Posted by qqq47660 > 2023-07-18 16:09 | Report Abuse

over the next 30 years as America goes into decline, Japan and Korea will be torn apart as the two countries searches their long term direction. .... then , there will be trouble and divisions.

Posted by foongsh > 2023-07-18 17:10 | Report Abuse

Posted by IDQWE001 > 1 hour ago | Report Abuse

截止去年底，恒大负债总额2兆4374.1亿人民币（1兆 5419亿令吉). What a big achievement a developer could make such a huge loss almost equivalent to Malaysia total debt.

Exports and imports dropped, real estate bubles burst, new high jobless with bad debts is real deflation. This is called changes not seen in 100 years’ is coming to take over America. Lol.

Silly CCP Xi brought the country to wrong direction now is only starting and more to come.

Posted by IDQWE001 > 2023-07-19 04:11 | Report Abuse

Posted by IDQWE001 > 2 days ago | Report Abuse

Depositor is Helpless: Bank Converts Her 660K Yuan Deposit into Real Estate Bonds

https://youtu.be/3LfTAQA1dNI

Why after 1 or 2 years depositors still couldn't withdraw their money from banks ? CCP making use of depositors money FD to buy real estate bonds without depositors acknowledgement. Only happened in CCP and not 3rd world country.

Posted by IDQWE001 > 2023-07-20 10:57 | Report Abuse

Evergrande posts losses of $81 billion over two years as it reports long-delayed results

Hong Kong
CNN
—
Evergrande Group, the world’s most indebted property developer, has posted long-delayed financial results as a key part of its debt restructuring, which is shaping up to be one of the largest in Chinese corporate history.

The company reported losses attributable to shareholders of 476 billion yuan ($66 billion) and 106 billion yuan ($15 billion) for 2021 and 2022, respectively, according to a Monday stock exchange filing. Combined net losses for the two years amounted to 582 billion yuan ($81 billion).

What a big achievement world record losses in a single company.

Posted by qqq47660 > 2023-07-20 16:12 | Report Abuse

people like idq foong reminds me of Gordon Chang. But he is based in America and making big money from his lies. Whereas this idq/ foong is just useful id.oits.

Posted by qqq47660 > 2023-07-20 16:15 | Report Abuse

remnants from the century of shame. ...so used to l.ic.king white men balls. by next generation, there will be no more idq/ foong.

Posted by foongsh > 2023-07-20 18:53 | Report Abuse

CHINA ECONOMY
China’s real estate slump predicted to last for years, threatening to spill into the wider region
PUBLISHED TUE, JUN 13 20238:11 PM EDT

This is entire real estate sectors collapsed and not a single individual company, worse than 3rd world country. Try to avoid any property development in Malaysia involved those bad debts developers. However, those l.ic.king CCP such as qqq and silly supporters are suggested to buy more units. Don't be lip service and throw in your money to really prove that you go all out to support.

Posted by IDQWE001 > 2023-08-01 11:06 | Report Abuse

Country Garden shares slump after share sale scrapped

Shares of Chinese property giant Country Garden plunged as much as 10.8% in early trading on Tuesday after it scrapped a share placement to raise $300 million.

The firm had cancelled the fund raising plan, people with direct knowledge said, after its launch on Monday night.

Country Garden had planned to sell 1.8 billion shares at HK$1.30 per share, representing a 17.7% discount to Monday's closing price, a term sheet seen by Reuters showed on Monday.

Country Garden did not immediately respond to a request for comment.

Shares and bonds in Country Garden and its property services arm, Country Garden Services Holdings, have come under pressure recently due to liquidity concerns despite the company signing a dual-tranche loan deal earlier this month.

The home builder warned on Monday that it would post an unaudited net loss for six months ending June 30, compared with a net profit of 1,910 million yuan ($267.31 million) a year earlier.

Posted by foongsh > 2023-08-01 12:42 | Report Abuse

Posted by IDQWE001 > 1 hour ago | Report Abuse

Country Garden shares slump after share sale scrapped

Real estate sector completely collapsed due to high leverage, home buyers suffered due to unfinished projects and high jobless rates.

Posted by IDQWE001 > 2023-08-01 12:49 | Report Abuse

China new home prices fall for third month in July - survey

BEIJING: Average new home prices in 100 Chinese cities fell for a third consecutive month in July, while more measures are expected in major cities to lift the country's embattled property sector, a private survey showed on Tuesday.

New home prices on an average fell 0.01% month-on-month in July, unchanged from June and May, according to a survey by China Index Academy, a real estate research firm. Only 35 cities, of the 100, saw a gain in new home prices.

New home sales by value among top 100 real estate firms across the country fell 34.1% year-on-year in July, according to a separate statement from the research firm on Monday.

Fell only 34.1% year-on-year in July. It should fall 341% to make it affordable. Lol.

Posted by foongsh > 2023-08-01 13:29 | Report Abuse

Posted by IDQWE001 > 37 minutes ago | Report Abuse

China new home prices fall for third month in July - survey

Fell only 34.1% year-on-year in July. It should fall 341% to make it affordable. Lol.

