[link removed]

In this mailing:
* Gordon G. Chang: Crazy Optimism About China's Economy
* Drieu Godefridi: Environmentalism Impoverishes, Kills


** Crazy Optimism About China's Economy ([link removed])
------------------------------------------------------------

by Gordon G. Chang • January 30, 2023 at 5:00 am
[link removed] [link removed] [link removed] [link removed] [link removed]
ut+China%27s+Economy [link removed]
* Stocks may soar for a while, but China's economy is far sicker than analysts assume.
* First, China's disease statistics are questionable.
* Beijing is asking the world to believe that SARS-CoV-2, the pathogen causing this disease, is behaving differently in China than it has in all other parts of the world.
* Second, even if China were over Covid as the regime maintains, the economy is still plagued by its over-dependence on property, which accounts for almost 30% of GDP.
* "The property sector downturn is hard-wired into the first half of 2023," reported the Rhodium Group last month, in an analysis on China's economic prospects.
* Fourth, the regime during the pandemic did almost nothing to remedy the principal structural flaw in the Chinese economy: the overreliance on government spending.
* China is not going to have a good 2023 or a good 2024. Foreigners are going to lose money in China again.

Stocks may soar for a while, but China's economy is far sicker than analysts assume. China is not going to have a good 2023 or a good 2024. Foreigners are going to lose money in China again. (Image source: iStock)

China's propagandists tell us the Chinese economy this year will "accelerate to 4.8%." Foreign analysts are even more bullish. Goldman Sachs estimates growth of gross domestic product of 5.5%.

China's National Health Commission announced the end of the Communist Party's "dynamic zero-Covid" policy on December 7. It did not take long for Wall Street to crank up the optimism machine. Morgan Stanley, on the following day, issued a research note predicting that Chinese equities would outperform emerging markets and global peers.

Since then, financial analysts have been falling over themselves to say how China's stocks will continue to soar this year.

Stocks may soar for a while, but China's economy is far sicker than analysts assume.

At the heart of the sunny views is how fast China has put COVID-19 behind it.

Continue Reading Article ([link removed])


** Environmentalism Impoverishes, Kills ([link removed])
------------------------------------------------------------

by Drieu Godefridi • January 30, 2023 at 4:00 am
[link removed] [link removed] [link removed] [link removed] [link removed]
tute.org%2F19364%2Fenvironmentalism-impoverishes-kills&pubid=ra-52f7af5809191749&ct=1&title=Environmentalism+Impoverishes%2C+Kills [link removed]
* As you read this, some European families are already at 15 degrees (59° Fahrenheit) in their living rooms . Happy New Year!
* Of course, nuclear energy is not without risks and shortcomings... After the progressive banishment of coal in much of Europe, however, and as the EU countries have practically no easily extracted gas of their own, there are only two options: nuclear energy, and imported gas.
* The countless restrictions on heating and electricity that Europeans have to impose on themselves -- they have no choice -- will have devastating consequences.
* Due to the current insane energy prices, The Economist explained, 147,000 Europeans will die this winter in excess of the annual average... If the winter is mild, according to the magazine, this drops to 79,000 "excess" deaths. If the winter is harsh, the number of "excess" deaths is projected to be 185,000...
* Tens of thousands of soldiers are estimated to have been killed in the Ukraine war. Put another way, even in a best-case scenario -- a mild winter -- according to The Economist, exploding energy prices could kill more Europeans than the war in Ukraine has killed soldiers. Staggering.
* Cold kills. The cold directly kills those who give up heating, those who perish in the street. The cold encourages the deadly diseases that thrive in winter. The cold kills those who try to heat themselves by alternative, makeshift means.
* This tragedy the direct consequence of the green energy policies that have been pursued in Europe for the past 20 years.
* The biggest European environmental organizations have been massively financed (bought, bribed) by Gazprom -- in other words, by the Russian government.

The countless restrictions on heating and electricity that Europeans have to impose on themselves will have devastating consequences. Due to the current insane energy prices, The Economist estimates that 147,000 Europeans will die this winter in excess of the annual average. Pictured: Senior citizens sit in a coffee shop at Jacksons Lane Theatre on November 30, 2022 in London. The theater, like some charities, councils and community groups, offers the public free use of heated communal areas as a "warm bank", where people can spend time without needing to heat their homes. (Photo by Leon Neal/Getty Images)

The explosion in energy prices after the war in Ukraine began, but above all as a consequence of the "green" energy policies which have made Europe so dependent on Russian gas for the last 20 years, has led and is leading hundreds of millions of Europeans to restrict their energy consumption, especially this winter, in heating.

As you read this, some European families are already at 15 degrees (59° Fahrenheit) in their living rooms . Happy New Year!

And winter is not near its end. The countless restrictions on heating and electricity that Europeans have to impose on themselves -- they have no choice -- will have devastating consequences. That was the conclusion of a robust statistical survey published recently by the British magazine The Economist.

Continue Reading Article ([link removed])

============================================================
** Facebook ([link removed])
** Twitter ([link removed])
** RSS ([link removed])
** Donate ([link removed])
Copyright © Gatestone Institute, All rights reserved.

You are subscribed to this list as [email protected]

You can change how you receive these emails:
** Update your subscription preferences ([link removed])
or ** Unsubscribe from this list ([link removed])

** Gatestone Institute ([link removed])

14 East 60 St., Suite 705, New York, NY 10022