Chinese Economics Thread
- Thread starter Norfolk
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No one is saying China don't have issues. What we are saying the west has got more of an issue than China. But it is the west that's gaslighting China. Not the other way around.
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But why should China care about the West?
Does China need to check what the West is doing before it decides to implement a policy, take a decision?
We all know that the West is sinking under their debt but that doesn't mean that China is also perfect.
So better for China to work on its own and ignore the outside noises
Anyway this was a hypothetical scenario of wanting China to burst its bubbles if the new cold war wasn't happening. There is a lot of debt accumulated in various sectors which is in urgent need of a "clean up"
It would suffer recession for 1-2 years but it would emerge much stronger as a result of removing its debt shackles
Btw there is a simple saying that helps people, "dont shoot the messenger", the West is full of debt but the message still stands even if it is coming from hypocrites.
I admit though, that China has been working hard on the last months on reducing risks and bubbles. However the risks are getting higher now with all this Western printed money coming into China
I think you miss understood. No one here is saying China don't have issues, also everyone knows China is working it's way through these issues.
What we are saying is the west is pointing a finger at China, when their issues are far bigger and immediate than China's. What I'm pointing out is the hypocrisy of the whole western shit show.
Why should China care? Why I doubt they do. It is I and others care, because of the west s hypocrisy. And the manipulations of the world finacial system to gain an advantage over China.
The nature of the news cycle and the nature of human news consumption is that we are interested in "big story" items with a capital B and capital S.
But not every new scientific development is going to be groundbreaking and immediately implementable, just as not every concern or bubble is going to herald the end times or necessitate a strategic level intervention.
With the general news story around the "Chinese economy," the reasons why stories of the latter "concern/bubble/hardlanding" type are so often derided is because of the long record of such stories going back to the late 90s written with the tone of "imminent crisis".
That is why your article is being negatively received -- not because there are no technical merits or decent arguments made in it, but the narrative it is trying to create.
Remember, news stories are never about only conveying facts, but also about conveying narratives and indeed, "stories".
May PMI data were released for manufacturing and service sectors in May. Above 50 signals expansion, below 50 is contraction
Manufacturing PMI at 51.0 vs 51.1 estimate
Service PMI at 55.2 vs 55.1 estimate
Interesting figure. Small businesses are still hurting
The sub-index of small enterprises dropped to 48.8 from 50.8 in April
The index for manufacturers’ input prices jumped to 72.8 in the month, the highest since 2010.
Manufacturing PMI at 51.0 vs 51.1 estimate
Service PMI at 55.2 vs 55.1 estimate
Interesting figure. Small businesses are still hurting
The sub-index of small enterprises dropped to 48.8 from 50.8 in April
The index for manufacturers’ input prices jumped to 72.8 in the month, the highest since 2010.
AssassinsMace
Lieutenant General
Your keep posting articles from dubious and unreliable sources, which fails to intelligently contribute to our understanding of issues facing China. It is not that China does not have issues, it is just that your post from blatantly biased source and sensational proclamation only muddles the issues and does not help anyone.
At the end there arent a lot of "reliable" sources as you said yourself. Are BBC, NYTimes, Washington post, Reuters, SCMP, Bloomberg etc reliable sources?
Mainly no, they are all part of the US foreign arm but they each have their own "style" so pick your poison from which news you want to post
In my previous posts which cited SCMP they were at least sourcing from Chinese authorities so at least you can get some "unbiased" direct reporting from there
In any case as I said, why is everyone is so picky? Maybe you want a Global Times source, lol..
We have a standard roster of "news" where we can source from and it is important to separate the messenger (western news) from the message (citing Chinese authorities)
Why even have this thread open then? Most of the news are coming from western websites, so should we close the thread and be done with it?
There is a clear inability on focusing on the main message and getting distracted by the West's own failings.
Did you just become "anyone" and you suddenly represent the whole forum? Did you made a poll which had 100% participation where everyone agreed that my posts (which mainly include news) do "not help anyone"?
If you are so against "dubious and unreliable sources" then as I said to another poster, contact the mods and the admin to make a blacklist of which news are acceptable.
So by your own logic, lets throw BBC, Reuters, AP, SCMP, Guardian, Bloomberg, Financial Times and all these western sources to the list and ban them forever.
Then we can keep the bastions of quality and investigative journalism such as Global Times, Xinhuanet, People's Daily to a whitelist and only allow these sources to be posted in the forum
I am sure this wouldnt create an echo-chamber, right?
How is it Japan is so popular despite invading Southeast Asia? Maybe it shows that colonizing a territory makes the people there look up to you as masters and therefore they start to admire and emulate you.