Chinese Economics Thread

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SanWenYu

Captain
Registered Member
Nothing significant but an interesting news related to the Chinese Economy topic more or less: AIIB recently approved a 1B USD loan to the Henan province of China for recovery from the flood that happened earlier in July this year. The loan is for "the province to repair the infrastructures damaged in the flood, to improve disaster and emergency response systems, etc. etc."

The news report did not say why the loan is in US dollars though. Maybe that's just how the bank counts its beans?

I have it in Chinese only:
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"亚投行董事会已于近日批准了10亿美元贷款，用于支持中国河南省特大暴雨的紧急灾后重建。贷款资金将用于河南省郑州市、新乡市、焦作市等受灾情况较为严重城市的水利、交通和市政基础设施等领域的恢复重建，并将支持当地提高防灾减灾救灾和应急管理能力、增强基础设施保障和防御能力、提升城市内涝防治水平、改善重点流域生态环境。"
 
PiSigma

PiSigma

"the engineer"
Crang said:

China Fund Manager Reaping 109% Is a Die-Hard Renewables Fan​

Bloomberg News
November 28, 2021, 5:00 AM GMT+8
  • Cui Chenlong has been betting on batteries, solar power shares
  • Beijing’s carbon neutral goals have buoyed sentiment on sector

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As you guys know I work in an LNG company in charge of research on lithium, hydrogen, solar+storage and wind+storage. Consult me for stock picks ;););)

The future is ahead of us!
Click to expand...
Show me the way!! What to buy? Preferred ETFs
 
L

LesAdieux

Junior Member
GeopolMacro said:
Data firm IHS Markit said on Tuesday its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, fell to a reading of 56.5 in mid-November from 57.6 in October. A reading above 50 indicates growth in the private sector.

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it's not comparable. just check the rosy PMI reported by the US in Q3, and the meager GDP growth rate, you see what I mean, some people just feel good about themselves.
 
O

Overbom

Brigadier
Registered Member
LesAdieux said:
it's not comparable. just check the rosy PMI reported by the US in Q3, and the meager GDP growth rate, you see what I mean, some people just feel good about themselves.
Click to expand...
There is also high inflation.
Lol at the single digit inflation reported.

From what I have read, housing/food/fuel already have a 2-digits increase. The US is cooking the numbers once again
 
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