Chinese Economics Thread


Kaine

Junior Member
Registered Member
There are some zombie companies in China, evergrande may be one of them.

Evergrande is definetely a zombie company which deserves to be bankrupted in order to allocate the capital more efficiently.

The issue is that Evergrande has grown so fast and borrowed so much money that it has almost (already became?) become a "too-big-to-fail" company where if it got bankrupted the entire Chinese financial system would be at risk of collapse.

"If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem."
 

Petrolicious88

Junior Member
Registered Member
I don't know why you would ever want a lower growth rate. China's estimated GDP per capita in 2021 is $18,900 (PPP)/ $11,800 (nominal) whereas the US is $68,300. For comparison, during the late 1980s and early 1990s Japan's GDP per capita (nominal) was actually higher than the US. China still has a long way to go to match Japan. It should not rest on its laurels.
There’s still a lot of work to do and many challenges ahead.

If China’s development is compared to a person, it’s prob still in its early 30s.
 

Hendrik_2000

Brigadier
It's important for the Chinese government to have the trust of the Chinese people, but foreign opinions matter as well.

The US has sharpened its propaganda machine from decades of cold war with the Soviets and has the ability to topple governments they want with ease through channels like the CIA, "democracy activists" and propaganda news. Their tentacles are absolutely everywhere, from every issue imaginable like "3 gorges environmental activists" to youtube channels like RealLifeLore. It is extremely easy to fall for average westerners to fall for American propaganda.

All these have very real consequences. We've seen Europe starting to adopt a more hardline policy against China due to the "uighur genocide" fake news and the Hong Kong protests that were flamed by Mike Pompeo. We've seen racist attacks against asians all over the west.

All these will get worse if China's CCTV doesn't buck up and come up with proper counter-attacks.

How is that going to make a difference, the west already make up their mind It is driven by combination of fear, insecurity, racism, frustration from being abandonment by their own elite, helplessness, etc
No amount of messaging is going to change their mind . Case in point in Nazism in Germany in 30's I mean German are high culture people, with poet, humanist like Goethe and Schiller. Yet they fall of failed sergeant Hitler because he can express their frustration, fear and grievances better than those reasonable, noble critic.

I mean China try , they open CGTN America modeled after RTV and Aljazeera. They produced video explaining China position and show real China. They invite foreigner to produce video sympathetic to China cause and show real China
But did anybody listen NO !

So of course they should keep trying. But the ball is not on China court It is up to the western elite, politician, media, industry to make up their mind. Are they going to live in peace with China or not ? No amount of explaining or messaging is going to do if they can't make up their mind

What China can do is prepared for the worst and hope for the best!
Any reasonable person should know just by looking at history in the last 40 or 50 years how many war that the west get involve and how many war did China get involve?
 

ansy1968

Captain
Registered Member
How is that going to make a difference, the west already make up their mind It is driven by combination of fear, insecurity, racism, frustration from being abandonment by their own elite, helplessness, etc
No amount of messaging is going to change their mind . Case in point in Nazism in Germany in 30's I mean German are high culture people, with poet, humanist like Goethe and Schiller. Yet they fall of failed sergeant Hitler because he can express their frustration, fear and grievances better than those reasonable, noble critic.

I mean China try , they open CGTN America modeled after RTV and Aljazeera. They produced video explaining China position and show real China. They invite foreigner to produce video sympathetic to China cause and show real China
But did anybody listen NO !

So of course they should keep trying. But the ball is not on China court It is up to the western elite, politician, media, industry to make up their mind. Are they going to live in peace with China or not ? No amount of explaining or messaging is going to do if they can't make up their mind

What China can do is prepared for the worst and hope for the best!
Any reasonable person should know just by looking at history in the last 40 or 50 years how many war that the west get involve and how many war did China get involve?
@Hendrik_2000 correct bro, don't let other judge you, just do it and let your result and performance be the basis, its our owned craving that needed to be satisfied not theirs. Bro that dream (Chinese dream) needs a lot of hard work and toil, obstacle that need to overcome, it may shattered our hope but its up to us to decide.

I think all of us here had experience some sort of discrimination, people putting you down based on your status and race. It hurts but for me I used it to improved myself and become a better person, that kind of experience is what China had been experiencing now. Adversity brings out the best and greatness in one person, again sorry for the rant, I've been emotional this past few weeks after watching to many Romantic Anime....lol
 
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horse

Senior Member
Registered Member
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This is how the evil Americans are sabotaging Chinese efforts to move up the value chain. So Chinese efforts to wean themselves off US technologies are portrayed as trying to control the semi-cond industry.

Sure sounds like the basic idea is for them to form a semiconductor cartel lead by the United States.

Good luck with that.

:cool:
 

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