Official Chinese GDP vs. Real Chinese GDP
Posted on 01/20/2019 9:38:03 PM PST by Olog-hai
China’s 2018 economic growth fell to a three-decade low, adding to pressure on Beijing to settle a tariff war with Washington.
The world’s second-largest economy expanded by 6.6 percent over a year earlier, down from 2017′s 6.9 percent, official data showed Monday. Growth in the three months ending in December dipped to 6.4 percent — the lowest quarterly level since the 2008 global crisis — from the previous quarter’s 6.5 percent.
Communist leaders are trying to steer China to slower, more self-sustaining growth based on consumer spending instead of trade and investment. But the deceleration has been sharper than expected, prompting Beijing to step up government spending and order banks to lend more to shore up growth and avoid politically dangerous job losses. […]
Economic growth in 2018 was the lowest since 1990′s 3.9 percent in the aftermath of the violent crackdown on pro-democracy protests centered on Beijing’s Tiananmen Square.
Growth in investment, retail spending and factory activity all declined, the National Bureau of Statistics reported. …
(Excerpt) Read more at apnews.com ...
Official Chinese GDP vs. Real Chinese GDP
Just want to say, that China is doing VERY well at the moment.
Very well indeed.
The all-time, ever, between any two countries, in all time highest trade surplus ever recorded.
With America.
In the year just ended.
That’s not a measurement of doing well.
Germany has big trade surpluses with many countries and its economy is also faltering, by comparison.
You post what you believe, I will post what I believe.
I believe it is high time, to bring manufacturing back to America.
It is time to STOP building up China. It is long past time, actually.
My statement of fact is not opinion. Trade surpluses are not a measure of doing well on the part of the entity holding the surplus.
I still don’t disagree with your sentiments as posted here. And in fact, the economic symptoms within Red China are part of such a movement, even though other players are in the game.
Built up for a fall :-)
The big problem for China is the drop in foreign investment. They need new investment to pay their bills!
Low credit liquidity is a bigger problem to them than trade.
Heck, the trade balance is just a marginal problem.
Trump’s hitting them at the right time in the right way.
How far was the Soviet Union from collapse when it first began to admit problems? About 5 years from Glasnost to the Wall.
I disagree.
We fundamentally are shrinking.
China is growing.
Not good.
Notice how they avoided mentioning that the crackdown wasn't just the 90s, it was June 4th, 1989 to be exact. And within 30 months we had gone all in to give Communist China the keys to our kingdom.
We transferred patents, technical know how, complete factories, and more to China. We gave away gyro, MIRV, and accuracy information to China's space program. This allowed them to stop lofting missile to have them blow up, to a very reliable system that could then target U. S. positions within 50 feet, with nuclear tipped warheads.
Yeah, lets hear it for our wonderful policies with China.
I will say that Trump's trade policies with China are the first time we have put the brakes on at all. I think that was part of his grand strategy all along.
Tightening China's economy, puts pressure on them. They can still spend on military if they like, but something else will have to give, and that causes problems.
Trump is a grand master player/planner.
China is not growing. Their GDP and growth rate are inflated by government agencies fiddling with the numbers and projects such as building ghost cities, never mind several other bubbles. If anything, they’re stagnant and in danger of sudden collapse.
Our opinions are in direct contradiction.
100%.
I completely disagree.
You completely disagree with what?
I think we’re in agreement about manufacturing needing to increase on US shores.
The only thing that is unfactual about what you said is claiming that Red China’s trade surplus (if accurately reported) is a sign of their “doing well”. Countries can run trade surpluses with other countries and still not be doing well themselves.
“If anything, they’re stagnant and in danger of sudden collapse.”
Cha-Ching!
China has bubbles galore.
Ghost cities that start falling apart before they’re finished. Really, who uses cardboard as a filler in concrete!?
High schools that are so intense kids are committing suicide if they are failing.
Then “universities” where students can’t fail even if they don’t show up.
Food scandals that make their own citizens buy costlier imported basics instead of local products.
Polluted water, air and even food staples grown in polluted soil.
I’m no expert but I have been reading and watching videos written by westerners living there.
Economically China is a paper tiger that a good drenching will wash away.
Chinese civilization is thousands of years old. They aren’t going to wash away. You may be too young to remember the Iron Rice Bowl and China in a constant state of near starvation. They have boot-strapped themselves into a world power. I expect them to become more capitalist as we become more socialist.
Only one problem...
China ain’t the China of old. Generations of communist rule have destroyed what remained of the Chinese culture. From my limited reading the old Chinese culture only exists in Taiwan these days.
Bootstrapped?
How about stole technology?
How about bought technology from the Clinton cabal?
China develops nothing. They reverse engineer everything and slap a Chinese name on it. Even Chinese businesses are complaining that the Chinese people haven’t the imagination to develop a new concept. They can only copy and paste.
Products made in China by Chinese companies are of such poor quality the Chinese won’t even buy the stuff. Even their knockoffs are crap and they know it.
As far as food, China is where we were in the early 1900’s before sanitation standards were put into effect. Eating at a Chinese restaurant or food stand is playing Russian roulette with your health.
As far as more capitalist, I’m not so sure. Xi is ramping up the communist slogans and rhetoric. Entertainers and businesspeople are scrutinized more now than ever.
Chairman Deng orchestrated the surge of the Chinese economy.
Unfortunately the ruling elites in China today are from the Lost Generation created by chairman Mao.
JMHO but I think China is due a very big stumble.
YMMV.
That actually is not the primary measure of a country doing very well.
Sure is.
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