China Growth Slows as Weak Retail Sales Drag Economy
China’s economic growth fell to the worst pace in five quarters as retail sales slowed. The latest data piles pressure on Beijing officials to boost investor and business confidence at the Third Plenum, the twice-a-decade policy meeting which is happening this week.
Hang Seng Bank, China Chief Economist Dan Wang and Li Cheng of the University of Hong Kong's Centre on Contemporary China and the World break down the numbers on "Bloomberg: The China Show."
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Пікірлер: 265
Slow growth performane is still much better than other countries
@phil20_20
Ай бұрын
Doesn't help when most of your population is below poverty level. Of course, China just changes the threshold for poverty to include less people.
@gregwang8628
Ай бұрын
@@phil20_20of course you are always right 😂
@chriswong9158
Ай бұрын
As China PRC 1Q GDP is 5.3% compare to USA's 1.6%. I think, Africa would love those China numbers.....
@leealex24
Ай бұрын
The GDP growth in absolute value in China is 2x of USA. I just did a simple math it's US$900bn in China vs US$400bn in USA for Q1 2024.
@victorcretu7741
Ай бұрын
It means China is broke and unsold products are piling up. China's GDP growth is a target. It does not matter if they have customers or not, the producers have to meet their target.
Finally, America is great again😂😂😂
@joycemclean3894
Ай бұрын
Not really they have high inflation and will cause consumers to spend less and less, I don’t trust anything News media putting out their.
@politicalreal7813
Ай бұрын
hahah China economy wont fall. They do this every 4-5 month
@djibicisse
7 күн бұрын
Yes ❤❤
this Li Cheng is a good representation of Chinese self brain washing
"Basically globalization fed & pulled 1.4 Chinese people from poverty & now somebody emerged from a cave & tell globalization how to behave..." China's economic miracle.
@TeeHee-vo1bn
Ай бұрын
Lol, poor China has 600 million people living on $5 or less per day. Do they all have $6 now?
@phillip76
Ай бұрын
Chinese are better at capitalism. That is why China is rich, and why China saved the world. it is two way street.
@anacatty1
Ай бұрын
@@SSYlist well they learnt it from USB... I mean it was USA when its still famous
@DK-ev9dg
28 күн бұрын
@@SSYlist China was smart to have business agreements with these globalization greedy people. They made tons of money with Chinese cheap labour. You're jealous because Chinese are having good brains for 5000+ years.
@DK-ev9dg
28 күн бұрын
@@SSYlist no China had smart agreements with those companies because they wanted to build their country from ground up.
Cant be audited properly without party members present, what a joke "2nd largest economy" lol
Li Cheng seems to be the speaker of China central government
@amunra5330
Ай бұрын
Freedom of speech friend. People can say things from their point of view. Or this is not practiced anymore?
@gazinger
Ай бұрын
@@amunra5330 yes, of course. My comment is also part of freedom of speech
@randalsaladbar
Ай бұрын
@@amunra5330Le Keqiang shared his opinion about poverty still not being fixed, and look what happened to him 🙃
Even China’s manipulated official numbers are disappointing!!
@chriswong9158
Ай бұрын
Secret of China PRC, leaving it to others not seeing the truth. Overall China PRC don't care as they move forward. Noted China PRC 1Q GDP number are from IMF aka USA reporting it.... base on import/export record.
@kokica007
Ай бұрын
I agree. The real number is much higher.. they just don't want hype yet
@fpetren
Ай бұрын
@@kokica007 you are right 👍
@ssuwandi3240
Ай бұрын
@@kokica007 you mean the price dumping is about to kick off. Good point
@johnnyguitar2929
Ай бұрын
@@kokica007 ha ha ha ha!! Thanks for the funny joke!!
Never feel sorry for a country that just sold 30 C919 planes.
Last minute was crucial… Tawain is what she was alluding to.
@dustup2249
Ай бұрын
You know, after reading your comment here and watching those last words from Dan Wang, I have to say I agree with your assessment that a "major project to stimulate China's economy" could be a war with Taiwan. She did mention earlier that the US's 1930's depression was solved more or less by the necessities of war spending on WWI.
@randalsaladbar
Ай бұрын
@@dustup2249 China's broke and was is expensive ✌️
Heading towards 17 million EV sales globally in 2024. Lillium Evtol Jets up 20 % month..Blade Evtol Jets up 17 % month.. ChargePoint up 30 % month... Polestar up 48 % month.. FSRNQ.. Fisker up 5 % Friday.
