China Reports Worst Economic Growth Since 1990

[dukkha]

China's economy grew 6.6% in 2018, the lowest pace in 28 years

https://www.cnbc.com/2019/01/21/chin...rter-year.html
China on Monday announced that its official economic growth came in at 6.6 percent in 2018 — the slowest pace since 1990.
That full-year figure matched expectations from analysts polled by Reuters.
Fourth-quarter GDP growth also matched expectations, coming in at 6.4 percent on-year from 6.5 percent in the third quarter.



Chinese statistics bureau chief Ning Jizhe told reporters on Monday that his country's trade dispute with the U.S. has affected the domestic economy, but the impact was manageable, Reuters reported. He said China's economy has shown a slowing but stabilizing trend in the last two months, and that it was still driven overall by domestic demand.

Even before increased trade tensions with the U.S., China was already trying to manage a slowdown in its economy.

Beijing is trying to balance a crackdown on high debt levels while also maintaining economic growth. While reducing reliance on debt would benefit the economy in the long run, it likely means a far slower pace of growth than the country has seen in recent years.

Nevertheless, economic data from China are being closely watched for signs of damage inflicted by the trade war with Washington.

While official data indicated China's economy held up for much of last year, it now appears to be slowing. Production metrics and export orders are falling as the country's trade dispute with the U.S. drags on and other factors weigh on growth.

Both sides have been trying to negotiate a deal.

China has offered a six-year boost in imports during its ongoing talks with the U.S., officials familiar with the matter told CNBC last week.

China pegged its proposal to buy more U.S. goods through 2024 to President Donald Trump's hopes of being re-elected in 2020, the sources told CNBC.

China's top trade negotiator, Vice Premier Liu He, will visit Washington, D.C., on Jan. 30 for two days of talks with U.S. trade representative Robert Lighthizer.
China to boost economy through policies

Acknowledging that China's development faces a more complicated and difficult external environment in 2019, the country's statistics bureau chief Ning said there is still ample ability to institute new support, Reuters reported.

Analysts are expecting Beijing to roll out further stimulus in the month ahead.

Tao Wang, UBS Investment Bank's Asia economics head and chief China economist, said she expected Beijing to roll out further cuts to the reserve requirement ratio — the amount of cash that banks have to hold as reserves.

Together with other policy tweaks such as tax cuts and infrastructure spending, China's growth can be stabilized so that the economy achieves a "soft landing," Wang told CNBC. UBS forecast China's GDP growth to be 6.1 percent in 2019.

[reagansghost]

China's economy grew 6.6% in 2018, the lowest pace in 28 years

https://www.cnbc.com/2019/01/21/chin...rter-year.html
China on Monday announced that its official economic growth came in at 6.6 percent in 2018 — the slowest pace since 1990.
That full-year figure matched expectations from analysts polled by Reuters.
Fourth-quarter GDP growth also matched expectations, coming in at 6.4 percent on-year from 6.5 percent in the third quarter.



Chinese statistics bureau chief Ning Jizhe told reporters on Monday that his country's trade dispute with the U.S. has affected the domestic economy, but the impact was manageable, Reuters reported. He said China's economy has shown a slowing but stabilizing trend in the last two months, and that it was still driven overall by domestic demand.

Even before increased trade tensions with the U.S., China was already trying to manage a slowdown in its economy.

Beijing is trying to balance a crackdown on high debt levels while also maintaining economic growth. While reducing reliance on debt would benefit the economy in the long run, it likely means a far slower pace of growth than the country has seen in recent years.

Nevertheless, economic data from China are being closely watched for signs of damage inflicted by the trade war with Washington.

While official data indicated China's economy held up for much of last year, it now appears to be slowing. Production metrics and export orders are falling as the country's trade dispute with the U.S. drags on and other factors weigh on growth.

Both sides have been trying to negotiate a deal.

China has offered a six-year boost in imports during its ongoing talks with the U.S., officials familiar with the matter told CNBC last week.

China pegged its proposal to buy more U.S. goods through 2024 to President Donald Trump's hopes of being re-elected in 2020, the sources told CNBC.

