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China, relevante Meldungen - Die letzten 30 Beiträge


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Chinas Wirtschaft mit schwächstem Wachstum seit Finanzkrise
Peking (Reuters) - Mitten im Handelsstreit mit den USA schwächelt die chinesische Konjunktur. Das Bruttoinlandsprodukt (BIP) legte von Juli bis September wegen der nachlassenden Dynamik in der Industrie nur noch um 6,5 Prozent zum Vorjahreszeitraum zu.

Das ist das kleinste Plus seit dem Höhepunkt der weltweiten Finanzkrise Anfang 2009. Die Regierung in Peking sieht ihr Wachstumsziel für das laufende Jahr aber nicht in Gefahr. Experten erwarten allerdings, dass sie 2019 im Zusammenspiel mit der Zentralbank zu Konjunkturhilfen greifen wird, da dann erst die US-Strafzölle ihre volle Wirkung entfalten dürften.

“Von außen kommen Unsicherheiten für unsere Bemühungen, das Wachstum zu stabilisieren”, sagte ein Sprecher des Statistikamtes am Freitag unter Anspielung auf den von US-Präsident Donald Trump entfachten Handelskonflikt. Die beiden größten Wirtschaftsmächte der Welt überziehen sich seit Monaten mit Strafzöllen. “Wir sind aber in der Lage, das Ziel von etwa 6,5 Prozent Wachstum im Gesamtjahr zu erreichen”, ergänzte der Sprecher. In den ersten drei Quartalen lag das Plus mit 6,7 Prozent über der Zielmarke. Auch für 2019 zeigte sich die Regierung zuversichtlich.


Wenn man über die Zollgeschichte nachdenkt ist der Staat der Gewinner und der Endverbraucher der Verlierer.
China plans to slash import tariffs, to soften blow of trade war
on: September 21, 2018In: Brief, Consumer, Economics & Trade, Transport & LogisticsTags: No Comments
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"China is lining up a broad reduction on import tariffs for the majority of its trading partners as early as next month, sources told Bloomberg, as Beijing looks to offset the impact of escalating trade tensions with the US.

The sources did not provide details on what products will benefit from the tariff cut or whether any US goods will be included on the list. However, under WTO rules, any change to a country’s tariff policy must be equally applied to all countries.

“This is in line with China’s longstanding strategy of opening,” said Nicholas Lardy of the Paulson Institute. “It has the additional advantage that it will make US firms complain more loudly that Trump’s strategy is blocking their access to the China market.”

China is also looking to make importing and exporting from China an easier process. At a State Council meeting on Wednesday, Li Keqiang called for reductions in application processing time and more available export insurance for Chinese companies."
China axes family-planning departments, as birth-limit reform looms
on: September 12, 2018In: Brief, Economics & Trade, Politics & SocietyTags: No Comments
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"China plans to merge three departments tasked with pushing forward the government’s family-planning policies into one new branch, the Wall Street Journal reports. The move could indicate that Beijing is moving toward a further easing of the country’s birth limits.

The new Population Monitoring and Family Development Department will take on the remit of the previous agencies, the National Health Commission said.

China ended its one-child policy in 2016 in favour of a two-child limit in an attempt to increase the country’s birth rate, but the results have not lived up to expectations. Only 1.3 million more babies were born in the year following the debut of the new policy, according to the National Bureau of Statistics, less than half the government’s target.

China faces the threat of population crisis brought about by an aging population with a lack of young people to support them. Some analysts believe that limits could be abolished entirely as early as the end of 2018."
Rising food prices push up inflation in China
on: September 11, 2018In: Agriculture, Brief, Economics & TradeTags: No Comments
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"Consumer inflation accelerated in China last month following a bout of unforeseen agricultural disruptions, including the outbreak of African swine fever in several provinces.

The headline consumer price index increased to 2.3% year-on-year (y/y) in August from 2.1% in July, driven largely by a pick-up in food price inflation from 0.5% y/y to 1.7%.

The main driver was a significant jump in pork prices as outbreaks of African swine flu from farms across China continued to make headlines. Thirteen cases of the disease have now been confirmed in six geographically unconnected provinces. State officials have reportedly culled some 40,000 hogs to contain any further spread of the fever.

