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It will be very interesting to see how the CCP navigates this coming recession.
by datadrivenangel 3y ago
It will be very interesting to see how the CCP navigates this coming recession.
- berserk1010 3y agoI would call it a Great Depression https://www.forbes.com/sites/miltonezrati/2024/01/22/chinas-economy-has-picked-up-traits-reminiscent-of-the-great-depression/ https://www.forbes.com/sites/miltonezrati/2024/01/22/chinas-.... And the depression probably started in 2021 or 2022.
- bigbillheck 3y ago> And the depression probably started in 2021 or 2022. GDP is generally a bogus metric but it's an odd kind of depression that has a 5% growth in it.
- onlyrealcuzzo 3y agoYou can easily get 5% growth and worse living standards. Expand your balance sheet to pay everyone to dig a hole. GDP goes up. As long as you ignore debt, GDP doesn't really mean anything. Look at China's debt.
- MrPatan 3y agoIs that 5% growth? Or is that a piece of paper with a number "5" in it? There is a difference.
- deleted 3y ago[deleted]
- ffgjgf1 3y ago> odd kind of depression Not so much if you compare it to the original “Great Depression” https://en.m.wikipedia.org/wiki/Long_Depression https://en.m.wikipedia.org/wiki/Long_Depression Of course assuming that 5% even means anything. Look up the Soviet official growth figures from the late 70s and 80s
- enaaem 3y agoLi Keqiang, China’s former premier, doesn’t even look at gdp. It’s for ‘reference only’. https://www.reuters.com/article/idUSTRE6B527D/ https://www.reuters.com/article/idUSTRE6B527D/
- chasd00 3y agomy guess is the CCP will declare it a mild economic correction and anyone saying otherwise will be jailed.