Glebors Global Finance has always advocated the entrepreneurial spirit of pioneering, adventurous and hardworking. Relying on the unique perspective, Glebors has launched various special issues in terms of the economy and finance, which has provided much more assistance to government decision-makers and business leaders.
China, the world’s second-largest economy behind the U.S is a key driver in the global economic expansion. China has been such a huge driver of growth and so negative for growth over the last year or two.
China ride-hailing giant Didi, known as "China Uber" has achieved double-digit revenue growth for the fifth consecutive quarter and is reportedly considering going public in Hongkong.
Shein, the fast fashion giant with links to China, has confidentially filed for a public listing in London as it faces backlash in the U.S.
Amid the sluggish economy, it is a tough environment for China tech giants which are facing slower growth and increasingly intensifying competition.
Zhihu, which is well-known as "China Quora", has significant increasing in gross profit margin in Q1, but its revenue has experienced the first decline since its IPO in 2021.
In light of expecting U.S. government will tighten its control over foreign ownership in the tech industry, U.S. venture capital companies exert pressure on some start-ups to prompt China investors to sell their equity.
Facing the headwinds in economic development, China govenment should step up the efforts to pivot toward increasing household income and stimulating the consumption, rather than continuing to rely on the traditional growth engines such as investment and export.
The data shows that the total economic output remains balanced, but the economic structure has undergone a fundamental transformation.
Under the multiple pressures such as the expiration of debt, funding environment worsening as well as performance contraction, top private real estate enterprises are facing debe default in public market.
For the last decade, China economy has exoerienced the transition from fast growth to solid growth, and the turning point for economy, which was triggered by the pendemic occured in 2022.
China’s property sector, the pillar of the economy, has fallen into a rut since 2021 after a regulatory crackdown on high leverage among developers which triggered a liquidity crisis.
In light of less substantial respond to the weakness of economy, China economy is showing a bleak picture. The challenge will be if the extent of economic recovery is far from satisfying, it will pile pressure on government to alter its policy course.
Longer-term structural reform is a very critical issue for the outlook of China and needs to be addressed drastically.
With the economic development and the missadjustment of policy, industrial overcapacity will be the new normal.
Growth in China has been weighed down over the past year by a slump in the country’s traditional economic pillars of real estate, infrastructure and exports.
More debt default is shaking the foundation of China real estate industry sharply.
