Jason Posted October 17, 2022 Share Posted October 17, 2022 China Delays the Release of G.D.P. and Other Economic Data - The New York Times WWW.NYTIMES.COM The unusual move comes as the country’s ruling elite have gathered in Beijing for the twice-a-decade national congress of the Communist Party. Quote Link to comment Share on other sites More sharing options...
Mr.Vic20 Posted October 17, 2022 Share Posted October 17, 2022 So the nation of China has adopted the Microsoft strategy for Xbox? 2 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted October 17, 2022 Share Posted October 17, 2022 That's not exactly a confidence-building measure. Quote Link to comment Share on other sites More sharing options...
ThreePi Posted October 17, 2022 Share Posted October 17, 2022 Ole' "Soft on China" Biden putting the Chinese economy ahead of 'Merica. Quote Link to comment Share on other sites More sharing options...
outsida Posted October 18, 2022 Share Posted October 18, 2022 Getting harder to cook the books I see… Quote Link to comment Share on other sites More sharing options...
Signifyin(g)Monkey Posted October 18, 2022 Share Posted October 18, 2022 The gathering of the National Congress is more than an electoral event or a ‘session of Congress’ as we think of it—it’s kind of like a huge royal ceremony spliced with policy discussions and political maneuvering. My best guess as to what’s probably going on is the following: Because of the symbolic importance of the ceremony, if the GDP stats don’t look good, the imperial administrators are not going to spoil it by releasing them while it’s going on. Doing so would cause both the emperor (Xi) and the whole imperial senate (the party) to ‘lose face’ in front of the whole world, and in front of the Chinese citizenry, which could easily lead to political panic and instability. Plus in Chinese culture there’s literally nothing worse than losing face. Like, wars have been started over it. IMO, Like outsida alluded to, they’ll release the sketchily ‘revised’ stats after the ceremony’s done. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted October 18, 2022 Share Posted October 18, 2022 47 minutes ago, Signifyin(g)Monkey said: The gathering of the National Congress is more than an electoral event or a ‘session of Congress’ as we think of it—it’s kind of like a huge royal ceremony spliced with policy discussions and political maneuvering. My best guess as to what’s probably going on is the following: Because of the symbolic importance of the ceremony, if the GDP stats don’t look good, the imperial administrators are not going to spoil it by releasing them while it’s going on. Doing so would cause both the emperor (Xi) and the whole imperial senate (the party) to ‘lose face’ in front of the whole world, and in front of the Chinese citizenry, which could easily lead to political panic and instability. Plus in Chinese culture there’s literally nothing worse than losing face. Like, wars have been started over it. IMO, Like outsida alluded to, they’ll release the sketchily ‘revised’ stats after the ceremony’s done. The timing of the postponement is unquestionably related to the National Congress of the CCP (and its "decision" to bequeath to Xi a third five-year term as General Secretary), but it also speaks volumes of the PRC's sense of confidence (arrogance?) that it knows full well that the external financial world will view the postponement and subsequently-released data with some degree of skepticism and their response is effectively, "Yeah, maybe we're cooking the data, but so what? What are you gonna do about it?" Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted October 18, 2022 Share Posted October 18, 2022 Who said that quote about luck/history favouring the _____, the _____, and the Americans? Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted October 18, 2022 Share Posted October 18, 2022 10 minutes ago, CitizenVectron said: Who said that quote about luck/history favouring the _____, the _____, and the Americans? Otto von Bismarck 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted October 18, 2022 Share Posted October 18, 2022 The semiconductor setback mentioned above is the work of President Brandon and worth looking into if you’re interested Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted October 18, 2022 Share Posted October 18, 2022 With companies like Apple hedging against China by starting to assemble tech products in Thailand and India, I can't imagine it's going to be long before other companies do the same. I'd imagine this is going to "get worse" sooner rather than later. Quote Link to comment Share on other sites More sharing options...
Zaku3 Posted October 18, 2022 Share Posted October 18, 2022 3 minutes ago, Kal-El814 said: With companies like Apple hedging against China by starting to assemble tech products in Thailand and India, I can't imagine it's going to be long before other companies do the same. I'd imagine this is going to "get worse" sooner rather than later. Wait capital has no loyalty? But guys this is clearly just a galaxy brain strat. You can't have bad economic news if there isn't any economics new. IB4 China is the first 10 trillion dollar economy because they say so. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted October 18, 2022 Share Posted October 18, 2022 2 minutes ago, Zaku3 said: IB4 China is the first 10 trillion dollar economy because they say so. You're just a little behind the curve here The United States is a $23 trillion economy The PRC is an $18 trillion economy Quote Link to comment Share on other sites More sharing options...
Zaku3 Posted October 18, 2022 Share Posted October 18, 2022 3 minutes ago, Commissar SFLUFAN said: You're just a little behind the curve here The United States is a $23 trillion economy The PRC is an $18 trillion economy CCP Quote Link to comment Share on other sites More sharing options...
unogueen Posted October 20, 2022 Share Posted October 20, 2022 On 10/18/2022 at 1:43 PM, Kal-El814 said: With companies like Apple hedging against China by starting to assemble tech products in Thailand and India, I can't imagine it's going to be long before other companies do the same. I'd imagine this is going to "get worse" sooner rather than later. China is already heavily invested is SEA development. Trickle up is back on the menu. Quote Link to comment Share on other sites More sharing options...
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