Chinese property sector, which accounts for 30% of GDP, is crashing. - Exports and imports, accounting for 37% GDP, are down. - Foreign investment (FDI) is falling over 90%, lowest in 3 decades. - Foreign visitors are down 96% compared to the pre-pandemic level in 2019. - Consumer prices are experiencing deflation. - Youth unemployment hits over 21%, a record. - Its fast-shrinking workforce is 10 years older than neighboring countries. *Still, China keeps reporting outrageous GDP numbers.* Lol Where does the growth come from?
I agree the situation is looking bleak but the numbers I'm seeing is not as extreme as yours. China is still exporting around $280 billion USD monthly. Expecting big economic stimulus from government to improve investment outlooks and consumer confidence which I think is yet to come. GDP growth was high (5.2%) in 2023 due to finally lifting COVID restrictions in 2022, which had a growth rate of only 3%. Almost half of GDP growth in 2023 was from Green Energy sector like EVs, Solar, battery manufacturing, etc. Which has been so massive, they're struggling to sell their goods both domestically and internationally in 2024. The real estate market was way overheated during pandemic with unrealistic prices and Chinese Govt needed it to cool off BY A LOT. With regards to foreign direct investments, the govt is willing to sacrifice that while regulating different sectors for short to medium terms. They seem more focused on domestic market currently. Now they need to be really smart and proactive to reignite the economy. I think we'll see a slower growth rate in 2024. Also they're yet to hit a negative annual CPI growth - so no long term deflation.
China's 🇨🇳 issuing $284 billion sovereign debt to help its struggling economy is like throwing a cup of water on the forest fire. LOL The stimulus money is less than Evergrande's debt.
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Chinese property sector, which accounts for 30% of GDP, is crashing.
- Exports and imports, accounting for 37% GDP, are down.
- Foreign investment (FDI) is falling over 90%, lowest in 3 decades.
- Foreign visitors are down 96% compared to the pre-pandemic level in 2019.
- Consumer prices are experiencing deflation.
- Youth unemployment hits over 21%, a record.
- Its fast-shrinking workforce is 10 years older than neighboring countries.
*Still, China keeps reporting outrageous GDP numbers.* Lol
Where does the growth come from?
I agree the situation is looking bleak but the numbers I'm seeing is not as extreme as yours. China is still exporting around $280 billion USD monthly. Expecting big economic stimulus from government to improve investment outlooks and consumer confidence which I think is yet to come.
GDP growth was high (5.2%) in 2023 due to finally lifting COVID restrictions in 2022, which had a growth rate of only 3%. Almost half of GDP growth in 2023 was from Green Energy sector like EVs, Solar, battery manufacturing, etc. Which has been so massive, they're struggling to sell their goods both domestically and internationally in 2024. The real estate market was way overheated during pandemic with unrealistic prices and Chinese Govt needed it to cool off BY A LOT.
With regards to foreign direct investments, the govt is willing to sacrifice that while regulating different sectors for short to medium terms. They seem more focused on domestic market currently. Now they need to be really smart and proactive to reignite the economy.
I think we'll see a slower growth rate in 2024. Also they're yet to hit a negative annual CPI growth - so no long term deflation.
50:53
juan 4 the money:
Pete Judo or Sam Patton.
Can you maybe show the image of the host and guests? It's very annoying to not see any faces.
ROI
@thescantronuscensus2024
Mao reboot caused the downturn
China's 🇨🇳 issuing $284 billion sovereign debt to help its struggling economy
is like throwing a cup of water on the forest fire. LOL
The stimulus money is less than Evergrande's debt.
744 Wilber Path
Yooo yooo yoo