China Premier Li Says 'Confident' in Achieving Growth Target

Chinese Premier Li Qiang sounded a note of optimism on the country's economy despite a prolonged property slump, weak consumer confidence and rising local government debt. Li spoke at the World Economic Forum’s meeting in Dalian, China.

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[ArabicReja]

Chinese property sector, which accounts for 30% of GDP, is crashing.
- Exports and imports, accounting for 37% GDP, are down.
- Foreign investment (FDI) is falling over 90%, lowest in 3 decades.
- Foreign visitors are down 96% compared to the pre-pandemic level in 2019.
- Consumer prices are experiencing deflation.
- Youth unemployment hits over 21%, a record.
- Its fast-shrinking workforce is 10 years older than neighboring countries.
*Still, China keeps reporting outrageous GDP numbers.* Lol
Where does the growth come from?

[lastChang]

In 2023, real China's 🇨🇳 economy shrank -3.5% as opposed to 5.2% expansion as officially announced.
- So this year, they will just publish a 5% growth regardless of their economy.

[AhmetTekin]

Seriously, to gain some confidence back from investors, the Chinese government needs to *stop its lies.*

[joecan-wkut]

half of my friends have either left, unemployed, or getting a salary cut, do you live on another planet or country, Mr LI