Do you think that SOE should focus more on R&D instead of dividend?
Chinese Economics Thread
- Thread starter Norfolk
- Start date
antiterror13
Brigadier
they do
That is due to the trade war. China was forced to enact two rounds of tax cut and small spending increase to offset the effect of tariff. In the contrary, China stimulus for covid is peanut compare with other countries. I don't think deficit is totally bad especially you have a low national debt and interest rate environment.
In public security there is a defence spending?
It’s separate from those numbers.
Recent deficit rise was due to tax cuts to offset trump tariffs it seems
Actually from what i see the public security term excludes military spending which is disturbing as the new military budget is at 1.35 trillion yuan. This is total madness if it is true, China cannot expect to reasonably compete militarily with the USA if it spends more on internal security than its own military lol.
Here is from 2019 where the public security budget was 1.39 trillion yuan
What this culture combined with oil reserves, means?
PiSigma
"the engineer"
Most countries spend more on internal security than external. China counts a lot of police, firefighting, PAP, MSS, coast guard into internal security.
US costs are split into state and city budgets, so internal security is just the 3 letter spy agencies.
None of these budgets are really comparable to other countries until u dig into the line items.