#China economy

[kneedeepincynade]

The collapse of China is like Biden being pushed to the left,ain't happening, and the muricans should give up on it

The post is machine translated

Translation is at the bottom

The collective is on telegram

😂 Per mesi, i propagandisti anti-Cinesi hanno diffuso notizie fasulle ed esagerate contro la Cina sul Tema dell'Economia, riproponendo l'imbarazzante "China Collapse Theory" 🤹‍♂️

😂 Ogni ciclo della "China Collapse Theory" si è concluso con il collasso della teoria stessa, e anche questo ciclo non ha fatto eccezione 😄

🤩 这些小丑对所谓的 "中国崩溃 "早有准备。2001 年、2002 年、2003 年......、2023 年都没有发生，但也许 2024 年会发生！是的，它会发生在你们恶心可笑的梦里 😀

🤡 Nonostante tutti gli articoli dei 小丑 d'Occidente in stile terrorismo psicologico, con titoli come «Trema l'Economia Mondiale» o«Una nuova Lehman Brothers», l'Economia Cinese ha continuato a crescere nel Q3 del 2023, superando le aspettative e le previsioni degli economisti occidentali 📈

😂 Persino il FMI, non esattamente il circolo degli economisti di 乌有之乡, non esattamente l'organizzazione legata al Pensiero di 左大培, ha corretto al rialzo le previsioni sulla crescita dell'Economia Cinese per il 2023 nel Documento: "IMF Staff Completes 2023 Article IV Mission to the People’s Republic of China" - «The Chinese economy is projected to grow at 5.4 percent in 2023» 🤣

😂 E il "Collasso"?, e tutti gli articoli anti-Cinesi ricolmi di wishful-thinking su 恒大集团 - Evergrande Group? 哈哈哈哈哈 😂

😭 È davvero un giorno triste per i propagandisti anti-Cinesi. Ai propagandisti anti-Cinesi, dall'Italia del "miracolo economico" alla Germania in ginocchio, passando per gli USA in deficit di trilioni di dollari, consiglio l'articolo: 中医怎么缓解胃痛 中医7大偏方火速解决胃痛 - 7 Rimedi della Medicina Tradizionale Cinese per risolvere il mal di stomaco ☕️

😂 Si attendono con ansia i futuri articoli nello stile "[La Cina ha ottenuto un'altra vittoria], ma a quale prezzo?!" 😂

😀 Al prezzo della sanità mentale degli occidentali anti-Cinesi 🤣

😂 意大利期刊与法国或德国期刊一样，都是美利坚合众国的奴隶。它们不断重复美国对中国的宣传。读意大利期刊对中国经济的 "分析 "非常有趣，因为意大利经济就是个笑话，被债务、可怕的基础设施和糟糕的市场环境摧毁了 🇮🇹 🇫🇷 🇩🇪 😂

🔍 Approfondimenti:

一 Q1: +4,5% | Q2: +6,3% | Q3: +4,9% 📈

二 "China will collapse!" / "China is the biggest World threat!" - il dualismo ridicolo della propaganda anti-Cinese 🤹‍♂️

三 Il (nuovo) collasso della "China Collapse Theory" | La Cina sconfigge la "deflazione" in un solo mese, e continua a crescere 📈

四 La Cina sarà il motore della crescita dell'Economia del Mondo nel 2023 📈

五 Ogni previsione Occidentale sul "Collasso della Cina" è fallita 😂

🌸 Iscriviti 👉 @collettivoshaoshan 😘

😂 For months, anti-China propagandists have spread fake and exaggerated news against China on the topic of the economy, re-proposing the embarrassing "China Collapse Theory" 🤹‍♂️

😂 Every cycle of the "China Collapse Theory" ended with the collapse of the theory itself, and this cycle was no exception 😄

🤩 这些小丑对所谓的 "中国崩溃 "早有准备。2001 年、2002 年、2003 年......、2023 年都没有发生，但也许 2024 年会发生！是的，它会发生在你们恶心可笑的梦里 😀

🤡 Despite all the articles from the Western 小丑 in the style of psychological terrorism, with titles like "The World Economy is Trembling" or "A New Lehman Brothers", the Chinese Economy continued to grow in Q3 2023, exceeding expectations and the forecasts of Western economists 📈

😂 Even the IMF, not exactly the circle of economists of 乌有之乡, not exactly the organization linked to the Thought of 左大培, has corrected upwards the forecasts on the growth of the Chinese Economy for 2023 in the Document: "IMF Staff Completes 2023 Article IV Mission to the People's Republic of China" - «The Chinese economy is projected to grow at 5.4 percent in 2023» 🤣

