Comments by "Vale Tudo" (@valetudo1569) on "Goldman Sachs, Nomura cut China GDP forecasts | Business News | WION" video.

It's called the news
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How does that apply to China in this video?
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Wow somebody knows nothiiiing about economics. 1. China's export rising is largely due to stronger foreign currencies and a weaker yuan...not an actual increase in value. Ie - you sell something for 10$ today, and then in one year there is 50% inflation and now you sell the same thing for 15$. You actually did not make more, because the actual value of what you sold is the same. 2. A better indicator of China's economy are their imports - which reflect economic demand. Imports have gone down, which shows Chinese domestic consumption is weak. 3. China's economy cannot solely rely on exports anymore. That worked 10-30 years ago, it doesn't work as well today. Especially considering China cannot progress to an advanced/developed economy by relying on exports so much... they need domestic consumption and innovation.
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Get used to that 2.8 for a very long time, and eventual stagnation. Nomore debt-fueled property boom, and a shrinking population.....not to mention the Zero Covid Policy
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I've been saying since the start of the lockdowns in Shanghai that the economic forecasts were way too high, and growth was likely to be sub 3%. All of these major institutions were saying 4.5... ridiculous. It's becoming so clear to me how little all of these giant institutions that forecast are either ignorant or choose to be ignorant on China's economy
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@stun star Why are you talking about India? This video and my comment are about China. Weird Anyways, your comparison is whacky. You don't compare the growth rate of two economies by taking the growth rate of the larger economy, multiplying it by the size difference and think that it's something meaningful. It doesn't work like that
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蔡English Yep 我知道 and I agree. Exports largely rely on foreign demand, so it is not a good indicator of the domestic economy
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