De economische statistieken uit China voor de maand juli vallen weer tegen. De officiële cijfers waren lager dan voorspeld. Let wel op: er is nog altijd geen krimp (volgens de officiële cijfers). Wel komt retail met 0,6% groei wel erg dicht in de buurt van nominale deflatie. Je zou kunnen zeggen dat in reële cijfers de deflatie al in sommige cijfers sluipt. Op de huizenmarkt dalen de prijzen ook nog altijd – en dat is een groot probleem in een land waar zoveel huishoudens hun spaargeld in bakstenen gestopt hebben.
Uit Duitsland en Spanje komen ook interessante economische cijfers. Het banenverlies in de autoindustrie gaat nog altijd door. Dat is nog niet afgelopen. In de nieuwe realiteit zijn het de Duitse fabrieken waar veel overcapaciteit is – nu er minder vraag is naar brandstofauto’s in het algemeen en Duitse auto’s specifiek. Uit Spanje komt een stuk over toegenomen vraag naar Chinese hybrides. Dat zal de Duitse problemen verergeren.
Onder Amerikaanse buitenlandexperts is er veel onrust over een vriendelijke tweet van Donald Trump over de Noord-Koreaanse dictator Kim Jung Un. Trump heeft de opdracht gegeven om een militaire oefening met Zuid-Korea af te schalen. Dat komt bovenop nieuws dat het altijd in Azië aanwezige vliegkampschip nu richting Iran gedirigeerd wordt. Onderzoek laat ook zien, dat er minder Amerikaanse marineschepen door de Straat van Taiwan varen sinds Trump terug is. Stimulans voor de Chinese hoop op een nieuwe ‘strategische stabiliteit’ dankzij consolidatie van de Amerikaanse positie in Azië.
Taiwan’s annual agricultural ambassadors to visit the Netherlands – Focus Taiwan 🇳🇱
Spionagesoftware: Behörden knöpfen sich MG vor – Table Briefings: „Das Kraftfahrt-Bundesamt (KBA) prüft die Softwarearchitektur des MG4. Das hat die Behörde auf Anfrage von Table Briefings bestätigt. Es besteht der Verdacht, dass in dem Elektro-Fahrzeug des chinesischen Herstellers MG Software läuft, die einen Fernzugriff und das Auslesen von Daten des Autos und angeschlossener Mobiltelefone ermöglicht.“ 🇩🇪
Job losses mount in German automotive sector as challenge from China intensifies – SCMP: ‘Germany’s automotive industry shed 42,300 jobs in the year to the end of June, sending employment to its lowest level since 2005’
‘Puls attributed the job losses to overcapacity in Germany and the shift to electric vehicles (EVs).’
‘Chinese carmakers could capture 15 to 30 per cent of the European market by 2035, up from about 10 per cent this year, Citi analysts said on Wednesday, while Volkswagen Group brands excluding Porsche could see a volume drop of more than 500,000 vehicles by 2035 compared with last year.’ 🇩🇪
China’s PHEVs, outmanoeuvring EU tariffs, gain traction in Spain – SCMP 🇪🇸
Dealer: waarschuwing verzekeraar Univé over Chinese auto’s is „zwaar overtrokken” – BNR Nieuwsradio: „Volgens verzekeraar Univé kan de dekking voor die nieuwe auto's hoger uitvallen dan autokopers verwachten.”
„Brancheorganisatie Bovag erkent dat met name Chinese nieuwe automerken opstartproblemen hebben.” 🇳🇱
China heeft Europa ook met deze belangrijke grondstof in zijn greep – RTL Z: „De EU loopt verschillende risico’s door de Chinese afhankelijkheid voor wolfraam, schrijft het Centre for Materials & Resilience (CMR) in een rapport.” 🇪🇺
Antwoord op vragen van het lid Van Lanschot over het bericht dat de Defensie investeert in Spaanse en Chinese 3D Machines – Staatssecretaris Boswijk, Tweede Kamer der Staten-Generaal: „Het betreft geen Chinese machine, maar een in China geassembleerd systeem. De kritieke componenten van dit systeem zijn afkomstig uit Europa en Japan.” 🇳🇱
Nokia to close almost all sites in mainland China by year end, sources say – SCMP: ‘government agencies and state-owned companies had increasingly favoured domestic technology and equipment in recent years, leaving less room for Nokia’s telecoms products.’ 🇫🇮
De moeilijkheden van Nokia en Ericsson om marktaandeel te veroveren en/of verkrijgen in China waren altijd een mooie illustratie van Chinese hypocrisie m.b.t. Huawei en ZTE.
