[NTDTV, Beijing time, April 30, 2022]The CCP’s “”Closing the city and clearing it“Epidemic prevention measures hit hardChina’s economy. recently,Xi Jinping、Li Keqiangshouting “stabilize the economy“, but experts are not optimistic about China’s economic prospects, believing that if the CCP does not change the policy of “clearing the zero”, “stabilizing the economy” will be in vain.
April 29,Xi JinpingHe presided over a meeting of the Political Bureau of the CPC Central Committee, calling for reducing the impact of the epidemic on the economy, increasing adjustment efforts, stabilizing the economy, stabilizing the stock market and capital market, stabilizing foreign trade and foreign investment, and striving to achieve the expected economic and social development target of 5.5% in 2022.
Three days ago, Xi Jinping also presided over the 11th meeting of the Central Financial and Economic Commission, calling for comprehensively strengthening infrastructure construction and increasing financial investment.
In an interview with NTDTV, Xie Tian, chair professor at the Aiken School of Business at the University of South Carolina, said: China’s troika that drives the economy is stalling, and infrastructure construction is “drinking poison to quench thirst.”
“The CCP really has no other way, there is no other way to stimulate the economy, so this old-fashioned infrastructure model that is completely ineffective and has serious consequences is brought out again.” Xie Tian said.
The “Wall Street Journal” quoted multiple people familiar with the matter and disclosed on the 26th that “Xi Jinping recently asked officials to ensure that China’s economic growth rate exceeds that of the United States this year.” In the fourth quarter of last year, the US economic growth rate was 5.5%, which exceeded China’s 4% in the same period. %, the Chinese authorities are uneasy about this.
However, the CCP’s “Closing the city and clearing it“The epidemic prevention measures have severely impacted the economy. Zhu Chengzhi, chairman of Wanbao Investment Consulting, expects: “It would be good for China’s GDP to reach 4% this year. “
He told Radio Free Asia,China’s economyIt must be a sharp downward revision, a very serious downward revision. “Real estate is stuck. It used to be replaced by internal circulation, and the Belt and Road war is also stuck. In addition, China’s economy is a processing industry. Now raw materials are rising all over the world, and the profits from processing will be eaten. This is a serious injury to GDP.”
In addition to the Chinese leader Xi Jinping, the Chinese premierLi KeqiangRecently, it has also been frequently shouted “stabilize the economy”。
On April 27, Li Keqiang presided over an executive meeting of the State Council, reaffirming “stabilizing employment”, saying that “stabilizing employment” is the key to maintaining economic operation within a reasonable range.
Prior to this, on April 6, Li Keqiang warned at the executive meeting of the State Council: “The complexity and uncertainty of the domestic and foreign environments have increased”, “some exceeded expectations”, and “new downward pressure has further increased.”
The Epoch Times commentator Zhong Yuan said that the CCP is unwilling to change the “zero” epidemic prevention, and Li Keqiang’s promise to “stabilize the economy” seems to be in vain. He wants to stabilize employment, but it is actually difficult to do so.
According to Xinhua News Agency, China currently has “five major industries in extreme poverty”, including “catering, retail, tourism, civil aviation, road, water, and rail transportation, etc.” Zhong Yuan said that cities across China have been locked down one after another, and a large number of stores and service-oriented industries have closed.
China’s economic growth in the first quarter of this year was 4.8%, but the International Monetary Fund (IMF) on April 19 lowered its forecast for China’s economic growth this year to 4.4% from 4.8%.
Lu Ting, China’s chief economist at Nomura Securities, said on the 26th that the impact of the epidemic on the entire Chinese economy has exceeded the market’s and his own predictions, and cautiously gave a 4.3% data.
Lu Ting gave a series of astonishing data showing that China’s economy is in recession. For example, the sales of new houses “halved” compared with the same period last year, while the index of vehicle freight traffic in Shanghai, Jiangsu and Fujian dropped by 80%, 41% and 40% year-on-year respectively in the past two weeks, prompting overseas importers to shift orders to Southeast Asia, etc. nation.
Xie Tian, chair professor at the University of South Carolina’s Aiken School of Business, told NTDTV that recent data shows that Vietnam’s foreign trade orders have surpassed Shenzhen’s, indicating that the export engine that drives China’s economy is about to shut down.
Tang Hao, a senior media person and “Crossroads Host”, also said that the CCP’s “Cultural Lockdown” and “Great Leap Forward” have dealt a serious blow to China’s economy.
He said that according to research conducted by the Chinese University of Hong Kong, China’s current city closures have brought economic losses of up to US$46 billion per month, which will reduce the annual GDP of China’s economy by 3.1%. If Beijing, Guangzhou, and Shenzhen all follow suit, then the annual GDP loss will soar to 12%, that is, the economic loss will exceed 10%.
With the economic downturn, the stock market also “falls and falls” endlessly. The stock price of New Oriental, which is an online teaching company, has collapsed by 90% in one year, and Alibaba’s stock price has also halved.
Zhu Chengzhi, chairman of Wanbao Investment Consulting, told Free Asia that since 2017, the stock markets of major countries in the world have risen, only China has fallen, and the stock market is currently at a very dangerous level. “If China’s economy is really as good as his GDP says, the stock market shouldn’t be so bad.”
Wang Dan, a special commentator for Radio Free Asia, believes that the CCP is likely to finally announce that it has completed its economic growth target, because China’s business is just a mouth, and he says it does what it says it does.
(Comprehensive report by reporter Luo Tingting/responsible editor: Wen Hui)
URL of this article: https://www.ntdtv.com/gb/2022/04/30/a103414176.html