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China economy – XtremeCuztoms

Category: China economy

China’s Premier Holds Meeting With Experts to Save Economy; Analysts Say Root Cause Systemic With Communism

While Chinese communist regime’s Premier Li Qiang held a meeting with mainland Chinese economists on July 6 to collect suggestions on how to save the mainland Chinese economy, analysts say the root cause of China’s economic downturn lies in its political system, which is dictated by the ruling communist party (CCP) which is currently led…


Sluggish Recovery Post COVID for Chinese Film Industry

June was a big month for the Chinese movie industry, with the glitzy Shanghai International Film Festival proclaiming a rebound for the industry post-COVID. Meanwhile, Hong Kong’s Fresh Wave International Film Festival sounded a more sobering note as organizers not-so-subtly highlighted Chinese Communist Party (CCP) censorship. The two festivals provided a perspective on a movie…


John Robson: Beijing’s Turn Toward Cute Puppy Diplomacy Shouldn’t Be Trusted

Commentary One of Robson’s Rules of History is “Never attack the Anglosphere.” Doing so might seem redundant these days given the harm we’re already inflicting on ourselves, from fiscal policy to gender. But free societies possess an extraordinary resilience tyrannies can neither understand nor match. And the runner’s faltering steps, laboured breathing, and uneasy looks…


China’s Producer Price Inflation Falls 4.6 Percent in May Amid Overall Deflation Risk

China’s Producer Price Index (PPI) fell for the eighth straight month in May, fortifying concerns about the economy slipping into a deflationary situation. Data from China’s National Bureau of Statistics show that the country’s PPI for May declined by 4.6 percent year over year, according to Reuters. This is the eighth consecutive monthly decline and…


Northeast China ‘Forerunner’ in China’s Development

Northeast China, historically known as Manchuria which consists of the provinces of Liaoning, Jilin, and Heilongjiang, always seems to be a bellwether for developments in the country, especially in terms of economic, demographic, and social trends. Many things done by Northeasterners that were ridiculed early on have since become common phenomena throughout the rest of China….


Shenzhen Becomes China’s Largest Industrial City as Shanghai Declines

For many years, China’s top three industrial cities were Shanghai, Shenzhen, and Suzhou, in that order. However, as Shanghai implemented Beijing’s draconian zero-COVID policy last year, the city’s GDP by industry fell, and Shenzhen overtook Shanghai to become the No. 1 industrial city in China. According to China’s recently released 2022 GDP ranking of the top…


China Continues Monetary Easing Policies As Consumers Continue to Hesitate

China’s central bank is continuing its monetary easing policy in 2023 in a bid to stimulate consumption to boost the economy and stabilize the property market, but the real estate market is still falling in most cities. At the same time, data in January showed a continued rise in the country’s infrastructure spending plus a…


China’s Real Estate Crisis Worsens as Sales Continue to Plummet

China’s properly sales remain sluggish despite China’s central bank enacting policies to stimulate the market. According to China Real Estate Information Corp (CRIC), there is a consensus that the real estate sector is on a downward spiral and is truly heading for an era of negative growth. The Chinese regime and the central bank introduced…


Report: Beijing’s Power in Asia Slumps as Australia Narrows Gap With Russia

Beijing’s draconian “Zero-COVID” policies during the pandemic caused its influence in Asia to plummet, while Australia, which has been less affected by the pandemic, is within striking distance of overtaking Russia, a new report shows. China’s overall power in Asia declined the most in 2022, according to the Lowy Institute’s latest edition of Asia Power…


China Local Government Debts Grow Faster Than GDP

The latest data from China shows considerable local government debts have grown faster than GDP. Given the opacity of the Chinese Communist Party’s (CCP) official data, it is likely that local government debt is much worse than reported. China’s frequent COVID-19 outbreaks in 2022 have led to production stagnation and economic recession. Pillar industries such as…