China Economy: News & Discussion

[srevster]

 

[rockdog]

China got 28 LNG ship orders from Qatar！

A biggest single contract in the world!

 

[srevster]

@smooth manifold @rockdog so you refuse to articulate how the Chinese GDP grew 5.3% in 2023?

 

[srevster]

Snowfall usually hits parts of northern China in August. Apr/May is rare.

Changing the topic I see, pathetic

 

[rockdog]

@smooth manifold @rockdog so you refuse to articulate how the Chinese GDP grew 5.3% in 2023?

Electricity normally a quite straightforward indicator of growth. Most economic activities are based on electricity.

In 2023, the total electricity consumption in society reached 9.22 trillion kilowatt hours, an increase of 576.4 billion kilowatt hours from 2022 and a year-on-year increase of 6.7%.

2023年，全社会用电量达到9.22万亿千瓦时，比2022年增加5764亿千瓦时，同比增长6.7%。虽然光伏、风电等绿电在马不停蹄的装机，但面对快速增长的用电量依旧显得分身乏术。更何况绿色电力还面临发电不稳定，电力存储成本高，输送过程损耗等一系列的问题，导致火力发电依旧占总发电量的七成以上。随 - 天眼查

华能国际电力股份有限公司怎么了？输送过程损耗等一系列的问题，导致火力发电依旧占总发电量的七成以上。 随着火力发电的周期性变化，华能国际、大唐发电、华电国际等企业公布的年报业绩都出现了大幅度的扭亏为盈，行业拐点已经到来。...

news.tianyancha.com

 

[srevster]

Electricity normally a quite straightforward indicator of growth. Most economic activities are based on electricity.

In 2023, the total electricity consumption in society reached 9.22 trillion kilowatt hours, an increase of 576.4 billion kilowatt hours from 2022 and a year-on-year increase of 6.7%.

2023年，全社会用电量达到9.22万亿千瓦时，比2022年增加5764亿千瓦时，同比增长6.7%。虽然光伏、风电等绿电在马不停蹄的装机，但面对快速增长的用电量依旧显得分身乏术。更何况绿色电力还面临发电不稳定，电力存储成本高，输送过程损耗等一系列的问题，导致火力发电依旧占总发电量的七成以上。随 - 天眼查

华能国际电力股份有限公司怎么了？输送过程损耗等一系列的问题，导致火力发电依旧占总发电量的七成以上。 随着火力发电的周期性变化，华能国际、大唐发电、华电国际等企业公布的年报业绩都出现了大幅度的扭亏为盈，行业拐点已经到来。...

news.tianyancha.com

Garbage prediction. India’s power grew by 12% for the same period, but India doesn’t have 12% GDP growth. So I still want to what was sold and to whom to get 5.3%. Just over producing in factories is not GDP growth.

 

[srevster]

@srevster ISRO has no applicable kerolox engines. The SCE-200(copied from Ukraine RD-810) is far from practical use and hasn't done any hot fire test yet as of Apr 2024.

 

[rockdog]

Garbage prediction. India’s power grew by 12% for the same period, but India doesn’t have 12% GDP growth. So I still want to what was sold and to whom to get 5.3%. Just over producing in factories is not GDP growth.

Both nations are on on industrialization, so power growth is always more than real growth.

Considering India is still very lack of electricity, its power growth faster than GDP growth than China.

But it still shows China GDP growth reasonable.

BTW, this is just a theory, u can keep ur own POV. Just no need strong language to me. U raised the question, i took time to answer, try respect each other.

 

[srevster]

Both nations are on on industrialization, so power growth is always more than real growth.

Considering India is still very lack of electricity, its power growth faster than GDP growth than China.

But it still shows China GDP growth reasonable.

BTW, this is just a theory, u can keep ur own POV. Just no need strong language to me. U raised the question, i took time to answer, try respect each other.

