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China's factory output at lowest in two years

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With marked slowing economic activity, sinking business confidence and downward PMIs, we'll watch to see if they let the yuan sink, or they quickly start pumping and throwing around more stimulus cash far and wide, and urging/pleading/making the poor average domestic consumer to spend like crazy people. Stay tuned.

2 ( +2 / -0 )

The CCPs restrictions on tech companies and their forced shedding of some of their operations has caused large layoffs in the Chinese tech sector. It has also called into question whether the new crop of university graduates coming into the job market this May and June will be able to find work. By some estimates China's tech sector and real estate / construction sectors have shed upwards of $1 Trillion in market capitalization this past year. Xi Jinping has suggested that the CCP will back off the crackdown on the tech sector but the damage may be irreversible at this point. It is not all too obvious that nobody really owns anything in China and you make money only with the blessing of the CCP.

4 ( +4 / -0 )

China is tierd of making cheap junk for the west anyway.

A mountain of dept that hasn't been paid yet .

With a tariff war going on.

-2 ( +0 / -2 )

They have their Belt and Road project up their sleeves. It’s only 60% of world trade, so I think they will be fine.

-2 ( +1 / -3 )

. It’s only 60% of world trade, 

No. Good gracious don't exaggerate. China accounts for about 12 1/2% of the worlds trade.

2 ( +2 / -0 )

If you scroll down to slide 58 of 136 on this pdf in the link below you find that China is the top merchandise exporter with a 14.7% share of global exports while the US is no 2 with an 8.1 % share. The positions reverse for global imports with the US the number one importer at 13.5 % of the global total and China just below it at 11.5 5 of global imports. Germany is the third largest exporter and importer. Japan is the number 5 importer and exporter of merchandise.

https://www.wto.org/english/res_e/statis_e/wts2021_e/wts2021_e.pdf

If you go down to slide 60 you see the US is the number one exporter and importer of commercial services with the UK the number two exporter and China the number two importer.

2 ( +2 / -0 )

Good. I hope it continues to go down. Less low quality goods made with non-recyclable materials that end up in landfills is a positive. Hooray

1 ( +1 / -0 )

The free world has spoken : no more cheap, shoddy Chinese goods that end up in landfill within 2 or 3 uses.

We are past the peak of Communist China, thankfully.

1 ( +1 / -0 )

Believe it of not, it would benefit China greatly economically if Russia's war against Ukraine ended in April.

0 ( +0 / -0 )

If you look at the Spanish, the Dutch, the English, and the Americans, the common denominators of the world superpowers are trade, military, and money. It’s clear China has all three and it won’t let military adventures be its Achilles heel.

The US has deficits and the military budget is a welfare program for the MIC. The wealth is being challenged as other alternative currencies are being considered.

China is filled with engineer and science majors like the way US colleges has humanities majors writing essays about ghosts, monsters or ponds who then end up being lawyers reading contracts and writing memoranda until they discover their true passion.

China controls the raw materials that is used for producing 1nm in the chip industry. It doesn’t matter if TSMC has factories in the US if they can’t buy from China. China will use its leverage.

0 ( +0 / -0 )

China's factory output slumped to its lowest in two years in March, independent data showed Friday,

Headed in the right direction. Downwards.

We are past the peak of Communist China, thankfully.

Nowhere to go for China but down.

0 ( +0 / -0 )

China is filled with engineer and science majors like the way US colleges has humanities majors

You paint a highly unrealistic picture. True story. My wife is from Shanghai. She tried to get into universities there but her family was poor and she didn't have the "red envelope", cash gifts in China are given in ceremonial red envelopes, to give the admissions staff to gain admission to the schools she applied to or to get the classes she wanted. She had the grades and the test scores and notionally the schools were free to her, but the admissions staff all wanted their red envelope. Same thing with the professors. Want a passing grade? Red envelope please. What you get coming out of the Chinese engineering schools are mostly not of the caliber coming out of western engineering schools. She later earned her BSEE from a well regarded state college in the US. Her upper division classes were taught by working engineers in the US aerospace industry. Sometimes a professor would have to reschedule or even miss a class because they had a test event at their aerospace job. Now she works for the US aerospace industry excelling at modeling and simulation. China's loss. But her peers in China did not have to work as hard as her. Not even close. As long as you had the red envelope you were spoon fed and protected from failure. That is what is coming out of Chinese engineering schools and you can often see it in their products.

0 ( +0 / -0 )

China controls the raw materials that is used for producing 1nm in the chip industry. It doesn’t matter if TSMC has factories in the US if they can’t buy from China. China will use its leverage.

That isn't true either. China deliberately subsidized their rare earth industry to undercut the price every other nation mining those minerals could supply them at and forced them out of business. But those minerals exist in abundance really all around the world.

0 ( +0 / -0 )

If you look at the Spanish, the Dutch, the English, and the Americans, the common denominators of the world superpowers are trade, military, and money. It’s clear China has all three and it won’t let military adventures be its Achilles heel.

What will bring China down are its demographics. China is not anyone's destination for immigration. Their Total Fertility Rate is falling every year and is among the worlds lowest. Their working age population peaked in 2014 and has declined ever since. Their absolute population peaked last year. It is all downhill from here. The US doesn't have a high TFR either but it makes up for it with immigration. That also keeps the US population younger than that of China or most other developed Asian nations. China is at its peak right now. It will soon become apparent they are entering a long period of gradual decline. In twenty years as their population declines and ages they won't appear so fearsome.

0 ( +0 / -0 )

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