Chinese Economics Thread


SoupDumplings

New Member
Registered Member
I'm curious how much influence this guy still has in China, does anyone know? And with the high levels of savings in China, I just don't see how the government can boost demand without improving social security. The CCP seems to mostly be focused on boosting infrastructure instead.
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AssassinsMace

Brigadier
That street vendor story, the media made it sound like China's economy was so desperate that Beijing resorted to and needed them to restart the economy. Yesterday I read that the police were sent in to remove the street vendors. I thought Beijing was allowing them because the Chinese economy was so desperate... Today there's a story from Barron's that said it was a complete failure doing nothing for China's economy. After a few days something so important for China as they report it, they can tell if it's a failure or not? Take a look at how desperate for them to portray China failing as usual. Did they make the whole story up as setup so they can just spin a story to say China failed? Look at how they're handling coronavirus. That's how they'll be handling the economy and they know that too. They're not number one because they elevate themselves up. They're number one because they push everyone else down.
 
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SoupDumplings

New Member
Registered Member
That street vendor story, the media made it sound like China's economy was so desperate that Beijing resorted to and needed them to restart the economy. Yesterday I read that the police were sent in to remove the street vendors. I thought Beijing was allowing them because the Chinese economy was so desperate... Today there's a story from Barron's that said it was a complete failure doing nothing for China's economy. After a few days something so important for China as they report it, they can tell if it's a failure or not? Take a look at how desperate for them to portray China failing as usual. Did they make the whole story up as setup so they can just spin a story to say China failed? Look at how they're handling coronavirus. That's how they'll be handling the economy and they know that too. They're not number one because they elevate themselves up. They're number one because they push everyone else down.
Do you know if it is only Beijing that is banning the stalls? I'm not sure if they contribute a lot to China's economy, but shouldn't they at least help the poorer population ride out the economic slowdown, thus reduce unemployment? Especially for the migrant workers. Or at the very least help return a sense of normalcy and encourage people to come out more?
 

AssassinsMace

Brigadier
Do you know if it is only Beijing that is banning the stalls? I'm not sure if they contribute a lot to China's economy, but shouldn't they at least help the poorer population ride out the economic slowdown, thus reduce unemployment? Especially for the migrant workers. Or at the very least help return a sense of normalcy and encourage people to come out more?
I'm going to assume they made it all up. Maybe they spun a tale from something but you can't declare failure after only a few days. That's the giveaway it's fabricated on the media's part.

You're new here so I will tell what I've been saying for a long time in this forum. You have billionaires in China that go unnoticed by the government until they have made too much money to hide and then they get arrested for tax evasion. That's how it goes in China. The West wants to paint China as a giant police state that Beijing controls everything in life of everyone. If they control everything, how do these billionaires get unnoticed? If you go by US figures that supposedly follow Chinese figures, the average Chinese family can't afford to buy a car. Cars in China are slightly more expensive than in the US. Chinese buy more foreign brands than they do domestic. China is the largest car market in the world. How is China the largest car market in the world when the average family can't afford one? Why, because Chinese are making money in ways the government doesn't know about. Chinese have a longer capitalist spirit than ever in the history of the West. The Chinese know how to make money that the government can't track. If you listen to the West, China should be collapsing right now and in turmoil because China's GDP is well below the magic number of the 6.5% growth rate "they" say China has to maintain to prevent domestic instability. Where's the chaos in China they said would happen? It's either because those figures are a lie and/or Chinese are still making money not officially counted in government figures. I have much more faith that China will get out of their problems faster than the West will. The media knows it hence why they're so desperate to make it out China has to depend on street vendors because that's saying everything else is failing.
 
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Canuck place

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It’s always more complicated then it seems. This is why populism is so dangerous. If the bill to go through and the US to try not to default on China’s foreign debt. What faster way for the US dollar to lose its influence.
 

ZeEa5KPul

Junior Member
Registered Member
China is the largest car market in the world. How is China the largest car market in the world when the average family can't afford one? Why, because Chinese are making money in ways the government doesn't know about. Chinese have a longer capitalist spirit than ever in the history of the West. The Chinese know how to make money that the government can't track.
I don't know why cars in China would be more expensive than in the West. Even "foreign" cars are made by joint ventures of the foreign automaker with a Chinese producer, usually a gargantuan SOE like SAIC Motors with vast economies of scale. That and "average Chinese income" is a useless statistic due to the huge difference between rural and urban incomes. The phenomenon of car ownership in China doesn't need a giant pool of uncounted income to explain, and I don't think that even if such a pool were to exist that rampant tax evasion is anything to celebrate.
 

AssassinsMace

Brigadier
I don't know why cars in China would be more expensive than in the West. Even "foreign" cars are made by joint ventures of the foreign automaker with a Chinese producer, usually a gargantuan SOE like SAIC Motors with vast economies of scale. That and "average Chinese income" is a useless statistic due to the huge difference between rural and urban incomes. The phenomenon of car ownership in China doesn't need a giant pool of uncounted income to explain, and I don't think that even if such a pool were to exist that rampant tax evasion is anything to celebrate.
It's just like iPhones are more expensive in China when Chinese make them.
 

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