Politics China's Economy and Politics

[Connaught Ranger]

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

 

[Picanha]

Horrible they are polluting so much. All Fake even their Green Revolution while massively building coal plants. Yeti you still have the naive Westerner beliebig every propgsnda lie. Heck even investors do it.

The 5G tractor I even saw that posted by CCP fans as a top China scientific masterpiece.

It is built out of a 7$ 3D modelling kit...

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

But countries like Germany still want to put them in (China components) everywhere.

They are subversing everything through cultural and scientific vehicles and also enablers and applying their propaganda there.

Politicians should be forced to watch those videos.

 

[Picanha]

So what is it now? You can not trust their numbers...and if they don't like anything what comes up. They just change the calculation method. Problem solved dumb Western investor dumps more money and tech into China. That they got rid of due dilligence is just the icing.

WSJ

Xi Jinping Chokes Off Crucial Engine of China’s Economy

Foreign direct investment in China fell to $20 billion in the first quarter from $100 billion a year earlier, hurting an already struggling economy.

www.wsj.com

CGTN (CCP)

China's FDI inflows up in first five months, foreign investors remain bullish on China

Despite ongoing challenges in the global economy, foreign investors continue to hold a positive outlook for China.

news.cgtn.com

 

[Connaught Ranger]

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

 

[Picanha]

Wall Street cut China’s GDP forecast many times this year. One bank adjusted 6 times

International investment firms have changed their China GDP forecasts nearly every month so far this year, with JPMorgan making six adjustments since January.

www.cnbc.com

Researchers have sought alternatives to gauge growth.

One organization is the U.S.-based China Beige Book, which claims to regularly survey businesses in China in order to put out reports on the economic environment.

Earlier this year, the firm's data "showed there was no revenge spending wave or a bombastic recovery," said Shehzad Qazi, New York-based managing director at China Beige Book.

"Wall Street's predictions of blockbuster growth in China were first based on hype, and then juiced up by China's inflated GDP prints into early 2023."

The resulting low figure helps Beijing make a case for supporting the economy, the analysts said in a July 17 report. "Understand what you are seeing in this year's GDP data: these are artificially constructed narratives for various audiences, not reports on China's economic performance."

Investment bank research is often known as the "sell-side," since it is meant to inform buyers about financial products and company stocks.

In the case of China, Qazi pointed out that "investment banks are not only incentivized to sell a 'China booming' story, but given their business interests in China, they are also unwilling to publish any views that can be seen as critical of China's economy."

 

[NoOne]

Wall Street cut China’s GDP forecast many times this year. One bank adjusted 6 times

International investment firms have changed their China GDP forecasts nearly every month so far this year, with JPMorgan making six adjustments since January.

www.cnbc.com

Researchers have sought alternatives to gauge growth.

One organization is the U.S.-based China Beige Book, which claims to regularly survey businesses in China in order to put out reports on the economic environment.

Earlier this year, the firm's data "showed there was no revenge spending wave or a bombastic recovery," said Shehzad Qazi, New York-based managing director at China Beige Book.

"Wall Street's predictions of blockbuster growth in China were first based on hype, and then juiced up by China's inflated GDP prints into early 2023."

The resulting low figure helps Beijing make a case for supporting the economy, the analysts said in a July 17 report. "Understand what you are seeing in this year's GDP data: these are artificially constructed narratives for various audiences, not reports on China's economic performance."

Investment bank research is often known as the "sell-side," since it is meant to inform buyers about financial products and company stocks.

In the case of China, Qazi pointed out that "investment banks are not only incentivized to sell a 'China booming' story, but given their business interests in China, they are also unwilling to publish any views that can be seen as critical of China's economy."

China-U.S. Trade Report

Well, here is a non-Chinese gauge of the state of economic affairs.

Mexico overtakes China as #1 U.S. trading partner. At least until the U.S. begins bombing the Mexicans.

 

[primer]

Explains why so many are setting up factories to assemble the Mexican parts at the border.

 

[Picanha]

Bankers Forced to Study Xi’s Thoughts as Party Tightens Grip

Xi Jinping Thought is becoming inescapable for bankers and businesspeople across China.

www.bloomberg.com

 

[Connaught Ranger]

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

 

[Picanha]

Xi’s Policies Have Shortened the Fuse on China’s Economic Time Bomb

Policy mistakes have mired the country in “Xi-flation.”

foreignpolicy.com

Looks like China is thoroughly broken. Stuck at 12000 $ gdp coupled with heavy structural problems originating from their fantasy numbers propaganda policy and crazy subsidies to always sell cheaper than the competition.

Nobody buys Chinese because its better or innovative.

Now nobody even buys if its cheaper. Many companies even have a no buy from China policy.

 

[Picanha]

China's economic troubles are not 'transitory'

Larger forces at work mean impact of policy changes will be limited

asia.nikkei.com

 

[Picanha]

Wie sich Chinas schwaches Wachstum im Alltag bemerkbar macht

Chinas Wirtschaft steckt in der Krise - das zeigt sich im Alltag der Menschen. In der Wirtschaftsmetropole Shanghai spielt sich vieles deutlich langsamer ab als vor der Pandemie. Von Alfred Schmit.

www.tagesschau.de

Numbers and reality:

Consequences of the economic downturn
China's boom in pause mode
Status: 21.09.2023 10:12 Uhr

China's economy is in crisis - and this is reflected in people's everyday lives. In the economic metropolis of Shanghai, many things are happening much more slowly than before the pandemic.

