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1. MangoC+(OP)[view] [source] 2024-08-18 04:24:35
> Who said EV was suppose to rescue PRC economy?

"How are China's 'new three' export pillars powering the economy?". https://news.cgtn.com/news/2024-03-07/How-are-China-s-new-th...

EV is literally one of the key pillars championed by the Chinese government as part of its 'new economy' initiative, straight from the horse's mouth.

replies(1): >>maxglu+LM1
2. maxglu+LM1[view] [source] 2024-08-19 01:19:01
>>MangoC+(OP)
Of course state media is effusively celebrating new industry export success as it's achieving major policy goals. It's acknowledging that they're new pillars "powering" the export economy as in contributing to significant part of new export _growth_. Which is not to be (mis)construed as these exports are "rescuing" a "collapsed" economy as OP insinuates which is retarded tier analysis. New industries -> some of of 1T/6T (yuan) growth last year from a 126T (again yuan) economy (>0.7% assuming PRC exported 0 of those things in 2022). As as incorrigible OP is, even he recognize this is around 1% of economy, i.e. most of growth is still internal, non export driven.
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