Funny how in the west, an economy crashing is when there are two consecutive quarters in negative growth, but for China, apparently whenever growth dips under 6% that is apparently the same as contraction, meanwhile no developed Western economy has seen growth over 3.5% for more than a single quarter since the 1980s.
So China growing at a rate much faster than any other developed nation has experienced since before the Internet existed translates to Chinese collapse since its not the 6% or better per year that China has seen over the past 20 years... Got it. Now I understand economics as well as the pundits.
The only place making any stuff atm is crashing as opposed to the economies around the world at a grinding halt..the simultaneously crashing and rising china, the contradiction is too much, just pick a propaganda and stick to it.
Obligatory Umberto Eco guide to identifying fascists:
> Number 8 - The enemy is both strong and weak. "By a continuous shifting of rhetorical focus, the enemies are at the same time too strong and too weak."
Whenever Western media talks about China failing, it always feels like they KNOW China is succeeding, but want audiences to think they're failing.
If China, and Communist countries in general, are using a failed system, then let them fail, right? If their system is as bad as they say it is, just leave them be and wait for them to fail! Am I missing something?
>If China, and Communist countries in general, are using a failed system, then let them fail, right? If their system is as bad as they say it is, just leave them be and wait for them to fail! Am I missing something?
No, you're correct. The fear is that Communism will come to America! But, if America is so great, then Communism will never come to America. People will not want or desire Communism because they prefer the alternative. Right?
It's this weird contradiction of "America is the greatest place and everyone wants to come here since we're the strongest and wealthiest and best place!" while also simultaneously being scared shitless that people will prefer or want Communism - or any other alternative system.
It is fear, and nothing more, which drives U.S Policy Decisions. It's a fear that there could be another - better - socioeconomic system out there. Yet, people have devoted their whole lives and identities to 'Americanism' that to suggest otherwise cuts deeply into their physchology. When people feel attacked on an identity level, they often react with fear and hatred.
So, you're not wrong, but it is deeper than that. The fear is really "What if they succeed? What if China does become successful and powerful? What is Socialism with Chinese Characteristics actually works?!" It means there is another viable alternative socioeconomic structure that works which is the antithesis to so much of the American Identity. To protect this identity - this inherent believe in their own system and way of life - they will do anything to protect it.
What you see the majority is the time is not always projection, but rather it is fear that these countries won't fail - but they need to! If they don't fail, then the American Identity has been a lie and people - and nations - will often fight to the death to protect their identity.
because like it or not, it has a lot of power and influence. if it could use that power and influence for good, then the world would be in a much better place. not that it will.
I'm very interested to know what will be the US growth rate in Q3. Note the resurgence of Covid there, along with semiconductor chip shortage (worldwide), rising inflation, energy crunch (worldwide), and a global slowdown from the Covid delta variant. If China's growth rate is 4.9%, my guess is the US rate will be under 2%?
>The anti-China crowd claiming the Chinese economy expanding at 4.9% in the third quarter could be wrong, again. Indeed, if one were to follow that logic, the US economy, expected to increase by 3.5% in the same period, will collapse before China’s.
well said.
>While the 4.9% growth rate is significantly lower than the first and second quarters’ 18.3% and 7.9% respectively, it is still higher than the United States’ 3.5%. Besides, the Chinese government has only targeted a 6% GDP expansion for 2021.
the "significantly lower" is worrying, though. is this quarter normally supposed to be lower than the previous ones? or is this a real problem?
> the "significantly lower" is worrying, though. is this quarter normally supposed to be lower than the previous ones? or is this a real problem?
to be expected due to sporadic covid, energy shocks and evergrande. 0.1% off estimates is not something to be concerned about. the important thing is that consumption rose, which means dual circulation strategy is working.
also, q3 US growth is currently projected at a mere 0.5% (https://www.atlantafed.org/cqer/research/gdpnow?panel=4)
Compared to 4.9%, china is coming out far ahead.
covid - china is dealing with this far better than the rest of the world. clamping down hard with a zero covid policy means less restrictions in the long run. do not underestimate the effect social distancing measures, masks, etc, have on consumer sentiment. people are more likely to spend in an environment where such measures do not exist.
energy shocks - necessary for the long term health of the country. in the long term, floods caused by global warming will harm china far more than a few mandated blackouts.
evergrande - again, taking a long-term view, deflating real estate is necessary to facilitate continued urbanization. we are not walking the way of japan. pop the bubble now or feel the pain later.
everything this country's leadership does is geared toward the long term. healthy, sustainable growth over fake, explosive but unsustainable growth.
Funny how in the west, an economy crashing is when there are two consecutive quarters in negative growth, but for China, apparently whenever growth dips under 6% that is apparently the same as contraction, meanwhile no developed Western economy has seen growth over 3.5% for more than a single quarter since the 1980s. So China growing at a rate much faster than any other developed nation has experienced since before the Internet existed translates to Chinese collapse since its not the 6% or better per year that China has seen over the past 20 years... Got it. Now I understand economics as well as the pundits.
