China's economy is showing signs of improvement with real estate bond prices rising and PMI data improving. The Economist highlights China's recovery plan. Reports suggest China's GDP growth is expected to reach 5.3% in 2024, outpacing the U.S. growth rate. The Biden administration expresses concerns over Chinese 'overcapacity' due to China's faster economic growth compared to the U.S.
Despite the relentless Western voodoo against China's economy, growth has been revving up nicely this year. Now, an ASEAN outfit has forecast Chinese expansion in 2024 of 5.3% - against Beijing's own 5% and Bloomberg's stingy 4.6%. Eat your hearts out, Gordon Chang &… https://t.co/WPttSEGR31
How did China's economy grow twice as fast as U.S. in 2023? https://t.co/km6hdHoJ7Z
According to the World Bank, the U.S. #economy will grow at 1.6% this year (2024). Meanwhile, #China is targeting 5% real GDP growth, which is more than 3x faster than the US. No wonder the Biden admin is crying about Chinese “overcapacity.” https://t.co/uuqegg0pe9
China's GDP growth expected to grow at 5.3% in 2024: report https://t.co/RpmY5AALNx
On China: The Economist has an article about China’s ‘misguided recovery plan’ Meanwhile, there is another indicator (China real estate bond prices) showing improvement And we saw the PMI data improve last week also Remember two weeks ago when the Economist had Uncle Sam on… https://t.co/7g60WFhkU9 https://t.co/k3VPaYi1hE