China's 1Q2017 Manufacturing Profits Jump 28.3 % !!

The mainstream media, especially the Western mainstream media has always painted China with the most negative of brushes. Like China will collapse, their economy is unsustainable etc. 

Have you all heard of a "strategic consulting" firm called Stratfor? I know people who paid money to them to get "boutique" analysis about countries. Economic, political, military analysis and so on. 

A couple of years ago Stratfor made a huge prediction about the imminent collapse of China. Of course no such thing has happened.  This has become a major embarrassment for Stratfor.

I think Stratfor has now sort of "closed shop". Their boss has left to start yet another "strategic consultancy". At least that is what he implied in an email I received the other day.  

Anyway here is some news about the Chinese economy. Their manufacturing sector has recorded a 28.3% growth in profits for the 1st quarter of 2017 91Q2017) ie january to March 2017. Here is some news : 

Mainland China's Rising Manufacturing Profits 

Expansion in Chinese manufacturing sector 

industrial profits rise, well-positioned for domestic reinvestment

further gains in industrial output

Mainland China's Economy Accelerates in Q1, Brightens Global Outlook
 

China enjoyed windfall industrial profits in April

nation's manufacturing is in for sustainable pace of expansion. 

pickup in economic sentiment in advanced and developing economies 

brightened outlook for Chinese manufactured exports

Chinese manufacturing earned 14% more in April than a year ago

robust profits optimistic sign for global producers of raw materials 

Earnings increased to 572.78b renminbi (US$83.59b)

In March, manufacturing profits rose 23.8% Y-O-Y

year-to-date profits end April reached 2.28 trillion renminbi

24.4% above previous year's result. 

In 1Q17, manufacturing profits added 28.3% Y-O-Y

growth in earnings impressive

massive expansion in construction sector

demand for construction materials, steel, cement

expansion in  industrial sector

6.9% GDP expansion in 1Q17, China confidently heading for 6.5% growth

"less pessimistic about short-term growth than just two months ago," Nomura

Nomura expects Chinese economy to expand 6.7% this year, and 6.2% in 2018

My comments : Folks, we can now notice the increasing presence of mainland Chinese in Malaysia. Yesterday a tour bus pulled up at a 4 star hotel near my office.  A whole group of mainland Chinese guys were boarding the bus. They look young, healthy and obviously have money to spend.

China is becoming so damned super competitive at a time when Malaysia is becoming so damned super stupid. 

Not just Malaysia, but the entire Islamic world is becoming super stupid.  

We will NOT be able to beat the Chinese in cost and quantity.

But we can certainly beat them in quality.  

To do that we have to wake up.

Not all Malaysians are sleeping. Many are fully awake.