China Likely to Be Stuck in Low Inflation Environment: Hang Seng Bank
Dan Wang, chief economist at Hang Seng Bank, China, explains why she expects the world's second-largest economy to grow 4.9% this year. She also breaks down the latest inflation data that show consumer prices barely increased from a year earlier last month and industrial prices continued to slump. She speaks on "Bloomberg: The China Show."
Пікірлер: 105
I like her smile
In the oder of good to bad: low inflation, high inflation, deflation. China is actually in a not so bad spot, high growth + low inflation.
@slumerville
Ай бұрын
4.9% growth doubles US, quadruples EU
@dengist8172
Ай бұрын
@@slumervillethat’s under a property bubble pop too. Imagine when property goes back to normal
@DW-op7ly
Ай бұрын
Yes China cracked down on their Real Estate The other option is Chinese in their cities would be buying their 4th or 5th home right about now if not When a few hundred million Rural Chinese can’t find affordable housing as they migrate to the cities But their people are still adding around 2.6 trillion a year into their bank accounts even with a slowdown As exports are up 7% these first few months of 2024 While the last 2 years Chinas trade surplus was around 820 billion per year As the Chinese Government pushes their people to invest into the critical technologies of the future instead Critical Technologies of the future where China already leads the world in 37 of 44 of them So they will pile even more money into these industries Yellen and her successors are going to have to keep going to China and beg China not to dump their high tech products at cheap prices on the world
When does the low inflation become bad? Bloomberg's double standard is the finest!
@NiteshKumar-ue1yp
Ай бұрын
Low IQ of communist at it's finest 😂
Low inflation and economy growing at 5% good news....
China keeps the goods. US keeps the dollars. China deflation means US inflation. Double side of the same coin
@abdiganiaden
Ай бұрын
Inflation is better problem to have than deflation
@DW-op7ly
Ай бұрын
Keep telling yourself that The Chinese purposely deflated their real estate market In the west people are shoplifting because they can’t afford things
@CattleFarmer667
Ай бұрын
@@abdiganiaden Inflation and deflation has to be managed. Neither one is better than the other. Remember inflation calculation only comes from a basket of essential goods. Housing is not counted so a country can have mild deflation while housing price increase 20%.
@abdiganiaden
Ай бұрын
@@CattleFarmer667 “neither one is better than other” False, deflation is far worse and leads to a cycle of unemployment.
@CattleFarmer667
Ай бұрын
@@abdiganiaden Who told you deflation is worse, may I ask? You can ask the Chinese now if they are unhappy with their deflation.
Low inflation!?!? Sux for them
@fly463
Ай бұрын
Not at all It is too low If it goes below 0% then *deflation*
@tonyatgoogle6076
Ай бұрын
😂😂😂
@xiphoid2011
Ай бұрын
It does suck. Because companies won't hire people old than 35, and people are getting their wages cut. This is why deflation is so much worse than inflation.
@tonyatgoogle6076
Ай бұрын
@@xiphoid2011 bs
@tonyatgoogle6076
Ай бұрын
@@xiphoid2011 lots of cow dung here
We could use some low inflation here in the US.
@titusp9488
Ай бұрын
what we really need is productivity and real reduction on prices (last 3 years inflation rose 20%+ ... still rising). Every 100 dollars you have lost 20.
@CattleFarmer667
Ай бұрын
You need honest politician, not low inflation
@xiphoid2011
Ай бұрын
And you want the "nobody will hire you if older than 35" and "wage cuts" that comes with it, right? 😂
@samanthajones4877
Ай бұрын
@@titusp9488 it’s hard to be productive when we’re too busy smoking all of that weed.
@samanthajones4877
Ай бұрын
@@CattleFarmer667 our politicians are mostly from a lawyer background. Lawyers are not known for their honestly nor problem solving skills. Meanwhile, president Xi was an engineer. Americans who only see negative fake news about China here in America won’t understand what I’m talking about when I say Xi is doing a lot of good for their country such as high tech infrastructure, poverty alleviation, and low crime among other things.
The chinese economy q1 2024..5.3%. According to western media the chinese economy is doing badly
Meanwhile other countries are suffering from high prices
So it sounds like China is the solution to high ass prices in Europe and the US. But those governments would rather have high prices and squeeze their consumers every penny they can. Can't remember the last time competition in America really lowered prices for consumers. Seems like every company in that country just wants to be a monopoly
@gstlb
Ай бұрын
No, you’re forgetting that if the consumers only bought cheap Chinese stuff, millions of people in those countries would lose their jobs.
@leonlee877
Ай бұрын
@gstlb good point. But i expect that in that scenario, there's a balance that can be found.
@DW-op7ly
Ай бұрын
Yes China cracked down on their Real Estate The other option is Chinese in their cities would be buying their 4th or 5th home right about now if not When a few hundred million Rural Chinese can’t find affordable housing as they migrate to the cities But their people are still adding around 2.6 trillion a year into their bank accounts even with a slowdown As exports are up 7% these first few months of 2024 While the last 2 years Chinas trade surplus was around 820 billion per year As the Chinese Government pushes their people to invest into the critical technologies of the future instead Critical Technologies of the future where China already leads the world in 37 of 44 of them So they will pile even more money into these industries Yellen and her successors are going to have to keep going to China and beg China not to dump their high tech products at cheap prices on the world
It could also be the fact that the Chinese consumers are changing the consumption habits that the consumption index needs to be adjusted to include different products for indexing.
it isn't every countries EU, US, Others all want lower inflation which is a good thing than high inflation. Then why these caster suggest "China Stuck " on lower inflation as bad .? the fact the matter is , only countries with good leaders with long term goal can manage a low debt & inflation for their countries. As for those corrupted leaders with wrong policy which acting on the behalf of their people but themselves, will put their countries in recession
You mean deflation, right?
