China Economy Forum

onebyone · May 31, 2017

China May official services PMI rises to 54.5 vs. 54.0 in April

Reuters ReutersMay 31, 2017
BEIJING (Reuters) - Growth in China's services sector accelerated in May from the previous month, an official survey showed on Wednesday.

The official non-manufacturing Purchasing Managers' Index (PMI) stood at 54.5 in May, compared with 54.0 in April and above the 50-point mark that separates growth from contraction on a monthly basis.

The services sector accounted for over half of China's economy last year as rising wages give Chinese consumers the opportunity to shop, travel and eat out more.

China's policymakers are counting on growth in services and consumption as they try to rebalance the economic growth model from its heavy reliance on exports and investment.

(Reporting by Beijing Monitoring Desk; Editing by Shri Navaratnam)

Han Patriot · May 31, 2017

scope said:
No. China should shut them out until Chinese firms dominate then toss crumbs to the West, if at all.

BTW, What kind of patriot are you?

Oh right...the kind who calls Chinese chinks

I am Chinese calling myself Chink, anything wrong? Blacks call themselves nig*er. If non Chinese call you chink it's racist. If I say it, it's different, I AM CHINESE understand !

You need to induce competition, open up the market, let in a trickle to compete. It's the same concept like vaccines, you intro some viruses to boost immunity, but you don't freaking inject yourself with full dose live virus.

onebyone · Jun 1, 2017

The world's biggest economy dropped and Hong Kong seized first place
by
Randy Woods
1 มิถุนายน 2560 01:12 GMT+7
The U.S. fell out of the top three in a global competitiveness ranking, as executives’ perception of the world’s biggest economy deteriorated after Donald Trump’s election.

The U.S. slipped one spot to fourth in an annual ranking published by the IMD World Competitiveness Center, a research group at IMD business school in Switzerland. It trails Hong Kong, Singapore and Switzerland. The U.S. last took top spot in the 2015 ranking.

The results are based on 261 indicators, with about two-thirds coming from so-called “hard data,” gathered mainly last year, such as employment and trade statistics. The balance came from more than 6,250 executive-opinion surveys conducted this year. The report ranks 63 economies based on a sliding scale, with 100 being the most competitive.

The U.S. drop largely reflects survey results, as global executives questioned by IMD ranked the country lower in categories including government and business efficiency. Respondents saw a greater risk of political instability and protectionism, which offset the country’s progress in reducing unemployment and stabilizing inflation, according to the report.

“I was puzzled about the United States, to be honest, because it’s usually pretty consistently in the top three,” said Jose Caballero, senior economist at the IMD World Competitiveness Center. “It’s obvious that there is an increasing negative perception about the country,” he said when asked whether Trump’s election factored into the drop. The survey strives to remain politically neutral, he added.

Caballero said next year’s report will provide a better look at the Trump’s impact on the country’s competitive standing, as it will include both survey results and hard data from his time in office. His administration’s efforts to roll back regulations and cut taxes also may benefit the U.S. ranking, as executives rated the government’s competency and tax regime low in a list of the American economy’s advantages.

China climbed seven places to 18th overall, topping the list of countries with per-capita gross domestic product of less than $20,000, followed by Asian peers Malaysia and Thailand. Venezuela was last among 63 economies in the overall ranking, after a year marred by political upheaval and recession.

https://www.bloomberg.com/news/arti...al-competitiveness-ranking-as-china-shoots-up

rott · Jun 4, 2017

I am not an economy expert. But i want to share this post from one Indian guy ranting about China. So if Chinese or any members could pls validate this post. Here goes.....

"Although to clear your misconceptions, China is a economy that solely depends on low cost production which in turn creates a wider wage gap. It's also sad to already see their population running on lower per capita incomes. Just go and look for it yourself. For a country where their northern provinces have absolutely no production or creation of services, how do u justify a 4.6% growth of that area? And for your so called context of infrastructure, buildings don't actually create knowledge or skill. Just go and see the Chinese middle class and Indian middle class. Maybe then you might realize why China is called the piracy Centre of the world. And frankly sucking the life out of a population isn't really a very big accomplishment if china's entire revenue is generated by selling under quality products at somewhat lower rates. Even as of today china's oldest customer i.e. US has also blocked the free trade policies so whr will china's market next look to? I'll just say, maybe it doesn't even matter to you if you aren't actually Chinese. But really who cares. Although I would really urge you to really read their budgets in detail. You might find the exact black flags as I've raised. And who can ever ignore the simple fact that china's economy exists only because of their massive sales in our country, for which even to this day we are providing services, so if our services market stops investing in China den even china's manufacturing goes down the drain. And yes who can ever forget the entire air contamination and pollution issues that circle their entire country. So sure if they wanna make their economy better on the fact that they have quite possibly destroyed their future generations, then sure carry on."

