China’s Economy Shows Fresh Signs of Weakness | Vantage with Palki Sharma
The Chinese economy is showing more signs of weakness. Households are spending less, and businesses are reluctant to expand.
Beijing has now rolled out a new set of measures to revive growth. Will they be effective? Palki Sharma decodes.
China | Economy | Weak Growth | Firstpost | World News | Vantage | Palki Sharma
#china #economy #weakgrowth #palkisharma #firstpost #vantageonfirstpost #worldnews
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China’s Economy Shows Fresh Signs of Weakness
China, the world’s second-largest economy, has been facing a slowdown in recent years. However, new data suggests that the country’s economic woes are deepening, raising concerns about its impact on the global market.
One of the key indicators of China’s economic health is its industrial production. In August, industrial output grew at its slowest rate in 17 years, indicating that manufacturing activity is faltering. This slowdown has been attributed to both domestic factors, such as reduced investment and consumer spending, as well as external pressures, including the trade war with the United States.
China’s trade data also paints a grim picture. August exports dropped by 1% compared to the previous year, while imports fell by 5.6%. This decline in both exports and imports reflects weakened global demand as well as China’s shift towards domestic consumption-led growth. However, this internal shift has not been able to compensate for the lost export revenues, leading to a wider trade surplus.
Furthermore, investment growth in China has also hit a record low. Fixed-asset investments, a key driver of economic growth, grew by only 5.5% in the first eight months of 2019, the slowest pace in nearly 20 years. This decline is mainly attributed to reduced infrastructure spending by local governments as they focus on improving the quality of growth rather than just quantity.
Consumer spending, another crucial component of China’s economy, is also slowing down. Retail sales, while still growing, expanded by 7.5% in August, the slowest pace since 2004. This reflects weak consumer confidence as Chinese households face rising debt levels and concerns about the overall economic outlook.
The Chinese government is well aware of the challenges facing its economy and has implemented various measures to counter the slowdown. These include tax cuts, reduced reserve requirements for banks, and increased infrastructure spending. However, the impact of these policies has been limited, and it remains to be seen if they can prop up the faltering economy.
The effects of China’s economic slowdown are not limited to its own borders. As was witnessed during the global financial crisis, China is a major player in the global market, and any significant slowdown can have ripple effects worldwide. Falling industrial production and trade volumes not only affect global supply chains but also dampen investor sentiment and weigh on global economic growth prospects.
In conclusion, China’s economy is showing fresh signs of weakness, with various indicators pointing to a deepening slowdown. The government’s efforts to boost growth have yet to produce significant results. Investors and policymakers around the world will closely watch how China navigates these challenges and their potential impact on the global economy.
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COERCING AND GIVING FREEBIES IS JUST ANOTHER WAY OF SWAYING INVESTORS, HEHEHE AND MISLEADING.
IT'S STRESSFUL TO BE FAKE PRETENTIOUS, FOREVER !
https://www.youtube.com/watch?v=uIPAUsP2lqM : China’s Manufacturing Capital Is Doomed, Once Producing 1/4 of the World’s Smartphones -Donguang
https://www.youtube.com/watch?v=gegFRxyKGmo : Here's a mind-blowing statistic: In 2022, the average disposable income of Shanghai residents rose by a meagre 2 percent, a stark contrast to last year's 8 percent. Not only did this figure fail to outpace local GDP growth, but individual consumption fell by 5.8 percent. From Hongqiao Station to the pedestrian Nanjing Road and Shanghai Railway Station, these various commercial centres are all struggling. Whether large corporations or small businesses, the enthusiasm has fizzled out.
#shanghai #chinaeconomy #chinaobserver
I hope India is not buying into all the hype about China's economy is all bad and things are about to fall apart. Chinese economy may not be doing that good now but it is not going to fall off the cliff. India is getting hyped up to make it fight China for them. Believe me if you fall into that trap you will end up like Pakistan. And Indian economic numbers are not that great as being presented by current govt. and most financial institutions know that. You are doing good and don't get into the trap of American conquer and divide stuff. India and China need corporate and live along side.
Bailout usually means printing money. Printing money degrades the value of the currency. It is not a long term solution. It causes inflation. Higher prices for everything. It is basically giving the citizens a decrease in pay ( the value of their money) and giving it to corporations and big business to prop them up because the citizens aren't spending. Better to allow a natural solution which is to allow business to fail as the economy balances out. There is always a settling point and then the economy moves on.
China has been doing great for years due in part by western investment that is going bye bye, so now China will attack Taiwan to divert attention from a poor economy.
if chinese economy fails, the world will goes into depression…. not recession.
This propaganda pushing fake is obsessed with China because she want to hide India's numerous internal problems,
If the media houses think that the audience is stupid when it comes to creating news, then it is stupid. Do you know how many top US diplomats went to China for talks in these two months? Is it because the Chinese economy is collapsing? Indians always make news out of hatred and jealousy. Because of this, no country in the world accepts India as a trustworthy country. They think they are playing the double game perfectly. But everyone knows the double act of India.
Weak people only talk about others, china is the future.
Foreign investment leaving, high commercial debt, and quickly shrinking job opportunities for college graduates. The CCP is concentrated on the wrong things when all they want to do is control the messaging on their country with their new crackdown rules.
Impeach Xi jinping, and return all invaded territories bu china
China gonna be next norkor hahaha
China, if you wanna challenge the God Almighty, do it. Let see what happen next.
If China succeeded in eradicating poverty they certainly can solve this small problems… India should eradicate her poverty and slums population…
Interesting , a number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 60, I would appreciate any advice on potential investments.
Alway funny to see how these developing countries think their growth is so impressive. No shit sherlock. You're doing the catch up game. While the West had to develop for over 300 years to where it is now. Doing all the hard work in developing economical and political system that work and dont work by trial. Doing massive amounts of research and developtment. Coming up with modern medicine (that extended lives of humans double!). From electricity, lights, nuclear power, cars, airplanes, internet, computer, mettalurgy, industrial production, telescope, microscope, space exploration, chips, conductors, etc.. the list is endless of inventions. All these things to massive amounts of work to achieve and research. And these developing countries like India and China. The only thing that they have to do is copy that hard work. No shit you can show 'impressive' growth.