Andrew Tilton of the investment bank says China’s situation is different because its economic activity has suffered from significant Covid-19 lockdowns.
Goldman Sachs explains why China’s inflation rate remains low
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Maybe its because instead of bailing out Evergrande and other banks like the US does, they took care of the people first. The US would rather prop up the robber barons.
Just because of lockdowns? I don’t buy it.
Full of lies! China has enormous manufacturing capability and cheap energy resources from Russia. China can fight inflation by running the factories at full capacity.
1. QE, Printed 6 trillions dollars
2. Failed to curb pandemic spreading
3. Increase Spending on military and ukraine
4. incompetence president to solve any problems to date
5. Tariff between US and China goods
@Brother Big have you ?….
@Brother Big china isn’t very dependent on oil like US, most people are commute with public transport. Even if gas price is rising, it won’t affect much of Chinese middle class as long as the ticket price is still cheaper
@???????? Do you think crude oil is just for cars?
@???????? In fact, China is very dependent on oil. All products are inseparable from oil.However, we bought a lot of cheap oil from Russia..🤣🤣🤣🤣
US is already in recession and I think this time China won’t bail out US like in 2008.
So amazing, this guy thinks it is because of lockdown. man is this the average US economic expert level?
@frank tim …nope
Cpi is about demand and supply as well …the demands a lot but supply is a little causing soaring price and the same time money over printing …and supply has something to do with network( supply chain) , the weakness of usa is manufacturing , most of these goods are imported …in the case of locking down of shanghai city due to covid then supply chain was disturbed making soaring price since demands higher than supply…
@Dove Penrol Yes, but normally demand growth is very slow. You can’t get 30% inflation just by increasing demand. The US falsified cpi statistics, but the actual inflation is between 30% and 50% since 2020. That would mean more than an 80% increase in demand, which is absolutely impossible. The expert certainly knows this, he is an expert on Asia Pacific, the real cause of inflation comes from your point of view. But a public admission on CNBC would have ended his public career.
@Dove Penrol CN did not follow the US to print money or ease since mid 2019, taking lessons from 2009…it has been adjusting its fiscal and monetary policies very precisely.
@Dove Penrol the supply chain aspect of the US’ inflation started before Covid, it’s a structural issue. Blaming it on lockdown is a bit laughable, but the US needs scapegoats now, CN is the most convenient one (besides Putin)
so called experts, bulchits themselves and believe it.
We have to be happy that america has only this stage of economist ! It is good for china
they have smart people, this guy obviously is not, or chose to be a propagandist.
Thanks to Trump and his stimilus checks for bailing out all his corporate buddies, the U.S. is now suffering from this high inflation. Biden is just another puppet doing the same thing as the orange guy, 2 turd who keep blaiming Russia and China cause they can’t raise their kids and extort money from them. The media are a tool to indoctrinate people unto their religion and persuade them to look over there instead of the blood on Washington hands and what they did to their childrens. Evil!
What are the chances that china is using “zero covid” as an excuse to keep demand low and will reopen when the west goes into recession to maximize growth gains😳🤯
You should mention the China labor market suffers from a official 18% youth unemployment rate. And the true rate is actually much higher than this. And China define many of the unemployed labor as having “flexible employment”, which are still counted as employed.
hows that different to the US? Youth unemployment is a global problem.
@hugh mungus Now in the US many employees are offering financial support for their young employees’ future education in order to keep them. While in China, new grads are fighting for a position for 2 dollar per hour on the assembly line.
In the US employees are struggling. While in China, workers are struggling. That’s two opposite situation.
@Brother Big Pahaha maybe if you’re talking about some specialised industry like tech or some government job. I know plenty of american youth that get no such thing. Burger flippers and cashiers in the US which make up the majority of entry level jobs for youth don’t offer anything of the sort.
In fact theres wide dissatisfaction with the ‘gig’ economy which offers virtually zero job security let alone benefits and training.
@刘杨梓 hahahahaha, the method/rules to get the numbers for deriving unemployment rates in CN is different from that of the US. In addition, the unemployment rate for the age group 25-49 (which is the main working force) is 3.4%. Chinese expect youngsters between 16 to 24 to be at school/university, 22-24 are the the first time uni graduating age, massive enrolment was planned almost 5 years ago during economy expansion, and 5 years later they graduated in the tightening.
@刘杨梓 he is not interested in facts or being fair, if he was, he would mentioned the unemployment rate for the age group of 25-49 is 3.4%, right after 19% for the age group of 16-24.
More likely China’s data or statistics aren’t credible. China always has issues with information transparency, specifically on economic side, just to fake positive news to both global and international investment communities, or to fake financial reports from local governments to the central government in Beijing to dodge political pressure and responsibilities. Shenzhen/Guangdong province for example, back in 2020 and 20201 since the pandemic started, the local governments did not disclose due financial numbers several times. Therefore, China’s inflation number isn’t reliable either. There’s much to hide behind China’s inflated numbers of economic performance and financial status. Lol
inflation is low because China has not print money like drunkards in the fed.
China also printed a lot, but instead of handouts, the money was (mostly) invested in infrastructure and different projects.
@Geo’s place recently
😝🤡🥳🐷🐒🍌🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣✌️
Because they produce everything the world needs. Didnt know being a expert means having common sense. 😂
China’s inflation has been low for some time…. Is this what passes for US economists. I am Irish by the way.
Clare Daly ftw
China must not allow the western inflation into China. The best way is to avoid the use of western currencies for trade. Western currencies are reckless printing of paper. Using their currencies means bringing into China their inflation. China should ask the western countries to pay in Chinese Yuan and not in US dollars or EUROs for the goods they buy from China.
The difference of china and america inflation is to the leader who manage the whole country.while america printing more money then they donate billions of dollars on ukraine for war,china are busy to do business in other country.thats a big difference
54billion isn’t that much too USA economy.
Inflation is perfect for 1%(super rich) to make a sh*t load of money…
…..now the world’s shift towards service ….. Only this so called expert said that , I think Goldman Sachs will give him a tight slap
There are more than 1500 species food additives in china market, maybe it’s the reason of covid
China don’t wanna just become Western slave labour with manufacturer their product..but in china already emerge giant corporation owned by Chinese people…like internet giant tascen, e comerce Giant Alibaba, Giant motor company wuling car and etc…their market in the West already big even surpassing Western competitor…
Cause China is managed
The US gave 54 billion dollars to support the Ukraine war. Where does the money come from? Print money out of thin air. No wonder we have uncontrollable inflation.
54billion to USA is pocket change
Dummies talking. Gets all his information from the news. Can he name anothter city in China that had Covid lockdowns along with Shanghai? China is a country of 1.4 million. The city of Shanghai, while important, is just a tiny drop in the bucket. Even if it locked down another year, China’s economy would be motoring ahead. 5.5% GDP growth is on the cards for 2022.
It’s a no-brainer. China produces everything on their own. They have abundant agricultural and commercial products. Why would they have inflation in that sense? The supply is not pushing up the price. What a so-called China pundit
Well China does have inflation now
The CCP won’t tell you how high that inflation is.
I pray to God 🙏 to set everything right now 🙏
it’s interesting how comments make a lot more sense than the “investment bank” expert–if the US has only this type of smartie, the US is doomed for sure.