China’s Economy Takes a Deeper Hit as Retail Sales Turn Negative

[F-22Raptor]

HONG KONG—China’s economy sank into a deeper funk last month as the weight of strict zero-Covid measures, a real-estate downturn and sinking export demand underscored the difficulties of rekindling growth amid tighter government regulations and a worsening global economy.

New data released Tuesday showed economic activity cooling across the board in October. Retail sales contracted unexpectedly for the first time in five months as factory output growth slowed and a pullback in real-estate investment accelerated.

China’s Economy Takes a Deeper Hit as Retail Sales Turn Negative

China’s economy sank further last month as the weight of strict zero-Covid measures, a real-estate downturn and sinking export demand showed the difficulties of rekindling growth.

www.wsj.com

 

[S10]

That's what happens when you have an idiotic leader that decided to die on the Zero COVID hill along with his little pink trolls. Shit is starting to cook off and they still think they're safe in their little alt reality.

Some in my hometown Guangzhou is already in open riot. My wife's retired elementary school teacher in Wuhan said she hasn't received her pension in 2 months because all funding is going to COVID testing and quarantine.

Remember, the public is always just 3 meals away from rebellions.

 

[tower9]

That's what happens when you have an idiotic leader that decided to die on the Zero COVID hill along with his little pink trolls. Shit is starting to cook off and they still think they're safe in their little alt reality.

Some in my hometown Guangzhou is already in open riot. My wife's retired elementary school teacher in Wuhan said she hasn't received her pension in 2 months because all funding is going to COVID testing and quarantine.

Remember, the public is always just 3 meals away from rebellions.

It is due to high level autism on the part of their government. You can see the autism in some of the Chinese members here too. No sense of situational awareness about a lot of things.

 

[S10]

It is due to high level autism on the part of their government. You can see the autism in some of the Chinese members here too. No sense of situational awareness about a lot of things.

Honestly, I don't see a happy ending for Xi. I just hope he doesn't drag the rest of the country along when he goes down. He cannot stand criticism or dissent, so he only has yes men left that praise his every move even when it leads to ruin.

There was a little pink idiot here last week telling me how China's economy is doing great because of export numbers. The retard doesn't realize export is only about 25% of China's economy and domestic consumption is in the sewers.

 

[tower9]

Honestly, I don't see a happy ending for Xi. I just hope he doesn't drag the rest of the country along when he goes down. He cannot stand criticism or dissent, so he only has yes men left that praise his every move even when it leads to ruin.

There was a little pink idiot here last week telling me how China's economy is doing great because of export numbers. The retard doesn't realize export is only about 25% of China's economy and domestic consumption is in the sewers.

True. But he's lucky because the leaders of the West are even bigger idiots, so he'll probably still end up ok in comparison.

 

[Valar.]

Around 60% of Pakistanis are vaccinated.

Most of us are vaccinated with Chinese vaccines.

Entire Pakistan is open. Rallies, political gatherings, Eid shopping, Eid, Independence day celebrations, weddings etc etc. Nobody wears masks, nobody cares. Last time I wore mask was back in March/April.

And yet nothing happens. There is no corona anymore. Hardly 50 cases per day and hardly 1-2 deaths per week.

China should open up.

 

[S10]

Around 60% of Pakistanis are vaccinated.

Most of us are vaccinated with Chinese vaccines.

Entire Pakistan is open. Rallies, political gatherings, Eid shopping, Eid, Independence day celebrations, weddings etc etc. Nobody wears masks, nobody cares. Last time I wore mask was back in March/April.

And yet nothing happens. There is no corona anymore. Hardly 50 cases per day and hardly 1-2 deaths per week.

China should open up.

Xi failed the country in 3 ways.

1. He failed to use the time buffer from Zero COVID to properly roll out vaccination efforts. As a result, vaccination rates in elderly are abysmally low so they're going to get hit hard if China opens up today.

2. He used the low number of deaths compared to US/EU as a selling point for his third term. If he changed course, that means admitting his previous approach was wrong. He cannot stand to lose face.

3. China's vaccine is less effective at protecting against newer variants of COVID. To preserve his "China best" pride, Xi refused to import more effective Pfizer or Moderna ones.

Now he's dragging China along on his short bus. CPC officials love to accuse US of politicalizing the pandemic, but they're doing it plenty on their own.