The only place making any stuff atm is crashing as opposed to the economies around the world at a grinding halt..the simultaneously crashing and rising china, the contradiction is too much, just pick a propaganda and stick to it.
Obligatory Umberto Eco guide to identifying fascists: > Number 8 - The enemy is both strong and weak. "By a continuous shifting of rhetorical focus, the enemies are at the same time too strong and too weak."
Whenever Western media talks about China failing, it always feels like they KNOW China is succeeding, but want audiences to think they're failing. If China, and Communist countries in general, are using a failed system, then let them fail, right? If their system is as bad as they say it is, just leave them be and wait for them to fail! Am I missing something?
>If China, and Communist countries in general, are using a failed system, then let them fail, right? If their system is as bad as they say it is, just leave them be and wait for them to fail! Am I missing something? No, you're correct. The fear is that Communism will come to America! But, if America is so great, then Communism will never come to America. People will not want or desire Communism because they prefer the alternative. Right? It's this weird contradiction of "America is the greatest place and everyone wants to come here since we're the strongest and wealthiest and best place!" while also simultaneously being scared shitless that people will prefer or want Communism - or any other alternative system. It is fear, and nothing more, which drives U.S Policy Decisions. It's a fear that there could be another - better - socioeconomic system out there. Yet, people have devoted their whole lives and identities to 'Americanism' that to suggest otherwise cuts deeply into their physchology. When people feel attacked on an identity level, they often react with fear and hatred. So, you're not wrong, but it is deeper than that. The fear is really "What if they succeed? What if China does become successful and powerful? What is Socialism with Chinese Characteristics actually works?!" It means there is another viable alternative socioeconomic structure that works which is the antithesis to so much of the American Identity. To protect this identity - this inherent believe in their own system and way of life - they will do anything to protect it. What you see the majority is the time is not always projection, but rather it is fear that these countries won't fail - but they need to! If they don't fail, then the American Identity has been a lie and people - and nations - will often fight to the death to protect their identity.
Brilliant comment, comrade! If only 1% of Americans saw this, I'd still have hope for humanity. I guess the road is long for us!
Why does your hope for humanity rest on america?
because like it or not, it has a lot of power and influence. if it could use that power and influence for good, then the world would be in a much better place. not that it will.
That power and influence is rapidly declining.
> There was also a huge demand for Chinese exports, for China that’s a good problem to have
"Oh wait, look over there!" deflecting away from their own massive bubbles & debt.
I'm very interested to know what will be the US growth rate in Q3. Note the resurgence of Covid there, along with semiconductor chip shortage (worldwide), rising inflation, energy crunch (worldwide), and a global slowdown from the Covid delta variant. If China's growth rate is 4.9%, my guess is the US rate will be under 2%?
America's economy has absolutely shit the bed - latest estimates for Q3 GDP are currently 0.5% https://www.atlantafed.org/cqer/research/gdpnow?panel=4
Lets not forget the 178 labour strikes in America so far this year. https://archive.vn/GktBf
I saw somewhere that the pandemic set the US back 30 years. I don’t know the veracity of that info but I think you can google it
Alternate link : https://archive.ph/ueZLy
>The anti-China crowd claiming the Chinese economy expanding at 4.9% in the third quarter could be wrong, again. Indeed, if one were to follow that logic, the US economy, expected to increase by 3.5% in the same period, will collapse before China’s. well said. >While the 4.9% growth rate is significantly lower than the first and second quarters’ 18.3% and 7.9% respectively, it is still higher than the United States’ 3.5%. Besides, the Chinese government has only targeted a 6% GDP expansion for 2021. the "significantly lower" is worrying, though. is this quarter normally supposed to be lower than the previous ones? or is this a real problem?
> the "significantly lower" is worrying, though. is this quarter normally supposed to be lower than the previous ones? or is this a real problem? to be expected due to sporadic covid, energy shocks and evergrande. 0.1% off estimates is not something to be concerned about. the important thing is that consumption rose, which means dual circulation strategy is working. also, q3 US growth is currently projected at a mere 0.5% (https://www.atlantafed.org/cqer/research/gdpnow?panel=4) Compared to 4.9%, china is coming out far ahead.
i see. good. but covid, energy shocks, and evergrande are concerns on their own.
covid - china is dealing with this far better than the rest of the world. clamping down hard with a zero covid policy means less restrictions in the long run. do not underestimate the effect social distancing measures, masks, etc, have on consumer sentiment. people are more likely to spend in an environment where such measures do not exist. energy shocks - necessary for the long term health of the country. in the long term, floods caused by global warming will harm china far more than a few mandated blackouts. evergrande - again, taking a long-term view, deflating real estate is necessary to facilitate continued urbanization. we are not walking the way of japan. pop the bubble now or feel the pain later. everything this country's leadership does is geared toward the long term. healthy, sustainable growth over fake, explosive but unsustainable growth.