China news roundup / Nachrichten 2025-03-08/09

in china •  16 days ago

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    Consumer prices fell in China in February and remain flat in a sluggish economy

    "The National Bureau of Statistics said Sunday that the consumer price index dropped 0.7% in February compared with a year ago. On a monthly basis, prices were down 0.2% from January.
    [...] The producer price index, which measures the wholesale price of goods, fell 2.2% in February, the statistics bureau said. Producer prices have been falling more sharply than consumer prices, putting pressure on companies to cut labor and other costs."

    --- That recovery is off to a good start this year. Don't you dare mention the evil word recession, everything will be fine & China will reach 5% GDP growth.

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    US judge holds China liable for Covid 19 cover-up and 'hoarding PPE', slaps $24 billion penalty

    "A Missouri federal judge has held the Chinese government accountable for covering up the origins of the COVID-19 pandemic and stockpiling protective equipment (PPE), issuing a judgment of over $24 billion.
    [...] We intend to collect every penny by seizing Chinese-owned assets, including Missouri farmland"

    --- Ouch! The follow-up will be interesting, particularly the Chinese reaction. Earlier, the CCP had said:

    "Chinese officials contested its validity. Foreign ministry spokesperson Geng Shuang described the lawsuit as "very absurd" and "has no factual and legal basis at all.""

    --- Too bad that US judges are not bound by Chinese laws.

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    China’s life expectancy soars to 79, but demographic woes also on the climb

    "the average life expectancy reached 79 years old in 2024 - an increase of 0.4 years from 2023"

    --- Hmm, 0.4 years is called 'soaring'? Anyway, I don't trust these numbers. Life expectancy essentially grew during the Covid years? Dubious.

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    China has a message for Trump: the US won’t stop its rise

    "The “giant ship of China’s economy” will “sail steadily toward the future,”"

    --- Well, maybe... but it very much looks like the new great helmsman is steering towards quite a number of icebergs.

    "while Beijing’s priorities – and rhetoric – may echo those of years past, this time they are coming from a country that is starting to regain its swagger after being battered by its own Covid restrictions, a property sector crisis and by a tech war with the US"

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    VOA Mandarin: China's global propaganda campaigns, foreigners make a fortune in China


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    --- Bloomberg: "China’s Economic Challenges With Lawrence H. Summers" (Mostly dubious.)


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    Deflationssorgen in China: Preise deutlich gesunken

    "Wie das Statistikamt in Peking mitteilte, sank der Verbraucherpreisindex im Februar um 0,7 Prozent gegenüber demselben Vorjahresmonat."

    --- Tja, sieht nicht so aus, als würde es dieses Jahr besser gehen als 2024. Aber keine Sorge: die 5% Wirtschaftswachstum werden mit Sicherheit erreicht. Egal wie.


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    China erhebt Strafzölle auf Erbsen, Fisch und Schwein aus Kanada


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