Chinese Economics Thread

[bomberman]

Has China Won?: The Chinese Challenge to American Primacy | Kishore Mahbubani

China and the United States are the world powers of the 21st century. With many differences in political philosophy and diplomatic methods, they approach each other warily and communicate poorly. In "Has China Won?: The Chinese Challenge to American Primacy," Ambassador Kishore Mahbubani, a former Singaporean diplomat and prolific scholar with access to policymakers in Beijing and Washington, has written a guide to the deep fault lines in the relationship, an assessment of the risks of confrontation, and an appraisal of the strengths and weaknesses, and superpower eccentricities, of the United States and China.

 

[siegecrossbow]

Bravo South Korea. Kudos for standing up to US pressure.


SOUTH KOREA STERNLY REJECTS U.S. PRESSURE TO BAN HUAWEI 5G

EFE UDINOCTOBER 15, 2020

‌‌The U.S. and China have been at loggerheads over multiple issues. Considering the access to information that technology companies hold, Huawei has been in the U.S. spotlight for a long time. The U.S. government believes that any data with Huawei is not safe. It also believes that Huawei is fully under the control of the Chinese government. To this end, it has banned Huawei from its 5G network construction. In addition, it is also using its global influence to convince other countries to also ban Huawei. While many countries have actually banned Huawei, there are still many that do not believe the U.S. resolve.

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It has less to do with being brave and more to do with the fact that Trump doesn't have much time left.

 

[AssassinsMace]

Good economic news in China while there's no end in sight for the US mired in coronavirus... You think you're going to listen to the US? Listen and you're a country that's going to be left behind. I'm sure plenty of countries are reevaluating. China going up while the US is down. No one sees the US getting out of their mess anytime soon.

 

[bomberman]

This video has 2 part. In the first part, the panel discuss what the Chinese economy would look like in Q4 2020. The second part is on the ending of arms embargo on Iran.

What should be expected for the Chinese economy in the final quarter？

 

[localizer]

https://www.reddit.com/r/Sino/comments/jdxmpi

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[Petrolicious88]

Nominal GDP is an important metric; it's important at least from a psychological standpoint. But China has surpassed the US in many equally important metrics, and achieved levels that Japan or the Soviet Union could not even dreamed of either in absolute or in relative terms to the US.

1. China's economy measured by PPP GDP surpassed that of the US in 2014.

2. China's industrial output surpassed that of the US back in 2010; it is now equal the the combined output of the US, Japan and Germany, next three largest industrial powers.

3. China's annual steel output exceeds the combined output of the rest of the world combined.

4. China's annual auto production units consist of 28% of the world total, and exceeds the combined production units of the US, Japan and Germany, the next three largest auto production countries.

...... There are many more such metrics, which are considered as the level of industrialization. China is far away the world's largest industrial country, by aggregate measures.

We can also look at a few of the metrics for service industries.

5. The domestic passenger air traffic volume in 2018. The domestic US market is the world’s largest single market, with almost 590 million passenger journeys undertaken in 2018. Domestic China comes a close second, with 515 million. Incrementally, China added most domestic passenger journeys globally, by 50 millions, while the US added the second most by 30 million. China has by far the most international travelers , about 130 million tourists annual. It must be noted though that passenger travel much more by rail in China while the US drives more.

6. Box office revenues in 2018. The US takes the lead at $11.08 billion, while China at the second at $9.15 billion. China should take the lead in a few years (China already leads this year, but let's not count this year...).

7. Retail sales. China and the US should be neck-to-neck in this category currently.

Undoubtedly, the US continues to lead in the majority of the categories in per capita, but we're talking about the aggregate numbers here.

Finally, in the New Economy department, the US and China are a wash and dominate the rest of the world, each leads in respective areas, such as e-commerce, digital payments, streaming media, cloud computing, 5G, etc. Overall, the US has the edge in basic research and foundational technologies, but China has the advantage in application scale, speed, scope and infrastructure. I see China will gradually leads the US overall.

So nominal GDP is but a game, but China is expected to win the game and claims the unquestionable title of the world's #1 economy.

These are all amazing achievements. But I hope China doesn't forget about environmental protection in its relentless drive for industrialization.

 

[Nobonita Barua]

Has China Won?: The Chinese Challenge to American Primacy | Kishore Mahbubani

China and the United States are the world powers of the 21st century. With many differences in political philosophy and diplomatic methods, they approach each other warily and communicate poorly. In "Has China Won?: The Chinese Challenge to American Primacy," Ambassador Kishore Mahbubani, a former Singaporean diplomat and prolific scholar with access to policymakers in Beijing and Washington, has written a guide to the deep fault lines in the relationship, an assessment of the risks of confrontation, and an appraisal of the strengths and weaknesses, and superpower eccentricities, of the United States and China.

Sorry, but this is overly simplistic representation of reality.

 

[horse]

Just to ask, what do you guys think of things like this

Fake news. It is not an issue.

If they insist on making this an issue, fine, let's hope they succeed. It will make the United States look petulant and impotent at the same time, giving great confidence to others watching it, obviously.

 

[Xizor]

These are all amazing achievements. But I hope China doesn't forget about environmental protection in its relentless drive for industrialization.

Environmental protection will become a priority quite naturally as cities climb in their per capita incomes and the citizens demand better Quality of life.

I think the current rate of Greenifying is enough. More could be done if the cities climb in prosperity.
Economy > Environment.

 

[emblem21]

Fake news. It is not an issue.

If they insist on making this an issue, fine, let's hope they succeed. It will make the United States look petulant and impotent at the same time, giving great confidence to others watching it, obviously.

You said it, Chinese companies have the whole of the world including China to do business, the companies in the USA need China to survive and grow. If they really want China to give them some, as a last resort, China can raise the licensing tax for there companies until they end up breaking. If they do this while the USA is in the middle of the election crisis, the damage will be epic.