Chinese Economics Thread


Hendrik_2000

Brigadier
I never said that china was a world power, but that it is a big economy

Sure, i myself am laughing.

You deny that many of the SOE are inefficient and unprofitable? And i never said for china to emulate india. But china needs economic reforms.

Of course it works. Until its doesnt.

State intervention is necessary in an economy, of course, and the chinese economy needs state intervention. I think that R&D financing is one of the areas that the chinese government must focus. But one thing is a capitalist economy with limited state intervention, another is an state capitalist economy where not only the state intervenes heavily but worst of all own much of the economy.

Not quite. In the case of china, the government (central and local) much of the priority goes to employment for obvious political reasons, while a private company prioritizes profit and effficiency.
As it is now private company already make up large part of GDP I thnk it is something like 70%. One does not need to be dogmatic about SOE There is a place for SOE in developing country like China specially for latecomer in industrial world. As Andrew said all those company that affect the well being of large part of population like Utility, , Rail transport and maybe Defense industry and other strategic industry should be left with SOE but wide latittude should be given to private companies to provide competition to SOE and their property should be protected.

Only SOE has the capital and manpower to provide competition to the huge Multi national company Left on their own no private company will enter high risk,huge capital requirement, long recovery time of high tech like semiconductor or Aerospace .That is why China is lagging when it come to Semiconductor and Aerospace. It was not until the Gov provide loan guarantee , capital and cheap land are those industries start to take root in China. The choice would be to let the MNC control China strategic industry or worst depend on import! And we all know how disastrous it can be

Beside profit there are other social aspect of the companies like providing employment, training skill and making sure they are providing lowest fee for the service and incubation place for high tech in China

As of 2018, China's private sector accounted between 70% and 80% of the GDP; the private sector is also responsible for 80% of urban employment and 90% of new jobs. According to the IMF, on a per capita income basis, China ranked 73rd by GDP (PPP) per capita in 2019.
GDP by component: : Household consumption: ...
Public debt: 47% of GDP (2017 est.)
GDP per capita rank:
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; 69th ...
GDP rank:
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;
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Gatekeeper

Major
Registered Member
This is amazing. China didn't even register till 1997 just a generation ago. And now it's the biggest car marker in the world. It just goes to show how far behind China was in terms of everything.

The development of cars mirrored everything about China, that it has to catch up all the time. So all those people laughing about China's lack of aero engines, micro chips etc. How far behind China is this and that, rest assured if this video is anything to go by, it don't be long before those areas becoming number 1 for China.

No wonder the USA is doing everything they can to derailed China's endeavour.

 
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BMEWS

Junior Member
Registered Member
This is amazing. China didn't even register till 1997 just a generation ago. And now it's the biggest car marker in the world. It just goes to show how far behind China was in terms of everything.

The development of cars mirrored everything about China, that it has to catch up all the time. So all those people laughing about China's lack of aero engines, micro chips etc. How far behind China is this and that, rest assured if this video is anything to go by, it don't be long before those areas becoming number 1 for China.

No wonder the USA is doing everything they can to derailed China's endeavour.

The West will always move goalposts... Remember when they always ranked Olympics by most gold? And in 2008 when China started to get most gold medals the US and its new agencies abruptly changed it to rank for total medals in which US was still ahead etc...

When I was in high school (RL Turner in CFBISD) our school principle a Mr Kim Holland used to say when we had debates that "at least in America we have cars", suggesting that the average Chinese doesn't even have cars so they are subhumans and the country is a third world country not even worth discussing...

Now when China is catching up in this area and many other areas, including the GDP PPP has rose higher than that of the US, white folks at work and including my white boss are saying things like "you have to look at per capita" and also like "GDP is not a true measure of actual happiness"... thats funny cause when the US was at top they liked to brag about it all day long...
 

AssassinsMace

Brigadier
Contradiction much...?

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Because China has an opinion, that equates to meddling in the US election. So then the US is meddling everywhere in the world. China is interfering in the US election because they're trying to make themselves look good. How does that affect who wins as President in the US?
 

localizer

Captain
Registered Member
Contradiction much...?

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Because China has an opinion, that equates to meddling in the US election. So then the US is meddling everywhere in the world. China is interfering in the US election because they're trying to make themselves look good. How does that affect who wins as President in the US?
It's called gaslighting, something white people use to sow discord in the world.

Right now people are saying they'd rather have Trump win with Russian backing than Biden win with China and Iran backing.

Basically, it's just white supremacy.
 

emblem21

Junior Member
Registered Member
It's called gaslighting, something white people use to sow discord in the world.

Right now people are saying they'd rather have Trump win with Russian backing than Biden win with China and Iran backing.

Basically, it's just white supremacy.
At this point, the only thing I support is a complete fall into disarray with both sides of leadership being complete dragged into the coals and made to answer for why they have failed the average American so bad while pumping money to the wealthy. To be honest, even the French have more balls then the average American, at least they gave the rich hell. Oh well once the people finally get fed up (Since all the government aid has finished and they haven’t renewed them as of now), I honestly like to see who is willing to save them given that most of the globe (except there yes men) is sick and tired of USA and there righteous hypocrisy
 

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