Chinese Economics Thread

Nobonita Barua

Nobonita Barua

Senior Member
Registered Member
bomberman said:
Hello Nobonita Barua

Can you provide your thought on why the author view is not representation of reality?

Thank you
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Hello. I would love to. But considering this is a 1 hour video it would be impossible to tell everything in details. To let me summarize it.

The guy giving interview here Mr Mahbubani is very knowledged & giving a bipartisan opinion, which is opinion of every peace loving people. But unfortunately in reality, those are pipe dreams.
In his last part of interview he said that,there is no actual conflict in between US & China because China doesn't export it's ideology.
True.
However, it missed one crucial point, Does US have an ideology? Or it is simply trying to hogwash world with some non-existent fairy tales to maintain it's global supremacy by any means necessary?

If the answer is one --- The question remain, why US needs it's military & weaponized financial system to maintain it's primacy despite claiming it has global support?

If the answer is the second one ---

Then the US is fighting for it's very existence. Because an US that is number 2, is an US that doesn't exist.
 
AssassinsMace

AssassinsMace

Lieutenant General
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The usual suspects are already predicting China's growth isn't going to last. Their logic... if they're not doing well then how can China? By their logic, they would be recovering and growing before China. This is like when Trump's followers made excuses after claiming China was going to collapse the first day of Trump's trade war but instead exports from China grew more. Then they said it was because US companies were stocking up before the deadline that was propping up China's growth where after Christmas then we would see China collapse. Well it's been two years since Trump started his trade war and the only thing that hit China that affected the economy was COVID-19. But then they've always claimed that if China's growth went below 6%, there would be social unrest in China but there wasn't... And now China's economic engine is roaring again and they can't figure out why so they're down to wishful thinking instead of factual conclusions. Maybe they should stop thinking that no one can survive without them and then they might actually get something right...
 
A

AndrewS

Brigadier
Registered Member
AssassinsMace said:
Anybody remember when India use to brag at how many billionaires it had over China? India had billionaires but not a lot millionaires. That tells you there's a great disparity between rich and poor. It means only the few can be rich because they're the only ones that have the power to make all the money. China had more millionaires than billionaires than India and then more billionaires. When you have caste systems like India or class systems like Europe and Japan and South Korea, the same names are the only ones you hear getting rich generation after generation. The only places right now where you can start at the bottom and climb to the top are the US and China. You better believe that's also why you see no Googles or Facebooks coming out of Europe, Japan, and South Korea. They're stuck with the old ways of making money where it all branches out from the old guard making the decisions where to make money the old fashion way. No new blood allowed.
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That is not quite accurate.

The studies show that Europe, Japan and Korea have better income mobility than the USA.

If we're talking about creating Google or Facebook, that is more about the openness of the US venture capital plus the sheer size of the potential US market. So if you're going to start a revolutionary company, it is better to move to the USA.

You can also see a similar effect with Chinese venture capital and the Chinese market now.

NB. On social networks, the world used to be a lot more diverse. See below. But very few of those networks could compete with the sheer scale of Facebook's network effects and the development spending they have available.

WMSN_Poster_dec2013.png
 
hullopilllw

hullopilllw

Junior Member
Registered Member
AssassinsMace said:
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The usual suspects are already predicting China's growth isn't going to last. Their logic... if they're not doing well then how can China? By their logic, they would be recovering and growing before China. This is like when Trump's followers made excuses after claiming China was going to collapse the first day of Trump's trade war but instead exports from China grew more. Then they said it was because US companies were stocking up before the deadline that was propping up China's growth where after Christmas then we would see China collapse. Well it's been two years since Trump started his trade war and the only thing that hit China that affected the economy was COVID-19. But then they've always claimed that if China's growth went below 6%, there would be social unrest in China but there wasn't... And now China's economic engine is roaring again and they can't figure out why so they're down to wishful thinking instead of factual conclusions. Maybe they should stop thinking that no one can survive without them and then they might actually get something right...
Click to expand...

They will have an equally hard time realising that their long time assumption of the Chinese economy being dependent on US as the main importer being false. Turn out China does not rely on her as a buyer for growth, and is full steam in midst of cutting off tech dependence from US instead. Give it some time, before total panic set in within US semiconductor sector.
 
Xizor

Xizor

Captain
Registered Member
Most nationalist/ jingoists on the other side of the pacific still hold on to the view that China is extremely dependent on their markets to survive. That worldview is hastened by their slavery/ sheepery to fringe media anchors and influencers ( almost always senile/ uncle age) who give a very lopsided view of China - slightly better than North Korea, Farmers all around, agrarian, poor and Soviet lifestyle allover.
Its almost as if these right wing not-snowflakes are offloading their understanding of China that they got when they were young ( 1980s -1990s) to the 2020s youth.

Apparently, Latin America, Africa, SE Asia, South Asia, Central Asia, Middle East and Europe doesn't use Chinese products.

At this point, it's just beyond helping. Just watch and smile.
 
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emblem21

Major
Registered Member
hullopilllw said:
They will have an equally hard time realising that their long time assumption of the Chinese economy being dependent on US as the main importer being false. Turn out China does not rely on her as a buyer for growth, and is full steam in midst of cutting off tech dependence from US instead. Give it some time, before total panic set in within US semiconductor sector.
Click to expand...
Yeah and then witness the kind of bankruptcies and economic ruin the likes of which you have never seen before. After that, let’s see if either candidate does anything to fix the problem. If they can do that, someone’s head is going to roll. All this pain is inflicted by Trump and his idiotic supporters. Hence they need to suffer hard for there stupidity
 
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