>To the consternation of Chinese censors, a presentation delivered by an economics professor at Renmin University in Beijing sparked a controversy last month when the professor claimed that a secret government research group had estimated China’s growth in gross domestic product could be as low as 1.67% in 2018, far below the official rate.
>Even experts who are skeptical of the official data dismissed the presentation, delivered by a professor Xiang Songzuo, as unrealistic. Yet despite being scrubbed from Chinese social media and the mainland Internet, the presentation has been viewed 1.2 million times on YouTube (clip above), suggesting that Xiang's warnings are resonating with everyday Chinese consumers, who are struggling with one of the worst-performing stock markets of 2018, a collapsing shadow lending sector, a crackdown on China's vast online peer-2-peer lending infrastructure, and a currency that has weakened significantly over the past 12 months.
Don't shoot the messenger. ZH is quoting a FT times article (behind a paywall) and the video from Renmin University.
Jacob Anderson
makes sense, 2016-Now is the restructuring era, trying to turn from a hub of manufacturing dependant on foreign companies to one that manufactures competing products will involve alot of pain
if you pick the right company, now might be a good time to fomo in.
Kayden Stewart
China is going to collapse and the rest of the world will follow
this is a good thing if you care about the long run, china will be forced to stop copying and start competing (for real)
cheap electric cars and 64 core ARM cpus soon fren
William Foster
That's .12% of China's population, practically no one saw the video
Aaron Miller
Question, especially for those with an actual background in economics: GDP growth numbers are being published by the governments of the respective countries, right? But what evidence do we have that those numbers are accurate and truthful? What evidence do we have those numbers aren't manipulated or outright made up?
I mean let's take China as an example. As per tradingeconomics quoting the Bureau of Statistics of China, China had about 6.5% GDP growth in 2018, according to the Professor under 2%. That's a massive and irreconcilable difference.
How do we know other countries claiming similar growth rates (and they are many), aren't lying their asses off as well?
Oliver White
Thing is he has been saying the same shit ever since 2001. Even A broken clock is right twice
Grayson Peterson
Tell me more user. You seem to be familiar with the guy.
Josiah Brooks
You can try and looks at employment, power usage, traffic, or any signs of economic activity to see if it matches the real numbers. I am not sure if it is as low as he has said, but it is telling when the central government tells a providence to stop publishing economic data like it did recently. The economy is a lot worse than being reported. Even news articles initially went from "the trade war isn't going to matter" to "it's hurting America worse", and now currently "It's hurting both and we should compromise for the good of the world".
Justin Hill
Youtube is blocked in China.
Parker Foster
i will never in a million years buy a chinese car or use a gook cpu
Gabriel Ross
>You can try and looks at employment, power usage, traffic, or any signs of economic activity to see if it matches the real numbers. I understand the theory (more traffic, power usage etc = more GDP growth) but how can you predict it accurately? Is there a formula of sorts?
>Even news articles initially went from "the trade war isn't going to matter" to "it's hurting America worse", and now currently "It's hurting both and we should compromise for the good of the world". Interesting.
Dylan Russell
No, it is a terrible thing (if true).. With economic decline comes political turmoil, luckily for China then they have more or less completed the transformation into a dictatorship and they will be more than ready to quell civil unrest. The problem is that they may begin to assign blame for there domestic problems onto foreign nations. This could lead to devastating cyber attacks onto the west, or casual invasion of some of their neighboring countries (generating economic instability and massive floods of refugees).
Jaxson Wilson
There are models investment banks and think groups use to get a trading information. It can be worth billions. Usually by the time it makes the news, the money movers already know.
Tyler Perez
Chinese always cheat. Don't trust them. You can get some of the truth by looking at their consumption of foreign products made in other countries, but its a total blackhole in state-owned enterprise local stuff. Lots of stories lately about chinese getting the new year off months early or taking trains out of the city's but who knows how bad it is. They will censor bad news and lie about every number. >other countries USA has the SEC that forces companies to publicly show their numbers and send em to jail if they lie. Even if they pull an Apple and try to hide phone sales, analysts will eventually find the number. BLS gets a lot of flak but their reports aren't wildly different from what public analysts and exports/imports show. Globally, USA runs the show so everyone follows our rules if they want USA banks to invest. >shady shit McKinsey + Goldman Sachs is what you're looking for. They lie their ass off in third world hellholes constantly. Look up the belt and road horseshit they pulled.
Liam Price
Lol the US has 500 years of oil and LNG. We are going to have the roaring 20s again
Luis Allen
>"THIS WILL BE THE END OF CHINA AND THE CCP" says increasingly nervous man for the millionth time this decade
Dylan Watson
America's power and wealth comes from its control over the global finance system. Remove that and it goes back to being a backwater shithole like it as in the early 20th century.
Joshua Bailey
>China is underperforming >this is the end of china Only the retards say that
Logan Price
Hes gonna get detained by the people's police indefinitely now.
