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tsuabing2

15 karma · joined September 9, 2018

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tsuabing2··on Beijing’s Three Options: Unemployment, Debt, or Wealth Transfers
That’s naive and uninformed. Many Chinese political elites not on the side of Xin jing ping have been jailed and killed in recent years under the guise of corruption. Many corporate elites have been quarantined, jailed or killed, such as head of HNA and Wanda.

The only elite safe is xinjingping. Because he is the dictator

tsuabing2··on Beijing’s Three Options: Unemployment, Debt, or Wealth Transfers
> China exceeded their economic growth target for 2018 in April when their economy hit 6.8% growth

Wrong. Fake GDP. It's estimated that 1/3 of their GDP is wasteful government spending. Many of their provinces also have confessed to 20-30% fake GDP, thus another 1/3 of their gdp is fake. https://www.bloomberg.com/news/articles/2018-01-19/this-is-h... https://www.investors.com/politics/editorials/new-study-shin... so we're looking at maybe 1-2% gdp growth, and maybe their GDP is only about 70% of what they claim (9T vs 13T)

> Their wages are steadily increasing.

Wrong. Chinese graduates salaries have fallen for second year in a row. https://www.ft.com/content/fb5865e4-4993-11e7-919a-1e14ce4af....

> Their internal market is the healthiest of any g20 economy

Wrong. Consumer spending growth declined. https://www.google.com/search?q=chinese+spending+down&rlz=1C... . Beijing rent increased 25% !!! in july year over year. That's not a healthy sign of any economy. https://www.ft.com/content/6324fc2a-a445-11e8-8ecf-a7ae1beff... . and now we know Chinese consumers are taking on too much personal debt https://www.bloomberg.com/view/articles/2018-02-15/chinese-c...

And did you forget China is about to be hit with tariffs from US on 200B worth, soon to be 500B? when their economy is export oriented?

> Investments both internally and internationally are up

Wrong. Yuan has lost 12% this year. Chinese stock market has crashed 30% this year. That's not a sign of increasing FDI. that's FDI leaving and screaming

> On top of that they haven’t touched retirement age

Wrong. Chinese demographics looks horrible, and will reach peak in 2025. Their population will shrink 1/3 in the next 60 years.