Imagine how painful if newly bought house value fell by 30+ percents in only a year, it makes you become negative asset.

Posted by ks55 > 2023-08-01 15:37 | Report Abuse

Malaysia has 2 Gordan Chang. Whether there are 100 Gordan Chang crying everyday or not make no difference. China won't collapse due to their curse.

Posted by IDQWE001 > 2023-08-01 20:06 | Report Abuse

Posted by foongsh > 6 hours ago | Report Abuse

Posted by IDQWE001 > 37 minutes ago | Report Abuse

China new home prices fall for third month in July - survey

Fell only 34.1% year-on-year in July. It should fall 341% to make it affordable. Lol.

Imagine how painful if newly bought house value fell by 30+ percents in only a year, it makes you become negative asset.

CCP dogs very happy for the high jobless rate and bad debts for those pity local Chinese. Very evil.

Posted by IDQWE001 > 2023-08-07 09:31 | Report Abuse

ANALYSIS-China can no longer 'extend and pretend' on municipal debt
NST Mon, Aug 07, 2023

BEIJING, Aug 7: China's promised "basket of measures" to defuse local government debt risks is likely to include special bond issuance, debt swaps, loan rollovers, and something Beijing really loathes: dipping into the central budget.

Local governments are fundamental to China's economy, with Beijing tasking provincial and city officials with meeting ambitious growth targets. But after years of over-investment in infrastructure, plummeting returns from land sales and soaring COVID costs, economists say debt-laden municipalities now represent a major risk to China's economy.

Chinese leaders last month pledged, without detailing, to help ease their debts, signalling worries over a potential chain of municipal debt defaults destabilising the financial sector.

Economists took that message as being more constructive than in April, when Communist Party leaders demanded "strict control" of local debts. The implication, they say, is that Beijing has realised it needs to urgently throw cash at the problem.

That could represent a major breakthrough in finding a way out of China's municipal debt crisis, with Beijing having for years demanded that local administrations sort themselves out.

"The local debt problem is complex so you cannot simply say you don't want to take responsibility," said Guo Tianyong, professor at the Central University of Finance and Economics in Beijing, explaining the politburo's directions.

The extent of any central government involvement, and any conditions attached to it, are still subject to debate, two policy advisers told Reuters. Whether the package of measures will be a short-term or multi-year plan also remains unknown.

These details will be key for investors to gauge how decisive and long-lasting Beijing's solution will be.

"The size of any restructuring and the scale of the problem Beijing acknowledges is important to the success of this effort," said Logan Wright, a partner at Rhodium Group.

Posted by IDQWE001 > 2023-08-07 09:31 | Report Abuse

BEIJING'S DILEMMA

Local government debt reached 92 trillion yuan ($12.8 trillion), or 76% of economic output in 2022, up from 62.2% in 2019. Part of it is debt issued by local government finance vehicles (LGFVs), which cities use to raise money for infrastructure projects. The International Monetary Fund expects LGFV debt to reach $9 trillion this year.

The central government, which has repeatedly warned about "hidden debt risks" worries the numbers are even higher when accounting for any debt issued outside municipal balance sheets.

It is an unsustainable situation that puts Beijing in a bind: provide no help and the economic model unravels with severe consequences on growth and social stability, or step in at the risk of encouraging more reckless spending.

"A principle should be established: not all debt will be assumed by the central government," a policy adviser told Reuters on condition of anonymity.

"This could lead to moral hazard."

To avoid that risk, the adviser suggested all stakeholders bear some of the burden: financial institutions, local governments, Beijing and society at large.

OPTIONS

Most economists expect Beijing to instruct state-owned banks to keep rolling over maturing debt with longer-term loans at lower interest rates, a strategy often referred to as "extend and pretend."

The banks, however, need to be selective based on the magnitude and urgency of any refinancing task. Debt restructurings hurt their own balance sheet, hampering their ability to finance other parts of the economy.

For many local governments "to keep vital functions you need transfers from Beijing and to develop you need to issue bonds - the central leadership is aware of that," a source at a state bank told Reuters after a recent work trip to two indebted provinces.

Local governments themselves will have responsibilities, above all to come clean.

Local governments are likely to use left-over bond issuance quotas from last year to swap "hidden debt" with official bonds on their balance sheet, according to analysts, with up to 2.6 trillion yuan to be issued.

Such a move has a precedent. From 2015 to 2018, local governments issued some 12 trillion yuan of bonds to swap for off-balance sheet debt.

Beijing may also ask certain localities to sell or leverage assets to raise funds.

Posted by IDQWE001 > 2023-08-07 09:31 | Report Abuse

"Extension of local government and LGFV debt and de facto restructuring, especially with banks, will likely be encouraged, while local governments may also be pushed to sell or mortgage some assets," said Tao Wang, chief China economist at UBS.

