China's Factory Activity Shrinks Again | Bloomberg: The China Show 7/1/2024

“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Stephen Engle give global investors unique insight, delivering in-depth discussions with the newsmakers who matter.
00:00:00 Bloomberg: The China Show opens
00:00:17 Le Pen’s far-right pary wins French first round
00:03:43 China factory activity contracts for second straight month
00:15:59 FX strategy with Saxo's Charu Chanana
00:25:39 BNP Paribas' Jacqueline Rong on outlook for China's economy
00:35:07 How China is remaking Hong Kong in its own image
00:45:44 Breaking: Caixin China manufacturing PMI hits three-year high
00:47:02 Euro rises after French vote; China shares slip
00:52:39 Deep dive on Hong Kong's future with former lawmaker Emily Lau and Hong Kong General Chamber of Commerce CEO Patrick Yeung
01:12:40 Exclusive interview with Sumitomo CEO Shingo Ueno on the firm's expansion plans amid yen weakness
01:19:07 Bloomberg Economics: Tankan price signals point to BOJ hike in July
01:03:43 High-speed traders, short sellers face growing Asia crackdown
01:32:33 The China Brief: Foreign investment, stock market outlook in focus
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[@shigai9727]

No talk of Shenzhen-Zhongshan bridge? Wow this is politically censored Bloomberg.

[@rainieresguerra6519]

China can easily hit its economic growth target. After all, it is the manufacturing capital of the world and manufacturing economic data is something normal for the CCP.

[@ToiChutGongWu]

Happy Hong Kong Special Administration Establishment Day to all.

[@sc225]

Kind of hard to follow China stock market using red as up and green as down. The rest of the world are the other way around...lol have to be extra careful. You might fix it up.

[@TkoddaLee]

Doesn’t look like china is a good place to invest

[@2023gainer]

2023 EV sales increased 35 % over 2022 sales. FSRNQ.. Fisker.. Blade Evtol Jets...Frey .Nio... Xpeng...QS... Joby Evtol Jets.. ChargePoint and more.

[@ArabicReja973]

Chinese 🇨🇳 property sector, which accounts for 30% of GDP, is crashing.
- Exports and imports, accounting for 37% GDP, are down.
- Foreign investment (FDI) is falling over 90%, lowest in 3 decades.
- Foreign visitors are down 96% compared to the pre-pandemic level in 2019.
- Consumer prices are experiencing deflation.
- Youth unemployment hits over 21%, a record.
- Its fast-shrinking workforce is 10 years older than neighboring countries.
*Still, China keeps reporting outrageous GDP numbers.* Lol
Where does the growth come from?

[@lastChang]

In 2023, real China's 🇨🇳 economy shrank -3.5% as opposed to 5.2% expansion as officially announced.
- So this year, they will just publish a 5% growth regardless of their economy.