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Started By
Message
China's health check for October punctures optimism
Posted on 11/14/19 at 4:10 am
Posted on 11/14/19 at 4:10 am
quote:
LONDON, Nov 13 (Reuters) - China’s alarming economic data for October are sobering for world markets, which had become grown comfortable in recent weeks about avoiding a global downturn next year. With no signs that phase one of a trade agreement between Washington and Beijing has been struck, a slowdown in Chinese factory output growth last month – alongside poor retail and investment readings – shows the damage already inflicted by the year-long tariff war. A 4.7% year-on-year increase in industrial output was 0.7 percentage points below forecast. A similar miss by retail sales growth saw it match April’s 16-year low of 7.2%. Fixed-asset investment growth was the weakest on record for the month.
And these are their numbers, wonder what the actual ones are? If they are posting these dismal numbers, the real data must be truly dismal.
Keep the tariffs in place Mr. President, keep the tariffs in place.
3
Posted on 11/14/19 at 5:41 am to trinidadtiger
Good post thanks for the info
Posted on 11/14/19 at 6:24 am to trinidadtiger
IB Chinaman is not going to like this.
Posted on 11/14/19 at 6:38 am to trinidadtiger
China is fricked.
Before the Trump trade push, Xi would have crushed Hong Kong by now. But China is too weak, from the sanctions, to risk world condemnation.
Before the Trump trade push, Xi would have crushed Hong Kong by now. But China is too weak, from the sanctions, to risk world condemnation.
Posted on 11/14/19 at 6:56 am to Gaspergou202
Lowest capital investment since they started recording is a key figure.
The ponzi scheme only works when more money flows in. Their stated debt to GDP is over 300%, knowing their GDP number is smaller....their debt is a huge problem.
The IMF has warned them repeatedly, they have been downgraded twice, they simply cant dump anymore money and fix it without more defaults and inflation soaring above where it is now.
How you can manage to have factory deflation and consumer inflation is quite a feat, but they seem to have mastered it....good luck with that.
Keep the tariffs Mr. President.
The ponzi scheme only works when more money flows in. Their stated debt to GDP is over 300%, knowing their GDP number is smaller....their debt is a huge problem.
The IMF has warned them repeatedly, they have been downgraded twice, they simply cant dump anymore money and fix it without more defaults and inflation soaring above where it is now.
How you can manage to have factory deflation and consumer inflation is quite a feat, but they seem to have mastered it....good luck with that.
Keep the tariffs Mr. President.
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