[sgbuffett]

These things are not said by me but China's top Economist working for state investment firm.

China fanboys not happy please go and look for him

https://finance.yahoo.com/news/youth-lif...33039.html



https://www.rfa.org/english/china/2024/1...ess-youth/

[sgbuffett]

China’s youth are draining vigor from consumption as a result of deep job losses, a marked contrast with older people’s spending habits that have remained stable since the pandemic, according to a prominent Chinese economist.

While China’s aging demographics could hold back the economy over the long haul, the elderly increasingly stand out for their healthier finances and resilience, according to Gao Shanwen, chief economist at SDIC Securities, who’s previously advised the country’s regulators and top officials.

“The younger a province’s population is, the slower its consumption growth has been,” Gao said at an investor conference in Shenzhen on Tuesday, citing his analysis of regional data. In public remarks live-streamed on several platforms, he described China’s post-pandemic society as being “full of vibrant old people, lifeless young people and despairing middle-aged people.”

The unsparing remarks quickly drew attention on China’s social media including Weibo, where videos and transcripts of Gao’s speech have been trending. The candor was all the more unusual at a time when local analysts try to moderate their language or even censor certain words such as “deflation,” as officials call for creating a more positive narrative around the economy.

Less than four years ago, the ruling Communist Party mouthpiece People’s Daily hailed young people as a spending force, saying they were “becoming the main consumer group of many popular products.”

Retail sales have been sluggish since the spread of Covid-19 worsened in 2022, as consumer confidence took a hit from pandemic measures as well as China’s worst property crisis in recent history. As the economy slowed, widespread salary cuts and layoffs also strained household budgets and curbed spending.
Although a recent government campaign to subsidize purchases of cars and home appliances led to a rebound in consumption, its growth is still far below pre-pandemic levels.

Before the pandemic, there was no strong correlation between a region’s consumption growth and its demographic patterns, according to Gao. The shift in recent years reflects the fact that retirees’ pension payouts have remained stable, while young people’s job prospects have dimmed, he said.

“At least for young people, their confidence in future income has declined significantly, their spending activity has been curbed, and their willingness to buy homes has also been curbed,” he said. “But all of these problems don’t exist for the elderly population.”

Youth unemployment remained elevated at 17.1% in October, more than triple the nationwide jobless rate in urban areas.

There may be a total of 47 million people who haven’t been able to find formal work in cities over the past three years even though the official jobless rate stayed stable, Gao said, citing his analysis of pre-pandemic trends in urban employment figures. That’s equivalent to 10% of China’s urban workforce last year, based on Bloomberg calculations using official statistics.

Those people might have made their way back to their home towns in the countryside or turned to gig work, meaning they aren’t counted in the official statistics, he said. Other independent analyses have also pointed to a weaker job market than shown in official data.

In another bold statement, Gao estimated that China’s gross domestic product may have been over-counted by 10 percentage points over the past three years, based on his analysis of the discrepancy between data on economic growth and the expansion in areas like consumption, investment and the labor force.

[webinarian]

                  
You better care for your Biden s $36 trillion debts.  

.

[WhatDoYouThink!]

There are so many things being said about so many countries

Something is wrong about china or you?

[p1acebo]

Sgbuffet’s hatred of China stems from the fact that he followed his erstwhile idol Master Leong FOMO and bought Alibaba in the earlier years.

Sgbuffet was a super stout supporter of Alibaba during the past several years.  He super iron teeth here and there to defend Alibaba.

But Sgbuffet no patience type of personality, trader mentality. He averaged down from 200 to 150 then 100, only to panic and paperhand and sell at a loss around 75

But now Sgbuffet buay song and always tries to suan Master Leong and badmouth China whenever he sees Alibaba rising up again

[WhatDoYouThink!]

Remember he proudly showed off a long list of china stocks he bought. All must hv suffered heavy losses

[cityhantam]

Economist became "top economist"!!??

"Top"????

"Top" in eating and licking AMTK sai? 

[Huliwang]

Economist became "top economist"!!??

"Top"????

"Top" in eating and licking AMTK sai? 

As long as they report any thing negative about China, they all become expert or top to Ah Butt when he echoed them.    

[Niubee]

These things are not said by me but China's top Economist working for state investment firm.

China fanboys not happy please go and look for him

https://finance.yahoo.com/news/youth-lif...33039.html



https://www.rfa.org/english/china/2024/1...ess-youth/

Everyone should be trained to find their own ways. Just like u jobless but making money but migrated from Muar.

[WhatDoYouThink!]

Every yr there are millions of graduates certainly it’s tough to find jobs for all

As a jobless youth or middle age(?) you shd know that very well. Any solution?

[Omnipresent88]

                  
You better care for your Biden s $36 trillion debts.  

.

