Butter Chicken
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I agree with you that Xi's adherence to zero covid is bizarre but the impact is far less than what media in the West makes it out to be.As far as China is concerned, there are only 2 figures I pay attention to. Their:
1)exports
2) forex reserves.
As long as both of these are increasing or at least stable, they can keep their economy running regardless of the internal debt. Things like bank runs and fraudulent companies have been there in China even in its high growth years. It's nothing new. The CCP maintains complete control over the internal economy, and as far as they're concerned, their internal debt and currency is just monopoly money. What they need is dollars, which will keep coming in as long as they maintain their exports. Even after all the mess of covid, the Chinese have managed to keep growing their exports, including to India. All this talk of de-coupling is showing no real results when it comes to hard numbers.
The only wrench in the system is Xi Jinping's bizarre zero covid policy which is grinding their cities to a halt, and having significant economic consequences. It makes no economic or even public health sense. If they keep going at it, then yes, there can be real economic slowdown which might lead to lower exports. Otherwise, they'll keep growing.
Not all cities are hit uniformly. They are locking down 1 or 2 cities at a time, which still has significant impact. It's hitting key parts of the Chinese supply chain.I agree with you that Xi's adherence to zero covid is bizarre but the impact is far less than what media in the West makes it out to be.
You can see this in the Chinese box office. There was a $400M blockbuster called "Moon Man" this summer while Lightchaser's latest animated movie "Yang Jian" will gross just as much as the company's "White Snake" release in 2019 before Covid.
If the restrictions were particularly bad, entertainment would have been hit first and hardest.
I don't think those two movies are comparable .I agree with you that Xi's adherence to zero covid is bizarre but the impact is far less than what media in the West makes it out to be.
You can see this in the Chinese box office. There was a $400M blockbuster called "Moon Man" this summer while Lightchaser's latest animated movie "Yang Jian" will gross just as much as the company's "White Snake" release in 2019 before Covid.
If the restrictions were particularly bad, entertainment would have been hit first and hardest.
I was 200% against Xi's Zero Covid policy, it destroyed lots of small business.I agree with you that Xi's adherence to zero covid is bizarre but the impact is far less than what media in the West makes it out to be.
You can see this in the Chinese box office. There was a $400M blockbuster called "Moon Man" this summer while Lightchaser's latest animated movie "Yang Jian" will gross just as much as the company's "White Snake" release in 2019 before Covid.
If the restrictions were particularly bad, entertainment would have been hit first and hardest.
Not sure what you mean by compatible. The analysis is that if the impact of the lockdown were exceptionally severe then we would not see a film making $430M and an animation company matching its hit from 2019 since entertainment is discretionary spending and is composed of crowd events that gets dropped first in any kind of lockdown.I don't think those two movies are comparable .
Animation movies get below average collection across the world and if 2022 movie equals its record after 3 years including inflation in ticket price , then i think yes lockdown has its effect.
I said comparable.Not sure what you mean by compatible.
Ooops, comparable.I said comparable.
Animation movies already don't earn much on an average.
And here you are comparing 2020 revenue of animated movie with revenue of movie with famous starcast in 2022.
NGL It shone like a bright star during its end of growth. It's coming down now.
China Maal....
Bloody the Entire building is burning. What type of building materials was used.??
Card Boards and Plastics....
Why I have a feeling entire Chinese economy will be burning like this in a few months or years . ..
It's mostly the surface material caught on fire,internal damage was not serious.
China Maal....
Bloody the Entire building is burning. What type of building materials was used.??
Card Boards and Plastics....
Why I have a feeling entire Chinese economy will be burning like this in a few months or years . ..