China plans 'great efforts' to consolidate economic recovery

Seeing the latests trends the "great efforts" apparently now include discarding the unsustainable and counterproductive zero covid policy and replacing it with something that don't damage the economy so much. Of course for the CCP the policy is an excellent tool for population control so it would be impossible for them to openly recognize it is being shifted out.

Yes, it includes everything the GOVERNMENT thinks it needs, and nothing else.

Hmmm, no mention of the exploding mortgage boycott in China.

https://www.bloomberg.com/news/articles/2022-07-19/xi-faces-surprise-revolt-from-china-homebuyers-seeking-justice

https://www.reuters.com/world/china/chinas-mortgage-boycott-spurs-shakeout-among-strapped-developers-2022-07-20/

https://fortune.com/2022/07/18/china-housing-market-mortgage-strike-homebuyers-home-loans-boycotts-spread-online/

3 things

before one heaps scorn on the draconian Chinese quarantine measures, one must remember that similar shocking policies were imposed by Singapore, Australia, UK and some of the blue states in the USA (for the last 2 years) only for the same politicians to backpeddle without admitting error. I am sure the Chinese administrators will do no less. They will open up without admitting they screwed up.

second, mortgage boycott is a normal right of flat buyers. When construction is halted progress payments can be withheld. You wouldnt pay too would you if you see the construction of your house stop. The Chinese seem to have diffused an impeding housing crisis that may have triggered their own Lehman shock but media spin increases readership. Just like when Airbnb quit China and said the reason was to protest against Uyghur policies. They were losing money.

Finally, in a global survey (which I cannot remember but was printed in the SCMP) just recently, the Japanese (only 12% like China) were listed as the ones hating the Chinese the most, more than any other nationality on earth, even more than the US or shockingly even the mighty Australia (14% only like China). I wonder why all the venom. It isnt healthy.

"We will make great efforts to consolidate the foundation of economic recovery, strive to stabilize the economy and keep the economic operation within a reasonable range, give priority to ensuring the achievement of the goal of stabilizing employment and prices," state media quoted the cabinet as saying.

Love them or not, they will succeed.

Seeing the latests trends the "great efforts" apparently now include discarding the unsustainable and counterproductive zero covid policy and replacing it with something that don't damage the economy so much. 

So unsustainable they have been succeeding with it for more than 2 years. Contrast with New Zealand and Australia, which are having huge infection rates, in addition to crumbling economies.

Can't argue with facts!

Well, you can, and you can also scream at the clouds in the sky.

So unsustainable they have been succeeding with it for more than 2 years. Contrast with New Zealand and Australia, which are having huge infection rates, in addition to crumbling economies.

Unsustainable because it has no exit strategy as said explicitly by international experts, contrasting it with other countries that have managed to have lower death rates without needing to ever institute this policy, much less had to hide the vast majority of the deaths as the CCP openly does by not recognizing as a covid death any fatality where the patient had any other health problem.

You can't argue against the international experts that openly disqualify the policy as counterproductive and unsustainable.

Unsustainable because it has no exit strategy as said explicitly by international experts, contrasting it with other countries that have managed to have lower death rates without needing to ever institute this policy, much less had to hide the vast majority of the deaths as the CCP openly does by not recognizing as a covid death any fatality where the patient had any other health problem.

This might be true if there were other countries with lower rates, but there aren't.

So, this is false.

You can't argue against the international experts that openly disqualify the policy as counterproductive and unsustainable.

Why? You argue against the international experts that openly support the policy by looking at the available scientific data.

If you want to deny the science, that is your right.

This might be true if there were other countries with lower rates, but there aren't.

Of course there are, even before adjusting the reports to do it in the same way as China does.

When the reports are adjusted and reports of deaths including other diseases are eliminated two dozen countries have lower death rates than China.

Why? You argue against the international experts that openly support the policy by looking at the available scientific data.

You have repeatedly failed to bring any experts. No international expert support the policy but instead call it unjustified, unsustainable or counterproductive.

"Science" that you can't present (not even one reference to an expert) can be ignored without problem, because it does not exist.

BigYenToday  12:52 pm JST

And in what way is the Australian economy “crumbling” especially when compared to others in the developed world? Answer, it isn’t.