😂 And the "Collapse"?, and all the anti-Chinese articles full of wishful-thinking on 恒大集团 - Evergrande Group? 哈哈哈哈哈 😂

😭 It is indeed a sad day for anti-China propagandists. To anti-Chinese propagandists, from the Italy of the "economic miracle" to Germany on its knees, passing through the USA in deficit of trillions of dollars, I recommend the article: Traditional Chinese Medicine to solve stomach ache ☕️

😂 Look forward to future articles in the style of "[China has achieved another victory], but at what cost?!" 😂

😀 At the price of the sanity of anti-Chinese Westerners 🤣

😂 意大利期刊与法国或德国期刊一样，都是美利坚合众国的奴隶。它们不断重复美国对中国的宣传。读意大利期刊对中国经济的 "分析 "非常有趣，因为意大利经济就是个笑话，被债务、可怕的基础设施和糟糕的市场环境摧毁了 🇮🇹 🇫🇷 🇩🇪 😂

🔍 Further information:

一 Q1: +4.5% | Q2: +6.3% | Q3: +4.9% 📈

二 "China will collapse!" / "China is the biggest World threat!" - the ridiculous dualism of anti-Chinese propaganda 🤹‍♂️

三 The (new) collapse of the "China Collapse Theory" | China defeats "deflation" in just one month, and continues to grow 📈

四 China will be the engine of growth of the World Economy in 2023 📈

五 Every Western prediction about the "Collapse of China" has failed 😂

🌸 Subscribe 👉 @collectivoshaoshan 😘

[emrinalex]

China's Financial Future: Easing Measures and the Threat of Hyperinflation

Oy vey, their economy is not well.

[global-newz]

China's Economic Slowdown Intensifies, Official Data Reveals

China's economy showed signs of strain in the third quarter, recording its slowest growth rate since early last year. Official figures from the National Bureau of Statistics indicate that the country's gross domestic product (GDP) increased by 4.6% year-on-year, falling short of the government's annual target of "around 5%."

Despite being slightly better than analysts had predicted, this growth rate marks the second consecutive quarter in which China's economic expansion has lagged behind the government's aspirations. The data also included positive trends in retail sales and factory output, which exceeded forecasts.

In response to the ongoing economic challenges, the Chinese government has rolled out several measures aimed at bolstering growth. However, according to Eswar Prasad, a former head of the International Monetary Fund's (IMF) China division, the current trajectory puts the government's growth target for the year at significant risk. "Achieving the target now seems highly unlikely without a substantial stimulus in the fourth quarter," he stated.

Conversely, Harry Murphy Cruise, an economist at Moody's Analytics, expressed a more hopeful outlook, suggesting that the recent stimulus measures could help the economy reach its annual target. However, he cautioned that further actions would be necessary to address the underlying structural challenges facing the economy.

Official statistics also revealed a concerning trend in the housing market, with new home prices in September experiencing their steepest decline in nearly a decade. Lynn Song, chief economist for Greater China at ING, highlighted that the ongoing downturn in the property sector continues to be a significant obstacle to economic recovery. "New investments are unlikely to see meaningful improvement until housing prices stabilize and inventories decrease," she noted.

In a bid to support growth, the People's Bank of China (PBOC) recently convened a meeting urging banks and financial institutions to increase lending. Last month, the PBOC announced its largest stimulus package since the onset of the pandemic, featuring significant cuts to interest and mortgage rates. The plan also includes measures to revitalize the struggling stock market and encourages banks to provide more loans to both businesses and consumers.

The world's second-largest economy is currently grappling with various challenges, including a deepening property crisis and weakened consumer and business confidence.

[head-post]

China to lift 4-year trade ban on Australian lobsters

China will resume imports of Australian live lobsters by the end of the year, removing the last major obstacle to bilateral trade that once cost Australian exporters more than 20 billion Australian dollars (US$13 billion) a year, Australia’s Prime Minister said on Thursday.

Prime Minister Anthony Albanese made the announcement after meeting Prime Minister Li Qiang on the sidelines of a Southeast Asian summit in Vientiane, Laos.

The lobster ban was the latest in a string of official and unofficial trade barriers Beijing has agreed to lift since the election of Albanese’s centre-left Labour Party government in 2022. Albanese told reporters:

I’m pleased to announce that Premier Li and I have agreed on a timetable to resume full lobster trade by the end of this year. This of course will be in time for Chinese New Year and this will be welcomed by the people engaged in the live lobster industry.