Then comes frugal Beijing, which has most room for manoeuvre, with a central government debt of only 21% of GDP.

Beijing issued 1 trillion yuan in special bonds in 2020 to cope with the pandemic, 1.55 trillion in 2007 to recapitalise its sovereign wealth fund and 270 billion yuan in 1998 to recapitalise the "big four" state banks.

"The central government can issue low-cost bonds to replace local debt," a second policy adviser said.

China's 10-to-30-year government bonds yield 2.7%-3.0%. Some cities and LGFVs pay 7-10% interest.

Guo, the professor, said such swaps should exceed 1 trillion yuan this year to make a difference.

More generous direct fiscal transfers for funding vital public services could also be thrown into the basket, analysts say. That path is well-trodden: the finance ministry expects a record 10 trillion yuan in such transfers this year, up 3.6% from 2022.

For the local debt problem to stop re-occuring policymakers need to implement profound changes to how the economy works.

BBVA analysts suggest diluting the growth performance criteria in evaluating local government officials.

But ultimately Beijing, and the Chinese society, may have to accept lower growth after four decades of expansion at a staggering pace.

"Whether Beijing will be able to accept a significant slowdown in local government investment, and therefore economic growth, will be one of the most important questions in any restructuring," Rhodium's Wright said.

Posted by qqq47660 > 2023-08-07 12:36 | Report Abuse

ted by ks55 > 5 days ago | Report Abuse

Malaysia has 2 Gordan Chang. Whether there are 100 Gordan Chang crying everyday or not make no difference. China won't collapse due to their curse.

Posted by foongsh > 2023-08-07 12:46 | Report Abuse

Posted by IDQWE001 > 3 hours ago | Report Abuse

BEIJING'S DILEMMA

Local government debt reached 92 trillion yuan ($12.8 trillion), or 76% of economic output in 2022, up from 62.2% in 2019. Part of it is debt issued by local government finance vehicles (LGFVs), which cities use to raise money for infrastructure projects. The International Monetary Fund expects LGFV debt to reach $9 trillion this year.

Building so many elephant projects without proper retention/detention ponds and draiange system for what, end up washed away loh.

Posted by IDQWE001 > 2023-08-08 08:18 | Report Abuse

Chinese property developer Country Garden slides after Moody’s downgrade

Shares of Country Garden Holdings, one of China’s biggest property developers, tumbled on Monday after ratings agency Moody’s downgraded the firm further into junk territory, amid a brewing real estate crisis in China.

Hong Kong shares of Country Garden (HK:2007) slid nearly 7% to a two-week low, and were trading close to record lows hit in November 2022.

Moody’s on Friday downgraded Country Garden’s rating to B1 from Ba3, putting the company further in junk territory after it recently canceled a $300 million share sale and capital raising.

The ratings agency said that the downgrade reflected growing concerns over weakening property sales, limited funding access, and a large amount of expiring debt over the next 12-18 months, which could dent the firm’s credit position and liquidity.

Moody’s had in 2022 downgraded Country Garden to junk, amid a growing downturn in the Chinese property market.

“The negative outlook reflects uncertainties over the company's ability to stabilize its declining contracted sales and to recover its funding access over the next 6-12 months due to the weak operating environment in low-tier cities and volatile capital markets,” Moody’s analysts said in a note.

Posted by IDQWE001 > 2023-08-08 08:22 | Report Abuse

李嘉诚降价30%抛售房产

据媒体报道，李嘉诚名下的长实集团以平方英尺1.5万港币，约合人民币14.8万元的价格挂牌了132套房产，降价30%以后李嘉诚这处楼盘的挂牌价格已经回到了七年前的水平。

Discount 30% and run.

Posted by IDQWE001 > 2023-08-08 12:19 | Report Abuse

Chinese exports, imports shrink more than expected in July

China’s key imports and exports shrank more than expected in July amid worsening global and domestic demand, although the country’s trade balance still grew past expectations for the month.

The country’s trade balance rose to $80.60 billion in July from $70.62 billion in the prior month, data from the customs administration showed on Tuesday. The reading was higher than expectations of $67.80 billion.

But the reading was likely driven by a bigger-than-expected drop in imports, which shrank 12.4%- much higher than expectations for a drop of 5.6%, and last month’s decline of 6.8%.

Weak demand within the country- particularly in the private sector- kept imports largely depressed this year, as a post-COVID economic recovery ran out of steam through the second quarter.

Exports shrank 14.5%, against expectations for a drop of 9.8% and a fall of 12.4% in June. Both imports and exports shrank at their fastest pace since May 2020- the height of the COVID-19 pandemic.

Weakness in overseas demand for Chinese goods, amid softening economic conditions across the globe, has been a key source of pressure on Chinese exporters this year. Softer demand has also spilled over into the country’s manufacturing sector, which has contracted steadily this year, pressuring China's biggest economic engines.

