China Growth Slows as Weak Retail Sales Drag Economy

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China Growth Slows as Weak Retail Sales Drag Economy

Рет қаралды 44,972

Ай бұрын

China’s economic growth fell to the worst pace in five quarters as retail sales slowed. The latest data piles pressure on Beijing officials to boost investor and business confidence at the Third Plenum, the twice-a-decade policy meeting which is happening this week.
Hang Seng Bank, China Chief Economist Dan Wang and Li Cheng of the University of Hong Kong's Centre on Contemporary China and the World break down the numbers on "Bloomberg: The China Show."
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Пікірлер: 264

@SSYlist Ай бұрын

"Basically globalization fed & pulled 1.4 Chinese people from poverty & now somebody emerged from a cave & tell globalization how to behave..." China's economic miracle.

@TeeHee-vo1bn Ай бұрын

Lol, poor China has 600 million people living on $5 or less per day. Do they all have $6 now?

@phillip76 Ай бұрын

Chinese are better at capitalism. That is why China is rich, and why China saved the world. it is two way street.

@anacatty1 Ай бұрын

@@SSYlist well they learnt it from USB... I mean it was USA when its still famous

@DK-ev9dg 27 күн бұрын

@@SSYlist China was smart to have business agreements with these globalization greedy people. They made tons of money with Chinese cheap labour. You're jealous because Chinese are having good brains for 5000+ years.

@DK-ev9dg 27 күн бұрын

@@SSYlist no China had smart agreements with those companies because they wanted to build their country from ground up.

@williamzabiski7653 Ай бұрын

Slow growth performane is still much better than other countries

@phil20_20 Ай бұрын

Doesn't help when most of your population is below poverty level. Of course, China just changes the threshold for poverty to include less people.

@gregwang8628 Ай бұрын

@@phil20_20of course you are always right 😂

@chriswong9158 Ай бұрын

As China PRC 1Q GDP is 5.3% compare to USA's 1.6%. I think, Africa would love those China numbers.....

@leealex24 Ай бұрын

The GDP growth in absolute value in China is 2x of USA. I just did a simple math it's US$900bn in China vs US$400bn in USA for Q1 2024.

@victorcretu7741 Ай бұрын

It means China is broke and unsold products are piling up. China's GDP growth is a target. It does not matter if they have customers or not, the producers have to meet their target.

@chrislin420 Ай бұрын

this Li Cheng is a good representation of Chinese self brain washing

@stephenmagic9868 Ай бұрын

Finally, America is great again😂😂😂

@joycemclean3894 29 күн бұрын

Not really they have high inflation and will cause consumers to spend less and less, I don’t trust anything News media putting out their.

@politicalreal7813 29 күн бұрын

hahah China economy wont fall. They do this every 4-5 month

@djibicisse 6 күн бұрын

Yes ❤❤

@KanSun787 Ай бұрын

Cant be audited properly without party members present, what a joke "2nd largest economy" lol

@gazinger Ай бұрын

Li Cheng seems to be the speaker of China central government

@amunra5330 Ай бұрын

Freedom of speech friend. People can say things from their point of view. Or this is not practiced anymore?

@gazinger Ай бұрын

@@amunra5330 yes, of course. My comment is also part of freedom of speech

@randalsaladbar Ай бұрын

@@amunra5330Le Keqiang shared his opinion about poverty still not being fixed, and look what happened to him 🙃

@johnnyguitar2929 Ай бұрын

Even China’s manipulated official numbers are disappointing!!

@chriswong9158 Ай бұрын

Secret of China PRC, leaving it to others not seeing the truth. Overall China PRC don't care as they move forward. Noted China PRC 1Q GDP number are from IMF aka USA reporting it.... base on import/export record.

@kokica007 Ай бұрын

I agree. The real number is much higher.. they just don't want hype yet

@fpetren Ай бұрын

@@kokica007 you are right 👍

@ssuwandi3240 Ай бұрын

@@kokica007 you mean the price dumping is about to kick off. Good point

@johnnyguitar2929 Ай бұрын

@@kokica007 ha ha ha ha!! Thanks for the funny joke!!

@soyoungchang461 Ай бұрын

Why spent time and money to have Li Cheng to talk about history and never tell the truth! Quite waste of our time

@huangnicole6095 Ай бұрын

Agree. This man is talk like Bsht

@SSYlist Ай бұрын

@@soyoungchang461 although he basically did that. But it's important to hear from both sides then you know which is a goner lol

@bullpup1337 Ай бұрын

Last minute was crucial… Tawain is what she was alluding to.

@dustup2249 Ай бұрын

You know, after reading your comment here and watching those last words from Dan Wang, I have to say I agree with your assessment that a "major project to stimulate China's economy" could be a war with Taiwan. She did mention earlier that the US's 1930's depression was solved more or less by the necessities of war spending on WWI.

