Chinese Economics Thread

S

Serb

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China’s economy in 2024 at a quick glance:​


  • Manufacturing sector: China’s manufacturing sector above the designated size (companies with an annual main business income of above RMB 20 million) grew by 6.1% year-on-year. Notably, equipment manufacturing expanded by 7.7%, while high-tech manufacturing rose by 8.9%. In terms of products, production in new energy vehicles, integrated circuits, and industrial robots grew by 38.7%, 22.2%, and 14.2%, respectively.

  • Services sector: The services sector saw a 5.0% year-on-year growth in 2024. Key sub-sectors included: Information transmission, software, and IT services (10.9%), leasing and business services (10.4%), transportation, storage, and postal services (7.0%), accommodation and catering services (6.4%), financial services (5.6%), and wholesale and retail trade (5.5%).

  • Retail sales: The total retail sales of consumer goods reached RMB 4.88 trillion (US$679.81 billion), growing 3.5% from the previous year. Online retail sales accounted for RMB 1.55 trillion (US$215.92), marking a 7.2% increase.

  • Fixed asset investment: Total fixed asset investment (excluding rural households) amounted to RMB 5.14 trillion (US$716.03), rising by 3.2%. Excluding real estate development, fixed asset investment grew by 7.2%. Fixed asset investment in manufacturing grew by 9.2%. High-tech industries investment grew by 8.0%, with high-tech manufacturing and high-tech services growing by 7.0% and 10.2%, respectively. Notable sub-sectors of high-tech manufacturing included aerospace and computer manufacturing, with investment increases of 39.5% and 7.1%, respectively. In high-tech services, investments in professional technical services and technology transformation services grew by 30.3% and 11.4%, respectively.

  • Trade: China’s total goods imports and exports reached RMB 4.38 trillion (US$610.16 billion), an increase of 5.0%. Exports amounted to RMB 2.55 trillion (US$355.23 billion, up 7.1%), while imports totaled RMB 1.84 trillion (US$256.32 billion, up 2.3%), maintaining China’s position as the world’s second-largest importer for the 16th consecutive year. Exports of electromechanical products grew by 8.7%, accounting for 59.4% of total exports.

  • Income growth: The per capita disposable income of residents reached RMB 41,314 (US$5,755), a nominal increase of 5.3%. After adjusting for inflation, the real growth was 5.1%.



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- Crazy growth in manufacturing, high-tech manufacturing, and specific sectors like EVs, ICs, and industrial robots.

- Services and retail sales growth is solid, and keep in mind this is PRODUCTIVE services growth, not just hiking prices as in the US.

- FAI is also amazing, especially the 40% (!!!) increase in the aerospace industry. Exports are also growing, but also high-tech ratio inside of them rising too!

- Income steadily grew once again. Whereas in the West real wages have fallen, in China in the last decade doubled.






If this is what "FAKE NUMBERS" and "TROUBLES" look like, then we live in some kind of different world from those Westoids. Now contrast the retarded headlines from post #33,573, which this data here, and see why they will not only lose but also fully reverse back to the Dark Ages and their own century of humiliation with such ignorant and delusional mindsets. They are simply setting themselves up for epic failures and humiliations in this conflict by totally missing the true balance of power in reality, instead being in some theological fictional stagnant limbo.
 
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