//Commentary// China released its latest GDP figure showing strong 6.3 percent year-on-year growth in the second quarter. There is, of course, a low base effect in play, given the 0.4 percent year-over-year growth in 2022Q2. A simple way to adjust such an effect is to sum the two numbers that differ by four quarters. The…
Data With Chinese Characteristics
July 20, 2023
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China’s Q2 GDP Growth Slows to 0.8 Percent as Economic Engines Stall
July 20, 2023
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The Chinese communist regime admitted on July 17 that the GDP growth rate in the second quarter of the year was lower than expected. Observers pointed out that China’s economy is actually in stagnation or even decline, as investment and demand both domestic and foreign continue to weaken, with domestic structural problems predicted to lead…
LIVE NOW: NTD Business (Jan. 17): Twitter Files: Big Pharma Lobbied Over COVID Content; China’s Population Shrinks, 1st Time in 60 Years
The latest Twitter Files drop shows how big pharma tried to influence what content can be seen on social media. How did they do it? The World Economic Forum is putting climate action high on the agenda, but electric vehicle chief Elon Musk isn’t a fan of one of the group’s efforts. Apple is launching…
NTD Business (Jan. 17): Twitter Files: Big Pharma Lobbied Over COVID Content; China’s Population Shrinks, 1st Time in 60 Years
The latest Twitter Files drop shows how big pharma tried to influence what content can be seen on social media. How did they do it? The World Economic Forum is putting climate action high on the agenda, but electric vehicle chief Elon Musk isn’t a fan of one of the group’s efforts. Apple is launching…
Exxon, Chevron Post Blowout Earnings; Fed’s Main Inflation Figure at 40-Year High | NTD Business
Oil companies are posting record revenues, boosted by surging prices for crude oil and natural gas. The Federal Reserve’s favorite inflation figure hits a 40-year high. How does it compare to the more reported-on number? China could be giving up its 5.5 percent GDP target for this year. One analyst labels it a failure. A Chick-fil-A…
China’s Deleveraging Still Has a Long Way to Go
Commentary China’s second-quarter GDP grew only 0.4 percent on a year-over-year basis but contracted 2.6 percent compared to the first quarter. For years I have been reluctant to comment on the fake figures, but now the releases seem more down to the earth. Although the numbers are broadly in line with the proxy-composite PMI, which…
China’s Consumption Continues to Decline, No Specific GDP Growth Target for 2021–2025
The People’s Bank of China (PBoC) released the “February 2022 Financial Statistics Report” on March 11, showing that China’s consumption continued to decline in February. Loans in February decreased by 125.8 billion yuan (about $20.1 billion) year-on-year, of which medium- and long-term loans to residents declined for the first time in the past 15 years….
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