For more than 40 years, China's economic growth is now reluctantly being acknowledged by the West as an economic miracle. China was reporting an average GDP growth rate of 10%, with several years above 10%. Not only that the numbers were telling, the general wellbeing of the Chinese people, but the infrastructure development of the country were also there for all to see. Still, the West is still spreading the lie that Chinese numbers cannot be trusted, the Chinese cannot be trusted. Only the fake numbers from the US and the West can be trusted. And the US economy is still rock solid, at 0.5% growth while China's economy is collapsing, at 5% growth rate.
The western media are still spreading all the lies that the Chinese economy is in big trouble while the American economy is all sound and well, despite trade numbers falling to negative, factories closing down, job losses, retail and service sectors collapsing, farmers and ranchers going bankrupt, sales of high end products falling by not wanting to sell to China.
On the other side of the fence, China is still the top trading partners of more than 150 countries around the world, Chinese EVs, mobile phones, solar panels, and consumer goods are selling like hotcakes. And Chinese trade surpluses have gone up from US$40b a month to US$100b a month. The numbers are closely monitored by the WTO and IMF and cannot be fake. China's own target for economic growth is 5% while the WTO, with its anti China biases, including all the western economic agencies are saying the number is 4.8%, with their obvious intent to write down Chinese growth. Still, the numbers are not very different.
And at the same time, India is providing figures of 7-8% growth, with all the concurrence of the western media. How real are the Indian numbers? How many countries are India's top trading partners? What are the great products that India is selling to the world other than cheap pharmaceuticals that the Americans are putting a high tariff on them? Oh, India is selling a lot of agricultural products, to who? The only item of some significance is call centres and IT services... and remittances from the Indian diaspora. Would these be big enough to justify the 7-8% growth that India is gloating? Where are the big items to contribute to the big growth numbers? Even FDI is far from what China is getting. What are the monthly trade surpluses of India compared to China's US$100b? Is India getting US$10b trade surplus per month?
How real are Chinese growth numbers versus India's growth numbers?
IMF just confirmed China's growth is robust.
5 comments:
https://youtu.be/bkHl66wbHX8?si=RAhgYmkAGpE0Bg4L
The difference between China 🇨🇳 Real World Economy and the FAKE make beliefs India's cow dung Economy.
Only Stupid Nations believed in India's Scams.
Which One in ASEAN the most stupidest?
M.O.T. shall kena burn 🔥
If you watch the anti-China trolls on social media, everything about China is false.
First and foremost, China's collapse has also turned out to be the biggest falsehood on record, because twenty-five years have passed since Gordon Chang sounded the false alarm, and China has still not collapsed. On the contrary, China's exports have been growing year by year, despite all the trade wars, sanctions and tariffs thrown in. When one door closes, another opens for China, and some are saying China even went further by opening windows as well.
Now, let us go through all the other famous falsehoods about China. The Tiangong Space Station is probably 'false' but is up there flying high. Chinese EVs conquering the global market is probably 'false' but prevented from accessing certain markets over fears that it is going to kill those countries with EV manufacturing. Chinese high-speed rail is probably 'false', but many foreigners travelling to China have experienced them and are awed. Chinese shipbuilding domination is probably 'false', but someone is not happy because China has cornered all the orders for new ships, so much so that Chinese built ships have now to be targeted with port call fees to keep Chinese shipbuilding down. The Chinese landing on the moon must also be 'false', but why are countries trying to get hold of rocks from the moon that China managed to extract. Someone already went to the moon in 1969 and took back samples of moon rock as well, so what is the fuss all about? Are they not worried that those rocks could also be stones taken from the Tibetan Desert, LOL.
Besides falsehoods, Chinese fighter jets, aircraft carriers, hypersonic missiles are all junks and can never measure up to Western standard. Thanks to the India/Pakistan war, some semblance of reality has hit the target.
How real are USA job figures? Already proven to be fakes that needs massive corrections further down the road. Apart from that, how believable is the USA economy really? How come the stock market is at all-time highs while the Government is in shutdown mode.
People are now suspecting that money is moving around in all the technology companies buying stakes in each other, which is merely moving money around just to give the semblance of a robust growth in that sector. Moreover, the USA Government is now taking stakes in many technology entities, giving the Government the ability to inflate stock prices using money printing unlimited. Does that differ in any way from the Chinese Government controlling the flow of investments into priority sectors?
For all we know, while China is really moving towards a democracy with socialist characteristics, the USA is moving into the socialist system discreetly with Government control of the private sector getting more pronounced.
China should stop supplying rare earths to India after the latter begged for it. The double-headed Indian snake will not give a governmental written guarantee to China that India would not divert to USA the rare earths supplied by China to India.
Slimy India is a member of the Quad Critical Minerals Initiative, which is an effort by the Quad countries—the United States, Japan, India, and Australia—to work together on critical minerals.
There are a couple of countries that are totally untrustworthy, which China must take care. India, Argentina, Italy and Mexico are toxic countries that China must avoid being nice. South Korea has been caught reselling rare earths to USA.
Post a Comment