As of September 2024, Chinese manufacturing activities have decreased by six months in a row, and the price of factory shipments has fallen to a low level for the first time in 14 months.
Many other data also show that the Chinese economy has not improved, but has continued to stagnate.
The price of vegetables in China has continued to rise, and has reached its peak in the past 10 years.
Shanghai net users said that the price of Chinese cabbage is so high that they can't eat it anymore, and that Chinese cabbage is more expensive than pork, and that the price changes every day, and that it is like a luxury product.
In Beijing, Shanghai, Shicheng, and Shantou, the price of vegetables has doubled, and local net users lament that they used to eat meat as a reward for themselves, but that eating vegetables will be a reward in the future.
In China, the number of consumers in August reached the highest level in six months.
This increase is mainly due to the increase in food prices due to the weather, and not due to the deterioration of producer companies and the recovery of domestic demand.
According to the data released by the China National Bureau of Statistics on September 9, the CPI in August rose by 0.6% in the same period the year before.
In the summer of this year, extreme weather such as heavy rain and thunderstorms increased the price of agricultural products, which accelerated inflation.
According to Chinese official media reports, in August 2024, China was hit by a variety of natural disasters, and 1.45 million hectares of agricultural land was damaged.
Direct economic losses reached 4.24 billion yuan.
According to the China National Bureau of Statistics on August, the number of consumers in the country rose seasonally in the previous month due to the influence of the weather, such as high temperature.
The price of food in August rose 2.8% from the previous month.
Although the price of food products rose by 0.2%, it fell by 0.7% in July.
However, it is not because the economy is improving that prices are rising.
On the contrary, as many data show, the Chinese economy continues to decline.
According to data from Shanghai-based financial information service WINDINFORMATION, in the second half of 2024, the revenue from the investment banking business of 43 Chinese listed securities companies decreased by 41%.
The situation of the fund-raising scale of IPO and refinance cases is equivalent to that of a listed securities company.
If we subtract the cost, some listed securities companies have lost their investment banking business.
According to the data of WINDINFORMATION, the prepayment rate of the investment banking business of 17 listed securities companies is negative.
Among them, CHINA INTERNATIONAL CAPITAL recorded a loss of 7.84 billion yen and was in the lead.
Seven companies, including KA'AN SHOUKEN, SANSEI SHOUKEN, CHOUKOU SHOUKEN, and CHUXIN CAPITAL, have lost more than 50 million yen in their investment banking business.
In the second half of 2024, the revenue from Chinese listed real estate companies continues to decline.
According to statistics, the net profit of more than 100 listed real estate companies decreased by 80% in the same period of the previous year.
According to the monitoring data of CHINA INDEX ACADEMY, the net profit of 105 listed real estate companies, which rose in the second half of 2024, decreased by 13% in the same period of the previous year, and the net profit decreased by 82%.
Group A is listed in Shenzhen or Shanghai by companies established in mainland China.
On the other hand, Group H is listed in Hong Kong, where foreign investors can trade more freely and follow international accounting and financial reporting standards.
According to the research report of TENFU SECURITIES, the decline in the sales and profit of the real estate industry is expected to continue for a while in the short term as the overall sales distrust and decline in housing prices overlap.
In other words, except for the fluctuation of food and energy prices, the fluctuation rate of real estate is 0.3%, which is the lowest level in the past three and a half years. This value is below 0.4% in July.
Consumers' share price increased by 0.4% last month, but the increase rate decreased by 0.1 points from last month.
This data is worse than the decrease of 0.8% in July.
Capital Economics Assistant Economist Gabriel Un said,
We believe that the increase in assets will push up the domestic demand for the next few months.
However, the government policy has always prioritized investment, which will further worsen the problem and continue to be a burden on inflation.
According to the principles of China's economic activities, commercial companies around the world have revised their forecast for China's economic growth rate in 2024 and have set an official target of about 5% set by the Chinese authorities.
Professor Jin San-ei of the Chinese People's University once revealed the following facts in a video.
Many of the leaders of African countries have no particular purpose in coming to China, but simply rush to China to see, play, and eat delicious food.
Supporting a single China policy on the Chinese side.
If you say that Taiwan is part of China's debt, you will immediately reach out and ask for money.
According to the statistics of Tsinghua University, in order to maintain this principle, China spends 300 billion yuan every year.
At the opening ceremony of the China-Africa Cooperation Forum Summit held on September 5, Xi Jinping announced a major partnership action plan for the modern world.
Among them, in the second trade partnership action plan, it was unilaterally decided to provide China and other countries, including 33 African countries, with high-speed development and 100% zero-tax treatment.
Also, in the next three years, the Chinese government has promised to provide 3.6 billion yuan in financial support.
On the other hand, a net user said,
Overseas, they spend money in one way or another, and internationally, they sell the assets of the local government to make ends meet.
In addition, they buy private companies and the people as double.