Why spent time and money to have Li Cheng to talk about history and never tell the truth! Quite waste of our time
@huangnicole6095
Ай бұрын
Agree. This man is talk like Bsht
@SSYlist
Ай бұрын
@@soyoungchang461 although he basically did that. But it's important to hear from both sides then you know which is a goner lol
The GDP growth in absolute value in China is still 2x of USA. I just did a simple math it's US$900bn in China vs US$400bn in USA for Q1 2024.
@randalsaladbar
Ай бұрын
How about dollar power? The yuan is dying
@akshaymanglani82
Ай бұрын
That’s value of the growth if I am not wrong. US grew around 2.75% (effects of AI large cap tech did play an effect) total Q1 US GDP was much greater, not sure about value of growth
No hate, but it raised my eyebrows a little when Li pointed out the research with "Chinese names" instead of just saying it's coming out of China
These people have blinders on
@jameswamba4338
Ай бұрын
@@FloatingCastle which people?
@joycemclean3894
Ай бұрын
@@jameswamba4338 News media I’m sure
Does anyone even believe these people's BS?
Financial consumption
Why our hk tax payers sponsor HKU to pay for someone like Li Cheng! Quite doubtful about the quality of education level and integrity of HKU!
@ksrawat88
Ай бұрын
You don’t have another choice.
Tiktok has millions of people showing the opposite, even just walking the shopping centers
@petefraser3013
Ай бұрын
Are you saying g that the retail situation is very bad in China? Have been seeing videos showing many empty malls.
@matsmcmats
Ай бұрын
Solid evidence, my guy! 😂
4.6% Yeah slowdown yet much higher than any states in the west
@TeeHee-vo1bn
Ай бұрын
That's according to CCP.
@munnakhan8961
Ай бұрын
@@TeeHee-vo1bn then it should have been around 6%
@TeeHee-vo1bn
Ай бұрын
@@munnakhan8961 Whatever CCP wants to report.
China just posted huge surplus in trade with the rest of the world. Also 4.7% is still huge growth.
@blaxter101
28 күн бұрын
A lot of it is exported but unsold goods piling up in overseas ports.
@DK-ev9dg
28 күн бұрын
@@blaxter101 negative
As China PRC 1Q GDP is 5.3% compare to USA's 1.6%. You do understand China GDP is of 1.4 Billions population, right.
@bullpup1337
Ай бұрын
GDP is a mirage. Most Chinese are poor.
@Freedmen-American-Reparations
Ай бұрын
@@bullpup1337 You traveled throughout China?👀🧐🤔
@bullpup1337
Ай бұрын
@@Freedmen-American-Reparations what made you think that… I have seen enough about China to know I would NOT enjoy that.
@leealex24
Ай бұрын
The GDP growth in absolute value in China is 2x of USA. I just did a simple math it's US$900bn in China vs US$400bn in USA for Q1 2024.
@Freedmen-American-Reparations
Ай бұрын
@bullpup1337 so you haven't visited for yourself but seen enough of China to draw preconceptions. Typical sub-arctic euro behavior. No matter how much sub-arctic euro hates, it will not slow down China's progress.
4.7 is not bad, given how strong us dollars is. If dollars are not strong, China number is super great. Because japan, india and vietnam dropped so much, that is why china has to follow suit a little bit.
Didn't know that China owns the achievements of everyone who has a "Chinese" name.
@phillip76
Ай бұрын
Does show that Chinese have a high G.
@NeidlichesSchwert
Ай бұрын
Here, in schools, the CCP does in fact teach that all Chinese diasporas-worldwide!-are under their dominion.
@phillip76
Ай бұрын
@@NeidlichesSchwert Funny, because I think the west wanna use chinese and asian to oppress Asia, and Asians. Think of what happen to Japan. U.S. wanna use Asian brains to enrich the west to dominate Asia.
@milkoowen6800
Ай бұрын
@@NeidlichesSchwert what the f you talking about
@randalsaladbar
Ай бұрын
@@phillip762nd largest economy 😂🤣😂🤣 white wings can't out run destiny
Tightening fiscal policy to spur growth
@dustup2249
Ай бұрын
Lol. The US's Federal Reserve tightens money supply to slow growth. That's hilarious to think that economic principles magically work opposite in a economy on the opposite side of the planet.
