@drowingfish bro the confidence will surely take a hit but its small with the latest figure estimate between $300 -150billion those figure are speculative at best and its a property company NOT A BANK. That is enough differentiation between Lehman and Evergrande with the latter can be restructured with enough assets to cover its liability.
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Chinese Economics Thread
- Thread starter Norfolk
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@gadgetcool5 bro coming from WSJ I'll take it with a large grain of salt, with high export numbers consumption barometers can easily achieved an upward trend as mitigating factor such as covid prevention and restriction are in place in August, let see what happen in this month and the coming golden week holiday in OCT 1.(national day)China’s Economic Recovery Is Looking Gloomier
BEIJING—Growth across a range of Chinese economic indicators pulled back sharply in August, as a new outbreak of the Covid-19 Delta variant and tighter government regulations on the property market hit consumer spending and the housing sector.
Retail sales, a key gauge of China’s consumption, rose just 2.5% in August from a year earlier, down sharply from , according to data released Wednesday by China’s National Bureau of Statistics. The result marked the lowest pace of growth in a year and missed by a large margin the 6.3% increase expected by economists polled by The Wall Street Journal.
I always ascertain why WSJ is so fascinated on any negative news about China, why wouldn't they report the coming economy disaster looming in the US housing market ( bigger than Lehman 2008 crisis) and inflation going to the roof.
@gadgetcool5 bro coming from WSJ I'll take it with a large grain of salt, with high export numbers consumption barometers can easily achieved an upward trend as mitigating factor such as covid prevention and restriction are in place in August, let see what happen in this month and the coming golden week holiday in OCT 1.(national day)
I always ascertain why WSJ is so fascinated on any negative news about China, why wouldn't they report the coming economy disaster looming in the US housing market ( bigger than Lehman 2008 crisis) and inflation going to the roof.
And there's room for stimulus if required.
China Could Be Heading for First Balanced Budget Since 1985
bloomberg.com/news/articles/2021-09-09/china-could-be-heading-for-first-balanced-budget-since-1985
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The economy is slowing, as can be seen in slower growth in electricity generation.@gadgetcool5 bro coming from WSJ I'll take it with a large grain of salt, with high export numbers consumption barometers can easily achieved an upward trend as mitigating factor such as covid prevention and restriction are in place in August, let see what happen in this month and the coming golden week holiday in OCT 1.(national day)
I always ascertain why WSJ is so fascinated on any negative news about China, why wouldn't they report the coming economy disaster looming in the US housing market ( bigger than Lehman 2008 crisis) and inflation going to the roof.
The economy is slowing, as can be seen in slower growth in electricity generation.
Given the shortages of raw materials and shipping bottlenecks, China realistically can't grow much faster.
Pumping in more money will just cause inflation.
China retail sales remain strong despite August statistical fluke
China’s disappointing retail sales report for August was a fluke due to seasonal factors, Asia Times analysis shows. Chinese consumer stocks fell sharply after the National Statistics Bureau reported a paltry 2.5% year-on-year increase in retail sales, against an analyst consensus forecast of 7%. Consumer discretionary and consumer staples stocks fell by 2.6% in the CSI 300 Index.@ht1688 we need to fact check WSJ, Bloomberg and SCMP...LOLChina retail sales remain strong despite August statistical fluke
China’s disappointing retail sales report for August was a fluke due to seasonal factors, Asia Times analysis shows. Chinese consumer stocks fell sharply after the National Statistics Bureau reported a paltry 2.5% year-on-year increase in retail sales, against an analyst consensus forecast of 7%. Consumer discretionary and consumer staples stocks fell by 2.6% in the CSI 300 Index.
lmao, it wasn't seasonal. All released Chinese data figures are seasonally adjusted@ht1688 we need to fact check WSJ, Bloomberg and SCMP...LOL