Chinese Economics Thread

[supersnoop]

It's relentless, though. Like, if an economic indicator for China is slightly less than expected/previous, but still positive, this is just DOOOOOM!!! Whereas a negative but slightly better than previous/expected indicator for US/EU/wherever is positively glowing proof of massive growth and for sure China will never overtake US!

I think coupled with a significant decline in journalism, both in terms of standard of editing / reporting as well as that of the basic competency of the journalist contribute significantly to those as well. The media now is basically an echo chamber with the copy and pasting and click baiting, on top of all the propaganda and narrative setting. Same effect of the west going to a serviced based economy. All the top talents heading to the $$$ earning jobs like banking and finance and entertainment, causing brain drains in the other sectors.

Would like to see how China will handle those same problems when the pay gap between industries widen. I like the crackdown on the I bank salaries a few years ago, as well as those of the actors. Would like to see the effect in the long term though, as market forces do tend to gravitate pay and thus talents to those sectors.

There is an economic incentive to produce these stories. At this point the population of the west has a fundamental belief in the following dogma that Communist/Authoritarian governments are inherently evil, and democratic governments are inherently good.

Most people in the west don't want to read about China success stories. If China is successful then it is literally evil winning over good to them. If a news outlet primarily produced fair and balanced reporting on China, it would be a business failure.

What is click baiting? It isn't poor journalism as much as a business tactic.

All of this talk of economic slowdown in China, it can be directly traced to a slowdown in global demand due to inflation and other poor economic indicators globally. These are not solely China-specific issues, but domestic issues. However, the news isn't going to connect these dots for the reader for the reasons above.

 

[Serb]

China’s economy had a miserable year. 2024 might be even worse​

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When you look at hyper-delusional constant texts like this from nearly all Western MSM. Honestly, it's like their journalists are on drugs.

Imagine even thinking of publishing something like this in your major media, not to mention actually pressing the publishing button.

You can't help but question their brain health, comprehensive IQ, knowledge, mindset, fact-checking habits, or whatever else is responsible.

It's okay for these articles to be 1% of the total, but not 99% like now. There is something seriously wrong in the entire society in that case.

https://twitter.com/i/web/status/1739841859424567632

This gentleman explains it well, actually, China's 2023 GDP growth is matched by only four years in economic history (all Chinese):

It doesn't grow in relative terms the most in the world anymore, but in absolute terms, it's still the biggest growth engine in the world.

In absolute terms, it is still a far bigger growth than India for example, and the gap is widening and not narrowing in the slightest.

And in terms of quality of GDP growth, it goes into productive high-value sectors, not services like in the US debt-induced GDP, and it's way more equally distributed amongst its citizens. Not to mention not comparing China's economy to the economically decimated EU first.

I think their populations are basically zombified, on top of being very egocentric, so these kinds of stories sell well.

Another point is that the CIA, politicians, and all kinds of elites push for stories like this to hide their own failures.

As they are a very fragile society in its end stage, the only thing that can keep it all together is constant propaganda.

So that's why low IQ propaganda against China is increasing the more China is getting rejuvenated and developed,

They bet that 100 times repeated lie, becomes a truth, we have a saying like this in my home country, it's PSYOPS.

Most people basically have no critical thinking and fall for bandwagoning and authority fallacy, so it seems to work.

There are common zombies over social media repeating this same bullshit. They have zero capability for logic.

They criticize China for propagandizing its own citizens when they do it 100s of times worse because the CCP doesn't need propaganda,

When it produces tangible results year over year. It can simply report the truth. And where it lacks, it honestly admits.

Imagine saying that the Chinese GDP is "fake" when every other economic area follows the exact same conclusion.

 

[Serb]

More of China actually helping the Global South industrialize more with allowing for brand-new physical infrastructures of various kinds (transport, energy, communications, etc), factories, and knowledge, whereas the America/West just talks empty.

