Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "China’s GDP Is Completely Falsified! Actual H1 GDP: -5%, Yearly Forecast: -10%." video.

  1. 📉 China's GDP growth of 5.5% in the first half of the year is likely overstated, with experts suggesting a contraction of around 6.4% based on tax revenue analysis. 00:24 China's GDP reached 59.3 trillion yuan in the first half of the year, with a year-over-year increase of 5.5% at constant prices. 00:24 Chinese citizens and international economists have expressed skepticism and a pessimistic outlook towards China's economic future. 00:39 The Chinese Communist Party has been criticized for manipulating statistical data, particularly GDP figures. 01:18 Various economic indicators point to a decline in the Chinese economy, including decreasing export orders, bankruptcies, and falling consumer spending. 01:34 A China-based big data expert suggests that China's GDP may have actually contracted by around 6.4% based on tax revenue analysis. 02:49 China's GDP Growth Is Inflated: Experts Suggest a 6.4% Contraction in the First Half of 2023, as Net Exports and Investment Decline, and Evergrande's Potential Bankruptcy Threatens the Real Estate Industry and Government Financing Platforms 📉 China's GDP components of net exports and investment are both showing declines, indicating a loss of momentum in the economy. 04:58 China's trade surplus decreased by 10.3% in the first half of the year, suggesting a decrease in earning power. 04:58 Net exports are unlikely to recover as supply chains move out of China and investments are withdrawn. 05:30 Fixed asset investment decreased by 10.4% in the first half of the year, indicating a loss of confidence in the future among private sectors. 05:43 Local governments, burdened with heavy debts, are unable to continue investing in infrastructure construction. 06:13 Government bond issuance for infrastructure investment has decreased by 27.4% due to local governments' inability to bear additional debts. 06:40 📉 China's economy experienced a significant contraction in net exports and investment, with modest growth in consumption. 07:36 The first half of this year saw a year-on-year decrease of 9.8% in China's economy, with a decrease in net exports and investment. 07:36 Retail data from entities above a certain limit showed a modest increase of 5.1% in retail sales compared to the same period last year. 08:21 The growth rate of car sales in the first half of this year was only 2.8%, indicating a sluggish consumer market. 10:33 The sale of excavators, a key indicator of investment activity, contracted by 44% in the first half of this year. 11:02 Overall, net exports and investment in China's economy contracted by 9.8% in the first half of this year, while consumption growth was only 5.1%. 11:20 📉 China's GDP is estimated to have declined by around 5% in the first half of the year and is expected to contract by around 10% for the whole year. 11:32 China's GDP in the first half of the year couldn't possibly have grown; it could only have declined by around 5%. 11:32 The situation will only worsen in the second half of the year, with an estimated annual GDP contraction of around 10%. 11:49 The Chinese Communist Party's leaders also recognize the severity of the economic situation. 12:00 Insufficient domestic demand, operational difficulties for some enterprises, and a complex external environment are major challenges for China's economy. 12:29 Consumer spending continues to decline, partly due to frugal habits formed during the pandemic. 13:31 ⚠ The Chinese real estate industry is facing a crisis as Evergrande's potential bankruptcy could trigger devaluations and impact government financing platforms and the banking system. 15:19 Evergrande, a Chinese real estate giant, reported a loss of 812 billion yuan over the past two years with total liabilities of 2.44 trillion yuan. 15:19 Evergrande's assets primarily consist of inflated lands recorded on paper, which would plummet in value once liquidated. 15:49 Hundreds of real estate companies in China have experienced bond defaults, breakdown of capital chain, or bankruptcy, leading to a surge in unfinished building projects. 16:29 Beijing authorities have rolled out policies to support private enterprises and boost investor confidence. 16:58 The Chinese stock market fell on the day when official media promoted 'heavyweight documents' supporting the private economy, indicating investor pessimism. 18:19 📉 Doubts arise about the CCP government's ability to support private enterprises and stimulate private investment in certain infrastructure sectors. 18:49 Hu Liren, a former private entrepreneur, doubts the practical implementation of government policies to support private enterprises. 18:49 Hu Liren observes that many Chinese entrepreneurs are not in a good state and maintains a pessimistic outlook for their future. 19:30 The CCP meeting acknowledges the complicated and severe external environment, impacting China's export trade. 19:57 Commentators believe there is no visible hope or bright spots for China's economy in the second half of the year. 20:12
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