I dont disagree with you on this. Given that other factors are pushing down the economy, I think any kind of direct cash injection would backfire.
Chinese Economics Thread
- Thread starter Norfolk
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Once the outbreak is controlled, I think they could increase investment in the economy, accelerate projects. That will not only help them bounce back higher but also help the global economy in a time that the rest of the world looks like is heading to a bad situation due some issues like the war in Ukraine and the FED busting of the U.S asset bubble. Lets see what happens.
Shenzhen and Guangdong managing to control the outbreak sooner helped to alleviate what could have been a nightmare in the global supply chain.
Not very relevant if you do a comparison with China and the rest of the world. If China economy is having a dip, then the USA and the EU are in craters right now. Everyone one makes mistakes but it is whether they can fix the mistakes or take steps to remedy the situation that’s shows the strength of a nation. The fact that China can still function has still have cheaper gas and oil come their way while the USA is losing lots of the resources (weapons, gas, oil and even food) due to mismanagement while the EU is basically screwed. So in relative terms, China is still going to go forward no matter the challenge and Xi isn’t going to give up doing his best for China. But still I wonder if the west realises just how bad the economic damage is right now given everything happening right now. The mistakes that Xi is alleged to have made pales in comparison to almost every single leader in the world including even Putin and he makes very little in ways of mistakes especially compared to the likes to Boris, Macron, Olaf and Biden who quite frankly if not for the media blitzing and the amount of gas lighting going on should all have been thrown out of power ages ago. I mean Xi and Putin would be crucified upside down if they make even one percent of the mistakes that these western leaders make and that long speaks volumes on the sheer calibre that Xi and Putin have compared to the west.
They probably have never heard of "义务教育", high school education is almost free by this point, the rate of high school entrance is currently 91.2%，it seems to me that, they mistake this article titled "63% of the children from rural village area had not one day of high school" with "60% of the Chinese never had one day of high school".
OH and FYI, this article is from 2017, it's way outdated in China's standard
What we should be aware of, is that PMI is a survey.
They ask managers to give their opinion about what is coming next.
If a week long holiday in China, then obviously those managers are not stocking up. That survey number will go down.
That is the time the Western media will harp on that.
This is an observation I made for myself years ago.
Since the PMI is not that important, then the propaganda associated with that is even less important.
When the holidays are over, business back to usual, the China bad PMI numbers tend to go away, until the next Chinese holiday.
The pandemic economy is the exception.
You don't live here.
If you did, you would recognize that this is only a cheap tactic the politicians always use against the other party.
The politicians the press, are the most sneaky people around in North America. You can't trust them at all.
They would say all this crap, because they know their audience, ie us voters, do not really care, or not paying attention, or too misinformed to even know what the press and politicians are talking about.
It is not easy to describe how bad things really are, to those people who do not live here. It is like stupidity is contagious like covid, you know.
Look at this war in Europe. In the last two months, in a couple of newspapers in Toronto, every week there would be a FAQ type of article explaining things.
Like ... WTF?
Like, people who read newspapers, never heard of WW1, or WW2, or the Cold War, or NATO.
This is awful, but I am not surprised.
People more interested in smoking dope than to dabble in that ancient history, that all of the sudden has come alive.
Today riding the bicycle, I had my mask on. I was going fast, so I breathing hard. I did not know someone was smoking marijuana on the streets, and I almost inhaled. Usually I hold my breath. When the neighbours go outside into their backyard to smoke the dope, I close all the windows.
So when the politician or media levels an accusation against an opponent, it sticks, because no one cares for the real story.
People are too busy with the job, playing games, smoking dope. It is like classical notions of knowledge, that is not needed anymore.
I am not sure how this stupidity became so prominent.
After a while, we tend not to care anymore. No one else does.
Wrong, trade wars,
How? As of right now there's periodic black outs in India due to the severe heatwave with temperatures rising and averaging at 44 degrees Celcius (111 Fahrenheit) during the day and 33 degrees Celcius at night which pushes the greater demand for air conditioner that's causing greater strain on the country's perilous supply of energy that are mostly coming from coal power plants. The country already lost an estimated 4 MILLION Indians (WHO estimation) to Covid-19 last year and then you add this another natural calamity with more Indians dying now coupled with India's lack of sufficient infrastructure to even compete at a comparable with China how is India going to achieve that laudable but very ambitious goal? But okay I guess, more power to India.