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Started By
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China's 3rd Qtr GDP "reported" at 6% lowest since first reported in 30 yrs
Posted on 10/18/19 at 5:43 am
Posted on 10/18/19 at 5:43 am
In other words they only started publicly reporting GDP 30 years ago so this is the worst recorded.
When you are a manufacturing/export economy and your exports are declining month after month, I dont see how you can grow. But they say its because the domestic consumer is picking up, which is measured by imports....which have been declining every month but one this year. Number is bullshite, I think they are in a full blown recession. Some notes....
When you are a manufacturing/export economy and your exports are declining month after month, I dont see how you can grow. But they say its because the domestic consumer is picking up, which is measured by imports....which have been declining every month but one this year. Number is bullshite, I think they are in a full blown recession. Some notes....
quote:
While analysts say China routinely inflates its own growth figures, the fact that the government is admitting to such a slowdown shows the country is under serious pressure from a number of factors including a bitter trade war with the US.
quote:
Domestic impacts have also played a role, with a slowdown in consumer spending growth due in part to a devastating outbreak of African swine fever. The year-long epidemic slashed China’s pig herd - the largest in the world - by 40 per cent, fuelling price inflation.
quote:(Remember they sell a lot more to us than we do them, the absolute dollar decline of exports is huge)
China's exports to the US, its biggest foreign market, fell a staggering 21.9 per cent in September compared to a year ago. Imports of American goods sank 15.7 per cent.
quote:
It now seems likely that the government will take policy measures to take on more debt and boost spending, something it has until now avoided doing as agencies are already cutting Beijing’s credit rating.
4
Posted on 10/18/19 at 6:08 am to trinidadtiger
I would happily sacrifice if President Trump would keep pouring the coal to those meddling motherfrickers
Posted on 10/18/19 at 6:22 am to trinidadtiger
Don’t let up President Trump! Concede nothing.
Posted on 10/18/19 at 6:26 am to trinidadtiger
Geez, its almost like you can get the desired outcome when you have a businessman taking on these corrupt mfers rather than politicians.
Posted on 10/18/19 at 6:39 am to bamarep
quote:
Geez, its almost like you can get the desired outcome when you have a businessman taking on these corrupt mfers rather than politicians.
true dat - ESPECIALLY when when your negotiating objects is what is best for the USA Economy rather than what is best for your political donors.
(- Or family creeps. )
This post was edited on 10/18/19 at 6:40 am
Posted on 10/18/19 at 6:44 am to bamarep
I often see things written about their growing domestic or consumer spending (the words are used interchangeably). This is not consumer spending, in a large part its domestic spending ie construction projects funded by local govts.
I read an article recently where one of the local ministers lamented "there is nothing, no project out there left to get a return on". And he was not talking about ROI, he was talking about a company being able to repay the loan itself. They dont need any more bridges or roads, they have 60 million empty apts, and their commercial occupancy rates are imploding in many major cities.
No one knows just how many trillions are out there in "shadow banking" even so the major houses have downgraded their credit twice and the IMF is repeatedly warning them. But watch and see, they will blow out more credit, they just cant get off that crack pipe, its why they get along with Hunter so well.
I read an article recently where one of the local ministers lamented "there is nothing, no project out there left to get a return on". And he was not talking about ROI, he was talking about a company being able to repay the loan itself. They dont need any more bridges or roads, they have 60 million empty apts, and their commercial occupancy rates are imploding in many major cities.
No one knows just how many trillions are out there in "shadow banking" even so the major houses have downgraded their credit twice and the IMF is repeatedly warning them. But watch and see, they will blow out more credit, they just cant get off that crack pipe, its why they get along with Hunter so well.
This post was edited on 10/18/19 at 7:04 am
Posted on 10/18/19 at 6:51 am to trinidadtiger
We have those rice eaters on the ropes. frick them, keep choking them out
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