Will China lose the US trade war
Chinese "comrades" from the local state statistical office continue to impartially record what is happening in the national the economy. According to them, the GDP of the Middle Kingdom in the third quarter of 2018 slowed to 6,5%, i.e. it is growing, but at a lower rate.
The fact of this, made it possible for some “analysts” to conclude that China was losing the US trade war and Washington’s sanctions would ultimately “kill” Beijing. After that, Bloomberg agency trumpeted this all over the planet. It still some five years ago used a certain credit of trust, and was very authoritative. But lately, it has been sliding more and more to the level of base propaganda, becoming a tool in the information war with US competitors.
First you need to clarify that the trade war between Washington and Beijing has just begun. For several months to draw conclusions is simply ridiculous. In addition, the US GDP growth "hangs" at the level of 2%, so before talking about the "disaster" in China, you need to look for "logs" in yourself.
For a decade now, China's economic growth has been slowing down and slowing down. And this is caused by objective factors. Well, he can’t constantly grow at 10-15 percent per year. It is physically impossible. Similar gushing ups of the economy always slow down. And nothing new "experts" from Bloomberg did not open. They only categorically give out the wish for the reality.
After all, it was the Chinese authorities for 2018 that set the bar for GDP growth of 6,5%. After that, in the first quarter of this year, the economy grew by 6,8%, and in the second quarter by 6,7%, and now it reached 6,5% in the third quarter. This suggests that they are more competent than the "analysts" Bloomberg, who, without hesitation, operate on the principle of "half-finger-ceiling."
In 2017, the Chinese economy showed GDP growth of 6,9%, and in 2016 by 6,7%. It constantly either slightly accelerates growth, then slightly reduces it. It all depends on many factors, including energy prices, which China consumes in incredible quantities. But the general downward trend in growth persists, if we take statistics not over several years, but over a much longer time period. For example, in 2006, China's GDP growth was 11,1%. So some countries are simply jealous of the slowdown that is observed in China, because for them such indicators are unattainable in principle.
The fact of this, made it possible for some “analysts” to conclude that China was losing the US trade war and Washington’s sanctions would ultimately “kill” Beijing. After that, Bloomberg agency trumpeted this all over the planet. It still some five years ago used a certain credit of trust, and was very authoritative. But lately, it has been sliding more and more to the level of base propaganda, becoming a tool in the information war with US competitors.
First you need to clarify that the trade war between Washington and Beijing has just begun. For several months to draw conclusions is simply ridiculous. In addition, the US GDP growth "hangs" at the level of 2%, so before talking about the "disaster" in China, you need to look for "logs" in yourself.
For a decade now, China's economic growth has been slowing down and slowing down. And this is caused by objective factors. Well, he can’t constantly grow at 10-15 percent per year. It is physically impossible. Similar gushing ups of the economy always slow down. And nothing new "experts" from Bloomberg did not open. They only categorically give out the wish for the reality.
After all, it was the Chinese authorities for 2018 that set the bar for GDP growth of 6,5%. After that, in the first quarter of this year, the economy grew by 6,8%, and in the second quarter by 6,7%, and now it reached 6,5% in the third quarter. This suggests that they are more competent than the "analysts" Bloomberg, who, without hesitation, operate on the principle of "half-finger-ceiling."
In 2017, the Chinese economy showed GDP growth of 6,9%, and in 2016 by 6,7%. It constantly either slightly accelerates growth, then slightly reduces it. It all depends on many factors, including energy prices, which China consumes in incredible quantities. But the general downward trend in growth persists, if we take statistics not over several years, but over a much longer time period. For example, in 2006, China's GDP growth was 11,1%. So some countries are simply jealous of the slowdown that is observed in China, because for them such indicators are unattainable in principle.
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