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China's Economy shrinks for first time in 40 years


spygirl

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China’s economy shrinks for first time in four decades

First-quarter GDP falls 6.8% year on year in wake of coronavirus pandemic

https://www.ft.com/content/8f941520-67ad-471a-815a-d6ba649d22ed

7e5f4210-8081-11ea-bc48-09893feaf4c9-sta

 

Now China has been telling huge porkies about their economy for at least 10 years.

So youve got to wonder what the real state is. Id guess they are using he virus to publish real figures.

Get your production out of China before the social unrest kicks of major time. 

 

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6 hours ago, spygirl said:

China’s economy shrinks for first time in four decades

First-quarter GDP falls 6.8% year on year in wake of coronavirus pandemic

https://www.ft.com/content/8f941520-67ad-471a-815a-d6ba649d22ed

7e5f4210-8081-11ea-bc48-09893feaf4c9-sta

 

Now China has been telling huge porkies about their economy for at least 10 years.

So youve got to wonder what the real state is. Id guess they are using he virus to publish real figures.

Get your production out of China before the social unrest kicks of major time. 

 

A serious question, has there ever been any meaningful social unrest in China? IIRC the last time it happened the guy was run over by a tank.

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5 minutes ago, spunko said:

serious question, has there ever been any meaningful social unrest in China? IIRC the last time it happened the guy was run over by a tank.

The Hong Kong situation for the last 6-8 months? I guess technically that territory is a special jurisdiction.

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1 hour ago, spunko said:

A serious question, has there ever been any meaningful social unrest in China? IIRC the last time it happened the guy was run over by a tank.

Boxer rebellion against Christians in 1899ish killed over 100k,it was really caused by a bad drought that meant a lot of the farmers were starving.

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Chewing Grass

Watch where the money goes, just like all authoritarian regimes of the past those at the top of the not so Communist Party of China will have been off-shoring cash, bullion, valuables just in case. There will be a Plan B, and Plan C and even possibly a Plan D in the biggest confidence trick in history.

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13 hours ago, spunko said:

A serious question, has there ever been any meaningful social unrest in China? IIRC the last time it happened the guy was run over by a tank.

No, always peaceful progress....

https://en.m.wikipedia.org/wiki/Boxer_Rebellion

https://en.m.wikipedia.org/wiki/Chinese_Communist_Revolution

https://en.m.wikipedia.org/wiki/Great_Leap_Forward

https://en.m.wikipedia.org/wiki/Cultural_Revolution

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20 minutes ago, spygirl said:

These were mostly all launched by the government though. I meant a genuine protest movement ie anti government. 

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12 minutes ago, spunko said:

These were mostly all launched by the government though. I meant a genuine protest movement ie anti government. 

CCP is the people. The people are the CCP.

A chicken in every pot n rice in every bowl.

The CCP beat down any protest, to stop them spreading.

Since 2000, growing economy n wage growth has kept a lid on major shut.

Now theres the fallout as people get poorer, their kids get banned from foreign Unis, the population age and find that th property I vestment pension in Oz  London, Manchester, Liverpool, is worthless.

What is CCP going to do? That money was smuggled out.

 

 

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Chewing Grass

The thing with China is their population compared to Hong Kong, Japan, Singapore etc is a full eight years shorter with men in particular only making it to 74.

Discontent grows with working age, if you are still flogging your guts when you are over 50 then you are going to be of that peculiar age when you no longer believe what you are told and start being vocal about it.

China has now got a lot of young people with non-China experience and they are probably quietly simmering away as well.

Boiling frogs.

https://en.wikipedia.org/wiki/List_of_countries_by_life_expectancy

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42 minutes ago, Chewing Grass said:

The thing with China is their population compared to Hong Kong, Japan, Singapore etc is a full eight years shorter with men in particular only making it to 74.

Discontent grows with working age, if you are still flogging your guts when you are over 50 then you are going to be of that peculiar age when you no longer believe what you are told and start being vocal about it.

China has now got a lot of young people with non-China experience and they are probably quietly simmering away as well.

Boiling frogs.

https://en.wikipedia.org/wiki/List_of_countries_by_life_expectancy

Boiling chinks....