@+4vsgorillas-Apebane, @ahojunk, @Beast
@beijingwalker, @Shotgunner51, @AndrewJin, @Jlaw, @TaiShang, @Chinese-Dragon, @eldarlmari, @Two @lonelyman @xunzi @rcrmj @samsara @waz @Pyr0test @oprih @rcrmj @faithfulguy @ashok321 @UKBengali
@Gibbs @Godman @Areesh @maximuswarrior

Shotgunner51 · Jun 4, 2017

rott said:
@Shotgunner51

Godman · Jun 4, 2017

rott said:
I am not an economy expert. But i want to share this post from one Indian guy ranting about China. So if Chinese or any members could pls validate this post. Here goes.....

"Although to clear your misconceptions, China is a economy that solely depends on low cost production which in turn creates a wider wage gap. It's also sad to already see their population running on lower per capita incomes. Just go and look for it yourself. For a country where their northern provinces have absolutely no production or creation of services, how do u justify a 4.6% growth of that area? And for your so called context of infrastructure, buildings don't actually create knowledge or skill. Just go and see the Chinese middle class and Indian middle class. Maybe then you might realize why China is called the piracy Centre of the world. And frankly sucking the life out of a population isn't really a very big accomplishment if china's entire revenue is generated by selling under quality products at somewhat lower rates. Even as of today china's oldest customer i.e. US has also blocked the free trade policies so whr will china's market next look to? I'll just say, maybe it doesn't even matter to you if you aren't actually Chinese. But really who cares. Although I would really urge you to really read their budgets in detail. You might find the exact black flags as I've raised. And who can ever ignore the simple fact that china's economy exists only because of their massive sales in our country, for which even to this day we are providing services, so if our services market stops investing in China den even china's manufacturing goes down the drain. And yes who can ever forget the entire air contamination and pollution issues that circle their entire country. So sure if they wanna make their economy better on the fact that they have quite possibly destroyed their future generations, then sure carry on."

@+4vsgorillas-Apebane, @ahojunk, @Beast
@beijingwalker, @Shotgunner51, @AndrewJin, @Jlaw, @TaiShang, @Chinese-Dragon, @eldarlmari, @Two @lonelyman @xunzi @rcrmj @samsara @waz @Pyr0test @oprih @rcrmj @faithfulguy @ashok321 @UKBengali
@Gibbs @Godman @Areesh @maximuswarrior

Replace China with India there and it will start making sense

Keel · Jun 4, 2017

onebyone said:
The world's biggest economy dropped and Hong Kong seized first place
by
Randy Woods
1 มิถุนายน 2560 01:12 GMT+7
The U.S. fell out of the top three in a global competitiveness ranking, as executives’ perception of the world’s biggest economy deteriorated after Donald Trump’s election.

The U.S. slipped one spot to fourth in an annual ranking published by the IMD World Competitiveness Center, a research group at IMD business school in Switzerland. It trails Hong Kong, Singapore and Switzerland. The U.S. last took top spot in the 2015 ranking.

The results are based on 261 indicators, with about two-thirds coming from so-called “hard data,” gathered mainly last year, such as employment and trade statistics. The balance came from more than 6,250 executive-opinion surveys conducted this year. The report ranks 63 economies based on a sliding scale, with 100 being the most competitive.

The U.S. drop largely reflects survey results, as global executives questioned by IMD ranked the country lower in categories including government and business efficiency. Respondents saw a greater risk of political instability and protectionism, which offset the country’s progress in reducing unemployment and stabilizing inflation, according to the report.

“I was puzzled about the United States, to be honest, because it’s usually pretty consistently in the top three,” said Jose Caballero, senior economist at the IMD World Competitiveness Center. “It’s obvious that there is an increasing negative perception about the country,” he said when asked whether Trump’s election factored into the drop. The survey strives to remain politically neutral, he added.

