Official statistics say that China’s exports for May grew at their fastest pace in more than a year despite trade tensions, though imports fell short of analyst expectations.
  • beaxingu@kbin.run
    1·
    5 months ago

    the Chinese economy is as fake as any economy can get and non of there numbers are actually public like you would have in a democracy there a dictatorship that can make up any numbers they want.

      • beaxingu@kbin.run
        11·
        5 months ago

        hey now its almost like dictatorships can manipulate there economy’s in ways democracy’s cant. like jacking up your GDP numbers by building a whole lot of unnecessary shit and then crashing your property market because that’s obviously unsustainable . like temperately making your war economy look good by building a lot of shit that blows up. and this is only temperately because its shit that blows up.

        • carl_marks[use name]@lemmy.ml
          01·
          5 months ago

          hey now its almost like dictatorships can manipulate there economy’s in ways democracy’s cant.

          hey it’s almost like you think that you’re smarter than economists sitting in WTO, etc.

          like jacking up your GDP numbers

          US https://www.statista.com/statistics/248004/percentage-added-to-the-us-gdp-by-industry/ China https://www.statista.com/statistics/1124008/china-composition-of-gdp-by-industry/

          It’s easier to jack GDP with finance than industry…

          building a whole lot of unnecessary shit and then crashing your property market because that’s obviously unsustainable

          Infrastructure isn’t “unnecessary shit”. e.g. ghost cities filled up The chinese property market was experiencing a bubble due to overspeculation and mismanagement by firms like evergrande. As a result rents and property prices started to skyrocket. You’re probably shocked to learn that communists don’t like high rents and let the bubble crash and (unlike in the US handled their housing bubbles) left investors holding the bag. Because libs like you confuse the stockmarket with economy, you obv think it’s crashing…

          like temperately making your war economy look good by building a lot of shit that blows up. and this is only temperately because its shit that blows up.

          wat?

          • beaxingu@kbin.run
            01·
            5 months ago

            where do you think these economists get there numbers?. its almost like they get them from the Chinese government. its like giving yourself good grades. that’s why there are these round about ways to try and find out what the real numbers are because you know dictatorships are not that transparent about how they get there numbers. they overbuild all infrastructure not just property that’s just one big example these firms could only do this because the Chinese government incentivized it with cheap loans that’s why these firms could even get these big debs in the first place. the bubble only burst once they put in rules to stop them from creating so much debt. the property marked became the stock market because the Chinese stock marked was so volatile that was the incentive to speculate for normal people.

            Russia.