Chinese Economics Thread

Laviduce

Junior Member
Registered Member
I have to disagree here. Respect is neither given nor earned, it is beaten - as in China must beat respect into America's head until America sings it like Aretha Franklin,

R-E-S-P-E-C-T!
China, that's what you mean to me!

That should be one of the unstated goals of China's national rejuvenation.

Basic respect or basic common decency should be a given in any relationship be it romantic , business or otherwise. If anyone were to treat me disrespectful on the idea that respect has to be earned first, I would remove that person, group,etc. from my life ASAP. Been there, done that, never again. A former family member had the brilliant idea to tell me that respect is earned not given, while telling me that I was being a coward and talking out of my rear-end for wanting time to decompress before making contact with another family member i had not seen in 10+ years. Now that brilliant person that insisted on giving me this "advice" is a former family member that I have removed from my life.

Do not forget to respect yourself first and foremost, do not take abuse lying down but also treat others like you want to be treated. Sadly, Some people , including my former family member, seemed to have had a hard time grasping this concept.

Anyway, China is no angel but the amount of vitriolic propaganda i have seen being spewed out in many Anglo-American / Anglo-Saxon propaganda outlets is really disturbing and often totally out of touch with reality. No sense of self-reflection or accountability what-so-ever. These "journalists" are supposed to be "adults". What ever happened ?
 

ZeEa5KPul

Colonel
Registered Member
Basic respect or basic common decency should be a given in any relationship be it romantic , business or otherwise. If anyone were to treat me disrespectful on the idea that respect has to be earned first, I would remove that person, group,etc. from my life ASAP. Been there, done that, never again. A former family member had the brilliant idea to tell me that respect is earned not given, while telling me that I was being a coward and talking out of my rear-end for wanting time to decompress before making contact with another family member i had not seen in 10+ years. Now that brilliant person that insisted on giving me this "advice" is a former family member that I have removed from my life.

Do not forget to respect yourself first and foremost, do not take abuse lying down but also treat others like you want to be treated. Sadly, Some people , including my former family member, seemed to have had a hard time grasping this concept.

Anyway, China is no angel but the amount of vitriolic propaganda i have seen being spewed out in many Anglo-American / Anglo-Saxon propaganda outlets is really disturbing and often totally out of touch with reality. No sense of self-reflection or accountability what-so-ever. These "journalists" are supposed to be "adults". What ever happened ?
I meant "respect" in the narrow term that the mafia uses it - i.e., don't cross me or you'll end up in a hole in the ground that I make you dig. In fact, I think the best personification of the geopolitics between great powers is organized crime families. That's the kind of respect China should be concerned with and going after.
 

Gatekeeper

Brigadier
Registered Member
Cash:

Mainland: $3.1T
HK: $0.45T
TW: $0.4T

Treasuries:

Mainland: $1.1T
HK: $0.2T
TW: $0.2T

So ok. Taiwan and Hong Kong's holdings are meaningless as China can't control. Nevertheless what's left is quite substantial. BUT again what you trying to say. China holds $4.2T, but what about it? What you suggest China should do with it?
 

vincent

Grumpy Old Man
Staff member
Moderator - World Affairs
People confused "trust" with "respect". People should always respect each other regardless. Trust is the one that is earned.
 

AssassinsMace

Lieutenant General
I have to disagree here. Respect is neither given nor earned, it is beaten - as in China must beat respect into America's head until America sings it like Aretha Franklin,

R-E-S-P-E-C-T!
China, that's what you mean to me!

That should be one of the unstated goals of China's national rejuvenation.

I meant "respect" in the narrow term that the mafia uses it - i.e., don't cross me or you'll end up in a hole in the ground that I make you dig. In fact, I think the best personification of the geopolitics between great powers is organized crime families. That's the kind of respect China should be concerned with and going after.

