Posted on 10/28/2020 9:13:50 PM PDT by DoodleBob
China's economy is leading the charge for a global recovery from the coronavirus pandemic, overshadowing the United States which continues to reel from a rising number of COVID-19 cases.
The world's second-largest economy grew 4.9 percent between July and September compared to the same quarter last year, according to government data. But economists had expected growth of 5.2 percent.
During the first quarter of the year, China's economy shrank by 6.8 percent as the pandemic closed factories and manufacturing plants. It was China's first economic contraction since the recording of quarterly GDP data began in 1992.
Yi Gang, China's central bank governor, said officials predict annual growth of around 2 percent. However, experts have often questioned the accuracy and transparency of China's official economic data.
Industrial production in September rose 6.9 percent, compared to the same period last year, while retail sales, a previous weak spot in its recovery, jumped 3.3 percent.
Car sales also increased 12.8 percent during the month while domestic air travel exceeded pre-pandemic levels.
...
In the U.S. there is fierce debate about measures to control the spread of infection, balancing the protection of public health in the pandemic and supporting the economy, the collapse of which also creates health and wellbeing issues.
The regime in China, by contrast, which is repressive and not democratic, mounted a draconian response to COVID-19 in order to control the virus within a relatively short period of time.
...
It comes as China's total exports last month rose 9.9 percent from a year ago to $239.8 billion, up from 9.5 percent growth the previous month. This was the fourth consecutive monthly gain...
Chinese exports to the United States climbed 20.5 percent to $44 billion last month, compared to a year ago, despite tariffs from the Trump Administration.
(Excerpt) Read more at newsweek.com ...
Regarding Chinese exports to the United States climbed 20.5 percent to $44 billion last month, compared to a year ago, according to the US Census data, America's Aug 2020 imports from China of $40.8 billion(not $44bn) was DOWN 1% from that in Aug 2019. And if this sentence was talking about September data (which haven't been released from the US), if the import value WAS $44bn, that would be up only 10%.
This article is so full of it that Newsweek should have used brown font.
Let's see how America's 3rd Quarter GDP looks tomorrow.
It’s a regime who’s population is expendable to them.
Chinese assets
OUTSHINES? We’re going to report THIRTY-SEVEN percent annual growth rate tomorrow.
Brought to you by the creators of COVID.
Our sales are up 7.9% over last year, strongest growth this century.
Well yes.
They can dispatch malcontents and focus on what’s important, money and power.
BbbaaaaWWWAAHHHHHH
Wow! Thanks for the facts.
“Chinese exports to the United States climbed 20.5 percent “
... as Dem states prevented their industries from producing.
I don’t doubt the strength of the US economy, but if our imports from China are off 13% or so, I don’t see how China’s domestic economy is rocking. Indeed, I heard of Chinese workers being sent home in 2Q because there were no orders.
LinkedIn: LaToya Harding, Freelance Business Reporter | Editor | Production Journalist
London, United Kingdom
Experience:
Business Reporter
Yahoo Finance UK
Oct 2020 - Present
Business Reporter
Newsweek
Oct 2020 - Present
ETC
https://uk.linkedin.com/in/latoya-harding-777723167
Twitter: LaToya Harding
24 Oct Tweet: Betting odds say
@JoeBiden twice as likely to win US election than @realDonaldTrump
Who are you betting on?
https://twitter.com/latoyakharding
pro-China FakeNewsMSM have been cheering on China for weeks:
China’s domestic jet fuel demand back to near pre-COVID levels
Reuters - 28 Oct 2020
Can China’s Covid Recovery Continue?
WaPo - 1 day ago
In China’s post-Covid economy, there may be hope for the struggling private sector made up of millions of small businesses...
Packed bars and mask-less catwalks: With Covid curbs fading, China set for consumption rebound
Reuters - 2 days ago
Is China’s recovery helping Asia’s other big exporting economies?
Aljazeera - 3 days ago
China becomes first major economy to recover from Covid-19 pandemic
Guardian - 1 week ago
With Covid-19 Under Control, China’s Economy Surges Ahead
New York Times - 1 week ago
China is winning the global economic recovery
CNN - 2 weeks ago
China’s economic recovery from the coronavirus will lift its neighbors in Asia, says Invesco
CNBC - 3 weeks ago
China Is Winning the Virus-Economy Recovery Race
Bloomberg - 4 weeks ago
How come China isn’t having covid anymore?
In reality, though we will find a combination of mechanistically focused medications, and a vaccine, and thus get beyond Covid, it is highly unlikely that even with all the scientific advancements in the world we will find a way to cure the stupidity of the majority of the media.
I’m not skeptical about it. If we opened up the economy the way they have, we’d be showing good numbers, too. Their approach is damn the torpedoes, but with masks. I think it’s fairly credible that their death numbers have been subdued since the Wuhan fiasco, simply because their neighbors’ numbers are similar. I’ll return to my recent surmise that the Far East is less susceptible, much as Africa seems to be, for body mass index reasons.
https://en.wikipedia.org/wiki/List_of_countries_by_body_mass_index
Our economy is being suppressed by Democrat governors. Without these !@#$!$# getting in the way, we’d be going through a massive recovery right now.
Q: How is China’s economy ramping up, given that its entire economy is based on US exports?
A: It’s a trick question. China’s economy is probably in the $15b range. $500b is US exports. Not all of that is value added in China. A good chunk is raw materials and intermediate goods imported from elsewhere. While exporters to the US and elsewhere are hurting, a good chunk of domestic Chinese demand is holding up, for the simple reason that China’s economy is open for business, unlike Western Europe and the US. Its neighbors are also mostly open for business, even while we are drowning in disease-related hysteria.
“This article is so full of it.”
True. The article is garbage and probably paid for by non-American sources. China has a 2% growth? Oh really? Well, then, maybe 400 million people in China will soon be able to purchase a bicycle for the first time.
Chinese Dirty Trick Works...Look At Our Fake Data
China, the utopian paradise where healthy organ donors donate their hearts and livers. Yeah, I buy it! /sarc
All data from China is suspect and almost always fake. This is the place where one of their gold dealers used 83 tons of fake gold as collateral and even the leaders has been manipulating their currency for decades.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.