Albanese assured that relations with China have been improved without jeopardising Australian interests. Beijing is unhappy with the restrictions Australia has placed on some Chinese investments due to security concerns. He also added:

What’s important is that friends are able to have direct discussions. It doesn’t imply agreement, it doesn’t imply compliance and I’ll always represent Australia’s national interest. That’s what I did today; it was a very constructive meeting. I’m encouraged by the progress that we have made between Australia and China’s relationship in producing stabilization to the benefit of both of our nations and with the objective of advancing peace and security in the region.

The Chinese embassy in Australia did not immediately respond to a request for comment on Thursday.

Australia’s biggest export market for lobsters

China is Australia’s biggest export market for lobster, with more than 727 million Australian dollars ($506 million) worth of the crustacean exported to the country in 2019, the last year of normal lobster exports to the country, according to the International Trade Centre.

Beijing halted trade with Australia in 2020 on a range of products including lobster, coal, wine, barley, beef and timber as diplomatic relations plunged to new depths.

In some cases, Australian suppliers have been able to find other buyers and new markets have proved more lucrative. For example, Australian coking coal producers have shifted their focus to Europe and India.

Australia’s Department of Foreign Affairs and Trade website says China is the country’s largest trading partner. As of July 2022, it accounted for a third of foreign trade. The report says that despite the restrictions, trade with China still grew by 6.3 per cent in 2020-2021, mainly driven by exports.

During a state visit to Australia in June, Li said he had agreed with Albanese to “properly resolve” differences between their countries. Beijing has broken off contact between ministers in the nine years the conservatives have been in power.

Read more HERE

[creativemedianews]

China Unveils Measures to Revitalize Struggling Economy

China Unveils Measures to Revitalize Struggling Economy #Chinaeconomy #Mortgagerates #PanGongsheng

[fspgrad]

A look inside China: Is this the most sovereign country on Earth?

[kimludcom]

China's $2 TRILLION Mega Project Madness! (Top 5 & 👷‍♂️🌉🌁) @Kimlud

[alvinstrat]

How Will China's Housing Bubble End?

China has a housing bubble. Over the past 2 decades, Chinese people have claimed that they need a property to get married, they are willing to pool the entire family's money to buy one, there is no other real forms of investments, equities is too policy and emotions driven, etc.

In 2022, a Chinese friend told me he was buying real estate. I told him to consider renting for 2 more years and wait and see what happens in 2024-2025 to wait for the covid dust to settle as the bubble seemed to be bursting back then.

Now the bubble is bursting, I think the worst case scenario could be the Indonesian 1997 Financial Crisis and the ensuing social unrest and liberalisation of the economy and governance model.

I think things will just drag on and on as they usually do in China which is massive and all the propaganda will continue but political and macro risks are incredibly high over there.

The Chinese developers' and officials thinking of 'build and they will come' and using real estate to grow GDP has resulted in many ghost cities and half completed buildings. They will come only if they can afford it. And even if they can afford it, the quality of housing is horrible.

[ferrolano-blog]

China está llenando el vacío económico causado por la desindustrialización de Estados Unidos, la OTAN y Europa... es una economía de subsidios, gastos en infraestructura y aumento del nivel de vida de su población. Es una política económica similar a la que aplicaron Estados Unidos y Alemania, a finales del siglo XIX , una política básica del capitalismo industrial, una política que deberían haber evolucionado hacia el socialismo si se hubiera controlado a la oligarquía financiera... China ha utilizado las políticas que en Estados Unidos tuvieron éxito. Pero el capitalismo estadounidense y europeo ya no es industrial. Es el capitalismo financiero... Estados Unidos se ha convertido en una economía rentista que vive de las rentas monopóliscas... aquí está el problema para Estados Unidos. Conseguir el liderazgo tecnológico pasa por I+D. Pero esto cuesta dinero, y Amazon, Google, Meta y otros utilizan sus ingresos para hacer subir los precios de las acciones en el CORTO PLAZO mediante recompras de acciones y pagos de dividendos, no para investigación y desarrollo a largo plazo... el intento de aislar y perjudicar a China y a todos los demás países que buscan su autodependencia está dando cómo resultado el aislamiento de Estados Unidos. Esta es una formidable ironía... la política autodestructiva de Estados Unidos basada en dañar a otros países como medio para controlarlos va al desastre. En cambio, China ofrece ganancias mutuas a todos sus socios comerciales . Esto último significa que la civilización terminará sobreviviendo a la barbarie del Imperio tanto en Gaza como en otros lugares de conflicto (Michael Hudson)

