2024-02-09 09:51:31
At a time when China’s real estate industry continues to experience thunderstorms, local government debt risks and deflationary pressures are rising, foreign capital is withdrawing in large numbers, youth unemployment remains high, economic recovery is weak, the stock market continues to fall, and stock investors are wailing, Xi Jinping once once more strongly sang ” “China’s Economic Brightness Theory” said that looking at the world, “the scenery is only good here.”
According to the Xinhua News Agency, the official media of the Communist Party of China, on February 8, Xi Jinping delivered a New Year’s greetings speech at the 2024 group visit. Xi Jinping said that over the past year or so, we have “comprehensively implemented the new development concept, adhered to the general tone of work of seeking progress while maintaining stability, resolutely implemented the transition to COVID-19 prevention and control, and promoted economic recovery and development. The total economic volume has exceeded 126 trillion yuan. The total grain production has reached a new high, and employment and prices are generally stable. Looking at the world, it is still ‘the scenery is unique here’.”
However, those who wrote for Xi Jinping may not have considered China’s economic data.
The latest official data from the Communist Party of China showed that the manufacturing purchasing managers index (PMI) rose to 49.2% in January from 49% in December last year, a slight increase of 0.2%, but still below the 50% line of expansion and contraction. This shows that China’s manufacturing activity has been shrinking for the fourth consecutive month, and that at the beginning of the new year, China’s manufacturing industry and the overall economy are still struggling to regain momentum.
At the same time, the sub-indices show that the raw material inventory index, employee index and new order index are all below 50%. Among them, the new orders index was 49.0%, contracting for the fourth consecutive month, and new export orders rose to 47.2%, contracting for the tenth consecutive month.
In the non-manufacturing part, including business activities in the service industry and construction industry, the National Bureau of Statistics of the Communist Party of China said that the non-manufacturing purchasing managers index (PMI) was 50.7%, an increase of 0.3 percentage points from the previous month, which is higher than the critical point, and It is the highest level since September last year.
In terms of industries, the business activity index of the service industry was 50.1%, an increase of 0.8 percentage points from the previous month, and resumed growth following two months of contraction; the business activity index of the construction industry was 53.9%, a decrease of 3.0 percentage points from the previous month, and the growth rate Significantly slowing down.
In 2023, the CCP’s official GDP growth rate is 5.2%. This is widely questioned by the outside world because it is too different from the reality of China’s economy.
Cai Shenkun, a Chinese writer and independent commentator, posted on the social platform The Troika that drives China’s economic prosperity has stagnated, and almost all economic indicators are deteriorating. According to the analysis of public data, the GDP data is negative, not the 5.2% that the official boasted. If calculated in US dollars, it is the same as the previous year. The ratio is also negative. For decades, the world’s number one export to the United States has been replaced by Mexico. The real unemployment rate among Chinese young people has hit a record high. Against the backdrop of foreign capital withdrawing and private enterprises closing, it is definitely not possible to expect state-owned enterprises to support the world alone. Any way out, completely ignoring reality and immersing in dreams will bring suffering to this country and nation.
Writer and commentator Xiang Yang also posted on the social platform A political disaster.”
Xiang Yang said with emotion: I finally understand the true meaning of what Ma Ying-jeou said: “Believe in Xi Jinping!” Having President Xi Jinping in the mainland is really good for Taiwan!
The most important means used by the CCP to rule the people is deception. Maintaining large-scale broadcasts to China to continuously convey the truth is to continue to inject hope into China. Voice of Hope sincerely invites you to work together with us.welcomeClickLearn more.
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