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moorookamick

21,975 Posts.

769

09/08/22

15:03

Post #: 63012190
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Originally posted by moorookamick: ↑

IMO, that's all speculation TillLindermann because
the Statista charts above are current (2022) post pandemic
with the Ukraine War factored-in.

if you can do better than Statista, then in my humble opinion you
are wasting your valuable time on HC and you , like Statista, could
be making a motza flogging your rigorously researched data to
the Big Boys....eh?

NB: China is a command economy underpinned by State Capitalism
so western metrics for measuring its economic trajectory are dodgey
to say the least. We saw that in action 2008-2010 at the height of the GFC.

The Western economic Gurus who were predicting a Chinese economic
implosion then are still doing the same now

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Originally posted by TillLindemann: ↑

These are projections, based on the expectation that past growth would continue. All such projections are grounded in a pre-covid, pre-war, pre-Xi losing his mind, world-view. But facts change, eh? On any reasonable metric (other than official Beijing statistics) be it industrial activity, construction, traffic, tourism, electricity consumption, China is likely currently in recession. Given its dire demographic situation, its housing implosion, global geopolitics, and manufacturing moving back out of China en masse, there is no clear way back to growth for China... eh?

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FYI here is the link to Statista:

https://www.statista.com/accounts/pa?crmtag=adwords&gclid=EAIaIQobChMI18_8iv24-QIVm4NLBR3s7QVdEAAYASAAEgITZfD_BwE&kw=statista
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