China's top trade negotiator, Vice Premier Liu He, will visit Washington, D.C., on Jan. 30 for two days of talks with U.S. trade representative Robert Lighthizer.
China to boost economy through policies

Acknowledging that China's development faces a more complicated and difficult external environment in 2019, the country's statistics bureau chief Ning said there is still ample ability to institute new support, Reuters reported.

Analysts are expecting Beijing to roll out further stimulus in the month ahead.

Tao Wang, UBS Investment Bank's Asia economics head and chief China economist, said she expected Beijing to roll out further cuts to the reserve requirement ratio — the amount of cash that banks have to hold as reserves.

Together with other policy tweaks such as tax cuts and infrastructure spending, China's growth can be stabilized so that the economy achieves a "soft landing," Wang told CNBC. UBS forecast China's GDP growth to be 6.1 percent in 2019.

---------------

The US trade deficit hit $55.5 billion in October, the highest since October 2008.

The increase in the deficit is the result of continued growth in imports, while exports actually fell.

The trade deficit with China also hit a record level.

One of President Donald Trump's goals for the trade war was to reduce the trade deficit, but the president's own policies are likely in part prompting the widening gap.

[dukkha]

---------------

The US trade deficit hit $55.5 billion in October, the highest since October 2008.

The increase in the deficit is the result of continued growth in imports, while exports actually fell.

The trade deficit with China also hit a record level.

One of President Donald Trump's goals for the trade war was to reduce the trade deficit, but the president's own policies are likely in part prompting the widening gap.

red hot consumer economy is trade deficit.
Soybean export loss
New trade agreement will open up more markets when/if it gets done. Looking more an more like we'll have it by March

[reagansghost]

red hot consumer economy is trade deficit.
Soybean export loss
New trade agreement will open up more markets when/if it gets done. Looking more an more like we'll have it by March

oopsy

The US trade deficit hit $55.5 billion in October, the highest since October 2008.

The increase in the deficit is the result of continued growth in imports, while exports actually fell.

The trade deficit with China also hit a record level.

One of President Donald Trump's goals for the trade war was to reduce the trade deficit, but the president's own policies are likely in part prompting the widening gap.

[reagansghost]

oh my

The deficit edged up 1.7% to $55.5 billion from a revised $54.6 billion in September, the Commerce Department said Thursday. That’s the biggest shortfall since October 2008, and ironically, it stems in part from tariffs imposed by President Trump in an effort to reduce the deficit.

Economists polled by MarketWatch had forecast a $55.1 billion gap.

What happened: Imports rose 0.2% to a record $266.5 billion in October.


https://www.marketwatch.com/story/us...nce-2018-12-06

[reagansghost]

holy cow!!

https://www.thebalance.com/thmb/VYMs...0026d0be9b.png

[archives]

China's economy grew 6.6% in 2018, the lowest pace in 28 years

https://www.cnbc.com/2019/01/21/chin...rter-year.html
China on Monday announced that its official economic growth came in at 6.6 percent in 2018 — the slowest pace since 1990.
That full-year figure matched expectations from analysts polled by Reuters.
Fourth-quarter GDP growth also matched expectations, coming in at 6.4 percent on-year from 6.5 percent in the third quarter.



Chinese statistics bureau chief Ning Jizhe told reporters on Monday that his country's trade dispute with the U.S. has affected the domestic economy, but the impact was manageable, Reuters reported. He said China's economy has shown a slowing but stabilizing trend in the last two months, and that it was still driven overall by domestic demand.

Even before increased trade tensions with the U.S., China was already trying to manage a slowdown in its economy.

Beijing is trying to balance a crackdown on high debt levels while also maintaining economic growth. While reducing reliance on debt would benefit the economy in the long run, it likely means a far slower pace of growth than the country has seen in recent years.

Nevertheless, economic data from China are being closely watched for signs of damage inflicted by the trade war with Washington.

While official data indicated China's economy held up for much of last year, it now appears to be slowing. Production metrics and export orders are falling as the country's trade dispute with the U.S. drags on and other factors weigh on growth.

Both sides have been trying to negotiate a deal.

China has offered a six-year boost in imports during its ongoing talks with the U.S., officials familiar with the matter told CNBC last week.