@randalsaladbar Ай бұрын

@@dustup2249 China's broke and was is expensive ✌️

@haoli5779 27 күн бұрын

Does anyone even believe these people's BS?

@doughvahkiin2885 Ай бұрын

No hate, but it raised my eyebrows a little when Li pointed out the research with "Chinese names" instead of just saying it's coming out of China

@leealex24 Ай бұрын

The GDP growth in absolute value in China is still 2x of USA. I just did a simple math it's US$900bn in China vs US$400bn in USA for Q1 2024.

@randalsaladbar Ай бұрын

How about dollar power? The yuan is dying

@akshaymanglani82 Ай бұрын

That’s value of the growth if I am not wrong. US grew around 2.75% (effects of AI large cap tech did play an effect) total Q1 US GDP was much greater, not sure about value of growth

@2023gainer Ай бұрын

Heading towards 17 million EV sales globally in 2024. Lillium Evtol Jets up 20 % month..Blade Evtol Jets up 17 % month.. ChargePoint up 30 % month... Polestar up 48 % month.. FSRNQ.. Fisker up 5 % Friday.

@soyoungchang461 Ай бұрын

Why our hk tax payers sponsor HKU to pay for someone like Li Cheng! Quite doubtful about the quality of education level and integrity of HKU!

@ksrawat88 Ай бұрын

You don’t have another choice.

@nemo8748 Ай бұрын

Didn't know that China owns the achievements of everyone who has a "Chinese" name.

@phillip76 Ай бұрын

Does show that Chinese have a high G.

@NeidlichesSchwert Ай бұрын

Here, in schools, the CCP does in fact teach that all Chinese diasporas-worldwide!-are under their dominion.

@phillip76 Ай бұрын

@@NeidlichesSchwert Funny, because I think the west wanna use chinese and asian to oppress Asia, and Asians. Think of what happen to Japan. U.S. wanna use Asian brains to enrich the west to dominate Asia.

@milkoowen6800 Ай бұрын

@@NeidlichesSchwert what the f you talking about

@randalsaladbar Ай бұрын

@@phillip762nd largest economy 😂🤣😂🤣 white wings can't out run destiny

@22jawky Ай бұрын

Tiktok has millions of people showing the opposite, even just walking the shopping centers

@petefraser3013 Ай бұрын

Are you saying g that the retail situation is very bad in China? Have been seeing videos showing many empty malls.

@matsmcmats Ай бұрын

Solid evidence, my guy! 😂

@rarrafunfitness6230 24 күн бұрын

Slow down but it still growing 5%😅 we all know America government paying their wages

@DK-ev9dg Ай бұрын

China just posted huge surplus in trade with the rest of the world. Also 4.7% is still huge growth.

@blaxter101 27 күн бұрын

A lot of it is exported but unsold goods piling up in overseas ports.

@DK-ev9dg 27 күн бұрын

@@blaxter101 negative

@djibicisse 6 күн бұрын

Can their numbers be believed😂😂 Remember the 4,000 Covid deaths

@FloatingCastle Ай бұрын

These people have blinders on

@jameswamba4338 Ай бұрын

@@FloatingCastle which people?

@joycemclean3894 29 күн бұрын

@@jameswamba4338 News media I’m sure

@bryanotieno7106 Ай бұрын

Financial consumption

@slumerville Ай бұрын

Most countries would be thrilled to have China's growth numbers not to mention close to zero inflation.

@covertpuppytwo3857 Ай бұрын

Most countries wouldn't be thrilled that more than 40% of its population earn less than $5 a day and debt ratio of 286% of GDP!!!

@randalsaladbar Ай бұрын

WTF planet are you from

@chriswong9158 Ай бұрын

As China PRC 1Q GDP is 5.3% compare to USA's 1.6%. You do understand China GDP is of 1.4 Billions population, right.

@bullpup1337 Ай бұрын

GDP is a mirage. Most Chinese are poor.

@Freedmen-American-Reparations Ай бұрын

@@bullpup1337 You traveled throughout China?👀🧐🤔

@bullpup1337 Ай бұрын

@@Freedmen-American-Reparations what made you think that… I have seen enough about China to know I would NOT enjoy that.

@leealex24 Ай бұрын

The GDP growth in absolute value in China is 2x of USA. I just did a simple math it's US$900bn in China vs US$400bn in USA for Q1 2024.

@Freedmen-American-Reparations Ай бұрын

@bullpup1337 so you haven't visited for yourself but seen enough of China to draw preconceptions. Typical sub-arctic euro behavior. No matter how much sub-arctic euro hates, it will not slow down China's progress.

