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Thoughts - In a world where money speaks...
Sep 24, 2020 04:52:12   #
Canuckus Deploracus Loc: North of the wall
 
China a 'bright spot' for global economy
CHINADAILY

China's growth will likely be a bright spot in the global economy as the country's GDP is projected to expand by 8.1 percent next year while the global economy is still facing recession risks as the C****-** p******c has not been effectively contained, a new report said.

The United Nations Conference on Trade and Development said in a report on Tuesday that China, as one of the few large economies to witness growth this year, is expected to see its GDP grow by 1.3 percent this year before rebounding sharply by 8.1 percent next year, contrasting with an estimated 4.3 percent contraction of the global economy this year.

A senior official at the Geneva-based UN agency said that China's effective control of the p******c has created greater space for the country to manage a strong recovery and to expand its domestic economy.

"China has obviously managed the p******c better than other economies so far. It has a lot of domestic space to be able to manage a strong recovery. A lot will depend on policy choices. But we believe that China has the opportunity to seriously expand its domestic economy," Richard Kozul-Wright, UNCTAD's director of the division on globalization and development strategies, was quoted by Xinhua News Agency as saying.

The UN agency's optimistic projection on China is shared by other major international agencies as Beijing's timely and effective policies to restore economic and social activities have yielded positive results with the economy back on a steady track to recovery since the second quarter.

The World Bank earlier projected that China's economic growth will rebound to 7.9 percent next year while the Organization for Economic Cooperation and Development forecast in its latest report that China's GDP growth is expected to reach 8 percent in 2021.

Economists said that China will continue to see robust economic recovery for the rest of the year after the stronger-than-expected rebound of economic activities in August.

China's exports will maintain a mild growth rate while the growth in infrastructure investment will continue to be robust, while social retail sales may see a steady rebound, economists at UBS Securities said in a research note. They forecast that China's GDP growth in the third and fourth quarters will bounce back to between 5.5 percent to 6 percent.

But experts warned that the country's economic recovery could still be threatened by external risks and uncertainties as the C****-** p******c is still threatening people's lives and normal social and business activities in many parts of the world.

UNCTAD said in its Trade and Development Report 2020 that the contraction of the global economy will leave global output by the end of the year over $6 trillion short of what economists had expected it to be before the C****-** p******c began to spread. It means that the world is grappling with the equivalent of a complete wipeout of the Brazilian, Indian and Mexican economies.

It warned global trade will shrink by around one-fifth this year and foreign direct investment flows by up to 40 percent. It said that the world urgently needs coordinated public action for a faster economic recovery in the face of a deep global recession.

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Sep 24, 2020 05:47:37   #
ACP45 Loc: Rhode Island
 
Canuckus Deploracus wrote:
China a 'bright spot' for global economy
CHINADAILY

China's growth will likely be a bright spot in the global economy as the country's GDP is projected to expand by 8.1 percent next year while the global economy is still facing recession risks as the C****-** p******c has not been effectively contained, a new report said.

The United Nations Conference on Trade and Development said in a report on Tuesday that China, as one of the few large economies to witness growth this year, is expected to see its GDP grow by 1.3 percent this year before rebounding sharply by 8.1 percent next year, contrasting with an estimated 4.3 percent contraction of the global economy this year.

A senior official at the Geneva-based UN agency said that China's effective control of the p******c has created greater space for the country to manage a strong recovery and to expand its domestic economy.

"China has obviously managed the p******c better than other economies so far. It has a lot of domestic space to be able to manage a strong recovery. A lot will depend on policy choices. But we believe that China has the opportunity to seriously expand its domestic economy," Richard Kozul-Wright, UNCTAD's director of the division on globalization and development strategies, was quoted by Xinhua News Agency as saying.

The UN agency's optimistic projection on China is shared by other major international agencies as Beijing's timely and effective policies to restore economic and social activities have yielded positive results with the economy back on a steady track to recovery since the second quarter.

