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00:00 The bubble is still indicating the Chinese economy and is present in the Chinese economy
00:07 and in the vision of everyone who looks at the Chinese economy
00:10 because the economic data that is issued from China seem to be very much in line with the growth rates.
00:17 Why? Because, for example, industrial production in April grew strongly and more than expected
00:23 when it recorded 6.7% growth in April and in the first four months it grew 6.3% while the previous reading was 6.1%.
00:34 This seems more than expected compared to April which was estimated at 5.5%.
00:40 Manufacturing, which is mainly based on exportation within China,
00:45 and this is important for the industry sector and the industry's activity, which the data also showed that it grew during the past period.
00:53 But on the other hand, local consumption and investment in fixed assets still have problems.
01:01 The investment in fixed assets is slowing down or growing at least 4.2% compared to 4.6% in the 100.
01:11 As for the distribution of shares and real estate investment, the real estate sector is still struggling to run despite all the attempts
01:22 that China has made previously since the lifting of restrictions due to the coronavirus pandemic.
01:28 We have seen in the first four months of this year that the real estate investment has slowed down and is now back to 9.8%
01:38 and this is also a sign of the continuation of the decline in the real estate sector.
01:43 China is making new efforts to stimulate this sector and to encourage people to buy and accept real estate,
01:53 which is mainly based on fixed assets and which is still vacant in China.
01:58 The distribution of shares is an important issue for the Chinese economy and China is clearly suffering from it
02:06 because in April we saw a decline in the sales of shares to 2.3% or less than expected,
02:17 despite the fact that during this period there were holidays, workers' holidays, and also various holidays in late April and early May.
02:28 It is also expected that the sales of shares will increase, but the local consumption and the fear of spending will remain
02:34 due to the consumers' concerns due to the stagnant situation in China.
02:40 China is trying to provide incentives for investors and individuals to spread stability in their minds towards the economy
02:52 and also to encourage investors and individuals to spend.
02:55 China has decided to offer a program to sell bonds for 6 months,
03:03 in which it will sell long-term bonds worth 138 billion dollars, or 1 trillion yuan.
03:10 It is also trying to stimulate the real estate sector by making a number of important decisions.
03:16 First, it has reduced the minimum real estate loan limit, and it has also reduced the first payment required for the purchase of houses from individuals
03:27 from 25% to 15% in an attempt to stimulate the real estate sector.
03:33 In addition, it has allowed local governments to buy some of the existing houses between two lines.
03:41 Also, if we look at the economic data, we will see that exports grew by 1.5% in April, which is positive.
03:50 Also, imports have jumped by more than expected to 8.4%.
03:55 Perhaps the markets have also looked at the issue of imports as an incentive for the economy.
04:02 But if we look at the confidence, it is, as we have seen, at the lowest level in about 20 years.
04:09 So, the convergence that we see in the Chinese economy in terms of data,
04:14 adds more uncertainty to the economic growth rates in the near future.
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