Chinese Economics Thread

[Overbom]

China's growth in 2021 was 8.02%, higher than projected by Chinese leaders who said growth would be above 6%.

Chinese leaders were smart when they set the above 6% target.
They took into account worse-case Covid scenarios, potential trade frictions with the West, and property sector deleverage

That China still managed to hit 8% is impressive itself.

For 2022 the downward pressure will be the property sector which is accepted by Chinese leaders as a necessary thing to happen in order to transition the economy away from the property sector.
Then there is covid and consumption lagging behind

On the other hand emerging industries will most likely log 2-digit growth, and the innovation system improving.

 

[Tyler]

The stock market is not the real economy. The S&P has *doubled* since end-2019. Has the US economy? This is driven by infinity QE.

According to some people. bitcoin is like digital gold. This guy started binance in 2017 and is now a billionaire.

 

[xypher]

China's growth in 2021 was 8.02%, higher than projected by Chinese leaders who said growth would be above 6%.

That's even funny.

In the first two quarters of the year 2021, the World Bank, IMF and other organizations estimated that China's growth would be between 8.1-8.5%, the statement of Chinese leaders was a growth plan above 6%, in the end of the year when two revisions of China's GDP growth had already been made is that they finally got the growth rate right and that only happened in the last quarter of the year 2021. I think that the crystal ball of these analysts is not working properly.

As we enter the last quarter of the year 2021 and more precisely in December, analysts who put a growth of 8.1-8.5% stated that Chinese leaders were aware that they did not, which is quite obvious.

One of my favorite hobbies is laughing at those predicted economic analyzes that are always reviewed throughout the year.

Wait, did the official numbers come out already?

 

[Suetham]

Wait, did the official numbers come out already?

Official figures have not yet been released, because the balance sheet for the last quarter of 2021 has yet to be closed, the 8.02% growth is based on estimates of the fourth quarter economic growth of 3.7%.

 

[AssassinsMace]

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If Americans think China is only rich because they buy Made in China and the trade surplus is the biggest ever, how do the "experts" think China's economy is in shambles...?

 

[Overbom]

 

[BlackWindMnt]

View attachment 81267

Seems like China has flattened a other curve but on the y-axis

 

[Overbom]

Seems like China has flattened a other curve but on the y-axis

All thanks to China's zero covid strategy.
Which is why the West is in full blown media propaganda war against China "failed" covid management strategy

 

[sndef888]

Does anyone have the numbers for China's 2021 GDP and predicted 2022 GDP?

Been seeing lots of conflicting answers, IMF says 2021 is 16.8 trillion (2021) and 18.46 trillion (2022) but that seems implausible as it would mean over 9% growth in 2022 isn't it?

Also saw someone saying it's 17.7 trillion for 2021

 

[Egg roll]

Does anyone have the numbers for China's 2021 GDP and predicted 2022 GDP?

Been seeing lots of conflicting answers, IMF says 2021 is 16.8 trillion (2021) and 18.46 trillion (2022) but that seems implausible as it would mean over 9% growth in 2022 isn't it?

Also saw someone saying it's 17.7 trillion for 2021

I pretty sure China 2021 GDP was over 17 trillion.