This is the best "interference" possible, unlike US threats, bases, warships, sanctions, media, donations without any development, NGOs, various agendas like LGBT, McDonald 's-type FDI, etc. This is the most superlative global influence projection possible.

People in those countries maybe not yet fully realize the actual extent of Chinese help to them (soft power), but the political leading elites in those countries probably do, and that's why they vote always in Chinese favor in the UN against the US attacks.

https://twitter.com/i/web/status/1742839432783274210

 

[Arij Javaid]

China's nominal GDP can grow as much as 10-15% this year as FED cut interest rates and yuan reaches 6 to 6.5 against dollar.

 

[siegecrossbow]

There is an economic incentive to produce these stories. At this point the population of the west has a fundamental belief in the following dogma that Communist/Authoritarian governments are inherently evil, and democratic governments are inherently good.

Most people in the west don't want to read about China success stories. If China is successful then it is literally evil winning over good to them. If a news outlet primarily produced fair and balanced reporting on China, it would be a business failure.

What is click baiting? It isn't poor journalism as much as a business tactic.

All of this talk of economic slowdown in China, it can be directly traced to a slowdown in global demand due to inflation and other poor economic indicators globally. These are not solely China-specific issues, but domestic issues. However, the news isn't going to connect these dots for the reader for the reasons above.

This will backfire once truth inevitably leaks out though. When China opened itself up in the 80s the sheer dominance of Western countries in technology/science, standards of living, and military helped create one entire generation of kneelers.

 

[Gogurt4ever]

China’s economy had a miserable year. 2024 might be even worse​

Please, Log in or Register to view URLs content!

When you look at hyper-delusional constant texts like this from nearly all Western MSM. Honestly, it's like their journalists are on drugs.

Imagine even thinking of publishing something like this in your major media, not to mention actually pressing the publishing button.

You can't help but question their brain health, comprehensive IQ, knowledge, mindset, fact-checking habits, or whatever else is responsible.

It's okay for these articles to be 1% of the total, but not 99% like now. There is something seriously wrong in the entire society in that case.

https://twitter.com/i/web/status/1739841859424567632

This gentleman explains it well, actually, China's 2023 GDP growth is matched by only four years in economic history (all Chinese):

It doesn't grow in relative terms the most in the world anymore, but in absolute terms, it's still the biggest growth engine in the world.

In absolute terms, it is still a far bigger growth than India for example, and the gap is widening and not narrowing in the slightest.

And in terms of quality of GDP growth, it goes into productive high-value sectors, not services like in the US debt-induced GDP, and it's way more equally distributed amongst its citizens. Not to mention not comparing China's economy to the economically decimated EU first.

I think their populations are basically zombified, on top of being very egocentric, so these kinds of stories sell well.

Another point is that the CIA, politicians, and all kinds of elites push for stories like this to hide their own failures.

As they are a very fragile society in its end stage, the only thing that can keep it all together is constant propaganda.

So that's why low IQ propaganda against China is increasing the more China is getting rejuvenated and developed,

They bet that 100 times repeated lie, becomes a truth, we have a saying like this in my home country, it's PSYOPS.

Most people basically have no critical thinking and fall for bandwagoning and authority fallacy, so it seems to work.

There are common zombies over social media repeating this same bullshit. They have zero capability for logic.

They criticize China for propagandizing its own citizens when they do it 100s of times worse because the CCP doesn't need propaganda,

When it produces tangible results year over year. It can simply report the truth. And where it lacks, it honestly admits.

Imagine saying that the Chinese GDP is "fake" when every other economic area follows the exact same conclusion.

Some of these growth projections seem really strange to me. I have no idea how India would contribute more than half of China's growth. Even if India grew at 10% annually, and China at 5%, India would contribute about $400 billion of growth, and China about $900 billion. The gap would shrink over time due to India's higher growth rate, but not between 2023 and 2028.