China pegged its proposal to buy more U.S. goods through 2024 to President Donald Trump's hopes of being re-elected in 2020, the sources told CNBC.

China's top trade negotiator, Vice Premier Liu He, will visit Washington, D.C., on Jan. 30 for two days of talks with U.S. trade representative Robert Lighthizer.
China to boost economy through policies

Acknowledging that China's development faces a more complicated and difficult external environment in 2019, the country's statistics bureau chief Ning said there is still ample ability to institute new support, Reuters reported.

Analysts are expecting Beijing to roll out further stimulus in the month ahead.

Tao Wang, UBS Investment Bank's Asia economics head and chief China economist, said she expected Beijing to roll out further cuts to the reserve requirement ratio — the amount of cash that banks have to hold as reserves.

Together with other policy tweaks such as tax cuts and infrastructure spending, China's growth can be stabilized so that the economy achieves a "soft landing," Wang told CNBC. UBS forecast China's GDP growth to be 6.1 percent in 2019.

You post this as if it is some kind of victory for Trump, as if it is going to have the effect of pushing China to the negotiating table, it isn't, the one reality you keep overlooking is that China is an autocracy, they aren't worry about its effects on the Chinesse people, nor are the people going to rise in and demand action, the leaders can pretty much do what they want including waiting two years till Trump fades

[Adolf_Twitler]

Whatever China's GDP is, It's better than ours.

And that's not because of unfair trading, but because China seems to be manufacturing more things that most people in the world want- and the price is competitive.

If we raise tariffs on China, China will just trade with other partners in the world.

If America wants to win the trade wars, we need to be manufacturing the things people around the world most want and make sure our price is compatible on the world market like China's stuff is.

The true problem Donald Trump personally has with China is he owes China Billions of dollars in loans, and every time their Yuan gains on the American Dollar, he ends up just owing them more money!

What Donald Trump is trying to do is he thinks he hurts their Yuan by creating a trade war! But, it don't work like that!

China just trades elsewhere in the world!

[Bill]

Good point, hurting China does not = good for us....

[dukkha]

Whatever China's GDP is, It's better than ours.

And that's not because of unfair trading, but because China seems to be manufacturing more things that most people in the world want- and the price is competitive.

If we raise tariffs on China, China will just trade with other partners in the world.

If America wants to win the trade wars, we need to be manufacturing the things people around the world most want and make sure our price is compatible on the world market like China's stuff is.

The true problem Donald Trump personally has with China is he owes China Billions of dollars in loans, and every time their Yuan gains on the American Dollar, he ends up just owing them more money!

What Donald Trump is trying to do is he thinks he hurts their Yuan by creating a trade war! But, it don't work like that!

China just trades elsewhere in the world!

no. USA is the single largest China market.
It's an export driven economy, and can't pay for it's infrastructure advances without balance of trade cash.

If America wants to win the trade wars, we need to be manufacturing the things people around the world most want and make sure our price is compatible on the world market like China's stuff is.

we ARE manufacturing "things people want" -we just added 500k manufacturing jobs

[Bourbon]

When did China ever get to the 1900?

[dukkha]

Good point, hurting China does not = good for us....

tariffs hurt China and the USA both.
But China does not respond to legal niceties or jawboning.

The tariffs are the sticks -new trade agreement that helps BOTH countries are the carrot goal
you are correct -trade is not a zero sum game

[Adolf_Twitler]

no. USA is the single largest China market.
It's an export driven economy, and can't pay for it's infrastructure advances without balance of trade cash.

we ARE manufacturing "things people want" -we just added 500k manufacturing jobs

We need China worse than they need us!

They are financing our National debt for one!

[Bill]

Tis interesting that they have yet to play or threaten to play that card, yet......

[Bigdog]

The true problem Donald Trump personally has with China is he owes China Billions of dollars in loans, and every time their Yuan gains on the American Dollar, he ends up just owing them more money!

What Donald Trump is trying to do is he thinks he hurts their Yuan by creating a trade war! But, it don't work like that!

China just trades elsewhere in the world!

Where's the link for that claim? ... in your ass? ... because that's obviously where you pulled it from.

How can American workers compete with low-wage Chinese workers? What is the liberal's solution?