China’s economy slows sharply, fanning global recession fears

China has recorded its slowest economic growth since 2020.
The slump is being blamed on its zero-tolerance COVID-19 policy, which has interrupted industry and flattened consumer spending.
Second-quarter GDP grew just 0.4 percent, compared to the same period last year.
Economists warn the government's full-year growth target of 5.5 percent is out of reach.
Al Jazeera's @Adrian Brown reports from Hong Kong.


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[Glory-to-God.]

if you even worry about China's economy, you must be freaking out about US & Europe's economy

[binjorb]

Each country should prepare for self sufficiency rather than looking at other countries..

[lostinmuzak]

Heard this million times. What is more important is what’s going on in Ukraine and Russia which supplies the wheat and fertilizer and energy the basic necessities of life. China’s slowing economy will actually help other countries and the world climate.

[gglen]

Here's a thought. Japan's economy has been "dead" for well over 30 years. YET. Japan remains a quiet economic POWERHOUSE....My point being. You DON'T need GROWTH to be comfortably successful. You can quietly be the richest man in the neighbourhood and nobody has to know.

[yehenry]

if you heard a news from like this. you would be totally misleading far away to the truth in what's exactly going on today's China. we always try to simplify the China's structure like emphasizing the position of their present Xi, actually the ccp is a very large number people composed much more than the number sum up by USA plus Europe. what they do a task, the direction and decision made by all of the elites in ccp definitely not by Xi, that's a very dangerous thought if we constantly deem Xi means all the power in China which should lead us to a sense 'dictatorship' actually China totally not like that.

[xxoo-lpvc]

Both US and European investors poured record sums into the Chinese market, with US-listed ETFs taking in a net $4bn and those domiciled in the Europe, Middle East and Africa region sucking in $1.8bn, according to data from BlackRock. The combined total of $5.8bn comfortably exceeds the previous record of $4.3bn set in January.
The European buying spree occurred even as Emea investors pulled money from both US equity ($900mn) and European equity ($800mn) ETFs.
“European investors are not really buying US equities, not really buying Europe, but they are buying China. That’s a marked change in global flows, ” said Natasha Sarkaria, investment strategist at BlackRock.

[stevenk]

Interesting that China is picked. I believe China is the only major economy, which is not in a significant recession this year. Here in German the inflation is reported at 8.x% but a grocery shopping costs me about 30% more comparing to last year. Housing price is up unstoppable as well. And the most sad thing is that the salary didn't rise.

[joeshen]

According Indian analysis: China’s economic growth slowly.


Meantime China's economy maintains a trade surplus. By the way, France has a trade deficit of 6.01 billion euros; the UK has a trade deficit of $15.5 billion; Japan has a trade deficit of $17.8 billion; South Korea has a trade deficit of $1.71 billion; the United States has a trade deficit of $85.5 billion.

[binaysenapati]

The analyst not giving any analysis is awesome.

[jenniferjoseph]

Hi Fred Michael, please give me some tips on building wealth on shares. You sound like a good advice.👍

[weijin]

China's GDP in the first half year was 56264.2 billion Yuan (≈8.7 trillion USD), the Q2 GDP is 29246.4 billion Yuan (≈4.5 trillion USD). In the first half of the year, the total import and export of goods 19802.2 billion Yuan (≈3.05 trillion USD), an increase of 9.4%. Exports 11141.7 billion Yuan, up 13.2%; imports 8, 660.5 billion Yuan, up 4.8%. Trade surplus of 2481.2 billion Yuan (≈382.7 billion USD).

[razakkalik]

When China sneezed... The rest gets a fever

[donatorenderos]

China and Russias economy are said to go up, but the thing is these economies are already feeling the effects of inflation and are going down

[nien]

International mathematics Olympiad

China = first place with 6 out of 6 gold. First time in the history of the Olympiad that a country won 6 out of 6 gold

Second place = South Korea with 3 gold 3 silver

Third place = US with 4 gold 2 bronze. Worth noting that the 4 gold in US team are won by ethnic Chinese members of the US team.

[giawou]

analyst tend to see in an weird angle on things. One can have opinion but the world is more complexe than anyone can imagine.

[xxoo-lpvc]

JULY 8 2022 Western investors flock to China equity ETFs
Western investors pumped a record amount into Chinese equity exchange traded funds in June as the mainland stock market surged ahead of its major rivals.
The flood of cash into the Shanghai and Shenzhen bourses came as the country’s draconian Covid lockdowns were eased and regulators telegraphed a less severe approach to policing China’s tech sector almost a year after kicking off an unprecedented crackdown.

[setsanchew]

Don t worry.
Its just a blip in china.
V get the engine running asap.
That s the beauty of china.

[azimazim]

At this moment China suffers from lack of demand and it needs to boost domestic economy and fight deflation through increased investment and credit to countries in Asia and Africa for construction of infrastructure (One Belt One Road)--this will increase demand for Chinese oversupply of steel and cement

[Brandonhayhew]

If this economy defaults whose to blame

[HR-rppc]

Oil 🛢️ price going to down 👎, very 🔜 OPEC facing problem due to lower oil price