The End of Chinese Economic Growth, Says Goldman Sachs; PBoC Data; Arab-China Deals - China Update

[TexasTowelie]

00:00 Introduction
00:11 Chinese Economy: PBoC Moves & More Bad Data
03:07 Arab-China Business Conference
05:17 Chinese Economy II: Goldman on Property Stimulus

[Snoopy 7]

1. This is bad

Why? Because China has learned one thing from the US and that is if your economy is going bad. Start a war somewhere to boost your economy. Now listen/query closely about China blustering against other countries and you will find a bully trying to start a fight/war.

[TexasTowelie]

2. I don't know if the same rational applies in state-run capitalism as compared to the capitalistic

economies of other nations. Having the government contract services out to government-controlled corporations seems like a less efficient way to stimulate the economy compared to making actual payments to consumers because of the addition of middlemen.

I'm also not certain that China wants a direct war since their equipment is largely untested in wartime scenarios and their troops also lack experience in combat. They can wage war more effectively by economic measures, cyber crimes, and flooding the country with unsafe products and drugs.

[The Jungle 1]

3. China best stay away from NATO countries.

Yes their economy is unraveling. I think they over extend. They went all in on Nixon's invitation to join the world economy. They embraced low wages and worker abuse.
Here is another economy to watch. Saudi Arabia As the world switches to EV their economy will crash. They have oil and that is all they have. The next twenty years will be interesting.
No one in the world is even close to being able to confront NATO.

[TexasTowelie]

4. I will give credit to the Saudis for realizing that they need to diversify their economy

which is why they are the sponsors of LIV Golf. However, they didn't obtain hardly any revenue in 2022, but that may change with the recent merger with the PGA.

Saudi Arabia is also investing in other sports related projects working under the assumption that "if you build it they will come."