Indian Female Journalist Says:
In order to boost consumption, the government has provided large discounts for Chinese to buy cars, washing machines and other electrical appliances.
It also means that the government is subsidizing these things.
They are the second largest economy in the world, why are they doing that?
So urgently for the people to shop, that's because their economy is hurt and they want to restore it. Their situation has gotten worse over the past few years.
To be fair, their GDP has grown by 5.3%, which is pretty good for their size. But there are still very few goals for them.
So, they found a solution. They came up with a plan for selling it nationwide
Sponsored by the government, planned and implemented by local governments. Prompting people to buy household appliances, as well as cars.
So that people should buy and replace, or old things to create new things.
Suzhou has allocated more than $13 million for car subsidies, so if local residents want to buy a new car, they can get a $1,000 discount.
Other Chinese cities are expected to roll out similar programs to help them recover and circulate their economies.
Experts say there will be a jump in retail sales, which will boost economic growth, possibly by 0.6%, and then by 0.77%.
However, there is an objection from US Admiral John Aquili, who is the US commander of the Indo-Pacific.
He believes that China's economy is in poor shape and may fail, and even questioned the untruthfulness of the figures.
The officer also said that despite the economic recession, they are investing heavily in the military. This worries him.
Netizen: yipian
From the past to the present, this story goes on forever. Most of the Western media believe that China's economy is in recession.
However, the fact is that they grew by 5.3% in the first quarter, they offer subsidies, and they want to attract more investors.
网友：Headphones
As the mainstream Western media say, their economy has been collapsing since the beginning of the last century, which is not surprising to me.
Don't worry about India, continue to be number one!
Indian: wionpork
Coming to India, we are still bothered about food, we don't have a house, we don't have money, everything is just to survive.
However, the countries you speak of are about to collapse, but you are encouraging more money to spend to improve the quality of life. What is the truth?
战忽局:JITWWB
Nope! China is still a developing country, and we often lack electricity, so we can only rely on lightning to maintain power.
We rely mainly on pandas and cranes for transportation.
India's huge development potential has long left us behind.
Netizen: bispnm
The U.S. Pacific Command knows very little about the economy, and the U.S. economy is in decline.
Last year, the U.S. budget revenue was $4.9 trillion, but the U.S. government spent $900 billion on defense, or almost 25 percent of the government's budget revenue. The U.S. budget deficit is $1.2 trillion.
China's current budget revenue is 4 trillion US dollars, of which 224 billion yuan is for defense, accounting for only 5.6% of the government's budget revenue, one of the lowest in Asia.
网友：PaleBlue
The ratio of military spending to GDP in 2023 (top 10) is as follows:
- No. 1: The United States, $856 billion, accounting for 3.21% of GDP
- No. 2: China, US$224.9 billion, accounting for 1.32% of GDP
- No. 3: India, $80 billion, GDP 2.11%
- No. 4: The United Kingdom, $69.1 billion, accounting for 2.41% of GDP
- No. 5: Saudi Arabia, $69 billion, accounting for 7.98% of GDP
- No. 6: Russia, $67.1 billion, accounting for 3.87% of GDP
- No. 7: Germany, $55.4 billion, accounting for 1.39% of GDP
- No. 8: Japan, $51 billion, accounting for 0.98% of GDP
- No. 9: South Korea, $42.5 billion, GDP accounting for 2.41%
- No. 10: France, $41.8 billion, accounting for 1.49% of GDP
Netizen: jliang
To be fair, China maintained its leading position in terms of GDP last year in terms of growth in dollar terms, and its economic growth is likely to reach $1 trillion instead of $0.3 trillion like India.
网友:brekinline
Ha ha. China's GDP is 5.5 times that of India. At such a huge scale, it is still growing at a healthy rate of 5.3%.
It's less than 3% in the United States, and how much water is there?
They have printed trillions of dollars more in recent years, all of which are financial bubbles.
Indian: ransom
At least their government is actively addressing the issue of pushing consumers so that money circulates in the economy. What are we doing?
Netizen: whitemoon
Soldiers are really experts in commenting on the economy. The United States spends nearly $1 trillion, and China spends one-third of the United States.
So how can you say that China is investing heavily in defense? I think the U.S. has overspent and has to pay more than $1 trillion a year in interest alone.