Exports of ARJ-21 to Russia will not be happening in the short term. It uses the imported US GE CF34 turbofan engine. The avionics are also from the US. Perhaps after China develops CJ-500 engine and removes the other Western content in the aircraft.
Chinese Economics Thread
- Thread starter Norfolk
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As is usual in Western media reporting, the defense spending of the US is drastically understated as it does not include spending on veterans ($300B+), homeland defense ($100B+), and many other items that would normally be included in the defense spending of other countries. Actual US defense spending should be well over $1.3T, about the same as the rest of the world combined.
On the other hand, the number for China is overstated as it includes some spending on domestic law enforcement, disaster relief, infrastructure building and repair, fire fighting, etc. Official Chinese defense budget for 2022 is 1.45T CNY, or about $203B USD at current exchange rates.
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Deleted member 23272
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6.3% growth for Q2, below predictions of 7.1%. Still enough decently performing sectors in the economy on top of the revenge spending during public holidays to offset some of the weaker aspects. Will be interesting to see how the recovery will continue for the rest of the year. Most concerning of all is that youth unemployment rose to 21%.
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Perhaps it's time for stimulus. Retail sales are doing poorly, whereas industrial production is doing fine.
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Deleted member 23272
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Sobering take on the current situation from one of the best China commenters on Twitter. Hopefully some kind of stimulus happens down the point.
Good god if you consider him to be one of the best China commentators on Twitter then that just says a lot about you
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What are your objections exactly? He always comes across as even handed on most of his posts. Not to mention whatever you feel about him doesn't invalidate what he wrote. Even in the comments people from moderate Sinophiles like Ralph Litzinger to the hardcore pro-China nationalist like Cyrus Janssen seem to be in agreement.
Although China's Q2 data isn't great, the content of this tweet is anecdotal at best
YoY numbers are noisy because of last year's lockdowns during the same period. It's better to look at QoQ but at an annualised pace. QoQ was 0.8% and annualised that comes to 3.2%.
Zooming out, we can see the big drop in Q2 of 2022 in this graph:
China's GDP has been expanding between the 4-5% band since before Covid. Which is actually not that bad. Everyone understands that the era of superhigh growth is over. The focus should now be on quality of growth.
Zooming out, we can see the big drop in Q2 of 2022 in this graph:
China's GDP has been expanding between the 4-5% band since before Covid. Which is actually not that bad. Everyone understands that the era of superhigh growth is over. The focus should now be on quality of growth.