Chinese Economics Thread

[Stierlitz]

Morgan Stanley raised its outlook for China's GDP growth in 2023 from 5.4 percent to 5.7 percent.

 

[abenomics12345]

Morgan Stanley raised its outlook for China's GDP growth in 2023 from 5.4 percent to 5.7 percent.

I would caution everyone to not label these forecasts as made by 'Morgan Stanley' or "Goldman Sachs" or "JP Morgan".

They are made by the China Economics team at said firms.

For example, Xing Ziqiang (Robin) leads the Morgan Stanley China Economics team, and has a PhD in Economics from China Academy of Social Sciences. Additionally, he is part of the CF40 Think Tank in China.

JP Morgan team is led by Haibin Zhu - I happen to have first hand knowledge that he was out on the street telling everyone that the PLAAF was unable to track Pelosi's plane when she flew into Taiwan.

It is clear who is more credible.

 

[tphuang]

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If china wants to offset declining demand from the west over the next couple of years, it will need to win over more large contracts in west Asia amongst many other regions. It's recent engagement with gcc should bring more opportunities.

 

[escobar]

Alarmed by shipping chaos and geopolitical fractures, exporters from China are setting up factories in Mexico to preserve their sales to the United States

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[hkbc]

Alarmed by shipping chaos and geopolitical fractures, exporters from China are setting up factories in Mexico to preserve their sales to the United States

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NYT misses the point as usual, shipping chaos has nothing to do with it, NAFTA on the other hand.......

 

[supercat]

Decoupling is easier said than done.

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China's pet-care industry is booming.

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[TK3600]

I saw on YT that there will be new 2023 seal/atto4 from BYD offering enhanced autopilots. The current version offers some basic level 2 assist. It is not very good. The new Seal will reportedly use Journey-5 processor along with much better sensors. It sort of compensate for BYD's final weakness; the driving assist. Together it will make the ultimate combination of good price, good car performance, very high production rate, and great driving assist. I think 2023 will be a defining year for BYD.

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[supercat]

Why it's unlikely that China is faking its GDP:

https://twitter.com/i/web/status/1621833843933347842

 

[siegecrossbow]

Why it's unlikely that China is faking its GDP:

https://twitter.com/i/web/status/1621833843933347842

It's fake still because USD has been printed into worthlessness. Chinese GDP is actually 600% smaller than it appears.

 

[Dolcevita]

It's fake still because USD has been printed into worthlessness. Chinese GDP is actually 600% smaller than it appears.

Are you saying USD is a fake measure of GDP? OK.

LOL.