[Niubee]

What this guy say has not that much to do with the malaise China is facing.

Their 2nd largest propeprty developer just collapsed, the CPI is negative in deflation, youth unemployment up, exports and imports down. All these are real and present problems

Se are linked to long term structural issues others are shorter term.

China economy had faced problems in the past and they overcome it ...however these series of problems is all the way from 2020 ...in the property sector.    And the local govt debt which is also linked to property very old problem remains unsolved and deteriorated.

Why may are u trying to prove? U are right ah. OK right

[victortan]

China hv fail to win trust with this proud Xi only interested in power.
Even with stimulus n rate cut. No one want to invest. Most sell to strength.
And now wan to play with the stock mkt. extend trading hour allow buy back n etc. a bit too late.

I think next stop for Hsi is 15000. Jmo

[victortan]

China problems today self inflicted by Xi

1. ,zero covid policy devastated the economy.
2. Tech company crackdown destroyed hundreds of billions in value and growth.
3. Education sector crackdown wipe off entire private education sector with millions employed.
4. Anti spy law used to arrest business consulting fpreigjn company executives ..these companies collect data for foreign investors because china data is opaque.
5. Refusal to sigh trade deal with US after Li He negotiated a good deal. This deal is similar to the one US sign with Mexico. Now Mexico is US biggest trading partners.
6. Property sector mismanagement allowing bubble to grow too big then abruptly clamping down with 3 red lines.
7.  Belt and Road it cost China hundreds of billions as poor countries default.
8. "Common prosperity " concept caused many rich Chinese to shift money out to Singapore. They fear wealth confiscation under communists.

Next mistake is failure to take decisive actions at the very  onset of deflation. This is textbook classic error.  Reason is Xi surround himself with people without deep economic expertise

China had a very strong vibrant economy when Xi came to power. Because Xi is a hard-core communist his focus is his own power consolidation and use of propaganda rather than economic reforms. China's economy is on a downhill spiral.

True. My neighbour director of an real est agency told me cina rich buy many house in sillypore even with Govt cooling measure. 

They don care to pay more better than their money got taken by CCP.

[Niubee]

China has evolve using the Western model. If China were to overtake America, it has to walk his own road.

Western model is a dog eat dog model. Using countries destruction to create demands for their economies. See Ukraine, Iraq, Libya etc.

China will not walk that karma way. It has to create own pathways of tech inventions and NOT wars chaos... etc.

[WhatDoYouThink!]

How can china be world's number 1 without bombing other countries? Ermaos can be more realistic or not

[Clyde]

SgFett's ancestor's must be very disappointed with this useless banana descendant which is a disgrace to the ancestors.   

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Every day curse his ancestors, no wonder their off-spring so jialat. Really lppl.

[cityhantam]

大陸經濟太慘！連家樂福也倒閉？我在商場看到了什麼⋯#大陸#超市#家樂福
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[WhatDoYouThink!]

二毛们有ntuc sengsong 就觉得很了不起了。天大地大我最大

[Niubee]

Xi main focus is power consolidation and geo political games.
He is good at domestic power struggle and even making himself president for life 

When it comes to international geopolitics he does quite badly, causing all the adversarial countries to unite against him. For example Japan S.Korea and US are forming Asian NATO
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Kim will screwed Asian nato

[sogo]

China per capita GDP is one third of US and but its population much bigger.

Under good management China can easily surpass US GDP.

Tye forces in favor of this despite ageing population is

1. Urbanisation process that gives China baseline growth every year.

2. Upskilliingvin manufacturing to push up wages.

3. Service sector and consumption based growth.

Many of today's problem is due to self inflicted bad policies
They could have avoided and surpass US in coming years easily.

GDP is fake lah. Govt can just spend to generate gdp

[cityhantam]

https://finance.sina.com.cn/jjxw/2023-08...1925.shtml

白宫幸灾乐祸，德媒：“中国崩盘”纯属妄想

德国《焦点》周刊网站8月18日发表题为《6个事实表明，“中国崩盘”纯属妄想》的文章，作者为加博尔·施泰因加特。文章编译如下：

白宫里的政治人物已经在为中国经济数据暴露出弱点而幸灾乐祸。美国总统拜登称中国经济为“滴答作响的定时炸弹”。

但这种愿望并不符合实际情况。德国经济研究所区域市场部主任于尔根·马特斯说：“唱衰中国经济绝对为时过早。该国拥有强大且仍在增长的技术市场。尽管经济复苏比许多人期待的要弱，但经济今年仍将显著增长。”

下列确凿事实表明，“中国崩盘”纯属妄想：

1.中国经济增速是美国两倍

国际货币基金组织预测，中国实际国内生产总值（GDP）在2023年将增长5.2%，在2024年将增长4.5%。中国GDP几乎占全球经济产值的18%。即使中国经济在2023年仅增长3%，那么增量也将超过5000亿美元。

2.进口下降是经济走强的标志

2023年7月，以美元计价，中国进口同比下降12.4%，但进口下降对中国来说并不一定是坏消息。于尔根·马特斯说：“中国政府有意将重点放在提高自给自足上，以减少对西方的依赖。”

以汽车业为例，中国政府已经启动了“电动汽车攻势”。在中国，越来越多人在买私家车时不选择大众汽车，而选择比亚迪(234.540, 0.13, 0.06%)。今年前5个月，这家引领市场的企业在本土的电动汽车销量遥遥领先西方汽车品牌。

3.中国的创新力在增强

欧洲专利局的专利申请数量表明，中国人的创造力正在增强。2022年，有19041件中国专利在欧洲注册，比2021年增长15%。

4.中国在欧洲的足迹不断扩大

德国经济研究所一项最新研究表明，中国商品对欧盟市场正变得越来越重要。2000年，欧盟从中国的进口额占欧盟进口总额的2.6%。去年这一比例已增至8.8%。

欧洲人主要购买中国制造的计算机以及其他电器和光学设备。从2000年到2022年，这类商品从中国进口的比例从4.5%增长到了27.4%。

5.中国坐拥大量原材料

稀土在各类电子产品的制造中发挥着至关重要的作用。中国控制稀土市场近70%的产量。世界市场上的所有稀土元素有34%直接从中国进口。

6.中国的外汇储备充足

外汇储备是实力的体现——而且中国的外汇储备明显多于其他工业国。北京为应对危机储备了3.3万亿美元。外汇储备第二的日本仅储备了1.3万亿美元。截至2022年底，德国的外汇储备只有约3000亿美元。

综上所述，即使全球经济步入低迷阶段，中国仍然是世界经济火车头。
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[victortan]

no matter what, HSI lau sai,,

wait first before i go long again.. GLTA

[Alice Alicia]

China surpassed the US as world largest economy 8 years ago.

https://youtu.be/7ArjMmnlG8Q

[WhatDoYouThink!]

为何二毛经常患得患失呢？又怕中国崛起，又怕羊爹输不起，真是一群没烂用的羊狗🐕

[Alice Alicia]

https://youtube.com/shorts/WUqY7BWtrb0?feature=share

China economy will be 3 times the size of the US economy: Elon Musk