Chinese Economics Thread

B.I.B.

Captain
What the hell? This forum is about science; get that religious fairy tale crap out of here. We talk about DNA, spike protein, mRNA vaccines; we don't try to explain what the don't know with deities and imagination. There is no force that will right the wrongs of the world unless we right them ourselves with our own power.
Good stuff to hit the West though,especially the religious belt in the U.S. The Bible Belt region today stretches from northern Texas to western North Carolina, and from Missis- sippi north to Kentucky.
Little Rock, Arkansas to Tulsa, Oklahoma. Isn't Tom Cotton an Arkansas senator?
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emblem21

Major
Registered Member
Good stuff to hit the West though,especially the religious belt in the U.S. The Bible Belt region today stretches from northern Texas to western North Carolina, and from Missis- sippi north to Kentucky.
Little Rock, Arkansas to Tulsa, Oklahoma. Isn't Tom Cotton an Arkansas senator.
...
Yeah, I understand that religion isn’t really the news here but USA loves to quote the Bible when committing atrocities and it is karma to see then get punishment in return because the Bible specifically warns them not to do what they are doing. But enough on that, has the situation in Texas improved or not?
 

B.I.B.

Captain
Yeah, I understand that religion isn’t really the news here but USA loves to quote the Bible when committing atrocities and it is karma to see then get punishment in return because the Bible specifically warns them not to do what they are doing. But enough on that, has the situation in Texas improved or not?
I read that power is being restored to homes.
 

Hendrik_2000

Lieutenant General
I read that power is being restored to homes.
Power is being restore but water pipe all burst up and the water treatment plant does not work. so there is admonition to boil water for drink and tooth brush until Monday Electricity rate spike up some people with no fix rate are seeing their electricity bill jump up by 1000% Some seeing bill for the month up to $1000 or $2000. Now lawyer are having feast many family sue ERCOT for loss of their family member due to electricity loss

The misery still continue Texas is declare emergency state meanwhile
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His Lights Stayed on During Texas' Storm. Now He Owes $16,752.​


Giulia McDonnell Nieto del Rio, Nicholas Bogel-Burroughs and Ivan Penn
Sun, February 21, 2021, 10:00 AM

Utility workers repair a burnt-out switch in Austin, Texas, Thursday, Feb. 18, 2021.  (Tamir Kalifa/The New York Times)

Utility workers repair a burnt-out switch in Austin, Texas, Thursday, Feb. 18, 2021. (Tamir Kalifa/The New York Times)
SAN ANTONIO — As millions of Texans shivered in dark, cold homes over the past week while a winter storm devastated the state’s power grid and froze natural gas production, those who could still summon lights with the flick of a switch felt lucky.

Now, many of them are paying a severe price for it.
“My savings is gone,” said Scott Willoughby, a 63-year-old Army veteran who lives on Social Security payments in a Dallas suburb. He said he had nearly emptied his savings account so that he would be able to pay the $16,752 electric bill charged to his credit card — 70 times what he usually pays for all of his utilities combined. “There’s nothing I can do about it, but it’s broken me.”
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SilentObserver

Junior Member
Registered Member
The only way America can stay head of China in nominal GDP is by printing more and more money with their endless stimulus.
US also has a very strong technology base supported by global talents.

Some in the American nativist movement have lived in an environment of America being the top destination for leading global talents that they forget what supports a large portion of their high tech system. Even the Apollo moon landing and ICBM programs were supported by Nazi scientists head hunted through operation paperclip. Currently H1B serves as an important channel for attracting top researchers who are unavailable locally. The US just like China has certain fields it's more competent in but through various talent programs its able to fill in the gaps with international talent. Nativist movements in the US are detrimental to overall American national power but they are willing to incur those costs due to a stronger desire for what they see as sovereignty and return to their ideal of America.

One of America's strengths is the use of national power to support high tech industries. They've used non-market mechanisms to absorb strategic industries like with Canada's C-Series jets. Place 300% tariffs as a means of intimidation, lift tariffs once Bombardier announces it will not have a future jet program. Many of these engineers will eventually work for American aerospace companies. China might not need to take these measures but giving up government support for large high tech programs would be falling into a trap, same with military/civilian industry integration.

Although China is one of the top producers of domestic STEM talent, it's also important to be one of the hubs for top international talent to enhance its abilities and fill in gaps. Companies like Huawei does a good job at this. I know Canadians who work for Huawei and they don't speak Mandarin.

Productivity and robustness of a system is what produces national power where both government and private enterprise plays a key role in coordinating a positive result.
 

localizer

Colonel
Registered Member
US also has a very strong technology base supported by global talents.

Some in the American nativist movement have lived in an environment of America being the top destination for leading global talents that they forget what supports a large portion of their high tech system. Even the Apollo moon landing and ICBM programs were supported by Nazi scientists head hunted through operation paperclip. Currently H1B serves as an important channel for attracting top researchers who are unavailable locally. The US just like China has certain fields it's more competent in but through various talent programs its able to fill in the gaps with international talent. Nativist movements in the US are detrimental to overall American national power but they are willing to incur those costs due to a stronger desire for what they see as sovereignty and return to their ideal of America.

One of America's strengths is the use of national power to support high tech industries. They've used non-market mechanisms to absorb strategic industries like with Canada's C-Series jets. Place 300% tariffs as a means of intimidation, lift tariffs once Bombardier announces it will not have a future jet program. Many of these engineers will eventually work for American aerospace companies. China might not need to take these measures but giving up government support for large high tech programs would be falling into a trap, same with military/civilian industry integration.

Although China is one of the top producers of domestic STEM talent, it's also important to be one of the hubs for top international talent to enhance its abilities and fill in gaps. Companies like Huawei does a good job at this. I know Canadians who work for Huawei and they don't speak Mandarin.

Productivity and robustness of a system is what produces national power where both government and private enterprise plays a key role in coordinating a positive result.
That's why they should ban Chinese students :D:p:cool:
 

quantumlight

Junior Member
Registered Member
US also has a very strong technology base supported by global talents.

Some in the American nativist movement have lived in an environment of America being the top destination for leading global talents that they forget what supports a large portion of their high tech system. Even the Apollo moon landing and ICBM programs were supported by Nazi scientists head hunted through operation paperclip. Currently H1B serves as an important channel for attracting top researchers who are unavailable locally. The US just like China has certain fields it's more competent in but through various talent programs its able to fill in the gaps with international talent. Nativist movements in the US are detrimental to overall American national power but they are willing to incur those costs due to a stronger desire for what they see as sovereignty and return to their ideal of America.

One of America's strengths is the use of national power to support high tech industries. They've used non-market mechanisms to absorb strategic industries like with Canada's C-Series jets. Place 300% tariffs as a means of intimidation, lift tariffs once Bombardier announces it will not have a future jet program. Many of these engineers will eventually work for American aerospace companies. China might not need to take these measures but giving up government support for large high tech programs would be falling into a trap, same with military/civilian industry integration.

Although China is one of the top producers of domestic STEM talent, it's also important to be one of the hubs for top international talent to enhance its abilities and fill in gaps. Companies like Huawei does a good job at this. I know Canadians who work for Huawei and they don't speak Mandarin.

Productivity and robustness of a system is what produces national power where both government and private enterprise plays a key role in coordinating a positive result.
its why Bannon told Trump its 10x more important to kill Huawei than to sign trade deal. Trade war was US trying to get China to abandon the system of governance that was worked so well, US wanted China to make these internal structural changes because like always US wants to cheat and dont like true competitiors

Huawei was the tip of iceberg, America is afraid of more like Huawei on the horizon... it wants China to kneecap itself so this never plays out
 
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