Asia Pacific Stocks

Back to China econ news. This chart shows the extent foreign investment drops in China.

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I don’t have the competence to run a big nation. I don’t have experience running a city. I don’t have wisdom to make any valued assessment on whether they are doing right or wrong. Also, I don’t know how such events affect my life. So I don’t bother to follow such news.

Today’s bad news about China is plunging exports.
So whose economy is weakening?

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Guess you are implying the countries that use to import from China.

@manch is interpreting differently.

Is why I said…

The limits of my language means the limits of my world.

I see you didn’t read the news at all.

China said Tuesday that exports fell by 14.5% in July from a year ago, while imports dropped by 12.4% in U.S. dollar terms.

Imports were expected to have dropped by 5% during that time, according to the poll.

Imports was expected to drop 5% but instead dropped 12.4%.

Both the import and export numbers tell two sides of the same important story. Export is more tied to employment, and import tells how weak the Chinese consumption has become.

Import and export are related for manufacturing. Sure you do detailed analysis? I didn’t.

More nuance than that :slight_smile:

West MSM is not as slow this time. From Bloomberg:

China Health-Care Shares Plunge as Anti-Graft Campaign Widens

Cracking down on health-care is good for LT or not?
Does it mean fewer or no more fakes?
Does it mean no more illegitimate organs?
Does it mean cheaper health-care cost for ordinary citizens?
Does it mean wider access to health-care?
What does crack-down mean? What outcome is expected?

Crack down a whole sector while economy is dying and young people can’t get jobs? Sure it’s the right time regardless of supposedly benefits? Reminds me of the killing of the education sector. That sector used to employ tons of people but now mostly gone overnight. And before that the gaming sector.

Just do a smell test. Exports were expected by analysts to drop 12.5%. It dropped 14.5% instead. Estimate was not too far off. Imports were exported to drop 5% but instead dropped 12.4%. So estimate was off by 250%. If both the exports and imports decline were due to the same reason, ie manufacturing decline, how come imports estimate is so much more wrong than exports?

These estimates are done by top business schools graduates. Are MBA’s that dumb?

Eat more bitterness?

Don’t Be So Picky About a Job, China’s College Graduates Are Told

Under pressure from Beijing, Chinese schools have been told to do more to secure jobs for students, who are facing bleak prospects.

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They are not but your smell test is :face_with_peeking_eye:

Gen-z sickness.

If it means more jobs for young lazy generation-z?

Interesting and unbiased take from an MBA…

:thinking:

China in deflation. Japan 2.0, but much worse.

But don’t say the D word in China or you may risk going to jail. The D word is banned there.

Last week friend from China visited home and he said many don’t like Xi and they call him emperor secretly. He said Xi changed 10 year term to infinite which he doesn’t like. I was amazed how he was scared and checked the surroundings before saying the word Xi in USA!

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There is more and more discontent with Xi inside China. But I am not optimistic any changes are coming or people will revolt in any meaningful way. Chinese people are too docile. They are world champions at eating bitterness. And many have been brainwashed by Han nationalism. It’s like a Nazi state.

I too completely changed my outlook of China after Xi got rid of the term limit. It was obvious China will end up going back to the Mao days.

What happened since proved us correct.

China’s property bubble is popping.

Bloomberg: China’s Once-Top Builder Turns Into Penny Stock Amid Debt Woes

China’s Once-Top Builder Turns Into Penny Stock Amid Debt Woes

  • Country Garden on track to close below HK$1 for first time
  • The stock has fallen about 70% from Jan. peak, worst on HSI

Country Garden Holdings Co., formerly China’s largest developer by sales, has become a Hong Kong penny stock amid increasing scrutiny of its operations and mounting liquidity concerns.

The stock fell as much as 5.8% early Friday to HK$0.98, on course to close below HK$1 for the first time ever. It has tumbled about 70% from a January peak, the worst performer on the Hang Seng Index in that span. That’s shrunk its market value to just $3.5 billion from an all-time high of around $50 billion in 2018.

Country Garden’s fall from grace underscores how a persistent slump in property prices is weighing on some of China’s strongest private builders. Once considered relatively immune to the credit crunch, the Foshan-based developer has become a proxy for financial contagion in an industry that accounts for about a quarter of the country’s gross domestic product.