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China Growth Slows as Weak Retail Sales Drag Economy
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- Опубликовано: 13 июл 2024
- China’s economic growth fell to the worst pace in five quarters as retail sales slowed. The latest data piles pressure on Beijing officials to boost investor and business confidence at the Third Plenum, the twice-a-decade policy meeting which is happening this week.
Hang Seng Bank, China Chief Economist Dan Wang and Li Cheng of the University of Hong Kong's Centre on Contemporary China and the World break down the numbers on "Bloomberg: The China Show."
Sign up for the Next China newsletter to get our weekly dispatches from Beijing: bloom.bg/4aFKkcv
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"Basically globalization fed & pulled 1.4 Chinese people from poverty & now somebody emerged from a cave & tell globalization how to behave..."
China's economic miracle.
Lol, poor China has 600 million people living on $5 or less per day. Do they all have $6 now?
Chinese are better at capitalism. That is why China is rich, and why China saved the world. it is two way street.
@@SSYlist well they learnt it from USB... I mean it was USA when its still famous
@@SSYlist China was smart to have business agreements with these globalization greedy people. They made tons of money with Chinese cheap labour. You're jealous because Chinese are having good brains for 5000+ years.
@@SSYlist no China had smart agreements with those companies because they wanted to build their country from ground up.
Slow growth performane is still much better than other countries
Doesn't help when most of your population is below poverty level. Of course, China just changes the threshold for poverty to include less people.
@@phil20_20of course you are always right 😂
As China PRC 1Q GDP is 5.3% compare to USA's 1.6%. I think, Africa would love those China numbers.....
The GDP growth in absolute value in China is 2x of USA. I just did a simple math it's US$900bn in China vs US$400bn in USA for Q1 2024.
It means China is broke and unsold products are piling up.
China's GDP growth is a target. It does not matter if they have customers or not, the producers have to meet their target.
this Li Cheng is a good representation of Chinese self brain washing
Finally, America is great again😂😂😂
Not really they have high inflation and will cause consumers to spend less and less, I don’t trust anything News media putting out their.
hahah China economy wont fall. They do this every 4-5 month
Yes ❤❤
Cant be audited properly without party members present, what a joke "2nd largest economy" lol
Li Cheng seems to be the speaker of China central government
Freedom of speech friend. People can say things from their point of view. Or this is not practiced anymore?
@@amunra5330 yes, of course. My comment is also part of freedom of speech
@@amunra5330Le Keqiang shared his opinion about poverty still not being fixed, and look what happened to him 🙃
Even China’s manipulated official numbers are disappointing!!
Secret of China PRC, leaving it to others not seeing the truth. Overall China PRC don't care as they move forward.
Noted China PRC 1Q GDP number are from IMF aka USA reporting it.... base on import/export record.
I agree.
The real number is much higher.. they just don't want hype yet
@@kokica007 you are right 👍
@@kokica007 you mean the price dumping is about to kick off. Good point
@@kokica007 ha ha ha ha!! Thanks for the funny joke!!
Why spent time and money to have Li Cheng to talk about history and never tell the truth! Quite waste of our time
Agree. This man is talk like Bsht
@@soyoungchang461 although he basically did that. But it's important to hear from both sides then you know which is a goner lol
Last minute was crucial… Tawain is what she was alluding to.
You know, after reading your comment here and watching those last words from Dan Wang, I have to say I agree with your assessment that a "major project to stimulate China's economy" could be a war with Taiwan. She did mention earlier that the US's 1930's depression was solved more or less by the necessities of war spending on WWI.
@@dustup2249 China's broke and was is expensive ✌️
Does anyone even believe these people's BS?
No hate, but it raised my eyebrows a little when Li pointed out the research with "Chinese names" instead of just saying it's coming out of China
The GDP growth in absolute value in China is still 2x of USA. I just did a simple math it's US$900bn in China vs US$400bn in USA for Q1 2024.
How about dollar power? The yuan is dying
That’s value of the growth if I am not wrong. US grew around 2.75% (effects of AI large cap tech did play an effect) total Q1 US GDP was much greater, not sure about value of growth
Heading towards 17 million EV sales globally in 2024. Lillium Evtol Jets up 20 % month..Blade Evtol Jets up 17 % month.. ChargePoint up 30 % month... Polestar up 48 % month.. FSRNQ.. Fisker up 5 % Friday.
Why our hk tax payers sponsor HKU to pay for someone like Li Cheng! Quite doubtful about the quality of education level and integrity of HKU!
You don’t have another choice.
Didn't know that China owns the achievements of everyone who has a "Chinese" name.
