'cookieChoices = {};'

... Whenever any Form of Government becomes destructive of these ends,
it is the Right of the People to alter or to abolish it,
and to institute new Government ...

Sunday, January 19, 2020

Bubble Bath: China's Economy is Growing at It’s Slowest Rate in 30 Years – Prognosis For Future Doesn’t Look Good

China Economy is Growing at It’s Slowest Rate in 30 Years – Prognosis For Future Doesn’t Look Good

The BBC reported this week that official China figures are out and the news is scary: 
China’s economy grew last year at the slowest pace in almost three decades. Official figures show that the world’s second largest economy expanded by 6.1% in 2019 from the year before – the worst figure in 29 years. 
The country has faced weak domestic demand and the impact of the bitter trade war with the US. 
The government has been rolling out measures over the past two years in an attempt to boost growth. 
It comes after almost two years of trade tensions with the US – although hopes of a better relationship with America have seen improvements in manufacturing and business confidence data.
"The Government has been rolling out measures" means, China is attempting to boost it's economy by fraudulently pumping government money into corporations which can't really make a profit on their own.

Many of China's corporations are, at least in part, government-owned.  Therefore, rather than being Businesses in the traditional sense, they are more like our DMV, or our Department of Education, tax-money-swilling leeches, not profit-generating Capitalist enterprises.

China's GDP growth, therefore, is fraudulent. It is fake news, based upon a Press Release put out by the Communist Party.

Add to that that most of the "Innovation" of the Chinese economy is based upon American ideas (patents) stolen outright by Chinese spies and backward engineering, and you have an economy which is about to take a Mr. Bubble Bubble Bath.
Bookmark and Share
posted by Pastorius at permanent link#


Post a comment

Subscribe to Post Comments [Atom]

<< Home

Older Posts Newer Posts