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China Is Trying to Revive its Economy. Is it Too Little, Too Late?
Channel News Asia ^ | 18 Oct 2024 | Calvin Yang

Posted on 10/18/2024 1:12:53 PM PDT by nickcarraway

The world's second-largest economy posted its slowest growth since early 2023 in the third quarter, according to data released on Friday.

China’s lacklustre economic growth underscores the urgent need for policymakers to move quickly with aggressive stimulus measures to reignite its economy, said analysts at the FutureChina Global Forum held in Singapore on Friday (Oct 18).

The world's second-largest economy posted its slowest growth in one-and-a-half years, according to data released on Friday.

The National Bureau of Statistics (NBS) said the economy expanded 4.6 per cent year on year in the third quarter, below the 4.7 per cent pace in the previous quarter.

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


TOPICS: Business/Economy; China; Foreign Affairs; News/Current Events
KEYWORDS:
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1 posted on 10/18/2024 1:12:53 PM PDT by nickcarraway
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To: nickcarraway

China’s blistering pace was not sustainable. Especially with their population control program. Add in their manipulation of the currency and stock market and they had a house of cards. I think Trump has a plan to huff and puff their little house down.


2 posted on 10/18/2024 1:23:45 PM PDT by EandH Dad (sleeping giants wake up REALLY grumpy)
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To: nickcarraway

China’s big problem is demographics. They have a lot of old people (who consume resources but don’t contribute labor) and too few young people (who also consume resources as well as contribute labor). This is a problem that will take several decades to fix. I expect them to crash hard in the meantime.

Discussion about whether policymakers should offer a stimulus package totally misses the point.


3 posted on 10/18/2024 1:24:17 PM PDT by ClearCase_guy (My decisions about people are based almost entirely on skin color. I learned this from Democrats.)
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To: ClearCase_guy; EandH Dad

China’s average age of population is supposed to surpass the U.S. by 2030, if it hasn’t already. That is amazing.


4 posted on 10/18/2024 1:27:16 PM PDT by nickcarraway
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To: nickcarraway
CCP official numbers. Almost certainly not real.

Our numbers under Biden are almost certainly not real.

5 posted on 10/18/2024 1:37:38 PM PDT by marktwain (The Republic is at risk. Resistance to the Democratic Party is Resistance to Tyranny. )
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To: nickcarraway
China Is Trying to Revive its Economy. Is it Too Little, Too Late?

This can seem positive, but beware, dictators like Xi often lash out and start wars to distract their rivals and populace from bad economies.

6 posted on 10/18/2024 1:38:12 PM PDT by The Sons of Liberty (President Trump saved by DIVINE INTERVENTION. GOD CONTINUES TO BLESS AMERICA!!!)
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To: nickcarraway

Yes, the ONE child policy didn’t work out so well.
Now, they do not have enough people to sustain their population.

In addition their average hourly wage is now higher than Mexico. Which is why China was going to build the largest automobile plant in the world in Mexico. Until, TRUMP said he would put a 100% tariff on those cars.


7 posted on 10/18/2024 1:55:43 PM PDT by woodbutcher1963
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To: nickcarraway

About a year ago China announced that their official population was 1.4 Billion. It WAS formerly 1.5 Billion.

That .1 difference is 100 MILLION PEOPLE that they lost somehow. GONE. OOPS. SO Sorry. SOME TINE WONG.


8 posted on 10/18/2024 1:59:08 PM PDT by woodbutcher1963
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To: nickcarraway

China’s future success depends on the CCP’s willingness to let the economy operate freely. Which, in turn, depends on the departure from the scene of Xi Jinping and his faction.


9 posted on 10/18/2024 1:59:17 PM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: woodbutcher1963
Oh, please. They are way less than 1.4 billion, possibly less than 1 billion. They are never transparent. The fact that they admitted they lost population tells you they had to, and it's probably worse than they say.

They depend on being a growing economy, and having a rapidly aging and declining population is not helpful to that image. Their average age will surpass the average age in the U.S. within five years.

10 posted on 10/18/2024 2:06:56 PM PDT by nickcarraway
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To: woodbutcher1963
Oh, please. They are way less than 1.4 billion, possibly less than 1 billion. They are never transparent. The fact that they admitted they lost population tells you they had to, and it's probably worse than they say.

They depend on being a growing economy, and having a rapidly aging and declining population is not helpful to that image. Their average age will surpass the average age in the U.S. within five years.

11 posted on 10/18/2024 2:06:56 PM PDT by nickcarraway
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To: The Sons of Liberty
That's definitely a possibility. But their culture is very inward-facing, not external-facing.

How often do you remember China going outside their territory militarily? Yes, they have border skirmished with India, and they would probably like to expand their borders a little in some areas.

Remember when China got their butt kicked when they tried to invade Vietnam in 1979. Vietnam is much smaller and weaker, and already exhausted by war, but China couldn't even project their power outside their borders there.

12 posted on 10/18/2024 2:10:18 PM PDT by nickcarraway
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To: nickcarraway; EandH Dad

I do my little bit to help. I check the label and avoid Made in China whenever possible. I have a knife made in the Republic of China I am proud of.


13 posted on 10/18/2024 2:15:09 PM PDT by Retain Mike ( Sat Cong)
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To: nickcarraway

China has an estimated 40,000 tons of Gold …to our 8,000 tons ( questionable). With the entire world’s Central Banks buying historic tons of Gold and dumping dollars, it is no surprise the world’s wealth is moving from the West to the East.


14 posted on 10/18/2024 2:23:25 PM PDT by delta7
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To: delta7

What do you base that number on, and is it reliable?


15 posted on 10/18/2024 2:27:45 PM PDT by nickcarraway
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To: delta7
What do you base the world's wealth moving from East to West on? China's economy is not doing as well as you claim. They have huge demographic problems you ignore.

Gold is not the only factor in economics.

16 posted on 10/18/2024 2:29:11 PM PDT by nickcarraway
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To: nickcarraway

China blows up and recovers much like America, its style is just more exciting.


17 posted on 10/18/2024 2:32:30 PM PDT by SaxxonWoods (.You will suffer from one: The pain of discipline or the pain of regret. )
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To: nickcarraway

Could the bacterial cultures in a Petri Dish alter or reform their life processes in order to reduce the inevitable accumulation of toxic waste products that will eventually kill it? Neither will the Chinese economy.


18 posted on 10/18/2024 3:15:13 PM PDT by Thistledew (Stop mispronouncing the VP's first name. That's racist! It should be "Camel Face" not Kam-A-Lah!)
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To: nickcarraway

They have enough cash to threaten the world with their big military.


19 posted on 10/18/2024 3:46:57 PM PDT by lurk (u)
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To: ClearCase_guy

“China’s big problem is demographics. They have a lot of old people (who consume resources but don’t contribute labor”

How long before the CCP goes Soylent Green on the old folks, or you can buy a cut of Uncle Wang at the wet market?


20 posted on 10/18/2024 3:52:34 PM PDT by I-ambush (From the brightest star comes the blackest hole. You had so much to offer, why didya offer your sou?)
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