Does show that Chinese have a high G.
Here, in schools, the CCP does in fact teach that all Chinese diasporas-worldwide!-are under their dominion.
@@NeidlichesSchwert
Funny, because I think the west wanna use chinese and asian to oppress Asia, and Asians.
Think of what happen to Japan. U.S. wanna use Asian brains to enrich the west to dominate Asia.
@@NeidlichesSchwert what the f you talking about
@@phillip762nd largest economy 😂🤣😂🤣 white wings can't out run destiny
Tiktok has millions of people showing the opposite, even just walking the shopping centers
Are you saying g that the retail situation is very bad in China?
Have been seeing videos showing many empty malls.
Solid evidence, my guy! 😂
Slow down but it still growing 5%😅 we all know America government paying their wages
China just posted huge surplus in trade with the rest of the world. Also 4.7% is still huge growth.
A lot of it is exported but unsold goods piling up in overseas ports.
@@blaxter101 negative
Can their numbers be believed😂😂
Remember the 4,000 Covid deaths
These people have blinders on
@@FloatingCastle which people?
@@jameswamba4338
News media I’m sure
Financial consumption
Most countries would be thrilled to have China's growth numbers not to mention close to zero inflation.
Most countries wouldn't be thrilled that more than 40% of its population earn less than $5 a day and debt ratio of 286% of GDP!!!
WTF planet are you from
As China PRC 1Q GDP is 5.3% compare to USA's 1.6%. You do understand China GDP is of 1.4 Billions population, right.
GDP is a mirage. Most Chinese are poor.
@@bullpup1337 You traveled throughout China?👀🧐🤔
@@Freedmen-American-Reparations what made you think that… I have seen enough about China to know I would NOT enjoy that.
The GDP growth in absolute value in China is 2x of USA. I just did a simple math it's US$900bn in China vs US$400bn in USA for Q1 2024.
@bullpup1337 so you haven't visited for yourself but seen enough of China to draw preconceptions. Typical sub-arctic euro behavior. No matter how much sub-arctic euro hates, it will not slow down China's progress.
4.6%
Yeah slowdown yet much higher than any states in the west
That's according to CCP.
@@TeeHee-vo1bn then it should have been around 6%
@@munnakhan8961 Whatever CCP wants to report.
4.7 is not bad, given how strong us dollars is. If dollars are not strong, China number is super great. Because japan, india and vietnam dropped so much, that is why china has to follow suit a little bit.
This Li Cheng guy totally nonsense, he is just chinese government spoker
A research team from the University of Science and Technology of China has reported observing antiferromagnetic phase transition in a large and uniform quantum simulator, according to a study published in the journal Nature.
The quantum simulator is the first to achieve the simulation of the fermionic Hubbard model beyond classical computers using ultracold atomic quantum simulators.
Talking about falsifying records, in 2023, real China's 🇨🇳 economy shrank -3.5% as opposed to 5.2% expansion as officially announced.
- So this year, they will just publish a 5% growth regardless of their economy.
You are so into China, every China related news you are commenting some bs, good for you if it makes you happy.
lastDumb the unemployed, frustrated, moron bot commenting every video about China on RUclips came out.
@@xuli3961 it's still correct though 😂 China have been faking GDP numbers for years to attract FDI yet they still have low domestic consumption 😂
@@xuli3961 CIA bot probably
The IMF and World Bank confirm growht of 5.2%, with 4.5% growth predicted this year. What is your source that IMF and WB are wrong?
The IMF just raised Chinas expected growth for 2024 to 5%
Tightening fiscal policy to spur growth
Lol. The US's Federal Reserve tightens money supply to slow growth. That's hilarious to think that economic principles magically work opposite in a economy on the opposite side of the planet.
Is that how it works? 🤔
@@jameswamba4338
U talking about Taiwan?
Li Cheng taichi king...
licheng talking shit
if Dan Wang observes China only through an 'economist lens', she can only get a partial understanding. Look at the bigger picture, from a stragtegic standpoint.
Can China's speed not be linked to China's ability to copy?
copy of what?
@@adamsaciid4919 Everything already existing that could have an interest, except freedom.
@@glennnielsen8054 hhhh lol what nonsense, my poor boy educate your self
@@glennnielsen8054 also there is no what is called freedom in this world even us
@@adamsaciid4919 What is the youth unemployment in China?
Speaking of possible contractionary policies, why not a property tax? haha
Clothes everyone has to many clothes crazy
America is great again😂😂😂😂
EU 1st half 2024 projected 1.0% growth. Comment given was gradual expansion amid geopolitical risks.
