Recently introduced Trade in schemes I guess
Chinese Economics Thread
- Thread starter Norfolk
- Start date
Some data from May stats, retail sales have picked up. Industrial production still stable even with the ongoing trade war:
From the same twitter thread, copying some more data points:
Retail:
In May, China's total retail sales were recorded at 4.1326 trillion yuan, up 6.4% y/y
Retail sales of goods were 3.6 trillion yuan, which rose by 6.5%y/y.
Total revenue for the catering industry was 457.8 billion yuan, which rose 5.9% y/y.
*Online goods sales jumped by 6.3% y/y to 4.98 trillion yuan, supported by nationwide subsidies.
Real estate:
Jan-May real estate development investment fell by 10.7% y/y to 3.62 trillion yuan.
Residential housing sales areas decline worsened to -2.9% y/y(from 2.8%) at 353.15 million square meters, and the total sales down by 3.8% y/y to 3.41 trillion yuan. (worsened)
Developing funds in place down 5.3% y/y(marginally expanded) to 4.02 trillion yuan.
Sentiment 93.72
Fixed-asset:
Jan-May nationwide fixed-asset investment increased by 3.7% y/y to 19.2 trillion yuan.
The investments in mining rose 5.8% y/y, and the manufacturing industry rose 8.5% y/y, power & water supply +25.4% y/y.
Infrastructure +5.6%y/y, hydraulic engineering +26.2%, air transport +4.7%, railway +2.3%.
Excluding the property sector, fixed-asset investment expanded by 7.7% in the first five months of the year.
Retail:
In May, China's total retail sales were recorded at 4.1326 trillion yuan, up 6.4% y/y
Retail sales of goods were 3.6 trillion yuan, which rose by 6.5%y/y.
Total revenue for the catering industry was 457.8 billion yuan, which rose 5.9% y/y.
*Online goods sales jumped by 6.3% y/y to 4.98 trillion yuan, supported by nationwide subsidies.
Real estate:
Jan-May real estate development investment fell by 10.7% y/y to 3.62 trillion yuan.
Residential housing sales areas decline worsened to -2.9% y/y(from 2.8%) at 353.15 million square meters, and the total sales down by 3.8% y/y to 3.41 trillion yuan. (worsened)
Developing funds in place down 5.3% y/y(marginally expanded) to 4.02 trillion yuan.
Sentiment 93.72
Fixed-asset:
Jan-May nationwide fixed-asset investment increased by 3.7% y/y to 19.2 trillion yuan.
The investments in mining rose 5.8% y/y, and the manufacturing industry rose 8.5% y/y, power & water supply +25.4% y/y.
Infrastructure +5.6%y/y, hydraulic engineering +26.2%, air transport +4.7%, railway +2.3%.
Excluding the property sector, fixed-asset investment expanded by 7.7% in the first five months of the year.
Rare footage showing Xi & Putin on a Chinese high-speed train. 
This is an old footage. I mean, just look at the person who waved his fingers to let the camera person inside the car where the 2 respective leaders are situated, it's none other than the disgraced, QIN "HORN DOG" GANG!!Rare footage showing Xi & Putin on a Chinese high-speed train.
Pravda in 1989 moment for these cucks.
My write up here of China's dominance in global supply chain. Today, the topic is synthetic fiber, specially the polyester fiber.
The whole Qin Gang affair shows just how strict the discipline aspect of the SeeSeePee is. Across the pond politicians can get away with ritualistic extramarital orgies involving several dozens of under aged girls and not only is it not illegal, but it is expected as proof of loyalty to the globalist deepstate. The next time you see European politicians throwing away trade deal with China at Trump’s behest even though the deal is mutually beneficial, you’ll know why!