“中国沉没” - The Sinking of China

[k1976]

Many many successful peepur here to plan how to huat big big next step...dun miss the boat

 

[winners]

S8ngapore need more Winners like u, Bro

You can also be like me. Just need to have a well thought plan during your career life.

 

[k1976]

In contrast, economists took a dimmer view of manufacturing, as well as accommodation and food services. The median forecast for the latter declined slightly to 2.9 per cent, from 3.1 per cent in the previous survey.

Manufacturing is expected to record the lowest growth among the sectors, at 0.6 per cent. This is down from 1.6 per cent in the last survey in June, and 4 per cent in the March survey.

In line with poorer expectations for manufacturing, the growth forecast for non-oil domestic exports worsened to 3 per cent, from 4 per cent in June.

https://www.businesstimes.com.sg/si...es-2-6-manufacturing-expectations-fall-survey

 

[k1976]

.

Eyes on external growth​

As for risks to economists’ current forecasts, external growth conditions became the most-cited consideration, both on the downside and on the upside.
An external growth slowdown was mentioned as a downside risk by 73.3 per cent of respondents. This was up from 50 per cent in June’s survey, where it tied with China’s weaker growth as the most-cited downside risk.
An external growth slowdown was also the most-cited top risk to the economy in September, with 40 per cent of respondents in the latest survey flagging it as such.
China’s weaker growth is now tied with spillovers from geopolitical tensions – the most-cited risk in June – as the second-most frequently cited downside risk, by 66.7 per cent of respondents.
The risk of tighter financial conditions was also flagged by 26.7 per cent of economists surveyed.
For upside risks, better-than-expected external growth was cited the most, by 73.3 per cent, up from 64.3 per cent in June. Some 40 per cent of respondents also thought this was the top upside risk.
The other key upside risks were more robust growth in China, raised by 66.7 per cent, and the faster-than-expected tech cycle recovery, raised by 60 per cent.

 

[JurongEast]

There are many unsold houses at 雄安

 

[Dr Christopher Cheok C S]

I logged on specifically to upvote your post.

Thank you big bro

 

[k1976]

Indeed, China has been known as a market with consistently short booking windows, according to a report by the World Travel & Tourism Council in 2021. In 2019, 70% of hotel bookings on travel agency Trip.com were made within three days of check-in. This ratio rose above 80% in the first two years of the pandemic, due to the high uncertainty of travel restrictions during the pandemic.

In July, Marriott International lowered its growth forecast for revenue per available room for this year, citing “current weak demand and pricing trends” in China.
That pricing pressure is reflected across the industry including at domestic travel booking agency Trip.com, which reported average rates for domestic hotels and flights continued to decline this year.

During the Labor Day holiday in May — one of the country’s longest breaks of the year — China saw more domestic trips and tourism spending than in 2019, according to the Ministry of Culture and Tourism. But the average spending per traveler is still below 2019 level

The trend of people opting for short-haul trips to smaller cities or counties will continue, Oxford Economics said, which could boost these local economies.
Travel demand during the upcoming Golden Week in early October is expected to surpass the 2019 level, the economists said.

When asked about the outlook for the second half of the year, Trip.com CFO Xiaofan Wang said the company had “very limited visibility due to the short booking windows.” The platform expects booking activities to pick up after the National Day holiday, given a lower base in the same period last year, it said.

 

[Dr Christopher Cheok C S]

Falling Chinese Steel Prices Send Ripples Through Global Markets​

https://oilprice.com/Metals/Commodi...ices-Send-Ripples-Through-Global-Markets.html

China’s real estate sector, which accounts for a significant portion of steel consumption, witnessed a decline in new projects as government-imposed restrictions on developer financing weigh heavily on the market. This has significantly reduced demand for h-beam steel and steel rebar, essential components for heavy-duty construction. For Chinese steel rebar, prices dropped by about 7% through August and early September. Meanwhile, the ongoing weak domestic demand is causing an oversupply situation that has spilled into global markets

 

[congo9]

There are many unsold houses at 雄安

Yes. All the rural folks can bring themselves to stay with 雄安。Bring all the 3 generation together and stay there.

Winnie Xi shall reward these peasants.

 

[congo9]

https://www.ft.com/content/a4821d26-784f-46cc-8286-19c7afdb2ed1

China urges to spend USD 1.4 trillion to battle deflation

 

[k1976]

The Fed Is Making Hong Kong’s Billionaire Landlords Anxious​

Property tycoons are eager for bigger and faster US rate cuts to facilitate refinancing and avoid fire sales.


September 12, 2024 at 5:00 AM GMT+8
By Shuli Ren

Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. A former investment banker, she was a markets reporter for Barron’s. She is a CFA charterholder.

Commercial owners need to refinance.
Photographer: Lam Yik/Bloomberg
Save

Among those looking forward to the Federal Reserve’s interest rate cuts, few are as anxious as Hong Kong’s property tycoons who are now dealing with sluggish home sales, empty office buildings, and mutinous tenants demanding lease renegotiations.

About 60% of listed property companies’ debt is borrowed at floating rates. Banks charge New World Development Co. an average 1.1% to 1.2% over Hibor, whose movements track the fed fund rate because of the Hong Kong dollar peg.

A 1 percentage-point rate cut can save Chief Executive Officer Adrian Cheng, a third-generation heir from a tycoon family, HK$1.1 billion ($141 million) and improve earnings by a third, according to Morgan Stanley estimates.

New World, one of Hong Kong’s most indebted developers, paid HK$2.5 billion in financing costs in the second-half of 2023, eroding 44% of the firm’s operating profit.

 

[Dr Christopher Cheok C S]

​

 

[Dr Christopher Cheok C S]

Entrepreneurship in China have collapsed​

 

[k1976]

China is now like Murika in 1928 or Nippon 1990. They need to choose carefully which route is BEST and Substainable

 

[k1976]

That is why many 中国小姐 are forced to become tourists to visit Singapore and moonlighting as masseurs

Earm good $$$$ from Five Zero High Hands

 

[k1976]

how you know ?

Hu JinTao and Wen JiaBao authorized the mega stimulus that help to boost China all the way until 2017-18

https://www.google.com/amp/s/amp.sc...-jintaos-legacy-seen-one-stability-stagnation

 

[k1976]

many years also many countries thought that they cannot survive without China market.

However, situation is so different now and many us already surviving without China market

Apple survives without China and producing iPhone 16 in india

Singapore and Taiwan survive without the huge influx of Chinese tourists

Many many Big Bosses and VVIPs tio lure into China in 2011-18 after China Miracle Recovery from 2008-10 Great Recession.

 

[JurongEast]

Hu JinTao and Wen JiaBao authorized the mega stimulus that help to boost China all the way until 2017-18

https://www.google.com/amp/s/amp.sc...-jintaos-legacy-seen-one-stability-stagnation

Many of their stimulus projects only enrich the rich and they are now super white elephants now. Such as unsold condos, under utilised mega projects etc

 

[k1976]

Many of their stimulus projects only enrich the rich and they are now super white elephants now. Such as unsold condos, under utilised mega projects etc

The princelets and eight immortals

 

[k1976]

Many of their stimulus projects only enrich the rich and they are now super white elephants now. Such as unsold condos, under utilised mega projects etc

All including Office Bulldings, shopping mall and warehouses are offloaded to Rich Savvy Overseas Investors in record good prices in 2010-2018