Chinese Economics Thread

NiuBiDaRen

Brigadier
Registered Member
Yikes I can't believe I tried to engage someone on Chinese economics in good faith, and got attacked and name called and insulted. I wonder what's the point of engaging people in good faith, when they're only interested in bringing you down to push their argument? Isn't this the attitude problem that plagues America with its left right divide?
 

AndrewS

Brigadier
Registered Member
Too many Billionaires arent a healthy sign for society. All it does is signal inequality. Inequality becomes the root cause of civil unrest sooner or later.

Chinese billionaires are generally entrepreneurs who build up companies in new industries.
So you can expect those billionaires to spend that money on something productive in the future.

What would be worrying is if Chinese billionaires came from rent-seeking backgrounds that relied on cronyism.
And then hoarded that money.
 

solarz

Brigadier
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.

I would disagree. The importance of environment vs economy depends on your state of development.

When you lack the most basic instructure, then obviously the environment takes a back seat. However, once people start living a comfortable life, then environmental protection becomes much more important. Money can't buy clean air and water.

What's more, this isn't an either-or proposition. Technology plays a big role in environmental protection. The more advanced your tech is, the less you need to pollute. In a way, pollution is a phase of development, a kind of growing pains.
 

B.I.B.

Captain
Make in India was all about if foreigners want to sell their products in India, they would have to make them in India. That doesn't sound like they would do well in a multilateral trade agreement.

I vaguely remember suggestions that the new NAFTA agreements prevent signatories from seeking free trade type agreements with China. Do you know whether that is factual and the agreement ratified?
 

solarz

Brigadier
I vaguely remember suggestions that the new NAFTA agreements prevent signatories from seeking free trade type agreements with China. Do you know whether that is factual and the agreement ratified?

Yes, that is true. It was baked into CUSMA that Canada basically needs US permission to trade with other countries. Not exactly in those words, but this is the end result.
 

Xizor

Captain
Registered Member
I would disagree. The importance of environment vs economy depends on your state of development.

When you lack the most basic instructure, then obviously the environment takes a back seat. However, once people start living a comfortable life, then environmental protection becomes much more important. Money can't buy clean air and water.

What's more, this isn't an either-or proposition. Technology plays a big role in environmental protection. The more advanced your tech is, the less you need to pollute. In a way, pollution is a phase of development, a kind of growing pains.
I'm not intending to square against your opinion. But we must look at things in a holistic manner. Coronavirus as well as the trade wars has resulted in a broad loss of Chinese image, gain in Domestic market confidence as well as a realization that vertical integration and overall self sufficiency is necessary for national security.

Under this context, industrialization needs to be pursued - even if it means giving lower priority to Environment. All of this to ensure that Made in China "2025" would be possible by 2030.

All technologically advanced countries "pollute". They simply give money to make sure that the pollution is offshore in some developing countries. We all know about that China global waste processing debacle.
Countries of Africa and South Asia are still being violated as dumping grounds by these technologically advanced countries.

Case in Point - Japan. Japan is addicted to plastic. Even when Nippon Apologists say that Japan tries to recycle, the harsh truth is that it is exported to China.

China cannot be a two faced hypocrite. I envision a fully industrialized country that is able to internally circulate its wastes and is largely self sufficient - yet depending and taking part in Global trade for better economical gains and competitiveness.
 

solarz

Brigadier
I'm not intending to square against your opinion. But we must look at things in a holistic manner. Coronavirus as well as the trade wars has resulted in a broad loss of Chinese image, gain in Domestic market confidence as well as a realization that vertical integration and overall self sufficiency is necessary for national security.

Under this context, industrialization needs to be pursued - even if it means giving lower priority to Environment. All of this to ensure that Made in China "2025" would be possible by 2030.

All technologically advanced countries "pollute". They simply give money to make sure that the pollution is offshore in some developing countries. We all know about that China global waste processing debacle.
Countries of Africa and South Asia are still being violated as dumping grounds by these technologically advanced countries.

Case in Point - Japan. Japan is addicted to plastic. Even when Nippon Apologists say that Japan tries to recycle, the harsh truth is that it is exported to China.

China cannot be a two faced hypocrite. I envision a fully industrialized country that is able to internally circulate its wastes and is largely self sufficient - yet depending and taking part in Global trade for better economical gains and competitiveness.

I don't disagree with any of the above, but I don't see anything that requires China to sacrifice its natural environment in there. They are not competing priorities.
 

Tyler

Captain
Registered Member
India said they don't like it because they have to compete with Australia on dairy products or something. Japan was going to back India up but now that Suga is in charge he's looking at RCEP as if a life preserver for the Japanese economy.
Why would Japan support India when cheap Indian dairy products will wipe out Japan's dairy industry?
China should just join the TPP as well since China has joined the Paris Agreement and the US has withdrawn from both the TPP and Paris Agreement. China's environmental standards are so high that India and the US will have a hard time following.
 
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