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  • China GDP: economy avoids recession with second-quarter growth of 3.2 per cent amid coronavirus recovery

    From scmp.com

    China avoided a recession after its economy grew by 3.2 per cent in the second quarter of 2020, indicating a recovery from the damage caused by the coronavirus pandemic. The world’s second largest economy had shrank by 6.8 per cent in the first three months of the year, the first contraction since the end of the Cultural Revolution in 1976. The median forecast of analysts polled by Bloomberg had predicted growth of 2.4 per cent in the second quarter. A technical recession is defined as two consecutive quarters of contraction in gross domestic product. chart The data confirmed that China will be probably the first ... (full story)

Added at 10:14pm

  • China's Economy Returns To Growth In Q2 But Retail Sales Continue To Contract

    From zerohedge.com

    Judging by the Chinese stock market, Chinese credit impulse data, and Chinese PMIs, tonight's GDP data should be a big winning rebound proving the communist nation has overcome the viral enemy and is back on its path to global economic domination. chart The "v-shaped" recovery in all the PMIs is rather impressively well managed... chart And Total Social Financing is soaring at a record pace... chart And while trade data rebounded surprisingly in June (as it stepped up efforts to meet the terms of the U.S. trade deal), it remains well down from 2019 in the first six months of 2020, but rebounds are expected ... (full story)

this sounds all familiar....debt trap. get people money into their banking and sell bonds. that is based on these fake numbers. do you really believe in these numbers out of china?
  •  Guest
  • | IP XX.XXX.95.37
Lol everyone thinks they are full of it
Quoting kingleeny
this sounds all familiar....debt trap. get people money into their banking and sell bonds. that is based on these fake numbers. do you really believe in these numbers out of china?
yeah right!
Chinese GDP should be in negative like in US.
Quoting aboongm
{quote} yeah right! Chinese GDP should be in negative like in US.
For the uninformed, historically China had higher GDP % growth than USA. Some developing nations also have higher GDP % growth.
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  •  Guest
  • | IP XXX.XX.222.203
Also, this just in, unicorn sales have increased 100%, and Santa's workshop has increased production eleventy trillion....
But if there's no market these figures can only be preliminary.
100% fake news. Do you trust China????
  •  Guest
  • | IP X.XXX.108.188
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