackle-hirings-mammoth-bias-problem/?sh=1be3a41a4216

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Sanctioned Huawei keeps on losing money, just not as quickly

Revenue from its smartphone division fell 25%

受制裁的华为不断亏损,只是没那么快
其智能手机部门的收入下降了 25%

https://www.techspot.com/news/95606-sanctioned-huawei-keeps-losing-money-not-quickly.html

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Mostly Bluster: Why China Went Easy on Taiwan’s Economy

中国因接待议长南希佩洛西而对台湾实施的经济禁令并不是特别痛苦。 增加压力可能会损害中国自身的经济。

https://www.nytimes.com/2022/08/12/business/china-taiwan-economy.html

 

 

 

Here’s where China’s real estate troubles could spill over

惠誉评级分析称,中国房地产市场长期承压,对不同行业产生不同程度的负面影响。
他们的分析确定了三种最容易受到中国房地产持续困扰的企业。
尽管中国尚未必然进入这种压力情景,但惠誉表示,最近的抵押贷款罢工可能会削弱对房地产市场的信心,延迟复苏并在国内经济中产生连锁反应。

https://www.cnbc.com/2022/08/12/heres-where-chinas-real-estate-troubles-could-spill-over-.html

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GERMANY BANS OPPO AND ONEPLUS SMARTPHONE SALES, OTHER EU COUNTRIES MIGHT FOLLOW SUIT

德国禁止 OPPO 和 ONEPLUS 智能手机销售,其他欧盟国家可能会效仿

德国法院对 Oppo 和 OnePlus 实施禁令的原因与洗钱或挪用资金无关,而是诺基亚与中国智能手机制造商之间的专利纠纷。

https://www.firstpost.com/tech/news-analysis/germany-bans-oppo-and-oneplus-smartphone-sales-over-5g-patent-violations-other-eu-countries-might-follow-11037311.html

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China property crisis: Why homeowners stopped paying their mortgages

中国房地产危机:为什么房主停止支付抵押贷款

https://www.bbc.com/news/world-asia-china-62402961

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China property developers’ woes cast shadow over management units

中国房地产开发商的困境给管理单位蒙上阴影

https://www.reuters.com/world/china/china-property-developers-woes-cast-shadow-over-management-units-2022-08-10/

 

 

China’s factory inflation hits 17-month low, consumer prices speed up

中国工厂通胀创17个月新低,消费者物价加速上涨

https://www.reuters.com/markets/macromatters/chinas-july-factory-gate-inflation-hits-17-month-low-2022-08-10/

 

 

China’s military drills near Taiwan disrupt key shipping lanes

中国人民解放军东部战区 (PLA) 火箭部队在 2022 年 8 月 4 日发布的这份讲义中的一个未公开位置,在台湾东海岸附近海域进行常规导弹试验。东部战区司令部/讲义通过 路透社

https://www.reuters.com/world/asia-pacific/chinas-military-drills-near-taiwan-disrupt-key-shipping-lanes-2022-08-05/

Handout of Chinese PLA Eastern Theatre Command drill

 

The Rocket Force under the Eastern Theatre Command of China’s People’s Liberation Army (PLA) conducts conventional missile tests into the waters off the eastern coast of Taiwan, from an undisclosed location in this handout released on August 4, 2022. Eastern Theatre Command/Handout via REUTERS

 

 

India says Vivo’s local unit evaded over $280M in import tax

中华民族的传统美德. 印度反走私机构表示,手机供应商 Vivo 的当地部门在印度反洗钱机构突击搜查这家中国公司的国内办事处大约一个月后,逃避了超过 2.8 亿美元的关税。

https://techcrunch.com/2022/08/03/vivo-india-local-unit-evaded-280-million-import-tax-custom-duty/
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A fifth of US-listed Chinese firms probably not qualified for a Hong Kong listing, narrowing escape options, research finds

研究发现,五分之一在美国上市的中国公司可能不具备在香港上市的资格,从而缩小了选择范围

https://www.scmp.com/business/banking-finance/article/3187490/fifth-us-listed-chinese-firms-probably-not-qualified-hong

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China’s economic plight ups Pelosi visit risks

中国经济困境增加佩洛西访华风险

https://www.reuters.com/breakingviews/chinas-economic-plight-ups-pelosi-visit-risks-2022-08-02/

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China’s Belt And Road Grapples With Mounting Debt Crisis, Impacting Central Asia, Pakistan, And Beyond

中国的“一带一路”应对日益严重的债务危机,影响中亚、巴基斯坦及其他地区

https://www.rferl.org/a/china-debt-crisis-belt-road-initiative-kyrgyzstan-pakistan-/31970756.html

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Asia markets mostly higher as investors monitor Pelosi’s visit to Taiwan

由于投资者关注佩洛西访问台湾,亚洲市场大多走高

https://www.cnbc.com/2022/08/03/asia-markets-geopolitical-tensions-economics-currencies-oil.html

 

 

China’s Stumbling Manufacturing, Property Sectors Show Long Road to Recovery

中国制造业步履蹒跚,房地产行业复苏之路漫长

https://www.wsj.com/articles/chinas-stumbling-manufacturing-property-sectors-show-long-road-to-recovery-11659281264?mod=flipboard

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U.S. Lashes China With Stricter Export Bans on Chipmaking Tech

Chip wafers

(Image credit: Shutterstock)

美国对中国实施更严格的芯片制造技术出口禁令

https://www.tomshardware.com/news/us-china-chipmaking-14nm-restrictions

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