The government set a relatively conservative growth target of around 5% for the year, which most economists expect will be achieved even with the recent slump in activity.
even with a conservation growth of 5 %, the gap with US will close further.
Just have a good guest which debt defaults first ?
Due to central banks rate hike recession is very normal until inflation acceptable flat especially with good job data.
There is only one country the central bank rate keep on dropping due to property bubble burst and high jobless but claimed that the economy super good will drive the world economy. Their currency will replace US dollar. Most funny is many jokers believe.
China bashing.........leave it to americans la..............or leave it to mainstream media...but what is a Malaysian bashing China for. eat sleep drink also want to bash China and for what?
China at the moment in difficult domestic economy situation! Many manufacturing districts have gone tot he dump! Millons are jobless! Fresh graduates have zero prospect! Many end up working in low paying jobs with no prospect of getting cosy job like before!
and the first and largest cruise ship is just delivered this month from China ship yard.
China has moved aways from toys to cars, ships, planes, trains , drones and all kinds of big ticket items. ..................not forgetting its BRI and infrastructure exports.
China has a straggle hold on EV, batteries, rare earths, magnets, drones, and China moving into make in China 2025.....with complete self reliance in chips, and other high tech stuffs crucial for 21 century.......no wonder America panics so much.
what I think is.............the rise of China.........................then USA, Japan, Germany eat what? that is the scary stuffs and keeps policy makers in America, Germany Japan stay awake.
Posted by FortuneBull777 > 8 hours ago | Report Abuse
China at the moment in difficult domestic economy situation! Many manufacturing districts have gone tot he dump! Millons are jobless! Fresh graduates have zero prospect! Many end up working in low paying jobs with no prospect of getting cosy job like before!
Cheap products Global supply chain restructuring to ASEAN, India and Mexico, factories have no order caused very bad jobless. Foreign fund investment move to ASEAN, India and Mexico as well. Xi brought the country wrong direction only normal citizens suffered.
there is you tubers China bashers...........................and there is reality. Foreign direct investment into China increased 2.2% from a year earlier to CNY 499.46 billion or $72.26 billion in the first four months of 2023. source: Ministry of Commerce of the People's Republic of China
Cheap products Global supply chain restructuring to ASEAN, India and Mexico, factories have no order caused very bad jobless. Foreign fund investment move to ASEAN, India and Mexico as well. Xi brought the country wrong direction only normal citizens suffered.
It is a bad cycle that factories no oder caused pay cut and jobless. It makes home buyers no money to pay high housing loan. Bank short of funds to finance developers and developers no fund to complete unfinished projects. Local governments cant sell expensive lands to developers to support the expenses. Xi has to bear the responsibility a very silly leader.
EU to adopt economic security doctrine to reduce dependence on China, US - Reports
MOSCOW, Russia - The European Union will adopt its first economic security doctrine to reduce its dependence on decisions made in Washington and Beijing, reported Sputnik quoting a Politico report on Wednesday.European Commission (EC) President Ursula von der Leyen will present the doctrine on June 20, the report said. In addition to reviewing foreign takeovers of European companies and imposing fines on subsidised competitors, the EU will resort to an unconventional method to protect its econom...
