China's Factory Activity Shrinks Again | Bloomberg: The China Show 7/1/2024

[@shigai9727]

No talk of Shenzhen-Zhongshan bridge? Wow this is politically censored Bloomberg.

[@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?

[@2023gainer]

2023 EV sales increased 35 % over 2022 sales. FSRNQ.. Fisker.. Blade Evtol Jets...Frey .Nio... Xpeng...QS... Joby Evtol Jets.. ChargePoint and more.

[@sc225]

Kind of hard to follow China stock market using red as up and green as down. The rest of the world are the other way around...lol have to be extra careful. You might fix it up.

[@rainieresguerra6519]

China can easily hit its economic growth target. After all, it is the manufacturing capital of the world and manufacturing economic data is something normal for the CCP.

[@TkoddaLee]

Doesn’t look like china is a good place to invest

[@JonySmith-bb4gx]

@@TkoddaLee china is the investor now

[@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.