Mental retard Pundek Pukimak ahbutt and brokeback gangs the ultimate amdk arse lickers stooge’s you don't know meh your daddies rather give money to Ukraine than their people live in street mental stupid hor correct or not arse lickers stooge’s singing and dancing keep barking woof woof and sucking your daddies beloved dogs lmao
https://media.tenor.com/P5GXKg-uVhYAAAAM/triggered.gif https://media.tenor.com/1oBtT0cPvigAAAAM...ndrews.gif https://media.tenor.com/sttF8xY21_QAAAAM...y-hill.gif https://media.tenor.com/HhMNTjd_zgcAAAAM...n-dork.gif Upz

[Omnipresent88]

Economist became "top economist"!!??

"Top"????

"Top" in eating and licking AMTK sai? 

Mental retard Pundek Pukimak ahbutt the amdk arse lickers stooge’s you don't know meh your daddies Australian kow tau to Xi Jinping cheo kau peng hor why har mental stupid hor correct or not arse lickers stooge’s 
https://media.tenor.com/1oBtT0cPvigAAAAM...ndrews.gif https://media.tenor.com/HhMNTjd_zgcAAAAM...n-dork.gif Upz

[WhatDoYouThink!]

书读得少，容易被各种衔头给吓着

[WhatDoYouThink!]

俗话说，白天要吃得苦中苦，晚上方为人上人

[factuup]

☝🏿CAN GUARDHOUSE DAWG PREESH TEACH SGTOK STOCK GURUS ABOUT FLIPPING COIN 10000 TIMES INSIDE GUARDHOUSE?

MAYBE CAN EMAIL THE REAL BUFFETT ABOUT "LONG RUN 50/50" TOO 

[factuup]

俗话说，白天要吃得苦中苦，晚上方为人上人

WUMAO DAYTIME NIGHT TIME ALSO CHIONG DIFFERENT GUARDHOUSES? I HEARD IT'S ILLEGAL 

[WhatDoYouThink!]

WUMAO DAYTIME NIGHT TIME ALSO CHIONG DIFFERENT GUARDHOUSES? I HEARD IT'S ILLEGAL 

Horse cum went to Chinese sch before?

[Tangsen]

                  
You better care for your Biden s $36 trillion debts.  

.

Excuse me, they are planning 50T by 2030 

[WhatDoYouThink!]

Ts now is still lifeless or in despair?

[WhatDoYouThink!]

WUMAO DAYTIME NIGHT TIME ALSO CHIONG DIFFERENT GUARDHOUSES? I HEARD IT'S ILLEGAL 

Ermao dawg found job already? As a security gaurd dawg?

[factuup]

CHEENA MANI TOP GRADS TAKING TOP JOBS OPERATING CRANES IN CONTAINER PORTS. THAT'S WHAT SOME SGTOK WUMAOS TRYING TO SAY WHEN THEY POSTED WORLD BUSIEST PORTS LOL!

[Omnipresent88]

Mental retard Pundek Pukimak and babi Bumiboy the ultimate amdk arse lickers stooge’s favourite signatures food top economist expert LMAO 
https://media.tenor.com/2c1Qcz3Dl-QAAAAM...-wayne.gif

[Omnipresent88]

Mental retard Pundek Pukimak and babi Bumiboy the ultimate amdk arse lickers stooge’s favourite signatures food top economist expert LMAO 
https://media.tenor.com/2c1Qcz3Dl-QAAAAM...-wayne.gif

TRIGGERED 
Mental retard Pundek Pukimak and brokeback gangs the ultimate amdk arse lickers stooge’s POOR THING LAST NIGHT CAN'T SLEEP SUCKING XI JINPING DICK LMAO CORRECT OR NOT ARSE LICKERS STOOGE’S 
https://media.tenor.com/P5GXKg-uVhYAAAAM/triggered.gif https://media.tenor.com/TIohhhv3TDoAAAAM...r-bean.gif https://media.tenor.com/sttF8xY21_QAAAAM...y-hill.gif https://media.tenor.com/2c1Qcz3Dl-QAAAAM...-wayne.gif

[[[ForeverAlone]]]

China SO SO BIG and their have Talents Of their own. Do you ever heard they like SG need to get PRs , FTs so much ?? Is China itself No need foreigners so call talents. They have their own Talents.

Just like USA , likewise too. No matter how bad USA and China inner problem they have, end of the day the World still need them.

Especially here in SG. Either One of them down obviously will affect SG too.

[Purikura]

https://www.nytimes.com/2023/05/30/busin...yment.html
https://www.businesstimes.com.sg/interna...employment


Third world china is getting hopeless and worsening daily. So many ah tiongs are jobless and living on the streets!

All the ah tiongs illegally fleeing overseas to commit crimes and conduct scams is already a good indicator.

Third world china have literally no jobs for their ah tiongs, that's why crime rate is increasing with all the ah tiongs slashing, chopping and ramming each other with cars in frustration!

[WhatDoYouThink!]

Alamak jobless ermaos laughing at jobless ahtiongs again

[Omnipresent88]

☝️

Mental retard Pundek Pukimak and brokeback gangs the ultimate amdk arse lickers stooge’s showing off their licking skills world number 1 lmao
https://media.tenor.com/TIohhhv3TDoAAAAM...r-bean.gif https://media.tenor.com/HhMNTjd_zgcAAAAM...n-dork.gif