@jameswamba4338
Ай бұрын
Is that how it works? 🤔
@dustup2249
Ай бұрын
@@jameswamba4338
Slow down but it still growing 5%😅 we all know America government paying their wages
A research team from the University of Science and Technology of China has reported observing antiferromagnetic phase transition in a large and uniform quantum simulator, according to a study published in the journal Nature. The quantum simulator is the first to achieve the simulation of the fermionic Hubbard model beyond classical computers using ultracold atomic quantum simulators.
U talking about Taiwan?
Can their numbers be believed😂😂 Remember the 4,000 Covid deaths
Most countries would be thrilled to have China's growth numbers not to mention close to zero inflation.
@covertpuppytwo3857
Ай бұрын
Most countries wouldn't be thrilled that more than 40% of its population earn less than $5 a day and debt ratio of 286% of GDP!!!
@randalsaladbar
Ай бұрын
WTF planet are you from
Talking about falsifying records, in 2023, real China's 🇨🇳 economy shrank -3.5% as opposed to 5.2% expansion as officially announced. - So this year, they will just publish a 5% growth regardless of their economy.
@xuli3961
Ай бұрын
You are so into China, every China related news you are commenting some bs, good for you if it makes you happy.
@AlejandroPikoulasPlata
Ай бұрын
lastDumb the unemployed, frustrated, moron bot commenting every video about China on KZread came out.
@jaisriram295
Ай бұрын
@@xuli3961 it's still correct though 😂 China have been faking GDP numbers for years to attract FDI yet they still have low domestic consumption 😂
@elmehdihamouda7372
Ай бұрын
@@xuli3961 CIA bot probably
@ruffsoft
Ай бұрын
The IMF and World Bank confirm growht of 5.2%, with 4.5% growth predicted this year. What is your source that IMF and WB are wrong?
Can China's speed not be linked to China's ability to copy?
@adamsaciid4919
Ай бұрын
copy of what?
@glennnielsen8054
Ай бұрын
@@adamsaciid4919 Everything already existing that could have an interest, except freedom.
@adamsaciid4919
Ай бұрын
@@glennnielsen8054 hhhh lol what nonsense, my poor boy educate your self
@adamsaciid4919
Ай бұрын
@@glennnielsen8054 also there is no what is called freedom in this world even us
@glennnielsen8054
Ай бұрын
@@adamsaciid4919 What is the youth unemployment in China?
The IMF just raised Chinas expected growth for 2024 to 5%
Li Cheng taichi king...
Speaking of possible contractionary policies, why not a property tax? haha
This Li Cheng guy totally nonsense, he is just chinese government spoker
Clothes everyone has to many clothes crazy
if Dan Wang observes China only through an 'economist lens', she can only get a partial understanding. Look at the bigger picture, from a stragtegic standpoint.
US GDP 1% VS CN GDP 6%
@matsmcmats
Ай бұрын
Senegal has a growth rate at 8.3% though. Mightier than China then? Libya: 17.5% 😂
Talkers
licheng talking shit
EU 1st half 2024 projected 1.0% growth. Comment given was gradual expansion amid geopolitical risks. China 1st half 2024 5.0% growth. Comment economic slowdown with possible low local consumption and problematic construction sector. Negative outlook for 2024 whole year and 2025. What a different!
@okman9684
Ай бұрын
Still china lower than eu in per capita income. By that logic india grew by 8% too so is it bigger than china!
@alanssshh
Ай бұрын
good point
@JonySmith-bb4gx
Ай бұрын
@@okman9684 still Europe losing to China
@matsmcmats
Ай бұрын
"Niger, Senegal, Libya and Rwanda are expected to grow at the fastest rate of over 7% per year."
Basic Knowledge : Speed is measure by relative . 😅Yes, China is slowing down, but Growth rate still in front of U$ UK EU . Relatively still Growing faster than U$ UK EU .
@randalsaladbar
Ай бұрын
🤣😂🤣😂 growing just like it's stock markets
@okman9684
Ай бұрын
You know uk has a per cap gdp of 51000 usd while china has 13000 usd. Even if china grows at the rate of 5% it still take decades even reach uk's per capita gdp
@user-ul6oe7gt2l
Ай бұрын
@@okman9684 ...GDP is a fake number that is heavily biased towards "western" style of capitalism. PPP is the TRUE economic number based on REAL things, and Chy!!na has been #1 since 2014 in PPP.