@munnakhan8961 Ай бұрын

4.6% Yeah slowdown yet much higher than any states in the west

@TeeHee-vo1bn Ай бұрын

That's according to CCP.

@munnakhan8961 Ай бұрын

@@TeeHee-vo1bn then it should have been around 6%

@TeeHee-vo1bn Ай бұрын

@@munnakhan8961 Whatever CCP wants to report.

@michaelsomething7674 Ай бұрын

4.7 is not bad, given how strong us dollars is. If dollars are not strong, China number is super great. Because japan, india and vietnam dropped so much, that is why china has to follow suit a little bit.

@zilili5878 Ай бұрын

This Li Cheng guy totally nonsense, he is just chinese government spoker

@HUgdJHf64 Ай бұрын

A research team from the University of Science and Technology of China has reported observing antiferromagnetic phase transition in a large and uniform quantum simulator, according to a study published in the journal Nature. The quantum simulator is the first to achieve the simulation of the fermionic Hubbard model beyond classical computers using ultracold atomic quantum simulators.

@lastChang Ай бұрын

Talking about falsifying records, in 2023, real China's 🇨🇳 economy shrank -3.5% as opposed to 5.2% expansion as officially announced. - So this year, they will just publish a 5% growth regardless of their economy.

@xuli3961 Ай бұрын

You are so into China, every China related news you are commenting some bs, good for you if it makes you happy.

@AlejandroPikoulasPlata Ай бұрын

lastDumb the unemployed, frustrated, moron bot commenting every video about China on KZfaq came out.

@jaisriram295 Ай бұрын

@@xuli3961 it's still correct though 😂 China have been faking GDP numbers for years to attract FDI yet they still have low domestic consumption 😂

@elmehdihamouda7372 Ай бұрын

@@xuli3961 CIA bot probably

@ruffsoft Ай бұрын

The IMF and World Bank confirm growht of 5.2%, with 4.5% growth predicted this year. What is your source that IMF and WB are wrong?

@FloatingCastle Ай бұрын

The IMF just raised Chinas expected growth for 2024 to 5%

@bryanotieno7106 Ай бұрын

Tightening fiscal policy to spur growth

@dustup2249 Ай бұрын

Lol. The US's Federal Reserve tightens money supply to slow growth. That's hilarious to think that economic principles magically work opposite in a economy on the opposite side of the planet.

@jameswamba4338 Ай бұрын

Is that how it works? 🤔

@dustup2249 Ай бұрын

@@jameswamba4338

@lttml6039 Ай бұрын

U talking about Taiwan?

@SSYlist Ай бұрын

Li Cheng taichi king...

@user-st9qp2re7k Ай бұрын

licheng talking shit

@starwu5380 Ай бұрын

if Dan Wang observes China only through an 'economist lens', she can only get a partial understanding. Look at the bigger picture, from a stragtegic standpoint.

@glennnielsen8054 Ай бұрын

Can China's speed not be linked to China's ability to copy?

@adamsaciid4919 Ай бұрын

copy of what?

@glennnielsen8054 Ай бұрын

@@adamsaciid4919 Everything already existing that could have an interest, except freedom.

@adamsaciid4919 Ай бұрын

@@glennnielsen8054 hhhh lol what nonsense, my poor boy educate your self

@adamsaciid4919 Ай бұрын

@@glennnielsen8054 also there is no what is called freedom in this world even us

@glennnielsen8054 Ай бұрын

@@adamsaciid4919 What is the youth unemployment in China?

@johnbanwell Ай бұрын

Speaking of possible contractionary policies, why not a property tax? haha

@joycemclean3894 29 күн бұрын

Clothes everyone has to many clothes crazy

@stephenmagic9868 Ай бұрын

America is great again😂😂😂😂

@lim5639 Ай бұрын

EU 1st half 2024 projected 1.0% growth. Comment given was gradual expansion amid geopolitical risks. China 1st half 2024 5.0% growth. Comment economic slowdown with possible low local consumption and problematic construction sector. Negative outlook for 2024 whole year and 2025. What a different!

@okman9684 Ай бұрын

Still china lower than eu in per capita income. By that logic india grew by 8% too so is it bigger than china!

@alanssshh Ай бұрын

good point

@JonySmith-bb4gx Ай бұрын

@@okman9684 still Europe losing to China

@matsmcmats Ай бұрын

"Niger, Senegal, Libya and Rwanda are expected to grow at the fastest rate of over 7% per year."

@peterg0 Ай бұрын

US GDP 1% VS CN GDP 6%

@matsmcmats Ай бұрын

Senegal has a growth rate at 8.3% though. Mightier than China then? Libya: 17.5% 😂

@happymelon7129 Ай бұрын

Basic Knowledge : Speed is measure by relative . 😅Yes, China is slowing down, but Growth rate still in front of U$ UK EU . Relatively still Growing faster than U$ UK EU .

