Chinese Economics Thread

[GiantPanda]

Why is reuters looking at spending per trip? Did they also look at carbon emissions per capita?

Nobody looks at spending per trip as the headline.

Spending actually went up 16% and trips went up 15% for any normal analysis of economic trends.

If you have 10 tourists spending $2000 each you would have an average better than 1M tourists spending at $1995 each. But obviously having a 1M tourists being able to travel is a hell of lot better for the economy than just 10 tourists. That's why you look at totals year on year.

This kind of retarded reporting in the West is exclusively reserved for China.

 

[Michael90]

As reported by Yicai:

China’s Golden Week holiday drove a sharp rebound in domestic tourism, with spending up 15 percent to CNY809 billion (USD114.5 billion), highlighting resilient consumption and growing consumer confidence.​

​

The number of trips taken in China over the holiday that ended Oct. 8 jumped 16 percent to 888 million, according to figures from the Ministry of Culture and Tourism.​

Now here's how Reuters is reporting on the same data

China's Golden Week holiday spending dips in latest red flag for economy​

Chinese holidaymakers' average spending dipped to a three-year low over this year's eight-day Golden Week holiday, dashing hopes that a domestic stock market rally would encourage cautious consumers to open their wallets.​

​

Average spending per trip during the holiday this year reached 911.04 yuan ($113.52), down 0.55% from the same period last year, according to Reuters calculations based on government data published on Thursday.​

Average spending is down a shocking 0.55% (extra decimal places are so necessary) because number of trips increased by 16% while total spending is up only 15%! Chinese economic collapse confirmed once again!

I think you guys should be encouraging my articles like this, since this has helped China by masking her real potential and what’s going on there , thereby shielding China from too much attention .This has made western countries and their leaders/authorities to get complacent and hence they don’t adopt radical measures to reform and catch up their industrial sector to that of China . So this actually serves Chinas interests . China should be more worried if the west gets to recognize Chinas real industrial capacity and growth , which can force them to enact reforms to better compete .
so such news should be encouraged and even promoted by China . Who said you should never stop your enemy when they are doing a mistake ?

 

[GulfLander]

https://twitter.com/i/web/status/1977578242337919310

 

[tphuang]

https://twitter.com/i/web/status/1977813369089401287

my summary of the September export numbers. gain, huge increase across the high tech stuff like industrial robot and ICs while import cost of fossil fuel really dropped. Soybean rose despite no US buy

 

[manqiangrexue]

https://twitter.com/i/web/status/1977813369089401287

my summary of the September export numbers. gain, huge increase across the high tech stuff like industrial robot and ICs while import cost of fossil fuel really dropped. Soybean rose despite no US buy

I wonder what caused the -21% to Russia...

 

[bsdnf]

I wonder what caused the -21% to Russia...

Tariffs. 55% for bearings, 90% for furniture, and 55% for automobile etc

Particularly for automobiles, tightening national restrictions on parallel imports and imposing higher scrappage taxes on imported vehicles are forcing Chinese automakers to invest rather than export.

 

[tphuang]

Tariffs. 55% for bearings, 90% for furniture, and 55% for automobile etc

Particularly for automobiles, tightening national restrictions on parallel imports and imposing higher scrappage taxes on imported vehicles are forcing Chinese automakers to invest rather than export.

yep, the Russians want China to build stuff in Russia.

https://twitter.com/i/web/status/1977819043613778204

A look at the major imports categories by RMB and volume. China looks to really be taking advantage of lower soybean and energy prices. copper prices are going up though.