Everyone knows Chinese data is garbage. Nothing they report is true; the economic data cannot be trusted.
American economic data under OBiden is suspect; but Chinese data is downright false.
So, when reports are released that Chinese economic growth may not cross the 5% threshold, this means the CCP is experiencing a recession already.
In a report on China, Nomura says it’s “increasingly possible that annual GDP growth this year will miss the 5.0% mark," reported CNBC.
“Prolonged weakness in property construction will add to destocking pressures in the industrial space and depress consumption demand as well,” Tao Wang, head of Asia economics and chief China economist at UBS Investment Bank, said in a note.
“In such a case, economic momentum may stay subdued in the rest of the year and China may miss this year’s growth target of around 5%,” she said. “Deflation pressures could persist longer in such a scenario. The economy would then warrant much stronger or unconventional policies to revive.”
The problem for the CCP is the world is now fully aware of their duplicity on the world stage. Economic actors are aware of their IP theft, forced tech transfer, concentration camps, slave labor, and biowarfare against the West.
The means that when Donald Trump is back in office, America will continue to decouple from China.
America will recover, as the economy has always been deep and resilient.
China will not.
America will clean its economic and political house.
China will not.
And, no one will trust their yuan CBDC either. Who want's to trust their money to the Chinese Communist Party!
As the headline states - the Chinese economy is collapsing.
The CCP won't be far behind it.
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