🆘 China's Q2 GDP growth slows to 0.8% q/q, just above expectations Youth unemployment hit record high of 21.3% in June)

[CIA Mole]

Cheer for your masters again? I always mention that no one can best US in money printing.

china has half gdp but 2x money supply

 

[beijingwalker]

china has half gdp but 2x money supply

Dollars or Yuan

 

[GreatHanWarrior]

View attachment 939295


u don’t actually care about what’s true do you

Your American parents need China.

 

[F-22Raptor]

In 2023, China's GDP is projected to be $19.12 trillion. U.S. GDP is projected to be $25.88 trillion.

The current CNY rate has appreciated to 7.17.

Even if China grew to 130 trillion yuan, due to currency exchange rate, that’s still only $18.1T.

The IMF projected in April that US GDP will grow to $26.9T, but since US growth is exceeding expectations US GDP may grow to near $27.5T.

 

[beijingwalker]

Even if China grew to 130 trillion yuan, due to currency exchange rate, that’s still only $18.1T.

The IMF projected in April that US GDP will grow to $26.9T, but since US growth is exceeding expectations US GDP may grow to near $27.5T.

US money is only on paper, while couldn't even provide funds to fix its ever dilapidated infra, you guys pay rip off price for everything, this is real US.

 

[kankan326]

View attachment 939295


u don’t actually care about what’s true do you

But there was no big inflation in recent 10 years in China. It proves the market needs more money. Or in another word more fortune has been created

 

[MH.Yang]

Even if China grew to 130 trillion yuan, due to currency exchange rate, that’s still only $18.1T.

The IMF projected in April that US GDP will grow to $26.9T, but since US growth is exceeding expectations US GDP may grow to near $27.5T.

You think 7.17 is a normal rate? The Fed is about to stop raising interest rates and the exchange rate will soon return to normal. With US treasury numbers that crazy, the Fed can't maintain high rates and a strong dollar for long.

china has half gdp but 2x money supply

If what you say is true, then we should be in inflation right now, not deflation.

In fact, you should carefully analyze China's M2 calculation method, which is actually M3 for western countries.

 

[MeFishToo]

US money is only on paper, while couldn't even provide funds to fix its ever dilapidated infra, you guys pay rip off price for everything, this is real US.

Some would argue the chinese GDP is only on paper too.
But check this, its interesting. Industrialization changed the world completely, and having a large population suddenly meant nothing.

 

[Han Patriot]

6.3% is a huge underperformance considering Chinas Covid lockdown base effect from Q2 last year. In reality, China is growing sub 3%.

Lower base? Mate, we were still groqing at 3% annually even during the worst of covid. Did you forget about how we grew 10%+ in 2021 when you guys were burning? For gods sake, only Shanghai was under 2.5 months of lockdown, not the whole country.

Apparently growing at 6% is now BAD! For H1 2023,China grew 5.5% yoy. Journalism is now dead, they create headlines so cheerleaders can cheer. If in Q1 i grew at 9% and Q2 i grew at 9.1%,what does that mean? I only grew 0.1% qoq? Wtf man

 

[xyxmt]

For the Indians and Americans in this thread, let's be clear about what "q/q" and "y/y" mean.


"q/q" is a comparison with the growth rate of the previous quarter.

"y/y" is a comparison to the second quarter of last year.


China grew 6.3% in the second quarter.

That's the real GDP growth rate.

you must give time for Indian's celebration before you burst their bubble!!

 

[CallSignMaverick]

You think 7.17 is a normal rate? The Fed is about to stop raising interest rates and the exchange rate will soon return to normal. With US treasury numbers that crazy, the Fed can't maintain high rates and a strong dollar for long.

I doubt it will happen anytime soon

you must give time for Indian's celebration before you burst their bubble!!

Yup, I'm sure of a double digit nominal growth.

 

[StraightEdge]

The IMF projected in April that US GDP will grow to $26.9T, but since US growth is exceeding expectations US GDP may grow to near $27.5T.

This is nominal GDP, meaning this also includes growth attributed to inflation.

The real GDP growth was mere 5.9% and 2.1% in FY2021-2022. But the nominal GDP increase is $4.5 Trillion. Most of it is due to inflation.

The real GDP growth has been only $1.5trillion in past 2 FY, rest is just inflation. You should read your own gov data from BEA.

gdplev.xlsx (live.com)

BTW, you'll be paying more than trillion every year only in servicing debt interest.

US Federal Debt Interest Payments About To Hit $1 Trillion

 

[CIA Mole]

Dollars or Yuan

But there was no big inflation in recent 10 years in China. It proves the market needs more money. Or in another word more fortune has been created

You think 7.17 is a normal rate? The Fed is about to stop raising interest rates and the exchange rate will soon return to normal. With US treasury numbers that crazy, the Fed can't maintain high rates and a strong dollar for long.


If what you say is true, then we should be in inflation right now, not deflation.

In fact, you should carefully analyze China's M2 calculation method, which is actually M3 for western countries.

lol ur housing prices isnt inflation? commie govt isnt expensive?

where do you think all ur money went?

 

[kankan326]

lol ur housing prices isnt inflation? commie govt isnt expensive?

where do you think all ur money went?

Economic rise leads to real estate price rise. This is not inflation. China's GDP doubled in recent 10 years.

 

[CIA Mole]

Economic rise leads to real estate price rise. This is not inflation. China's GDP doubled in recent 10 years.

only in shitholes and dirty commie feudal land does house cost lifetime worth of salary