[newsreports-online]

How China's economy compares to the US

The American and Chinese economies bucked growth predictions in the first quarter of 2024. U.S. expansion slowed amid rising inflationary pressure, but unemployment remained low. Meanwhile, China’s economy showed signs of recovery in several sectors, though some of this had tapered off by March. The economic landscapes of both countries have diverged since the end of the pandemic. The U.S.’s has…

[kneedeepincynade]

The dollar is doomed and the empire with it. The era of the Americans is over!

The post is machine translated

Translation is at the bottom

The collective is on telegram

⚠️ NEL MENTRE GLI IMPERIALISTI STATUNITENSI CONTINUANO A "PREVEDERE" IL "COLLASSO DELLA CINA", COLLASSANO LE SUE BANCHE E SI VERIFICA UN CROLLO VERTIGINOSO DEI SUOI TITOLI IN BORSA ⚠️

🌸 Chi segue il Collettivo Shaoshan da tempo, o ha visto questo video di OttolinaTV, sa bene che - per decenni - gli imperialisti statunitensi e i loro lacchè europei si sono lanciati in assurde previsioni sul fantomatico "Collasso della Cina", poi mai avvenuto 🤡

😂 Per chi volesse farsi due risate, trovate in questo post un bel po' di previsioni di Gordon G. Chang, l'asset dell'Impero USA che meglio rappresenta la ridicola "Teoria del Collasso della Cina" 😱

😂 Negli ultimi mesi, però, sono spuntati come funghi video ancora più imbarazzanti, come "La Cina andrà in bancarotta tra 29 giorni", e poi non è ma successo, o "L'Economia Cinese sta per collassare in 25 giorni", e poi non è mai successo 🤣

🤔 Cosa, invece, è avvenuto? Il collasso di una banca statunitense, e il crollo vertiginoso in Borsa di altri titoli bancari 📉

🤔 In questo articolo su "乌有之乡" si trova una bella domanda con una altrettanto bella risposta:

💬 "Quanto tempo ci vuole perché una banca del valore di centinaia di miliardi di dollari passi dalla prosperità alla bancarotta? 48 ore" 😂

🤔 Inoltre, è interessante leggere ciò che ha scritto questo utente Cinese su Weibo:

💬 "L'essenza del fallimento e delle chiusure delle banche negli USA è il risultato inevitabile del declino del Capitalismo Monopolistico Finanziario che è entrato in una bolla. Quando la Federal Reserve continua ad alzare i tassi di interesse, la credibilità del dollaro crolla e il "petroldollaro" diventa non sostenibile. Il crollo finanziario degli USA sarà come un domino, e arriverà con grande forza" ⭐️

💬 "La miopia della strategia dei politici della Casa Bianca ha rovinato il patrimonio nazionale degli USA e il disaccoppiamento dall'economia Cinese farà perdere al dollaro il suo ultimo supporto strategico" ⭐️

🌸 Iscriviti 👉 @collettivoshaoshan

⚠️ WHILE US IMPERIALISTS CONTINUE TO 'FORECAST' CHINA'S 'COLLAPSE', ITS BANKS COLLAPSE AND ITS STOCK STOCKS PUMP ⚠️

🌸 Those who have been following the Shaoshan Collective for some time, or have seen this video by OttolinaTV, know well that - for decades - the US imperialists and their European lackeys have launched into absurd predictions about the elusive "Collapse of China", which never happened ���

😂 For those who want to have a laugh, find in this post a lot of predictions by Gordon G. Chang, the asset of the US Empire that best represents the ridiculous "China Collapse Theory" 😱

😂 In recent months, however, even more embarrassing videos have mushroomed, such as "China will go bankrupt in 29 days", and then it never happened, or "China's economy is about to collapse in 25 days", and then it never happened 🤣

🤔 What happened instead? The collapse of a US bank, and the dizzying collapse of other bank stocks on the stock exchange 📉

🤔 In this article on "乌有之乡" there is a good question with an equally good answer:

💬 "How long does it take for a bank worth hundreds of billions of dollars to go from prosperity to bankruptcy? 48 hours" 😂

🤔 Also, it's interesting to read what this Chinese user wrote on Weibo:

