Chinese Economics Thread
- Thread starter Norfolk
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He prob complains about people in foreign countries for not being able to speak english 
I don't trust the American GDP statistics.
Based on estimates from the official government statistics, American GDP will decline by 4.3%. Meanwhile, German GDP will decline by 6.0%, and Canadian GDP will decline by 7.1%.
Does anybody believe that the American economy is doing better than the German or Canadian economies?
(By the way, the official American inflation numbers say inflation is low and falling. Any American who's been to a supermarket can tell you otherwise.)
Based on estimates from the official government statistics, American GDP will decline by 4.3%. Meanwhile, German GDP will decline by 6.0%, and Canadian GDP will decline by 7.1%.
Does anybody believe that the American economy is doing better than the German or Canadian economies?
(By the way, the official American inflation numbers say inflation is low and falling. Any American who's been to a supermarket can tell you otherwise.)
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Well their GDP numbers have always been super cooked, and don't forget they gave completely on trying to deal with the pandemic whereas Europe/Germany is still enacting local lockdowns in hotspots.
Yes I think it is the lack of lockdown and enforcement in the US. Where people still goes about their business as normal. Whereas in Europe most people stay in doors. The pandemic is hitting the economy hard, particularly the entertainment industry.
This is why Trump is desperately calling for people to go and sacrifice their grandpas, and grandma's for the sake of the economy.
Hi Tam,
FAKE NEWSSS!!!!!! Australia is confident that China value their iron ore more.... LOL
China likes Brazil ore and they do have a currency swap agreement, allowing China to buy the ore with Yuan.
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The larger ships used with the Brazil route --- many of them are made by Chinese shipyards, sold to Brazil --- allow Vale to be competitive with Australian suppliers, which uses smaller, less efficient ships. See my post Chinese Shipbuilding thread.
As for Australia, I am not sure if China enacted a ban and that needs to be confirmed. But I won't be surprised if they did. However, China also has a currency swap deal and a free trade deal with Australia.