Just a few brief examples:

One example, automotive sales are down.

https://www.focus2move.com/australia-vehicles-market/

And KPMG says:

*Headline inflation in the March 2022 quarter was 5.1 percent over the year,** faster than previously anticipated, which significantly affects the economic outlook for the second half of 2022 and 2023.*

https://home.kpmg/au/en/home/insights/2022/06/economic-outlook-global-australia-june-2022.html

BigYenToday  01:39 pm JST

painkiller:

Rising inflation is a worldwide problem and has nothing to do with Covid policies past or present, same goes for declining auto sales. Everyone’s doing it a bit tough at the moment. Australia’s situation is no worse than anyone else’s, and better than many.

Inflation has nothing to do with any Covid policies, worldwide?

And while Australia's auto sales are down, China's domestic auto sales increased during the same period. And China is the only country that has had positive growth throughout the entire Covid crisis, so economically it s doing better than Australia.

So, China will be fine this year. It is just interesting to see Western media try to downplay China's successes while the rest of the world is suffering economically, and some countries, like New Zealand, which went through a recession during the Covid crisis, is also still getting battered with skyrocketing Covid infections, since it eased its zero covid policy.

"Let it Rot " is a very popular saying with the Chinese working class. I can see "Great Efforts" doing zero. At the Bank protest when hire thugs started to run in to brake up the protesters, I notice this middle age women bend down grab a full glass bottle took aim at a thug 15 meters away and squared hit the side of his head. Nailed him good and proper.

BigYenToday  05:27 pm JST

My difference of opinion with you isn’t about China, or even about what Western media say about China. You may well have a point there. It’s about your claim that because of their past Covid policies, the economies of Australia and New Zealand are somehow doing significantly worse than comparable countries. I’ve been hearing that canard for the past two years and more, and it’s no more true now than it was back then.

I am just speaking of China--it is the only country with positive growth throughout the Covid crisis. New Zealand, for example, went into a recession. As for Australia, this article gives some info on Covid affecting Australia's economy::

https://www.abs.gov.au/articles/effects-covid-19-strains-australian-economy

Of course there are, even before adjusting the reports to do it in the same way as China does.

When the reports are adjusted and reports of deaths including other diseases are eliminated two dozen countries have lower death rates than China.

No, and the only mention from you was Antarctica, which, as we know, is not a country.

rocketpigToday  10:19 am JST

3 things

before one heaps scorn on the draconian Chinese quarantine measures, one must remember that similar shocking policies were imposed by Singapore, Australia, UK and some of the blue states in the USA (for the last 2 years)

Exactly; this fact is rarely mentioned in the media.

No chance. Covid Zero is China's version of Brexit - an economy killer. They can at least end Covid Zero, if they choose to, but if they don't, it will just get worse. I guess they could fake the stats even more, but Covid Zero will eventually undermine faith in the CCP as the damage increases.

No, and the only mention from you was Antarctica, which, as we know, is not a country.

Not at all, at least a couple dozens countries are doing better, antartica is just your strawman trying to deflect from being proved wrong by your own sources.

Still no references to international experts supporting the zero covid policy? well that was expected, there are none, exactly the opposite of what you wrote.

Zero trust in the CCP.

Banks - hold & then take your money, you get nothing back (seemingly no government backed deposit guarantees)

Business - whatever you make or market, you will end up being copied, and sold cheaper until you go bust (copyright enforcement lacking)

Real Estate - the buy before build craziness is going to blow up big time, and the mortgage strikes by individuals is although right, going to end up with banks having further issues. As it stands this practice illustrates how weak the Chinese Banking systems controls are.

As for the Economy, the CCP trying to exert its Political influence elsewhere won't help it. Indeed, Smarter Nations should be trying to reduce dependence upon China - particularly in response of the Supply chain issues seen during the Pandemic, but also, what if China decides to cut off commerce to your Country simply because you disagreed with what it was doing ? (A bit like the Nord-Gas situation between Russia and Europe). If Countries don't realize this risk, then they deserve what happens to them.

I am just speaking of China--it is the only country with positive growth throughout the Covid crisis.

China's GDP declined during the 1st quarter of 2020. It also posted a decline in the first quarter of 2022. China did not post positive economic growth throughout the pandemic.

BigYenToday  08:59 am JST

painkiller:

The Covid pandemic strained everyone’s economy, regardless of the measures taken to combat it, including China’s. It caused, and is still causing, widespread disruption. You don’t have an argument, unless you think that all you have to do to prove your point is the constant, tedious repetition of featherweight half-truths.

If your argument is that every country is suffering so no country iOS doing better thn any other, well, that is not the case.

Actually, that is not even what I am discussing.

Back to my original point (and feel free to argue against it):

So, China will be fine this year.(in spite of Covid, and despite zero covid strategy)