China’s total population is less than 1.3 billion, catching up with the U.S. is a bubble!
After the release of the seventh census data of the Chinese Communist Party, private citizens and netizens have questioned the serious falsification of the census data, which has been reported by Apollo.com, and today we share with you the inside story of data falsification revealed by the famous population expert Yi Fu Xian. Let’s see how many billions have been falsified? According to Yi, China’s economy will only continue to decline as a result.
After the population issue, let’s look at the food issue. Total grain imports increased 60% year-on-year in the first quarter of this year, with corn imports soaring 437.8%. Some analysts believe that China is buying food regardless of cost and fears big moves.
With economic data falling across the board in April and CCP officials admitting new problems are emerging, analysts believe China’s economy has peaked and the CCP is facing a dilemma.
The Chinese Communist Party not only falsifies population data, but also plagiarizes Swiss scenery in a domestic tourism film promoted by the central party media.
News! The Biden administration again postponed the implementation of Trump’s ban on the Chinese Communist Party.
Chinese Communist Party Officials Admit New Problems as Economic Data Fall Back Significantly
On May 17, the National Bureau of Statistics of the Communist Party of China announced the year-on-year growth rates of industry, investment and consumption in April, down significantly from March.
Official data showed that industrial value added above the scale in April grew 9.8% year-on-year, down from 14.1% in March and below the median estimate of 10%; fixed asset investment growth fell from 25.6% in January-March to 19.9% in January-April.
In addition, total retail sales of consumer goods rose 17.7% year-over-year, well below the 34.2% increase in March and well below the expected 25% increase. Retail sales are a key indicator of domestic consumption in China.
The two-year average growth rate of retail sales slowed to 4.3% in April from 6.3% in March, with weaker consumption of both goods and food services, dampening expectations that consumer demand would replace investment as a growth driver.
Fu Linghui, spokesman for the National Bureau of Statistics of the Communist Party of China, said at a press conference that China’s economic recovery is not yet on a firm footing due to new problems that have emerged.
Fu Lichun, founding partner of Yuntai Capital, said that the main challenges of China’s economy now focus on rising commodity prices and further compression of profit margins in the production and manufacturing industries. For the financial capital market, the structural problem of excessive liquidity accumulation is relatively prominent, and “risk control” is still the key word.
Data from China’s National Bureau of Statistics showed that the growth rate of sales of household appliances fell sharply from the previous month, slipping 6.1% from 38.9% in March.
Bloomberg reports that the data suggest China’s economic growth may have stalled at a high level, with consumer spending and manufacturing investment yet to recover, and policymakers also seeking to curb the real estate sector and scale back infrastructure stimulus measures.
“The economy’s quarter-over-quarter growth rate may have peaked in the first quarter,” according to Zhiwei Zhang, chief economist at BUPA Asset Management, “and we expect growth to gradually slow down in the coming months.”
Bloomberg, a financial derivatives researcher at Founder Futures, pointed out that the possibility of an inflationary outbreak after the economic recovery is a cause for concern. The current surge in global commodity and industrial raw material prices will be further transmitted to consumer goods in the future, and the increase in inflation will have a negative impact on asset prices; in addition, the influx of foreign hot money after the appreciation of the RMB may also cause short-term asset bubbles and pose a shock to the macro economy.
In a report to clients on Monday, Louis Kuijs, an economist at Oxford Economics, said Communist Party policymakers face a dilemma: The government wants to reduce leverage generally, but continued weak consumption data means more pro-growth macro policies are needed, and pro-growth policies in turn will exacerbate financial risks and push up leverage.
Imports Surge 437.8% as China Buys Food at Any Cost, Fears Big Moves?
The General Administration of Customs announced on April 13 an increase in imports of China’s major commodities in the first quarter of 2021, including a total of 37.606 million tons of grain imports in the first quarter, an increase of 62.3% year-on-year!
Specific breakdown, the largest demand for food imports is corn, China’s first quarter corn imports of 6.727 million tons, a surge of 437.8% imports! Soaring more than five times over the same period last year!
Wheat imports in the first quarter more than doubled from the same period a year earlier, up 131.2%! to 2.295 million tons. Even soybeans, which saw a smaller increase in imports, were imported 21.178 million tons in the first quarter, an increase of about 19%.
China’s purchase of food this time, called regardless of cost, is the international food prices fell?
Data released in January this year showed that global food prices have risen for nine consecutive months, with the FAO food price index rising 26.5% year-on-year.
International corn prices rose 11.2% in January from a year earlier, and if it is year-on-year in January 2020 it jumped 42.3%. The international market for wheat is also at a seven-year high, up 54% from January last year. That’s a rise of more than 50% in one year.
From April, international grain prices continued to rise, corn, soybeans, wheat broke through a new high in eight years, of which corn rose the most, up 38.6%, wheat rebounded to 14%, soybeans were up 17%.
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