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(NBC News)   China's economy grows 18.3 percent. Covid: "Hold my Tsing Tao"   (nbcnews.com) divider line
    More: Interesting, Consumption, Consumer spending, Economy, Republic of China, Joe Biden, Gross Domestic Product, Italy, country's gross domestic product  
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988 clicks; posted to Business » on 16 Apr 2021 at 12:35 PM (3 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2021-04-16 12:05:41 PM  
FTA: The country's gross domestic product soared 18.3 percent in the first quarter of this year when compared to the same period in 2020, according to official figures announced Friday.

The surge fell just short of expectations, however, with one Reuters poll anticipating growth of 19 percent.
It also illustrates the extent of the pandemic slowdown from which the world's second-largest economy is still recovering.


So they are judging China's economy like they do companies on the stock market? Is this normal?

FTA: "China was able to shut down many parts of the country very quickly. As a result of that they could get the consumers back spending money more quickly than they were able to do in Europe and the U.S. for example," said Collier.

Collier cautioned that while the growth figures were high, the "quality" of the growth was less so.
Much of China's economic recovery had relied on heavy state investment in industries like steel and concrete, he said, which risked imperiling the country's efforts to "rebalance" its economy toward domestic consumption and services.

"For every yuan they spend they get less and less impact," said Collier. "It's a very lopsided, heavily industrialized country that's growing slower and slower."


Slower than it's previous growth?
 
2021-04-16 12:38:58 PM  
Tsing Tao is a fine German beer
 
2021-04-16 12:41:05 PM  

Charles of York: Tsing Tao is a fine German beer


Japanese: Hold my sake
 
2021-04-16 1:16:23 PM  
They'd actually say "Hold my Snow".  Snow is the best selling beer in the world despite only being sold in China.
 
2021-04-16 1:22:44 PM  

Charles of York: Tsing Tao is a fine German beer


Qing Dao Mao Niao
 
2021-04-16 1:30:20 PM  
Buried lede: Compared to the final quarter of last year, China's economy grew by just 0.6 percent in the first three months of 2021, suggesting its economic recovery may actually be slowing down.
 
2021-04-16 1:33:31 PM  

Charles of York: Tsing Tao is a fine German beer


It was founded in 1903 by Bavarian settlers
 
2021-04-16 2:00:31 PM  

Nadie_AZ: FTA: The country's gross domestic product soared 18.3 percent in the first quarter of this year when compared to the same period in 2020, according to official figures announced Friday.
The surge fell just short of expectations, however, with one Reuters poll anticipating growth of 19 percent.
It also illustrates the extent of the pandemic slowdown from which the world's second-largest economy is still recovering.
So they are judging China's economy like they do companies on the stock market? Is this normal?
FTA: "China was able to shut down many parts of the country very quickly. As a result of that they could get the consumers back spending money more quickly than they were able to do in Europe and the U.S. for example," said Collier.
Collier cautioned that while the growth figures were high, the "quality" of the growth was less so.
Much of China's economic recovery had relied on heavy state investment in industries like steel and concrete, he said, which risked imperiling the country's efforts to "rebalance" its economy toward domestic consumption and services.
"For every yuan they spend they get less and less impact," said Collier. "It's a very lopsided, heavily industrialized country that's growing slower and slower."
Slower than it's previous growth?


It's growing! Everything is growing! Everything is good! Remain calm!
 
2021-04-16 2:30:02 PM  

vonster: Charles of York: Tsing Tao is a fine German beer

It was founded in 1903 by Bavarian settlers


"And that's how we got to drink Bavarian style lager, courtesy of the toughest screw at Qincheng"

external-content.duckduckgo.comView Full Size
 
2021-04-16 2:46:42 PM  
Yeah, compared to last year all growth indexes are going to be way up, since last year was a down year (many countries in the negative). Last year was an aberration.

But what was it compared to years 2015-2019?
 
2021-04-16 4:04:37 PM  

Nadie_AZ: FTA: The country's gross domestic product soared 18.3 percent in the first quarter of this year when compared to the same period in 2020, according to official figures announced Friday.

The surge fell just short of expectations, however, with one Reuters poll anticipating growth of 19 percent.
It also illustrates the extent of the pandemic slowdown from which the world's second-largest economy is still recovering.

So they are judging China's economy like they do companies on the stock market? Is this normal?

FTA: "China was able to shut down many parts of the country very quickly. As a result of that they could get the consumers back spending money more quickly than they were able to do in Europe and the U.S. for example," said Collier.

Collier cautioned that while the growth figures were high, the "quality" of the growth was less so.
Much of China's economic recovery had relied on heavy state investment in industries like steel and concrete, he said, which risked imperiling the country's efforts to "rebalance" its economy toward domestic consumption and services.

"For every yuan they spend they get less and less impact," said Collier. "It's a very lopsided, heavily industrialized country that's growing slower and slower."

Slower than it's previous growth?


Well, last quarter, the guy wrote 19.3% on his piece of paper, so, yes.
 
2021-04-16 8:57:36 PM  
Statistics from Communist sources are about as reliable as 60 Minutes, but I come close to repeating myself.
 
2021-04-16 9:46:03 PM  

Not_Todd: Statistics from Communist sources are about as reliable as 60 Minutes, but I come close to repeating myself.


Oooooh, this should be good: What news sources do you trust?
 
2021-04-16 10:38:53 PM  

vonster: Charles of York: Tsing Tao is a fine German beer

It was founded in 1903 by Bavarian settlers


Who were there because since 1897, Tsing Tao was the home port of the Imperial German Navy's East Asia Squadron, a sizable navy presence of very modern warships. Right until 1905, that is, when HMS Dreadnought was launched and every warship in the world became obsolete.

In 1914, they found themselves on the wrong side of the world with no way to resupply, set off for Germany and had two encounters with the Royal Navy. In the first, they met with considerable success. In the second - the battle of the Falkland Islands - they encountered a force led by two of the Royal Navy's most modern battlecruisers, and suffered a crushing defeat.
 
2021-04-17 1:20:01 AM  

vonster: Charles of York: Tsing Tao is a fine German beer

It was founded in 1903 by Bavarian settlers


Every major brewer in Mexico was founded by Germans. My paranoia is kicking.
 
2021-04-17 8:58:51 PM  
Empty SimCities in the desert unavailable for comment.
 
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