Caballero said next year’s report will provide a better look at the Trump’s impact on the country’s competitive standing, as it will include both survey results and hard data from his time in office. His administration’s efforts to roll back regulations and cut taxes also may benefit the U.S. ranking, as executives rated the government’s competency and tax regime low in a list of the American economy’s advantages.

China climbed seven places to 18th overall, topping the list of countries with per-capita gross domestic product of less than $20,000, followed by Asian peers Malaysia and Thailand. Venezuela was last among 63 economies in the overall ranking, after a year marred by political upheaval and recession.

https://www.bloomberg.com/news/arti...al-competitiveness-ranking-as-china-shoots-up

"China climbed seven places to 18th overall"

Impressive advancement
Congrats Hongkong

onebyone · Jun 4, 2017

onebyone · Jun 5, 2017

Getty Images
China's food service industry is a key part of the mainland's service sector.
China's services sector was more active than expected in May, with a private survey pointing to the fastest pace of expansion in four months thanks to a surge in new orders.

The Caixin/Markit services purchasing managers' index (PMI) rose to 52.8 in May, beating the forecast of 51.4 and the previous month's 51.5, according to latest figures released on Monday.

The upbeat performance of the services sector contrasted with the country's manufacturing sector. The Caixin/Markit Manufacturing PMI, released last week, fell to 49.6 in May, lower than a 50.1 forecast and April's 50.3.

"The improvement in the services sector bolstered the Chinese economy in May," said Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group in an accompanying note to the data.

"However, the rapid deterioration in the manufacturing industry is worrying," he added.

— Reuters contributed to this story
http://www.cnbc.com/2017/06/04/china-services-sector-expands-quicker-than-expected-in-may.html

onebyone · Jun 7, 2017

Dimon Says China Houses 35% of Fortune 3000 in 20 Years

Bloomberg Video•June 5, 2017

Jun.05 -- JPMorgan Chase & Co. Chairman and CEO Jamie Dimon discusses his outlook for China. He speaks with Stephen Engle from the JPMorgan Global China Summit in Beijing on "Bloomberg Markets: Middle East."

https://finance.yahoo.com/video/dimon-says-china-houses-35-043644298.html

onebyone · Jun 8, 2017

China exports, imports rise in May, beating forecasts

PUBLISHED : Thursday, 08 June, 2017, 12:02pm
UPDATED : Thursday, 08 June, 2017, 12:02pm

c37190b6-4bfe-11e7-a842-aa003dd7e62a_1280x720_120241.JPG

China’s May exports rose 8.7 per cent from a year earlier, while imports expanded 14.8 per cent, both beating analysts’ expectations, official data showed on Thursday

That left the country with a trade surplus of US$40.81 billion for the month, the General Administration of Customs said.

Analysts polled by Reuters had expected May shipments from the world’s largest exporter to have risen seven per cent, easing slightly from eight per cent growth in April.

Imports were expected to have climbed 8.5 per cent after rising 11.9 per cent in April.

Analysts anticipated China’s trade surplus to have widened to US$46.32 billion in May from April’s US$38.05 billion.

China services sector grows at fastest pace in four months in May

Improving global demand has boosted exports for China and other trade reliant Asian economies in recent months after several lean years of declining shipments.

But investors have been more focused on its strong appetite for imports, particularly for industrial commodities such as iron ore and coal which is boosting resources prices worldwide.

http://www.scmp.com/news/china/econ...na-exports-imports-rise-may-beating-forecasts

JSCh · Jun 20, 2017

CFDA officially accepted as member of int'l standards organization
By Gao Yun
2017-06-19 17:19 GMT+8

China Food and Drug Administration (CFDA) has become a member of the International Council for Harmonisation of Technical Requirements for Pharmaceuticals for Human Use (ICH).

ICH, set up by the US, Europe and Japan in 1990, is an international organization that standardizes global drug registrations and manufacturing practices.

Its mission is to ensure safe, effective, and high quality medicines are developed and registered in the most resource-efficient manner.

Acceptance of the CFDA by the organization means China's drug regulation is now in line with international standards and this has boosted the hope of selling Chinese pharmaceutical products abroad.

Screenshot of CFDA's announcement on its website

Yuan Lin, director general of CFDA's Department of International Cooperation, said, "This marks a milestone in the history of China's pharmaceutical development history.”