When the economy is humming, you notice it quickly in Shanghai. On the sidewalks, people are moving at a blistering pace. If you open the cab app, you'll see half-hour waiting times. Restaurants and bars have practically no free seats. At least, that's how it felt before the covid pandemic. Shanghai at 180, so to speak. Now, however, the cab arrives within five minutes instead of half an hour. You hardly ever have to make reservations at a restaurant. The latest economic data speak of growth and recovery, but Shanghai does not feel like it is at 180.

"Business is bad," says one restaurateur. Her restaurant has a lot of lunch guests and is located in the Jing-an district, where there are many offices. "Right after the end of the zero-covid policy, which was at the beginning of this year, things got better briefly - but only for a month or two. "Now, in August and September, they would have maybe half as many customers as usual at this time. "And they're spending even less, too. We feel it doubly that money isn't as loose with people anymore."

Her colleague, who runs a barbecue restaurant a few streets away with a lot of evening customers, can only confirm this.

The official statistics put the increase in consumer spending for the month of August at an impressive 4.6 percent nationwide. But in the everyday life of China's most important economic metropolis, Shanghai, this is not felt in many places. "This open-air barbecue, as we do here, is normally popular in the summer," says the restaurateur. "But the situation has been rather lukewarm so far, and eventually autumn will come." That will be tough, he says, because rents are high in Shanghai and labor costs have risen. "It's going to be hard for me and my people. It's not going well right now," he says.

More cab drivers, fewer passengersThe signs are unmistakable: vacant lots in shopping malls, delivery companies with scooters parked en masse on sidewalks instead of on the road. And then, of course, the cab business. This often shows how many or how few business and trade fair visitors are on the move in big cities. "I have the impression that things are still far from the way they were before the pandemic," says one cab driver. "Just looking at our business, it shows: there are a lot more drivers than before because a lot of the easy jobs aren't in demand right now." That's where people are switching jobs, becoming cab drivers - and at the same time, he says, there are far fewer passengers. "The two airports and the big train stations are where it's most likely to go.

But there, too, we cab drivers have to stand in line, not the passengers. The situation in Shanghai shows how much everyday life in China's cities has changed. Even the best figures from the authorities can't change that.

Translated with www.DeepL.com/Translator (free version)

 

[Picanha]

China's Evergrande chairman put under police surveillance

The stricken Chinese property giant said Hui Ka Yan was under suspicion of "illegal crimes".

www.bbc.com

 

[Connaught Ranger]

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

 

[Connaught Ranger]

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

 

[Picanha]

China comes down crashinhg hard while the CCP still tells lies about economic recovery every day. No one wants to buy real estate in China anymore people like Gou Yun in the article were arrested just for trying to buy real estate.

His name was changed for security reasons - funny sidekick CCP - shills also "fear" for their security (in the West) while they are just future comissars lying until they get power and then can throw everyone into a gulag.

Behind paywall but it paints a pretty grimm picture far worse than what we experience here. This notion is supported by a mass exodus of young Chinese to the West. Not the other way round which it should be if China is the future superpower most rich aND ExCeLLInG cOUnTRy oN EaRth.

Auf Lügen gebaut

Millionen Chinesen haben all ihr Geld in Immobilien gesteckt, die nie fertiggestellt werden. Jetzt stehen sie in Betonskeletten ohne Fenster und stellen fest, dass der Boom vorbei ist.

www.tagesanzeiger.ch

A $188 Billion Exodus Shows China’s Heft Fading in World Markets

A massive retreat of funds from Chinese stocks and bonds is diminishing the market’s clout in global portfolios and accelerating its decoupling from the rest of the world.

www.bloomberg.com

Sadly our China fans just spread bullshit and lies on the internet and don't move to where their mouth is for first hand experiences and a Xi inspired lifestyle. They can have a new super 100% indigenous Huawei phone there. What keeps them still here?

While young and rich Chinese move to the West the rest has no passports and will not get any issued. The CPC nears itself to the SED Policy in the GDR with travel restrictions.

High qualified Chinese search their luck in Europe for example.

Abwanderung in China - Hochqualifizierte Chinesen suchen ihr Glück vermehrt in Europa

Viele sind unter anderem aufgrund der restriktiven Politik frustriert. Deshalb wandern vermehrt Chinesen nach Europa ab.

www.srf.ch

China to see the world's biggest millionaire exodus this year, new study shows

According to a report by investment migration consultancy Henley & Partners, China is expected to lose the largest number of dollar millionaires this year due to migration.

www.cnbc.com

Also no more foreigners in China so they have to cater craft beers to Chinese with Chinese tastes:

Bitter truth for Chinese craft beer: expats are out, local tastes are in

Beijing brewpubs that traditionally catered to Westerners are diversifying their menus in favour of local tastes amid a 40 per cent decline in expats.

www.scmp.com

The decoupling starts from the base even if the top brass says no decoupling. Ever more German cities cut ties to China on their own.

Leiser Abschied: Immer mehr deutsche Städte wenden sich von China ab

Entgegen aller Beteuerungen koppelt sich Europa von China ab. Nicht mit großer Geste, sondern still und leise – von unten. Viele deutsche Städte pflegten Partnerschaften mit China, die sie nun beenden

www.capital.de

All these simple indicators point to a structural malaise already gone out of control.

 

[primer]

Some are comparing it to Japans post peak decline and inflate their way out of it.

 

[Picanha]

I think its worse than what Japan experienced.

It was overvalued there here there is no value at all just ruins.

 

[primer]

They are not making it simple for simple business, to send a file it has to be via some Chinese conduit. They have banned all western ones either for spite or to surveil it all.

 

[Connaught Ranger]

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies