Chinese Economics Thread
- Thread starter Norfolk
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Evil SeeSeePee forced them to speak like that.
US airlines are urging the government to block additional flights to China as they can't compete on price. If you can't compete just block is the new mantra in the US.
Here is the new unsettling reality for the West as inflation continues to grow in the US and Europe and prices of products and services from those countries continues to rise. Chinese products and services will become increasingly attractive to consumers around the world including in the home markets of the US and Europe itself. And blocking cheap Chinese goods will further fan inflation and take away the incentive from domestic companies to change and innovate making it even worse for them both as producers and consumers.
Here is the new unsettling reality for the West as inflation continues to grow in the US and Europe and prices of products and services from those countries continues to rise. Chinese products and services will become increasingly attractive to consumers around the world including in the home markets of the US and Europe itself. And blocking cheap Chinese goods will further fan inflation and take away the incentive from domestic companies to change and innovate making it even worse for them both as producers and consumers.
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Is there any actual precedent for calling 3-6% growth a slowdown, even if it's from a higher level?
I don't remember hearing about a South Korean slowdown.
While yes, there's obviously some merit to the term, this "Chinese slowdown" could just as well be described as "Chinese resilience" - strong growth despite headwinds and restructuring.
New trade data for March has been published:
It looks like in Yuan terms, imports and exports have both grown roughly 5% yoy for the first 3 months of the year. March imports grew slower and exports contracted in Yuan terms compared to the Jan-Feb period, and both dropped yoy in Dollar terms.
If Q1 trade growth being around 5% coincides with 2024 Q1 GDP growth, then Q1 GDP growth will probably be at 5%, which is in line with the government's overall growth target this year.
It looks like in Yuan terms, imports and exports have both grown roughly 5% yoy for the first 3 months of the year. March imports grew slower and exports contracted in Yuan terms compared to the Jan-Feb period, and both dropped yoy in Dollar terms.
If Q1 trade growth being around 5% coincides with 2024 Q1 GDP growth, then Q1 GDP growth will probably be at 5%, which is in line with the government's overall growth target this year.
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1. Never, that is my opinion, never heard of that.
2. We live in a golden age of propaganda and deconstructionism. People believe what the want to believe, and some man behind the curtain working for the government will supply that disinformation to make people happy.
3. If the United States economy is growing at 3%, that is considered a boom during my lifetime.
4. The long term growth rate of the US economy is about 3%, until the Obama years, and it has not been the same since.
5. Why has US economic growth this past decade not as robust as previous decades? That is a real good question, and there are no real answers.
6. Perhaps a lot of this negative reporting by the Americans in regards to the Chinese economy, is that they want to avoid talking about the US economy, how it lost its luster in recent years.
You probably been hearing western news trying to shill you the idea that China is not longer investable and you should move money to India.
Meanwhile the guys with the actual money are doing the opposite. I'm not getting fooled into buy their bags in India.
supercat
Major
Several financial institutions revised China's growth rate in 2024 higher.
Remember, it’s normal to have slower growth once in a while or even recession. You need that to get rid of the bad investment and unproductive investment in the economy. Think of downturn as hangover after drinking too much. A self correction needs to take place so that economy can grow productivity again.
But regardless of whether or not you are going through downturn, you still need to invest in your future and in new economy and new tech.
But regardless of whether or not you are going through downturn, you still need to invest in your future and in new economy and new tech.