Posted by IDQWE001 > 2023-08-08 12:20 | Report Abuse

Asian stocks flat as China trade disappoints; earnings, inflation in focus

Most Asian stocks moved little on Tuesday as markets hunkered down ahead of more cues from key inflation data and a slew of major earnings this week, while Chinese shares were hit by a fresh wave of selling in property stocks.

Softer-than-expected Chinese trade data also dampened sentiment towards the region, as both Chinese imports and exports sank at their fastest pace since the 2020 COVID-19 pandemic.

Inflation readings from the U.S. and China are set to offer more insight into the world’s largest economies this week, although both readings are likely to move in opposite directions. Analysts are expecting a slight increase in U.S. consumer inflation through July, while Chinese inflation is expected to remain close to contraction.

Posted by IDQWE001 > 2023-08-08 12:21 | Report Abuse

Chinese stocks lag on weak trade data, property rout
Chinese shares were among the worst performers for the day, with the Hang Seng index down 1.2% on steep losses in major property stocks. Longfor Properties (HK:0960) and Country Garden Holdings (HK:2007), some of the biggest property developers in China, dropped around 6% in Hong Kong trade after Country Garden was downgraded further into junk territory by Moody’s.

The ratings agency also flagged increased headwinds to China’s property sector from slowing sales and dwindling sources of funding.

China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes were flat as data showed the country’s exports and imports continued to decline in July. The reading points to more pressure on the Chinese economy from weak demand, and also bodes poorly for broader Asian markets with trade exposure to the country.

Posted by IDQWE001 > 2023-08-08 12:27 | Report Abuse

美国进口暴跌24% 中国供应链独霸地位 遭墨西哥超越

（华盛顿8日讯）美国企业纷纷加速减少对中国供应链的依赖。美国的官方数据显示，今年首5个月，从中国的进口暴跌24%，墨西哥在今年首4个月已取代中国成为美国最大贸易伙伴国。

《华盛顿邮报》引述美国普查局的数字报道，许多美国大企业，包括惠普、史丹利百得（Stanley Black&Decker）与乐高（LEGO）等，近年来一直在为美国消费市场调整供应链，既为了避开超级大国之间的竞争所带来的风险，也是基于更长期的商业策略，即在更接近消费者的地方生产消费品。

牛津经济研究院的数据指出，美国人目前花在进口产品的支出当中，每6美元就有一美元用于购买中国产品；在冠病疫情暴发前，这个比例是每4美元就有1美元花在这方面。日本也在减少从中国的进口，欧洲国家如德国、法国等，基本上没有太大变化。

中国独霸地位被墨西哥越南泰国蚕食
在投资方面，到中国建厂的外国投资者也越来越少。数据显示，在中国未开发地区，即所谓的“绿地”（greenfield）的年度投资，从2010年的1000亿美元暴跌到2019年的500亿美元，去年更降至180亿美元。

目前，墨西哥、越南及泰国在不断蚕食中国的供应链独霸地位。

越南和泰国已成为外国公司在此区域内寻求供应链多样化的主要替代选择，印度也吸引到一些大制造商，如苹果公司有意在那里增加生产手机。（联合早报）

Global supply chain restructuring is happening.

Posted by IDQWE001 > 2023-08-08 15:27 | Report Abuse

北京8日讯）据《澎湃新闻》从知情人士处获悉，万达集团高级副总裁刘海波因涉及贪腐被公安机关带走，被带走的更具体原因目前不详。

除了刘海波之外，万达集团还有多人因牵扯贪腐也被带走。

公开数据显示，刘海波毕业于北京航空航天大学。1991年7月至1994年2月，他在北京航空航天大学电子工程系担任教师；1994年2月至2010年6月，曾担任裕景兴业（厦门）有限公司副总经理。刘海波在2010年7月加入大连万达商业集团，先后担任总裁助理、发展部常务副总经理、发展部总经理、区域总经理、集团首席副总裁、高级副总裁等职位。

据知情人士称，此次刘海波被带走涉及万达内部反腐，万达集团董事长王健林对于腐败行为始终保持高压态势。

对于反腐，王健林有一套自己的“方法论”。

在《万达哲学》这本由王健林亲自编撰，表达其管理智慧的书中，他说到，万达有一支很强的审计队伍，而“我个人在集团不分管具体业务，唯一管的部门就是审计部，审计部就相当于万达集团的纪委”、“审计通报最厉害，一发就意味着有人被开除或者受到更重处罚”。在书中，王健林对这支队伍给出的描述是，业务能力强、有很强的威慑力。

万达审计部成立于2001年，成员由财务、工程、预算、土木水电各专业人才组成。成立以来，万达审计中心查处了多起内部贪腐事件。资料显示，2006年，万达处分7名员工；2008年开除3人和降职1人，2009年处分13人，2010年处分员工10人，2011年处理违规员工43人，2012年处分员工64人，2013年处分员工180人。

