Who is trying to choke them off?
Lets see if the USA finally gives up with defending the seas for free trade for all and India takes over??
ombugge
July 30, 2024, 10:55am
1615
From the Reuters article:
Looks like the forecast was pretty accurate compared to Q2 last year (4.7%) but pretty miserable compared to Q1 this year (0.7%)
I wouldn’t “sell he chicken before the egg has hatched”:
Published by C. Textor , Jul 15, 2024
PS> Q2 2022 was much worse (due to VERY strict Covid-19 lockdown) but the GDP recovered pretty well within Q2 2023.
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GDP is a fudged figure of little use.
China peaked over 10 years ago.
It’s a few years since I was in Shanghai last, so I can’t tell you.
BTW; It appears that there are more than one opinion on whether China is in terminal decline, or if it is just a little “hickup”.
One of the reasons why shops are empty may be the fact that consumers are more cautious after the housing boom collapse (As mentioned in an earlier post here)
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With the current news internally and the massive age demographic problem plus the ‘all our eggs are in housing’ for the extra billion people they thought they were getting…its going to be a long drawn out slump meaning decades to recover.
I feel sorry for the average mainlander but the CCP have wiped them out ( financially) for a long time
Wiped them out? On last count there were still 1.4 bill. Chinese citizen,
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no they revised it down when questioned
https://www.reuters.com/world/china/researcher-questions-chinas-population-data-says-it-may-be-lower-2021-12-03/
regardless they have enough spare apartments to house another billion.
India will slowly take over in most areas from China with the long term slump in China and the inevitable growth of India
A recession is marked by increasing unemployment and decreasing inflation. In the USA there are far more jobs than workers, and inflation, while stabilizing, is still a little high for the last 20 years. Certainly not a decrease from the 2% we accept as normal. So what are your markers of recession?
GDP is only up due to deficit spending and the borrowing to pay for it
Over the next 10 years, the CBO projects that the federal budget deficit will fluctuate between 4.1 percent and 4.7 percent of gross domestic product (GDP).
Est. reading time: 2 minutes
The classic indicator for USA (and Australia) is outboard motor sales
Fedex and UPS parcel volume been down for several years so that covers the issue of retail looks bad, online is doing better, its not
ombugge
September 7, 2024, 12:08pm
1624
On July 2nd it reported that cooking oil was being transported by lorry in containers that were also being used to carry liquid fuel. It said that, to save money, the vessels were being switched from one use to the other without being cleaned.
“A great nation is rising. But it can’t even guarantee the basic safety of cooking oil,” wrote one of many outraged users on Weibo, a social-media platform. Some netizens pointed out the difference between the authorities’ strict control of speech and media and seemingly lax approach to food. “If there are issues with food, it harms us; if there are issues with films and television, it harms them,” one said. Many shared links to a remark by Xi Jinping in 2013, about a year after he came to power: “If our party, while governing China, cannot even ensure food safety, and cannot do so over the long term, then people will start to question whether we are qualified to govern.”
PS> Not sure if I can “gift” it, nor if this link can be opened without subscription.
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ombugge
September 7, 2024, 12:38pm
1625
Trying one more article from The Economist this week:
Dragon Lodge is known in Cantonese as a hongza , or “calamity house”. In Hong Kong’s expensive property market that label can make even the swankiest homes places to avoid. A paper in 2020 by Utpal Bhattacharya of the Hong Kong University of Science and Technology and fellow academics said ghost-inhabited homes in the city lose a fifth of their value on average; the prices of flats on the same floor as one drop by 9%. Murders can kill prices by 34%.
Unlike the mainland, the city has not undergone fierce campaigns against superstition. The dead are hurriedly removed from premises, heightening a sense that they are to be feared. People in big cities are also more likely to live and die on their own in unhappy circumstances. A study in 2023 found that 41% of elderly people surveyed in Hong Kong were socially isolated. Hong Kong’s rapidly evolving cityscape conjures apparitions, too. The turnover of tenants and buildings results in a greater fear of skeletons lurking in the closet.
PS> Please let me know if you can open the link without subscription.
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ombugge
September 9, 2024, 12:48pm
1627
More gloomy news about Chinese economy:
To lift the mood, officials must put their finger on its cause. Are people glum because the economy is bad? Or is the economy bad because people are glum?
Some of the blame lies elsewhere. Firms are reacting to trends outside the country as well as in it. America has, for example, discouraged investment in China’s semiconductor industry. And high American interest rates have lured money that might otherwise have stayed in the country.
Exports have, for example, held up surprising well so far this year. It is nevertheless telling that Chinese firms have been slow to convert their foreign earnings into China’s currency. Over the past two years they have clung on to about $400bn they would typically have converted into yuan, according to estimates by Goldman Sachs, a bank. Now that American interest rates are likely to fall, the incentive to hold dollars should diminish. But unless the future of China’s economy brightens, exporters may not rush to acquire yuan instead.
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Might be celebrating Trumps win
Protests against the gov or just not happy- oops cant vote them out.
On 11 November 2024, the driver of an SUV launched a vehicle-ramming attack against people on the exercise track at the Zhuhai Stadium sports center in Zhuhai, Guangdong, China, resulting in 35 deaths and 43 injuries. Afterward, the driver was taken into custody and sent to a hospital after harming himself with a knife. The man is believed to have been motivated by anger over a recent divorce settlement.
Videos and coverage of the attack were censored online and details about it were not relea...
Gov press release, doesnt matter no foreigner killed so safe country to invest in.
They just like celebrating Guy Fawkes every night
ombugge
December 3, 2024, 10:49pm
1632
Looks like China is taking on the kin, they are paying back in the same currency:
Not unexpected:
Among the materials banned from export are metals gallium, antimony and germanium, China’s commerce ministry said in a statement that cited “national security” concerns.
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