Chinese Economics Thread

j17wang

Senior Member
Registered Member
Meanwhile another salty article from the atlantic

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The Europeans would be furious before even reading the article. The subheading says "managing an ally". Only Americans have the hubris to believe they can "manage" an region with 400 million people and tens of trillions in GDP. America should understand in no uncertain terms that they have the "privilege of an ally".
 

AndrewS

Brigadier
Registered Member
The next five years will be most crucial... tech independence means everything... without that China doesnt climb out of Middle Income trap and will regress to a Mexico or India... Bannon was right about one thing, at the end of the day only one system can win and its winner takes all

I'm not too worried about China achieving technology independence in the next 5-10 years.
As per the National Science Foundation reports to Congress, China is already spending more on R&D than the USA.
And if you project out to 5-10 years, you end up with China spending 2x as much.

But I don't think it is a case of only one system being able to win and winner takes all.
 

AndrewS

Brigadier
Registered Member
No kidding. I was browsing the book Ten Lessons for a Post-Pandamic World, by Fareed Zakaria in a local bookstore recently. I was struck by one assertion quoted by the author in a chapter aiming to boost the optimism of American people, which stated that based on the respective growth rates of the US and China in 2019, China will not surpass the US before 2050!

The book was written in 2020.

The quality of American analysis leaves a lot to be desired.
 

siegecrossbow

General
Staff member
Super Moderator
No kidding. I was browsing the book Ten Lessons for a Post-Pandamic World, by Fareed Zakaria in a local bookstore recently. I was struck by one assertion quoted by the author in a chapter aiming to boost the optimism of American people, which stated that based on the respective growth rates of the US and China in 2019, China will not surpass the US before 2050!

The book was written in 2020.

Not at the rate they are printing money.
 

NiuBiDaRen

Brigadier
Registered Member
Not at the rate they are printing money.
Well the US gets to deflect the costs of printing money onto other nations. That's the benefit you get of having the world's reserve currency. However things will eventually bite. Treasury bonds will become less valuable, other reserve currencies become more enticing, and USA becomes overleveraged. There will be capital outflows, or at least other destinations like China become more valuable as an investment location. China needs to increase yuan reserve currency flows while not allowing it to become manipulated by Soros types.
 

quantumlight

Junior Member
Registered Member
Well the US gets to deflect the costs of printing money onto other nations. That's the benefit you get of having the world's reserve currency. However things will eventually bite. Treasury bonds will become less valuable, other reserve currencies become more enticing, and USA becomes overleveraged. There will be capital outflows, or at least other destinations like China become more valuable as an investment location. China needs to increase yuan reserve currency flows while not allowing it to become manipulated by Soros types.
I wrote about this in my analysis that COVID was leveraged for the 5G war... the short of it goes like this, back in mid 2019 the Federal Reserve knew the jig was up and the repo and other markets were going inverted... by COINCIDENCE, (based on Nathan Rich hypothesis that the original variant of COVID was actually 'leaked' from Fort Detrick then blamed by vaping then covered up with unprecedented flu deaths etc) the pandemic happened that ushered in the Great Reset... this was the PRETEXT the US needed to start printing mountains of trillions under the guise of an emergency pandemic and the world went along with it (otherwise if the US started printing this much doing normal times people would all freak out and know something was up)... and basically this was in essence the US fleecing the world with impunity.... the greatest monetary heist/usurpation/theft in the history of mankind happened right before our eyes....

Can this go on forever...

No its like you taking a shower and its winter and there is only somuch hot water.... after a while you notice the water getting cooler so you turn the knob a bit to adjust the temp to reach a good temp... then you increasingly have to turn the knob more and more towards the Hot side... and now, last year, US turned the knob all the way to "H" full deflection..... and we all know what happens soon after that...
 
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Petrolicious88

Senior Member
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This is key for the American economy. Government led investment in infrastructure and domestic workers.

If sustained, and if successful it will erase the entire Trump movement as blue color workers get good paying union jobs in building infrastructure, 5G, charging stations, etc etc....

American political system is flexible, and probably realizes that this is what’s needed to prevent Trumpism from taking hold.
 

localizer

Colonel
Registered Member
This is key for the American economy. Government led investment in infrastructure and domestic workers.

If sustained, and if successful it will erase the entire Trump movement as blue color workers get good paying union jobs in building infrastructure, 5G, charging stations, etc etc....

American political system is flexible, and probably realizes that this is what’s needed to prevent Trumpism from taking hold.
Infrastructure investment only works when it is needed. Idk US can gain much from it. It's like that Cali high speed rail which costs $100 billion for like a few hundred miles.

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weig2000

Captain
This is key for the American economy. Government led investment in infrastructure and domestic workers.

If sustained, and if successful it will erase the entire Trump movement as blue color workers get good paying union jobs in building infrastructure, 5G, charging stations, etc etc....

American political system is flexible, and probably realizes that this is what’s needed to prevent Trumpism from taking hold.

Re-industrialization and rebuild infrastructure. They are the only solutions to revive America and arrest the decline of America.

Everything else will need to build around these two goals. Government industrial policies will be embraced where they necessary; education and healthcare reforms are needed to support these goals; tax policy will need to be reformed to support real industries and long-term investment in infrastructure.

Something has got to give. Excessive financial speculations are to be curtailed; cut down on defense spending and military-industrial-complex; foreign military interventions and adventures are to be avoided. Build more collaborative relationship with China and the rest of the world. China can actually help a lot with trade and investments.

In short, learn from China.
 
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