Hence it would be best if a civil war did happen in the USA so that it can act as a wake up call that for all of there lies, if they can’t get the fundamentals correct, how on earth that the USA can function is beyond me. The fact of the matter is that they expect China to become another vassal of the USA, to fund there greedy life style with cheap goods and mechanism that can enable them to control the USA at a whim. Well tough luck, nothing the USA has planned for China has panned out well. I hate to say this but it become clear to the world that the USA is a liability to world security and it becoming clear that there interferences in Europe is an attempt to drag the world down with them. It would be nice if the world simply rejects the USA at there most desperate hour, let them see how it feels like in libra and Syria for recent examples
Chinese Economics Thread
- Thread starter Norfolk
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It is not.
But first, we have to back up a bit, some ancient history.
The way I understand it, the long term growth for the United States was 3% for like 200 years.
Obama was the only president in US history to not have a year of 3% growth. Trump had a year of 3% growth, but it looks like it under went a revision, so no more.
That is at least 12 straight years of being below their historical average.
Maybe it's over?
Look at Europe. They went below 2% growth, and usually there under 2% closer to 1%. At 1% growth in GDP, that is no growth at all.
The post war period was a time of high growth in Europe. Then the oil crisis ushered in stagflation (high inflation and no growth). The Reagan years boosted growth, so did the period of the internet boom after the Cold War. Otherwise, ever since the OPEC oil crisis of 1973, Europe basically languishing with low growth, 1% or 2%, broken by American lead booms.
I think Italy may not have recovered to the same level of income from the 2008 financial crisis. With the pandemic induced economic crisis, Italy probably below that 2008 level now.
That to me is a real question. Has America turned into Europe, a continent of low growth? Is that inevitable in the macro economics of nation states?
Japan too, same thing happened there.
@horse
Stagnation is not inevitable. But one of the causes is low population growth. At least in Europe and Japan that is the case.
In the US I think the main issue is crappy infrastructure which means the country can't grow as quickly.
Russia also traditionally has low growth rates in their economy and one reason is the poor transport infrastructure.
China's economy will also eventually slow down but it still has a lot of room for expansion. Unlike in the US major infrastructure developments actually happen.
The US economy would boom if they relinquished useless military commitments and shoved some money into infrastructure. Just look at California. Supposedly one of the richest states in the nation but they have rolling blackouts ever since they shut down their nuclear power plants. Rolling blackouts mean productivity goes down.
Trump is funneling increasing amounts of money into defense and cutting the other sectors of the economy. I sincerely don't know what they expect they will win with this. Any new technology they develop will only mature in a decade and by then the US will have been surpassed by China in major economic sectors. In a decade the sector of aviation and semiconductors will likely have been encroached by China for example. China will also have more links with Russia and Iran for energy and won't need North American energy nearly as much.
Just think of all the money the US wasted on things like MRAPs and Strykers. Money which was used to police Iraq. It was complete economic waste. Might as well pay people to dig holes in the ground and fill them back in. Then there is fracking which is a net negative way to extract energy. Eventually the chickens had to come home. Knowing Trump he will blame it all on the virus pandemic but the crisis was brewing for a long time.
Stagnation is not inevitable. But one of the causes is low population growth. At least in Europe and Japan that is the case.
In the US I think the main issue is crappy infrastructure which means the country can't grow as quickly.
Russia also traditionally has low growth rates in their economy and one reason is the poor transport infrastructure.
China's economy will also eventually slow down but it still has a lot of room for expansion. Unlike in the US major infrastructure developments actually happen.
The US economy would boom if they relinquished useless military commitments and shoved some money into infrastructure. Just look at California. Supposedly one of the richest states in the nation but they have rolling blackouts ever since they shut down their nuclear power plants. Rolling blackouts mean productivity goes down.
Trump is funneling increasing amounts of money into defense and cutting the other sectors of the economy. I sincerely don't know what they expect they will win with this. Any new technology they develop will only mature in a decade and by then the US will have been surpassed by China in major economic sectors. In a decade the sector of aviation and semiconductors will likely have been encroached by China for example. China will also have more links with Russia and Iran for energy and won't need North American energy nearly as much.
Just think of all the money the US wasted on things like MRAPs and Strykers. Money which was used to police Iraq. It was complete economic waste. Might as well pay people to dig holes in the ground and fill them back in. Then there is fracking which is a net negative way to extract energy. Eventually the chickens had to come home. Knowing Trump he will blame it all on the virus pandemic but the crisis was brewing for a long time.
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AssassinsMace
Lieutenant General
Confirmation that China has effectively barred Australia's coal imports.
An increasing problem with logistics that is highlighting an increasing imbalance. Containers arriving from China are full, but sent to China empty. Your freight cost is paying a two way trip even if your goods are one way. Some containers don't return to China, creating a shortage. You are going to be sending entire ships and trains with mostly empty containers back to China.
The result of shipping in and out of China is like this.
Bulk freighters, oil tankers and LNG carriers leave China empty, return to China full.
Container ships leave China full, return to China empty, or mostly empty.
Car imports to China use RO-RO, which is another specialized vessel.
An increasing problem with logistics that is highlighting an increasing imbalance. Containers arriving from China are full, but sent to China empty. Your freight cost is paying a two way trip even if your goods are one way. Some containers don't return to China, creating a shortage. You are going to be sending entire ships and trains with mostly empty containers back to China.
The result of shipping in and out of China is like this.
Bulk freighters, oil tankers and LNG carriers leave China empty, return to China full.
Container ships leave China full, return to China empty, or mostly empty.
Car imports to China use RO-RO, which is another specialized vessel.
Samsung farms out more of its smartphone product line to Chinese ODMs. Not surprised. Many of Samsung's low and midrange phones look similar to the Chinese brands with a Samsung brand tagged on.
Going back in recent times when Samsung stopped doing everything inhouse and began subcontracting to ODMs.
To those who are not familiar what an ODM or Original Device Manufacturer is, the smartphone brands you hear about famously are just brands. The phones are actually designed and built by someone else. The ODMs are the real smartphone manufacturers.
Going back in recent times when Samsung stopped doing everything inhouse and began subcontracting to ODMs.
To those who are not familiar what an ODM or Original Device Manufacturer is, the smartphone brands you hear about famously are just brands. The phones are actually designed and built by someone else. The ODMs are the real smartphone manufacturers.