... But debt worries have kept a leash on China’s stimulus tap. Net fiscal stimulus unveiled so this year amounted to just over 4 trillion yuan ($571.76 billion), much restrained compared the spending burst in other major economies including the United States and Japan.
The Institute of International Finance estimates China’s total debt rose to 317% of gross domestic product in the first quarter of 2020, up from 300% in late 2019 and the largest quarterly increase on record.
The industrial economy offered some hope for the nation as it tries to regain its footing, with output in the vast sector rising 4.8% in June from a year earlier, the third straight month of growth, the data showed, quickening from a 4.4% rise in May. ...
... Fixed asset investment fell a less-than-expected 3.1% in the first half from the same period in 2019, moderating from a 6.3% decline in the first five months, while real estate investment growth also quickened to 8.5% in June, thanks to the credit boost.
While the International Monetary Fund has forecast China to expand 1.0% for the full year, the only major economy expected to report growth in 2020, many analysts caution about the outlook. ...
If China where fudging their infection and death numbers of the Trump Flu , We would find out, I bet the whole USA intelligence agency has been madly scrambling in China for the last 9 months to find the evidence to back Trumps mad ravings......If you actually believe any CCP data you're a fool. Furthermore, Chinese economic figures, even if true are powered by salve labour (literally Uyghur slaves) and even their voluntary workers are forced into abhorrent conditions. Anti-suicide nets around factories???
I'm very suspicious of anyone who crows about China's supremacy over the west.
Because Trump is solely responsible for the most infection and Deaths from Covid-19......and the idiot keeps calling it the Flu.....I was referring to their economic figures, not Covid. On Covid, there are certain advantages a police state has during a pandemic.
Why do you call it the Trump virus, did you hear some far left pendant call it that and think it's clever?
Lots of other countries that are not police states have been very good at controlling Trump Flu numbers.....China is just one....
Because Trump is solely responsible for the most infection and Deaths from Covid-19......and the idiot keeps calling it the Flu.....
he also keeps calling it the China Flu... really it was only first detected there.....USA have been the champions for the Virus though.....
Nope just his handling of C-19Before we go any further, are you interested in nuanced answers to complex problems, or do you want to hold your breath and shout that Trump is to blame for every problem ever ever ever?
Until this cycle of ultra partisanship (which I blame both sides of politics for) cools down, pandemics will be hard to control.
Even then his every response was about how it effected HIM and his chance of being reelected, not concern for his people...This hasn't changed....
OH yeah.. SLAVES are at the base of chinese productivity. A bit like the US way back when. Not the whites, but the slaves made the US, just as they now power China. Sorry US, you can't have slaves anymore.If you actually believe any CCP data you're a fool. Furthermore, Chinese economic figures, even if true are powered by salve labour (literally Uyghur slaves) and even their voluntary workers are forced into abhorrent conditions. Anti-suicide nets around factories???
I'm very suspicious of anyone who crows about China's supremacy over the west.
yeah when C-19 first started , Trump was still very pro China saying they had it all under control and what great leadership they had, when the deal went sour it became the China Flu and all the sudden they became the enemy...Trump was trying to get china to agree to buy more US products, and acknowledging the china virus or closing the borders put that at risk. What he failed to understand was that doing nothing would lead to the same result. He'd hoped he'd be able to claim he had a deal with china ... that was more important to him than saving lives