- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
China economy misses targets, losing momentum
Posted on 5/15/19 at 4:45 am
Posted on 5/15/19 at 4:45 am
China’s economy lost steam in April, underscoring the fragility of the world’s second-largest economy as it girds for an intensified face-off with the U.S. over trade.
Industrial output, retail sales and investment all slowed more than economists forecast. The state sector continued to boost investment while private business eased off, and growth in manufacturing investment came in at the slowest pace in data dating back to 2004.
Faltering credit and consumption at home coupled with a weaker global economy means China is running out of steady growth engines right when it needs them. The soggy data spurred expectations the government will need to boost stimulus to cushion the blow from the escalating trade war, sending Asian stocks mostly higher. The yuan was little changed.
U.S. President Donald Trump rolled out 25% tariffs last week, leaving Chinese producers reeling. There’s a chance such levies will be widened to all the Chinese goods America buys.
“The double dip is confirmed,” said Lu Ting, chief China economist at Nomura Holdings Inc. in Hong Kong. “We expect Beijing to significantly ramp up easing/stimulus measures to stabilize financial markets and bolster growth, despite the more limited policy room than in previous easing cycles.”
LINK
Industrial output, retail sales and investment all slowed more than economists forecast. The state sector continued to boost investment while private business eased off, and growth in manufacturing investment came in at the slowest pace in data dating back to 2004.
Faltering credit and consumption at home coupled with a weaker global economy means China is running out of steady growth engines right when it needs them. The soggy data spurred expectations the government will need to boost stimulus to cushion the blow from the escalating trade war, sending Asian stocks mostly higher. The yuan was little changed.
U.S. President Donald Trump rolled out 25% tariffs last week, leaving Chinese producers reeling. There’s a chance such levies will be widened to all the Chinese goods America buys.
“The double dip is confirmed,” said Lu Ting, chief China economist at Nomura Holdings Inc. in Hong Kong. “We expect Beijing to significantly ramp up easing/stimulus measures to stabilize financial markets and bolster growth, despite the more limited policy room than in previous easing cycles.”
LINK
10
Posted on 5/15/19 at 5:04 am to Lsujacket66
This is what happens when you try to run an economy on 700 million rice farmers and IB Trinkets.
How much more QE can they possibly do? They've papered over their whole economy like a damn pinata, and the Trump tariffs are
How much more QE can they possibly do? They've papered over their whole economy like a damn pinata, and the Trump tariffs are
Posted on 5/15/19 at 5:24 am to Lsujacket66
IB Chinabot gonna be pissed.
Posted on 5/15/19 at 5:29 am to Lsujacket66
Well the Chinese claim to think long term in a planned economy.
So they either expect us to cave in and accept property theft, forced partnerships, currency manipulation, predatory pricing, and governmental controls on our businesses, or they prefer 25% tariffs than fair trade.
One must wonder just how one sided the current relationship is.
So they either expect us to cave in and accept property theft, forced partnerships, currency manipulation, predatory pricing, and governmental controls on our businesses, or they prefer 25% tariffs than fair trade.
One must wonder just how one sided the current relationship is.
Posted on 5/15/19 at 5:43 am to Lsujacket66
China thought they could play Trump. They need us more than we need them. If we stay the course they will fold. It use to be said that something was as worthless as a Chinese ultimatum. If we start taking our business to other countries, they will be in a world of hurt.
Posted on 5/15/19 at 6:03 am to Lsujacket66
Time for the Chinese to get back on that dirt diet
Posted on 5/15/19 at 6:30 am to Uncle Don
Exports declined last month in total, were down double digit to the US, manufacturing drop off (which means weak exports for May) and retail is not picking up the slack.
The good thing about the tariff increase this time, they were not given a lead time where they loaded in for six months, so you will see the impact in the next month or two.
They pumped 865 billion in credit in Feb which was 12% more than THE TOTAL OF LAST YEAR and the impact lasted a month. They simply are getting very little bang for the buck on every dollar injected now. Its no wonder. They continue to throw money at state run companies, who make concrete and steel and build roads and ports in foreign countries, then give them loans to pay the money back which they arent doing.
If they continue down the stimulus path, it wont be a matter of them "outlasting" us, the financial markets of the world will decide their fate for them.
The good thing about the tariff increase this time, they were not given a lead time where they loaded in for six months, so you will see the impact in the next month or two.
They pumped 865 billion in credit in Feb which was 12% more than THE TOTAL OF LAST YEAR and the impact lasted a month. They simply are getting very little bang for the buck on every dollar injected now. Its no wonder. They continue to throw money at state run companies, who make concrete and steel and build roads and ports in foreign countries, then give them loans to pay the money back which they arent doing.
If they continue down the stimulus path, it wont be a matter of them "outlasting" us, the financial markets of the world will decide their fate for them.
Posted on 5/15/19 at 6:38 am to trinidadtiger
The chinese plan is to wait out Trump.
Posted on 5/15/19 at 7:38 am to mightyMick
The Chinese haven propped up their economy with Obamanamics for the past 10 years. Print money,
Print more money, print a ton of money.
They can’t maintain that path for 6 more years. It will be fun to watch the collapse of their country and hopefully the end of communism there.
I.B.A. Dumbass is going to have a really bad next 6 years.
Print more money, print a ton of money.
They can’t maintain that path for 6 more years. It will be fun to watch the collapse of their country and hopefully the end of communism there.
I.B.A. Dumbass is going to have a really bad next 6 years.
Posted on 5/15/19 at 7:54 am to Lsujacket66
China will try their hardest to get their puppet Biden or (insert Democrat here) in charge to continue their plunder of the US. Their negotiating strategy was to keep Trump stuck in negotiations for as long as possible to wait him out. If Trump wins reelection then they will likely make some concessions but push hard for shorter terms in the deal so that they can more quickly return to the status quo under the next president.
Posted on 5/15/19 at 7:57 am to Lsujacket66
When you make shite people can live without and do not produce enough food to even come close to feeding your population, you are not going to win a trade war...
Needs will always outweigh wants in the end...
Prayers sent for IBaMeltingChinaMan and the others affected by the down turn in the rubber dog shite market.... amen...
Needs will always outweigh wants in the end...
Prayers sent for IBaMeltingChinaMan and the others affected by the down turn in the rubber dog shite market.... amen...
Posted on 5/15/19 at 8:00 am to Lsujacket66
quote:
losing momentum
China needs some Viagra
Posted on 5/15/19 at 8:01 am to Lsujacket66
90sproof will be along shortly to explain how China is better prepared to outlast us in the trade war regardless of these numbers
Posted on 5/15/19 at 8:06 am to Lsujacket66
China must have forgot about India and the rest of Asia manufacturing can be pushed to.
America can go a year or two without worthless cheap Chinese crap.
America can go a year or two without worthless cheap Chinese crap.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News