Chinese Economics Thread

[antiterror13]

Q3 GDP figures out:

https://twitter.com/i/web/status/1847097761319342407

4.6% is roughly US$850B or roughly the size of Switzerland,1/2 of Australian, 2x Phillipines/Vietnam/Iran economies

Can't wait to hear that China is collapsing from western medias

 

[kentchang]

4.6% is roughly US$850B or roughly the size of Switzerland,1/2 of Australian, 2x Phillipines/Vietnam/Iran economies

Can't wait to hear that China is collapsing from western medias

i think $850B is annualized number. need to divide by 4 to get to a quarterly increase,

 

[Quan8410]

4.6% is roughly US$850B or roughly the size of Switzerland,1/2 of Australian, 2x Phillipines/Vietnam/Iran economies

Can't wait to hear that China is collapsing from western medias

It is good but it is below the official target. Setting these target in the first place is just pointless.

 

[Miyayaya]

The Q3 economic data showed slightly stronger industrial output and consumption, but not exceeding expectations. PMI production improved month-on-month in September, and the replacement of old home appliances with new ones drove sales of 69 billion yuan, the bulk of which was in September, driving up retail sales by more than one percentage point.

The test will be in Q4. Even if we rush to export and pull exports back to 10% and retail sales return to above 5%, and linearly extrapolate industry and investment, the growth rate in Q4 will be 4.5-4.6%, and 4.7-4.8% for the whole year.

Therefore, the baseline forecast for the full year is 4.6-4.7%, and policies need to continue to be implemented.

https://twitter.com/i/web/status/1847100183143735606

 

[Jiang ZeminFanboy]

Q3 GDP figures out:

https://twitter.com/i/web/status/1847097761319342407

Not bad.
They should also start uploading more often the retail sales of services data as services are becoming bigger and bigger part of economy

https://twitter.com/i/web/status/1822093252167643464

 

[antiterror13]

i think $850B is annualized number. need to divide by 4 to get to a quarterly increase,

Yeahhh I was talking about annual increase in GDP, but comparing with other country's GDP doesn't really matter whether quarterly or annually as long as the same metrics

 

[Jiang ZeminFanboy]

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[mossen]

Core inflation is now approaching zero. Outside crisis periods (GFC & Covid), it has not been this low for several decades. If deflationary territory is reached and persistent, then it will be very serious. No wonder the authorities are suddenly waking up. At least they are active and not sleeping on the job like the Japanese were.

 

[gelgoog]

Core inflation is now approaching zero. Outside crisis periods (GFC & Covid), it has not been this low for several decades. If deflationary territory is reached and persistent, then it will be very serious. No wonder the authorities are suddenly waking up. At least they are active and not sleeping on the job like the Japanese were.

You must think the introduction of the Ford Model T was the greatest economic disaster in the history of mankind. Or something.

 

[Jiang ZeminFanboy]

Honestly China should just abandon minimum wage rate at this lvl. Just delete it cause it's embarrassing.

As doggy says(famous Asia times writer) market clearing rate is already much higher than a minimum wage in China. You can earn 4000 rmb as a waiter in Jiangxi as ShanghaiPanda in the thread noted.

Rising minimum wage from 2320 rmb to 2420 rmb is just too embarrassing. Just delete as whole for god sakes.

https://twitter.com/i/web/status/1847436355678490885