Why is Chinese state media telling people to stop using English AI terms? – SCMP: ‘in favour of standardised Chinese equivalents in a push to boost the country’s “discourse power”.’
Canada review of Argentina lithium sale tests warming ties with China – Nikkei Asia: ‘A Chinese company’s purchase of a lithium mine in Argentina from a Canadian peer’ 🇨🇦🇦🇷
China is pulling the plug on an older version of Microsoft Windows tailored for government agencies, part of a broader effort to reduce its dependence on foreign technology – Bloomberg: ‘moves up the schedule to discontinue the operating system’
Xí Jìnpíng 习近平 will skip UN General Assembly ahead of Trump summit – POLITICO 🇺🇸🇺🇳
Chinese vessel suspected of conducting survey within Japan’s economic zone off Okinawa – Jiji Press 🇯🇵
Japanese PM’s address blurs Japan’s responsibility for its acts of aggression, Chinese foreign ministry spokesperson says – Xinhua: ‘Those with insights in Japan pointed out that a country without sense of remorse can hardly gain trust and what the defense minister has done amounts to supporting the war of aggression, said Lin.’ 🇯🇵
Trump orders Pentagon to cut back military exercises with South Korea – Reuters 🇺🇸🇰🇷
US Navy transits of Taiwan Strait drop under Trump – Taipei Times 🇺🇸🇹🇼
US to boost Guam defences – Taipei Times 🇺🇸🇬🇺
Maintaining peace and stability in Korean Peninsula serves interests of all, Chinese foreign ministry says – Xinhua 🇰🇷
Goede timing.
Xí Jìnpíng 习近平 says China supports Latin American countries in safeguarding regional peace and stability – Xinhua: ‘the course of development and revitalization of Latin American and Caribbean countries should not be disrupted, and the right of Latin American and Caribbean countries to independently choose their cooperation partners should not be interfered with.’ 🇪🇨🇺🇸
China’s Foreign Minister Wáng Yì 王毅 to visit South Korea from August 19-20 – Reuters 🇰🇷
Jordan’s king to visit China – Xinhua: ‘This visit marks King Abdullah II's ninth visit to China since his accession to the throne’ 🇯🇴
Can China’s new Arctic sea route to Europe replace Middle East chokepoints? – Al Jazeera
China’s foreign ministry dismisses Palau president’s allegations on missile test – Xinhua 🇵🇼
Suspicious ‘consulting firm’ website trying to hire former Singapore foreign ministry personnel – CNA 🇸🇬
China investment slump deepens as economy shows signs of weakness – FT: ‘Industrial output expanded 4.5 per cent in July on a year earlier, official statistics showed on Monday, short of the 4.8 per cent forecast by a Reuters analyst survey’
‘Retail sales rose just 0.6 per cent last month, compared with analyst forecasts of 1.5 per cent growth and 1 per cent in June’
‘Fixed asset investment declined 6.7 per cent for the first seven months of the year’
China’s economy got off to a sluggish start in the second half, as industrial output, consumption and investment fared worse than expected – Bloomberg: ‘Societe Generale SA economists including Wei Yao said the country’s growth momentum is “collapsing” outside tech.’
China’s new-home prices fell at a faster pace in July, denting optimism that the prolonged property downturn may be nearing a bottom – Bloomberg: ‘New-home prices in 70 cities, excluding state-subsidized housing, dropped 0.18% from June when they slid 0.15%, figures from the National Bureau of Statistics showed on Monday. Resale home values, which are subject to less government intervention, decreased 0.29%, a slight improvement from the previous month’s 0.32% drop.’