@randalsaladbar Ай бұрын

🤣😂🤣😂 growing just like it's stock markets

@okman9684 Ай бұрын

You know uk has a per cap gdp of 51000 usd while china has 13000 usd. Even if china grows at the rate of 5% it still take decades even reach uk's per capita gdp

@user-ul6oe7gt2l Ай бұрын

@@okman9684 ...GDP is a fake number that is heavily biased towards "western" style of capitalism. PPP is the TRUE economic number based on REAL things, and Chy!!na has been #1 since 2014 in PPP.

@porkyl0095 28 күн бұрын

Depuis des années, vous les journalistes de chez oncle Sam, vous avez toujours publié des fakes news sur la Chine.

@NorCalMoDo Ай бұрын

Talkers

@gregwang8628 Ай бұрын

Of course they do😂

@chriswong9158 Ай бұрын

You Can Lead a Horse To Water, But You Can’t Make It Drink... Was said the same of China Space program until now US NASA begging for China sample of the moon.

@chuyenpham3336 Ай бұрын

Greatttt

@Mannyman2023 Ай бұрын

Chinese news from China but in English?

@dustup2249 Ай бұрын

It's a time honored method of major economies of the world comparing penis sizes by using propaganda in the opposition's language. Dan Wang talks really dirty in that respect! ❤

@lttml6039 Ай бұрын

Check facts before you spout nonsense from nonsense ‘experts’

@jameswamba4338 Ай бұрын

And what do the facts indicate?

@sayamalu2495 Ай бұрын

Wasting everyone’s time listening to Li’s speech😂

@davenobody407 Ай бұрын

The US has 0% growth but 5-6% inflation per year. China has 5% growth per year but deflation (price goes down). I know which economy I prefer.

@matsmcmats Ай бұрын

"Niger, Senegal, Libya and Rwanda are expected to grow at the fastest rate of over 7% per year." I know what economy I prefer 😂😂😂 Ever heard of the saying "from a low base"?

@davenobody407 Ай бұрын

@@matsmcmats China’s 5% growth per year is equivalent of creating an economy of the Netherlands or Turkey. That’s yearly and year after year. At 5% growth China’s income doubled in 14 years, that’s a $38 trillions economy.

@djibicisse 6 күн бұрын

So why so many Chinese youth struggling?

@FalconB-i2 Ай бұрын

Covid 😂

@JonySmith-bb4gx Ай бұрын

COVID what COVID no 1 in USA

@user-vw1my9nt4r Ай бұрын

@@JonySmith-bb4gx YOU ARE COVID PEOPLE

@chriswong9158 Ай бұрын

“You can fool all the people some of the time and some of the people all the time, but you cannot fool all the people all the time.” - Abraham Lincoln. Deng Xiaoping said "To Get Rich is Glorious" Henry Kissinger Quote: “To be an enemy of America can be dangerous, but to be a friend is fatal.”

@LanNguyen-vd4zt Ай бұрын

Taking Kissinger quote out of context. You don’t even understand how that quote came to light and in what capacity. Go back to school

@LanNguyen-vd4zt Ай бұрын

@@dustup2249 wrong, go back and read it up again. As a southern Vietnamese, this quote is well taught among Vietnamese.

@LanNguyen-vd4zt Ай бұрын

@@dustup2249 wrong. Who was Kissinger speaking to? And what was he alluding to ?

@dustup2249 Ай бұрын

@@LanNguyen-vd4zt No, I think it applies as Kissinger meant it at the time. The China chief economist Dan Wang implied in this show that China needs a "major project" like a war to stimulate it's flagging local economy. Taiwan and the Philippines are America's "friends" just as South Vietnam once was and Ukraine currently is. Dan Wang earlier in the broadcast casually mentioned that the US stimulated it's 1930's depressed economy by using WWI spending. I think she was hinting of a near term bruhaha with Taiwan or possibly the Philippines because of the current hegemony maritime tit for tat of the South China Sea. Henry was lamenting America's reason for being South Vietnam's friend was not what South Vietnamese leaders Diem and Thieu understood as existential. We were their "friend" for the economic stimulus of war spending. America did not give a damn if they won or lost in Vietnam, just like Ukraine is America's "friend" currently. Taiwan is in for a rude awakening once Nancy Pelosi is driven from government and she will be if Trump wins. Trump will be advised that a war with China in it's front yard is an absolutely unwinnable war and Trump will abandon Taiwan--- which will be fatal in Kissinger's context

@LanNguyen-vd4zt Ай бұрын

@@dustup2249 wrong