@philippilk @FT @imandylin2 @xueqiao1994 Fake news is your misrepresenting one data point. The 7.2% for the full year was versus 2022 when retail sales were -0.3% due to lockdowns. Trend not strong and decelerating last few months.

@RichardTCasey @FT @imandylin2 @xueqiao1994 Retail sales are growing. Consumers are not "tightening their belts" which implies that retail sales would be shrinking. Idk what to tell you.🤷‍♂️

@philippilk @FT @imandylin2 @xueqiao1994 The FT gives falling car prices as their indicator of the "belt tightening" but I'm pretty sure it's more of an indicator of insane competition between hundreds of car makers. China has 300 companies that manufacture EVs, the US has 27.

@RnaudBertrand @FT @imandylin2 @xueqiao1994 The idea of even using car prices as a proxy for consumption is utterly deranged and makes no sense.

@philippilk @FT @imandylin2 @xueqiao1994 I am no expert, but the 7.4% figure is for Dic 2023, we have to wait for January to know if the current downward trend is still happening, no? The CPI is also going down...

@CSessuale @FT @imandylin2 @xueqiao1994 There’s no downward trend. Consumption is growing. The papers are just lying about it because that’s the world we live in now.

@philippilk @FT @imandylin2 @xueqiao1994 So I guess that begs the question, why write articles like this?

@philippilk @FT @imandylin2 @xueqiao1994 Hi Philip, here is the breakdown, from my perch in Shenyang 1. lower/middle income Chinese households overall are struggling post pandemic. Many of them got their savings drastically reduced and lost their small shop retail businesses. I can confirm this directly as I have…

@philippilk @FT @imandylin2 @xueqiao1994 Hi Philip, here is the breakdown, from my perch in Shenyang 1. lower/middle income Chinese households overall are struggling post pandemic. Many of them got their savings drastically reduced and lost their small shop retail businesses. I can confirm this directly as I have…

@philippilk Might have something to do with the fact that the FT is owned by the Japanese company, Nikkei Inc. Critics have pointed out that Nikkei basically just parrots the views of the Japanese govt and business community. Well, that’s according to Wikipedia: .

@philippilk @RnaudBertrand @FT @imandylin2 @xueqiao1994 While the US is in complete denial, China will move ahead and the world will prosper.

@philippilk @RnaudBertrand @FT @imandylin2 @xueqiao1994 For a new industry sector, rising performance + falling price is how to rapidly raise penetration rate and make it mainstream

@philippilk @FT @imandylin2 @xueqiao1994 Dishonest journalism at best.

@philippilk @moghilemear13 @FT @imandylin2 @xueqiao1994 On low inflation at that. Don't think Argentinian happy with their retails sales with 200% inflation

@philippilk @FT @imandylin2 @xueqiao1994 The "China Fail!" drumbeat must be kept up in the Western corporate media organs, I suppose

@philippilk @FT @imandylin2 @xueqiao1994 Sales are up across the board, increased spending during Chinese New Year, just from the data I've seen at work today.