China’s economy showed across-the-board weakness in July and growth likely slipped further below the government’s annual target, sparking a call from Premier Li Qiang on officials to ramp up supportive measures – Bloomberg: ‘“We must anchor efforts to development goals, give full play to the effectiveness of existing policies, and promptly formulate practical and effective incremental policies,” Li said at a Monday meeting of China’s cabinet’
Economic Watch: China’s economy weathers July pressures as new growth drivers strengthen – Xinhua: ‘The country's economy showed "resilience and vitality" as proactive macro policies helped cushion external and domestic pressures’
‘Innovation is driving new growth momentum and improving the economic structure, a trend that continued in July’
China moves to unlock county-level consumption, energize domestic demand – Xinhua: ‘tapping the vast lower-tier markets as a new source of domestic demand and economic growth.’
‘Not worth the squeeze’: global private equity makes zero deals in China – FT
Chinese President Xí Jìnpíng 习近平 upheld former leader Jiāng Zémín 江泽民’s legacy of combining economic development with firm Communist Party rule, using the centenary of his predecessor’s birth to reinforce the political foundations of his own agenda – Bloomberg
China’s Xí Jìnpíng 习近平 praises former president Jiāng Zémín 江泽民’s contribution in show of party unity – SCMP: ‘In his speech on Monday, Xi praised Jiang for managing major risks to the country, including political, economic risks and natural disasters.’
Xinhua Headlines: Xí Jìnpíng 习近平 urges advancing socialism with Chinese characteristics on centenary of late leader Jiāng Zémín 江泽民 – Xinhua
Manoj Kewalramani licht een interessante paragraaf uit de toespraak van Xi over de beslissing van Jiang om zijn functies in stappen over te dragen aan opvolger Hu Jintao.
Top Chinese general Zhāng Shēngmín 张升民 draws on Jiāng Zémín 江泽民’s legacy to highlight importance of loyalty in military – SCMP: ‘Zhang highlighted the existential threats China faced in the late 20th century and how Jiang steered the People’s Liberation Army through the turmoil that followed the fall of the Iron Curtain in Europe in 1989.’
Het gebrek aan loyaliteit van de strijdkrachten aan de communistische partijen krijgt in Pekings analyse een belangrijke rol in het Chinese narratief over de val van het Oostblok.
China’s top legislature to review draft law against cross-border corruption – Xinhua
Chinese navy’s combat software guru Zhao Xiaozhe disappears from academy website – SCMP
China pakt racistische AI-video’s over buitenlanders nauwelijks aan – NOS Nieuws
Exclusive: Wise to restore bank accounts of ‘wanted’ Hong Kong activist in UK after sudden closures – HKFP 🇬🇧
Soldier indicted for leaking military secrets to China-linked group – Focus Taiwan: ‘Prosecutors said the Chinese national belonged to the "Wolong Society," a group allegedly established to recruit active-duty Taiwanese military personnel to gather classified information.’ 🇨🇳
German scholar Jürgen Kremb was followed by Chinese woman in Taiwan, Investigation Bureau says – Focus Taiwan 🇨🇳🇩🇪
Taiwan president says record defence spending is investment in peace – Reuters
KMT accuses Lai of ‘double standard’ over NT$10,000 [€270] cash handout – Focus Taiwan: ‘Chen pointed out that when the KMT proposed the NT$10,000 cash handout in May, the Cabinet had emphasized “fiscal discipline,”’
KMT urges Lai to double planned cash handout to NT$20,000 [€540] – Taipei Times
Premier Cho declines to countersign child savings legislation – Focus Taiwan
What does the Han-Fu argument reflect within the KMT? – New Bloom: ‘Han [Kuo-yu] is aiming to differentiate his political brand from KMT heavyweights perceived as increasingly pro-China.’
Executive Yuan appoints Wen Chun-yu as NCC representative – Taipei Time: ‘to maintain the commission’s basic operations after the terms of the last three commissioners expired on July 31, leaving all seven posts vacant, the NCC said yesterday.’
Opposition’s budget cuts hamper fight on Chinese disinformation – Taipei Times
The DPP, KMT, and TPP report financial results for last year – Taipei Times: ‘Due to restrictions imposed by the Ill-gotten Party Assets Settlement Committee, NT$925.25 million in dividend income could not be collected [by the KMT].’
Bedankt voor het lezen van de Chinese Wouden 森中台! Deze post was gratis, voel je vrij om hem te delen of laat je waardering blijken d.m.v een kleine donatie.
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