Chinese Economics Thread


localizer

Colonel
Registered Member
As I said it before, it might be as close as 2025.

The Japanese are usually pretty conservative with their estimates, I wouldn't be surprised if the date was closer to 2025 than 2026.

The thing to really watch out for is all the tech that's coming out of China in the next 2-3 years. By the way innovate/integrate, once they can domesticate 24-14nm semiconductors, you will see a lot of collapse in major Western tech firm (particularly US firms) as Chinese tech out competes them in both price and performance.

Once corporate revenue falls, military is not far behind as everything is based on tax revenue.
Let's eat all their lunches
 

quantumlight

Junior Member
Registered Member
As I said it before, it might be as close as 2025.

The Japanese are usually pretty conservative with their estimates, I wouldn't be surprised if the date was closer to 2025 than 2026.

The thing to really watch out for is all the tech that's coming out of China in the next 2-3 years. By the way innovate/integrate, once they can domesticate 24-14nm semiconductors, you will see a lot of collapse in major Western tech firm (particularly US firms) as Chinese tech out competes them in both price and performance.

Once corporate revenue falls, military is not far behind as everything is based on tax revenue.
The next five years will be most crucial... tech independence means everything... without that China doesnt climb out of Middle Income trap and will regress to a Mexico or India... Bannon was right about one thing, at the end of the day only one system can win and its winner takes all
 

Quickie

Major
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Boys lets survive till then atleast!

Then we celebrate!
As I said it before, it might be as close as 2025.

The Japanese are usually pretty conservative with their estimates, I wouldn't be surprised if the date was closer to 2025 than 2026.

The thing to really watch out for is all the tech that's coming out of China in the next 2-3 years. By the way innovate/integrate, once they can domesticate 24-14nm semiconductors, you will see a lot of collapse in major Western tech firm (particularly US firms) as Chinese tech out competes them in both price and performance.

Once corporate revenue falls, military is not far behind as everything is based on tax revenue.

These economists are just using the pandemics as an excuse to revise their predictions that were way off, to begin with, not in small part because of their innate bias.

There was a time they were predicting China's GDP will only come to match U.S. GDP in 2050 and even that is not a sure thing.
 

localizer

Colonel
Registered Member
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Yellen also promised a comprehensive review of China’s implementation of a Phase 1 trade deal, and said Washington would work more closely with allies to address “abusive” practices by the world’s second-largest economy.

The Senate Finance Committee will meet at 10 a.m. EST (1500 GMT) on Friday to vote on the nomination of the former Federal Reserve chair, paving the way for a potential vote by the full Senate later Friday or early next week.

Asked about a possible trade deal with Taiwan, Yellen said: “President Biden has been clear that he will not sign any new free trade agreements before the U.S. makes major investments in American workers and our infrastructure. Our economic recovery at home must be our top priority.”

At the same time, she said the new administration planned to pursue “a robust trade agenda” and vowed to work closely with Biden to “reach out to our allies, rebuild bridges and pursue trade agreements that support American prosperity and put workers first,” according to a copy of her written responses to lawmakers’ queries after her confirmation hearing on Tuesday.


Yellen said the Biden administration would undertake a comprehensive review of all aspects of former President Donald Trump's trade policies toward China, including Beijing's implementation of the interim trade deal signed in January 2020, Yellen said in the document,
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which was posted on the committee's website on Thursday afternoon.

“We will review the (U.S.) tariffs on China and consult with our allies and will not be making changes until we do both of these things,” Yellen said, adding, the Biden administration aimed to use its “full array of tools to counter China’s abusive economic practices and hold Beijing accountable.

Chad Bown, a fellow at the Peterson Institute for International Economics, on Thursday said his analysis
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showed China's purchases of U.S. goods in 2020 fell 42% short of the commitment Beijing made in the deal.

“As part of his review, (Biden) is going to consult with allies to galvanize collective pressure. We need an approach that actually brings meaningful pressure on China,” she wrote.


Asked about whether Biden’s proposed increase in the corporate tax rate would harm the competitiveness of U.S. companies, particularly with regard to China, Yellen said any increase in the corporate tax rate would be coupled with “massive investment” that would benefit U.S. businesses.

She said Biden’s proposal to increase the corporate tax rate to 28% - the midpoint of the pre-2017 level and the rate imposed after Trump’s tax cut - would still leave it “substantially below the level that had been in place for decades.”

Yellen, who would be the first Treasury secretary to serve as a statutory member of the White House National Security Council, vowed to crack down on terrorist financing networks, and pledged a “rigorous” review of any foreign investments, also with the help of allies.

“If such coordination does not succeed, the Treasury Department should be prepared to strongly urge other nations to join us in targeting dangerous terrorists and proliferators, and expose their complicity if necessary,” Yellen said, adding that China must not be allowed to violate U.S. sanctions.


Chinese will be the new vanguard against Nazism.
 

bajingan

Junior Member
Meanwhile another salty article from the atlantic

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So the writer argues that the us economy is in tip top shape and it was europe who is declining not the us, and if eu don't join us in containing China, it might join other international groupings (quad/five eyes) and withdraw its military umbrella from the eu
This guy lives in an alternate world and act as if it still in 1950s where the us gets to dictate everything
With a condescending and selfish ally like the us who needs enemies lol
 

ZeEa5KPul

Senior Member
Registered Member
Meanwhile another salty article from the atlantic

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So the writer argues that the us economy is in tip top shape and it was europe who is declining not the us, and if eu don't join us in containing China, it might join other international groupings (quad/five eyes) and withdraw its military umbrella from the eu
This guy lives in an alternate world and act as if it still in 1950s where the us gets to dictate everything
With a condescending and selfish ally like the us who needs enemies lol
Joe Biden has a Europe problem and the author has a sodium problem.
 

weig2000

Senior Member
These economists are just using the pandemics as an excuse to revise their predictions that were way off, to begin with, not in small part because of their innate bias.

There was a time they were predicting China's GDP will only come to match U.S. GDP in 2050 and even that is not a sure thing.

No kidding. I was browsing the book Ten Lessons for a Post-Pandamic World, by Fareed Zakaria in a local bookstore recently. I was struck by one assertion quoted by the author in a chapter aiming to boost the optimism of American people, which stated that based on the respective growth rates of the US and China in 2019, China will not surpass the US before 2050!

The book was written in 2020.
 

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