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Thomas Rogers
Bloomberg Television
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Comments by "Thomas Rogers" (@thomasrogers9146) on "Chinese Stocks Likely to Outperform in 2024: Fidelity" video.
The chinese has said over and over and over that the stock market is not an indication of a prosperous nation. The stock market is an indication of how the rich are doing not all the citizens. CHINA IS DONE WITH WESTERN STYLE SPECULATION IN EVERY SECTOR OF THEIR ECONOMY. THEY HAVE SEE THE DAMAGE CAUSED BY OVER LEVERAGING AND SPECULATION IN 30% THEIR ECONOMY. REAL ESTATE.. THEY ARE VERY SMART,WILLING TO ADMIT TO THEIR FAULURS, MAKE COURSE CORRECTIONS AND KEEP PROGRESSING. THEY DO NOT NEED FDI IN THEIR ECONOMY. THE HAVE 18 TRILLION IS DOMESTIC SAVINGS AND 1 TRILLION IN TRADE SURPLUS A YEAR AND GOVERNMENT DEBT OF 12.5 TRILLION DOLLARS.
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The chinese have made it quiet clear, that they are NOT GOING TO ALLOW THEIR ECONOMY TO BECOME A CASINO FOR WESTERN INVESTORS. THEY SAID THEY ARE GOING TO POP THE REAL ESTATE BOBBLE, THEY DID THEY SAID NO BAIL OUT FOR INVESTORS, THEY DID. THEIR TARGET ECONOMIC GROWTH FOR LAST YEAR WAS 5% THEY ACHIEVED 5.2% THEIR GOAL FOR THIS FISCAL YEAR IS 5%,WHICH THEY WILL ACHIEVED AS THEY DECOUPLE FROM THE WEST AND FOCUS ON THE GLOBAL SOUTH MARKETS WHICH IS 85% OF THE GLOBAL POPULATION. THEY ARE ALREADY THE WORLDS LARGEST TRADING PARTNER WITH 1 TRILLION DOLLARS TRADE SURPLUS A YEAR.THEY ARE FOCUSED ON BUILDING A STABLE ECONOMIC SYSTEM BASES ON COMMON PROSPERITY FOR ALL THEIR CITIZENS AND MANUFACTURING HIGH VALUE ADDED GOODS AND ARE DONE WITH LOW VALUE ADDED MANUFACTURING. THEY TOLD THE WORLD WHAT THEY ARE GOING TO DO. WHY IS WESTERN MEDIA SO OBSESSED WITH BASHING THE CHINESE ECONOMY? THEY TOLD WESTERN CAR MAKERS THAT THEY ARE GOING TO PIVOT TO EV,S 10 YEARS AGO. WESTERN CAR MAKERS DID NOT LISTEN. THE BELIEF IN THE WEST IS,WE ARE GOING TO MAKE A 5000 YEAR OLD CIVILIZATION INTO OUR IMAGE AND DO NOT HAVE TO LISTEN TO WHAT THE CHINESE ARE SAYING.
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