China's economic downturn leads to increased worker protests and strikes across the country

[Jlaw]

Not to worry. Once China steals SpaceX's new engine, it will send all the unemployed to the moon.

Better yet it's best to send them to US and MAGA.

LOL with our social credit face recognition AI system, deadbeat employers cannot run very far from the arm of the law!

How it works is that if an employer delays my pay I will not show up for further work until they pay me. I don't understand why these peasants continue working when they never got pay the first time.

 

[INDIAISM]

Chinese GDP growth rate @ 6.5% = economic downturn
American GDP growth rate @ 3.0% = economic miracle

Strange logic

U.S population is around 330 Million yours is around 1400 Million...Their per capita income is 62000$ yours is around 10000$...So even with 3% they are adding 1800 $ to their per capita income on the other hand you with 6.9% adding around 690$ to your per capita....

 

[lcloo]

U.S population is around 330 Million yours is around 1400 Million...Their per capita income is 62000$ yours is around 10000$...So even with 3% they are adding 1800 $ to their per capita income on the other hand you with 6.9% adding around 690$ to your per capita....

In an idea condition, what you said is true. However, in reality, the wealth gap in US means there is a HUGE difference in GDP gains for the wealthy 1% Americans and the rest, especially the bottom 50% of American household.

Thus using GDP per capital for comparison between US and China has huge flaw.


Wealth inequality in the United States (also known as the wealth gap[2]) is the unequal distribution of assets among residents of the United States. Wealth includes the values of homes, automobiles, personal valuables, businesses, savings, and investments.[3] The net worth of U.S. households and non-profit organizations was $94.7 trillion in the first quarter of 2017, a record level both in nominal terms and purchasing power parity.[4] If divided equally among 124 million U.S. households, this would be $760,000 per family; however, the bottom 50% of families, representing 62 million American households, average $11,000 net worth.[5] From an international perspective, the difference in US median and mean wealth per adult is over 600%.[6]

CBO Chart, U.S. Holdings of Family Wealth 1989 to 2013. The top 10% of families held 76% of the wealth in 2013, while the bottom 50% of families held 1%. Inequality worsened from 1989 to 2013.[1]



Just prior to President Obama's 2014 State of the Union Address, media[7] reported that the top wealthiest 1% possess 40% of the nation's wealth; the bottom 80% own 7%; similarly, but later, the media reported, the "richest 1 percent in the United States now own more additional income than the bottom 90 percent".[8] The gap between the top 10% and the middle class is over 1,000%; that increases another 1,000% for the top 1%. The average employee "needs to work more than a month to earn what the CEO earns in one hour."[9] Although different from income inequality, the two are related. In Inequality for All—a 2013 documentary with Robert Reich in which he argued that income inequality is the defining issue for the United States—Reich states that 95% of economic gains went to the top 1% net worth (HNWI) since 2009 when the recovery allegedly started.[10] More recently, in 2017, an Oxfam study found that eight rich people, six of them Americans, own as much combined wealth as half the human race.[11][12][13]

A 2011 study found that US citizens across the political spectrum dramatically underestimate the current US wealth inequality and would prefer a far more egalitarian distribution of wealth.[14]

 

[S10]

U.S population is around 330 Million yours is around 1400 Million...Their per capita income is 62000$ yours is around 10000$...So even with 3% they are adding 1800 $ to their per capita income on the other hand you with 6.9% adding around 690$ to your per capita....

China's GDP is already larger than US in terms of PPP and will exceed it in nominal terms within a decade. Funny that you mentioned per capita income. If India is only at $2000 and China is at $9000, did you just admit you will never see India come anywhere close to China?

 

[Pakistani Aircraft]

Wt 25% tariff, it will be enough to create a serious uprising in CN due to hundred million workers loss their jobs.

CN "help" US to destroy Soviet, but who help CN when US destroy CN ha ha ??

Can US even destroy China?

China is not some little Vietnam who's people can be napalmed.

 

[Viva_Viet]

It shows how brain washing works in the West. They spin the growth rate at 6.5% up from previous year into "economic down turns", a false perception of negative growth, and the rest just take it.

6.5 % mainly tks to FDI companies in CN while your own companies like Huawei r dying.

When tariff is 25% , all FDI companies will leave and your growth go back to 0% like in 1979 when CN GDP per capital merely 300 usd.

 

[beijingwalker]

How come we in China don't know we are protesting...ALL ACROSS CHINA, LOL.. The western media is really losing it.

 

[Place Of Space]

Across the country the workers are protesting. I am so familiar with the videos, wait, it happens often in America right?

 

[Kai Liu]

U.S population is around 330 Million yours is around 1400 Million...Their per capita income is 62000$ yours is around 10000$...So even with 3% they are adding 1800 $ to their per capita income on the other hand you with 6.9% adding around 690$ to your per capita....

And at the same time, you call indian GDP growth a "miracle"... Lol....

 

[Jlaw]

Across the country the workers are protesting. I am so familiar with the videos, wait, it happens often in America right?

India had a 200 milion workers protest around 1 month ago. The Hindu media was all hush hush. As well as Hindu Harmotia

 

[beijingwalker]

On one hand the western media wants the world to believe that China is collapsing and imploding, on the other hand they keep crying about China's threat of taking over the world in the coming years. Do they have the faintest idea of what the word "consistency" means?

 

[Viva_Viet]

On one hand the western media wants the world to believe that China is collapsing and imploding, on the other hand they keep crying about China's threat of taking over the world in the coming years. Do they have the faintest idea of what the word "consistency" means?

But its true. Huawei is dying, the staff and chairman will be arrested if travelling to US or US allies nations. 25 % tariff is just the matter of time after Huawei really dead, and 25 % will make CN collapse.

 

[rott]

Chinese GDP growth rate @ 6.5% = economic downturn
American GDP growth rate @ 3.0% = economic miracle

Strange logic

You just summed up the whole thread with a single post.