BofA on China's Recovery as Factory Activity Holds Up

China’s factory activity expanded for a second month, boosting hopes that the economic recovery can be sustained. Helen Qiao, Chief Greater China Economist at BofA Global Research, reacts to the data and discusses her outlook with David Ingles and Yvonne Man on "Bloomberg: The China Show".
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[@olderchin1558]

I am totally surprised by the intelligence of the analyst this time. Quite a change from the usual western ideologist masquerading as economist. I am impressed by her grasp of the region's economy and its real drivers.

[@jpzhang8290]

This is one of China's best minds. Extensive knowledge of both the east and the west. Just amazing

[@minibobjhu2523]

I share your feelings. Usually, Anglo-Saxon media invites “China experts” to parrot the controlled China narratives. This guest is intelligent

[@michchanel19]

Answers sound intelligent and practical than most

[@mistman5640]

She is gorgeous

[@AJ-iu6nw]

Some of the Chinawomen out there do got some looks, I’ll give China that

[@AJ-iu6nw]

Still a totalitarian government filled with rife corruption

[@user-em5wy8zx7o]

America and countries in Europe have experienced similar situations, when manufacturers of shoes, clothes, etc. flocked out of those countries. Korea and Japan have also experienced the same thing. But the situation did not make these countries experience an economic crisis or bankruptcy. Why? Because it is a matter of competitive advantage, comparative advantage, and a matter of ordinary market mechanisms. If it is now starting to happen in China, it is indeed time for China to experience a similar transition after years of mass low-wage labor-based industries. When China starts producing airplanes, electric cars, superconductors, robotics, magnetic trains, etc. it is just a necessity for a country that has entered the "advanced" level. Selling 1 airplane is worth more than selling thousands of shoes from a dozen shoe factories in the Ningbo area. That's also why America can still able to compete with China in term of GDP etc, even though the low-labor manufacturing industry left America many years ago.

[@grgarjun376]

Arabicreja and lastchang are students of gordan chang..jai hind

[@WillWu-fx8dn]

i like this woman

[@miklee4834]

😅😅😅😅😅😅😅😅😅

[@minhdinh3942]

China will recover, only a matter of time. Buy Chinese stocks

[@carlocaiani3742]

Helen is abit too optimistic on china manufacturing - it's still much less than it was pre covid , exports much less &, domestic demand still poor ; real GDP growth 2024 at 3% ...

[@stevenliew2507]

4th quarter of 2023, 5.2% GDP Y/Y growth. 1st quarter of 2024, 5.3% GDP Y/Y Growth. Now in April '24, PMI - 50.3 vs predicted 50.2. The numbers explained itself and definitely not what you are hoping against 😉😉🤣🤣

[@lastChang]

In 2023, real China's 🇨🇳 economy shrank -3.5% as opposed to 5.2% expansion as officially announced. - So this year, they will just publish a 5% growth regardless of their economy.

[@user-yj9ss7sj4m]

你他娘的真是个天才

[@method341]

Can you provide your source

[@liu3gz]

No it’s not -3.5%, it’s -350%. Next time when you made up a number, made it crazier, ok? My subordinate.

[@MMA-gb6to]

lol, you are a genius

[@AhmetTekin101]

​@@method341Nobody believes the Chinese number. The Chinese government doesn't have a history of being truthful.

[@ArabicReja973]

Chinese property sector, which accounts for 30% of GDP, is crashing. - Exports and imports, accounting for 37% GDP, are down. - Foreign investment (FDI) is falling over 90%, lowest in 3 decades. - Foreign visitors are down 96% compared to the pre-pandemic level in 2019. - Consumer prices are experiencing deflation. - Youth unemployment hits over 21%, a record. - Its fast-shrinking workforce is 10 years older than neighboring countries. *Still, China keeps reporting outrageous GDP numbers.* Lol Where does the growth come from?

[@daniellin569]

well... if you bothered to watch the video, the analyst said it's driven by local investment - which is their usual playbook. And i'm not sure where you got your foreign visitor numbers from, but they are certainly not down 96%. According to CNN, it's down 60%. I'd suggest you do a bit more research before rattling off.

[@jjian5]

copy and paste from Indian trolls lol. India no toilets

[@cenzoredworld]

@@daniellin569 It's a bot, posts anti-Chinese propaganda on every Bloomberg vid if the subject matter is China, same with "lastChang" bot above. It's kinda funny that someone is investing in bot spamming to apparently suppress investor interest in China.

[@AhmetTekin101]

​@@daniellin569 Here are the number of foreign visitors going through customs, as registered by the Chinese 🇨🇳 government: 2019: 14,000,000 2023: 500,000 *96.9% drop.*

[@AhmetTekin101]

​@@cenzoredworldYou are trying to smear the facts. Can you debunk it?