从公开资料来看，刘海波在8月1日还在公开露面。

8月1日，大同市委副书记、市长张强与万达集团董事长王健林举行工作会谈，就推动项目建设、拓展合作领域进行交流，刘海波出席了该活动。

7月25日，河南省委常委、洛阳市委书记江凌与来洛考察的万达集团董事长王健林举行工作会谈，听取龙门旅游度假区改造方案汇报，就优化方案设计进行深入交流。刘海波也参加了此次会谈。

根据《世界日报》，这两年也有万达高管被带走调查的案例：2018年时，北京建国门万达集团总部，两名万达集团高管被北京市朝阳区警方带走；2019年8月商管集团原总裁助理兼华南运营中心总经理王某等四人严重违反集团制度遭解雇并移交司法机关；2021年12月，万达商管副总裁、丙晟科技总裁朱战备涉嫌贪腐，被上海警方带走调查。

另一方面，近期万达集团持续出售资产，7月以来便出手三次：一次是7月11日，北京万达投资拟通过协议转让方式向东方财富实控人的妻子陆丽丽转让其持有的公司股份1.8亿股，占公司总股本的8.26%；第二次是北京万达投资拟向莘县融智转让其持有的万达电影无限售条件流通股1.77亿股，占总股本的8.14%；第三次是7月23日，万达文化以22.62亿元出售万达投资49%的股份给儒意影视。

CCP real estate sector corruption from top to bottom. Anti westerns talk only but love US dollars and migration to westerns.

Posted by IDQWE001 > 2023-08-08 15:55 | Report Abuse

Country Garden misses bond payments as China property fears flare

HONG KONG (Reuters) -Country Garden said on Tuesday it has not paid two dollar bond coupons due on Aug. 6, confirming market fears that the biggest privately owned developer in China is slipping into repayment troubles.

The bonds in question are notes due on Feb 2026 and Aug 2030, both with 30-day grace periods, investors said, citing prospectuses. The coupons were worth a total of $22.5 million.

China's giant property sector has seen a string of debt defaults by cash-squeezed developers since late 2021, with China Evergrande Group, the world's most indebted property developer, at the centre of the crisis.

Country Garden, which had total liabilities of 1.4 trillion yuan ($194 billion) as of end-2022, told Reuters in a statement its usable cash had declined due to a deterioration in the sales and refinancing environment, and the impact from various fund regulations.

Stocks and bonds of the Guangdong province-based company, ranked third by national sales this year, have faced selloff pressure in the past few weeks as liquidity concerns resurfaced.

One of the firm's onshore bonds was temporarily suspended from trading in Shenzhen after plunging 28.6% in the morning. Its Jan 2024 dollar bonds were traded at 18.331 cents on the dollar, according to Duration Finance, down from 25 cents on Monday.

Its Hong Kong-listed shares shed 15% as of 0708 GMT.

Last week, Country Garden aborted a $300 million share placement at the last minute saying it had not reached a 'final agreement' for the deal to go ahead.

The home builder also warned last week that it would post an unaudited net loss for six months ending June 30, compared with a net profit of 1,910 million yuan ($267 million) a year earlier.

Posted by IDQWE001 > 2023-08-09 12:32 | Report Abuse

Chinese consumer inflation shrank in July, indicating that local liquidity and spending remained weak amid slowing business activity, while a decline in factory gate inflation also continued through the month.

Consumer price index (CPI) inflation fell 0.3% in the 12 months to July, slightly better than expectations for a drop of 0.4%, data from the National Bureau of Statistics showed on Wednesday. This came after a flat reading for June, and marks the first annual contraction in CPI since September 2021.

CPI inflation rose 0.2% from the prior month, slightly beating out expectations for growth of 0.1%.

While the monthly reading suggests mild improvement in consumer inflation, a contraction in the annual reading suggests that the trends driving down Chinese inflation- sluggish spending and slowing economic activity- are still actively in play.

It also indicates that the world’s second-largest economy showed little signs of improvement after a dismal second quarter.

A bulk of this weakness stems from a slowdown in China’s manufacturing sector, with a continued contraction in producer price index (PPI) inflation pointing to little improvement in the sector.

PPI inflation shrank 4.4% in July, more than expectations for a drop of 4.1%. While the reading did show some improvement from the 5.4% decline in June, it still remained close to its worst levels since the yuan crisis of 2016.

The weak inflation data comes after data on Tuesday showed that Chinese exports and imports deteriorated further in July. Growth in Chinese business activity also worsened through the month, data from last week showed.

Posted by IDQWE001 > 2023-08-09 12:33 | Report Abuse

China's consumer prices swing into decline as deflation risks build

BEIJING: China's consumer prices posted their first annual decline in more than two years in July, while factory gate prices extended their falls, data showed on Wednesday, as lacklustre demand weighed on the economy.

The consumer price index (CPI) for the month dropped 0.3% year-on-year, the National Bureau of Statistics (NBS) said, a slightly slower fall than the median estimate for a 0.4% decrease in a Reuters poll. It was the first year-on-year decline since February 2021. CPI was unchanged in June.

The producer price index (PPI) fell for a 10th consecutive month, down 4.4% from a year earlier after a 5.4% drop the previous month. That compared with a forecast for a 4.1% fall.

