Chinese Economics Thread

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galvatron

Junior Member
Registered Member
j17wang said:
Again, I sound the warning. While I do agree china does have an export benefit right now, its only temporary. If we look into 2021-2022, we will see some consumer spending shift back towards travel and leisure, which will benefit bigger ticket sectors like planes, cruise ships... China needs to keep some financial reserves for stimulus spending in the later part of 2021 because any factories hiring workers now will likely not need them as much come 2021 as consumers have finished upgrading their gadgets. Smart thing to do is continuing stockpiling resources so china can do a bigger infrastructure binge (high speed rail, metro, highways) in 2021 which can soak up some unemployment. Alot of countries will also start fully developing infrastructure over next year and china doesn't want to pay expensive commodity prices for iron, steel, oil, copper... when everyone else is buying that stuff in 2021.
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With all these new high speed rail, metros, and highways, they should encourage more local traveling. Local tourism should be part of the local consumption drive.
 
ZeEa5KPul

ZeEa5KPul

Colonel
Registered Member
localizer

localizer

Colonel
Registered Member
ZeEa5KPul said:
Looking at this table, I just realized something: Japan has almost all its foreign exchange reserves in USD. I know it has roughly the same amount of USD reserves as China (around a trillion), and this table shows the total. The vassalage is real.
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Taiwan, SK, Singapore also significant.

Asia will lose the most when dollar falls.
 
E

emblem21

Major
Registered Member
ZeEa5KPul said:
Looking at this table, I just realized something: Japan has almost all its foreign exchange reserves in USD. I know it has roughly the same amount of USD reserves as China (around a trillion), and this table shows the total. The vassalage is real.
Click to expand...
They are going to be in a world of hurt in the near future. The next two-three months are crucial but should the USA dollar fall and the USA economy end up truly collapsing, either Japan has to arrange a deal with China or basically there economy is going straight to hell and unlike in WW2, Japan doesn't have anywhere near the capacity to fight like they once did (considering that the current generation in Japan are weak (since suicides are a very big issue there)) so trying to fight China then without US support is basically going to end with China demonstrating that if China has no morals (like those FLG, Indian and USA people seem to think), the fate of Nanjing could easily be repeated at a scale far greater then what was done in Nanjing as a return fire since obviously China doesn't start fights (of course there is no way that China would stoop to that level but just saying that is the difference in terms of military might without US backing)
 
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Petrolicious88

Senior Member
Registered Member
localizer said:
The cheap material and blemished products go to Chinese, the better stuff go to the West. Chinese can spend less and get the same utility.

It’s like grocery shopping. We’re fine with the $1 ugly looking carrot, but someone in the West must have the good looking $2 carrot. It’s still a carrot in the end, might need extra processing.

Often times things you buy in China have minimal packaging or no printed instructions.

This is why China’s PPP per capita is $20k while GDP per capita is only $10k
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We have always done this with our exports. The best are exported to the West. While the inferior products are sold domestically to Chinese people. This needs to stop.

Japan does the opposite. It keeps the best for Japan (JDM).
 
localizer

localizer

Colonel
Registered Member
Petrolicious88 said:
We have always done this with our exports. The best are exported to the West. While the inferior products are sold domestically to Chinese people. This needs to stop.

Japan does the opposite. It keeps the best for Japan (JDM).
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They sell the better, exported products in China too, but people often go for the significant cheaper alternative.

Say I buy a storage rack in China, it may have sharp edges and thinner steel compared to the exported version. But it costs so damn little. Like $10 shipped.

Some of the products you can't even find in the US because shipping costs more than the product itself.
 
B

B.I.B.

Captain
localizer said:
They sell the better, exported products in China too, but people often go for the significant cheaper alternative.

Say I buy a storage rack in China, it may have sharp edges and thinner steel compared to the exported version. But it costs so damn little. Like $10 shipped.

Some of the products you can't even find in the US because shipping costs more than the product itself.
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Even if you do find it, one still may not get it.
Pre Covid I paid $138 postage included for a USSR Kirovskie gold plated watch from Bulgaria. I still have not received it.
 
bajingan

bajingan

Senior Member
ZeEa5KPul said:
Looking at this table, I just realized something: Japan has almost all its foreign exchange reserves in USD. I know it has roughly the same amount of USD reserves as China (around a trillion), and this table shows the total. The vassalage is real.
Click to expand...

Japan is nothing more than a us puppet state, that exactly the reason why russia has not agreed to give back kuril island to the japanese, because it will automatically transform into another us military base under japanese control
 
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