Growth in China is expected to slow to 4. 3% in 2022, according to the World Bank. . . marking a strong low of 0. 8% compared to the December forecast.
The report doesn’t seem to take into account the news that has been causing a stir in the markets lately; they have an effect on the conceivable lifting of U. S. price lists. U. S. for Chinese products. If it turns out to be a step-by-step process, as expected, some have an effect on the fourth quarter figures. For 2023? Maybe not the party’s expectations of 5. 5%, obviously, but it paves the way for a learned projection of 4. 7% in 2023.
SkepticSchool 07:16 JST
The report doesn’t seem to take into account the news that has been causing a stir in the markets lately; they have an effect on the conceivable lifting of U. S. price lists. U. S. for Chinese products. If it turns out to be a step-by-step process, as expected, some have an effect on the fourth quarter figures. For 2023? Maybe not the party’s expectations of 5. 5%, obviously, but it paves the way for a learned projection of 4. 7% in 2023.
Agreed.
No matter how many predictions are made to slow China’s growth, the truth has proven otherwise.
The main challenge that is reducing forecasts is that China has no exit strategy, endless blockades and economic paralysis at epidemic sites as the only weapon it is in a position to use. No progress since 2020, no plan to lessen the threat of infection in the long term.
This will continue again and again because stupid covid restriction measures coupled with uncontrollable printing and spending will cause economies around the world to collapse.
Shanghai is back in a partial lockdown as the number of people rises again.