Monday, April 18, 2022

What do despots do when the economy sucks? War!-----Chinese Slowdown, Much More Than COVID - ZubuBrothers

Chinese Slowdown, Much More Than COVID - ZubuBrothers link
  • The most recent macroeconomic figures show that the Chinese slowdown is much more severe than expected and not only attributable to the covid-19 lockdowns.
"The lockdowns have an enormous impact. 
26 of 31 China mainland provinces have rising covid cases and the fear of a Shanghai-style lockdown is enormous. 
...We must remember that there are two ways in which the Chinese government “boosts” real GDP: By publishing a low inflation and GDP deflator figure and by massively increasing credit and infrastructure spending. 
However, those two cannot disguise the importance of the weakening of the Chinese economy, because it is now structural.
The collapse of the real estate bubble is the biggest problem...Read all.

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