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☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to Memes@lemmygrad.mlEnglish · 1 year ago

Chinese Economy Collapsing

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Chinese Economy Collapsing

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☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to Memes@lemmygrad.mlEnglish · 1 year ago
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    1 year ago

    A, Go through this post look at how your comrades act. Don’t act like I’m the problem here. How many replies and like three of you actually have anything of merit to say. So who is actually insane?

    B, Housing drag plus deflation pressure plus decreasing demand abroad for Chinese goods.

    but the real kicker? Their economy didn’t match the prediction at all from last year which wouldn’t be huge except experts adjusted their estimates almost monthly for China and that suggests a lot. Mostly that the information being publicly pushed isn’t reliable and should be considered unreliable.

    https://www.cnn.com/2023/12/27/economy/china-economy-challenges-2024-intl-hnk/index.html

    https://www.bloomberg.com/news/articles/2022-10-28/china-s-growth-now-seen-below-5-through-2024-on-covid-zero-risk

    https://www.aljazeera.com/economy/2023/12/22/after-bumpy-recovery-chinas-economy-faces-serious-headwinds-in-2024

    https://www.cnbc.com/2023/07/24/jpmorgan-citi-goldman-cut-china-gdp-forecast-a-few-times-this-year.html

    China will grow sure. But since the 90s they say every decade they will pass the US and they don’t. Because the numbers aren’t real even the IMF knows it that’s why they have the disclaimer right there underneath the graph y’all are stuck on. They talk about it too.

    All of this could just be me. But foreign investment has slowed into China and that’s what I personally look for. Those who know, clearly know.

    • CloutAtlas [he/him]@hexbear.net
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      1 year ago

      I’ll just reply here, let’s go through those links.

      First link, second paragraph:

      "Despite its many problems — a property crisis, weak spending and high youth unemployment — most economists think the world’s second largest economy will hit its official growth target of around 5% this year. "

      Second link, publish date:

      October, 2022 based on, and bear with me, China being in lockdown for a significant portion of 2022 (remember China was under harsher lockdowns for much longer than the west, 2022 was a slow year and the Bloomberg article was extrapolating on that data)

      Third link, pure speculation from a ROC journalist, but even in said link, 8th paragraph:

      While the International Monetary Fund (IMF) expects the Chinese economy to finish the year at 5.4 percent growth, economists predict a slowdown in 2024

      4th link, 3rd paragraph

      (July 2023) The U.S. investment bank most recently cut its China GDP forecast in July to 5%, down from 5.5% previously.

      However, you insist it doesn’t pass 5 and will not retract that statememt. It seems like you’ve already made up your mind.

      Regarding:

      Housing drag plus deflation pressure plus decreasing demand abroad for Chinese goods.

      Look, I’m looking at an increase in exports, as far as data I can find shows, the only yoy decrease was a 1% one in 2019. And this is inclusive of much more recent sanctions against China in the semi conductor market (which was also supposed to collapse but China pivoted and somehow recovered)

      China will grow sure. But since the 90s they say every decade they will pass the US and they don’t.

      Yeah, look can you honestly look at the last few years of US Statesmanship and see it surviving? The Roman republic didn’t need to surpass Macedon, they just needed for Macedonia to collapse. It then had room to surpass Alexander’s empire. China’s timeline is several thousand years. Liberalism, specifically neoliberalism, is collapsing within less than 100.

      If I were a gambling man, I would wager on the elder civilization. The one that gave the world paper, printing, gunpowder and the compass over the one that’s about to elect another dementia ridden Zionist (guess which one I’m talking about, lol)

      As for the behaviour of my comrades: if I had a guess you were the 1,000th to come in with these takes and almost smug certainty of western sources 100% accurate Chinese all inflated lies. A lot of people will just link you to a red sails article or something of the sort, most people don’t engage in actual discussions. If “tankies” kept showing up in your spaces, I’ve no doubt your friends would resort to Tiananmen square spam copypasta after a while.

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