Miscellaneous News
- Thread starter bd popeye
- Start date
Here is a factoid for you. Because of low workforce participation in India and USA, China's workforce is bigger than India and USA combined by a significant margin. Which is quite surreal, really. India has just ~480 million people working. A lot of the available workforce is sitting empty. And like 200 million of them are working in agriculture. China has 735 million people working. You know, you would expect American journalists who are experts on everything to mention this but you know, a 0.5% annual decline in the Chinese workforce is more important.
For profit prisons if you wondered why so many Americans got incarcerated. Same thing with the ever more expensive housing, medical, and dental expenses. Most Americans are too brainwashed to understand how they have been ripped off by crony capitalism.
supercat
Colonel
I'm not sure if India is underestimated by most Chinese. But some Indians seem overconfident.
While that warmongering general probably wants to work for a major arms manufacturer through the military-industry revolving door, whoever wrote that tweet is an imbecile. What wonder weapon has the US produced recently? F-35?
What Italy actually matters to China is not the problem. The problem is Italy's arrogance toward China. They can't compete with China commercially anymore, but they still habor this racism over China as many Europeans still do. That's their root cause for leaving BRI.
No way I will waste 15 minutes to read the article!
Is there a specific technology that China relies on Italy? Is it market access? Is it Italian investment in China?
Sir within EU is Germany the driver of growth? IF the German do enter a severe recession, will that affect Italy and the whole of EU?
I am not sure how many of these are irreplaceable by domestic sources but most Chinese imports from Italy are high-tech products as you can see here. You can filter out furniture, food, clothes, metals, etc and more than half of the categories stay. There are a lot of pump and valve imports, interestingly. There are also some gas turbine and pharma imports. Regardless of if they are replaceable or not, Italian high-tech was found competitive by some Chinese businesses for certain.
I do not get why China needs to import luxury clothes to be honest. I think it is a matter of time until China itself becomes a major producer of such goods just like what happened with Japan. I thought Hong Kong was already known to make luxury clothes to a degree.
It's both a curse and a blessing.