Chinese Economics Thread

wxw456

New Member
Registered Member
Has anyone watched this program
"Chinas Economic Rise..... The End of the Road":

...

Although I have read some aspects of the discussion on this forum, much is rather new to me and leaves me wondering how relevant is their opinion?
My takeway from this, is that Pres Xi has and is making a lot of mistakes.
You do realise that video is published by CFR (Council on Foreign Relations) which if you didn't know also publishes the Foreign Affairs magazine. They are pretty much a US think tank with deep connections in the US government regarding US foreign policy. If you want some insight into foreign affairs and international relations from a US perspective, then go ahead and read their publications. However, that does not make their normative statements fact. A fair warning that you will struggle to find a single author in that organization who can openly take a consistent positive stance on China.

Is President Xi flawless in his decision making? Obviously not since nobody is perfect and there are criticisms of his policies and overreaches before. That being said, distilling decision making in the Chinese government down to a single person on top is a gross misrepresentation of how the government functions. My usual rebuttal is to ask the opposite question, what is China doing right? The foreign affairs magazine has consistently published various articles about the China "threat" and the "mistakes" of the Chinese government. The subtle contradiction here is that a government that consistently makes mistakes will not be a threat. Either the Chinese government makes too many mistakes or it is generally adaptive and competant and thus a "threat". You can lean one way or the other, but it is a contradiction to simultaneously take both stances.
 

B.I.B.

Captain
You do realise that video is published by CFR (Council on Foreign Relations) which if you didn't know also publishes the Foreign Affairs magazine. They are pretty much a US think tank with deep connections in the US government regarding US foreign policy. If you want some insight into foreign affairs and international relations from a US perspective, then go ahead and read their publications. However, that does not make their normative statements fact. A fair warning that you will struggle to find a single author in that organization who can openly take a consistent positive stance on China.

Is President Xi flawless in his decision making? Obviously not since nobody is perfect and there are criticisms of his policies and overreaches before. That being said, distilling decision making in the Chinese government down to a single person on top is a gross misrepresentation of how the government functions. My usual rebuttal is to ask the opposite question, what is China doing right? The foreign affairs magazine has consistently published various articles about the China "threat" and the "mistakes" of the Chinese government. The subtle contradiction here is that a government that consistently makes mistakes will not be a threat. Either the Chinese government makes too many mistakes or it is generally adaptive and competant and thus a "threat". You can lean one way or the other, but it is a contradiction to simultaneously take both stances.
I did not know, thanks for the info.
 

Overbom

Brigadier
Registered Member
Should have pushed all that money on vaccinations and mRNA R&D programs
Please, Log in or Register to view URLs content!
As more and more Chinese cities implement regular coronavirus testing, there are indications that a nationwide roll-out of mass testing in all first- and second-tier cities could cost China 1.5 per cent of its entire 2021 gross domestic product this year
The practice of regular mass testing is likely to be vastly extended across the country after the five-day Labour Day holiday that ends on Wednesday, in an effort to better coordinate virus-control efforts, per Beijing’s instructions, according to Tao Chuan, chief macro analyst at Soochow Securities.
If all of China’s first- and second-tier cities, with roughly 505 million residents, implement a year’s worth of mass testing, the cost could top 1.7 trillion yuan (US$257 billion), which would be about 1.5 per cent of China’s 2021 GDP, or about 8.7 per cent of last year’s public fiscal revenue, Tao said.
And he warned that the additional cost will put further pressure on local authorities and municipal coffers, which are already being strained due to the implementation of tax cuts and increased infrastructure spending to boost China’s slowing economy.
Although it might not be the best solution for China, regular mass testing is still a less-costly option than lockdowns, Tao said. "At least in terms of cost, regular mass testing may be a better option than targeted, high-intensity lockdowns,” Tao said.
 

Rettam Stacf

Junior Member
Registered Member
Should have pushed all that money on vaccinations and mRNA R&D programs
Please, Log in or Register to view URLs content!

How much of this 1.7T Yuan go into China's economy and industry ? Essentially every single Yuan.

Seems to me a good way to pump money into and transform China's biomedical industry from next to nothing in just 2 short years to a global powerhouse. Is that the reason why every single at home Covid test kit I received free from my government, or purchased from the pharmacies, were made in China.
 

Han Patriot

Junior Member
Registered Member
How much of this 1.7T Yuan go into China's economy and industry ? Essentially every single Yuan.

Seems to me a good way to pump money into and transform China's biomedical industry from next to nothing in just 2 short years to a global powerhouse. Is that the reason why every single at home Covid test kit I received free from my government, or purchased from the pharmacies, were made in China.
essentially it's actually increasing the gdp, since goods are being produced and consumed locally. Imagine people like to play games and the gaming industry is worth 200bil, does the gaming industry contribute anything to real wealth. It does nothing, but yet it is counted as part of the gdp growth. In this case, it is controlling a virus which can actually cripple the country. I think it's not the best solution long term, but until we can figure out a new vaccine, this is the only way forward.
 

Han Patriot

Junior Member
Registered Member
How much of this 1.7T Yuan go into China's economy and industry ? Essentially every single Yuan.

Seems to me a good way to pump money into and transform China's biomedical industry from next to nothing in just 2 short years to a global powerhouse. Is that the reason why every single at home Covid test kit I received free from my government, or purchased from the pharmacies, were made in China.
The US army just bought 1.7 bil $ worth of Chinese test kits. Go figure.
 

Coalescence

Senior Member
Registered Member
essentially it's actually increasing the gdp, since goods are being produced and consumed locally. Imagine people like to play games and the gaming industry is worth 200bil, does the gaming industry contribute anything to real wealth. It does nothing, but yet it is counted as part of the gdp growth. In this case, it is controlling a virus which can actually cripple the country. I think it's not the best solution long term, but until we can figure out a new vaccine, this is the only way forward.
Not only vaccines, but also medicines and preventive tools like air disinfectant, UV-C lights and better masks. This thing is going to keep evolving to circumvent immunity, creating newer variants with varying level of immunity evasion and severity. Its an ever evolving threat where the best we can do is slow the spread and lower the amount of people infected in each covid wave.
 
Top