Official statistics say that China’s exports for May grew at their fastest pace in more than a year despite trade tensions, though imports fell short of analyst expectations.
  • beaxingu@kbin.run
    58·
    5 months ago

    the Chinese economy is as fake as any economy can get and non of there numbers are actually public like you would have in a democracy there a dictatorship that can make up any numbers they want.

      • beaxingu@kbin.run
        21·
        5 months ago

        hey now its almost like dictatorships can manipulate there economy’s in ways democracy’s cant. like jacking up your GDP numbers by building a whole lot of unnecessary shit and then crashing your property market because that’s obviously unsustainable . like temperately making your war economy look good by building a lot of shit that blows up. and this is only temperately because its shit that blows up.

        • carl_marks[use name]@lemmy.ml
          11·
          5 months ago

          hey now its almost like dictatorships can manipulate there economy’s in ways democracy’s cant.

          hey it’s almost like you think that you’re smarter than economists sitting in WTO, etc.

          like jacking up your GDP numbers

          US https://www.statista.com/statistics/248004/percentage-added-to-the-us-gdp-by-industry/ China https://www.statista.com/statistics/1124008/china-composition-of-gdp-by-industry/

          It’s easier to jack GDP with finance than industry…

          building a whole lot of unnecessary shit and then crashing your property market because that’s obviously unsustainable

          Infrastructure isn’t “unnecessary shit”. e.g. ghost cities filled up The chinese property market was experiencing a bubble due to overspeculation and mismanagement by firms like evergrande. As a result rents and property prices started to skyrocket. You’re probably shocked to learn that communists don’t like high rents and let the bubble crash and (unlike in the US handled their housing bubbles) left investors holding the bag. Because libs like you confuse the stockmarket with economy, you obv think it’s crashing…

          like temperately making your war economy look good by building a lot of shit that blows up. and this is only temperately because its shit that blows up.

          wat?

          • beaxingu@kbin.run
            11·
            5 months ago

            where do you think these economists get there numbers?. its almost like they get them from the Chinese government. its like giving yourself good grades. that’s why there are these round about ways to try and find out what the real numbers are because you know dictatorships are not that transparent about how they get there numbers. they overbuild all infrastructure not just property that’s just one big example these firms could only do this because the Chinese government incentivized it with cheap loans that’s why these firms could even get these big debs in the first place. the bubble only burst once they put in rules to stop them from creating so much debt. the property marked became the stock market because the Chinese stock marked was so volatile that was the incentive to speculate for normal people.

            Russia.

            • carl_marks[use name]@lemmy.ml
              1·
              5 months ago

              where do you think these economists get there numbers?. its almost like they get them from the Chinese government. its like giving yourself good grades. that’s why there are these round about ways to try and find out what the real numbers are because you know dictatorships are not that transparent about how they get there numbers.

              Exactly, and you believe that when you read western economists citing numbers they uncritically took them from the Chinese and didn’t do the same calculations as you did, right? Lol

              Chinese government incentivized it with cheap loans that’s why these firms could even get these big debs in the first place. the bubble only burst once they put in rules to stop them from creating so much debt.

              You’re so close to getting it. Communists indeed like to provide housing to people, so yes they made it attractive to build infrastructure by incentivizing their markets to do so. Since they do have their capitalists that also got greedy, they indeed intervened to make that bubble burst to make rent and property cheap for everyday people.

              Russia

              This is a China thread?

              • beaxingu@kbin.run
                1·
                5 months ago

                they use the Chinese numbers in official declarations because you know its official.

                they made it attractive because they needed something too keep saying that the economy was following the Chinese communist party GDP growth goals you seem to forget that everyday people used property as investment and now there investment is worthless. but hey maybe you just want to wave this away under its just there greedy capitalists.

                its a dictatorship thing. making your economy look better then what it actually is.

                • carl_marks[use name]@lemmy.ml
                  1·
                  5 months ago

                  they use the Chinese numbers in official declarations because you know its official. that’s why there are these round about ways to try and find out what the real numbers

                  that cognitive dissonance lol

                  you seem to forget that everyday people used property as investment and now there investment is worthless

                  don’t buy property as investment? The sinking of prices is an intended effect. Also the gvmnt forces evergrande to finish building homes tho…

                  its a dictatorship thing. making your economy look better then what it actually is.

                  I agree that the US is trying to make the economy look better than it actually is