supercat
Major
The service sector expanded in December, as indicated by both the official and Caixin PMI:
Chinese Economics Thread
- Thread starter Norfolk
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I'm feeling that China is laying the groundwork to kick US out of commercial aircraft as well. Boeing is getting battered with scandals and Airbus won't be going anywhere when Europe can't fix it's energy issues.
I don't think all of Boeing's issues are all coincidence. Yeah their workforce has been degraded but it doesn't explain some of the colossal fuck ups. Plus consider that China itself is 100% unafraid of using Boeing jetliners. It's almost like the Boeing planes themselves are fine as long as they're not tampered with/properly maintained.
Does anyone know why before around 2012 the PMI was at generally higher levels, in some periods in the 55-60 range but after 2012, seems like to have dropped to a low plateau around 50?
it's kind of hard to maintain double digit GDP growth forever.
proelite
Junior Member
PMI numbers and GDP correlation are strenuous at best for a developing economy.
Even if true, it is nothing that did not happen elsewhere. In Japan they even build malls in HSR train stations and use the revenue from mall rentals to recoup costs for the HSR service. I see nothing wrong with it.
WSJ again publishes a headline, regarding the punishment and censorship that the Party would apply to Chinese economists who contradict official figures.
Gao Shanwen would have argued that the growth in recent years is around 2% annually, different from the official figures... something very similar to the case of Zhu Hengpeng, who, according to the Western source, has also been silenced by the party.
Is there information in China regarding these two economists and their current relationship?
Gao Shanwen would have argued that the growth in recent years is around 2% annually, different from the official figures... something very similar to the case of Zhu Hengpeng, who, according to the Western source, has also been silenced by the party.
Is there information in China regarding these two economists and their current relationship?
That's called self-projection. And you can find 1-2 nutjobs in every field in every country.
And yet Michael Pettis is still professor of finance at Beijing University after more than a decade of nonstop criticisms of Chinese economic policies, so something is not adding up.
I have it on good authority that Noam Chomsky and Steven Seagal has seen that the US economy has collapsed to a fraction of its size since covid, hence their dismal production and output.
How is China treating the ongoing situation regarding US' collapsed federal reserve?