China's economic recovery slowed after a brisk start in the first quarter, as demand at home and abroad weakened. Authorities have rolled out a flurry of policy measures to support the economy, with more steps expected.


The drop in consumer prices is more cause for concern with mounting deflation pressures amid faltering economic growth due to persistent property downturn and falls in imports and exports.

Posted by qqq47660 > 2023-08-09 13:29 | Report Abuse

Posted by IDQWE001 > 53 minutes ago | Report Abuse

China's consumer prices swing into decline

=========

actually, if inflation is zero or even negative....that will be good news for the poor.........I also wish Malaysia has negative inflation.

Posted by qqq47660 > 2023-08-09 13:34 | Report Abuse

I also want to see food prices come down in Malaysia................can or not?

Posted by foongsh > 2023-08-09 13:36 | Report Abuse

When prices go down, it’s generally considered a good thing—at least when it comes to your favorite shopping destinations.

When prices go down across the entire economy, however, it’s called deflation, and that’s a whole other ballgame. Deflation is bad news for the economy and your money.

Deflation is when consumer and asset prices decrease over time, and purchasing power increases. Essentially, you can buy more goods or services tomorrow with the same amount of money you have today. This is the mirror image of inflation, which is the gradual increase in prices across the economy.

While deflation may seem like a good thing, it can signal an impending recession and hard economic times. When people feel prices are headed down, they delay purchases in the hopes that they can buy things for less at a later date. But lower spending leads to less income for producers, which can lead to unemployment and higher interest rates.

This negative feedback loop generates higher unemployment, even lower prices and even less spending. In short, deflation leads to more deflation. Throughout most of U.S. history, periods of deflation usually go hand in hand with severe economic downturns.

Posted by foongsh > 2023-08-09 13:38 | Report Abuse

Why Deflation Is More Harmful Than Inflation
When prices go up and the power of the dollar goes down, the economy is experiencing inflation.

While inflation means your dollar doesn’t stretch as far, it also reduces the value of debt, so borrowers keep borrowing and debtors keep paying their bills. Modest inflation is a normal of the economic cycle—the economy typically experiences inflation of 1% to 3% per year—and a small amount is generally viewed as a sign of healthy economic growth.

Inflation is also something consumers can protect themselves against to a certain extent. Investing your money, for instance, can help your earnings grow faster than inflation, helping you retain and grow your purchasing power.

While it may seem worse for prices to rise than to fall, deflation is generally less favorable and is associated with economic contractions and recessions. A deflationary spiral may turn hard economic times into recessions and then depressions.

Protecting yourself against deflation is also a little trickier than safeguarding against inflation. Unlike with inflation, debt becomes more expensive with deflation, leading people and businesses to avoid taking it on as they try to pay off the increasingly pricy debts they already owe.

During periods of deflation, the best place for people to hold money is generally in cash investments, which don’t earn much, if any, returns. Other types of investments, like stocks, corporate bonds, and real estate investments, are riskier when there’s deflation because businesses can face very difficult times or fail entirely.

Posted by qqq47660 > 2023-08-09 14:24 | Report Abuse

two types of people.............those who point fingers at China and those who don't ..............

point fingers at China makes u feel good meh? makes u happy meh? what kind of . i.diot or what kind of ev.il is that? what kind of arr.ogance is that?

Posted by qqq47660 > 2023-08-09 14:26 | Report Abuse

in every measure of well being..........China already far ahead of Malaysia.....actually far ahead of America in many aspects.

Posted by qqq47660 > 2023-08-09 14:59 | Report Abuse

Chinese modernity to show a new path .......to 2050, Chinese modernity not just about inflation, stock market, GDP, rich getting richer........ Chinese modernity is more than that. China wants to be admired first in all aspects , including happiness, environment, security, health, education, unity, lack of conflicts, justice and many many more.

Posted by IDQWE001 > 2023-08-09 15:31 | Report Abuse

Posted by foongsh > 1 hour ago | Report Abuse

Why Deflation Is More Harmful Than Inflation
When prices go up and the power of the dollar goes down, the economy is experiencing inflation.

Deflation is very painful, you see how painful is qqq. Lol.

Posted by IDQWE001 > 2023-08-09 15:44 | Report Abuse

China tips into deflation as efforts to stoke recovery falter

China's consumer sector fell into deflation and factory-gate prices extended declines in July, as the world's second-largest economy struggled to revive demand and pressure mounted for Beijing to release more direct policy stimulus.

Anxiety is rising that China is entering an era of much slower economic growth akin to the period of Japan's "lost decades", which saw consumer prices and wages stagnate for a generation, a stark contrast to the rapid inflation seen elsewhere.

China's post-pandemic recovery has slowed after a brisk start in the first quarter as demand at home and abroad weakened and a flurry of policies to support the economy failed to shore up activity.

