Chinese Economics Thread

[AssassinsMace]

YUP because they have flat tax regardless of income not sure now something like 15% The idea is to encourage people to stash money there and the government can use that money to invest! And rich people will buy overprice houses and overprice services smart eh. But since the government does not have revenue from Tax social service is bare bone That is why you see a lot of grand pa and grand ma still work in Spore In equal system bad! But good for expat

That's what's going to happen with countries that say they want to be the next Hong Kong. You can't be Hong Kong without China. So what's left to attract business? Offering better interest rates for investing and savings but that means less money for the government. And because they need more business to make up those losses, they're one-step closer to immoral and risky activity like loaning money to people that couldn't get one from the big established banks and laundering and hiding money for others.

 

[Hendrik_2000]

I didn't know the clean energy share of China electricity is 24% Wow

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China has built world's largest coal power supply system with ultra-low emissions that generated 890mln kWh by 2019. Installed capacity of photovoltaic&wind power topped the world, with clean energy taking up 23.4% of nation's energy consumption: Ecology and Environment Ministry

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[manqiangrexue]

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It says that only 5% of the rich actually move out . The reason being that you get so embedded in the culture of that society and most importantly understand the economic system of the place that made you a billionare. Both factors are lost when you shift to a new country.

Depends on how much you tax them and what country you're talking about. Taxing the rich viciously in order to give free handouts indiscriminately to the poor does no good; it penalizes success and forgives incompetence. The goal is not to create a society in which everybody makes the same amount of money; such a society has no drive for excellence. The goal is to create a society that properly rewards excellence and contribution but is also livable and accepting of those who can't be elite.

 

[antiterror13]

India said they don't like it because they have to compete with Australia on dairy products or something. Japan was going to back India up but now that Suga is in charge he's looking at RCEP as if a life preserver for the Japanese economy.

I have never seen dairy products originated from India, perhaps wouldn't buy it either ..... as NZ dairy products is the best in the world

 

[Tyler]

It's not just about being cheap. Consumers of food in developed countries and societies are extremely health conscious and will therefore scrutinize much. It also makes them really bad at picking up a new /unknown brand.

Case in point - Evian in France. If you've tasted it,you won't go back.

The only way I think India can penetrate such markets is by being picked up by a foreign established company as a supplier.

India may try selling dairy to US first. Japan, SK and Europe is just a pipe dream for now.

Even Evian and Perrier are known to contain plastic particles.

 

[gelgoog]

@Hendrik_2000

[*: ‘Thermal’ power generation includes coal, gas, oil, and biomass]

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[antiterror13]

Why would Japan support India when cheap Indian dairy products will wipe out Japan's dairy industry?
China should just join the TPP as well since China has joined the Paris Agreement and the US has withdrawn from both the TPP and Paris Agreement. China's environmental standards are so high that India and the US will have a hard time following.

The US under Biden would re-join TPP .. for sure

 

[gelgoog]

Even Evian and Perrier are known to contain plastic particles.

You can get Perrier in glass bottles I think. In fact it used to only come in glass bottles.
Evian is a matter of taste, I personally like it, but it has a lot of calcium in it (hard water). Vittel is also nice.

 

[ansy1968]

The US under Biden would re-join TPP .. for sure

Hi antiterror13,

It's a hard sell, especially with record number of unemployed people. the progressive side of the democratic party will demand at least a say and one policy that Biden may willing to give is job creation. His main priority is to protect wall street and corporate America from backlash of gov't subsidies and taxes incentives. TPP and other trade policy will be launch on the second Biden administration (if he is still alive) when the anger subside and America economy recover.

 

[eprash]

The 14th FYP will include massive initiative in Environmental protection, It's official hope that settles the debate