💬 "The essence of bank failures and closings in the US is the inevitable result of the decline of Financial Monopoly Capitalism which has entered a bubble. When the Federal Reserve continues to raise interest rates, the credibility of the dollar collapses and the "petrodollar" becomes unsustainable. The US financial collapse will be like dominoes, and it will come with great force" ⭐️

💬 "The strategy short-sightedness of the White House politicians has ruined the national heritage of the USA and the decoupling from the Chinese economy will cause the dollar to lose its last strategic support" ⭐️

🌸 Subscribe 👉 @collettivoshaoshan

[nexuminvestment]

Starbucks: Estratégias de Crescimento no Mercado Chinês

A jornada da Starbucks na China tem sido marcada por um crescimento notável. Desde os seus humildes começos com menos de 500 lojas em 2006, a empresa tem investido consistentemente na expansão de sua presença no mercado chinês. Howard Schultz, fundador da Starbucks, compartilhou em uma entrevista na Universidade Fudan que, apesar das incertezas iniciais, a Starbucks persistiu e construiu uma base…

[head-post]

China investigates EU products in response to EV tariffs

China imposed temporary anti-dumping measures on goods from the European Union after the bloc voted in favour of tariffs on Chinese-made electric vehicles (EVs), according to Reuters.

China’s Ministry of Commerce said the dumping of brandy from the EU threatened China’s own brandy sector with “substantial damage.” As a result, Beijing hit EU brands including Hennessy and Remy Martin on Tuesday. France’s cognac lobby claimed the new duties were a retaliation to tariffs on EVs and called on authorities to protect the brandy industry.

An investigation into dairy subsidies announced by China’s Ministry of Commerce in August would focus on various types of cheese, milk and cream intended for human consumption. The measure was a response to a complaint filed on 29 July by the China Dairy Industry Association on behalf of the domestic dairy industry.

The EU was China’s second-largest source of dairy products, with 36 per cent of the total import value in 2023, according to Chinese customs data. The EU exported 1.7 billion euros ($1.84 billion) of dairy products to China in 2023, the European Commission reported.

Another anti-dumping investigation in June targeted pork. The ministry said it was prompted by a complaint filed by the China Animal Husbandry Association on behalf of the domestic pork industry.

Pork suppliers from South America, the US and Russia could be among those to gain market share if Beijing restricted imports from the EU. The EU accounts for more than half of China’s imports of pork worth about $6 billion in 2023, according to customs data.

Beijing launched an anti-dumping investigation in May against POM (Polyoxymethylene) copolymers imported from the EU, the US, Japan and Taiwan. This plastic is often used in wet engineering environments.

Read more HERE

[emeriobanque]

China Cuts Bank Reserve Requirements to Bolster Fragile Recovery

In a surprise move, China's central bank announced a significant cut to bank reserves on Wednesday, injecting around $140 billion into the banking system. The People's Bank of China (PBOC) declared a 50-basis point cut, the largest in two years, effective from February 5th, aiming to support a fragile economy and counter-plunging stock markets.

This announcement, made as stock markets were closing, prompted a positive response with benchmark stock indexes and the yuan bouncing back.

PBOC Governor Pan Gongsheng indicated that the bank would unveil policies to enhance commercial property loans, providing hope for investors concerned about China's real estate sector. The move follows China's struggle for a robust post-COVID recovery amidst a housing crisis, local government debt risks, and weakened global demand.

The recent cut in banks' reserve requirement ratio (RRR) is the first this year and comes as China's benchmark indexes hit 5-year lows, reflecting challenges in the $9 trillion market. Pan stated that the RRR cut would release 1 trillion yuan ($139.45 billion) into the economy, surpassing analysts' expectations.

The central bank emphasized a commitment to a loose monetary stance throughout the year to ensure a strong start for the economy in the face of challenging conditions.

Market reactions were positive, with Hong Kong's Hang Seng Index experiencing its largest one-day gain in two months, ending up 3.6%. However, analysts remain cautious, awaiting a comprehensive set of policy supports before determining the overall market impact. Despite several previous measures, more stimulus is anticipated in 2024 to stimulate growth and address deflationary risks.

As China's leaders pledged additional steps to support recovery in December, experts suggest a focus on boosting consumption for a sustained economic rebound.

The central bank faces the dilemma of ensuring effective monetary policy tools, with credit predominantly flowing to manufacturing rather than consumption, potentially adding to deflationary pressures. The economy grew by 5.2% in 2023, meeting official targets, but the recovery has been less robust than expected.