Chinese Economics Thread

gadgetcool5

Senior Member
Registered Member
In 2018 the US and China dominated the number of new unicorns, with the US at around 55 and China at over 40. But by 2020, China had only eight new unicorns (about the same as India) whereas the US had 68.

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It seems the increasing bans and crackdowns on Chinese private companies by both Trump/Pompeo and Xi Jinping/CCP hardliners are having their negative impact.
 

Tam

Brigadier
Registered Member
In 2018 the US and China dominated the number of new unicorns, with the US at around 55 and China at over 40. But by 2020, China had only eight new unicorns (about the same as India) whereas the US had 68.

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It seems the increasing bans and crackdowns on Chinese private companies by both Trump/Pompeo and Xi Jinping/CCP hardliners are having their negative impact.

ADRs make up far too little of the capital used with Chinese startups anyway. This is more like American capitalists wanting a share of the Chinese money pie. What Trump is doing is shooting these capitalists at their foot and this reduces US wealth by reducing their ownership and participation in what could be the world's fastest capital growing market.
 
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TK3600

Captain
Registered Member
No issues. Firstly, I always use the self check-out. Secondly, big ticket stores like Kroger and Walmart will always honor any marked price and take it on the chin even if they knew it was a mistake a checkout. Asian supermarkets, even the big ones like H-mart and Great Wall/Jusgo will NOT. I once saw a NICE $16 pair of kitchen shears at Walmart that was in the $0.88 cent sale basket. I took it and it rang up $16. I said it was in the basket and they sent someone to check. There were 3 more pairs there so they said they will remove the other 3 but it will be 88 cents for me. The machine wouldn't let the cashier give that steep a discount so he just charged me 88 cents for a miscellaneous item on the receipt and let me take the kitchen shears. I love them to this day; those damn things cut through the bones in a chicken wing like they're baby carrots! On the other side of things, 2 weeks ago I was at Jusgo and saw that they marked some mushrooms $0.99 but were actually $1.29. My effing GOD! For 30 cents, I got into a shouting match with multiple cashiers and the vegetable section manager before the general manager was summoned and gave me that 30 cent discount!! All this with like 30 people in line watching LOLOL
Hahaha, I would love to meet you IRL.
 

Nobonita Barua

Senior Member
Registered Member
In 2018 the US and China dominated the number of new unicorns, with the US at around 55 and China at over 40. But by 2020, China had only eight new unicorns (about the same as India) whereas the US had 68.

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It seems the increasing bans and crackdowns on Chinese private companies by both Trump/Pompeo and Xi Jinping/CCP hardliners are having their negative impact.
Any mention what types of start up they are?
 

Gatekeeper

Brigadier
Registered Member
How does automation increase GDP/capita. Education and transition from cheap labor improves income.

You need to read professor Solow. He got his nobel price on economics. Particular his growth model. I know he's a neo classical economists. But it still require reading when I was at university.
 

Gatekeeper

Brigadier
Registered Member
If I were Trump I'd worry about a second impeachment and potential prison sentence after the dumbass stunt he pulled today instead of some stupid stock ban that won't materialize or might miraculously materialize but gets overturned after two weeks.

I thing you need to add treason on that list.
 
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