Chinas demographics are truly a wonder.

The number of 50+ goes up massively over the next 20 years.

 

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Long time lurking
22 hours ago, spygirl said:

China’s economy shrinks for first time in four decades

First-quarter GDP falls 6.8% year on year in wake of coronavirus pandemic

https://www.ft.com/content/8f941520-67ad-471a-815a-d6ba649d22ed

7e5f4210-8081-11ea-bc48-09893feaf4c9-sta

 

Now China has been telling huge porkies about their economy for at least 10 years.

So youve got to wonder what the real state is. Id guess they are using he virus to publish real figures.

Get your production out of China before the social unrest kicks of major time. 

 

A big part of their economy was tractor production RMB loans are alleged to be 45% bad it`s also alleged they are running out of $

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Long time lurking
16 hours ago, spunko said:

A serious question, has there ever been any meaningful social unrest in China? IIRC the last time it happened the guy was run over by a tank.

There is some horrific footage out there regarding that day ,it was not just a guy they were loading the bodies with an excavator

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Long time lurking

Convince me he`s wrong ? when is the question IMO and this is 10 months old 23 mins > if you don`t want to watch the lot

Caveat there was some huge decisions to be made in March this year which have dropped of the radar and have not happened 

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sancho panza
17 hours ago, spunko said:

A serious question, has there ever been any meaningful social unrest in China? IIRC the last time it happened the guy was run over by a tank.

a 2011 paper but well worth a flick through

Lot of unrest in CHina goes unreproted I think

https://www.chathamhouse.org/sites/default/files/public/Research/Asia/1012ecran_gobelong.pdf

According to official statistics, in 2011 the Chinese government spent more on internal security (USD 111 billion [EUR 90 billion]) than on national defence (USD 106 billion [EUR 86 billion]). The costs of the `harmonious society’, as current President Hu Jintao has called it, are high.

1 hour ago, Long time lurking said:

Convince me he`s wrong ? when is the question IMO and this is 10 months old 23 mins > if you don`t want to watch the lot

Caveat there was some huge decisions to be made in March this year which have dropped of the radar and have not happened 

China has huge problems within it's shadow banking system

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Long time lurking
20 minutes ago, sancho panza said:

China has huge problems within it's shadow banking system

That is talked about here ,but they seem to think ( all be it anecdotally)  they have started to tackle that  this interview is slightly earlier than the other i posted 

 

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11 hours ago, spygirl said:

Boiling chinks....

Chinas demographics are truly a wonder.

The number of 50+ goes up massively over the next 20 years.

 

I see this with the one child policy etc doing it's bit too.  However a colleague with Chinese family who regularly visits is under the impression that if your over 40 years you are considered almost elderlyO.o

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1 minute ago, Dogtania said:

I see this with the one child policy etc doing it's bit too.  However a colleague with Chinese family who regularly visits is under the impression that if your over 40 years you are considered almost elderlyO.o

Have you seen Chinese air pollution?

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Just now, spygirl said:

Have you seen Chinese air pollution?

good point - that's the other thing he goes on about - visiting the great wall but hardly having a view.

Said for a while that if i was to buy an air purifier would probably go Chinese.

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In contrast with thread title, the IMF have given to go-ahead for the yen to be included in the "IMF foreign currency basket". This will put the yen on a par with the dollar and is predicted to trigger a transfer of wealth not seen for decades. Anyone with an understanding of global markets care to comment? Ignore the platform,read the article and keep an open mind https://themuslimtimes.info/2020/04/05/the-imf-officially-green-lighted-the-acceptance-of-chinas-currency-the-yuan/

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sancho panza
7 hours ago, Andersen said:

In contrast with thread title, the IMF have given to go-ahead for the yen to be included in the "IMF foreign currency basket". This will put the yen on a par with the dollar and is predicted to trigger a transfer of wealth not seen for decades. Anyone with an understanding of global markets care to comment? Ignore the platform,read the article and keep an open mind https://themuslimtimes.info/2020/04/05/the-imf-officially-green-lighted-the-acceptance-of-chinas-currency-the-yuan/

It's the yuan not yen Andersen.Had to happen at some point given size of Chinese GDP I reckon.

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