Chinese Economics Thread

ZeEa5KPul

ZeEa5KPul

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As part of changing of the guard, the nation’s securities regulator is poised to get a new chairman nicknamed “the broker butcher,” people familiar with the matter said earlier. Wu Qing, a vice mayor of Shanghai, earned his reputation cracking down on wayward traders while at the regulator in the mid-2000s, shuttering 31 firms.
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That is so badass!
 
tphuang

tphuang

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Mobile broadband drives China's booming exports to the developing world. In January 2019, China exported $40 billion to the Global South and nearly twice as much, $74 billion, to the U.S. and Europe. By November 2022, the developing-world total had risen to $75 billion, matching China's exports to the U.S. and Europe that month. While China's exports shrank by 9 percent in dollar terms during 2022, exports to Southeast Asia surged by 20 percent.
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In just 3 years, the global south's importance to China match that of US/Europe. China's dependence exporting to the West is rapidly decreasing. This is important going forward when we think about possible protectionism and such
 
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