*Professor Dennis Etler* *American political analyst who holds a doctorate in anthropology from the University of California, Berkeley*
*As I See It:*
*Why is it that the West is so preoccupied with China? The usual answer is that China's economic growth is challenging Western global hegemony which has held sway for at least 250 years. The Chinese military has also reached parity with that of the West, so it is no longer subject to Western intimidation and bullying. All that is true and reason for the West to want to savage China and portray it as the root of all evil.*
*But there is one other consideration that must be taken into account. It's not only China's economic prowess and military might that frightens the West, it is also China's success as a nation versus the West's failure.*
*Moreover, China has forged a society in which there is harmony between its different ethnicities in contrast to the systemic racism that characterizes Western society.*
*Western ruling elites and their media mouthpieces do not want to acknowledge the fact that China has eliminated extreme poverty while more and more of their own people descend into poverty. They do not want to admit that China has constructed a 21st century infrastructure while they lag far behind. They do not want to confront the fact that the Chinese people ⁹overwhelmingly support their government while people in the West have lost confidence in their own, they do not want to accept that China beat COVIDC-19 while they haven't, and finally they are loathe to accept the fact that a non-white nation has out performed them and will continue to do so into the foreseeable future.*
*In order to deflect attention away from these truths the West has concocted a series of lies and slanders that allow them to deny reality. Instead of poverty alleviation the West imagines "genocide." Instead of the advances in HSR, EVs, alt-energy and e-commerce they focus on "IP theft," instead of a socioeconomic system that serves the people, they accuse China of forced labor and forced sterilizations. Instead of seeing China as defending its national sovereignty in the South China Sea, Hong Kong and Taiwan, it's called an aggressor.*
*All the China-bashing serves multiple purposes but ONE of the main reasons is to make sure that people in the West do not get to hear nor see what the real China is all about because if they did they may get ideas that the Western elites don't want then to have, such as socialism works for the betterment of the 99% while capitalism works primarily to enrich the 1%.*
EURASIAChina & Russia pledge ‘changes not seen in 100 years’: Xi & Putin take aim at US dollar hegemony China’s President Xi Jinping traveled to Russia to meet Vladimir Putin, pledging “changes the likes of which we haven’t seen for 100 years”, agreeing to deepen economic integration and challenge the hegemony of the US dollar using yuan and other currencies in international trade.
End up how ? Global supply chain restructuring. Technology banned. Jobless. Deflation. Property bubble burst.
50 years from now historians will look back at this period and ask...what is wrong with the rich countries? What is wrong with mainstream media? So many common problems to tackle but missed the opportunity yet focusing on demonising the one major economy that is doing the right things in environment, climate change, poverty eradication, control of inflation, fairness , equality, harmony, water food and natural disasters, covid,
50 years from now historians will look back at this period and ask...what is wrong with the rich countries? What is wrong with mainstream media? So many common problems to tackle but missed the opportunity yet focusing on demonising the one major economy that is doing the right things in environment, climate change, poverty eradication, control of inflation, fairness , equality, harmony, water food and natural disasters, covid,
people will also ask ...happened to the running dogs?
All the China-bashing serves multiple purposes but ONE of the main reasons is to make sure that people in the West do not get to hear nor see what the real China is all about because if they did they may get ideas that the Western elites don't want then to have, such as socialism works for the betterment of the 99% while capitalism works primarily to enrich the 1%.*
in last 20 years, US GDP went to 10 trillion to 25 trillion. where did the money go?
in the same period, China increased GDP has changed China and half the world with it, notably the BRI>
U.S. had intelligence of detailed Ukrainian plan to attack Nord Stream pipeline THE DISCORD LEAKS | The CIA learned last June, via a European spy agency, that a six-person team of Ukrainian special operations forces intended to sabotage the Russia-to-Germany natural gas project By Shane Harris and Souad Mekhennet June 6, 2023 at 10:52 a.m. EDT
Three months before saboteurs bombed the Nord Stream natural gas pipeline, the Biden administration learned from a close ally that the Ukrainian military had planned a covert attack on the undersea network, using a small team of divers who reported directly to the commander in chief of the Ukrainian armed forces.
Details about the plan, which have not been previously reported, were collected by a European intelligence service and shared with the CIA in June 2022. They provide some of the most specific evidence to date linking the government of Ukraine to the eventual attack in the Baltic Sea, which U.S. and Western officials have called a brazen and dangerous act of sabotage on Europe’s energy infrastructure.
The European intelligence report was shared on the chat platform Discord, allegedly by Air National Guard member Jack Teixeira. The Washington Post obtained a copy from one of Teixeira’s online friends.
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