lundi 16 janvier 2023

4 surprising news about the Chinese Economy


China's bulk commodity index c

While global inflationary pressures are expected to ease somewhat in 2023, inflation is unlikely to decline quickly. The latter is likely to remain elevated compared to pre-Covid levels.

China's bulk commodities market development index reversed its downward trend in December 2022, according to industry data.

China's bulk commodity index came in at 101 percent during the period, up 0.8 percentage points from the previous month, according to the China Logistics and Purchasing Federation.

An index above 100% indicates expansion, while an index below 100% reflects contraction.

The bulk commodity supply and inventory sub-indices both rose from the previous month, and the decline in bulk commodity sales eased in December.

The federation predicts that the national bulk cargo market will perform better in 2023.

“We would be surprised if developed countries manage to reach target inflation levels of around 2% in the near future. We expect weaker global economic growth in 2023, although we still expect to see earnings growth and dividends from a number of companies we own," they said.

Geopolitically, elevated tensions between China and the West, particularly the United States, are likely to continue. The two analysts do not foresee an escalation to the point of a military conflict in Taiwan.

This country is a fully functioning country, has a productive workforce and is home to many successful companies that hold large market shares and high barriers to entry, with very few state-owned companies. Corporate governance is particularly strong and we believe Australia faces far fewer long-term environmental risks than many other countries in the region and around the world."

The manager also highlights Singapore, which is home to many interesting companies with revenues from across Southeast Asia. In addition, thanks to its flexible immigration policy and stable economy, a considerable number of wealthy Chinese residents are deciding to settle there, a trend that is expected to continue and which should benefit Singapore.

Over the next decade, India is expected to contribute about 20% of total global growth.

China’s pet industry was worth RMB 298.8 billion (US$44.4 billion) in 2020 and reached a projected RMB 348.8 billion (US$51.5 billion) in 2021, a year-on-year growth rate of 16.7 percent. The iResearch white paper also projects the industry to reach RMB 445.6 billion (US$66.1 billion) by 2023.

The Sales Volume of Scarves is Higher in China

Scarves have a huge market volume in China. According to the data from the National Bureau of Statistics of China (NBS), the Chinese scarf market has a scale of 250 billion CNY (33.9 billion EUR) in 2022. This market volume was boosted by 2 factors:

The strong power of textile products in China 

A research by Statista in 2019 shows that clothing and accessories (including scarves) are the third most purchased luxury goods in China with a 44.6% acceptance rate.

China’s Baby Care Market in 2022, chck this 

Following rising concerns about Chinese babies’ health over the years, baby personal care, in general, is poised to witness significant growth. In 2019, the market size of mother and baby products in China reached approximately 2.7 trillion yuan, growing at around a 15% rate annually in the past three years.

According to market research, the China baby care products market is expected to grow at a compound annual growth rate of 10.69% between 2020 and 2027 to reach a market size of US$23.469 billion in 2027, from US$11.531 billion in 2020. Chinese young parents pursue high-end lifestyles, particularly in lower-tier cities.