@fly463
Ай бұрын
Yeah Deflation is worse than high inflation 😷 People in the other comments think too low inflation is good, as expected. The best range would be 2-4% inflation.
@Four_Eyes
Ай бұрын
@@fly463 It is good from an investment perspective. Underperforming economy means government will stimulate, which means more liquidity which means good for equities (in that region). For average folk not yolo'ing into markets, ideal inflation is 0.2 - 0.5%.
@fly463
Ай бұрын
@@Four_Eyes About the "stimulate" part, i just watched a video :- “why China is tanking its economy with Peter Hartcher” He said that the govt hasn't simulated it as much as the investors thought they would.
@ssuwandi3240
Ай бұрын
Well it's working as a country that piles up on gold. Peter had no clues on the fundamentals.
@fly463
Ай бұрын
@@ssuwandi3240 can you explain ?
deflation. if you believe the price will go down in the near future. you are likely not to buy anything now. or selling your stuff. and over supply cause more believe on future prices go down.
@tonyatgoogle6076
Ай бұрын
For every day essentials like food? Ok, don't buy now, wait till next next, lol
@DW-op7ly
Ай бұрын
Yes China cracked down on their Real Estate The other option is Chinese in their cities would be buying their 4th or 5th home right about now if not When a few hundred million Rural Chinese can’t find affordable housing as they migrate to the cities But their people are still adding around 2.6 trillion a year into their bank accounts even with a slowdown As exports are up 7% these first few months of 2024 While the last 2 years Chinas trade surplus was around 820 billion per year As the Chinese Government pushes their people to invest into the critical technologies of the future instead Critical Technologies of the future where China already leads the world in 37 of 44 of them So they will pile even more money into these industries Yellen and her successors are going to have to keep going to China and beg China not to dump their high tech products at cheap prices on the world
Standard of living is getting higher if inflation is getting low
@fly463
Ай бұрын
Partially true Standard of living can go higher even with low inflation/0% inflation
@CattleFarmer667
Ай бұрын
Not really. Ask Japan. Their inflation is negative but standard of living stagnant
@DW-op7ly
Ай бұрын
Yes China cracked down on their Real Estate The other option is Chinese in their cities would be buying their 4th or 5th home right about now if not When a few hundred million Rural Chinese can’t find affordable housing as they migrate to the cities But their people are still adding around 2.6 trillion a year into their bank accounts even with a slowdown As exports are up 7% these first few months of 2024 While the last 2 years Chinas trade surplus was around 820 billion per year As the Chinese Government pushes their people to invest into the critical technologies of the future instead Critical Technologies of the future where China already leads the world in 37 of 44 of them So they will pile even more money into these industries Yellen and her successors are going to have to keep going to China and beg China not to dump their high tech products at cheap prices on the world
I thougt the US downgrade china rating how come they growing stronger??
@fly463
Ай бұрын
How is this growing stronger ? You need to check what inflation means. This is bad cuz it is so close to 0%
@iggy5347
Ай бұрын
Goldman sach increase the growth forecast
@fly463
Ай бұрын
@@iggy5347 so ? 🤔 If they get stuck into a deflation then that would mean stagnating for a few years.
@Jacktan9203
Ай бұрын
@@fly463Deflation can be an indicator that consumers are saving money and arent spending enough on certain goods, which brings prices down. But you can also say that because China is overproducing, thats why prices are low, not caused by consumer not spending enough.😅
@iggy5347
Ай бұрын
@@fly463 deflation in food is a good thing but china can export the deflation on the world market. You can help china to by buying made in china goods and service in return china buy US debts so the US can print more debt for future growth. Its a win win for both
You make that sound bad.
Lower inflation...? WTF😮 Perception v. Reality❤
@fly463
Ай бұрын
It could turn into a deflation
Lies
Woaow gorgeous chinese economist girl 🥰😍😳
CCP:"ALL PRICES MUST BE KEEP LOW!"
@marlion6183
Ай бұрын
二逼👍👍👍
@jacksmith-mu3ee
Ай бұрын
Good
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.
@tommy85704
Ай бұрын
Where did you grab those numbers? From your butt? 😂
@fly463
Ай бұрын
How do you know that ? 🤔
@kokica007
Ай бұрын
@@fly463 Because he is long lost Xi brother Chang Jinping
@Rav01508
Ай бұрын
Unemployed indian bot
@yongjunma7511
Ай бұрын
@@kokica007 because it's a bot
Chinese 🇨🇳 property sector, which accounts for 30% of GDP, is crashing. - Exports and imports, accounting for 37% GDP, are down. - Foreign investment (FDI) is falling over 90%, lowest in 3 decades. - Foreign visitors are down 96% compared to the pre-pandemic level in 2019. - Consumer prices are experiencing deflation. - Youth unemployment hits over 21%, a record. - Its fast-shrinking workforce is 10 years older than neighboring countries. *Still, China keeps reporting outrageous GDP numbers.* Lol Where does the growth come from?
@OnlyAllah.563
Ай бұрын
China give loans of more than 3 trillions dollor over 160 countries of world at the interest rate between 3.5% to 7% . The annual interest return may be passed 200 billion us dollor . Therefore china no need for fdi anymore and have lot of money to run its factories to produce very cheep products. And this is very dangerous for us and western countries . Therefore grandma yellen is feeling very very confusing situation for us billioners. Because she has no feeling for poor Americans
@leanlifer
Ай бұрын
domestic consumptions?
@mariajiao4855
Ай бұрын
@@leanlifer Don't talk to him. He is a troll
@abdiganiaden
Ай бұрын
@@leanlifer where is domestic consumption? There’s deflation going on
@Rav01508
Ай бұрын
Lastchang member unemployed indian bot