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☆ There are both cyclical and structural factors behind China’s high youth unemployment rate: HSBC
▼ + stars: | 2023-07-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere are both cyclical and structural factors behind China’s high youth unemployment rate: HSBCJing Liu of HSBC says one factor behind China's high youth unemployment rate is the mismatch between what jobs are available in the market and what young job seekers are looking for.

Persons: HSBC Jing Liu Organizations: HSBC

☆ Instant View: China's Q2 GDP growth slows to 0.8% q/q, raises stimulus expectations
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +11 min

"Consumers are not spending, mainly driven by the bleak outlook for the property market. Disappointing retail numbers and property market sales show it doesn't seem that the boost from rate cuts is sufficient. ..the property market is beginning another slowdown - the government will have to come up with more stimulus for property." "Nonetheless, we think more stimulus is required to stabilise and restore confidence in the property market." ZHIWEI ZHANG, CHIEF ECONOMIST, PINPOINT ASSET MANAGEMENT, HONG KONG"Nominal GDP growth turns out to be lower than real GDP growth in Q2, the first time since comparable data are available in Q4 2016.

Persons: CHRISTOPHER WONG, LOUIS KUIJS, CAROL KONG, XING ZHAOPENG, KEN CHEUNG, ALVIN TAN, VISHNU VARATHAN, MARCO SUN, CHEN, TONY SYCAMORE, ZHIWEI ZHANG, JING LIU Organizations: Gross, National Bureau, Statistics, Shanghai, NBS, BANK OF, ANZ, MIZUHO BANK, OF, OF ASIA FX, RBC, MUFG BANK, IG, SYDNEY, Friday's, BANK OF SINGAPORE, HSBC, stoke, Authorities, Reuters, U.S, Thomson Locations: U.S, SINGAPORE, ASIA, HONG KONG, SYDNEY, CHINA, SHANGHAI, OF ASIA, China

☆ China fixed-asset investment approvals almost doubled in 2022 to $218 bln
▼ + stars: | 2023-01-18 | by ( Joe Cash | ) www.reuters.com time to read: +2 min

BEIJING, Jan 18 (Reuters) - China's state planner approved 1.48 trillion yuan ($218.35 billion) worth of fixed asset investment projects in 2022, nearly double the value from the previous year, as authorities geared up to support the COVID-hit economy. Looking to 2023, the NDRC spokesperson remarked that the country's economic recovery remains complicated given that China must grapple with shrinking demand, supply chains shocks and turbulence in the global economy. China's exports shrank sharply in December as global demand cooled, contracting 9.9%, while imports fell by a more modest 7.5%. Officials also addressed the country's grain supply, commenting that the NDRC could ensure the safe supply of grain despite the challenges the market is facing. Reporting by Joe Cash and Shen Yan; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ China's yuan could get a boost as Covid measures ease, says BK Asset Management
▼ + stars: | 2022-12-09 | by ( Jihye Lee | ) www.cnbc.com time to read: +2 min

watch nowThe Chinese yuan significantly strengthened in the past few days as China announced further easing of its Covid control measures. However, it quickly recovered to 6.96 within about a month as Chinese health authorities continued to announce further easing measures. "That will renew the demand for the Chinese yuan and drive the yuan even higher than it is right now." Beijing has been rolling back the restrictions "pretty quickly," and the surge in demand for the yuan comes with a sooner-than-expected easing measures, Lien said. Woman holds Chinese Yuan banknotes in this illustration taken May 30, 2022.

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