He stated that it showed CFDA's ongoing reform of drug review and approval has received recognition from the international community.

In the future, Chinese patients are likely to have corresponding access to new medicines as patients in other countries, which will in turn promote Chinese pharmaceutical companies' innovation capabilities and international competitiveness.

JSCh · Jun 21, 2017

MSCI decides to include China A-shares in its EM Index
Source: Xinhua | 2017-06-21 06:20:16 | Editor: huaxia

Photo taken on June 20, 2017 shows the website of global equity indexes provider MSCI on a computer in New York, the United States. (Xinhua/Wang Ying)

NEW YORK, June 20 (Xinhua) -- Global equity indexes provider MSCI announced Tuesday that beginning in June 2018, it will include China A-shares in the MSCI Emerging Markets (EM) Index and the MSCI ACWI (All Country World Index) Index.

MSCI plans to add 222 China A Large Cap stocks, representing on a pro forma basis approximately 0.73 percent of the weight of the MSCI Emerging Markets Index at a 5-percent partial Inclusion Factor, according to its 2017 market classification review released Tuesday.

MSCI said the decision has "broad support from international institutional investors" with whom the company consulted, adding that it was primarily as a result of the positive impact on the accessibility of the China A market of both the Stock Connect program and the loosening by the local Chinese stock exchanges of pre-approval requirements that can restrict the creation of index-linked investment vehicles globally.

Since MSCI rejected the inclusion of China A-shares in 2016, Chinese authorities have taken several measures to ease international investors' concerns over the A-share market's accessibility: arbitrary trading suspensions were better regulated, restrictions on qualified foreign institutional investors were further relaxed, while the Shenzhen-Hong Kong stock connect scheme was launched to broaden channels of foreign investment in the A-share market.

"International investors have embraced the positive changes in the accessibility of the China A shares market over the last few years and now all conditions are set for MSCI to proceed with the first step of the inclusion," said Remy Briand, MSCI Managing Director and Chairman of the MSCI Index Policy Committee. "The expansion of Stock Connect has been a game changer for the market opening of China A shares."

According to the review, a two-step inclusion process will be used to account for the existing daily trading limits on Stock Connect. The first inclusion step would coincide with the MSCI's May 2018 Semi-Annual Index Review followed by the second step which would take place as part of the August 2018 Quarterly Index review.

"When further alignment with international market accessibility standards occurs, sustained accessibility is proven within Stock Connect and international institutional investors gain further experience in the market, MSCI will reflect a higher representation of China A shares in the MSCI Emerging Markets Index," said Briand.

Han Patriot · Jun 21, 2017

JSCh said:
CFDA officially accepted as member of int'l standards organization
By Gao Yun
2017-06-19 17:19 GMT+8

China Food and Drug Administration (CFDA) has become a member of the International Council for Harmonisation of Technical Requirements for Pharmaceuticals for Human Use (ICH).

ICH, set up by the US, Europe and Japan in 1990, is an international organization that standardizes global drug registrations and manufacturing practices.

Its mission is to ensure safe, effective, and high quality medicines are developed and registered in the most resource-efficient manner.

Acceptance of the CFDA by the organization means China's drug regulation is now in line with international standards and this has boosted the hope of selling Chinese pharmaceutical products abroad.

Screenshot of CFDA's announcement on its website

Yuan Lin, director general of CFDA's Department of International Cooperation, said, "This marks a milestone in the history of China's pharmaceutical development history.”

He stated that it showed CFDA's ongoing reform of drug review and approval has received recognition from the international community.

In the future, Chinese patients are likely to have corresponding access to new medicines as patients in other countries, which will in turn promote Chinese pharmaceutical companies' innovation capabilities and international competitiveness.

Get ready for the Chinese generics onslaught.

lcloo · Jun 22, 2017

Hengqin city 横琴, a place largely unknown even among the Chinese except residence of Macau. It is a ultra modern city in the making, located on an island next to Macau. It was known as Hengqin island with a few fishermen families working on fish and oyster farms before 2009.

In 2009 Chinese government approved converting this quiet island to a new ultra modern city. It will be modern version of Shenzhen except there will be no factories.

The city is still under construction, initial phases including hotels, office buildings and university have been completed.

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