The People’s Bank of China reports that the combined domestic debt of corporations, households and the public sector increased last year to a level equivalent to 280 % of GDP (285 trillion yuan or 36 trillion euros), up from 255 % of GDP in 2019. When China’s foreign debt (which the PBoC estimates to be 14.5 % of GDP at the end of June) is included, total debt rises to about 295 % of GDP.
Due to the covid crisis and related measures, the debt-to-GDP ratios of many countries increased significantly last year. Figures from the Bank of International Settlements (BIS) for over 40 countries suggest China’s the increase in debt-to-GDP ratio from the start of 2020 to end of June was quite ordinary compared to the other countries. China’s debt-to-GDP ratio, nevertheless, is distinctly higher than in other emerging economies and on par with US and euro area, which have more developed financial markets.
China’s piling on of debt has long raised concerns among observers of the Chinese economy because rapid descents into indebtedness in other countries have typically led to major economic collapse or severe banking crises. Moreover, China was already engaged in efforts to bail out small and medium-sized banks before covid-19 struck, with so at least 500 billion yuan (BOFIT Weekly 40/2020) in public funds already expended. The lion’s share of Chinese debt exists in the form of bank loans taken by the corporate sector. During the covid pandemic, certain branches experienced significant declines in the ability of firms to service their debts. Stress tests released by PBoC in November showed that 10 of 30 banks were would fail even under the mildest stress scenario, which only assumed that GDP growth would be 1.6 % in 2020 and 7.8 % in 2021. The stress tests comprised all of China’s systemically critical banks.
Posted by treasurehunt > 35 minutes ago | Report Abuse
When typical chinese has nothing to back-up their view, this is what normally they would do to manupulate us thru their own understanding of moral or racial card hijacking our emotion feeling of guilty. Hahaha
You are right most of the CCP supporters trying to play race cards it manupulates all Chinese MUST support CCP. CCP does not represent 100% China. Communists and Socialists are not original from ancient China.
China is a land of geniuses, united, patriotic, well educated, hard working...those are not ingredients for failures. Those are ingredients for success.
Posted by IDQWE001 > 11 minutes ago | Report Abuse
Posted by treasurehunt > 35 minutes ago | Report Abuse
When typical chinese has nothing to back-up their view, this is what normally they would do to manupulate us thru their own understanding of moral or racial card hijacking our emotion feeling of guilty. Hahaha
You are right most of the CCP supporters trying to play race cards it manupulates all Chinese MUST support CCP. CCP does not represent 100% China. Communists and Socialists are not original from ancient China.
Unfortunately Xi screwed up the situation to form evil alliance with evil killer Putin. They pledged ‘changes not seen in 100 years’. ha .... evil killer dah missing for few days may be visiting his brother Xi.
China is a land of geniuses, united, patriotic, well educated, hard working...those are not ingredients for failures. Those are ingredients for success.
Posted by treasurehunt > 35 minutes ago | Report Abuse
When typical chinese has nothing to back-up their view, this is what normally they would do to manupulate us thru their own understanding of moral or racial card hijacking our emotion feeling of guilty. Hahaha
You are right most of the CCP supporters trying to play race cards it manupulates all Chinese MUST support CCP. CCP does not represent 100% China. Communists and Socialists are not original from ancient China.
Unfortunately Xi screwed up the situation to form evil alliance with evil killer Putin. They pledged ‘changes not seen in 100 years’. ha .... evil killer dah missing for few days may be visiting his brother Xi.
Ans: Evil Putin lost control his empire, before that all evil supporters believed that nobody could challenge him. The evil even could not control his private chef. His military forces even joined hand by hand with Wagner Chief, this is the consquence of power crazy dictator. This apply to CCP Xi.
osted by treasurehunt > 35 minutes ago | Report Abuse
When typical chinese has nothing to back-up their view, this is what normally they would do to manupulate us thru their own understanding of moral or racial card hijacking our emotion feeling of guilty. Hahaha
You are right most of the CCP supporters trying to play race cards it manupulates all Chinese MUST support CCP. CCP does not represent 100% China. Communists and Socialists are not original from ancient China.
Unfortunately Xi screwed up the situation to form evil alliance with evil killer Putin. They pledged ‘changes not seen in 100 years’. ha .... evil killer dah missing for few days may be visiting his brother Xi.
Evil Putin lost control his empire, before that all evil supporters believed that nobody could challenge him. The evil even could not control his private chef. His military forces even joined hand by hand with Wagner Chief, this is the consquence of power crazy dictator. This apply to CCP Xi.
Ans. Putin ran like headless chicken. He even could not control his chef, useless silly fool.
Posted by IDQWE001 > 12 minutes ago | Report Abuse
消费支出数据逊色 中国经济阴霾密布
CCP suck their local citizens blood greedy for US dollar and enjoy with girl friends. Pity citizens got no money to spend caused deflation. CCP bite their own bullets.
That silly fools not only a communist but also a Russian.
He could be a Russian Communist. CCP is the grandson of Russian Communist.
Both communists also love US dollars. Even Russia non communist also love US dollars that's why Wagner Chief house forfeited millions US dollar cash. Very sure evil Putin house will have much more US dollar than Wagnar Chief.