America is great again😂😂😂😂
Chinese news from China but in English?
@dustup2249
Ай бұрын
It's a time honored method of major economies of the world comparing penis sizes by using propaganda in the opposition's language. Dan Wang talks really dirty in that respect! ❤
Of course they do😂
@chriswong9158
Ай бұрын
You Can Lead a Horse To Water, But You Can’t Make It Drink... Was said the same of China Space program until now US NASA begging for China sample of the moon.
Greatttt
Depuis des années, vous les journalistes de chez oncle Sam, vous avez toujours publié des fakes news sur la Chine.
Check facts before you spout nonsense from nonsense ‘experts’
@jameswamba4338
Ай бұрын
And what do the facts indicate?
The US has 0% growth but 5-6% inflation per year. China has 5% growth per year but deflation (price goes down). I know which economy I prefer.
@matsmcmats
Ай бұрын
"Niger, Senegal, Libya and Rwanda are expected to grow at the fastest rate of over 7% per year." I know what economy I prefer 😂😂😂 Ever heard of the saying "from a low base"?
@davenobody407
Ай бұрын
@@matsmcmats China’s 5% growth per year is equivalent of creating an economy of the Netherlands or Turkey. That’s yearly and year after year. At 5% growth China’s income doubled in 14 years, that’s a $38 trillions economy.
@djibicisse
7 күн бұрын
So why so many Chinese youth struggling?
Covid 😂
@JonySmith-bb4gx
Ай бұрын
COVID what COVID no 1 in USA
@user-vw1my9nt4r
Ай бұрын
@@JonySmith-bb4gx YOU ARE COVID PEOPLE
“You can fool all the people some of the time and some of the people all the time, but you cannot fool all the people all the time.” - Abraham Lincoln. Deng Xiaoping said "To Get Rich is Glorious" Henry Kissinger Quote: “To be an enemy of America can be dangerous, but to be a friend is fatal.”
@LanNguyen-vd4zt
Ай бұрын
Taking Kissinger quote out of context. You don’t even understand how that quote came to light and in what capacity. Go back to school
@LanNguyen-vd4zt
Ай бұрын
@@dustup2249 wrong, go back and read it up again. As a southern Vietnamese, this quote is well taught among Vietnamese.
@LanNguyen-vd4zt
Ай бұрын
@@dustup2249 wrong. Who was Kissinger speaking to? And what was he alluding to ?
@dustup2249
Ай бұрын
@@LanNguyen-vd4zt No, I think it applies as Kissinger meant it at the time. The China chief economist Dan Wang implied in this show that China needs a "major project" like a war to stimulate it's flagging local economy. Taiwan and the Philippines are America's "friends" just as South Vietnam once was and Ukraine currently is. Dan Wang earlier in the broadcast casually mentioned that the US stimulated it's 1930's depressed economy by using WWI spending. I think she was hinting of a near term bruhaha with Taiwan or possibly the Philippines because of the current hegemony maritime tit for tat of the South China Sea. Henry was lamenting America's reason for being South Vietnam's friend was not what South Vietnamese leaders Diem and Thieu understood as existential. We were their "friend" for the economic stimulus of war spending. America did not give a damn if they won or lost in Vietnam, just like Ukraine is America's "friend" currently. Taiwan is in for a rude awakening once Nancy Pelosi is driven from government and she will be if Trump wins. Trump will be advised that a war with China in it's front yard is an absolutely unwinnable war and Trump will abandon Taiwan--- which will be fatal in Kissinger's context
@LanNguyen-vd4zt
Ай бұрын
@@dustup2249 wrong
American propaganda machine never tires of creating cheap clickbait 👌🏼
Wasting everyone’s time listening to Li’s speech😂
You means comparing to american 2%?😂😂😂😂
Homeless everywhere 😂😂😂😂
@djibicisse
7 күн бұрын
Chyna?
@stephenmagic9868
7 күн бұрын
@@djibicisse garbage like you and your mom lmao
@stephenmagic9868
7 күн бұрын
@@djibicisse little 🦜 lol
@stephenmagic9868
7 күн бұрын
@@djibicisse time for stupid Americans to suck our Ds
Poor Americans😂😂😂
American is great again😂😂😂
America is great again😂😂😂
Poor Americans😂😂😂😂
@djibicisse
7 күн бұрын
Some one is upset 😢