China’s economy showed further signs of weakness in May. Industrial output and retail sales both missed forecasts. Beijing is expected to increase its efforts to boost the economy to try to shore up its post-COVID-19 recovery.
Al Jazeera’s Katrina Yu reports from Beijing, China.
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Give comunism no chance
Democracy is fake, just look at the US and Britain as proof of this.
Why? So, capitalism is the best?
Propaganda
Who produced this “propaganda”?
@JP P
Aljazeea who is biased towards the West and hence support Ukraine in it’s war with Russia
@ciyber sal so ukraine attacked russia ?
India is the future 🇮🇳
Iam Pakistani🇵🇰 but today we regret the partition
Indian spotted
🤡
Indians hate each and every country on earth better stay in mars lots of space there😂
Indian cow spotted 😂😂😂
Poor India,,,
Hungry indians,,,
Lindu 😂😂😂
No Pakistani would ever say that, and india is just a massive factory
There’s no mystery here. Just like the Japanese during the 90s the Chinese bubble finally popped.
@Professional Pussy Petter China is the largest industrial country. Her growth outpath all industrial country.
@DeeZeed nah they are the same level. Japan issue was the gave to much money to worthless business. China has done the same. Every time china or japan give cheap loans to business its citizens get poorer from inflation
@Professional Pussy Petter
With the USD in decline and BRICS growing the pain is for the West to feel.
@Theworldiswierd GDP per capita in China is still low. I would say it’s more comparable to Japan and the U.S prior to WW2. Japan was a new industrial power who back then was starting to export heavy industrial goods to the west.
@DeeZeedGrowth doesn’t necessarily depend on the current standard of living. In fact for most newly industrialized and investment led economies the “middle income trap” is extremely likely. The reason why Japan or South Korea were able to overcome. this trap and become high-income economies were their early establishment of consumption and high-end goods markets. Although even Japan stagnated afterwards due to their housing and credit bubbles which China also has, but even larger as percent of GDP.
Thanks Chinese Communist Party!
There are ups and downs. China’s lower figures are because of the wide recession of EU and US .
That is why there sales are lower .
When China sneezes , the rest of the world catches the covid.
You’ll bounce back. ❤
lets hope it doesnt
Not if their population keeps declining
This KIND of GAME is all about ENDURANCE, ENDURANCE, AND ENDURANCE….
Chinese economy is great as a producer of plastic buckets or flip-flops. High end products are just pure copy of European, American or Japanese technology.
China is the largest producer of rare earth elements, electric cars, solar panels, batteries, industrial equipment, drones, pharmaceuticals, electronic products, home appliances, second largest in AI, only country that have an independent space station, best 5G technology, best high-speed railway, metro systems, goes on and on. And western countries buy all of them.
Japan also started by copying. People used to dismiss Toyota, Sony, etc, exactly for the same reason
Nonsense
Without Western orders for Chinese factories and without access to Western financial markets, the Chinese economy will remain stagnant for a long time. China got rich because of doing business with the West, and not because of doing business with Russia or Africa. The CCP will have to deal with angry unemployed citizens.
And the West growth is dependent on selling to China. VW sells 170,000 cars very month in China. Mercedes BMW Audi sell 50,000 reach. Europe is totally dependent on China. Now without cheap Russian gas, it’s industry is in long term decline with BASF, Mini, Smart car, Lotus, MG, Volvo EVs, all moving production to China
@ciyber sal True. But China is decoupling itself from the rest of the world. The last time this happened, it ended up badly for China with the cultural revolution.
If we in the west had these figures, the politicians will not stop singing
LOL … Still believe in FAKE IN CHINA ? Still want to help the murderers in Beijing ? Want to destroy your country ? Invest into CCP Ponzi Scams.
Only India can defeat the US
Keep dreaming! The West is so desperate because of China rise that their only way to stop it is useless propaganda!
The price of trying to be the ruler of the world. China should get out of West Philippine Sea. It’s not theirs.
China is done. You only print money for so long. They improvised an overeducated their local population by printing money, and they loans they gave to business are now so inproductive giving more just gonna make everything worse.
Every single year since the PRC existed people say “CHINA IS COLLAPSING”
China’s economy needs to crash to prevent WW3
Funny that western media won’t say much about the contraction of EU economy and decline in German manufacturing sector.
How are they going to hit 5.5 percent? Q1 was not great considering the factors at play. Q2 is looking even worse. At this point china would need 6 to 8 percent growth in the second half to reach the 5.5 percent growth target but there is zero policy changes taking place to support that kind of growth.
Likely china will hit around 4.5 percent for the year in official data which means 3 percentish in actual growth. That won’t be enough to entice foreign investors considering that the policies the CCP is pursuing are increasing risks foe foreign investors particularly in the west.
On a risk based assessment India is a far better bet for large economy investments.
@Blokin Currently the IMF estimates that Chinese consumption accounts for 55% of GDP, however, the trend over the past few decades has not been entirely promising. In 2001, consumption accounted for nearly 62% of GDP with it following a record low of 49% in 2010. Although it slightly rebounded to 55% in 2016, it stagnated until it declined after the pandemic.
@Blokin Plus, as you added housing prices are once again rising, which doesn’t leave much for disposable income for the average person. Most countries have a consumption-based economy if they are either pre-industrial or post-industrial economies, but most middle-income economies usually get stuck in an investment-oriented economy, which fails eventually.
@Defintity _ Most countries, usually..you generalise alot while I’m specifically writing about China. Just examine at the numbers for the Chinese property sector and disposable income growth first.
@Blokin Sure growth might be around 5% a year, but has started from a low base, and that growth rate is slowly tapering.
@Defintity _ Well the US might reach 1% GDP growth this year and 2024 ain’t looking better.
Compare it to European economic growth, inflation and War, Asia is still in heavenly growth mode
@ciyber salYou do realize that Chinese growth isn’t exactly sustainable. Massive investment-led growth with an absence of consumption has always resulted in a crash and stagnation. Countries like Malaysia, Thailand, Brazil, and South Africa have all fell into that trap with the only exceptions being countries like Taiwan or Japan which established a consumer economy very early on.
@Defintity _
But for China it’s set to takeover US as the largest economy therefore all experts point to increasing gdp and per capita
@T WE
It’s growing while EU is in contracting mode
@ciyber sal They’ve since bumped that back. Goldman Sachs predicted it would happen in 2028, some said it would happen by 2019. However, all predictions have either pushed that date back to the 2030s, or 2040s where at max China will only be 10% of the US economy before dropping back to second. Now a large portion of economists predicts it won’t ever happen. Only time will tell.
@ciyber sal And even while the EU is contracting the standard of living and gdp per capita is much higher in the EU than in China bruh.
Better respect than great wealth,
better recognition than silver and gold.
After covid Chinas economy will take at least five years to recover!!!!!!!
Glory to China 🇨🇳🇨🇳🇨🇳🇨🇳
xi jinping has been making port and railroad in other countries. your job is setting up shops along the rails. you can be rich in 20 years.
There is only one way to curb China’s economic growth, and China is dragged into war. As for sacrificing the economy of Japan, South Korea, ASEAN, and India, it doesn’t matter, it’s a worthwhile sacrifice!!😀
Looks like the plan is working
You don’t even bother me anymore you’re absolutely PATHETIC. Boring! Brain damaged and brainless. PATHETIC. I pity you and your existence.
Pointless and brainless.
China is growing just not fast as forecast, it is well better than most countries, why do you call it a crisis?