667
Yet another one of China's elite has disappeared after criticizing Xi Jinping
(www.businessinsider.com)
this post was submitted on 24 Sep 2024
667 points (97.8% liked)
World News
39142 readers
4101 users here now
A community for discussing events around the World
Rules:
-
Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
-
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
-
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
-
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
-
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
-
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
-
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
-
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
Lemmy World Partners
News !news@lemmy.world
Politics !politics@lemmy.world
World Politics !globalpolitics@lemmy.world
Recommendations
For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Who thinks Chinese economy is bad now??
92 upvotes would suggest a lot of people.
But everything you could say about China rings just as true in Europe, in Japan and Korea, in India, in Russia...
Global populations are heading for a heavy sag, but westerners only know how to heckle the Evil Foreigners.
Funny because I'm European, and the GDP per capita levels of most EU countries are at 2008 levels.
As for a population pyramid, China will face the same problem as other countries as you say, possibly more magnified.
EU countries are filling up with war and climate refugees. And... 2008 is one hell of a year to pick as your benchmark.
Yeah, blame the immigrants. Very .world thing to do lol. Taking Germany, for example, according to Wikipedia, 0.17% population growth per year between 2010 and 2020 doesn't seem too great for me, compared to China's yearly >4% GDP growth for example they'd reduce per-capita growths by an insignificant amount. I'm European myself, and I can tell you that the lack of GDP per capita growth between 2008 and 2024 isn't due to population reasons either, and I'm guessing it's the same for the bigger EU economies like France,Italy and Spain but feel free to correct me otherwise.
2008 as my benchmark is exactly my point: the European economy has only now economically recovered from the effects of its own self-imposed policy of austerity and deprivation of worker rights and welfare, without having restored said rights or welfare to pre-2008 levels. And we see countries like the UK under "labor" administration falling to the same policy again as soon as they enter the government. In the meanwhile, without falling into such policy (although without many significant victories for welfare and labor AFAIK), China has grown its per-capita GDP threefold since 2008.
So no, I don't think "Chinese economy looks bad", I wish my European country's economy would mimic a fraction of the Chinese growth actually
I'm not sure why you're getting downvoted that much
Lots of people, especially the Chinese. The sentiment about work, investment, economic prospects, consumption are all quite bad. The central bank is cutting rates. Just today the government dipped their toes into the helicopter money game. The only thing keeping the party going is exports
Source?
Source?
https://tradingeconomics.com/china/consumer-confidence https://www.china-briefing.com/news/chinas-august-2024-economy-record-export-growth-amid-domestic-challenges/ https://www.euronews.com/business/2024/09/09/europes-luxury-goods-market-set-to-feel-the-pinch-as-china-growth-weakens https://www.msn.com/en-us/money/markets/analysis-chinas-monetary-volleys-miss-key-threat-to-economic-growth/ar-AA1r9V9Q
Plus anecdotal stories from people I know that traveled to China in the past few months.
Basically, the post-COVID recovery was already slower than expected. Then the property sector all but halted. People are stuck with gig work and temporary contracts.
Why do you imagine the government is doling out money for the first time if everything is peachy?
ROFL, the consumer index that your first source portrays, is still twice that of Canada at 86 points Vs 45, and Germany's consumer index is -15 points... It's on par with Australia and Spain, so what does that tell you?
The rest aren't really indicators of Chinese people seeing the economy struggling aren't they? They're just western reports predicting the imminent collapse of the Chinese economy... as they've been doing for the past 20 years
I’m not going to do your homework for you. Suffice is to say China is still an emerging market and all indicators aside from exports are unusually low for the kind of economy China is. I don’t know what kind of point you’re trying to make because you seem to be skirting the issue. None of the pieces I linked proclaim China is about to collapse, only pointing out the challenges. Again: what the hell is your point?