Chinese Economics Thread

FairAndUnbiased

Brigadier
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Zero-Covid was the right strategy in 2020, probably even most of 2021. However it's 2022, and it's probably time for a new strategy. I don't think it's a matter of refusing to accept mistakes. I don't think there is a clear consensus on how to move on. That being said, it should be more of a scientific decision at this point rather than political.

With regards to the brain-drain. This is the US' own self-inflicted gunshot wound. Everyone with half a brain knew their xenophobic anti-immigrant policy drive is leading to this outcome. For 50 years (basically since the post-80's opening up), only foreign universities were worth going to for graduate studies and the US was the best. Then in the 2000's there was that crap with Wen Ho Lee and has only gotten worse.



Pardon my ignorance, but what is JH?

Those troglodytes on twitter talking about "real vaccines" are really something. They don't even realize that many countries have already reopened fully while relying primarily on Chinese vaccines. If they are so ignorant on something like this, why do they expect people to think they are correct when they assert that the US/West is the shining beacon of freedom and democracy for all the world to follow?
It's a term for overly enthusiastic Indians that we are no longer allowed to use directly. It comes from a popular Indian chant.

I don't mind their ignorance. What's some cope rage compared to the massive human and healthcare cost they suffered only for their economies to still be worse?
 

Minm

Junior Member
Registered Member
Zero-Covid was the right strategy in 2020, probably even most of 2021. However it's 2022, and it's probably time for a new strategy. I don't think it's a matter of refusing to accept mistakes. I don't think there is a clear consensus on how to move on. That being said, it should be more of a scientific decision at this point rather than political.
I agree, everyone agrees that zero covid won't continue forever, but getting out of it without causing a disaster is going to be complicated. But I'd also argue that it's still the right strategy for the rest of this year. Infectious disease related deaths and pressure on hospital services go up every winter. This year will be the first winter with no restrictions in most countries and covid plus flu are probably going to take many victims across the world. Of course if there's no increase in deaths across the world, then China can safely drop zero covid in early 2023. But if Europe and the US suffer another million deaths, China will turn out to have had the better strategy once again. For example, Japan's covid related hospitalisations and deaths are way up right now and it's the middle of summer, the seasonal effect in the winter is going to make that even more severe.
 

FairAndUnbiased

Brigadier
Registered Member
I agree, everyone agrees that zero covid won't continue forever, but getting out of it without causing a disaster is going to be complicated. But I'd also argue that it's still the right strategy for the rest of this year. Infectious disease related deaths and pressure on hospital services go up every winter. This year will be the first winter with no restrictions in most countries and covid plus flu are probably going to take many victims across the world. Of course if there's no increase in deaths across the world, then China can safely drop zero covid in early 2023. But if Europe and the US suffer another million deaths, China will turn out to have had the better strategy once again. For example, Japan's covid related hospitalisations and deaths are way up right now and it's the middle of summer, the seasonal effect in the winter is going to make that even more severe.
The way to get out of zero COVID is to have zero COVID cases.

If mainland was doing what Taiwan is doing, mainland would have 300k deaths. How many of those could've been leaders, scientists, generals?

Japan and Vietnam faltered too. They failed.
 

KenC

Junior Member
Registered Member
Actual unemployment rate is actually down by 0.1% in July.
The 19.9% youth unemployment include youth of age 16 to 24 and to use this to represent unemployment rate is somewhat misleading.
Those from age group of 25 to 59 have unemployment rate of just 4.3%. Why does the Bloomberg writer omit this fact?


On August 15, at the press conference on the operation of the national economy in July held by the Information Office of the State Council, Fu Linghui, spokesperson of the National Bureau of Statistics and director of the National Economic Comprehensive Statistics Department, said that from January to July, the number of new cities and towns across the country increased. 7.83 million people were employed. In July, the national urban surveyed unemployment rate was 5.4%, down 0.1 percentage points from the previous month. The unemployment rate of the local household registration population survey was 5.3%; the unemployment rate of the migrant household registration population survey was 5.5%, of which the unemployment rate of the migrant agricultural household registration population survey was 5.1%. The surveyed unemployment rates of the 16-24 and 25-59 age groups were 19.9% and 4.3% respectively. The surveyed unemployment rate in 31 large cities and towns was 5.6%. The national average weekly working hours of enterprise employees was 48.0 hours.
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KYli

Brigadier
Haters gonna hate. It is funny seeing some people in the West is so desperate to complain about China zero covid policy and economic performance. But at the same time, they didn't look into their mirror.

