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© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.China factory activity slows, adding to economic strains
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TaiwanIsNotChina
Yes, China's rise is inevitable (as is it's aging out into middle income).
1glenn
Read an article earlier this evening that stated that Chinese production in May had unexpectedly risen, not fallen. I guess we will just have to wait and see.
Clay
Imagine how bad it must be outside China?! China's recent inflation print only approx. 1%, retail sales up almost 19% etc.= 18% real increase in retails sales.
EU, Japan, US, etc., Very High Inflation compared to historical norms, especially EU and retail spending all strongly negative on inflation-adjusted basis.
Only thing keeping recession officially at bay in West is massive Govt. spending but winding down due to elevated inflation. Chinese Govt. spending increasing with GDP growth expected to top 5% this year, while EU, US and Japan struggle with Stagflation setting in.
No Surprise China's export of manufactured goods slowing, West's in private sector recession!
lostrune2
This was issued by the Chinese agency itself:
"The monthly Purchasing Managers' Index issued by the national statistics agency and an industry group retreated to 48.4 from April's 49.2 on a 100-point scale. Numbers below 50 show activity declining."
(If ya don't want to believe them, it's understandable)
But it's not just the manufacturing. Real estate, youth unemployment, deflation, etc. have gotten worse:
World Socialist Web Site: "Significant signs of slowdown in Chinese economy"
https://www.wsws.org/en/articles/2023/05/18/jzyi-m18.html
TokyoLiving
China's GDP still growing..
Pathetic west near recession.. Lol..
GO CHINA!!!..
lostrune2
And yet, their GDPs are still growing
TaiwanIsNotChina
And yet we're not reduced to pushing a black is white narrative.