The consumer price index (CPI) dropped 0.3% year-on-year in July, the National Bureau of Statistics (NBS) said on Wednesday, compared with the median estimate for a 0.4% decrease in a Reuters poll. It was the first decline since February 2021.

The producer price index (PPI) declined for a 10th consecutive month, down 4.4% and faster than the forecast 4.1% fall.

China is the first G20 economy to report a year-on-year decline in consumer prices since Japan's last negative headline CPI reading in August 2021 and the weakness adds to concerns about the hit to business among major trading partners.

keep on talking 2050 is nonsense.

Posted by foongsh > 2023-09-23 21:28 | Report Abuse

Even China's 1.4 billion population can't fill all its vacant homes, former official says

BEIJING (Reuters) - Even China's population of 1.4 billion would not be enough to fill all the empty apartments littered across the country, a former official said on Saturday, in a rare public critique of the country's crisis-hit property market.

China's property sector, once the pillar of the economy, has slumped since 2021 when real estate giant China Evergrande (HK:3333) Group defaulted on its debt obligations following a clampdown on new borrowing.

Big-name developers such as Country Garden Holdings continue to teeter close to default even to this day, keeping home-buyer sentiment depressed.

As of the end of August, the combined floor area of unsold homes stood at 648 million square metres (7 billion square feet), the latest data from the National Bureau of Statistics (NBS) show.

That would be equal to 7.2 million homes, according to Reuters calculations, based on the average home size of 90 square metres.

That does not count the numerous residential projects that have already been sold but not yet completed due to cash-flow problems, or the multiple homes purchased by speculators in the last market upturn in 2016 that remain vacant, which together make up the bulk of unused space, experts estimate.

"How many vacant homes are there now? Each expert gives a very different number, with the most extreme believing the current number of vacant homes are enough for 3 billion people," said He Keng, 81, a former deputy head of the statistics bureau.

"That estimate might be a bit much, but 1.4 billion people probably can't fill them," He said at a forum in the southern Chinese city Dongguan, according to a video released by the official media China News Service.

His negative view of the economically significant sector at a public forum stands in sharp contrast to the official narrative that the Chinese economy is "resilient".

"All sorts of comments predicting the collapse of China's economy keep surfacing every now and then, but what has collapsed is such rhetoric, not China's economy," a spokesperson at the foreign ministry said at a recent news conference.

Posted by IDQWE001 > 2023-09-23 21:37 | Report Abuse

Posted by foongsh > 7 minutes ago | Report Abuse

Even China's 1.4 billion population can't fill all its vacant homes, former official says

BEIJING (Reuters) - Even China's population of 1.4 billion would not be enough to fill all the empty apartments littered across the country, a former official said on Saturday, in a rare public critique of the country's crisis-hit property market.

If CCP didn't transfer thier stolen money to US and made US great again, CCP should have enough money to buy all the empty and unfinished property.

Posted by foongsh > 2023-09-24 09:21 | Report Abuse

Posted by IDQWE001 > 11 hours ago | Report Abuse

Posted by foongsh > 7 minutes ago | Report Abuse

Even China's 1.4 billion population can't fill all its vacant homes, former official says

BEIJING (Reuters) - Even China's population of 1.4 billion would not be enough to fill all the empty apartments littered across the country, a former official said on Saturday, in a rare public critique of the country's crisis-hit property market.

If CCP didn't transfer thier stolen money to US and made US great again, CCP should have enough money to buy all the empty and unfinished property.

Could CCP build more ghost cities, white elephant projects and unfinished buildings to boost its GDP ?

Posted by OnTime > 2023-09-24 10:02 | Report Abuse

why do u even care abt the ccp?

Posted by IDQWE001 > 2023-09-24 17:35 | Report Abuse

Posted by foongsh > 8 hours ago | Report Abuse

Posted by IDQWE001 > 11 hours ago | Report Abuse

Posted by foongsh > 7 minutes ago | Report Abuse

Even China's 1.4 billion population can't fill all its vacant homes, former official says

BEIJING (Reuters) - Even China's population of 1.4 billion would not be enough to fill all the empty apartments littered across the country, a former official said on Saturday, in a rare public critique of the country's crisis-hit property market.

If CCP didn't transfer thier stolen money to US and made US great again, CCP should have enough money to buy all the empty and unfinished property.

Could CCP build more ghost cities, white elephant projects and unfinished buildings to boost its GDP ?

Can, just make the figures that CCP wants.

Posted by IDQWE001 > 2023-09-28 16:24 | Report Abuse

Shares of China Evergrande suspended as chairman under police watch

HONG KONG: Trading in shares of China Evergrande were suspended on Thursday after a report its chairman had been placed under police surveillance, intensifying concerns over the developer's future as it struggles with a growing threat of liquidation.

On Wednesday, Bloomberg News reported that Hui Ka Yan, who founded Evergrande in 1996, was taken away by police this month and was being monitored at a designated location The report said it was not clear why Hui was under surveillance. Reuters could not immediately verify the news.

