what's w/ everyone's headlines on this? i'm an investor in china but they just silenced/reprimanded a state economist for saying the figures were being doubled by the state
Talking about falsifying records, in 2023, real China's 🇨🇳 economy shrank -3.5% as opposed to 5.2% expansion as officially announced. - So, for 2024, they just published a 5% growth regardless of their economy.
One way for the Beijing's CG to mitigate China's current disinflationary pressure is to increase the money supply (just like what the US had been overdoing in the post-Covid years), and the newly-created money has to flow en masse to most of China's consumers, which means, the new money flowing to the consumers has to far exceed the output of the economy. But the good old Cantillon Effect (non-neutrality of money) will stand in the way of the effective enactment of this re-inflationary policy of the CG. The perennial problem of uneven distribution of income or wealth is perhaps the most difficult economic problem for us to satisfactorily resolve in most countries under the sun. (This same Cantillon Effect in QE-enacting US should also have much increased the populist sentiment in that country, which has eventually ended up re-sending Donald Trump back to the White House this year.) - Since, in the past, (a) the main source of most of the LGs' taxes came not from the consumption side but from the production side, and (b) both the consumption coupons and the subsidies given to the local consumers had mostly been financed by their LGs themselves, most LGs, intending to get their money back from the taxes they were levying, mainly used subsidies or consumption coupons rather than direct cash-giving to induce their local households to spend more than before. The LGs' doing so is equivalent to their indirect giving of subsidies to the producing enterprises in their own territories, getting their consumption-coupon money back through higher production-related value-added taxes. - The LGs, giving money to the individual consumers, are not worrying about the possible non-consumption of them, since, even if they save most of their newly-received money in their banks, their balance sheets can still be further improved or repaired. But if a household in city A, through online-shopping say, consumes a product made in far-away city B, this is tantamount to city A's inadvertently subsidizing city B. And so, especially in the post-Covid years, the issuance of consumption coupons by the LGs that could only be used in designated local places became the norm in China. Needless to say, many already highly-indebted LGs had been unable to give too-many consumption coupons to their own inhabitants. --- Even though the consumption-tax reform had first been proposed in June last year, it still hasn't been fully enacted in most places in China today. This is because, the change from the place-of-production basis to the place-of-consumption basis requires the LGs to change their good old economic behavior from giving most importance to production to giving more emphasis to consumption. - Henceforth in China, the cities or provinces will have to keep competing more and more fiercely with each other based mostly on (i) the provision of much better business environment, (ii) the ability to create more and more high-salary jobs, (iii) the enactment and enforcement of better labor contract law, (iv) the ability to retain vast groups of high-marginal-propensity-to-consume people to keep living and working in their governing territories. --- This requires most LGs in China to start shifting from their old all-encompassing, GDP-competing, and almost-always-interventionist management role to the new western-small-and-limited-government-like service-providing role, which will be a time-consuming long process, since human nature is human nature ------ sliding downward toward the least-resistance direction is usually much easier than moving upward toward the correct direction. During this coming long process, China should gradually turn from a "rich-state-poor-people" country into a "poor(er)-state-rich(er)-people" socialist country over time, approaching today's US, which is basically a "poor-state-rich-people" capitalist country. - Also, near the end of this long process, China will likely have a mostly-consumption-propelled domestic economy, and at that time her quickly aging demographics may even turn her from a trade-surplus to a trade-deficit country year-in and year-out, like today's Japan. Furthermore, by that time the importance of China's production-related value-added taxes will have much tapered, since those taxes will be occupying a smaller and smaller proportion of the total collected tax revenues of most of China's LGs in those future fiscal years, and hence China's persistent economic problem of excess productive capacities (or lack of aggregate domestic demand) will eventually disappear, like snow in spring. Also resembling today's Japan, at that time many of China's middle-aged people will start consuming much more than before, after having had inherited the vast accumulating wealth (houses, cash, other financial assets, and businesses) of their passed-away parents, and the CSI 300 will no longer always stay near today's near-4,000 level. ---
Chinese property sector, which accounts for 30% of GDP, is crashing. - Exports and imports, accounting for 37% GDP, are down. - Foreign investment is falling over 90% compared to 2018. - Foreign visitors are down 96% compared to 2019. - Consumer prices are experiencing deflation. - Youth unemployment hits over 21%, a record. - Its fast-shrinking workforce is 10 years older than neighboring countries. *Still, China keeps reporting outrageous GDP numbers.* Lol Where does the growth come from?
@@chrissong6549man u gotta remember all these buzzer id that always present : arabicreja, lastchang, ahmetekin 😂😂😂 they are all part of US 1.6 billion us anti china act
what's w/ everyone's headlines on this? i'm an investor in china but they just silenced/reprimanded a state economist for saying the figures were being doubled by the state
They never failed ....
- to lie
More lies from "AhmetTekin".