China 1st half 2024 5.0% growth. Comment economic slowdown with possible low local consumption and problematic construction sector. Negative outlook for 2024 whole year and 2025.
What a different!
Still china lower than eu in per capita income. By that logic india grew by 8% too so is it bigger than china!
good point
@@okman9684 still Europe losing to China
"Niger, Senegal, Libya and Rwanda are expected to grow at the fastest rate of over 7% per year."
US GDP 1% VS CN GDP 6%
Senegal has a growth rate at 8.3% though. Mightier than China then? Libya: 17.5% 😂
Basic Knowledge : Speed is measure by relative .
😅Yes, China is slowing down, but Growth rate still in front of U$ UK EU .
Relatively still Growing faster than U$ UK EU .
🤣😂🤣😂 growing just like it's stock markets
You know uk has a per cap gdp of 51000 usd while china has 13000 usd. Even if china grows at the rate of 5% it still take decades even reach uk's per capita gdp
@@okman9684 ...GDP is a fake number that is heavily biased towards "western" style of capitalism. PPP is the TRUE economic number based on REAL things, and Chy!!na has been #1 since 2014 in PPP.
Depuis des années, vous les journalistes de chez oncle Sam, vous avez toujours publié des fakes news sur la Chine.
Talkers
Of course they do😂
You Can Lead a Horse To Water, But You Can’t Make It Drink...
Was said the same of China Space program until now US NASA begging for China sample of the moon.
Greatttt
Chinese news from China but in English?
It's a time honored method of major economies of the world comparing penis sizes by using propaganda in the opposition's language.
Dan Wang talks really dirty in that respect! ❤
Check facts before you spout nonsense from nonsense ‘experts’
And what do the facts indicate?
Wasting everyone’s time listening to Li’s speech😂
The US has 0% growth but 5-6% inflation per year.
China has 5% growth per year but deflation (price goes down).
I know which economy I prefer.
"Niger, Senegal, Libya and Rwanda are expected to grow at the fastest rate of over 7% per year." I know what economy I prefer 😂😂😂 Ever heard of the saying "from a low base"?
@@matsmcmats China’s 5% growth per year is equivalent of creating an economy of the Netherlands or Turkey.
That’s yearly and year after year. At 5% growth China’s income doubled in 14 years, that’s a $38 trillions economy.
So why so many Chinese youth struggling?
Covid 😂
COVID what
COVID no 1 in USA
@@JonySmith-bb4gx YOU ARE COVID PEOPLE
“You can fool all the people some of the time and some of the people all the time, but you cannot fool all the people all the time.” - Abraham Lincoln.
Deng Xiaoping said "To Get Rich is Glorious"
Henry Kissinger Quote: “To be an enemy of America can be dangerous, but to be a friend is fatal.”
Taking Kissinger quote out of context. You don’t even understand how that quote came to light and in what capacity. Go back to school
@@dustup2249 wrong, go back and read it up again. As a southern Vietnamese, this quote is well taught among Vietnamese.
@@dustup2249 wrong. Who was Kissinger speaking to? And what was he alluding to ?
@@LanNguyen-vd4zt No, I think it applies as Kissinger meant it at the time.
The China chief economist Dan Wang implied in this show that China needs a "major project" like a war to stimulate it's flagging local economy. Taiwan and the Philippines are America's "friends" just as South Vietnam once was and Ukraine currently is.
Dan Wang earlier in the broadcast casually mentioned that the US stimulated it's 1930's depressed economy by using WWI spending.
I think she was hinting of a near term bruhaha with Taiwan or possibly the Philippines because of the current hegemony maritime tit for tat of the South China Sea.
Henry was lamenting America's reason for being South Vietnam's friend was not what South Vietnamese leaders Diem and Thieu understood as existential. We were their "friend" for the economic stimulus of war spending. America did not give a damn if they won or lost in Vietnam, just like Ukraine is America's "friend" currently.
Taiwan is in for a rude awakening once Nancy Pelosi is driven from government and she will be if Trump wins. Trump will be advised that a war with China in it's front yard is an absolutely unwinnable war and Trump will abandon Taiwan--- which will be fatal in Kissinger's context
@@dustup2249 wrong
American propaganda machine never tires of creating cheap clickbait 👌🏼
You means comparing to american 2%?😂😂😂😂
Homeless everywhere 😂😂😂😂
Chyna?
@@djibicisse garbage like you and your mom lmao
@@djibicisse little 🦜 lol
@@djibicisse time for stupid Americans to suck our Ds
Poor Americans😂😂😂
American is great again😂😂😂
America is great again😂😂😂
Poor Americans😂😂😂😂
Some one is upset 😢