More and more every year, much better than US who produces nothing just keep their economy by printing money and borrowing debt.did they consume enough to keep the economy running ??
Global Research
Stay informed and equipped with up-to-date, high-quality knowledge and insights on the fastest growing markets in the world.www.gbm.hsbc.com
China worries about lagging consumption as broader economy shakes off COVID
China will be looking to tweak its economic policies to get consumers to spend more, policy advisers in Beijing said after retail sales emerged as a weak spot in better-than-expected GDP data, underlining the need for reform.www.reuters.com
China’s Spenders Are Saving. That’s a Problem for Everyone. (Published 2019)
Chinese consumers, a $4.9 trillion force, transformed the global economy. With their own economy slowing, they are pulling back.www.nytimes.com
I can find way more eassys saying China will overtake US in economy by 2028, some from the world bank and IMF, one report is just one perspective, let's wait and see what 'll really happen in reality.To make matters worse, China is turning away from the package of policies that promoted rapid growth. Under Xi, Beijing has slid back toward totalitarianism. Xi has appointed himself “chairman of everything,” destroyed any semblance of collective rule, and made adherence to “Xi Jinping thought” the ideological core of an increasingly rigid regime. And he has relentlessly pursued the centralization of power at the expense of economic prosperity.
State zombie firms are being propped up while private firms are starved of capital. Objective economic analysis is being replaced by government propaganda. Innovation is becoming more difficult in a climate of stultifying ideological conformity. Meanwhile, Xi’s brutal anti-corruption campaign has deterred entrepreneurship, and a wave of politically driven regulations has erased more than $1 trillion from the market capitalization of China’s leading tech firms. Xi hasn’t simply stopped the process of economic liberalization that powered China’s development: He has thrown it hard into reverse.
The economic damage these trends are causing is starting to accumulate—and it is compounding the slowdown that would have occurred anyway as a fast-growing economy matures. The Chinese economy has been losing steam for more than a decade: The country’s official growth rate declined from 14 percent in 2007 to 6 percent in 2019, and rigorous studies suggest the true growth rate is now closer to 2 percent. Worse, most of that growth stems from government stimulus spending. According to data from the Conference Board, total factor productivity declined 1.3 percent every year on average between 2008 and 2019, meaning China is spending more to produce less each year. This has led, in turn, to massive debt: China’s total debt surged eight-fold between 2008 and 2019 and exceeded 300 percent of GDP prior to COVID-19. Any country that has accumulated debt or lost productivity at anything close to China’s current pace has subsequently suffered at least one “lost decade” of near-zero economic growth.
Is the US or China the world’s economic superpower?
If you mean if I have read papers driven by American, Indian or their proxies telling us USA will remain at the top oh come on, you're going to singlehandedly blacklists all those research papers ?? fine then. ignorance is a bliss. . And have you done any research that tells us USA will...defencehub.live
this has nothing to do with overtaking anything that's just raw data contradictory on your claims that China's economy have been great all along.
Much smaller than US , Japan and most developed countries, besides, China debts are mostly internal owed and owned by state companies, debtors are also creditors, lt's like your left pocket owes your right pocket money, this is very different from western debts.
untill last month, Chinese economy was faring very well , the envy of the world, it guess that's pretty recent.
This guy has CCP obssession. lol..
CN is a export oriented nation. CCP keeps buying US debt bcs if the value of USD is low, then CNY will become expensive and CN will not able to export their products to EU-US due to high price.
List of countries by external debt
List of countries by external debt - Wikipedia
en.wikipedia.org
List of countries by foreign-exchange reserves
List of countries by foreign-exchange reserves - Wikipedia
42% of the world's thermal power plants are at a loss
vtv.vn
When the first summary sentence is just BS, you don't have to read onCN is a export oriented nation.
Chinese companies moving to Vietnam keep quiet on trade war to avoid wrath of authorities and staff
Chinese state media may have launched a fierce propaganda campaign, placing the blame for the trade war squarely at the feet of the US government. Interviews reveal that many factory owners and operators feel that they are caught in the middle of forceful rhetoric from both sides in the trade...sg.news.yahoo.com
In 2020, Evergrande recorded revenue of about USD 106 billion, ranking 2nd in China, but in 2021 its suddenly collapsing now. So, CN's economic data is just a hoax
Lol, it's just one private company, China's economy is a joke, Vietnam's a miracle.In 2020, Evergrande recorded revenue of about USD 106 billion, ranking 2nd in China, but in 2021 its suddenly collapsing now. So, CN's economic data is just a hoax
just one private company ?? about 40% of CN's thermal power plants are at a loss now, thats why CN is facing with power crisis (if u forgot)
vtv.vn
Lol, we'll see , you have made claims that China's economy will collapse for many years so far, how many more years are you going to do it, it's getting boring, why not make some new wild claims and make them sound more interesting.just one private company ?? about 40% of CN's thermal power plants are at a loss now, thats why CN is facing with power crisis (if u forgot)
Not mentioning there are too many big but toxic companies in CN like Tencent (electronic drug), Alibaba-Ant group (loan shark), Meituan (boss want CN collapse like Qin's dynatsy)
------------
42% of the world's thermal power plants are at a loss
According to reports, China - the world's largest thermal power producer today, can save nearly 400 billion USD if it closes losing factories. If the US does not withdraw from COP21 and still fulfills its commitments to close thermal power plants under the Paris climate agreement, it will save $78 billion.
42% các nhà máy nhiệt điện thế giới đang thua lỗ
VTV.vn - Công bố mới đây của Carbon Tracker, có đến gần một nửa số các nhà máy nhiệt điện trên khắp thế giới đang hoạt động thua lỗ.
I told u guys already, if CN's economy will not fall into chaos in the end of 2023, then I will stop tallking abt it. But after the collapse of Evergrande and the Power crisis due to abt 40% of CN's thermal power plants are at a loss , u guys should learn a lesson and stop bragging as if CN is a real super power already.
Lol, it's just one more year away, let's bookmark this post and see you in a year.
In 2020, Evergrande recorded revenue of about USD 106 billion, ranking 2nd in China, but in 2021 its suddenly collapsing now. So, CN's economic data is just a hoax
www.reuters.com
