Chinese Economics Thread

[localizer]

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

Americans have backing of the FLG and Indian troll army though haha.

 

[BMEWS]

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

The rest of this year is gonna be interesting for the USA:

1) Trump is not going to leave office willingly, likely run up to Nov might explode into civil war 2
2) US dollar may crash to zero (see above/below)
3) COVID will skyrocket once school starts and when fall/winter comes around
4) The true effects of this second great economic depression hasn't even been felt yet, right now its being masked by all the UI benefits, eviction freezes, stimulus, and Fed directly pumping up stocks and QE unbounded...
5) US may attack China this year in around October, if so, expect Walmart and Amazon to get wiped out in terms of empty inventory and martial law to keep the peiece within the US homeland , mass rioting that makes Floyd look like walk in a picnic

 

[emblem21]

Americans have backing of the FLG and Indian troll army though haha.

Yeah, there time is coming soon. One thing is that for all the FLG trolling that they are pulling, they didn't stop China's development and may in fact have speed up the development through pushing them to innovate. Hence the FLG is becoming a long term liability rather then a real asset. Also India for all of there bullshitting has two things going against them. One is that they are the third worse country in the world in regards to the virus and ultimately may have to potential to be far greater then even the USA in terms of death given that they are terrible in regards to actually dealing with the virus. Also, there economy is at a stand still right now and given that, they haven't done much in terms of R & D, really trolling is all they have since there isn't much of a future given that no one in there right mind would move a factory into a country that is literally the epicenter of infections in Asia

 

[gadgetcool5]

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.

Making cars is not the same as making aero engines and integrated circuits. Pretty much any country can make cars, as the chart shows. Even countries like Indonesia and Thailand make cars, although in low volume.

ONLY the US and the European Union have a monopoly on the best aero engines, however (Russia if you include military only). And for integrated circuits, key technologies are monopolized by the US only. These took decades to develop. You don't think other countries have tried? Even Japan can't do it. Even if you can do it, by the time you get there the US and EU will have surpassed you again. You are going after a moving target. It's not that easy.

Also during the era when China was catching up in cars, it had a favorable international environment where the West didn't scrutinize technology transfers too closely and freely entered into co-production agreements with Chinese carmakers like SAIC. That era is over.

I'm not saying China can't do it, but it's going to take a LOT of investment and frankly whatever help China can get from abroad.

 

[AndrewS]

ONLY the US and the European Union have a monopoly on the best aero engines, however (Russia if you include military only). And for integrated circuits, key technologies are monopolized by the US only. These took decades to develop. You don't think other countries have tried? Even Japan can't do it. Even if you can do it, by the time you get there the US and EU will have surpassed you again. You are going after a moving target. It's not that easy.

And that is why China should be targeting industries and technologies which are transformational, and which have no incumbant competitors.

it is a longer term plan, but it suits an environment where we see rapid technological change.

 

[Franklin]

China Standards 2035 is a bad idea. What you need is different technologies from different companies compete against each other and let the best technology win. And that becomes the standard. Rather than to have bureaucrats decide what is best. It simply constricts them. And more than that it won't work. It leads to malinvestments.

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[AndrewS]

China Standards 2035 is a bad idea. What you need is different technologies from different companies compete against each other and let the best technology win. And that becomes the standard. Rather than to have bureaucrats decide what is best. It simply constricts them. And more than that it won't work. It leads to malinvestments.

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You're thinking about this the wrong way.

Bureaucrats typically have no idea what the standards should be.

So it's natural that they turn to industry to write those standards.

 

[AndrewS]

ONLY the US and the European Union have a monopoly on the best aero engines, however (Russia if you include military only). And for integrated circuits, key technologies are monopolized by the US only. These took decades to develop. You don't think other countries have tried? Even Japan can't do it. Even if you can do it, by the time you get there the US and EU will have surpassed you again. You are going after a moving target. It's not that easy.

The USA is like 3x larger than Japan in terms of population, GDP and R&D spending.
So of course Japan was going to struggle.

In comparison, China has 4x the population, and is working to becoming 3x-4x larger than the USA in terms of GDP and R&D.

 

[SoupDumplings]

Looks like this may attract more companies to China, or at the very least prevent any sort of decoupling in the short term. It may even force the business groups in the US to push harder against decoupling, considering the fact that most factories outside China are probably closed.

https://twitter.com/i/web/status/1292047464602767360

 

[siegecrossbow]

Looks like this may attract more companies to China, or at the very least prevent any sort of decoupling in the short term. It may even force the business groups in the US to push harder against decoupling, considering the fact that most factories outside China are probably closed.

https://twitter.com/i/web/status/1292047464602767360

Only Trump and his cabinet wants decoupling. Neither U.S. nor Chinese businesses want it.