image text translation
China’s millionaires eye the exit
as economic storm clouds
gather
Some 15,200 Chinese millionaires were
expected to relocate in 2024, according to
Henley & Partners.
The skyline of the Lujiazui financial district in Shanghai on
December 16 2079 [Hector RetamallAFP]
By Frederik Kelter
8 Jan 2025
this year
The number of rich people fleeing China reaches a record high.
I announced that I would do it.
image text translation
China’s Xi addresses economic
challenges in Taiwan
New Year speech
The Chinese leader projected confidence amidst
Beijing’s economic struggles and ahead ofthe
inauguration of Donald Trump set to take a hard
line on china
January 1, 2025
7min
182
Ka R: Joo Pki I {Loop Bone
EPLACE
place number K
Kn beam
The main reason is the worsening Chinese economy
. actually
Even Xi Jinping
What was discussed with Taiwan in the New Year’s speech?
‘
China’s economy is difficult, but it must weather this storm.
‘ go
Admitting that the economy is bad, asking for patience with the economic pain.
image text translation
China’s Stimulus
Disappoints As Iron
Ore Futures Drop
Finimize Newsroom
about 6 hours ago
1 min
Moreover, he confidently pushed
The prevailing view is that even China’s economic stimulus package has failed.
image text translation
Source
Indicator
2023
2024
2025
NBS
Real GDP growth (%)
5.2
4.8
Final consumption expenditure
4.3
2.4
Household consumption
3.6
N.A.
Government consumption
0.7
N.A.
Gross capital formation
1.5
1.3
netexports
actually
China’s National Bureau of Statistics estimates that the 2024 target growth rate of 5% will not be met and will be around 4%.
Enough to do it
image text translation
2024 in review
In 2024, we estimate that China’s GDP grew from 2.4 to 2.4.
2.896, well below the 489 annualized year-to-date
growth through Q3 reported by NBS The largest
area of divergence between official numbers and
ours was in gross fixed capital formation
(investment) with differences in household
consideration is also important
Overseas think tank
In the case of Rhodium Group, China’s growth rate in 2024 is set at only 2%.
.
image text translation
China’s share of exports in gross domestic
product (GDP) amounted to approximately
18.9 percent in 2023, decreasing from
19.6 percent in the previous year. The total
Chinese merchandise export value
amounted to around 23.8 trillion yuan that
year.
Dec 20, 2024
https://lwWw.statista.com
statistics
Share of China’s exports in GDP 2000-
2023
Statista
[
Even if we sell, sell, sell again, the share of China’s economy accounted for by Chinese exports is only 18% and is falling further.
]
then “
They say the manufacturing industry is strong and exports a lot? “
Although this question always arises
China is too big and has too many people, so even if it destroys the global manufacturing industry, it would be difficult to live well. Unless China’s domestic consumption is improving.
image text translation
IVIarKeu
YTe 99
aKe
Markets Sound Alarm Over
Deflationary Spiralin China
Investors are increasingly concerned about China
risks sliding into an economic malaise that could
last decades.
in
7
China’s 10 largest brokerages have all produced research on the
neighboring country’s Iost decadesina sign of
seriously
investors are taking the risk of Japanification Photographer: Na
Bian/Bloomberg
By Joanne
and EinbarrElynn
January 7,2025 at 3.00 pm MST
It’s over
how
Wong
Overseas investors sense China’s vicious deflation cycle and are stopping the Chinese market
Plus now
China’s export competitiveness is due to the lost 30 years of economic decline that Japan is currently experiencing.
second
caused
image text translation
Consumption: Falling
import despite demand
economic stimulus
program
China’s imports of consumer goods are on an
overall downward trend, reflecting domestic
Despite substitution and weak demand
Beijing’s announcement to stimulate
consumption, competition in the world’s
The second-largest import market is intensifying.
Chinese imports: Falling demand
sinolytics
and import substitution shrink
opportunities for foreign business
Chineseimports 0f consumer goods (YoY qrowth%)
40%
20%
0%
208
540%
-60%
-80%
IAN
F.E.B.
MAR
APR
MAY
IUN
JUL
AUG
SEP
OCT
NOV
Wages are stagnating or falling through deflation, so they are gaining at the expense of China’s domestic demand by making the Chinese people worse off.
Even if the Chinese Communist Party is happy
image text translation
China’s overqualified
taking jobs as
drivers, laborers and film
extras
BBCIRACHEL YU
Sun Zhan 25, graduated in finance He now Works asa
hotpot waiter in Nanjing in eastern China
youth
[A young Chinese man who graduated with a degree in finance and is an elite, but is working as a waiter at a spicy soup restaurant due to the poor economy]
Chinese people will forever be used as consumables by the Chinese Communist Party and then discarded, and their lives will become harsher and more unhappy.
image text translation
=
cbc Tctilorkcimcs
OPINION
GUEST ESSAY
Things Are Terrible
andThey’re Only Going to Get
Worse
Dec. 22, 2024
Europe;
[New York Times article that Europe’s economy is already terrible, but is set to get even worse]
and
People in other countries are losing their jobs as their industries collapse due to China’s low-price export offensive, and their economies are further deteriorating as a result.
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