OMG.... HK SCMP say Tiongkok Good Old Days are not coming back?

[k1976]

https://amp.scmp.com/economy/china-...-cuts-investment-delays-reopening-boost-wanes

 

[k1976]

China’s slowing economic recovery forces job cuts, investment delays as reopening boost wanes​

• Disappointing manufacturing activity, exports data and youth unemployment have added to China’s sluggish post-coronavirus economic recovery
• Manufacturers are cutting jobs, reducing operating costs and shutting down production lines, while investment and consumption is also slowing

 

[k1976]

China’s slowing economic recovery has added to Lin’s decision as disappointing manufacturing activity, exports data and youth unemployment failed to back up better-than-expected growth in the first quarter.


The world’s second-largest economy had shaken off Beijing’s restrictive coronavirus restrictions at the end of last year, but exports dropped to their second-lowest level since May 2022 last month, while factory activity contracted further to the lowest level since the end of last year.

 

[k1976]

“Traditional manufacturers I know saw their orders drop by 40 per cent or more so far, compared to the same period last year, and we feel more pessimistic with our expectations for the coming months,” said Wang Jie, an original design manufacturer focused on the footwear industry in Dongguan, Guangdong province.


“Take my factory for example, there will be no new orders at all starting next week.”

 

[k1976]

https://www.bloomberg.com/news/arti...onomy-with-business-leaders?srnd=premium-asia

 

[k1976]

China Holds Urgent Meetings on Economy With Business Leaders​

• Economists, foreign executives asked for ways to grow economy
• Tone of meetings described as pressing amid waning confidence

 

[k1976]

Subscribe






Politics

China Holds Urgent Meetings on Economy With Business Leaders​

• Economists, foreign executives asked for ways to grow economy
• Tone of meetings described as pressing amid waning confidence

WATCH: Chinese officials are said to be soliciting advice from economist and business leaders on how to revitalize growth and confidence. Stephen Engle reports.Source: Bloomberg
By

Bloomberg News
14 June 2023 at 17:18 GMT+8Updated on15 June 2023 at 07:22 GMT+8


Senior Chinese officials are soliciting
advice from business leaders and economists on how to revitalize the economy in a flurry of meetings attendees have characterized as unusually urgent in their tone.


Top officials have held at least six consultations in recent weeks with the executives, according to people present who asked not to be identified when discussing sensitive issues.

 

[k1976]

https://www-cnbc-com.translate.goog...html?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-US

 

[k1976]

China’s real estate slump predicted to last for years, threatening to spill into the wider region​

PUBLISHED TUE, JUN 13 20238:11 PM EDT
Jihye Lee@THEJIHYELEE
WATCH LIVE
KEY POINTS

• “We only assume an ‘L-shaped’ recovery in the property sector in coming years,” Goldman Sachs economists wrote in a weekend note.
• JPMorgan’s Tai Hui told CNBC, “I think that recovery is going to be slow, but I think there also a huge divergence between the state-owned developers versus the more private sector developers.”
• Morgan Stanley, in its mid-year outlook report, warned that further weakness in the property sector will likely bring more headwinds for China’s growth.

 

[k1976]

Weakness in China’s real estate sector could be a drag on the economy for years to come and could even impact countries in the wider region, Wall Street banks have warned.

“We see persistent weaknesses in the property sector, mainly related to lower-tier cities and private developer financing, and believe there appears no quick fix for them,” Goldman Sachs economists led by China economist Lisheng Wang said in a weekend note.

 

[k1976]

Goldman’s economists said the property market is expected to see an “L-shaped recovery” — defined as steep declines followed by a slow recovery rate.

“We only assume an ‘L-shaped’ recovery in the property sector in coming years,” they said.

 

[laksaboy]

Nothing like a good war to boost the economy and thin the herd of jiakliaobees. Two birds, one stone.

 

[k1976]

https://asia.nikkei.com/Business/Ma...-hunters-target-distressed-Chinese-properties


Many Sinki Huat Big Big Small Big Bosses chiong into China Property market to bao jiak all good bargain sale De woh

 

[k1976]

Singapore bargain-hunters target distressed Chinese properties​

Wave of developer defaults follows Beijing's crackdown on speculation

Tiagong a record of 1.9b worth of Tiongkok property are snapped up in Q4 2022....did they huat big big?

