Chinese Economics Thread

[Dolcevita]

Seems like Russia stopped building on it in favor of spending on something else (not an entirely bad idea given they're at war lol)

Whatever is between US and Russia has never concerned China

Yes. Another dishonest and misleading narrative from gcaptain.

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[doggydogdo]

https://twitter.com/i/web/status/1882088332999446719

Where that one Chinese economist that said the youth are "lifeless"?

 

[tphuang]

https://twitter.com/i/web/status/1883160831044571622

December Industrial numbers are out. And they show just huge expansion in the advanced manufacturing industries.

 

[escobar]

Use of CIPS continues to grow. In Q3, it cleared a record 2.14 mn transactions totaling $6.5 trillons

 

[azn_cyniq]

https://twitter.com/i/web/status/1883160831044571622

December Industrial numbers are out. And they show just huge expansion in the advanced manufacturing industries.

On the other hand, lackluster consumer demand is a major problem in China. Retail sales fell by 3.1% in Shanghai and and 2.7% in Beijing last year. Retail sales in the entirety of China only grew by 3.5% last year.

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I really do think that China will shock the world by growing at 6-7% once consumer demand rises. 3.5% growth in retail sales is not good enough and the CPC is fully aware of that.

 

[GulfLander]

On the other hand, lackluster consumer demand is a major problem in China. Retail sales fell by 3.1% in Shanghai and and 2.7% in Beijing last year. Retail sales in the entirety of China only grew by 3.5% last year.

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I really do think that China will shock the world by growing at 6-7% once consumer demand rises. 3.5% growth in retail sales is not good enough and the CPC is fully aware of that.

Are those % annualized?

 

[azn_cyniq]

Are those % annualized?

Yes, they are.

 

[Xiongmao]

On the other hand, lackluster consumer demand is a major problem in China. Retail sales fell by 3.1% in Shanghai and and 2.7% in Beijing last year. Retail sales in the entirety of China only grew by 3.5% last year.

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I really do think that China will shock the world by growing at 6-7% once consumer demand rises. 3.5% growth in retail sales is not good enough and the CPC is fully aware of that.

I be thinking that retail sales fell in Shanghai and Beijing is because nowadays a lot of Chinese are becoming more disillusioned with high value foreign brands and are going for better value domestic brands instead. This is not a bad thing in my books because the money will stay circulating inside China's monetary system instead of leaving the country. If you remove retail sales for these foreign brands, I wonder what the average retail growth will be.

 

[doggydogdo]

On the other hand, lackluster consumer demand is a major problem in China. Retail sales fell by 3.1% in Shanghai and and 2.7% in Beijing last year. Retail sales in the entirety of China only grew by 3.5% last year.

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I really do think that China will shock the world by growing at 6-7% once consumer demand rises. 3.5% growth in retail sales is not good enough and the CPC is fully aware of that.

Retail sales look fine actually, I'm not sure why it only grew 3.5% despite very healthy growth in basic goods. Maybe deflation in cars and other sectors significantly dragged down nominal growth?

 

[siegecrossbow]

View attachment 144401
Retail sales look fine actually, I'm not sure why it only grew 3.5% despite very healthy growth in basic goods. Maybe deflation in cars and other sectors significantly dragged down nominal growth?

Property?