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Chinaís economy is hurting and a trade deal canít come a moment too soon for Beijing
SCMP ^ | 3 Apr, 2019 | Cary Huang

Posted on 04/02/2019 9:13:47 PM PDT by Rabin

The trade row halved China’s industrial profit growth, from 21 per cent in 2017 to 10.3 per cent in 2018. Some sectors were hit harder than others. Automobile industry profit fell 42 per cent in the first two months of the year, as vehicle sales dropped for eight straight months up to February.

(Excerpt) Read more at scmp.com ...


TOPICS: Heated Discussion
KEYWORDS: beijing; trade
Deal or no deal, the ongoing US-China trade war has already taken its toll on the Chinese economy.
1 posted on 04/02/2019 9:13:47 PM PDT by Rabin
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To: Rabin

Shh!!

Don’t tell anyone.

It’s supposed to be hurting us more.


2 posted on 04/02/2019 9:14:51 PM PDT by dp0622 (The Left should know if.. Trump is kicked out of office, it is WAR)
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To: Rabin

China is stalling for time.

The real changes that need to be made are structural changes to China’s governance and economic planning - such changes would greatly change the Communist Party’s ability to centrally-plan its economy, and the CCP doesn’t want to do it.

They are hoping an economic and stock-market downturn will force Trump into a weak agreement for political considerations.


3 posted on 04/02/2019 9:18:31 PM PDT by PGR88
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To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; cardinal4; ColdOne; ...
Thanks Rabin.

4 posted on 04/03/2019 12:23:52 AM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: PGR88

China government has abandoned the old fashioned cental-planned economy model for decades.


5 posted on 04/03/2019 12:42:44 AM PDT by granada
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To: PGR88

China government has abandoned the old fashioned central-planned economy model for decades.


6 posted on 04/03/2019 12:44:33 AM PDT by granada
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To: granada
China government has abandoned the old fashioned central-planned economy model for decades.

That is incorrect. Yes, China no longer has rationed food or gasoline like under Mao, but the government has indirect control and manipulation of every single sector of the economy. The more "strategic" it is, the more likely it will be a state-run monopoly.

7 posted on 04/03/2019 6:53:44 AM PDT by PGR88
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To: PGR88
China is stalling for time.

Yup, but this time is different. Chinese culture is used to looking at things generations ahead, but this time it needs to be fixed much sooner than that. If this goes on, there's gonna be a major revolt in China and that could have terrible consequences for the parties in charge right now. It's not something they can look at decades away, it's the here and now (in a couple years)...
8 posted on 04/04/2019 5:46:45 PM PDT by Svartalfiar
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