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China is currently not an economic threat and is imploding internally.
Posted on 3/20/24 at 8:07 am
Posted on 3/20/24 at 8:07 am
Currently, China has been experiencing some pretty severe
deflation for possibly a year or more. A different article from Reuters from January gets into some details.
Oh, and what was going on with everyone's favorite Chinese investment industry, housing?
Beijing accuses Evergrande of inflating revenues by $78 billion
This is after Evergrande was recently ordered to liquidate
So what about America? We are extending our lead in GDP and have expanded the gap
Here is a YT video I just watched discussing how people are too poor to even spend for Chinese New Year
Do we still think BRICS will have any impact on the USD?
Can we stop with projecting fear porn about China?
deflation for possibly a year or more. A different article from Reuters from January gets into some details.
quote:
China's consumer prices declined for a third month in December while factory-gate prices extended their prolonged slide, highlighting persistent deflationary pressures in an economy struggling to mount a solid recovery.
The consumer price index (CPI) shed 0.3% in December from a year earlier, and was up 0.1% month-on-month, data from the National Bureau of Statistics (NBS) showed on Friday. November's index dropped 0.5% in annual and monthly terms.
Oh, and what was going on with everyone's favorite Chinese investment industry, housing?
quote:
The People's Bank of China (PBOC), which lifted policy bank loans at the end of last year through its pledged supplementary lending (PSL) facility, has fuelled expectations of increased support for the country's ailing housing sector.
Beijing accuses Evergrande of inflating revenues by $78 billion
quote:
Chinese regulators have accused Evergrande and its founder of inflating revenues by $78 billion, putting the insolvent property developer at the heart of the country’s biggest ever financial fraud case.
This is after Evergrande was recently ordered to liquidate
So what about America? We are extending our lead in GDP and have expanded the gap
quote:
The US has pulled further ahead of China in the race for world’s biggest economy, thanks in part to a vibrant American consumer.
US gross domestic product rose 6.3% in nominal terms — that is, unadjusted for inflation — last year, outpacing China’s 4.6% gain.
Here is a YT video I just watched discussing how people are too poor to even spend for Chinese New Year
Do we still think BRICS will have any impact on the USD?
Can we stop with projecting fear porn about China?
40
Posted on 3/20/24 at 8:10 am to SlowFlowPro
You are a Chyna first type of guy so this isnt really fooling anyone
Posted on 3/20/24 at 8:10 am to SlowFlowPro
When they ship Fentanyl into the US every day, they threaten our economy, regardless the health of theirs
Posted on 3/20/24 at 8:11 am to SDVTiger
quote:
You are a Chyna first type of guy
If being for freedom is this, then I guess I am
I believe in freedom (capitalism). I don't think that makes me "China first" considering we are winning that war.
Posted on 3/20/24 at 8:11 am to SlowFlowPro
I’d be most worried about an enemy when things aren’t going well for them.
Posted on 3/20/24 at 8:11 am to SlowFlowPro
quote:
US gross domestic product rose 6.3% in nominal terms — that is, unadjusted for inflation — last year, outpacing China’s 4.6% gain.
Well, that’s convenient.
Posted on 3/20/24 at 8:11 am to SlowFlowPro
quote:
I believe in freedom
Posted on 3/20/24 at 8:12 am to OccamsStubble
quote:
When they ship Fentanyl into the US every day, they threaten our economy, regardless the health of theirs
As they get more desperate, they probably become more dangerous.
Posted on 3/20/24 at 8:12 am to SlowFlowPro
I welcome the info about China.
I do think this country's economic situation is not healthy and we jerk off over borderline meaningless GDP numbers. We consume a bunch of stuff. Big deal. Have you bought food lately? We are adding a trillion in debt every 100 days. Consumer credit card debt is like a trillion.
I do think this country's economic situation is not healthy and we jerk off over borderline meaningless GDP numbers. We consume a bunch of stuff. Big deal. Have you bought food lately? We are adding a trillion in debt every 100 days. Consumer credit card debt is like a trillion.
Posted on 3/20/24 at 8:12 am to sta4ever
quote:
I’d be most worried about an enemy when things aren’t going well for them.
Worried they will do what, exactly?
China doesn't have a military that can project to the US.
Any aggression counter to US interest will destroy their economy by having the US and Western nations trade less with them.
The CCP is not going to commit suicide by creating the foundation for revolution.
Posted on 3/20/24 at 8:13 am to SlowFlowPro
Is this the weekly China is failing thread?
Posted on 3/20/24 at 8:13 am to SlowFlowPro
I’m hopefully not as much of a mental midget as you are, and I would never celebrate other people failures, or shortcomings
This is a weird, sad post… Containing information that everyone here already knows
This is a weird, sad post… Containing information that everyone here already knows
Posted on 3/20/24 at 8:13 am to Y.A. Tittle
quote:
Well, that’s convenient.
We are diverging economically.
Posted on 3/20/24 at 8:14 am to Bunk Moreland
quote:
I do think this country's economic situation is not healthy and we jerk off over borderline meaningless GDP numbers.
Exactly.
Things have change quite a bit over the years, those indicators arent as telling as they once were.
China as doomed, we dont need to waste time hurrying their demise.
If you slow their exports of steel, electronics, ect, they'll ship more Fentanyl.
Thats economics.
Posted on 3/20/24 at 8:15 am to Bunk Moreland
quote:
I do think this country's economic situation is not healthy and we jerk off over borderline meaningless GDP numbers.
It's about relativity, not absolute status.
There are a lot of issues with our economy and debt situation.
However, we're still better off than everyone else. The only people who have better stats on paper are effectively a protectorate of the US.
That's why the USD has only become stronger in this post-Covid economic decline.
Posted on 3/20/24 at 8:15 am to SlowFlowPro
It’s hard to say there’s anything WE are doing right now that is anything but inflation driven. What you posted doesn’t help to dispel that notion.
Posted on 3/20/24 at 8:17 am to sta4ever
quote:
I’d be most worried about an enemy when things aren’t going well for them.
This. Back these ppl in a corner they won’t give a shite and make a move
Posted on 3/20/24 at 8:18 am to momentoftruth87
quote:
This. Back these ppl in a corner they won’t give a shite and make a move
Not militarily.
They'll up production of drugs and counterfeit products though.
Posted on 3/20/24 at 8:19 am to Y.A. Tittle
quote:
It’s hard to say there’s anything WE are doing right now that is anything but inflation driven. What you posted doesn’t help to dispel that notion.
Every developed economy is facing inflation.
China is actually facing inflation in many sectors, the problem is the emperor has no clothes otherwise and deflation is raging elsewhere.
The response to Covid, everywhere, "broke the camel's back" for inflation everywhere in the world that has a developed economy(and in may places where they don't). This includes China.
Posted on 3/20/24 at 8:20 am to momentoftruth87
quote:
r they won’t give a shite and make a move
And do what?
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