Also pushing up prices in August was the fallout from severe flooding in the eastern province of Shandong, sometimes known as China’s “home of vegetables” due to its large agricultural sector. The extreme weather has taken its toll on the country’s crop-growing outlook and pushed up vegetable prices by 9.0% y/y.

Producer prices grew at 4.0% y/y, the change coming from consistently high oil and steel prices. This was a month-on-month increase from July but a slight softening on a yearly basis due to a high base for comparison during last year’s second half."
China considers merger of state telecoms giants
on: September 05, 2018In: Brief, Politics & Society, Tech, Media & TelecomTags: No Comments
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"A landmark merger between two of China’s three state-backed wireless carriers could be in the pipeline, sources told Bloomberg, a move which could boost the country’s 5G capacity in its race against the US for global leadership.

The fusion of China United Network Communications Group Co. and China Telecommunications Corp. is already being considered by government regulators, the sources said. The merged entity would boast a customer base of over 590 million, making it the second largest mobile operator in the world behind China’s other major player, China Mobile.

The deal is being posited as a potential catalyst for the government’s 5G ambitions, with a larger firm benefiting from scale efficiencies in terms of technology investments, according to the sources. The technology has moved to the forefront of tensions between China and the US, with President Donald Trump blocking Broadcom’s buyout proposal of chipmaker Qualcomm earlier in the year on the grounds that the deal might lead to the US company reducing its R&D spending.

Executives from both companies have been reluctant to provide updates on the progress of the deal, most recently denying knowledge of any merger taking place."
Chinese solar company tells local government to pay its debts
on: August 29, 2018In: Banking & Finance, Brief, Business Practice, Economics & Trade,

"China’s tightening credit conditions are leading to more private companies becoming increasingly vocal in their calls for local governments to repay their debts, reports the Financial Times.

The FT cites the case of Huang Ming, CEO of leading Chinese solar company Himin Solar, who took the unusual step of publicly calling out local officials by name:eek::eek::eek: and telling government authorities to compensate his company for the $400 million it spent building facilities for a solar conference.

Leading property and construction entrepreneurs have also called on local governments to repay their debts in recent months. Analysts say that the fact that private companies are daring to confront local officials is likely a sign that firms are finding it increasingly difficult to access financing.

Himin Solar has struggled in recent years after rooftop solar boilers—the company’s main product—went out of fashion in China, with consumers and developers opting for electric and gas systems. The company’s profits declined by well over three-quarters between 2008 and 2011, according to the FT."
Beijing launches inspections, to check provinces are implementing central policies

on: August 21, 2018In: Brief, Business Practice, Economics & Trade, Investment, Law & Regulation, Politics & SocietyTags: No Comments

"China’s central government will launch a series of “targeted inspections” of local governments across the country to make sure that local officials are correctly implementing Beijing’s policy directives, Reuters reports.

The inspectors will focus on policy issues that are considered priority areas by Beijing,
such as measures to tackle poverty and pollution, promote innovation and revitalize rural areas
, according to Xiao Jie, secretary general of the State Council.

Beijing has been ramping up efforts this year to crack down on “perfunctory” or “formalistic” implementation of policy at the local level, where officials water down the substance of central policies because they worry about the potential impact on jobs and economic growth in their regions."
Antwort auf Beitrag Nr.: 57.995.445 von Popeye82 am 15.06.18 16:07:16Fashion labels shift production from China to Cambodia, to avoid US tariffs

on: August 21, 2018In: Brief, Business Practice, Consumer, Economics & Trade, Investment,

"Global fashion companies are accelerating plans to diversify their manufacturing operations away from China to Southeast Asian countries including Vietnam and Cambodia due to the threat of US tariffs on Chinese imports, Bloomberg reports.

Nearly 70% of fashion industry executives say they plan to reduce the percentage of their products sourced from China over the next two years and name US trade protectionism as the largest challenge facing the industry, according to a recent study by the US Fashion Industry Association.

Cambodia is particularly attractive to many companies because it has retained tariff-free access to the American market for many products.

Steven Madden already makes 15% of its handbags in Cambodia and plans to double this percentage by 2019, the company’s CEO Edward Rosenfeld said during a recent earnings call.

