samedi 30 avril 2022

Chinese economy in 2022 is not that good

 China indicated an easing in its crackdown against the once-freewheeling tech industry on Friday. President Xi Jinping wants to boost the economy in the face growth-sitting COVID-19 lockdowns. This sent shares in online heavyweights soaring.

China's powerful Politburo met with Xi to announce that it will increase policy support for the second-largest economy in the world, including its platform economy. This boosts investor hope that the worst is over after a multi-pronged crackdown that started in late 2020.

According to two sources familiar with the matter, optimism was also fueled by reports that China’s top leaders will host a symposium with a variety of internet companies in early January. The event is expected to be presided over by Xi. One source claimed that Meituan, a food delivery company (3690.HK), was one of those invited.

Due to confidentiality restrictions, the sources were not able to be identified.

South China Morning Post first reported that the meeting was being attended by tech giants Alibaba Group Holdings (9988.HK), Tencent Holdings (0700.HK), and TikTok owner ByteDance.

One source said that authorities are trying to reassure corporate executives about the regulatory environment, and encourage them to grow their businesses.

The Hang Seng Tech Index rose 10% to its highest level since Vice Premier Liu He made six weeks-long promises of policy support. Alibaba and (9618.HK), e-commerce giants, rose 16%, Meituan rose 11%, and Tencent rose 11%

source Reuters

On Friday afternoon, the depository receipts for and Alibaba trading in U.S. market were up 7.8% and 7.5% respectively.

The Chinese government policy

"The Chinese government has tried to catch up with the U.S. in regulating a tech sector that has grown at an unbelievable rate over the past ten years," stated Kevin Carter, the CIO of EMQQ Global. This fund, made up roughly 50% of China's equity tech securities, was created by EMQQ.P.

A member of the Chinese Business club in a event said, "This meeting might signal that the government believes they are caught up."

According to Jason Pride, Glenmede's chief investment officer for private wealth, the market's reaction indicated that Beijing was easing off on its excessive profits at China’s largest internet companies.

Anti-monopoly regulations in China

Beijing sought to control a variety of industries in an effort to crack down on anti-monopoly regulations, data privacy rules, and bridge a growing wealth gap that threatened to undermine the legitimacy of Communist Party rule.

However, the economic consequences of crackdowns on ecommerce, private education, and the property sector have been severe. China has since relaxed some of its measures to aid an economy that is still under strict COVID-19 lockdowns.

Sources said that U.S. and Chinese regulators discussed operational details of an audit agreement Beijing plans to sign this year. This latest attempt to prevent Chinese companies being removed from U.S. exchanges.

U.S. securities regulators have identified Chinese firms that could be delisted from New York because they do not meet auditing requirements. This has caused more fund managers to sell their holdings and dimmed prospects for new listings.

The Politburo, China's top decision-making body, pledged to complete the "special rectification" of the platform economy, without indicating a time frame or laying out support measures for its development.

Beijing has set a growth goal of 5.5% for this year. Private economists say it will be hard to achieve without substantial support. COVID-19 lockdowns, and other severe curbs to combat the pandemic, create havoc in supply chains and businesses. Continue reading

Gaming licenses

China lifted a nine month ban on gaming licenses earlier in the month to reduce the economic impact of the ban. Continue reading

China announced in January that it would reduce subsidies for electric cars and plug hybrids by 30% in 2022, and then scrap them completely at the end.

 lockdowns in China 

However, sales of cars fell in April due to lockdowns. China's state planner stated this week that it was meeting with the industry to discuss government support for these vehicles. This signaled a more supportive stance.

According to state-run Xinhua news agency, Politburo stated that it would support COVID-hit companies and small businesses, accelerate infrastructure construction and stabilize transport logistics and supply chains during Friday's meeting.

Gary Ng, senior economist for Natixis Hong Kong, stated that the Politburo meeting was "a positive sign" that the government wants to prioritise growth over a lot other goals like deleveraging or regulatory changes in the short-term.

mardi 26 avril 2022

Artists market in China

Artists in China ... big development since 3years 

 an agent who can help you find the right artist in China 

If you want to find an agent who can help you find the right artist, then please contact us! We would be happy to help you find the right artist and provide all the information you need to get to know more about art in China.

influencers & followers in China

Code for followers is a system that helps you to be allowed to influencer in China. It will give you a code that you can use to follow these people and make some comments on their posts. It’s that easy! All you need is your Instagram account, though, because you won’t be able to follow any people who don’t have an Instagram xiaohongshu account.

lundi 25 avril 2022

China Top New

 Top news and video about China April 2022

Shanghai COVID Lockdown: Merchant Mariner Talks About Being Trapped in China

Gravitas: Why global investors are dumping Chinese stocks

Global investors are feeling jittery about investing in China. In March, over $11 billion has gone out the door. Why are foreign investors dumping Chinese stocks

vendredi 1 avril 2022

Challenges for Western Brands in China


Challenges for Western Brands in China

To track down a Chinese accomplice, fare and sell in China, focusing on the Chinese market, foster its guanxi , to get comfortable China, grow its business in China, discover d es Chinese financial backers, contact Chinese influencers work with Chinese , convey on Chinese interpersonal organizations pull in Chinese clients and Chinese vacationers in France , be recorded on Baidu the Chinese Google, make a WeChat record to arrive at Chinese customers, the individuals from the Chinese Business Club France Chine meet over time in Paris to meet :

Lockdown in China 

Covid lockdown extended in Shanghai as outbreaks put economy on the skids
China’s largest city and financial powerhouse is struggling to cope with the country’s worst outbreak since the start of the pandemic in Wuhan

IT has been longer than a year since China lifted Wuhan’s lockdown. The world’s second biggest economy declared a 18.3 percent extension in (GDP) for the main quarter of 2021 from a year prior. Development was driven by solid homegrown retail deals and fares.

SME invest on Tmall = Lockdown = e-Commerce

SMEs remain to profit as they acquire extended admittance to a lot of information and understanding. Purchasers will likewise benefit from the new model since they will get a bigger choice of value merchandise and will be acquainted with new brands and items. In addition, the whole interaction will speed up the speed of advancement, changing tech and retail.

Douyin & Short video

“Short video stages have such an excess of traffic that they can fundamentally do any business,” said Shawn Yang, overseeing head of Blue Lotus Capital Advisors. “Douyin isn’t just in promotions, yet additionally live-real time, internet business, neighborhood life administrations and search. This has a great deal of space for creative mind.”