The economy in China is absolutely falling down. They have an estimated GDP growth of only 4.6% for 2024. Comparing with the growth few years ago, China is now struggling on their development of 6G internet network and high-end chip industry. It could be hard for Chinese to make a breakthrough in next 6 months.
The cost of living in China is low. China is self-sufficient. The unparalleled demand for luxury goods, extra-regional travel, and IPhones is on the wane replaced by locally manufactured goods. But foreign demand for its manufactured goods and necessities are on the increase. There are still profits to be made. Full economic recovery will soon return.
Manufacturing does well and thats why consumption is doing poorly. Wealth is simply being diverted from infrastructure investment into manufacturing... all at the cost of household income and thus consumption. Mark my words - as manufacturing goes up, consumption goes down. Household savings is what fuels the ability to lend to the manufacturing sector... and high savings means low consumption. They are inversely related
The economy in China is absolutely falling down. They have an estimated GDP growth of only 4.6% for 2024. Comparing with the growth few years ago, China is now struggling on their development of 6G internet network and high-end chip industry. It could be hard for Chinese to make a breakthrough in next 6 months.
$1.5 billion was approved for propaganda against china, just FYI
Well, if they don't fix the issue, i'm sure it will resolve itself over time. But if the Great Depression is an example, it might take 15 or 20 years.
i dont get, last week they say china was going to collapse from massive inflation, now this?
since when deflation become a worry for end user?
When that cheaper industrial output is outstripping domestic consumption. They're either on severe declining population or else worsening
since forever. Historically deflation only comes with massive wave of unemployment and wage decrease.
China china china China
The cost of living in China is low. China is self-sufficient. The unparalleled demand for luxury goods, extra-regional travel, and IPhones is on the wane replaced by locally manufactured goods. But foreign demand for its manufactured goods and necessities are on the increase. There are still profits to be made. Full economic recovery will soon return.
Self sufficient? Are you joking? I hope you are, but at least I admire your optimism. Unfortunately there are no data to support your statement
China is a net importer of energy, struggles with food security and access to water. Absolutely not self sufficient.
Manufacturing does well and thats why consumption is doing poorly. Wealth is simply being diverted from infrastructure investment into manufacturing... all at the cost of household income and thus consumption. Mark my words - as manufacturing goes up, consumption goes down. Household savings is what fuels the ability to lend to the manufacturing sector... and high savings means low consumption. They are inversely related