Looks like all the "CHINA IS COLLAPSING" idiots were wrong again - China is predicting very strong economic growth this year, with an emphasis on increasing regulations in its maturing financial sector.
Sup Forums BTFO on China YET AGAIN - why does this keep happening?
>China Sets Growth Target of About 6.5% Amid Pledges to Ease Risk
>China set a 2017 growth target of "around 6.5 percent , or higher if possible" as focus shifts to easing risk and ensuring stability before a twice-a-decade leadership transition this year.
>The objective outlined Sunday in the work report presented by Premier Li Keqiang to the National People’s Congress gathering in Beijing compares with last year’s target range of 6.5 percent to 7 percent. Economists surveyed by Bloomberg project 6.5 percent expansion this year...
>Top leaders working to underpin an economic expansion that stabilized last year also are shifting to a more neutral policy to reduce financial risks from excessive borrowing. Economic and social stability are key priorities before President Xi Jinping and his cadres gather later for a reshuffling of top officials, which is planned for the fourth quarter...
>The work report reiterated that China will pursue a prudent and neutral monetary policy this year. The People’s Bank of China has left the benchmark rate at a record low while starting to tighten money market rates, and analysts expect further measures to cool lending without choking the wider economy ahead of the 19th Communist Party Congress.
>...China is confident it can keep systemic financial risk in check, and is "highly cautious" of the dangers from bad loans, bond defaults, shadow banking and online finance.
>Urban home buying by both local and new residents will be supported, while another 6 million housing units will be renovated in urban areas, according to Li’s report.
>Financial regulation will be "proactively and prudently reformed" and the industry’s ability to serve the real economy will be strengthened, the report said. Officials also vowed to accelerate reforms of state-owned enterprises and said "more will be done to energize the non-public sector." They also plan more support for technological innovation and the development of emerging industries...
>Over the longer term, policy makers aim for a 6.5 percent average growth pace to achieve the party’s promise of building a “moderately prosperous society” by 2020 with GDP and income levels double those of 2010...
>"A slightly lowered and somewhat more flexible growth target is about as good as we could have asked for," said Andrew Polk, Beijing-based head of China research at Medley Global Advisors, which advises institutional investors. "We’d still like to see an abandonment of the growth target altogether, but that is just not in the DNA of China’s government."
Benjamin Baker
>believing Chinese Government numbers
Connor Sullivan
>predictions
Angel Hughes
>China says Dropped
Samuel Young
>Bloomberg >FaggingtonPost I can see how the two are similar...
Anthony Ortiz
lol @ these losers thinking china is going to fall. been hearing this since 2010
Jaxson Taylor
>205% debt to gdp
Angel Reyes
Their predictions have held up pretty well so far. If anything, the government sets them a bit on the low side.
Joshua Bell
China rigs the records. They usually hit exactly the growth they previously targeted.
Aaron Martinez
It really becomes a self fulfilling prophecy. If it takes a hundred years they'll still say Sup Forums was right.
Brody Evans
China has a very solid economy based in goverment regulations that allow for a whole lot of moves that are too risky for anyone else, all those high risk investments paid off, and now they can be communists in peace.
Thomas Wood
based xi
Caleb Rogers
LEAVE THE SOUTH SEA ALONE YOU CURRENCY MANIPULATOR REEEEE
Wyatt Wright
India your eyes can see lies. Good job.
Bentley Turner
Who is more crooked, India or China?
Julian Martin
Never been to China have you? Its full of modern day ghot towns where the government has overbuilt without worrying about up keep.
Jonathan Diaz
>not understanding internal debt and external debt
Bentley Lee
It would take something truly colossal for China to collapse, not even economic crash would do it. They all know the country instantly splits into pieces and its decades of shit storms to fix it
Camden Sanchez
>Being a member of the Chinese Internet Defense Force
Gabriel Roberts
Cao Cao did nothing wrong.
Daniel Lee
You
Mason Sullivan
Surely everyone remembers last August.
Aaron Johnson
"""ACCOUNTIBILITY""""
Josiah Stewart
Literally a government shill.
Charles Barnes
The smaller portion? All that is internal among your corps and individuals. Govt holds external debt and is the least indebted of the three. As is usually the case. Your having gone to concrete capitalism like Japan was the problem
Jack Foster
POO IN LOO
Easton Diaz
I asked pajeet you fucking soulless dog eating chink, now fuck off.
