I honestly suggest you get out of the pit-hole of numbers and formulas and look at the big picture. Do not "talk about war on papers", "纸上谈兵".
I am being serious and honest, not sacarstic.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
I am being serious and honest, not sacarstic.
The average Chinese wants to consume. The chinese goverment official / SOE manager/company owner want stable and growing wealth.This two are mutually exclusive. Who will win?
There is no country anywhere on the word that willing to run similar trade deficit like the US.
And without that the profit, and the exchange rate staibility is small or 0 .
These are the numbers .
Trade surpluss / deficit, ratio of consumption / investment / trade surpluss, loand to GDP per state sector ,ballance of payment between countries.
Everything else is just smoke and mirror.
I am the only one who include numbers.
Equation
Lieutenant General
This journalist finally admits the truth that China's tech industries, investors, and the plethora of tech expertise and students are a force to be reckon with, but in the end it gives same old cliche about how "freedom" is still "better" and that it is "safer"(not including mass shootings?) here in the US?
The Chinese think Palo Alto is dumpy
Danny Crichton,TechCrunch 2 hours 41 minutes ago
The great Raw Water Story of 2017 is finally over.
Good news! The great is finally over. Google tells me , but thankfully, humans seem to have filtered out any more stories or follow ups. Silicon Valley can rest easy.
But wait! There is another crisis brewing, and it isn’t the animal fecal matter in your algae water.
Over the past few days, we’ve seen the creation of a brand new genre of tech press article which might be called “the Chinese are really bored with Silicon Valley.”
(My sources tell me the Albanians are also bored with the Valley, but no one apparently cares what they think these days. Albania is in Africa, right?).
Apparently, and this is true because , Palo Alto looks kind of dumpy.
Color me as shocked as the green of this fungal H20. Dumpy? Have they seen the Persian rug store on University?
As the Journal describes a group of Chinese founders visiting the Valley, “To many in the group, northern California’s low-rise buildings looked shabbier than the glitzy skyscrapers in Beijing and Shenzhen.” Finally, someone noticed.
But it wasn’t just the WSJ that got in on the action. , which emphasized the growing financial opportunities and career options on the Chinese mainland compared to the U.S. From the article: “Yet the search for returnees has spurred a thriving cottage industry. In WeChat and Facebook cliques, headhunters and engineers from the diaspora exchange banter and animated gifs.”
Banter and animated gifs. My god the Valley is screwed.
This whole trend piece genre is kind of weird, particularly in the context of the other Silicon Valley freakout this week, which was Mike Moritz’ editorial in the Financial Times. Plus, Moritz and his “western eye” points out, the Chinese reuse teabags!
So basically, “The Chinese” living in Silicon Valley are sending animated gifs, bantering, and complaining about shabby Palo Alto buildings all the while dreaming of moving to Asia to reuse teabags and not see their children.
And people say journalism is dead.
Now, I am being flippant (if you hadn’t noticed, you might want to delete your angry tweet from a couple of paragraphs ago). There really is an important trend that people should be paying attention to when it comes to global worker mobility and particularly the mobility of Chinese tech workers.
But it is deeply amusing to me to see the fear of a brain drain in a region that has probably drained more brains from the rest of the world than any other place.
China has much to be proud of in its tech sector. The so-called BAT companies — Baidu, Alibaba, and Tencent — are together worth more than a trillion dollars today. Transportation services startup , and news content platform . , second only to the United States.
The broader ecosystem is even more compelling. and are starting to rival Silicon Valley levels. The number of startups is also huge, and China is probably home to more tech startups than all ecosystems but the Valley (and maybe the Valley, too, depending on how you count).
Plus, the government is putting its money where its mouth is. Back in 2008, the Chinese government launched the to recruit 1,000 overseas researchers to the mainland. Those recruitment programs have expanded and continue unabated. Furthermore, the government has placed , and will put billions of dollars to work in related industries.
In short, China together has some of the most interesting, fastest-growing technology companies in the world right now, and is also giving them the royal treatment. It is hardly surprising then that given the tremendous growth in its domestic startup ecosystem, overseas Chinese engineers would start to look back toward China for their next career steps.