That kind of respect is still earned whether it’s through aggression or kindness. Even though I can agree with using an "aggressive" hand towards China's antagonists around the world, it's more than just about them. Still, that respect is fleeting and superficial too. The West carries that kind respect and they're paranoid about the world because of it. That's why they're afraid of any non-Western country having power they don't control.
 

zgx09t

Junior Member
Registered Member
China's UST holdings help her primary income in BoP. Even though it doesn't directly help her terms of trade, it's one of the corner stones of Yuan stability, which is paramount to everything strategic to China's game plan. It will help cushion the negative effects of trade war as portion of goods and services in CAB shrinks. Trade war actually helps China in gaining favorable terms of trade with US over the last 12 months, as US export price indexes to China fell multiple times more than those of import from China, which actually had occasional slight upticks from month to month.
 

SoupDumplings

Junior Member
Registered Member
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Hi everyone, I've recently found this article which I found really interesting. It is from Zhao Yanjing, a Professor of Urban Planning at Xiamen University. He basically argues that with the rising calls in the US for decoupling from China , what China should do is to embrace more globalisation. This is because:
1) The US is currently trying to economically contain China, therefore China should do whatever it can to counter the US's efforts.
2) A significant chunk of the US's economic power comes from its control of the global currency (the US dollar), and its massive consumer economy. Other than the EU, China's domestic market is the only one that is comparable to the US. If China can slowly open its domestic market to the world, it can erode the US's ability to economically contain China.

In my opinion, with the massive loss of jobs in the US due to the coronavirus, if China can enact reforms (maybe by investing much more into its social welfare?) to encourage more consumption, it may have an opportunity to grab the attention of a lot of companies (and entire countries!) whose entire business is around selling goods to the US.

But I'm not entirely sure how much reform the CCP can push through right now. Local governments already have to deal with a bunch of other ongoing policies (like Xi Jinping's anti-poverty campaign), and too many new policies will just lead to them faking numbers. Can anyone more knowledgeable give comment? Thanks.

P.S: I recommend you use DeepL to translate the document. It is far better than google translate.
 

localizer

Colonel
Registered Member
In times of great economic difficulty, it is important to loosen regulations and reduce unnecessary government spending to promote more domestic economy.

Areas like the north east and inland China needs to have the same lax regulations as the coast.
 

AssassinsMace

Lieutenant General
All you have to do is look at the US for it's mistakes when it comes to globalization. It's not even just Trump that's short-sighted. Look at Obama who bragged that the US was energy independent because of fracking. If they're not buying oil from other countries, it means cheaper oil for China. This while the US for decades has been trying to control the world's oil supplies. They can't do that when a primary factor for them to be in control is being one of the largest customers of oil in the world. Right now the US thinks the world is going to be more angry about COVID-19 against China than their own economic well-being. China is the economic world engine. The US is not because they want to bring all outsourced jobs back and make everything at home. They don't want to be dependent on anyone else for anything. That means less countries are going to follow them. They delusionally believe people around the world gravitate towards them because people naturally love them, that people want to embrace their values because they're superior. No, they do it for the money. They hope they'll get rewarded for being on the US's "side". Look at the US's own anti-immigrant sentiment and they'll say it too that immigrants don't assimilate and just want to leech off the US. Trump charges the world has been ripping off the US even its European allies for decades. I thought it was all about natural love not money.

China should continue to being the economic engine of the world while the US decouples from it. There's only one China. No one in the world is going to be like China. They talk about all the problems in the future China will be facing because it lacks freedom. Why hasn't it already gone to another country that they claim has more freedom than China? If India is not beating China right now with all its advantages they claim they have over China, they'll never be close to being the next China. The so-called experts don't know crap. Just like when they point to Vietnam being the next China. Vietnam could never produce the volume China does especially since China supplies all the raw materials Vietnam uses to make things for outsourcers.

The US teases its high standard of living in order to trick people into doing it their way. A lot of countries don't have the means within their own borders to maintain that high standard of living. They don't have the consumer power to have a say. That means they have to sell to other countries what ever they can produce in order to maintain that lifestyle. The US is decoupling from the world and they want to get countries to stop doing business with China. How's that going to work out for countries that are export dependent? What the 2008 Western Financial Crisis exposed puts the US's allies into that category. If China's smart, the US will end up isolating itself not China.
 
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