Jeremiah Young
>with an emphasis on increasing regulations in its maturing financial sector. RIP Chinese Economy
Isaiah Turner
Tories are even worse
Nathaniel Anderson
Its posturing to counter the Trump admin and possible trade war. Nothing more.
Jackson Mitchell
I was there during the recent stockmarket (((collapse))) and didn't even notice a thing. Not one thing. Was hardly in the news according to Chinese colleagues
> 25 yuan
Mason Johnson
>But user!! I assure you that these properties are worth many many dollars!! This city may be falling apart, and completely void of all humans. But any apartment of similar looks in America would cost almost $400,000. That is surely what it should be valued, but we will give you a good deal ;)
Thomas Peterson
Lol, China has terrible craftsmanship. Their high rises are falling apart. Not only were they built like shit, they aren't even being maintained properly.
Wyatt Foster
But he's right, Paco
David Ramirez
>That pic Really fired up my ovens
William Garcia
you realize china would set a similar growth target no matter what their circumstances are. And they will fudge the numbers so that they achieve the target no matter what. All they care about is their appearance to the rest of the world not the actual happiness/health of their people.
Jeremiah Kelly
I remember reading back in 2005-06 that the Chinese economy was supposed to take over America/The West in general by 2011, and now they're saying another 10 years.
>rich Chinese people are moving to the West because they can see the absolute shitstorm that's going to hit China, and need to hide their dirty money in the real estate >inb4 "w-we're just t-taking over your c-countries"
Mason Richardson
>CIDF >government shill israel called and they want their meme back
>implying internal debt is hard to pay back what is money printing machine? It's not like chinese yuan is the world currency and devaluation of currency is good for exports
Chase Campbell
Yeah, that¡s what consulates do pajeet, don't you have any of those? We also don't want to receive every motherfucker from central, south america, africa, asia and europe that happened to cross thru Mexico and say they're Mexican, We need to give papers to the ones being deported so we can receive them and tell fuck off to the ones without Mexican papers.
Luke Hill
...
Nolan Sullivan
How many new ghost cities are they planning to make?
Owen King
Two different measures: Purchasing power parity (PPP), which is a means of adjusting per capita income to account for differences in the cost of goods.services in different nations.
By some estimates, China surpassed the US in PPP a few years ago. But PPP isn't really that useful when you're directly comparing two national GDP figures. For that, we usually use nominal GDP.
US nominal GDP in 2016 was $18,561,930,000,000 by the IMF's estimate, compared with $11,391,619,000,000 in China, but with China growing 6%+ each year while the US grows closer to 1-2%, China would be expected to overtake US nominal GDP at some point in the 2020's.
Sebastian Perez
>Still buying shit you dont need after getting redpilled RIP China
Adapt to the meme timeline or gtfo
Angel Morales
Don't you mean who is most Hillary?
Jack Gomez
Sure why not.
Connor Myers
I await the demographic collapse by 2050
Cooper Green
If only that were true, Pablo
Other consulates support their LEGAL migrants facing trouble whereas Mehico actively backs the ILLEGALS thereby subverting the law of the land. Yuuge difference
Henry Allen
You have never been out of india have you? my passport was stolen and i needed one to get back so i had to use a consulate, they always offer legal advice to their citizens. You have obviously no idea what you're talking about, Remember the pajeet that shot the murican embassy worker? he was aided by your consulate. I think you should get back to your designated shitting street.
David Miller
It is much harder to figure out the timing of things than see the direction it is going to go.
Your own kleptocrats see the writing on the wall, hence the property booms driven by Chinese investors in other countries, and the money fleeing china for "investments" elsewhere. (Is Chinese investors buying up assets in Hollywood a sign of strength or weakness?)
Turning to the US, no way no how is spending $1T a year in deficit spending ok. Something is going to break. That is the easy statement. How things will break is much harder, and when is harder yet.
The lesson is that gravity wins. You can't escape the inevitable.
China has an 'easy' problem. All they have to do is adopt the technology that the rest of the world has already invented to pull 1B people out of poverty. And yet they cannot seem to manage it.
6.5% growth?! official figures! pff. say 3-4% real. And that is a joke.
The reason why is that social structures are part of the western technology that china needs, and china just can't seem to do that.
Elijah Robinson
You and that Muslim who killed the US official were both legally where they were.
It takes a special level of ingratitude to stab that neighbour in the back without whom your economy would collapse in a trice and you'd go back to being the gang-warring Street-shooting hellhole that you have to an extent left behind