For all of the concerns of the press that there is a new brain drain in Silicon Valley, I think we can rest easy. Despite Palo Alto’s shabby look, lack of mobile payments, and lack of face-recognition software, America still has many, many desirable qualities. It’s safe and clean. Corruption is reasonably rare. Universities are still the best in the world. The bureaucracy around running a business is reasonably simple and well-trodden. Freedom of speech and expression is also strong.
It’s important that America doesn’t rest on its laurels, but neither should we go into full crisis mode to change a system that has produced some of the most impactful companies in the world. Maybe a few more Chinese are leaving Silicon Valley these days. Maybe. That sounds like both a warning, and an opportunity to build and heal the tech divide between two great powers. Maybe both sides can drink some raw water from the Yangtze River.
Firstly, I and many here are not trying to convince you that "US to get rid of her trade feficit". Not at all. What ever U.S. does with it is her own business, for her own good or bad. What we are arguing with you is that we don't believe that other countries like China will have to live on it for ever, nor benifit from it for ever. China will find her own way of continue with or without all the "benifit" and "opertunity" that you are suggesting.
Secondly, the world has lasted and prospered to the time when U.S. began to run trade deficit (1970s???) for many thousand of years. Apperantly the world can continue to prosper without that "precious" deficit of anyone, so is the exchange rate stability can be maintained without dollar. Gold or Silver, remember?, can just do the job as they have done for many thousand of years.
Bottom line is, the earth will keep rotating without anybody, eveny any human as it has been. Nobody is indispensible.
Although I respect you to uphold your faith to what you say, but it is clear now that there is nothing more between us to debate as everything has been circled. I will leave it to you to find out if there is anyone else who may be able to agree with.
Hendrik_2000
Lieutenant General
Petis he was bearish on China for ages Yet he kept investing in China buying recording company investing in restaurant It does not cost him anything to be wrong just like Gordon Change Because he sing to the choir so to speak He has been worn for many years go search all his rticle form 1990
AllSya the same thing He is just like Gordon Chang
manqiangrexue
Brigadier
Why? Because inner Mongolia being barren wasteland isn't good for anything, is it? So it needs to be developed, then it can become another metropolis with high GDP. I don't often have to explain simple things like this to people. Reread the portion of my comment that you CUT OFF because more answers to your "why?" are already there.
I've always admitted that I'm no economics guru so oftentimes, when people say things that are very technical, I cannot judge the truth. But when you say things like, "There's no need to develop or build new cities; just pile all of your people into your existing city! That way you can avoid having to build roads!" it makes me strongly suspect that everything you say is wrong even when I cannot judge them independently. This is definitely your second "Supercomputers are just normal computers hooked up to each other" moment. Before that, I thought you might have an understanding on technology; after that, I know you don't. Now, I know you don't understand economics either.
"Talk nice?" LOL Did it compliment you? LOL
Chinese SOEs use loans and take up money. So what? They work on gargantuan tasks that need investment to achieve. When you make J-20, Y-20, Type 055, Taihulight, Quantum technology, you think that comes cheap? You think some Joe with a little shop trying to earn profit for his family is gonna make those for the country? We've told you this before: not everything is about profit. This is national capability and it costs money. When everything you do is about efficiency and profit, you are a slave to money. When you know when to earn money and when to spend the money for your benefit, you become money's master. You are clearly stuck in a slave mentality thinking that whatever doesn't bring in immediate profits (road-building, SOEs taking on massive projects) is a mistake. The chains and shackles that you wear are for you to keep, they do not fit the Chinese.
And also, I asked you to provide numbers for how much Chinese SOEs need to spend to get something done and compare those to numbers on what would be considered efficient, and you couldn't get any, right? OK, I thought so.
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Jura The idiot
General
Hendrik_2000
Lieutenant General
Here is the proof once for all that Chinese people live did improve over years as wages keep growing and inflation is low From Henri K blog. As I have been saying all along compare to other country
