2023年8月22日火曜日

China's economy is facing deflation and possible recession,

H.S. Kim (@xcvbnm67890) / Xさんもいなくなっちゃった・・・寂しくなるなああ。
今必要なのは日本の法律や習慣を守り周辺住民と折り合っていける人。犯罪や違法な行為で荒稼ぎしたり、深夜の暴走や徒党を組んでの乱闘などをする奴でも良いなどと誰が思うか
その通りである。

「日本の法律や習慣を守り周辺住民と折り合っていける人」がクルド人の中にもいわるわけだし、移民としての法的地位が安定し、あるいは、ちゃんとした生活をしていたら法的安定性に希望がもてて、汗水流して仕事して成功しているロールモデルの同胞ができれば、非行に走る移民の子供も減るだろう。


  ドイツ、嗜好目的の大麻を認める方針…保健相「取り締まる対策は遺憾ながら失敗」 2023/08/21 20:01
 【ベルリン=中西賢司】ドイツのショルツ政権は 嗜好しこう 目的での大麻の所持・栽培を認める方針を決めた。違法大麻の横行を止められず、合法化して流通を管理する体制への転換を図る。
合理的だね。  MMTに洗脳されているからほとんど気にならない。

 図書館に「森永先生、僕らが強く賢く生きるためのお金の知識を教えてください」を頼んでおいてちょうどきたのでそれによると 

 国の借金は民間の資産(p196) であり、債務残高の伸びはG7の中で低いほうだが、分母のGDPがほぼ一定なら対GDP比率が悪くみえるのは自明(p199-200)

とある。

 

  1. The transcript discusses the potential impact of the bankruptcy of China's Evergrande Group on the global economy.
  2. There are concerns that Evergrande's bankruptcy could lead to a crisis similar to the Lehman Brothers collapse, although it might not be as severe due to China's centralized control.
  3. China's economy is not expected to fall drastically because of its authoritarian nature, but it's noted that the country's real estate market and economy have been controlled to prevent a bubble like Japan's "Lost Decade."
  4. Evergrande's bankruptcy could lead to a cascade of other companies failing, prompting government intervention and public funds injection to control deflation and economic destabilization.
  5. The discussion also touches on China's energy crisis and its impact on global supply chains, including shortages in semiconductors and rising prices due to supply constraints, and how China's centralized control might be both an advantage and a challenge in managing such crises.



  1.  China's government and people perceive Joe Biden and his administration as attempting to restrain China's growth, destabilize the ruling party, and potentially promote regime change.
  2. China's economic success story includes four decades of nearly 10% annual GDP growth, transitioning from a closed economy to a global powerhouse rivaling the US.
  3. Under Xi Jinping, China has shifted from pro-investment policies to emphasizing strong state control and alignment of businesses with the goals of the Communist Party.
  4. Economic indicators show mixed signals; China's GDP growth has declined relative to other Asian countries since 2010, with occasional boosts like the post-2020 pandemic surge.
  5. Challenges include an aging population, surging inflation affecting exports, limited access to advanced technology, and Xi's regulatory actions impacting the private sector, amid rising government debt and youth unemployment.

 中国独裁によって公的資金の注入などは早期に大胆にできる可能性もあるが、資本主義を窒息させる危険もあるな。

 
Shanghai real estate market caught in a Vicious Circle:
 Buyers hesitant due to dropping prices.
 Sellers can't sell, affecting new and secondhand homes.
 Young people opt not to buy homes, changing lifestyle.
 Economic slump leads to layoffs and preference for renting.
Middle class facing economic pressures and anxiety:
 High mortgages affect happiness and consumption.
 Stability turns into fear and anxiety.
 Society becomes increasingly stressed and disgruntled.
China's middle class in crisis:
 Definition unclear, but educated with stable income.
 Pressure due to economic cooling, high living costs.
 Rising housing prices, job insecurity, starting businesses.
Civil servants face pay cuts:
 Civil servants' salaries reduced due to declining land revenue.
 Economic pressures and rising costs impacting middle class.
Real estate market decline:
 Real estate values drop due to government regulations.
 Middle class wealth diminishes, affecting spending.
Changing consumer behavior:
 Geopolitical tensions lead to less frivolous spending.
 Middle class lacks usual consumption patterns.
 Impact on economy without strong consumer base.

中国の中流階級が縮小して消費が冷え込むな。

   

 The Taiwan-owned Pacific Department Store in Shanghai's Xujiahui district is closing down due to the expiration of its joint venture agreement, reflecting the challenges traditional brick-and-mortar stores face due to e-commerce and changing consumer behavior. The pandemic and economic factors like soaring unemployment and muted consumer spending have further impacted physical retailers, leading to closures of long-standing stores such as Carrefour, Paris Spring Department Store, and Isetan. Similarly, Guangzhou's Shangxiajiu Pedestrian Street, once a bustling commercial hub, has experienced mass closures of shops and businesses, reflecting decreased consumer spending. 

 China's economy is facing deflation and possible recession, contrary to the expected post-pandemic consumption surge. The Consumer Price Index (CPI) and Producer Price Index (PPI) have both declined, showing weakened consumption and business confidence. While savings have increased substantially, consumer spending remains low due to uncertainties about the future. The Chinese government has introduced measures to stimulate consumption, but the challenges of reduced income, educational competition, and future uncertainties still hinder widespread spending. 

 上海もデフレだな。

 
 
レナちゃん・・・結婚願望なし。一日食費500-1000円家賃2万5千円・・・・頑張ってほしいよなああ。

 フィンランド出身のToryさん、日本のコンビニには、平等じゃない!

   

 とにかく量子コンピューターだな。政府はどんどん金をつぎこむべき。

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