With more than $300 billion in liabilities - roughly the size of Finland's gross domestic product - Evergrande has become the poster child of a debt crisis in China's property sector, which contributes to roughly a quarter of the economy.

The company's debt woes took a rapid turn for the worse this week after it said it was unable to issue new debt due to an investigation into its main China unit, further complicating a proposed restructuring plan.

Posted by IDQWE001 > 2023-10-02 11:43 | Report Abuse

Evergrande chairman investigated over offshore asset transfers - WSJ

China Evergrande (HK:3333) Group Chairman Hui Ka Yan is being investigated on suspicion of transferring assets offshore while the indebted property developer struggles to complete unfinished projects, the Wall Street Journal reported on Monday.

Evergrande has been working to get creditors' approval to restructure its offshore debt but the process grew more complicated last week when the company said it could not issue new debt due to an investigation into its main China unit.

Adding to the embattled developer's woes, it said on Friday that its chairman was under police watch and was suspected of committing unspecified crimes.

Reuters reported last week that a group of offshore creditors was planning to join a court petition to liquidate the developer if it did not submit a new debt restructuring plan by the end of October.

Evergrande did not immediately respond to a Reuters request for comment during week-long National Day holidays.

With more than $300 billion in liabilities, Evergrande has become the poster child of a debt crisis in China's property sector, which contributes to roughly a quarter of the economy.

Trading in the shares of Evergrande and two of its units was suspended on Thursday after media reported that Hui had been taken away by police and was being monitored at a designated location.

All CCP transferred out corrupted money, this guy was unlucky. More to come.

Posted by IDQWE001 > 2023-10-04 15:26 | Report Abuse

Chinese developer SCE Group seeks offshore debt restructuring after default

HONG KONG: China SCE Group said on Wednesday a non-payment on a syndicated loan has triggered a default under its dollar bonds and it would explore a holistic solution to all its debt.

The Xiamen-based company is the latest to join a long list of Chinese property developers who have defaulted their offshore debt and begun a restructuring process. But only a handful have announced restructuring terms so far.

China Evergrande Group, in the centre of the sector's debt crisis, said last week its main unit in China was unable to issue new debt due to an ongoing investigation, complicating its restructuring plan that creditors were originally scheduled to vote on this month.

The market is also watching if China's largest private developer Country Garden will avoid a default again mid-this month, by making $15 million coupon payment before the grace period ends.

Another one. More to come. Just have a guest what is the best trading sector stocks in Bursa ?

Posted by qqq47660 > 2023-10-04 15:56 | Report Abuse

malaysia at war with China meh? why got i.diots like idq and foong?

https://www.youtube.com/watch?v=HXyqXsDmVNs

Posted by foongsh > 2023-10-04 17:54 | Report Abuse

Posted by IDQWE001 > 2 hours ago | Report Abuse

Chinese developer SCE Group seeks offshore debt restructuring after default

HONG KONG: China SCE Group said on Wednesday a non-payment on a syndicated loan has triggered a default under its dollar bonds and it would explore a holistic solution to all its debt.

The Xiamen-based company is the latest to join a long list of Chinese property developers who have defaulted their offshore debt and begun a restructuring process. But only a handful have announced restructuring terms so far.

China Evergrande Group, in the centre of the sector's debt crisis, said last week its main unit in China was unable to issue new debt due to an ongoing investigation, complicating its restructuring plan that creditors were originally scheduled to vote on this month.

The market is also watching if China's largest private developer Country Garden will avoid a default again mid-this month, by making $15 million coupon payment before the grace period ends.

Another one. More to come. Just have a guest what is the best trading sector stocks in Bursa ?

You are right, from the message you should be able to find out what is the best trading stocks in Bursa for the past 6 - 9 months. But this is not for i.diot qqq.

Posted by IDQWE001 > 2023-10-06 23:00 | Report Abuse

Evergrande's Debt Nightmare From A 90% Asset Decline To Jail–Xu Jiayin's Empire Completely Crumbles

https://youtu.be/Kz-QE-nuA5Q?si=ifOe8QKs_dh_TDPo

CCP transferred corrupted money to westerns in all sectors, those exposed CCP kena caught due to property buble burst. Those hidden not exposed will make America great again.

Posted by foongsh > 2023-10-06 23:33 | Report Abuse

Posted by IDQWE001 > 28 minutes ago | Report Abuse

Evergrande's Debt Nightmare From A 90% Asset Decline To Jail–Xu Jiayin's Empire Completely Crumbles

https://youtu.be/Kz-QE-nuA5Q?si=ifOe8QKs_dh_TDPo

CCP transferred corrupted money to westerns in all sectors, those exposed CCP kena caught due to property buble burst. Those hidden not exposed will make America great again.

Useless CCP not able to solve property bubble issues for the past 5-6 years which gave sufficient time for Xu Jiayin to transfer the corrupted money to America.

Posted by qqq47660 > 2023-10-07 00:04 | Report Abuse

your western propaganda is laughable and shameless and no relationship with reality. only fools i.diots like idq foong.