The Chinese Communist Party (CCP) has been known to alter its economic data. A study published in October used night-time light to determine that China, as well as other autocracies, overstate their gross domestic product (GDP) growth rates. The U.S. study gathered night-time light (NTL) data from satellites and used that to measure the exaggeration…
Using Night-Time Light Data Researcher Finds Chinese GDP Is Exaggerated by About 35%
November 2, 2022
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autocraciesChinaChina Business & EconomyChinese RegimeFinance & Business TiesGDPNight-time lights (NTL)Special Topics
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Using Night-Time Light Data Researcher Finds Chinese GDP Is Exaggerated by About 35 Percent
November 2, 2022
admin
autocraciesChinaChina Business & EconomyChinese RegimeFinance & Business TiesGDPNight-time lights (NTL)Special Topics
0 Comment
The Chinese Communist Party (CCP) has been known to alter its economic data. A study published in October used night-time light to determine that China, as well as other autocracies, overstate their gross domestic product (GDP) growth rates. The U.S. study gathered night-time light (NTL) data from satellites and used that to measure the exaggeration…
Ottawa Gets Tougher on Foreign Government Investment in Critical Minerals
November 2, 2022
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Business & MarketsCanadaChinaChina Business & EconomyCompaniescritical mineralsHuaweilithiumSOEsWorld
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News Analysis Ottawa is taking steps to protect and develop its critical minerals supply chain by cracking down on foreign governments’ investment in these natural resources, though with China, experience has shown that determining whether or not a company is state-owned has been difficult. Critical minerals, which include lithium, cobalt, copper, as well as the…
Chinese Real Estate Giant Country Garden Downgraded to ‘Hold’ with Debts Risks
China’s largest private-sector developer, Country Garden (02007.HK), was recently downgraded from investment level due to its sluggish cash flow, closing to a debt default. The real estate giant has launched several rounds of self-help efforts since last year, including cutting the annual salary of its founder by 97 percent. HSBC Research in an October report…
Tibetan Businessman Condemns Chinese Regime for Long Lockdowns
A business owner in Tibet who was infected with COVID-19 in September condemned the Chinese regime’s draconian zero-COVID policies as the “biggest hindrance to people’s livelihood” and demands relaxation of the lockdown measures. Xiao Qiang (pseudonym) is a resident of Lhasa, the seat of China’s western region of Tibet. He owns a motorcycle sports club…
Private Sector Delegates Halved at 20th Congress, Sign of Xi Implementing New Planned Economy Model
Commentary At the recently concluded 20th Congress of the Chinese Communist Party (CCP), the number of representatives of private entrepreneurs was reduced by nearly half from the already small number 10 years ago—the latest sign that China’s economic system is moving back toward a planned economy version 2.0, a modern model echoing the Mao era….
Japanese Companies Assess Cost of Decoupling From China’s Supply Chain
October 31, 2022
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Asia & PacificBusiness & MarketsBusinesses in COVID-19ChinaChina Business & EconomyCompanieseconomic policieshondaInternationalInternational RelationsJapanU.S.-ChinaWorld
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More Japanese companies are considering weaning themselves from Chinese supply chains after more than 2,000 of them have withdrawn from China since COVID-19. Some 26 percent of Japan’s total imports came from China in 2020, and while Japan may still have close economic ties with China, tensions between Washington and Beijing amid international tensions have…
Chinese Manufacturing Weakens, Adding to Economic Pressure
BEIJING—Chinese manufacturing weakened in October, an official survey showed Monday, adding to downward pressure on the economy as the ruling Chinese Communist Party (CCP) tries to reverse a slowdown. A monthly purchasing managers’ index declined to 49.2 from September’s 50.1 on a 100-point scale where numbers below 50 indicate activity contracting, according to the CCP’s…
Markets React Badly to CCP Congress
October 31, 2022
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20th National CongressAnalysisAsia & PacificChinaChina Business & EconomyOpinionThinking About ChinaWorldXi
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News Analysis The reshuffle of the Chinese Communist Party (CCP) leadership and Xi’s speech to the 20th party congress in China has spooked investors, compounding an already suffering economy with no relief in sight. On Oct. 24, markets reacted to the closing of the CCP’s 20th National Party Congress. Foreign investors sold $2.5 billion of Chinese stocks through Hong…
Beijing’s Unusual Delay in Releasing Economic Numbers Fuels Speculation
China’s Bureau of Statistics finally released third-quarter economic data on Oct. 24, after an unusual delay prompted speculation about the state of its economy. The numbers were originally scheduled to be released during the 20th National Congress of the Chinese Communist Party (CCP), which ran Oct. 16–22. Authorities postponed the release of key data such…
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