EU fighting to counter China’s influence in global south, says top official

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“What's important is that we begin to see real, meaningful growth on the consumption side—demand picking up...rather than overall GDP”

This is why #China isn't the global growth driver. No matter the GDP figure.

Pull up a chair, this may take a while.
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'More attention is now being paid to the vast potential of Asia beyond #China ...In addition to its well-known interest in #India , #Tesla is taking a closer look at #Thailand , the EV capital of SE Asia, where green mobility is rapidly gaining traction'

cnbc.com/2024/05/12/wit…

'A series of research reports from brokerages on #China ’s recent bad credit data disappeared from social media over the wkd, highlighting the increasing difficulty of getting reliable info about 🌍’s 2nd-largest economy'

If only there was a better way! bloomberg.com/news/articles/…

If credit demand is the name of the game, the game is really really weak.

Here is what China Beige Book showed back in Q1, many weeks before low TSF & cratering M1 hit the headlines.

While monetary stimulus again failed to lift corporate borrowing, the news wasn't any better on the fiscal side for the big stimulus bulls. China Beige Book's proprietary Fiscal Activity Index fell for a third consecutive month in April.

CBB's Miller joins Squawk Box to discuss #China 's economy & the potential impact of rising #tariffs this week & beyond.

CNBC
cnbc.com/video/2024/05/…

Stimulus!

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CBB's Miller joining #Bloomberg BSurveillance 845amET to talk China's economy & preview 'Tariff Day'. Tune in!

CBB's Scissors joins CNBC to discuss key issues to watch for in the U.S.-China tariff saga.

cnbc.com/video/2024/05/…

What did China Beige Book proprietary inflation gauges reveal in Apr?

'CBB’s input cost, sales price, and wage rate indices all slowed versus March. But on-year comparisons showed prices accelerating compared to last April, which may yield reassuring official inflation measures.'

'SoftBank subsidiary Arm will foray into the development of artificial intelligence #chips , part of CEO Son's 10 trillion yen push to transform the group into a sprawling #AI powerhouse'

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'Chinese consumers are seeking discounts and lower-cost shopping bc of their cautious attitude toward spending after covid amid lower economic growth & slowdown in property. BABA and JD have responded to this trend but they risk lower margins by doing so.'
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' #China is planning to turn a tropical island province roughly the size of Belgium into the world’s largest duty-free shopping zone, as it tries to persuade shoppers to buy their luxury goods at home & stimulate a lagging domestic economy'

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No surprises here for China Beige Book clients. As we wrote in our April data release note:

'Corporate borrowing fell, despite loan rejections plummeting and interest rates falling. Beijing is trying to encourage borrowing to at least hold steady, and it’s not working.'

Could looming tariffs lead to a devaluation of the Chinese Yuan?

China Beige Book's Leland Miller shares his view on the possibility for geopolitical risk:

* 510pm

'State-owned #SAIC Motor will share its hybrid car technology with 2 of its JV partners... #Volkswagen & #GeneralMotors will adopt the hybrid car tech developed by the Chinese company'

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CBB’s Miller joining CNBC's Fast Money 530pmET to talk #China #tariffs & US-China relations heading into the election. Tune in!

Douyin (Chinese TikTok) has now announced users will not be able to post content about social affairs, law, and finance. China is even banning Chinese TikTok in China!