China’s economic growth slowed in the third quarter. Why can China still have confidence to get rid of poverty?

(Boxun) China released its third-quarter China GDP data on Friday. The data shows that the slowdown in China’s economic growth is due to the impact of trade wars, making it difficult for Beijing to achieve its economic growth target. There are still 71 days left in 2020, because next year is the goal of the Chinese government to build a well-off society in an all-round way. Obviously this plan is an economic growth target set more than a decade ago, but under the influence of trade wars and geopolitical conflicts, such economic growth targets make it difficult for many Chinese people to reach a consensus. However, Chinese leaders seem to be very confident to see the continued impact of economic growth on China. Of course, the authorities are also not allowed to have some discourses that disguise the Chinese economy in disguise.
China’s Financial Supervisory Authority has issued a number of policies to curb lending addiction over time, hoping that people can use disposable cash flow for consumption. However, the authorities are also worried that such measures may stimulate the emergence of many private lending companies. These private lending companies were mainly investigated and dealt with in various parts of China in 2017 because of the series of adverse impacts on the market economy. Large financial lending companies have always been under the control of the government. All economic policies are affecting the operation of these companies, just like a pigeon whose feet are bound by chains, one side is the inherent economic policy, and the other is the administrative intervention of the government. . In China, financial companies are generally linked to Internet companies. Some well-known Internet companies have also expanded these businesses in recent years, known as Internet finance.
Although there are some singularities in assessing China’s economic trends from short-term economic growth, economic risks have always been very variable from the perspective of trade wars that last for several months. Affected by the trade war, Chinese pork prices continue to rise, and many people are worried that the price of future agricultural and sideline products will not return to the previous level. Some merchants selling agricultural and sideline products are also worried that although the government has introduced a series of subsidy policies, especially in terms of reserve meat, there are few people buying.
Chinese leader Xi Jinping has visited several poverty-stricken counties in China in the past year. It seems that he is showing the determination of a Chinese country to get rid of poverty. Some economists believe that it is difficult for China’s poverty alleviation to reach the standard line set by the United Nations in the end. Perhaps it is to reduce the standards of a well-off society by slowing economic growth. Standard & Poor’s, the international credit rating agency, is downgrading Hong Kong’s credit rating index because long-term geopolitical turmoil has had a certain impact on Hong Kong’s financial stability. China has expressed its protest. However, some analysts believe that this may be It has brought an opportunity and challenge to China’s poverty alleviation. A Chinese student studying in Australia, Rone, said that in Australia, many small household parts made in China can be seen, and local production is very small. In addition, the official propaganda agencies are gradually reducing the propaganda of poverty alleviation. This seems to be deliberately avoiding the period of trade wars, so as to avoid deeper concerns. However, public service advertisements on poverty alleviation and poverty alleviation can still be seen on the streets of China, which implies that the people will live a good life under the leadership of the Communist Party of China. Perhaps, this situation is reflected in the recent Chinese Foreign Ministry’s regular press conference, Hua Chunying’s return to this is the result of the Chinese people’s practice. The people here are also urban dwellers and middle class belonging to China. This is a phenomenon unique to China. Many Chinese middle classes do not seem to care about whether they can get rid of poverty. What deserves to be paid is how much their assets shrink every day.
The unity of the Chinese has not been further strengthened. On the contrary, it has gradually become a loose sand.