https://sg.finance.yahoo.com/news/china-december-trade-beats-forecasts-033823593.html
China's economy is powering ahead as we've anticipated. We had stated previously that China's economy would be expanding because of de-americanization in its supply chain that would boost its local industries.
http://sg-stock.blogspot.com/2019/12/how-is-chinas-economy-doing-part-2.html
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Facts are facts. China's economic GROWTH has been slowing down since peaking in 2007. The RMB value of its economic GROWTH is now at similar levels to early-1990s.
The latest GDP figure to be released by China's National Bureau of Statistics in the next few days will likely show 6%. This will also be the upper target for next few years --- they'll target a range from 5.5%-6.0%.
What's more important is the QUALITY of economic growth. This will make the difference in terms of how long-lasting the economic improvements are, the types of jobs, the types of services & goods produced, the types of economic strengths & specialties being honed & trained, the levels of median salaries.
China's "growth" from 2004 to 2015 has mostly been in rubbish things or for quick profits or pissing contests. They've been shifting in the last few years & this has resulted in pains for many industries & workers in those industries. The trade war simply accelerated this process. Where it would probably be planned over 10-15 years has been forced to take place over 2-5 years.
I don't know where you got your economic growth figure for your RMB value. Please show me the figure first.
Please stop smearing and fearmongering when you cannot provide official figures.
Let me show you my figures.
http://sg-stock.blogspot.com/2019/10/the-us-gdp-growth-declined-to-19.html
China GDP growth - 3rd Qtr: 6% (annualised)
US GDP growth - 3rd Qtr: 1.9% (annualised)
China has grown its GDP by US$0.82T (6% of GDP US$13.6T) this quarter but the US is only growing at US$0.39T (1.9% of GDP US$20.5T). In other words, China is growing at twice the US growth rate in absolute terms.
Were you telling us that China was growing at US$0.82T per annum in early 1990s?
Fear mongering?!?? LOL!!!
I bet I have more of my money invested in Chinese & China-related assets & companies than you.
One thing I've discovered in online blogs is that the loudest China-lovers & 5th columnists often don't have a single cent invested where their big mouths are!
Oh RMB figures? Go check out the official communist National Bureau Of Statistics. They're online you know ... and there's this thing called google.
China's GDP in 1997 was less than US$1T.
http://sg-stock.blogspot.com/2019/05/hong-kong-pro-democracy-activists-are.html
If China was growing at US$0.82T per annum for a few years in the early 1990s, then China's economic size wouldn't be just under US$1T in 1997.
Going by your logic, China's GDP in 1996 would be US$0.2T and less than zero in 1995.
Sorry, you are busted!
Why are you using 6% of 2019 GDP quantum as the same as 6% of early 1990s GDP?!?
///If China was growing at US$0.82T per annum for a few years in the early 1990s, then China's economic size wouldn't be just under US$1T in 1997.///
Are you born retarded or did your mother drop you on your head as a baby? LOL!!
Are you a dotard? You couldn't even remember what you've said? Hee hee!
When did I use 6% of 2019 as the same as 6% of early 1990s? I used a nominal figure of US$0.82T and not % because you said something below in the quote.
Quote:
The RMB value of its economic GROWTH is now at similar levels to early-1990s.
End Quote.
This means that the economic growth value (nominal figure) of the present day is similar to the past in your quote.
Even if the % was much higher in the past, the economic growth value in the 1990s was also much smaller than the present day because the GDP size had grown by leaps and bounds.
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