New data spells bad news for China’s economy | DW News
Fresh economic data coming out of China indicates the country is stuck in crisis: Chinese consumers are not spending enough and the property market has yet to recover.
Marie Sina of DW Business speaks to DW’s in-house China expert, Clifford Coonan, about the trajectory of the Chinese economy.
Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1
For more news go to: http://www.dw.com/en/
Follow DW on social media:
►Facebook: https://www.facebook.com/deutschewellenews/
►Twitter: https://twitter.com/dwnews
►Instagram: https://www.instagram.com/dwnews
►Twitch: https://www.twitch.tv/dwnews_hangout
Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch
#China #DWBusiness
47 Comments
Day in Day out I HEAR SUCH IGNORANCE from YOU GUYS. except for real estate which are troubling only to the West, but its part and parcel of growth. You can see how Clifford with 15 yrs in china sound so dumb. Because he don't understand the Chinese. Chinese believe that only with road and roof will the country prosper, china plans well ahead of that's why you see infrastructures and housing are build all over china for the future. Unlike the west, infras and housing are build only when required. In China infra and housing builds the future. Anyway economic data are still healthy, with GDP growth of 5.2%. According to nikkei, China exports rise 8.6% in june 24 and is accelerating. With the West sanctioning China and imposing tariffs that is remarkable rise.
Germany worrying about China’s economy is like India worrying about China’s female doctors‘ safety.
china is in decline 😢 Sad
Xi is the worst China president.
It's not surprising that China's economy is in trouble, and given the economic war that's going on, one side can't be expected to walk away unscathed. What qualified journalists should be discussing is the war damage on both sides.
Wow! China is collapsing! So the USA and its Western allies will no ger face a challenge from China. So the west have nothing more to worry about China! Ho! Ho! Ho! Heh! Heh! Heh! Why worry? Be happy!
western point of view uses western values and factors of success… retail, debt, etc., spend spend more consumerism … use up savings and use debt… wealth in property… western economic model
Chinese economic model… export… bad…
It would be equivalent if the Chinese soccer team worries about ze German nationality are doing bad. haha
DW worrying about china and India everyday. Better focus on germany!! In another 25 years they may have a green flag with a moon on it.
The US is now Estados Unidos ! The US is unofficially in a slowing stagflation. The housing market and car sales are approaching a crash . People are waiting for car prices to crash as well. The money is out there, unemployment numbers are stagnant. Scary, it’s a recession with rising interest rates due to muted inflation numbers. The money in sitting on the sidelines, and it’s looking more like stagflation, not deflation.
The West is very worried about Chinese Economy. How very Considerate of them.
Western power still trying to brainwash people into believing China is collapsing, yet US And UK are already bankrupt. China can Just Turn the tap off on low priced Consumer Goods that US and UK inflation will sky rocket. Suggest Full trade decoupling between NATO members from China. Would be interesting to See US print more money to buy stuff from allies, since USD literally hold no value what So ever.
This guy is really contradicting himself. On one occasion, he said Germany car makers sell a lot their cars in China. On the other hand, he said German opened it car market to China while China did not. I don't know why he took such a courage to lie in front of the viewers. China is not begging anyone to do business in this country. If you cannot make money, why don't you just go way?
Do you believe in the data? I can see people eating and spending. 😅 Yes, property market is sluggish. Can you tell us something we do not know???
Chinese bots and the CCP Pinks are out in force! They're spamming like their lives depend on it. Literally….
Come on. You are more intelligent than this. I hope. How many times have people like you forcasted doom of the Chinese Economy that never turned out to be true. I think that Germany should do well to look at the health of its own economy that took a downward, free fall spiral turn when it poke the Russian bear, as the USA told it to do.
the property market in china is not going to be fixed soon. in a shrinking population, the need will not increase. and the goods are so overpriced that people cannot afford it. I do not see how it can change. making the market more liquid is not going to change anything to the fact that it is overpriced compared to the earnings of the people. either the price falls or the wage increase, but theese are the only thing can bring back the ratio (Price/ disposable income) to a sustainable level.
Of course China will officialy meet the target. they will sheet the figure enough to have it achieved, that is what pooliticians are evaluated on. will probably not be real growth, but the figure will be reached.
China is no more a cheap country for manufacturing as it was. Companies looking for cheap labour go somewhere else nowadays. China is almost a rich country from a wage point of view, but not from a consumption point of view, it gets closer to US with huge amounts of poors that are barely contributing to the economy.
As usual, germans do not understand geopolitics. I guess they invest in China like they were making themselves depends on Russia, just blind greed and ideology.