 

[Staedler]

Some of these growth projections seem really strange to me. I have no idea how India would contribute more than half of China's growth. Even if India grew at 10% annually, and China at 5%, India would contribute about $400 billion of growth, and China about $900 billion. The gap would shrink over time due to India's higher growth rate, but not between 2023 and 2028.

It's Bloomberg; they're likely expecting something like China growing at ~3% and India growing ~8%. If then US is expected to grow ~1%, the numbers work out. The key is for Bloomberg to predict lower Chinese growth, not higher Indian growth.

 

[ansy1968]

It's Bloomberg; they're likely expecting something like China growing at ~3% and India growing ~8%. If then US is expected to grow ~1%, the numbers work out. The key is for Bloomberg to predict lower Chinese growth, not higher Indian growth.

I remember this article that led me to join the SDF discussion to educate myself about China Semiconductor development, I truly believed that China had overtake the US as the article implied, how naive of me and I'm thankful for our esteem members to have the patience to explain the intricate nature of producing chips.

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Oct 4, 2018 — It threatened to have reached a dizzying array of end users, with some vital ones in the mix. Apple, for its part, has used Supermicro hardware ...

 

[Serb]

The Chinese finance sector has been developing quite nicely recently. This is probably due to the government's focus on developing those kinds of service-based sectors for diversification for mainly a better variety of employment opportunities in the future. Also probably important for avoiding possible future sanctions and gaining global influence, aligning with the current geopolitical climate. Chinese banking sector already has the highest asset holdings in the world and China has the second-biggest bond, equity, and insurance market in the world. Tens of currency swap agreements and RMB clearing banks signed in recent times all over the globe for yuanization. More and more Chinese cross-border trading is done in yuan, something around 25% now. CIPS use is rising, and Chinese global rescue loans to countries are rising. BRI contracts are still rising, and they are done in yuan, and bonds and futures denominated in yuan are rising in their use... The road to a financial powerhouse.

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- Shown in this article how much it's important for a state to control its banks. Then it can freely use it to give better loan benefits, and other finance incentives to high-quality development companies, like high-tech manufacturing or green-tech, other sci-tech initiatives. That control is important for governing efficiency in general. And that kind of efficiency is something that Western countries don't have. This is why they win.

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- Amazing growth of domestic Chinese futures markets and this exchange described.

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- Why Chinese yuan-denominated bonds are gaining popularity so much.

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- Describes the current state of Chinese global opening up in the finance sector and their finance sector development in general.

 

[TK3600]

The Chinese finance sector has been developing quite nicely recently. This is probably due to the government's focus on developing those kinds of service-based sectors for diversification for mainly a better variety of employment opportunities in the future. Also probably important for avoiding possible future sanctions and gaining global influence, aligning with the current geopolitical climate. Chinese banking sector already has the highest asset holdings in the world and China has the second-biggest bond, equity, and insurance market in the world. Tens of currency swap agreements and RMB clearing banks signed in recent times all over the globe for yuanization. More and more Chinese cross-border trading is done in yuan, something around 25% now. CIPS use is rising, and Chinese global rescue loans to countries are rising. BRI contracts are still rising, and they are done in yuan, and bonds and futures denominated in yuan are rising in their use... The road to a financial powerhouse.

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- Shown in this article how much it's important for a state to control its banks. Then it can freely use it to give better loan benefits, and other finance incentives to high-quality development companies, like high-tech manufacturing or green-tech, other sci-tech initiatives. That control is important for governing efficiency in general. And that kind of efficiency is something that Western countries don't have. This is why they win.

Please, Log in or Register to view URLs content!

- Amazing growth of domestic Chinese futures markets and this exchange described.

Please, Log in or Register to view URLs content!

- Why Chinese yuan-denominated bonds are gaining popularity so much.

Please, Log in or Register to view URLs content!

- Describes the current state of Chinese global opening up in the finance sector and their finance sector development in general.

What is the international implication of this? Will Yuan dominated financial sector eats into western financial income and render them unprofitable?