Chinese Economics Thread

[lcloo]

I don't know much about China's economy but I do know that since Malaysia opened out visa free entries for Chinese tourists, there is a huge influx of people coming in from China and they are among the highest spending tourists group, and many of them are young people with a lot of money.

We are expecting 5 million Chinese tourists in 2025, to spend USD6.75 billion in Malaysia. If the young people are so hard hit by bad economy in China, where did they get the money to travel?

I also see Xiaomi Su7 EV and Huawei Mate 70 phones etc sold like hot cake, reaching billion yuans of sales within 24 hours. is China's economy bad? I find it hard to believe the nay sayers.

 

[fishrubber99]

Patrick from Pictet Asset Management has a thread with their Chinese economic figures updated with the latest November NBS data, credit impulse seems to be improving which implies China reaching their goal of "around" 5% economic growth this year.

https://twitter.com/i/web/status/1868627032449679578

 

[Michaelsinodef]

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Anyone familiar with Gao Shanwen? What's the context of his career?

He's a clown.

The "real growth has actually been 3% below official numbers for years/decades" of his is essentially something he made up, without strong backing of any real data.

 

[manqiangrexue]

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Anyone familiar with Gao Shanwen? What's the context of his career?

Doesn't even matter who he is. Western journalism is basically follows this ladder: first try to find that one Chinese guy who says something bad or something they want to hear about China, then call him a top level expert and pretend no other Chinese experts exist. If they can't find him, pick some Chinese hanjian in an American University to say it instead. If they can't get that, find a white guy who claims to be a China expert. If they're really coming up short cus they want something said that's so retarded that nobody wants their name affiliated with, they'll just say they're quoting an anonymous source in China who requested his personal information withheld to protect him/his family from the CCP.