China Economy: News & Discussion

[ym888]

 

[RoaringTigerHiddenDragon]

Lol…the youth unemployment rate in China is as high as 24% by several estimates, especially in manufacturing hubs.

 

[ym888]

China’s strong data likely to mask weakening recovery
SECTIONS
China’s strong data likely to mask weake ..

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

-----------------------

China is collapsing every day

 

[RoaringTigerHiddenDragon]

CCP’s own congress admits that youth unemployment rate is at 20%. That means the youth unemployment rate is as high as 40%.

 

[RoaringTigerHiddenDragon]

More CCP nonsense to shore up the economy which has giant structural faults by trying to do pivots that won’t work.

 

[RoaringTigerHiddenDragon]

Heck…even the retirees are getting affected. It is not just the youth.

 

[rockdog]

LOL, it's just a UI bug of online system.

 

[rockdog]

 

[rockdog]

 

[ym888]

With three Asian countries in the top four,



The Asian century is coming.


Expect the populous countries like Indonesia, Philippines, Vietnam and Pakistan to catch up

 

[rockdog]

With three Asian countries in the top four,



The Asian century is coming.


Expect the populous countries like Indonesia, Philippines, Vietnam and Pakistan to catch up

I always wondering whether we would keep 6:1 between China + HK + Macau vs India on GDP for next decades, the gap would be narrowed to 5:1 or 5.5:1.

If RMB is getting more popular as international trading currency, the RMB would be stronger thsn now, like 1 dollar as 5.2 rmb, then we will still have 6x GDP than India.

India is using the Chinese yuan to settle part of its Russian trade

Moscow prefers the yuan because of its growing trade with China

qz.com

 

[RoaringTigerHiddenDragon]

The video is self explanatory…

 

[srevster]

 

[RoaringTigerHiddenDragon]

University of Chicago professor’s thorough research shows China’s gdp is grossly overstated. At first this number may look big, but just by inflating gdp from 8% to 10% growth rate every year for 20 years, you can arrive at a 60% GDP over statement. Both the video I shared earlier and this one explains with very high academic rigor why China’s GDP is extremely overstated.

 

[ym888]

I always wondering whether we would keep 6:1 between China + HK + Macau vs India on GDP for next decades, the gap would be narrowed to 5:1 or 5.5:1.

If RMB is getting more popular as international trading currency, the RMB would be stronger thsn now, like 1 dollar as 5.2 rmb, then we will still have 6x GDP than India.

India is using the Chinese yuan to settle part of its Russian trade

Moscow prefers the yuan because of its growing trade with China

qz.com

That's an abnormal ratio.



Of course China is running too fast,



But India is too slow for me to understand. Only Indians know why.

 

[ym888]

 

[rockdog]

That's an abnormal ratio.



Of course China is running too fast,



But India is too slow for me to understand. Only Indians know why.

If you use another way to measure Chinese GDP"

China fiscal revenue 2022: In 2022, China brought in RMB 22.8 trillion ($3.4 trillion) in revenue and spent RMB 26.2 trillion ($3.9 trillion),

Making Sense of China’s Government Budget | ChinaPower Project

This ChinaPower feature untangles the complexities of China's government budgets and goes beyond the topline numbers to tell the full story.

chinapower.csis.org

In 2022, the total revenues of the U.S. government totaled around 4.89 trillion U.S. dollars.

Government revenues by category U.S. 2023 | Statista

In 2023, the vast majority of U.S. revenues came from individual income taxes. Corporate income taxes were significantly lower.

www.statista.com

China vs USA fiscal revenue is: 70%:100% ;


and

China vs USA GDP is 72-75%; Plus HK+Macau would be around 75%

I think generally, we still have 5-8 years to go.

 

[RoaringTigerHiddenDragon]

I always wondering whether we would keep 6:1 between China + HK + Macau vs India on GDP for next decades, the gap would be narrowed to 5:1 or 5.5:1.

If RMB is getting more popular as international trading currency, the RMB would be stronger thsn now, like 1 dollar as 5.2 rmb, then we will still have 6x GDP than India.

India is using the Chinese yuan to settle part of its Russian trade

Moscow prefers the yuan because of its growing trade with China

qz.com

bot…how hard is it to get into your THICK skull that the Chinese gdp numbers are FAKE. Even well educated Chinese like in the video I shared clearly with numbers and academic rigor have proven this. Stop with the circle jerk. Indians are not stupid to figure out the low IQ game you are playing. LoL.

 

[RoaringTigerHiddenDragon]

If you use another way to measure Chinese GDP"

China fiscal revenue 2022: In 2022, China brought in RMB 22.8 trillion ($3.4 trillion) in revenue and spent RMB 26.2 trillion ($3.9 trillion),

Making Sense of China’s Government Budget | ChinaPower Project

This ChinaPower feature untangles the complexities of China's government budgets and goes beyond the topline numbers to tell the full story.

chinapower.csis.org

In 2022, the total revenues of the U.S. government totaled around 4.89 trillion U.S. dollars.

Government revenues by category U.S. 2023 | Statista

In 2023, the vast majority of U.S. revenues came from individual income taxes. Corporate income taxes were significantly lower.

www.statista.com

China vs USA fiscal revenue is: 70%:100% ;


and

China vs USA GDP is 72-75%; Plus HK+Macau would be around 75%

I think generally, we still have 5-8 years to go.

Your China stats will never get any traction on this forum or any real forum where sensible people are present. So, just quit smoking that opium and go back to countryside to work on a newly converted forest to farm. The propaganda division is going to close down soon as well.

 

[rockdog]

One question @ym888

How do you think India would accumulate so much Yuan to pay Russia?

If they have so huge trade deficit with China? And i don't think they have many hard working labour in China for earning remittance like they did in Mid east.

India is using the Chinese yuan to settle part of its Russian trade

Moscow prefers the yuan because of its growing trade with China

qz.com