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 ...
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.
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.
China’s average age of population is supposed to surpass the U.S. by 2030, if it hasn’t already. That is amazing.
Our numbers under Biden are almost certainly not real.
This can seem positive, but beware, dictators like Xi often lash out and start wars to distract their rivals and populace from bad economies.
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.
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.
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.
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.
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.
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.
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.
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.
What do you base that number on, and is it reliable?
Gold is not the only factor in economics.
China blows up and recovers much like America, its style is just more exciting.
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.
They have enough cash to threaten the world with their big military.
“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?
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