Chinese Economics Thread

56860

56860

Senior Member
Registered Member
Overbom said:
Declining/stagnant home prices + wage increases = cheaper homes for everyone. Keep this up for 5 more years and homes will be much easier for people to buy

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For example, based on an
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, single-family homes cost 75% more today than they did in 1987, when the index started.
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Meanwhile in land of the free, home of the brave
 
Blitzo

Blitzo

Lieutenant General
Staff member
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Crang said:
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Is this what you call the Depression stage for the Economist?
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I've merged these three posts.

Please, if you are going to post links to articles, especially ones behind paywalls, provide at minimum a summary of what the article, or ideally provide the text of the article in your post.


Reading an article takes effort, so please consider using some effort to write a post as well, beyond simply ctrl+c and ctrl+v'ing a URL.
 
O

Overbom

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Registered Member
Crang said:
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Is this what you call the Depression stage for the Economist?
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Here is a link for reading this article.
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Its not that surprising. Xi's administration had already made all these plans for domestic R&D since 2013 or so. Anyone who was paying even a minimal attention would have known about this. Even this year, there are have been released multiple transformative 5 years plans.

However, no one is paying attention. Plans for robotics, AI, regulators, R&D, court system, IP system, market factors, data, manufacturing, trade, tech, biotech, semiconductors etc.

However no western media covers these plans. They think its the "commie" "fantasy" plans. And the media also don't want report on long-term plans as it is too "long-term" for their liking.

As a result, we get the above articles where everyone acts surprised to what is happening in China regarding R&D, and economic development
 
O

Overbom

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Registered Member
Huge increase.
"Decoupling"
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Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 25.6 percent year on year to 379.87 billion yuan in the first quarter of the year, the Ministry of Commerce (MOC) said Thursday.
In U.S. dollar terms, the inflow went up 31.7 percent year on year to 59.09 billion U.S. dollars
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Specifically, foreign investment in China's high-tech industries logged a sharp yearly increase of 52.9 percent, with the volume hitting 132.83 billion yuan during the period.
FDI in high-tech manufacturing rose 35.7 percent from the same period a year ago, while that in the high-tech service sector surged 57.8 percent year on year, the data showed.
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In the January-March period, FDI flowing into the country's central region reported a rapid year-on-year increase of 60.7 percent, followed by 23.4 percent in the eastern region and 21.9 percent in the western region.
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O

Overbom

Brigadier
Registered Member
Official Q1/March GDP data for China are going to be released on Monday

Bloomberg is pessimistic
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China’s Key Economic Data to Show Price Paid for Covid Zero​

  • Industrial output growth to slow, retail sales seen down 3%
  • Property investment growth also seen slowing in March
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Retail sales likely fell 3% in March from a year ago, according to the median forecast of economists in a Bloomberg survey, the first contraction since July 2020.
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Industrial production likely eased in the month as factories in pandemic-stricken areas were shuttered, workers were confined to their homes and supply chains were disrupted because of congestion at ports.
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Major technology and manufacturing hub Shenzhen and auto manufacturing base Jilin province were locked down last month, while mass testing was carried out in the city of Dongguan, a key city for the production of shoes, toys and textiles. Businesses said they faced difficulty buying raw materials, or suffered extended delivery times due to virus control measures.
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Outlook​


The growth outlook hinges largely on how quickly China can bring the outbreaks under control and how much Beijing is willing to sacrifice its economic growth to defend the Covid Zero policy. While authorities have recently dialed up the rhetoric on adding fiscal and monetary stimulus to support growth, a lack of demand from businesses to expand and consumers to spend will likely make the policies less effective than planned.
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