Chinese Economics Thread

[pmc]

Truck is the best way of transporting to Europe. Truck drivers are much easier to train and trailers can be changed at designated stops.
It also helps Europe as Truck directly goes to the stores for shoes or electronics rather than storage at shipping port and all the Crane operator expenses. only few ports can handle the oversize container ships.
Retail fuel prices across Eurasian countries are 1/3 of Europe and 1/2 of China. but it need designat super highway with access controls for smooth flow.
I agree with you its desperation in Europe.

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Babiš was even more direct, saying the auto sector is facing a "disaster."
"After the semiconductors crisis, now we have the magnesium crisis," Babiš said in the European Council summit, according to the diplomat.

 

[Orthan]

We think that China's economy has tripled since you've been here.

What do you think of this?

I think that you have made a fool of yourself. I have presented credible theories about evergrande and you just make fun of me because it doesnt fit your agenda. Nice attitude.

 

[escobar]

Decoupling.....

He said that while Honeywell’s success in China may have benefited the Chinese, the biggest winners have been its mostly American shareholders. “We went from a $20 billion market cap to a $160 billion market cap, and China played a big role in that,” Mr. Tedjarati said

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[ZeEa5KPul]

I think that you have made a fool of yourself.

Then think again.

I have presented credible theories about evergrande and you just make fun of me because it doesnt fit your agenda.

Your baseless speculations aren't credible. I'll repeat the question you ducked: How do you feel knowing that China's economy has tripled since you've been here?

Nice attitude.

Thank you.

 

[hashtagpls]

The EU in virtue signaling for its white Anglo ally didn’t think China would counter sanction its own officials and now they’re faced with the humiliating prospect of climbing down from that high horse since China continues making seperate deals with individual EU countries anyhow

https://twitter.com/i/web/status/1451575973711794188

The price of white supremacy is clear: look at the UK with its shortages of fuel and goods, look at lithuania, hell, look at Australia in the years to come. EU leaders thought they could sanction non white nations without fear for the sake of bonhomie, China soon put paid to that.

Essentially, the rise of China is the death of white supremacy and white privilege; small wonder the default positions amongst white nations and wannabe white nations like India is one of sinophobia

 

[Anlsvrthng]

Actually he even got the wages vs price level wrong.

UK wages are similar to Chinese wages.

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Average Chinese monthly wages: 12423 RMB on pg.4 (1,943.13 USD per month, 23317 USD per year)

Average UK wages:

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29600 GPB or 40k USD.

So UK has about 1.7x wages.

Income tax at average salary: China 10%. UK 20%.

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Now gap is reduced to 1.5x greater UK wages.

How do UK prices compare? China is up to 60% cheaper.

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Conclusion: his argument is total gibberish nonsense.

Just a simple fact , the Chinese nominal GDP is 10540 USD, and you say the average Chinese worker earn more than twice the nominal GDP?

Don't you feels like something doesn't add up ? : D

Explanation the discrepency - the wage that you advertise received by only a small potion of population, the residents of the cities, the UK average sallary is the average of all UK worker.
So, we can say your calculation is pointles : )

 

[Orthan]

Then think again.

I have already. Im certain of what im writing here.

Your baseless speculations aren't credible.

IMO, they are credible. And you have done nothing to refute them.

 

[ZeEa5KPul]

I have already. Im certain of what im writing here.

Re-examine your certainty. But before you do that, answer the question I asked you.

 

[FairAndUnbiased]

Just a simple fact , the Chinese nominal GDP is 10540 USD, and you say the average Chinese worker earn more than twice the nominal GDP?

Don't you feels like something doesn't add up ? : D

Explanation the discrepency - the wage that you advertise received by only a small potion of population, the residents of the cities, the UK average sallary is the average of all UK worker.
So, we can say your calculation is pointles : )

GDP per capita is counted for everyone, including babies, students, disabled, old, etc. It is simply total economic value added divided by population. It doesn't really mean anything.

Btw, I didn't say it, I quoted KPMG. KPMG is a global Big 4 accounting and market consultancy says it. Their logo is all over my linked report. You can't miss it. If you want to debate the original data, why don't you debate with KPMG consultants that are actually highly paid? I'm sure their time is worthless and they'd love to talk to you.

But just to educate you a little, the relevant number for wages is labor participation rate, not total population. In addition, if there was zero profit for the ruling class, the expected wages would be GDP divided by labor pool (all added value in the economy paid to workers).

Otherwise, total wages = wages per worker * number of workers.

The difference between GDP and total wages is the value extracted by capitalist (if positive) or surplus wage value due to external capital infusion (if negative).

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Chinese labor participation rate is 67% in 1.3 billion for a total labor pool of 871 million. $16.8 trillion USD nominal GDP.

Expected wages from labor participation rate: 19288 USD.
Actual wages from KPMG source: 23317 USD.

Difference between expected and actual wages (China): +10%.

UK labor participation rate is 63% in population of 67 million for a total labor pool of 42.21 million. $3.1 trillion USD nominal GDP.

Expected wages: 73442 USD.
Actual wages from UK government: 40000 USD.

Difference between expected and actual wages (UK): -54%

 

[B.I.B.]

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Australia produces a reasonable amount of magnesium