Energy evolution of China, mitigation of capital flow control..

chiny24.com 1 year ago

Significant mitigation of the control of the movement of capital in China: two-phase facilitation

W China is being tested for changes in the capital transfer strategy in 2 strategical locations of the country, namely the Lingang free trade region in Shanghai and the capital, Beijing. The planned crucial relaxation of rigorous controls on capital movements is simply a step towards facilitating abroad entities operating in China and abroad workers employed by these companies.

The fresh rules will let abroad investors to freely transfer investment-related measures to and from China without any delays or restrictions, provided that the measures are legally originating. besides foreigners employed in abroad companies in these zones will be able to freely transfer their wages and another incomes outside the country, according to the law.

The changes will not limit the kind of currency, amount or frequency of transfers. This is simply a crucial step in improving capital flows and encouraging abroad investment in China.

Source:

- q85f4a33ryaai.touzijia.com
- baijiahao.baidu.com
- xueqiu.com

Energy evolution of China: boom Renewable Energy Sources

Solar energy is becoming a key pillar of the Chinese energy sector, which is confirmed by awesome statistic for the first 8 months of this year. Solar energy production increased by up to +155%, reaching a power of 113 gigawatts. The increase in the production of polycrystalline silicon, silicon wafers, solar cells and photovoltaic panels reached 80% above the full production year before.

China has set ambitious targets for reducing carbon dioxide emissions, focusing on the improvement of renewable energy sources. Their plan is to scope the 2030 emissions summit and carbon neutrality by 2060. China has 1 of the world's largest solar farms in Golmud, Qinghai, with a power of 2.8 GW.

Exports of silicon wafers, solar cells and photovoltaic modules show a steady increase, expanding by 4.6% year-on-year in the first 7 months of this year. Although Europe remains a major outlet, Chinese PV products are increasingly entering emerging markets. Markets like South Africa are gaining importance, while India is losing its position.

Source:

- sohu.com
- baijiahao.baidu.com

China's largest cities: demographic situation

China has seen an increase in cities over 10 million inhabitants.

China presently has 6 mega-towns of over 15 million inhabitants, including Shanghai, Beijing, ShenZhen, ChongQing, GuangZhou and ChengDu. In addition, there are between 10 and 15 million people surviving in 9 cities: TianJin, WuHan, DongGuan, Xi’An, HangZhou, QingDao, ChangSha, HarBin and ZhengZhou.

Most children and adolescents aged 0 to 14 live in ZhengZhou – 19.05% of the full population, as well as in ChangSha – 16.64% and in JiNan – 16.44%. On the another hand, the group of older people over the age of 60 dominates cities specified as DaLian – 24.71% of the population, Shanghai – 23.38% and ShenYang – 23.24%.

The advanced number of older people in Shanghai, the heart of Chinese economy and finances, is peculiarly surprising.

Source:

- caijing.chinadaily.com.cn

Hong Kong: What about housing prices?

Analysts of the Swiss bank UBS have been monitoring the real property marketplace in 25 major business and finance centres worldwide for 8 years, including Hong Kong. The latest study showed that housing prices from mid-2022 to late June 2023 fell here by 7%, reaching the level from 2017. This most likely means the end of crazy price increases, which increased 4 times in Hong Kong between 2003 and 2018.

Despite the decline in property prices, their sales fell in September:

- by 16.5% compared to the erstwhile period and
- by 19.5% compared to the erstwhile year.

The value of the transaction decreased by 14.7% over the erstwhile period and by 14.4% over the erstwhile year.

Despite the fall in prices, Hong Kong housing prices are inactive highly high, and income stagnation and rising mortgage interest make it hard for many to get their own place. UBS experts are afraid about mediocre request for Hong Kong property, they claim that housing in this metropolis is overvalued. The increasing supply of housing is announcing a further weakening of the market.

High property prices in Hong Kong may discourage companies and talented workers from settling in the region. And this will adversely affect the full city and its people. According to the UBS report, in order for a individual with mediate and mediate pay education to be able to buy a 60-metre apartment, he would gotta work from 20 to 25 years, allocating the full wage for this intent and giving up another expenses, including food.