Those double digits inflation in the West and falling productivity is telling how well the West performing. Many Western countries are probably entering recession as we speak but they keep pushing that they are doing fine. Bloomberg is just propaganda that sugarcoat anything in the West and demonize everything in China. Still remembering the phase Transitory inflation anyone.
 

Bellum_Romanum

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Registered Member
Even at the height of Anti - Chinese sentiment didn't dent the enthusiasm among Filipinos, when you see beauty in front of you and within your budget then you're stupid not to buy it as you compare the Japanese equivalent. Premium price with spartan interior design, that's how monopoly operates.

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Jun 30, 2021 — Coolray continues to help Geely PH maintain number 9 ranking in PH ... charts as the number one subcompact crossover in the Philippines.
You know that Pinoys are trend followers, and not trend setters. Most of the anti-China crap the regular Pinoys spew comes from the media they consume which are almost always propaganda designed to keep the Pinoy masses ignorance of China's actual standing in economy, military, science, engineering, research and development, space, biotechnology, IOT, HSR etc...they (propagandists) like that ASPI pulubi Heydarian loves to peddle the Human Rights, democracy as their favorite weapons to distract Filipinos from actually looking into China's achievements. Which prevents them from asking pertinent questions if Democracy = Economic development if so why are there are so few examples to be used except for the usual clap traps of Imperial powers, turned colonizers, then supposed democracy...

@ansy1968 you know very well that Filipinos are even blind and misinformed to the history of America. How the country came to existence, the Civil War, the Civil Rights act, the racial tensions and conflict that exists in America, especially with respect to the legacy of slavery, not to mention the actual genocide of indigenous people. Filipinos are never told of these truths except show them California (Hollywood) or NYC without ever thinking that the heartland of America do not represent or comes close to looking like those coastal areas.
 

ansy1968

Brigadier
Registered Member
You know that Pinoys are trend followers, and not trend setters. Most of the anti-China crap the regular Pinoys spew comes from the media they consume which are almost always propaganda designed to keep the Pinoy masses ignorance of China's actual standing in economy, military, science, engineering, research and development, space, biotechnology, IOT, HSR etc...they (propagandists) like that ASPI pulubi Heydarian loves to peddle the Human Rights, democracy as their favorite weapons to distract Filipinos from actually looking into China's achievements. Which prevents them from asking pertinent questions if Democracy = Economic development if so why are there are so few examples to be used except for the usual clap traps of Imperial powers, turned colonizers, then supposed democracy...
Bro wait until 2030 or even 2028 when the dollar loose steam, It's an economic issue. IF the Philippines do open up and the oligarch loose control on its grip in our economy you will see a major changes in attitude. There is an unwritten alliance between the US and the Oligarch, the American use them to control us, dangling economic benefits. The problem is the American are cheap, they don't want to enlarge the pie and they're selective, they want Mestizo (mixed race) BUT most of them are incompetent. The one that are growing economically are the Hua Qiao BUT their loyalty are suspect cause they are more nationalistic, bro in our history most of our national heroes are Hua Qiao and they are willing to die for their adopted country.
@ansy1968 you know very well that Filipinos are even blind and misinformed to the history of America. How the country came to existence, the Civil War, the Civil Rights act, the racial tensions and conflict that exists in America, especially with respect to the legacy of slavery, not to mention the actual genocide of indigenous people. Filipinos are never told of these truths except show them California (Hollywood) or NYC without ever thinking that the heartland of America do not represent or comes close to looking like those coastal areas.
Bro you need to entertain the populace so not to dwell on their misery, hardship and despondency, local election was held every 3 years and yet we keep on electing the same official. Why? family dynasty connected to the oligarchy, we make fun of the Indian due to their caste system, we have it to in the form of Family dynastic rule. People despair cause the system is so entrench, so to escape like the Indians we export ourselves out of poverty...lol And the only place for Social Mobility is in the Collective West, we see people queuing in a long line for American Visa, having one increase your social status and everyone dream of having a US Green Card. It's US strategy that manifest itself during the Ukraine War, DEPENDENCY was the key in holding your vassal or so called allies in place. BUT that strategy needs a rethink cause it needed HUGE RESOURCES to be successful.
 
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martinwagner

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China's stash of U.S. government debt dropped to $967.8 billion in June, the lowest since May 2010 when it held $843.7 billion. In May, the world's second biggest economy had $980.8 billion in Treasuries, data showed. China's hoard of U.S. debt has seen multiple 12-year lows the last few months.
Data also showed Japan increased its holdings of Treasuries to $1.236 trillion in June, from a revised $1.224 trillion in May. The Treasury report released in July showed Japan had $1.213 trillion in Treasuries for the month of May.
While China ditches more of US Treasuries like a boss, Japan is left holding the bag again :D
 
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