A Vote for Trump will have two major and severe consequences for American people.
The first is a tariff on imports that will force every American to pay up more in price for the same product that is American made.
American manufacturers do not sell direct to the Public but through agents and dealers who add to the price of an American product.
The second negative effect a vote for Trump would entail is the death of the American Gulf Coast Fishing and Farm Industry resulting from more ‘drill baby drill” policies on the Gulf of Mexico the spills and big rigs tear up the coniferous habitats of shrimp in the Gulf Coast. The disappearance of shrimp is a vote for Trump.
There are social effects to having a demagogue like Trump in charge. Protectionism is one part of the problem, the other part is the shrinking size of the US workforce. Harris refers to this shrinking workforce as in need of “opportunity”, she is right, there is no opportunity for the workforce under the economic conditions of the past 45 years. As the economic slowdown procedes breaking up and changing how America does business is the least kind of policies we need. The policies needed are how America works, how to expand this workforce, adding value in communities versus extracting value from them, leaving them desperate and broke.
There are only different classes of workers stuck in different industries serving a life-sentence while the expectation this workforce has for itself is “opportunity”. A vote for Trump will further shrink this workforce, millions more thrown into poverty, homelessness, shoeless, and mentally unstable the whole society is a hot house for the mentally sick.
We can go deeper into this but suffice it say, a vote for Trump is a death sentence for Americans.
Cliff is getting old, probably, senile.
Why you hate pilipins
A German news service making another prediction the Chinese economy is stuck in crisis? This is projection on an absurd scale. On a good day DW credibility is questionable, today it hits rock bottom.
How about the German economy? Is it good now?
my chinese friend's neighbour has lost their very expensive property in Guangzhou..thanks to evergrande😥😥😥😥
The most important goal for EU / UK / USA is to Boycott or Ban all things Made in China.
Buy Local. Buy Used. Go to thrift stores & build up your local economy while also saving money too.
Increase your weekly savings by at least 10% from over last year. Be Thrifty. This way youcan strengthen your local city and area & get a better handle on your own family finances too…
Sluggish economy when it is growing twice the number of the Western economies. Maybe you should look at your own economies instead coz yours is sluggish not theirs.
You can't use the western model of leveraged spending to measure the Chinese economy. Culturally spending habits for the Chinese is different from the western consumer. Property is a problem due to oversupply and that can only be solved when there is an overall increase in demand from the masses which is still lacking. Increase in salaries of the masses will help but that removes the competitive advantage for China manufacturing
china collapsing , wrong china is the only economic city for the world
Meanwhile the German economy is growing like a crazy.
Why is Germany increasing investment in China against the trend? Because German companies are a greedy lot. Having seen how communist Russia screwed them on Ukraine, German businesses have not learnt their lessons.
I think this guest is quite objective.
China is taking over its small neighbors through the belt and road initiative. Sri Lanka, Bangladesh, Tibet, Myanmar etc.
Actually every major big countries are in trouble with different reasons. No one is in good state now.
This reporter is out of touch and confused, simply repeating what is there in the media and no value added
We'll never really know the severity of the situation 😏
Don't worry China… we Europeans love China… DW not German but 🇺🇲🤢
Rest assured US will do everything to sabotage German China relations… like they did with North Stream..
So non biased 🤡
Go and visit China one day. Germany is like some little country town in comparison.
Hmmmm…. China is facing a sharp economic slowdown, characterized by a decline in gross domestic product (GDP) growth. For years, China has relied on an investment and export-based economic model to drive growth. However, this model is now starting to show weaknesses, especially due to overinvestment in the property and infrastructure sectors which has caused an economic bubble. When the property sector started to weaken, with many projects abandoned and large real estate companies defaulting on debt payments, the impact spread throughout the economy 🥇🇮🇩❤
Excellent presentation!
When a country like Germany falls into recession talk about a country like china with GDP growing above 5% in crisis, it’s so funny
The Chinese grow with 5.2 % this year. Sluggish economy ? With a growth of. 4,17 trillions dollars in value What about Germany ? Worry about that .China grow this year same as all Europe combine numbers of GDP growth. 😂😂😂😂😂 But not same value in numbers. 😂😂😂😂😂and you tell me china is doing bad ? 😂😂😂😂
Ask Gordon Chang in case you want to learn more Bad News for China ! He is starting to write his next Book !
DW, why not get an analyst to talk about your European declining economy and how it's affecting your own citizens.
That dysfunctional Chinese economic policies would eventually bite really hard….
Chinese companies can invest in Germany but German companies cannot invest in China? What ridiculous rumour!
China also had trillions of debt.