How can the CCP say China grew 5.3% without a clear explanation of how it happened? The underlying macroeconomic data has to back up the claim right. My ask is very simple, show me the macroeconomic data with respect to trade, sales or something else which proves the 5.3% growth.

In India's case this is very easy to prove, export growth, consumption growth, infrastructure growth, investment growth, population growth, and stock market growth.

In China's case, exports are down, consumption is flat, you have infrastructure growth, investments are down, population is down and stock market is down. So only assumption is infrastructure growth which is just the government spending money not necessarily the private market.

 

[rockdog]

How can the CCP say China grew 5.3% without a clear explanation of how it happened? The underlying macroeconomic data has to back up the claim right. My ask is very simple, show me the macroeconomic data with respect to trade, sales or something else which proves the 5.3% growth.

To be frank, I don't care about ur doubt. I don't want to waste on debate. Any my long article will be vanished by ur keep on posting slides one by one.

In China some industries up, some were done. It's normal. China in two yrs, exoported 8 millions cars, It's twice ur whole auto industry GDP, this is the growth.

And trade with India are making more and.more money, this is also growth...

I can make some other examples, but dude again, i really don't care ur POV. U can announce u POV wins, i m OK with it.


Plz understand.

 

[srevster]

To be frank, I don't care about ur doubt. I don't want to waste on debate. Any my long article will be vanished by ur keep on posting slides one by one.

In China some industries up, some were done. It's normal. China in two yrs, exoported 8 millions cars, It's twice ur whole auto industry GDP, this is the growth.

And trade with India are making more and.more money, this is also growth...

I can make some other examples, but dude again, i really don't care ur POV. U can announce u POV wins, i m OK with it.


Plz understand.

View attachment 250671

You keep changing topics and squirming like a fish trying to get back to water. My question is very very simple. Your aggregate exports went down. Your consumption is flat. Your real estate sales are down. How can China post 5.3% growth?

Your macroeconomic break down is:

Private consumption: 37.17% Government consumption: 16.12% Gross capital formation: 43.48% Exports of goods and services: 20.66% Imports of goods and services: 17.48% Net exports: 3.22% (2022)

 

[rockdog]

You keep changing topics and squirming like a fish trying to get back to water. My question is very very simple. Your aggregate exports went down. Your consumption is flat. Your real estate sales are down. How can China post 5.3% growth?

Your macroeconomic break down is:

Private consumption: 37.17% Government consumption: 16.12% Gross capital formation: 43.48% Exports of goods and services: 20.66% Imports of goods and services: 17.48% Net exports: 3.22% (2022)

OK, OK, it's really wasting my time, at least your would use google translate to read official website of China.

On April 16th, the National Bureau of Statistics released a preliminary calculation that the gross domestic product (GDP) for the first quarter was 29629.9 billion yuan, a year-on-year increase of 5.3% at constant prices and a month on month increase of 1.6% compared to the fourth quarter of the previous year.


The added value of the primary industry was 1153.8 billion yuan, a year-on-year increase of 3.3%;


The added value of the secondary industry was 10984.6 billion yuan, an increase of 6.0%;


The added value of the tertiary industry was 17491.5 billion yuan, an increase of 5.0%.

In the first quarter, the total electricity consumption in society increased by 9.6%, industrial electricity consumption increased by 7.7%, freight volume increased by 5.3%, commercial passenger volume increased by 20.5%, and port cargo throughput increased by 6.1% to verify the growth rate of GDP. The growth rate of 5.3% is consistent.


Source in Chinese:

4月16日国家统计局发布，初步核算，一季度国内生产总值296299亿元，按不变价格计算，同比增长5.3%，比上年四季度环比增长1.6%。

第一产业增加值11538亿元，同比增长3.3%；

第二产业增加值109846亿元，增长6.0%；

第三产业增加值174915亿元，增长5.0%。

一季度全社会用电量增长9.6%，工业用电量增长7.7%，货运量增长5.3%，营业性客运量增长20.5%，港口货物吞吐量增长6.1%等数据来验证GDP的增速，增长5.3%是吻合的。

About the real estate, this is the new update:

At a historic moment, cars surpassed real estate and became China's largest economic pillar!