“That gives us frankly about a three-year head start on most of our peers, because many folks are just now trying to make that move,” Rosenfeld said."
Beijing housing rent is skyrocketing

on: August 21, 2018In: Brief, Business Practice, Consumer, Economics & Trade, Law & Regulation, Politics & Society, PropertyTags: No Comments

"Beijing tenants have seen their monthly rent rise by around a quarter in 2018, the Financial Times reports.

According to a new report by property search website Zhuge, rental costs in the capital are up 25.6% year-on-year on average as of the end of July, and some areas have seen rises of up to 40%.

According to the FT, a possible cause of the rapid rises are the ubiquity of property agencies in Beijing that dominate the rental market through sublease contracts. Caixin has also published an editorial condemning the unscrupulous behavior of agencies and landlords that tear up contracts and demand steep increases in rent, with tenants afforded inadequate protection through legal channels."
China rolls out credit guarantee fund, for small business
on: August 09, 2018In: Banking & Finance, Brief, Economics & Trade, MarketsTags: No Comments
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"China has launched a multi-billion dollar credit guarantee fund to aid the channelling of funds to cash-starved sectors of the economy, Caixin reports.

The National Financing Guarantee Fund will kick off with starting capital of Rmb 66.1 billion ($9.7 billion). The country’s Ministry of Finance is the fund’s largest shareholder with a 45% stake, with the remaining stakes distributed among 20 state financial institutions.

The fund is part of Beijing’s wider scheme to open more financing channels to small businesses, agriculture and innovative industries by using gains from equity investments to offer guarantees for loans. China’s State Council has estimated that the fund will provide guarantees on over Rmb 500 billion of loans over the next years."
China’s “Uber for trucking” plans $1 billion fundraiser
on: August 09, 2018In: Autos, Brief, Investment, Tech, Media & Telecom, Transport & LogisticsTags: No Comments
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"Chinese truck-hailing app Manbang is looking to raise $1 billion in a new funding round, sources told the Wall Street Journal.

Manbang – also known as Full Truck Alliance Group – is a platform that connects merchants looking to transport cargo with available truck drivers. It has been nicknamed China’s “uber for trucks” and has attracted the previous backing of the likes of SoftBank and Alphabet Inc.

The funds raised will go towards expanding Manbang’s China business, as well as potential domestic acquisitions in industries such as autonomous trucking, according to one source.

Should the new round be successful, the Guiyang-based company’s valuation will stand at $10 billion, shooting up from $6 billion following a previous fundraising round in April this year where it gathered $1.9 billion in investment."
China proposes 10-step approach, to curb P2P risk
on: August 13, 2018In: Banking & Finance, Brief, Law & Regulation, MarketsTags: No Comments
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"Beijing has responded to the recent crisis in the country’s massive peer-to-peer (P2P) lending market with the laying out of 10 measures aimed at re-establishing financial stability, state media reports.

The proposed measures include a ban on local authorities, who oversee the administration of new financial services in their region, from allowing any new P2P platforms to open, state-run Xinhua said. Local governments should also set up “communications windows” with investors and to assist with compliance inspections.

Any borrower who tries to avoid P2P loan repayments will be included on a blacklist in China’s social credit ratings system.

China’s Rmb 1.49 trillion ($217.96 billion) P2P lending market was hit with a wave of closures in recent months with many investors finding themselves unable to withdraw their deposited funds and in some cases even contact company managers. Last week several hundred angry investors planned a protest in Beijing’s financial district, but this was quickly quelled by law enforcement."
US Senate passes bill, to cut tariffs on Chinese goods
on: July 27, 2018In: Brief, Economics & Trade, Politics & SocietyTags: No Comments

"Despite no signs from the White House of easing trade tensions with Beijing, the US Senate has passed a substantial bill to cut tariffs on hundreds of consumer and industrial imports from China.

The house unanimously passed a bill that would significantly lower trade barriers on around 1,660 products shipped into the US, nearly half of which are produced in China, according to Reuters’ analysis.

The bill – nicknamed the “miscellaneous tariff bill” – has now been passed by both houses and will shortly be sent to the President’s office for final approval. The White House has not spoken publicly about the bill.

News of the measure was welcomed by some industry members who benefit from importing the products for their own businesses. The US National Association of Manufacturers said that at present the tariffs cost American firms up to $1 million a day.

“It makes no sense because it is a direct and punishing tax on making things in America and for creating jobs in America,” said Jay Timmons, the association’s president."

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