10/14/2021 Financial News In China: Money Supply M2 Increased By 8.3% YoY In September; Binance To Halt Crypto Services For Users In Chinese Mainland

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1.China’s Money Supply M2 Increased By 8.3% Year-On-Year In September, RMB Loans Increased By 1.66 Trillion Yuan

At the end of September, the balance of M2was 234.28 trillion yuan, a year-on-year increase of 8.3%, and the growth rate was 0.1 percentage point higher than the end of the previous month and 2.6 percentage points lower than the same period last year; the balance of M1 was 62.46 trillion yuan, An year-on-year increase of 3.7%, the growth rate was 0.5 and 4.4 percentage points lower than the end of last month and the same period of last year respectively; the balance of currency in circulation (M0) was 8.69 trillion yuan, an increase of 5.5% year-on-year. In the first three quarters, net cash issuance was 255.2 billion yuan.

At the end of September, the balance of domestic and foreign currency loans was 195.56 trillion yuan, a year-on-year increase of 11.4%. The balance of RMB loans at the end of the month was 189.46 trillion yuan, a year-on-year increase of 11.9%, and the growth rate was 0.2 and 1.1 percentage points lower than the end of the previous month and the same period last year, respectively. In the first three quarters, RMB loans increased by 16.72 trillion yuan, an increase of 462.4 billion yuan year-on-year.

2.September 2021: Consumer Prices Rose By 0.7% Year-On-Year And Remained Flat Month-On-Month

In September 2021, national consumer prices rose by 0.7% year-on-year. Among them, urban prices rose by 0.8%, rural areas rose by 0.2%; food prices fell by 5.2%, non-food prices rose by 2.0%; consumer goods prices rose by 0.2%, and service prices rose by 1.4%. On average from January to September, national consumer prices rose by 0.6% over the same period last year.

In September, the national consumer prices remained flat month-on-month. Among them, the price of food was flat in cities and 0.1% in rural areas; the price of food dropped by 0.7%, and the price of non-food rose by 0.2%; the price of consumer goods was flat, and the price of services rose by 0.1%.

3.September PPI Rose 10.7% Year-On-Year And Extractive Industry Prices Rose 49.4%

In September 2021, the national ex-factory prices for industrial producers rose by 10.7% year-on-year and 1.2% month-on-month; the purchasing prices for industrial producers rose 14.3% year-on-year and 1.1% month-on-month. On average from January to September, the ex-factory prices for industrial producers rose by 6.7% over the same period last year, and the purchasing prices for industrial producers rose by 9.3%.

It is worth mentioning that among the purchasing prices of industrial producers, the price of fuel and power rose by 30.3%, the price of ferrous metal materials by 23.3%, the price of non-ferrous metal materials and wires by 22.6%, and the price of chemical raw materials by 20.7%. The price of mining and quarrying industry increased by 49.4%, the price of raw material industry increased by 20.4%, and the price of processing industry increased by 8.9%.

Comment: Under the authoritarian regime, the statistics of the news above is nothing but fake to fool the world and the Chinese people. In fact, the economy is collapsing.

4.CCP Premier: The Economy Declined Due To Various Reasons In The Third Quarter

CCP Premier Li Keqiang said on Thursday that the current Chinese economy is still operating smoothly, and the main macroeconomic indicators remain within a reasonable range. The economy has fallen in the third quarter due to various reasons, but China’s economic resilience is huge and it is fully capable of achieving full-year development. Target.

At the opening meeting of the 130th Canton Fair, he pointed out that China will continue to maintain the continuity and stability of its foreign trade policy, and establish a batch of comprehensive cross-border e-commerce experimental zones before the end of the year. It is necessary to take advantage of all available opportunities and adhere to free trade and fair trade.

Comment: As they lied about the CCP virus pandemic, CCP leaders are now deceiving the the Chinese deplorables and also the world. With the worsening of Chinese economy, the collapse of world economy is imminent.

5.The Second Batch Of Centralized Land Supply In Beijing And Shanghai This Year Has Cooled Significantly, And The Housing Market Is Expected To Be Pessimistic In The Winter

The second round of centralized land supply in Beijing and Shanghai this year ended on the same day on Wednesday. Compared with the first batch of performance, the housing market has generally increased debt pressure. Under this background, the overall expectation is pessimistic. Looking back on the recent second round of land auctions across the country, private enterprises have basically disappeared under heavy pressure.

According to data from the Zhongzhi Research Institute, the second batch of Beijing launched a total of 43 cases involving residential land, of which 26 cases were postponed due to no real estate company registration, 5 cases were sold ahead of the reserve price due to only one real estate company participating in online bidding, and the remaining 11 cases were completed on-site bidding on Wednesday. In the second round of land supply in Shanghai, a total of 41 plots were finally sold from October 11th to 13th, and the three-day transactions were 7.089 billion yuan, 22.8 billion yuan and 23.9 billion yuan.

6.Binance Announced To Halt Crypto Services For Users In Chinese Mainland With Corresponding Accounts Will Be Switched To The ‘Withdrawal Only’ Mode

The latest round of China’s regulatory crackdown on virtual currencies continues to expand. China’s largest virtual currency exchange-Binance announced on Wednesday that Binance C2C will be held on December 31, 2021 in response to local government regulatory policy requirements. At 0:00 (East Eighth District Time) The CNY trading area will be removed.

Binance posted an announcement on its official website and stated that Binance will conduct a check on platform users. If the platform finds users in mainland China, their corresponding accounts will be switched to the “withdrawal only” mode, and users will only be able to withdraw and withdraw Order, redemption, and liquidation operations.

7.17 Cases Terminated, Hangzhou’s Second Batch Of Centralized Geothermal Supply Plummeted

As of September 30, 15 of the 22 key centralized land supply cities have completed the transfer activities. Compared with the first batch of centralized transfers, the land market in the second batch has cooled down significantly. 13 of the 15 cities have cancelled listings or failed auctions. Most of the land parcels were sold at the reserve price, and the number of failed auctions + canceled listings exceeded one hundred.

After the second batch of centralized land supply in Hangzhou, the second centralized sale was finally completed on October 12. The transaction amount reached 25.75 billion yuan, the average floor price was 14,795 yuan/㎡, and the average premium rate was 4.59%.

8.Civil Aviation Administration: Passenger Transportation In The First Three Quarters Recovered To 71% Of The Same Period In 2019

On October 14, the Civil Aviation Administration held a regular press conference. Deputy director of the Aviation Safety Office of the Civil Aviation Administration, introduced the safety production and operation of civil aviation in September and the third quarter of 2021.

In September, civil aviation production and transportation showed a gradual recovery trend, with major indicators rebounding significantly from the previous month. The industry’s total transportation turnover, passenger transportation, and cargo and mail transportation were 6.89 billion ton-kilometers, 36.117 million passengers, and 599,000. Tons, the month-on-month growth was 40.3%, 61.2%, and 15.2%, respectively, and the year-on-year decline was 17.7%, 24.7%, and 10.1%. In the first three quarters, the industry’s total transportation turnover, passenger transportation, and cargo and mail transportation volume were 66.93 billion ton-kilometers, 353 million passengers, and 5.456 million tons, respectively, an increase of 22.0%, 25.8%, and 14.3% year-on-year, respectively, returning to 2019. 69.3%, 71.0% and 100.1% in the same period of the year.

【G Translators- Financial Team】
Author: Andrew

Disclaimer: This article only represents the author’s view. Gnews is not responsible for any legal risks.

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