 

[k1976]

Singapore's CapitaLand bets $1bn on China's real estate​

State-backed firm targets commercial properties and data centers

A commercial building in Beijing that a CapitaLand fund has invested in will be remodeled into a luxury office building.

(Photo courtesy of CapitaLand)
MAYUKO TANI, Nikkei staff writerFebruary 24, 2023 01:14 JST

SINGAPORE -- CapitaLand Investment, Singapore's government-backed property portfolio manager, has launched two funds worth more than 1.6 billion Singaporean dollars ($1.1 billion) in equity, banking on a strong rebound of China's real estate market from zero-COVID lull.

One of the funds, worth SG$1.1 billion, will invest in office space and commercial real estate in China, the group said Thursday. The vehicle will focus on properties relinquished by financially distressed companies.

 

[k1976]

https://www.edgeprop.sg/property-ne...enefiting-china’s-reopening-cushman-wakefield

 

[k1976]

Southeast Asian property markets to rebound in 2023, benefiting from China’s reopening: Cushman & Wakefield​

By Jennifer Venkat
/ EdgeProp Singapore |

13 Apr 2023




Analyt

Home

>

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Southeast Asian property markets to rebound in 2023, benefiting from China’s reopening: Cushman & Wakefield​

By Jennifer Venkat
/ EdgeProp Singapore |
April 13, 2023 3:32 PM SGT

The Southeast Asian (SEA) economy is expected to grow by 4.7% in 2023, close to pre-pandemic average growth rates of about 5% annually, said Cushman & Wakefield in its Southeast Asia Outlook 2023 report. (Photo: Albert Chua/EdgeProp Singapore)

Join our Telegram channel and follow our Facebook for the latest update.
SINGAPORE (EDGEPROP) - The Southeast Asian (SEA) economy is expected to grow by 4.7% in 2023, close to pre-pandemic average growth rates of about 5% annually, said Cushman & Wakefield in its Southeast Asia Outlook 2023 report. This is expected to positively affect the region's property markets, which Cushman & Wakefield says are “poised to rebound” in 2023.
Key drivers for the rebound include China’s reopening following the pandemic as well as stronger trade growth across the Southeast Asian economies.“China’s reopening is a catalyst for Southeast Asian economies, given that China is a key export destination. Higher consumption demand out of China bodes well for regional commercial, industrial, and residential investments. Hotel and retail assets could also see the strongest uplift in the near term due to a strong tourism boost.” says Anshul Jain, Cushman & Wakefield’s head of Asia Pacific tenant representation and managing director, India and Southeast Asia.
The consultancy also has an optimistic outlook for the longer term, predicting that Southeast Asian property markets will see strong growth in the decade ahead. Positive drivers expected to contribute to the growth include increasing urbanisation fuelled by digital transformation, which will drive property demand in Southeast Asia. An increase in trade regionalisation will also drive regional investments, particularly in the logistics and industrial spaces.

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Other positive drivers include the faster institutionalisation of emerging Southeast Asian real estate markets, as development policies, ease of doing business and government effectiveness improve, especially in Vietnam and Indonesia.
Meanwhile, sustainability is a rising opportunity as major Southeast Asian economies set green building targets. Cushman & Wakefield highlight that the green building market could be worth US$20 billion ($26.53 billion) to US$25 billion by 2030.
“While the pace of economic growth differs across the markets, the Southeast Asian economy is huge and has the third largest population after China and India. Benefitting from current global trade trends and geopolitical environment, Southeast Asia offers a wide spectrum of investment opportunities as a fast-growing region,” says Jain.

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• Cushman & Wakefield CEO John Forrester to retire, succeeded by current COO
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• Top two strata office floors of TPI Building for sale at $30 mil

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Cushman & Wakefield brokers CapitaLand purchase of Beijing’s Suning Life Plaza


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Top two strata office floors of TPI Building for sale at $30 mil

 

[ChinaCommunistSG]

China factories are also moving to Hong Kong and brand their products as Made in Hong Kong

 

[laksaboy]

A trophy made in China.

 

[laksaboy]

China factories are also moving to Hong Kong and brand their products as Made in Hong Kong

I'm afraid that won't work. If China gets sanctioned, Hong Kong gets sanctioned too.