China is wise it turns herself into a strategic player that is critical to upholding USD status as main reserve currency. Now the US is still not wondering whether is wise to saw off the main leg that is holding up the stool(US led world order).
Chinese Economics Thread
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China is wise it turns herself into a strategic player that is critical to upholding USD status as main reserve currency. Now the US is still not wondering whether is wise to saw off the main leg that is holding up the stool(US led world order).
They were ordering to make sure they could get the products, due to the uncertainty of the covid-19 which could have closed down factories anywhere.
supercat
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China's per capita gross national income (GNI) crossed $10,000 for the first time in 2019, and now ranks the 71st in the world from the 141st in 2000.
Deutsche Bank predicts that by the end of 2025, the size of Chinese economy will be at the 137% level before the COVID-19, while the U.S. at 108%.
Why Japan's decoupling from China is easier said than done:
Deutsche Bank predicts that by the end of 2025, the size of Chinese economy will be at the 137% level before the COVID-19, while the U.S. at 108%.
Why Japan's decoupling from China is easier said than done:
I'm sure part of their anti-china rhetoric is to also please their own nationalist and <cough cough> the occupiers ... It's prob good intrest for most countries to hedge or try to stay neutral
Hope China can liberalize economy more and get back on track to 7% a year. Maybe 1% appreciation vs dollar can help that too.
I want to see $60k GDP/capita China in my lifetime
.Hope China can liberalize economy more and get back on track to 7% a year. Maybe 1% appreciation vs dollar can help that too.
I want to see $60k GDP/capita China in my lifetime
If that is priced in US Dollars you might see the $60k GDP/Capita way sooner than you think lmao
After Yen appreciation, their GDP/capita in USD terms increased 4 fold in the span of 15 years.
The difference this time is that the appreciation will be the US screwing up and China won't lose export competitiveness because other currencies appreciate as well.
In 1985 Western Nations forced a brutal appreciation on the Japanese Yen. The Yen-value in USD terms went from 0.4/100 in 1985 to 1.3/100 in 2012! Japan had to absorve a shocking 220% appreciation of their currency vs the USD. For 25 years Western & Asian competitors forced Japan to accept the appreciation of its currency. While everybody else pursued exclusively national interests, Japan bowed for the sake of global harmony. Would the USA, UK or Germany tolerate a concerted appreciation of their currency by 200% ?
Everytime news like these come up in the West there will be comments about how factories are leaving China or that China is losing the US market blah blah blah.
Americans (and many others) seem to firmly believe that:
1. China doesn't have any home grown companies.
2. China doesn't have a consumer market.
3. China relies exclusively on exports to Western countries especially the US.
4. Chinese factories can be easily relocated elsewhere.
5. Hence if that happens, China's economy will collapse.
What age and world these people are living in?
It was China's turn to "take a bow" for the sake of US hegemony. Last year Hong Kong was supposed to be Tiananmen 2.0 and COVID was supposed to internal collapse China, and by now the "great harvesting" would have already been underway... Now you know why Pompeo is huffing and puffing... trying to sell "CLEAN" networks/apps to the world...