The GDP for the 4th Quarter came in. It was down again, reading 4$ growth.
In this video I discuss how this is a big change from the 7.9% registered in Q2. This is a trend that is very alarming considering China is the largest exporter in the world.
▶️ 3Speak
China loves to demonstrate to the everyone that they can send shockwaves around the world to demonstrate their "Power"! Whether it's Economically, Virally, Militarily or otherwise.
Posted Using LeoFinance Beta
I am not sure their show of "power" is on display. In fact, Xi is at the WEC talking about how things are going to get worse. Second year in a row and all there are ignoring him.
Posted Using LeoFinance Beta
It will be interesting to see how Chamath Palihapitiya's latest comments about the Uyghur genocide in China plays during the Olympics
Posted Using LeoFinance Beta
It is very alarming and they are already having issues servicing debt (Evergrande). Does the GDP affect the discretionary spending of the people in China? They have a lot of people so they also buy some things from all over the world.
Posted Using LeoFinance Beta
I would say the spending is causing helping to cause the drop in GDP. Demand is waning so it is making it harder to supply. In China, it isnt as bad as the US since it is not a consumption based economy but this is felt throughout the economy.
Posted Using LeoFinance Beta
View or trade
BEER.Hey @taskmaster4450le, here is a little bit of
BEERfrom @pixresteemer for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.Great work boss