Chinese Economics Thread

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ahojunk

Senior Member
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BEIJING - The total assets of China's banking industry reached 208.6 trillion yuan ($32.09 trillion) at the end of March, up 16.7 percent year on year, the country's banking regulator said on Thursday.

Gross liability stood at 192.5 trillion yuan, an increase of 16.1 percent year on year, according to a statement on the website of the China Banking Regulatory Commission.

The banking industry continued its credit support to farmers, small firms, and projects related to people's livelihoods during the first quarter.

Outstanding agriculture-related loans amounted to 26.8 trillion yuan at the end of March, up 9.2 percent year on year. Outstanding loans to small firms increased 13.5 percent from one year earlier to 24.3 trillion yuan.

Credit card consumer loans and loans to affordable housing projects soared 20.4 percent and 63 percent, respectively.

Risks in China's banking industry are generally controllable, the statement said.

Commercial banks' non-performing loans ratio rose to 1.75 percent at the end of March, up 0.07 percentage points from the end of December.

The banking sector posted steady profit growth during the first quarter. Commercial lenders raked in 471.6 billion yuan in profits from January to March, up 6.32 percent year on year, according to the statement.

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antiterror13

Brigadier
will be good to know also :
* Loan quality
* NPL (Non Performing Loan) rate

It seems the equity of Chinese banking sector is quite healthy 16.1 T Yuan from total asset 208.6 T Yuan or roughly 7.7% .... not sure what is the target, but 12% would be extremely strong

Most of biggest banks in China is SOE .... and 16.1 T Yuan equity is roughly US$2.5T ... huge number!!!
 
Equation

Equation

Lieutenant General
Well...well, more jobs and R&D for China.;) Can't blame "liberals" and "Brexit" on this one.

Tesla said to be working a deal to build $9 billion factory in China
By
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onJune 27, 2016, 8:35 AM
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Six months after Elon Musk
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his company planned to build a manufacturing plant in China, it appears that he has picked Shanghai for the location of the new $9 billion Tesla factory, according to a report in
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.

A “person with knowledge of the matter” who does not wish to be identified claims the government-owned Jinqiao Group has signed a non-binding agreement with Tesla to build the production plant in the Chinese municipality.

The deal could see both companies invest around 30 billion yuan ($4.5 billion) in the project, with the Chinese firm putting up land for most of its share. Bloomberg notes that if this is the case, the investment will be larger than Walt Disney Co.’s $5.5 billion Shanghai theme park.

Part of the reason Tesla requires a new manufacturing location is due to the huge demand for the upcoming Tesla Model 3, which received nearly 300,000
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just three days after being unveiled.

Basing the plant in Shanghai will allow Tesla to avoid China's 25 percent import tax, which it currently pays on every vehicle shipped into the country.

There’s still been no official announcement of the agreement. Shanghai Jinqiao Export Processing Zone Development Co, a publicly traded unit of Jinqiao Group, said its parent company hadn’t signed any documents relating to a Tesla factory in China, but shares in both firms increased following news of the rumored deal.

“This would be a major win for Tesla and Shanghai,” said Steve Man, an auto analyst at Bloomberg Intelligence. “The investment will probably include a nationwide dealership network, superchargers, R&D center and potentially a second ‘
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.”

Tesla spokeswoman Khobi Brooklyn said the company wouldn’t comment on “rumor and speculation.”
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Equation

Equation

Lieutenant General
antiterror13 said:
@Equation .... was high performance Intel CPU blocked by the US govt or Congress?
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Yep.

With Intel, it's no different -- the U.S. is interfering with the growth of its international business to bolster its position against China in the technological arms race. Strategies like these could force powerful countries like China to invest more in homegrown tech solutions, which would adversely impact U.S. tech firms' overseas revenues.
Click to expand...

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AssassinsMace

AssassinsMace

Lieutenant General

Makes one question the faith in democracy where one the primary champions of it in the world have voters with such an flaunting ignorance of the issues.

Anyone see the striking similarities with some attitudes in Hong Kong and the pro-Brexit crowd? Maybe not a coincidence after all. My bet we're going to hear some Hong Kong cutesy version on the term Brexit soon.
 
Equation

Equation

Lieutenant General
AssassinsMace said:

Makes one question the faith in democracy where one the primary champions of it in the world have voters with such an flaunting ignorance of the issues.

Anyone see the striking similarities with some attitudes in Hong Kong and the pro-Brexit crowd? Maybe not a coincidence after all. My bet we're going to hear some Hong Kong cutesy version on the term Brexit soon.
Click to expand...

The irony is that if those Hong Kong crowds that wanted a return to British rule they would have been in much worse economic situation.
 
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