The World Bank earlier projected that China's economic growth will rebound to 7.9 percent next year while the Organization for Economic Cooperation and Development forecast in its latest report that China's GDP growth is expected to reach 8 percent in 2021.

Economists said that China will continue to see robust economic recovery for the rest of the year after the stronger-than-expected rebound of economic activities in August.

China's exports will maintain a mild growth rate while the growth in infrastructure investment will continue to be robust, while social retail sales may see a steady rebound, economists at UBS Securities said in a research note. They forecast that China's GDP growth in the third and fourth quarters will bounce back to between 5.5 percent to 6 percent.

But experts warned that the country's economic recovery could still be threatened by external risks and uncertainties as the C****-** p******c is still threatening people's lives and normal social and business activities in many parts of the world.

UNCTAD said in its Trade and Development Report 2020 that the contraction of the global economy will leave global output by the end of the year over $6 trillion short of what economists had expected it to be before the C****-** p******c began to spread. It means that the world is grappling with the equivalent of a complete wipeout of the Brazilian, Indian and Mexican economies.

It warned global trade will shrink by around one-fifth this year and foreign direct investment flows by up to 40 percent. It said that the world urgently needs coordinated public action for a faster economic recovery in the face of a deep global recession.
China a 'bright spot' for global economy br CHINAD... (show quote)


You surprise me CD with this post. Is this what you really believe, or are you posting this as a conversation piece to spark debate?

Take for example the following quote, "A senior official at the Geneva-based UN agency said that China's effective control of the p******c has created greater space for the country to manage a strong recovery and to expand its domestic economy."

Do you really trust any economic numbers that the CCP releases to the rest of the world?

China is certainly an economic powerhouse, but honest it is not.

Does anyone in the world really believe in the official numbers of deaths that occurred in China, or the manner in which it treated it's citizens? Does anyone really believe that China was honest in the information and risks posed by CV-19 that it disseminated to the rest of the world? Did it allow the rest of the world access to the origins of CV-19, or shut it doors, and refuse to allow anyone from outside China to verify what it was saying? Do you approve of the stringent actions taken by the government against it's own people in it's efforts to contain CV-19?

This sounds like a fluff piece written by the UN and WHO which are in bed with the CCP

Reply
Sep 24, 2020 08:41:19   #
lpnmajor Loc: Arkansas
 
Canuckus Deploracus wrote:
China a 'bright spot' for global economy
CHINADAILY

China's growth will likely be a bright spot in the global economy as the country's GDP is projected to expand by 8.1 percent next year while the global economy is still facing recession risks as the C****-** p******c has not been effectively contained, a new report said.

The United Nations Conference on Trade and Development said in a report on Tuesday that China, as one of the few large economies to witness growth this year, is expected to see its GDP grow by 1.3 percent this year before rebounding sharply by 8.1 percent next year, contrasting with an estimated 4.3 percent contraction of the global economy this year.

A senior official at the Geneva-based UN agency said that China's effective control of the p******c has created greater space for the country to manage a strong recovery and to expand its domestic economy.

"China has obviously managed the p******c better than other economies so far. It has a lot of domestic space to be able to manage a strong recovery. A lot will depend on policy choices. But we believe that China has the opportunity to seriously expand its domestic economy," Richard Kozul-Wright, UNCTAD's director of the division on globalization and development strategies, was quoted by Xinhua News Agency as saying.

The UN agency's optimistic projection on China is shared by other major international agencies as Beijing's timely and effective policies to restore economic and social activities have yielded positive results with the economy back on a steady track to recovery since the second quarter.

The World Bank earlier projected that China's economic growth will rebound to 7.9 percent next year while the Organization for Economic Cooperation and Development forecast in its latest report that China's GDP growth is expected to reach 8 percent in 2021.

Economists said that China will continue to see robust economic recovery for the rest of the year after the stronger-than-expected rebound of economic activities in August.

