The Spend, Spend, Spend Strategy..
Temu is going all in on Marketing (including in this Sunday’s Super Bowl) Marketing spend: • 2023 - $1.7 billion • 2024 - $3 billion (est.) source : wsj
Donald Trump is pitching a 60% tariff on all Chinese imports.
That would shrink a $575bn trade pipeline to practically nothing, Bloomberg analysis shows. For China ’s economy and its slumping stockmarket — down >40% from its 2021 high — that’s bad news. Worse, Trump’s rhetoric may add pressure on Biden to take harsher measures in the run-up to election day Source: HolgerZ, Bloomberg
China's aging population: by 2050 the median age will be 50.7
Source: Markets & Mayhem
The Economist cover
Source: The Economist
JUST IN: China's consumer prices declined at the fastest speed in 15 years in January.
CPI fell 0.8% in January on an annual basis, more than the median estimate for a 0.5% decline in a Reuters poll. This was its fourth straight decline and its biggest drop since 2009. Meanwhile, China’s PPI fell 2.5% in January from a year earlier, the National Bureau of Statistics reported Thursday, slightly better than expectations for a 2.6% decline.
China Gold and Silver Sales Hit Six Year High
Sales of gold, silver and jewelry have been brisk for months, defying wobbles in the Chinese economy centered around the protracted crisis in the property market. Retail salesin December, the last month for which data is available, were at a six-year high. source : bloomberg
China 10Y yield moves below 2.47%, breaking Covid19 lockdown lows.
China 10Y yield moves below 2.47%, breaking Covid19 lockdown lows. With local equity market imploding and real estate in freefall, fears of a Japanese style deflationary spiral are growing. Should China devalue the renminbi ? Chart vy Sylvain Baude, CFA, Bloomberg
BREAKING: WILD morning in Chinese markets. Nearly 30% of all stocks in China have been halted as China's CSI 1000 index slides 8% in a matter of hours.
CSI 1000 was down nearly 9% at one point. The more broadly tracker indexes CSI 300, HSI, HSTECH reversed most losses in the morning Source: Bloomberg, David Ingles