Data shows that in 2023, China's total automobile output value reached an astonishing 11 trillion yuan, accounting for nearly 10% of the country's GDP. This number not only exceeds that of real estate, but also highlights the enormous potential of the automotive industry as a new engine of China's economy.

百度安全验证

baijiahao.baidu.com

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It's really wasting my time ... I really don't care your POV.

 

[smooth manifold]

@srevster
It's gonna be a bad day for you tomorrow. you will know what that is.

 

[srevster]

OK, OK, it's really wasting my time, at least your would use google translate to read official website of China.



In the first quarter, the total electricity consumption in society increased by 9.6%, industrial electricity consumption increased by 7.7%, freight volume increased by 5.3%, commercial passenger volume increased by 20.5%, and port cargo throughput increased by 6.1% to verify the growth rate of GDP. The growth rate of 5.3% is consistent.


Source in Chinese:



About the real estate, this is the new update:

At a historic moment, cars surpassed real estate and became China's largest economic pillar!

Data shows that in 2023, China's total automobile output value reached an astonishing 11 trillion yuan, accounting for nearly 10% of the country's GDP. This number not only exceeds that of real estate, but also highlights the enormous potential of the automotive industry as a new engine of China's economy.

百度安全验证

baijiahao.baidu.com

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

It's really wasting my time ... I really don't care your POV.

This doesn't matter if consumption is flat and exports didn't grow. Changing the distribution of a sum doesn't matter if the total sum didn't grow.

Show me where the total sum grew from a macroeconomic perspective. Was it exports, consumption, infra, or real estate sales?

Automotive sales come under exports and consumption. So if the total consumption is flat and exports declined, a rising EV industry doesn't offset the overall decline. For 5.3% GDP growth, the overall sum needs to increase by 5.3% not a specific sector.

How can freight traffic increase by 5.3% but exports shrink / consumption flat at the same time. Doesn't make sense

 

[srevster]

@srevster
It's gonna be a bad day for you tomorrow. you will know what that is.
View attachment 250678

Actually tomorrow is the 3rd phase of Indian elections. I'm looking forward to it.

 

[srevster]

3.5T in 2022
3.3T in 2023

 

[srevster]

 

[srevster]

The math doesn't add up to me. All I can rationalize is government is spending its fiscal budget to expand things to inflate GDP numbers. That's a big red flag!

 

[Azaad]

Data shows that in 2023, China's total automobile output value reached an astonishing 11 trillion yuan, accounting for nearly 10% of the country's GDP. This number not only exceeds that of real estate, but also highlights the enormous potential of the automotive industry as a new engine of China's economy.

Speak the truth , for the truth shall set you free...

@Crazywithmath ; @gslv markIII ; @FalconSlayers

 

[rockdog]

View attachment 250685

3.5T in 2022
3.3T in 2023

It's really wasting my time, by RMB:

On January 15th, Titanium Media App reported that recently, the State Council Information Office held a press conference on the import and export situation for the whole year of 2023. Data shows that the total import and export value in 2023 was 41.76 trillion yuan, a year-on-year increase of 0.2%. Over the same period, the import and export to countries jointly building the "the Belt and Road" totaled 19.47 trillion yuan, up 2.8%, accounting for 46.6% of the total import and export value, up 1.2%; Exported mobile phones amounted to 979.7 billion yuan, a year-on-year increase of 2.9%; Exported automobiles amounted to 716.51 billion yuan, a year-on-year increase of 76.8%.

2023年外贸数据重点速览：进出口总值同比增长0.2%，出口汽车增长76.8%_消息_全年_情况

钛媒体App 1月15日消息，近日，国新办举行2023年全年进出口情况新闻发布会。数据显示，2023年进出口总值41.76万亿元人民币，同比增长0.2%。同期对共建“一带一路”国家进出口19.47万亿元，增长…

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