China's exports will maintain a mild growth rate while the growth in infrastructure investment will continue to be robust, while social retail sales may see a steady rebound, economists at UBS Securities said in a research note. They forecast that China's GDP growth in the third and fourth quarters will bounce back to between 5.5 percent to 6 percent.

But experts warned that the country's economic recovery could still be threatened by external risks and uncertainties as the C****-** p******c is still threatening people's lives and normal social and business activities in many parts of the world.

UNCTAD said in its Trade and Development Report 2020 that the contraction of the global economy will leave global output by the end of the year over $6 trillion short of what economists had expected it to be before the C****-** p******c began to spread. It means that the world is grappling with the equivalent of a complete wipeout of the Brazilian, Indian and Mexican economies.

It warned global trade will shrink by around one-fifth this year and foreign direct investment flows by up to 40 percent. It said that the world urgently needs coordinated public action for a faster economic recovery in the face of a deep global recession.
China a 'bright spot' for global economy br CHINAD... (show quote)


Watching the stock markets here, where the chart of it's activities looks like the worlds most complex roller coaster, shows that the SUGGESTION or mere MENTION of good economic news, has a direct bearing on those activities.

The trading of stocks are not the economy, nor are they a good indicator of economic health, but the perception among the masses on that subject is rich fodder for manipulation.

In other words, Government ( and gov, influenced ) reporting is almost always grossly inaccurate.

Reply
 
 
Sep 25, 2020 17:25:31   #
Lt. Rob Polans ret.
 
Canuckus Deploracus wrote:
China a 'bright spot' for global economy
CHINADAILY

China's growth will likely be a bright spot in the global economy as the country's GDP is projected to expand by 8.1 percent next year while the global economy is still facing recession risks as the C****-** p******c has not been effectively contained, a new report said.

The United Nations Conference on Trade and Development said in a report on Tuesday that China, as one of the few large economies to witness growth this year, is expected to see its GDP grow by 1.3 percent this year before rebounding sharply by 8.1 percent next year, contrasting with an estimated 4.3 percent contraction of the global economy this year.

A senior official at the Geneva-based UN agency said that China's effective control of the p******c has created greater space for the country to manage a strong recovery and to expand its domestic economy.

"China has obviously managed the p******c better than other economies so far. It has a lot of domestic space to be able to manage a strong recovery. A lot will depend on policy choices. But we believe that China has the opportunity to seriously expand its domestic economy," Richard Kozul-Wright, UNCTAD's director of the division on globalization and development strategies, was quoted by Xinhua News Agency as saying.

The UN agency's optimistic projection on China is shared by other major international agencies as Beijing's timely and effective policies to restore economic and social activities have yielded positive results with the economy back on a steady track to recovery since the second quarter.

The World Bank earlier projected that China's economic growth will rebound to 7.9 percent next year while the Organization for Economic Cooperation and Development forecast in its latest report that China's GDP growth is expected to reach 8 percent in 2021.

Economists said that China will continue to see robust economic recovery for the rest of the year after the stronger-than-expected rebound of economic activities in August.

China's exports will maintain a mild growth rate while the growth in infrastructure investment will continue to be robust, while social retail sales may see a steady rebound, economists at UBS Securities said in a research note. They forecast that China's GDP growth in the third and fourth quarters will bounce back to between 5.5 percent to 6 percent.

But experts warned that the country's economic recovery could still be threatened by external risks and uncertainties as the C****-** p******c is still threatening people's lives and normal social and business activities in many parts of the world.

UNCTAD said in its Trade and Development Report 2020 that the contraction of the global economy will leave global output by the end of the year over $6 trillion short of what economists had expected it to be before the C****-** p******c began to spread. It means that the world is grappling with the equivalent of a complete wipeout of the Brazilian, Indian and Mexican economies.

It warned global trade will shrink by around one-fifth this year and foreign direct investment flows by up to 40 percent. It said that the world urgently needs coordinated public action for a faster economic recovery in the face of a deep global recession.
China a 'bright spot' for global economy br CHINAD... (show quote)


Oh, you still live in that world, most 99.9% of the world does.

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