this post was submitted on 26 Dec 2024
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This will be a clever trick to land, since everyone else is writing about dwindling consumer confidence, real estate correction, and debt in local government .
https://www.omfif.org/2024/08/how-deeply-rooted-are-chinas-economic-woes/
Incidentally "everyone" in this case is
https://www.omfif.org/about/
Some British Business Geniuses.
Please tell me all about how they're managing their own economy, atm.
Not sure if you’re trying to be funny, but select Omfif fairly randomly and because the used Chinas own data.
I simply point out there are number and conflicting reports about what’s going on with that Chinese economy.
Indeed, the FT who now write about this EV miracle, have previously written at length about issues, and government stimulus thereof
https://www.ft.com/content/bae8f56b-d2f2-489f-b0cb-8ccc384c40d2
https://www.ft.com/content/ff4243bb-1367-4348-9350-d848418c4418
if you’re unable to parse different and sometime conflicting sources and be interested in what’s happening within china’s economy, and instead are reliant on YouTube slop and gimmicks, maybe you’d be more at home on twitter or something like that ?
Simply flipping through a stack of newspapers and searching for meaning, without consulting the raw metrics of the countries you are analyzing, is worth about as much as reading the tea leaves at the bottom of your cup. To wit:
Neoliberal publication of record predicts bad things will come from state actors stimulating/regulating their economy is a record I've been hearing played since the 1960s. If you took these predictions at face value, the Chinese economy shouldn't have running water much less cutting edge chip fabrication and a nascent airline industry.
At some point, you're forced to question the ideology behind the publishers, rather than just nodding along at the Business Oracles while they read from a pile of chicken entrails.
Western economists are historically bad at predicting Asian markets.
The media reporting on China mirrors the same bad predictions as when Japan was emerging as the number two economy during their own economic miracle.