Comments by "Peter Jacobsen" (@pjacobsen1000) on "China records second-lowest economic growth figure in almost 50 years after Covid-ravaged 2022" video.

  1. Just for reference, China-Russia trade makes up 3% of China's total trade, so a 29.3% increase in China-Russia trade is equal to an increase of 0.9% in China's total trade. It's not nothing but it is also not everything.
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  2. Another challenge for 2023: China's two biggest export markets are EU and North America. If those two regions have a recession, as many economists predict, consumers there will likely buy fewer goods, negatively affecting China's exports.
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  3. Didn't Xi just say a few weeks ago that growth was over 4%? Maybe he was referring only to Q4. But even that seems high.
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  4. Yes, I agree. In China, any type of news should always have a positive spin: "Man Dying in Traffic Accident Means Higher Profit For Undertaker".
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  5.  @sweesboey7177  Thanks for the correction. I didn't know ASEAN imported that much from China.
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  6. I'm sure Li Keqiang is looking forward to a well-deserved retirement. Maybe a cottage in the mountains of southern Anhui, his home province. He can look out over the beautiful scenery, drink a cup of Huangshan Maofeng tea and contemplate the human condition.
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  7.  @sweesboey7177  Yes, but it's always a problem when your customers buy less. That is the same for every country, not just China.
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  8. That's not a new term. 'Negative growth' is a standard term in economics and other fields.
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