Chinese Economics Thread

[voyager1]

they are ridicolous. That's a supposedly serious financial newspaper not a bullshit english tabloid like "the sun" or "daily mail"! China was right on banning their reporters.

The wall street journal was actually well respected even after it bought acquired by the Murdoch family (he also owns Fox news...) in 2007.
IMO it started going crazy when Obama was elected (cant have a black president..) and after Trump and especially after the trade war, Hong Kong stuff it went full crazy anti-China propaganda.

Now the only "worthy" financial newspaper is the Financial Times but they are strange too, they report positive news on China because their economy almost always has positive news! But after they were acquired by the Japanese Nikkei they have also started their anti-China narrative

 

[KYli]

Corporate America owned the US so there wouldn't be any crackdown to begin with.

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[10thman]

Charlie Munger answers what is the secret to China's success.

 

[siegecrossbow]

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[ansy1968]

Charlie Munger answers what is the secret to China's success.

@10thman , they are a dying breed of clear thinking business people, Trump need to pay him royalties for MAGA cause he and his generation are the actual actors that makes America great.

More video from him

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Charlie Munger on China: "Damnedest thing that ever happened..." | Caltech 2020【C:C.M Ep.112】​

YAPSS

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[AndrewS]

Overall, it seems that overseas trade and industrial output is doing a lot of the heavy lifting, domestic spending and investment seem stagnant. IMO these numbers validate that the government is correct to focus on increasing domestic demand. But to do that, they will have to put more money into consumers' pockets.

China has actually seen an excess amount of savings in 2020.

After all, who really wants to spend if there is a risk of another COVID outbreak and losing your job?

Any money pumped in last year would have gone straight into a savings account.

So once people get vaccinated and the fear of a pandemic ebbs, there should be a consumer spending boom in China.
But if this falters or doesn't happen, that would be the time to pump more money into consumer pockets.

 

[Tyler]

China has actually seen an excess amount of savings in 2020.

After all, who really wants to spend if there is a risk of another COVID outbreak and losing your job?

Any money pumped in last year would have gone straight into a savings account.

So once people get vaccinated and the fear of a pandemic ebbs, there should be a consumer spending boom in China.
But if this falters or doesn't happen, that would be the time to pump more money into consumer pockets.

They should make sure the vaccines have high enough effectiveness and can deal with new variants.

 

[KYli]

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[Aniah]

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Kyli, I don't know how you manage to read through these or even find them. I always get a mild headache reading any of that trash. It's like a group of blind people yelling at others for not seeing clearly.

 

[KYli]

Kyli, I don't know how you manage to read through these or even find them. I always get a mild headache reading any of that trash. It's like a group of blind people yelling at others for not seeing clearly.

Like Sun Tzu said, "Know the enemy and know yourself, that is how you achieve victory."