When typical chinese has nothing to back-up their view, this is what normally they would do to manupulate us thru their own understanding of moral or racial card hijacking our emotion feeling of guilty.
You are right most of the CCP supporters trying to play race cards it manupulates all Chinese MUST support CCP. CCP does not represent 100% China. Communism and Socialism are not original from ancient China. Those are rubbish from Europe culture.
When typical chinese has nothing to back-up their view, this is what normally they would do to manupulate us thru their own understanding of moral or racial card hijacking our emotion feeling of guilty.
You are right most of the CCP supporters trying to play race cards it manupulates all Chinese MUST support CCP. CCP does not represent 100% China. Communism and Socialism are not original from ancient China. Those are rubbish from Europe culture.
Billionaire Ray Dalio hails India as the next big investing opportunity, saying its economy is on the verge of a China-style rapid surge
Ray Dalio praised India's economic potential Thursday after meeting with the country's prime minister Narendra Modi. The Asian country is "at the brink of the fastest growth rates and biggest transformations in the world," the billionaire investor said. Tesla CEO Elon Musk also met Modi this week, pledging to ramp up the EV maker's presence in India.
Ray Dalio preferred India & Warren Buffett preffered Japan. Countries with strong and soild alliance, investors follow Ray Dalio & Warren Buffett can't be wrong.
China is a land of geniuses, united, patriotic, well educated, hard working...those are not ingredients for failures. Those are ingredients for success." ==============
You are right! That is why they successfully spread Covid virus all over the world and faced the consequences. They are indeed genie arses!
China is a land of geniuses, united, patriotic, well educated, hard working...those are not ingredients for failures. Those are ingredients for success." ==============
You are right! That is why they successfully spread Covid virus all over the world and faced the consequences. They are indeed genie arses!
When typical chinese has nothing to back-up their view, this is what normally they would do to manupulate us thru their own understanding of moral or racial card hijacking our emotion feeling of guilty.
You are right most of the CCP supporters trying to play race cards it manupulates all Chinese MUST support CCP. CCP does not represent 100% China. Communism and Socialism are not original from ancient China. Those are rubbish from Europe culture.
Chinese Industrial profit (YoY) (Jun) -12.6% Chinese Industrial profit YTD (May)-18.8%
Chinese shares ended with losses on Wednesday as sentiment was dampened by the renewed drop in industrial profits in May, underscoring the impact of the slowing economic recovery on the profitability of industrial firms in the country.
The benchmark Shanghai Composite Index fell marginally to 3,189.38. The Shenzhen Component Index edged down 0.5%, or 51.76 points, to 10,926.32. Both indices were back in negative territory after a brief breather on Tuesday.
Sentiment in the local equities market turned cautious after industrial profits in China slumped 18.8% year over year in the first five months of 2023 to 2.67 trillion yuan.
The renewed contraction came as the profit of the mining industry slipped 16.2% year over year, sharper than the 12.3% decline in the previous four-month running period, while that of the manufacturing industry plunged 23.7%, easing from the 27% decrease in the January-April period.
Of the 41 major industries in China, only 14 sectors recorded higher profits in the four-month period versus a year earlier.
S&P Global Ratings, in a report on Tuesday, said China is grappling with an uneven economic recovery.
“China's recovery momentum post-COVID is ebbing, waylaid by weak business and household confidence, and a slower global macro-economic backdrop. High youth unemployment and lingering property weakness further sour sentiment,” S&P said.
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New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2909 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by IDQWE001 > 2023-04-05 15:08 | Report Abuse
The People’s Bank of China reports that the combined domestic debt of corporations, households and the public sector increased last year to a level equivalent to 280 % of GDP (285 trillion yuan or 36 trillion euros), up from 255 % of GDP in 2019. When China’s foreign debt (which the PBoC estimates to be 14.5 % of GDP at the end of June) is included, total debt rises to about 295 % of GDP. Due to the covid crisis and related measures, the debt-to-GDP ratios of many countries increased significantly last year. Figures from the Bank of International Settlements (BIS) for over 40 countries suggest China’s the increase in debt-to-GDP ratio from the start of 2020 to end of June was quite ordinary compared to the other countries. China’s debt-to-GDP ratio, nevertheless, is distinctly higher than in other emerging economies and on par with US and euro area, which have more developed financial markets. China’s piling on of debt has long raised concerns among observers of the Chinese economy because rapid descents into indebtedness in other countries have typically led to major economic collapse or severe banking crises. Moreover, China was already engaged in efforts to bail out small and medium-sized banks before covid-19 struck, with so at least 500 billion yuan (BOFIT Weekly 40/2020) in public funds already expended. The lion’s share of Chinese debt exists in the form of bank loans taken by the corporate sector. During the covid pandemic, certain branches experienced significant declines in the ability of firms to service their debts. Stress tests released by PBoC in November showed that 10 of 30 banks were would fail even under the mildest stress scenario, which only assumed that GDP growth would be 1.6 % in 2020 and 7.8 % in 2021. The stress tests comprised all of China’s systemically critical banks.