Chinese Economics Thread

[interestedseal]

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1—10月份，规模以上工业企业利润同比增长1.9%，自今年8月份以来累计增速连续三个月保持增长。从三大门类看，1—10月份，采矿业下降27.8%，降幅较1—9月份收窄1.5个百分点；制造业增长7.7%；

Manufacturing firms profits up 7.7% yoy. Equipment and hi tech manufacturing profits up even higher. This does not correlate with the involution/profit-destroying narrative

 

[abenomics12345]

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Manufacturing firms profits up 7.7% yoy. Equipment and hi tech manufacturing profits up even higher. This does not correlate with the involution/profit-destroying narrative

Looking at the economic data (

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), Manufacturing Investments are only growing at 2.7% - this is the anti-involution process working as intended.

Simple math - when demand growth > supply growth, prices go up. That the anti-involution process is working is actually confirmation that there was, indeed, involution.

Recall from

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:

要强化行业自律，防止“内卷式”恶性竞争。强化市场优胜劣汰机制，畅通落后低效产能退出渠道。

And recall from 12 months ago:

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[siegecrossbow]

“What’s great for the Chinese people is to make the country less competitive.” Propagandists aren’t even trying any more. The reality is that all of these supposed solutions from Western think tanks are designed to be self serving, to transform China into a dependent colonial holding of the West and particularly its financial elites, like so many other countries.

The truth is that China would rather be more competitive than a better place for Western elites and their local collaborators to live. Of course a certain amount of rebalancing must and will happen but it will not be to benefit trade with the West.

If Europe wants China to buy their stuff, consider making something of actual value first.

They should just order participation trophies off Temu.