Chinese Economics Thread

[Chevalier]

That is precisely why the US government is so scared of Tiktok. The more killer apps China has the more they can leverage to make people move to their own OS in the future.

We have learnt a lot about the Anglo these past few decades. We have learnt that despite its proclamations of freedom and free markets, the Anglo betrays its strong religious puritanical desire for power and control.

If the Anglo Atlanticist leaders had paid attention in their three hundred thousand dollars a year Ivy League schools, they would have learnt that progress cannot be stopped just because religious figures issue edicts, whether it be the pope banning crossbows or the US President banning Chinese technology because it contravenes the Anglo state religion of white supremacy.
Even the papacy had to rescind edicts against the drinking of coffee just because it came from Islamic lands.

 

[xlitter]

https://twitter.com/i/web/status/1584558618736611328

China's GDP is 12 trillion USD for first 9 months of this year at current USD/CNY rates. Unless Yuan radically strengthens, full year GDP on track towards 16 trillion USD (lower than 17 trillion last year).

US projected GDP for this year is 25 trillion. China still has a long way to go. Poor demographics and continuing Zero Covid isn't helping.

China's current growth rate is based on constant prices!

Unit: trillion yuan

2022年Q3 30.76
2022年Q2 29.25
2022年Q1 27.02

2021年Q4 32.42
2021年Q3 28.99
2021年Q2 28.15
2021年Q1 24.8

2022
27.02+29.25+30.76=87.03
2021
24.8+28.15+28.99=81.94

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[Overbom]

https://twitter.com/i/web/status/1584558618736611328

China's GDP is 12 trillion USD for first 9 months of this year at current USD/CNY rates. Unless Yuan radically strengthens, full year GDP on track towards 16 trillion USD (lower than 17 trillion last year).

US projected GDP for this year is 25 trillion. China still has a long way to go. Poor demographics and continuing Zero Covid isn't helping.

Bs.
PBOC could send a cryptic message tomorrow that they want the currency to strengthen and next thing you know exchange rate rises and thus China's GDP rises overnight lol

That's what I call Trumpian Economics

 

[manqiangrexue]

https://twitter.com/i/web/status/1584558618736611328

China's GDP is 12 trillion USD for first 9 months of this year at current USD/CNY rates. Unless Yuan radically strengthens, full year GDP on track towards 16 trillion USD (lower than 17 trillion last year).

US projected GDP for this year is 25 trillion. China still has a long way to go. Poor demographics and continuing Zero Covid isn't helping.

You realize the RMB to USD rate went from 6.4 October of 2021 to 7.3 now, right? That's over a 14% drop for China in terms of nominal GDP for absolutely no reason while PPP growth, the true economic indicator, remains healthy. Well, no good reason; it's actually the US trying to stop inflation so every other currency is being devalued and China is calibrating to the world, not the US.

 

[FairAndUnbiased]

We have learnt a lot about the Anglo these past few decades. We have learnt that despite its proclamations of freedom and free markets, the Anglo betrays its strong religious puritanical desire for power and control.

If the Anglo Atlanticist leaders had paid attention in their three hundred thousand dollars a year Ivy League schools, they would have learnt that progress cannot be stopped just because religious figures issue edicts, whether it be the pope banning crossbows or the US President banning Chinese technology because it contravenes the Anglo state religion of white supremacy.
Even the papacy had to rescind edicts against the drinking of coffee just because it came from Islamic lands.

All about economics. I think due to their relatively weaker economies, NZ then UK will turn first. NZ is already wavering, wouldn't be surprised if they go full neutral within a few years. Then, If UK economy collapses, they only have 1 choice - China - and this time, they'll have to make some serious concessions. Their heavy industry is done. Splitting from the EU and being hostile to China (thus no longer RMB clearing hub of choice in the west) will destroy their financial industry. It's over for them. And though their economy is somewhat OK, politically where UK goes, Australia goes. Their position as an Anglo outpost in the Pacific is becoming more and more untenable.

