Chinese Economics Thread
- Thread starter Norfolk
- Start date
Not my fault america is the land of clowns, and uses different measures than the rest of the world. I count like the rest of the world. That's why you use standardized methods so to have a possibility to compare.
USA gdp growth 1q 3.5% 2q 1.7%
China gdp growth 1q 4.8% 2q 0.4%
Poland gdp growth 1q 8.5%, 2q 5.3%
Germany gdp growth 1q 3.7% 2q 1.7%
Where is recession? Recession is coming but not yet there.
Chinese GDP is always much lower in Q1 and increases with every quarter. Presumably this is related to Chinese New year and local officials pushing for additional projects closer to the end of the year so they can meet their targets. That's why the comparison with the same quarter of the previous year makes more sense for China. America's GDP is about the same every quarter, so a quarter on quarter comparison makes sense for them
Interesting video, still a bit of a doomer video if you ask me.
Im completely sure how he thinks a Japanese style of decline is going to happen. Best connection i could get out of the video is China's skewed demographic because of the one child policies? He also talks how China is monetarily independent, so something like that plaza accord which could function as some sort of currency shock therapy seems out of the question?
He also doesn't seems to cover the scenario of intervention and continue on growing 4~5% or so.
Unlike Japan in the 80s China's GDP growth is because of the growing size of its industrial and manufacturing base.
The demographic factor could be a problem in the future, but it isn't for now as millions of Chinese are migrating from rural to urban areas.
AssassinsMace
Lieutenant General
All these China is collapsing narratives in the media are all about how the West doesn't want any money invested into China because of their own dire situations. They have paint China as a bad place to invest. The alarm bells are ringing in the West. Their supply chains spread throughout the non-Western world meaning without them all their prices go up. Whether it's from their their own sanctions or someone denying it from them, their economies are vulnerable.
Where are they getting the narrative that there's an exodus of capital investment out of China? Do we have any meaningful data to support such narrative?
Additionally, why would those companies leave the 2nd largest economy in the world who's economic performance maybe down but it's not as gloomy in comparison to many western economies that these morons seem to miss on reporting? Where would those companies sell their products to? Taiwan? South Korea? Ukraine? For the life of me I can't or fail to understand the genius of these doom and gloomer that don't or wouldn't respect China's global importance and the impact it has played in our lives in the west.
AssassinsMace
Lieutenant General
All you have to do is see how in the US where if lies are told repeatedly, people actually start believing in them. I hear plenty of average people think China is collapsing because that's what they're being told. I've talked about before how there was story after story that Chinese were buying up French wine vineyards which outraged the French. One US wine journalist was going write about it too but then decided he was going to fly to France to see for himself. He found out no such thing was happening and found only one vineyard owner that would be upset if it were happening. That's means it just took one journalist to lie about it and then following articles telling the same thing were just repeating what was said in the first article as this wine journalist was going to do himself before deciding to see himself. That kind of journalism is happening a lot these days.