Chinese Economics Thread
- Thread starter Norfolk
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What I remember from watching some documentary, they interviewed old Russian big shots.
They said that when Gorbachev, started the perestroika and glasnost, which meant restructuring and openness, it did not work as intended, the results were unexpected.
What happened was the Soviet bureaucratic system was too entrenched, and no one was willing to give up any perks or their turf. Essentially the system was fighting back and resisted all efforts at reform. Then the system came after Gorbachev, and then it went sideways, and the rest is history.
Maybe they were just too rigid and were incapable of any reforms, economic or political.
We never hear of any news regarding the 5G build out in China anymore.
Shenzhen had a standalone 5G network, and Beijing announced they had built one too a month later. Since, a total news blackout.
@horse bro Russia need a Deng Xiao Ping instead they had Gorbachev,
if Putin is in charge at that time the outcome maybe different.China has some bubbles, but it should not be worried about core CPI inflation. Core consumer price inflation was negative at the start of the year. The target is around 3% growth.
But it's a reason not to park money in the U.S. Here's another reason:
US just stole $1 billion from Myanmar. Not only will it monetize your assets via inflation, it has no qualms about outright stealing "your" money.
But it's a reason not to park money in the U.S. Here's another reason:
US just stole $1 billion from Myanmar. Not only will it monetize your assets via inflation, it has no qualms about outright stealing "your" money.
The problem is not CPI but Total rise in debt to Gdp. It has risen by 25 pct points last year, that's why next few years growth will be kept just enough to reduce it.
Chinese exporters should be charging more for their products and services to hedge against the long-run depreciation of the U.S. dollar.
Not exactly, USSR was a developed country with huge industrial base. They needed a Stalin to purge these corrupted mofos who later became the oligarchs of modern Russia@horse bro Russia need a Deng Xiao Ping instead they had Gorbachev,