Like Americans do
fake it till you make it
Nice to see Rebecca stepping up to co-anchor
Talking about falsifying records, in 2023, real China's 🇨🇳 economy shrank -3.5% as opposed to 5.2% expansion as officially announced.
- So, for 2024, they just published a 5% growth regardless of their economy.
“Lastetc"/"lastetc"/"verylastetc"/"nextlastetc"/”bestlastetc”, “Ahmetetc” and “Arabicetc are one and the same.
And who gave you the real data😂
One way for the Beijing's CG to mitigate China's current disinflationary pressure is to increase the money supply (just like what the US had been overdoing in the post-Covid years), and the newly-created money has to flow en masse to most of China's consumers, which means, the new money flowing to the consumers has to far exceed the output of the economy.
But the good old Cantillon Effect (non-neutrality of money) will stand in the way of the effective enactment of this re-inflationary policy of the CG.
The perennial problem of uneven distribution of income or wealth is perhaps the most difficult economic problem for us to satisfactorily resolve in most countries under the sun.
(This same Cantillon Effect in QE-enacting US should also have much increased the populist sentiment in that country, which has eventually ended up re-sending Donald Trump back to the White House this year.)
-
Since, in the past,
(a) the main source of most of the LGs' taxes came not from the consumption side but from the production side, and
(b) both the consumption coupons and the subsidies given to the local consumers had mostly been financed by their LGs themselves,
most LGs, intending to get their money back from the taxes they were levying, mainly used subsidies or consumption coupons rather than direct cash-giving to induce their local households to spend more than before.
The LGs' doing so is equivalent to their indirect giving of subsidies to the producing enterprises in their own territories, getting their consumption-coupon money back through higher production-related value-added taxes.
-
The LGs, giving money to the individual consumers, are not worrying about the possible non-consumption of them, since, even if they save most of their newly-received money in their banks, their balance sheets can still be further improved or repaired.
But if a household in city A, through online-shopping say, consumes a product made in far-away city B, this is tantamount to city A's inadvertently subsidizing city B.
And so, especially in the post-Covid years, the issuance of consumption coupons by the LGs that could only be used in designated local places became the norm in China.
Needless to say, many already highly-indebted LGs had been unable to give too-many consumption coupons to their own inhabitants.
---
Even though the consumption-tax reform had first been proposed in June last year, it still hasn't been fully enacted in most places in China today.
This is because, the change from the place-of-production basis to the place-of-consumption basis requires the LGs to change their good old economic behavior from giving most importance to production to giving more emphasis to consumption.
-
Henceforth in China, the cities or provinces will have to keep competing more and more fiercely with each other based mostly on
(i) the provision of much better business environment,
(ii) the ability to create more and more high-salary jobs,
(iii) the enactment and enforcement of better labor contract law,
(iv) the ability to retain vast groups of high-marginal-propensity-to-consume people to keep living and working in their governing territories.
---
This requires most LGs in China to start shifting from their old all-encompassing, GDP-competing, and almost-always-interventionist management role to the new western-small-and-limited-government-like service-providing role, which will be a time-consuming long process, since human nature is human nature ------ sliding downward toward the least-resistance direction is usually much easier than moving upward toward the correct direction.
During this coming long process, China should gradually turn from a "rich-state-poor-people" country into a "poor(er)-state-rich(er)-people" socialist country over time, approaching today's US, which is basically a "poor-state-rich-people" capitalist country.
-
Also, near the end of this long process, China will likely have a mostly-consumption-propelled domestic economy, and at that time her quickly aging demographics may even turn her from a trade-surplus to a trade-deficit country year-in and year-out, like today's Japan.
Furthermore, by that time the importance of China's production-related value-added taxes will have much tapered, since those taxes will be occupying a smaller and smaller proportion of the total collected tax revenues of most of China's LGs in those future fiscal years, and hence China's persistent economic problem of excess productive capacities (or lack of aggregate domestic demand) will eventually disappear, like snow in spring.
Also resembling today's Japan, at that time many of China's middle-aged people will start consuming much more than before, after having had inherited the vast accumulating wealth (houses, cash, other financial assets, and businesses) of their passed-away parents, and the CSI 300 will no longer always stay near today's near-4,000 level.
---
Chinese property sector, which accounts for 30% of GDP, is crashing.
- Exports and imports, accounting for 37% GDP, are down.
- Foreign investment is falling over 90% compared to 2018.
- Foreign visitors are down 96% compared to 2019.
- Consumer prices are experiencing deflation.
- Youth unemployment hits over 21%, a record.
- Its fast-shrinking workforce is 10 years older than neighboring countries.
*Still, China keeps reporting outrageous GDP numbers.* Lol
Where does the growth come from?
after 2020 china trade surplus to world are increasing year by year, are all false? where is your information from?
@@chrissong6549man u gotta remember all these buzzer id that always present : arabicreja, lastchang, ahmetekin 😂😂😂 they are all part of US 1.6 billion us anti china act
🤡🤡🤡
More mendacious spam from "ArabicReja"