filoria

The story not being told is that Chinese factories are absurdly automated compared to the rest of Asia - their competitors are South Korean and Japanese factories, but they're entering markets that are still heavily labour-centric. China is spearheading this new evolution of industrial manufacturing and everyone else is forced to either adapt or die.

4.7% YoY Q2

5.3% YoY Q1

0.7% QoQ Q2

1.5% QoQ Q1

Retail sales were the contributor (2.0% YoY growth, vs. 3.3% expected)

Retail growth is being sandbagged by a few key factors:

1. Luxury goods demand being beaten to the absolute ground. Eviscerated.

2. Foreign brands have tanked in China - Apple, foreign cars, etc. and have been replaced by (cheaper) domestic alternatives like Huawei, BYD, etc.

3. New trade restrictions with the US and Europe have limited Chinese consumption patterns. For example, the RTX 4090 is blocked from being exported to China.

Alibaba has already gone crazy with it lmao it's so funny

That's a real lemmy.world take lol

Justifying war crimes - the American way

US journalism is unreliable? Say it isn't so...

The entire principle of US journalism is to fill the zone with shit and have everyone sift through the shit to find their own independent nugget of truth.

Definitely no signs of foreign interference, which the US would never do in South America.

If anyone wanted more evidence of how IMF loans are not in the best interests of the countries that take them, see here.

Something something this is a sign of a healthy economy and it's actually China that's going to collapse

Genocide is ok because it happened in the past? Glad to know how much you respect the rule of law and whatever.

You do realize that renewables still have an emissions footprint from manufacturing, transportation, deployment, transmission, and recycling/retirement... Right? That they're limited lifespan disposable goods? So are batteries.

Moreover, each new solar panel has an opportunity cost in that it could be used to supplant fossil fuels in an area of the world that would actually benefit from it, rather than helping a facility THAT ALREADY HAS A TEMPERATURE CONTROL SYSTEM cool things down further because Americans are too spoiled with their extreme electricity consumption patterns to do anything else.