Canada can't be split off easily but may be neutralized, or alternatively, force some certain country's hand and go full mask off (which would then split the Anglosphere).

 

[ACuriousPLAFan]

Video by an economist claiming that China's economy is smaller than reported, based on night-light data. He's not one of the usual China collapse guys either. Any thoughts beyond reflexive dismissal? It does seem like they're trying to use a relatively broad cross-country method to explain specific within-country differences. Nonetheless, what could explain the slow night-light growth?

Found the source of the "I-can-only-see-less-China-light-from-space-with-my-broke-a$$-camera-therefore-SeeSeePee-must-be-lying-about-economy" by this dvmbfvck, i.e. Jacob Helberg:

https://twitter.com/i/web/status/1587120590380404738

"His husband"

 

[AndrewS]

You realize the RMB to USD rate went from 6.4 October of 2021 to 7.3 now, right? That's over a 14% drop for China in terms of nominal GDP for absolutely no reason while PPP growth, the true economic indicator, remains healthy. Well, no good reason; it's actually the US trying to stop inflation so every other currency is being devalued and China is calibrating to the world, not the US.

@mossen

Chinese domestic growth shouldn't be called PPP growth.
Nor should the health of the Chinese economy be measured in nominal terms in USD.

Remember that China has a significantly larger economy than the US when measured by real output of goods and services.

It literally makes no sense to compare the domestic Chinese economy with a smaller US economy, and then use USD as the benchmark.

In the coming years, it mores sense to use the RMB as the default global measurement currency.

 

[Biscuits]

Think some all around wrong sources are being thrown around, or idiot gdp measurements like that from the light measuring retard that didn't know the optical satellites he's using don't account for the vast different in megacity lighting vs suburb lighting.

According to neutral IMF and even obvious US state source, world CIA factbook, China as of 2022 is at 30 trillion USD vs 25 trillion USD for America. These are the actual numbers so should put non factual discussions to rest.

As for whether gdp should actually be measured in RMB or USD, it doesn't matter because before being comparable, gdp must be adjusted anyways for currency rates. So having either USD or RMB should give the same result.

 

[Biscuits]

You realize the RMB to USD rate went from 6.4 October of 2021 to 7.3 now, right? That's over a 14% drop for China in terms of nominal GDP for absolutely no reason while PPP growth, the true economic indicator, remains healthy. Well, no good reason; it's actually the US trying to stop inflation so every other currency is being devalued and China is calibrating to the world, not the US.

Not adjusting gdp based on currency value before comparing it is like trying to compare BMI without knowing the height of either person lol

 

[Chevalier]

All about economics. I think due to their relatively weaker economies, NZ then UK will turn first. NZ is already wavering, wouldn't be surprised if they go full neutral within a few years. Then, If UK economy collapses, they only have 1 choice - China - and this time, they'll have to make some serious concessions. Their heavy industry is done. Splitting from the EU and being hostile to China (thus no longer RMB clearing hub of choice in the west) will destroy their financial industry. It's over for them. And though their economy is somewhat OK, politically where UK goes, Australia goes. Their position as an Anglo outpost in the Pacific is becoming more and more untenable.

Canada can't be split off easily but may be neutralized, or alternatively, force some certain country's hand and go full mask off (which would then split the Anglosphere).

A rational leader would yes, do as you have suggested, but the leaders of the Anglosphere, hailing from religious puritanical zealots and in possession of WMDs would not behave as rationally.
Back in 2020 one Anglo published an article advocating the use of "Privateers" to attack Chinese shipping- more evidence of use of hard drugs in the anglo commentariat than intelligence.

Anglo geostrategy appears aimed at consolidating all of the Five Eyes and its satrapies into an 'Iron Curtain' as a captive market for its own industries and then launch economic 'privateer' attacks on China's BRI such as sanctions on Xinjiang cotton and products as well as intimidating Chinese scientists and corporate executives and westerners who work with chinese. The destruction of the UK economy fits into the aim of turning 'Perfidious Albion' into a client of Washington- in the past the UK was always the more indpendant of the Five Eyes.