Thank you very much, Daniel H. Rosen from Rhodium Group for these breaking insights about the slowdown of Chinese economy. Appreciate the methods of Rhodium Group looking for the basic data instead of Goverment's aggregated figures. Mindblowing diagrams! Even nobody can predict China's way we all have to change our assumptions und strategies.
Maybe the Chinese have figured out that GDP growth is not the correct metric - how much US gdp is deficit spending and wealth transfer from the middle class to the 1%?
May I help with respect to question re forecast Chinese OFDI of 1.4 trillion now thru 2028 / 5 = 280 billion per year...still plausible but a touch higher than the quick estimate given in Q&A session...rgds.
This whole presentation is very risky being based on questioning Chinese statistics. I am not at all convinced by the charts provided. In the type of planned economy that China has, if its GDP ifigure was so false it would cause chaos throughout its planning and policy framework. And would threaten the future credibility of its whole economic reporting system. This is a massive assumption that we should not be so eager to adopt. I prefer to look at what is happening in individual sectors. And here China seems to be making rapid progress in technology and penetration of markets in so many industries. And this ties in with current government strategy of switching to more value production.
Have you been paying attention to ANY of the societal and economic trends going on right now inside the PRC? "Lying Flat"? Cancelling of youth unemployment updates? White Paper and "I have nothing to say" protests? Bank withdrawal freezes? Bankruptcy of the second largest property developer and threats of bankruptcy from the top developer? Demographic and marriage registration collapse? Your so-called "rapid progress" chimera is exactly what we should be DOUBTING. With PLENTY of reason.
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Thank you very much, Daniel H. Rosen from Rhodium Group for these breaking insights about the slowdown of Chinese economy. Appreciate the methods of Rhodium Group looking for the basic data instead of Goverment's aggregated figures. Mindblowing diagrams! Even nobody can predict China's way we all have to change our assumptions und strategies.
Maybe the Chinese have figured out that GDP growth is not the correct metric - how much US gdp is deficit spending and wealth transfer from the middle class to the 1%?
May I help with respect to question re forecast Chinese OFDI of 1.4 trillion now thru 2028 / 5 = 280 billion per year...still plausible but a touch higher than the quick estimate given in Q&A session...rgds.
This whole presentation is very risky being based on questioning Chinese statistics. I am not at all convinced by the charts provided. In the type of planned economy that China has, if its GDP ifigure was so false it would cause chaos throughout its planning and policy framework. And would threaten the future credibility of its whole economic reporting system. This is a massive assumption that we should not be so eager to adopt.
I prefer to look at what is happening in individual sectors. And here China seems to be making rapid progress in technology and penetration of markets in so many industries. And this ties in with current government strategy of switching to more value production.
Have you been paying attention to ANY of the societal and economic trends going on right now inside the PRC? "Lying Flat"? Cancelling of youth unemployment updates? White Paper and "I have nothing to say" protests? Bank withdrawal freezes? Bankruptcy of the second largest property developer and threats of bankruptcy from the top developer? Demographic and marriage registration collapse? Your so-called "rapid progress" chimera is exactly what we should be DOUBTING. With PLENTY of reason.