TFIGlobal
TFIGlobal
Right Arm. Round the World. FAST.
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • Indo-Pacific
  • Americas
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
TFIGlobal
TFIGlobal
No Result
View All Result

China loses Economy war to India

Sanbeer Singh Ranhotra by Sanbeer Singh Ranhotra
March 5, 2022
in Geopolitics
Reading Time: 3 mins read
0
China
5.4k
VIEWS
Share on FacebookShare on Twitter
Become a Patron!

China had it all planned out. For the next decade or so, China aimed to hit double-digit economic growth every year. You see, China wants to desperately replace the United States of America as the largest economy of the world by 2030. That goal is now way off schedule. If at all, the ability of China to replace the United States has been dealt a severe blow. The condition is so bad within China that the Chinese Communist Party has itself downgraded the country’s economic growth rate.

China set its lowest GDP target in decades on Saturday. China’s Premier Li Keqiang announced the unusually modest target of around 5.5 percent in the presence of Xi Jinping. What this means is that China will witness the slowest rate of economic growth this financial year since 1991. That’s right. China is set to suffer a painful year, the kind it has not seen in three decades.

Also Read

The dollar is officially DEAD now

China has created a trench between itself and Russia, and it’s going to end badly for China

The Chinese Premier said, “A comprehensive analysis of evolving dynamics at home and abroad indicates that this year, our country will encounter many more risks and challenges.”

Painful Year Ahead for China

The Chinese economy has been unwinding for many reasons. The Covid-19 pandemic has stumped production and consumption within the Communist nation. China’s exports aren’t doing very well either. To make matters worse, China is reeling under the stress of a real estate sector collapse. Chinese developers are going bankrupt and are unable to pay their debts.

The property sector in China has plummeted. There is no significant activity among home buyers. And then, there is Xi Jinping’s unrelenting slaughter of China’s private sector. The Tech sector has been worst hit. All of this was bound to create tough times for China, and it has.

China needed double-digit growth over the next decade to beat the United States. Subsequent to that, it was anticipating economic growth of 8-9 per cent for the years that followed. However, China’s growth has already slumped to an “official level” of 5.5 per cent. That is not good news for the CCP, especially Xi Jinping.

Read more: The world’s economy is now inversely proportional to China’s economy

But guess what? Even the 5.5 per cent figure is a lie. The Communist nation never publishes its actual economic growth. It has been lying through its teeth all these years. The latest figure too, therefore, is a mere eyewash.

What that tells you is that the health of China’s economy is far worse than actually perceived.

India Beats China

India’s GDP is seen growing at 8.9 per cent in the current financial year. According to all major studies, the Indian economy is poised to grow at the quickest pace among the league of large nations. In its January 2022 update, the IMF listed India as the only country whose growth projection has been revised upwards in 2022-23.

The Indian economy is estimated to have grown at 20.3 per cent in April-June as against earlier estimate of 20.1 per cent, and at 8.5 per cent in July-September against the earlier estimate of 8.4 per cent. (FY 2022-23 figures)

Do you see such numbers in China? Absolutely not. China has been reduced into a pathetic side show due to the imprudent economic policies of one madman who is hell bent on undoing all the gains made by his country in the past three decades.

Tags: ChinaEconomyIMFIndiaXi Jinping
ShareTweetSend
Previous Post

One move by the Korean opposition has dashed the re-election ambitions of the ruling liberals

Next Post

So will Russia really lose its permanent seat at the UNSC?

Also Read

The Ukraine war is slowly but surely debt-trapping the EU as Germany presses the panic button

The Ukraine war is slowly but surely debt-trapping the EU as Germany presses the panic button

May 22, 2022
Biden stole $40 billion from small restaurants and businesses to send aid to Ukraine

Biden stole $40 billion from small restaurants and businesses to send aid to Ukraine

May 22, 2022
The dollar is officially DEAD now

The dollar is officially DEAD now

May 22, 2022
UK has officially become the sick man of Europe again

UK has officially become the sick man of Europe again

May 22, 2022
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Trending
  • Comments
  • Latest
Europe to activate Nord Stream 2 gas pipeline very soon   

Europe to activate Nord Stream 2 gas pipeline very soon  

May 14, 2022
Qatar scraps its LNG deal with Germany at the last minute citing new conditions

Qatar scraps its LNG deal with Germany at the last minute citing new conditions

May 11, 2022
China makes the last-ditch effort to prevent its faulty weapons from getting exposed in Ukraine

China makes the last-ditch effort to prevent its faulty weapons from getting exposed in Ukraine

May 10, 2022
‘Slovakia’s food is for Slovakians,’ Slovakia’s trade restrictions leave EU fuming

‘Slovakia’s food is for Slovakians,’ Slovakia’s trade restrictions leave EU fuming

May 14, 2022
China could stage a hostile takeover of Japanese semiconductor firms to heal its wounds

China could stage a hostile takeover of Japanese semiconductor firms to heal its wounds

May 7, 2022
Europe to activate Nord Stream 2 gas pipeline very soon   

Europe to activate Nord Stream 2 gas pipeline very soon  

We predicted one month ago that Biden will say sorry to MBS. It’s happening in 10 days

We predicted one month ago that Biden will say sorry to MBS. It’s happening in 10 days

Turkey spoils the big NATO unification party

Turkey spoils the big NATO unification party

European Union comes up with a clever plan (to bypass its own sanctions on Russia)

European Union comes up with a clever plan (to bypass its own sanctions on Russia)

Biden can solve the baby formula crisis with a click of his finger, but he is exacerbating it

Biden can solve the baby formula crisis with a click of his finger, but he is exacerbating it

The Ukraine war is slowly but surely debt-trapping the EU as Germany presses the panic button

The Ukraine war is slowly but surely debt-trapping the EU as Germany presses the panic button

May 22, 2022
US economy is all set to suffer ten big setbacks in the next six months

US economy is all set to suffer ten big setbacks in the next six months

May 22, 2022
Biden stole $40 billion from small restaurants and businesses to send aid to Ukraine

Biden stole $40 billion from small restaurants and businesses to send aid to Ukraine

May 22, 2022
The dollar is officially DEAD now

The dollar is officially DEAD now

May 22, 2022
UK has officially become the sick man of Europe again

UK has officially become the sick man of Europe again

May 22, 2022
Youtube Twitter Facebook
TFIGlobal
  • About us
  • Contact Us
  • Terms of use
  • Privacy Policy

©2022 - TFI MEDIA PRIVATE LIMITED

No Result
View All Result
  • Indo-Pacific
  • Americas
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa

©2022 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Follow us on Twitter

and never miss an insightful take by the TFIGlobal team

Follow @tfiglobal
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.