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.@JoeBiden America's GDP growth was 5.6% meanwhile with your help China's GDP grew by 8.1% for the most growth in more than 10 yrs.https://t.co/Iz0bwgrvZc Nice job helping our biggest enemy with their economy. What is your percentage of that increase after taxes. @Unitedminingal— UMA (@Unitedminingal) January 17, 2022
8.1% ?— US-China Menu?????????????????? (@US_China_Menu) January 17, 2022
* With Evergrande "Crisis"
* With Coal Shortage
* With Tech Sector "Crack-down"
* With No Foreign Tourism
* With stagnant "Total Factor Productivity"
When the West gives financial advice, ignore it.
They're looking out for their interests.https://t.co/a2i6VW9pGS
#Economics #China #GDP +8.1%, even after the positive performance in 2020 (+2.2%)— Prof Michele Geraci, fmr Undersecretary of State (@michele_geraci) January 17, 2022
China's economies faces challenges but, unlike many other countries, Europe included, they address them and in most cases solve them
And the system remains stablehttps://t.co/ImBN5sVqMR
Yep the mainstream media angle is to just ignore the 8.1% and focus on the last quarter, hence CNN runs its opening paragraph with: "deepening real estate crisis, renewed Covid outbreaks and Beijing's strict no-tolerance approach to controlling the virus"https://t.co/j0ADcpslxa— Tom Fowdy (@Tom_Fowdy) January 17, 2022
1/2— Michael Pettis (@michaelxpettis) January 17, 2022
Good article. Among other things it cites Li Daokui's December speech in which he warned of difficulties ahead: "Looking at the next five years as a whole, it may be the most difficult period since our reform and opening up 40 years ago."https://t.co/JEr8uKe9J8
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