China has been dumping US treasuries, unlike what Japan is doing.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
China has been dumping US treasuries, unlike what Japan is doing.
Japan is completely enslaved. They're going down with the Titanic.
I don't remember this chapter in my Econ textbooks.
Economist Alfred Marshall: "Economies of Scale, but at WHAT COST?"
It's gonna be funny in like ~15 years years or so when China's RMB appreciates vs foreign currencies, at which point China will have both cheap domestic goods and cheap foreign goods. What will the cope be then?
The article version:
Zero mention of all the trade barriers put up by the West, no mention of property market collapse. A pure propaganda piece.
Just print the money and give as social benefit for couples with children.
supercat
Colonel
Western MSM underestimate China's consumption by reporting retail sales of consumer goods only and ignoring retail sales of service. In the first 10 months, the growth of China's retail sales of consumer goods is 4.3% year-over-year, while retail sales of service rose 5.3% yoy.
Glenn's tweets about retail sales in the service sector:
Chinese statisticians also trolled because they still don't provide yoy statistics for service retail sales alongside goods retail sales for particular month. Only ytd. If even Chinese statistics don't provide full picture why would shameless western media even try?
As you said ytd we have 4.3% growth for consumption, but the problem is that in recent months yoy growth deteriorated and disposable income is also not growing very fast, similar to consumption growth at 5.1%.
There is ample room for printing money for giving it for couples with children when we are at deflation territory. We are 2 years in these lackluster performance already with miniscule fiscal boosts like vouchers. Every month of inaction is wasted potential for higher growth. Big fiscal boost for couples with children should have been done in 2024 we are coming to 2026 and still no sight for big bomba of cash for parents only small provincial programs.
As you said ytd we have 4.3% growth for consumption, but the problem is that in recent months yoy growth deteriorated and disposable income is also not growing very fast, similar to consumption growth at 5.1%.
There is ample room for printing money for giving it for couples with children when we are at deflation territory. We are 2 years in these lackluster performance already with miniscule fiscal boosts like vouchers. Every month of inaction is wasted potential for higher growth. Big fiscal boost for couples with children should have been done in 2024 we are coming to 2026 and still no sight for big bomba of cash for parents only small provincial programs.