China's economy struggles?? Please check before writing!
China's economy is red hot.
China's GDP is $30 trillion PPP
5% growth = $1.5 trillion.
$1.5 trillion = more than the GDP of 192 countries.
$1.5 trillion = more than US + EU growth combined.
$1.5 trillion = 30% of global growth*.
YTD, Consumer sales have risen 7.3% YoY, fixed-asset investment 3.4%. The service sector gained 5.7%, and industrial output rose 3.7%. Urban unemployment was 5.3%, lower than last year's 5.4% Popeyes plans 1,700 new stores in China. Hilton to open 730 new hotels in China. Why? China's GDP growth rate is triple the US' & China's middle class is 400 million people. China is the largest #market on earth. “In Q2 2023, revenue growth of Alibaba, Tencent, Baidu, JD, Kuaishou, Bilibili, iQiyi were 13.91%, 11.32%, 14.87%, 7.6%, 27.88%, 8.05%, 17.21% respectively, corresponding net profit growth were 62.58%, 40.53%, 44%, 50.39%, 146.63%, 23% & 282.65%, much higher than revenue.”
The price of hedging China risk on world markets is unchanged. Investors with real money aren’t worried about China’s property market. Credit default swaps, a form of bond insurance that makes creditors whole after a default, are quoted in basis points .001%, above the cost of interbank funding. The cost of default protection on China traded Aug. 18 at 80 basis points, on the lower side of its historic range.
China's economy struggles?? Please check before writing!
China's economy is red hot.
China's GDP is $30 trillion PPP
5% growth = $1.5 trillion.
$1.5 trillion = more than the GDP of 192 countries.
$1.5 trillion = more than US + EU growth combined.
$1.5 trillion = 30% of global growth*.
YTD, Consumer sales have risen 7.3% YoY, fixed-asset investment 3.4%. The service sector gained 5.7%, and industrial output rose 3.7%. Urban unemployment was 5.3%, lower than last year's 5.4% Popeyes plans 1,700 new stores in China. Hilton to open 730 new hotels in China. Why? China's GDP growth rate is triple the US' & China's middle class is 400 million people. China is the largest #market on earth. “In Q2 2023, revenue growth of Alibaba, Tencent, Baidu, JD, Kuaishou, Bilibili, iQiyi were 13.91%, 11.32%, 14.87%, 7.6%, 27.88%, 8.05%, 17.21% respectively, corresponding net profit growth were 62.58%, 40.53%, 44%, 50.39%, 146.63%, 23% & 282.65%, much higher than revenue.”
The price of hedging China risk on world markets is unchanged. Investors with real money aren’t worried about China’s property market. Credit default swaps, a form of bond insurance that makes creditors whole after a default, are quoted in basis points .001%, above the cost of interbank funding. The cost of default protection on China traded Aug. 18 at 80 basis points, on the lower side of its historic range.
*(America's 1% growth = 9% of global growth).