D’après un sondage d’opinion effectué conjointement par la Chine et le Japon, 92,2 % des Japonais n’avaient pas une bonne opinion de la Chine, une augmentation de 4,9 points par rapport à l’année précédente et le chiffre le plus élevé pour la seconde fois depuis le début de l’enquête en 2005.

En revanche, les 62,9 % d’opinions non favorables au Japon pour les Chinois sont restés pratiquement au même niveau. Le sondage a eu lieu cette année au moment du rejet dans l’océan de l’eau traitée de la centrale de Fukushima Daiichi, qui a été suivi par l’arrêt des importations des produits marins nippons par la Chine. Cette série d’annonces semble avoir détérioré les sentiments des Japonais vis-à-vis de la Chine.

À la question concernant le pays le plus important pour l’avenir du leur, 53,5 % des Japonais ont répondu « les États-Unis ». La Chine est venue en seconde position mais avec seulement 5,7 % de réponses. Pour les Chinois, la Russie est arrivée en première position avec 27,0 %, suivie par les États-Unis (23,0 %) et le Japon (15,0 %). Alors que la Russie était largement en tête avec 48,4 % lors du sondage de l’année précédente, elle a perdu 20 points cette année pour arriver pratiquement au même niveau que celui des États-Unis. Le Japon n’avait obtenu que 5,8 % l’an dernier et a donc considérablement progressé cette année.

@axios
 
Foreign investment in China goes negative for first time in decades https://trib.al/YuXkCGD
 

IMF upgrades China's 2023, 2024 GDP growth forecasts

China's economy is set to grow 5.4% this year, having made a "strong" post-COVID recovery, the International Monetary Fund said on Tuesday, making an upward revision to its earlier forecast of 5% growth, while expecting slower growth next year.
 
The IMF said continued weakness in the property sector and subdued external demand could restrict gross domestic product growth to 4.6% in 2024, which was still better than the 4.2% forecast contained in its World Economic Outlook (WEO), published in October.

@financialjuice
 
THE US AND CHINA ARE PREPARING TO RESTART MILITARY-TO-MILITARY COMMUNICATION - AXIOS.

Baidu ordered 1,600 of Huawei Technologies' 910B Ascend AI chips - which the Chinese firm developed as an alternative to Nvidia's A100 chip - for 200 servers, the source said, adding that by October, Huawei had delivered more 60% of the order, or about 1,000 chips, to Baidu.
 
The second person said that the order's total value was approximately 450 million yuan ($61.83 million) and that Huawei was to deliver all of the chips by the end of this year. Both people declined to be named because the details of the deal were confidential.

Comprehensive comparison of China and US debt levels
 
According to the International Institute of Finance (IIF) monitoring report on global debt, China and the United States not only account for nearly half of the world's economy but also hold over 50% of the world's debt in the real economy.
 
In contemporary macroeconomic analysis, macro debt is generally divided into four sectors:
 
Household sector
Non-financial corporate sector
Government sector
Financial sector
 
The combined debt of the first two sectors is referred to as "private non-financial sector debt," while the combined debt of the first three sectors is known as "non-financial sector debt," which is what we usually refer to as "total debt of the real economy." The debt of the financial sector mirrors the debt of the real economy sector.
 
Furthermore, government sector debt can be further distinguished as "central government (federal government) debt" and "local government debt." In addition, there are hidden debts of local governments or central governments (included in non-financial corporate sector debt or financial sector debt).  
 
Next, let's take a look at the debt comparison of the household sector. According to data from the Bank for International Settlements (BIS), the US Federal Reserve, and the China National Balance Sheet Research Center (CNBS), the household sector debt leverage of China and the United States in the first quarter of 2023, based on their respective GDP, was 63% and 71%.
 

 
(...)
 
As for the comparison of debt burdens between the household sectors of China and the US, a simple contradiction is:
 
If their household sectors were heavily indebted, why are US mortgage rates so high while housing prices continue to rise?
 
If China's household sector had a lighter debt burden, why are our mortgage rates so low while our housing prices have been declining?
 
The secret lies in the distribution of GDP.
 
According to data from the International Labour Organization, China has the lowest share of labor income in GDP among the major economies. In the process of GDP creation, the income of Chinese workers is systematically suppressed. Therefore, the income and wealth possessed by China's household sector are actually insufficient to support a debt ratio as high as that of the United States.
 

 

 
Based on this calculation, in the past 20 years, the household sector in China has had the heaviest debt burden, surpassing even the peak debt burden of US households in 2007. The reason why housing prices in China have been declining since 2022 is due to this heavy debt burden!
 
In contrast, the debt burden of US households is currently much lower than it was in the past 20 years. Therefore, it is natural for the American people to continue buying, even though the US currently has the highest mortgage rates in the past 20 years and housing prices remain strong...
 
(...)

@GordianKnotRay
 
Wang Yi: "Historical maritime disputes should be resolved through friendly consultation between direct parties ..." What he means is that #China's neighbors should submit to its vast maritime claims and not make trouble by seeking international support.

@Schuldensuehner
 
#China slid back into #deflation in Oct, suggesting domestic demand remains sluggish even after recent stimulus efforts to shore up growth. Consumer prices fell 0.2% YoY in Oct after hovering near zero in prev 2mths. Producer prices fell for 13th straight mth, dropping 2.6% (BBG)
 

Dmitri Alperovitch and guest co-host Patrick Gray interview Alicia García-Herrero, a Spanish-born economist based in the indo-Pacific and who specializes on China. They discussed why China has exhausted its growth potential and is now facing structured deceleration, which will be a major global deflationary trend.  Other topics covered: why the real-estate bubble will likely not cause a dire crisis, why stimulus spending will not solve China's fundamental problems, why China has not yet experienced the full impact of its demographics collapse, why their economic productivity is not improving and the impact of their economy on the future of Belt and Road Initiative (BRI)

@StephaneLagarde
 
La première visite en 6 ans de Xi Jinping aux États-Unis est confirmée. Le président chinois assistera bien au forum de Coopération économique pour l'Asie-Pacifique (APEC) à San Francisco du 14 au 17 novembre.

Et en marge du sommet, une rencontre Xi Jinping - Joe Biden le 15 novembre. A(re)lire sur  
@RFI

"Chers amis, savez-vous que derrière votre vie tranquille il y a des prisonniers chinois qui travaillent dans les prisons de Tianjin douze à quinze heures par jour sans manger ?" Dans le test de grossesse acheté à bas prix dans une pharmacie parisienne, une jeune femme découvre, stupéfaite, un message de SOS rédigé en chinois. Manuscrit, il émane d’un détenu incarcéré et réduit en esclavage à l’autre bout du monde. C’est le point de départ de cette enquête à la découverte des “prisons entreprises” chinoises qui produisent à la chaîne pour le reste du monde.