Chinese Economics Thread

Serb

Junior Member
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It’s Wumaoing time!

Remember how these cucks used to blabber about how the SeeSeePee will confiscate your wealth? Credit Sussy does it for real. Just get on your knees and blow nice and slow say good things about China and get Xi in a nice enough mood and there is nothing to worry about. Just look at Elon. Verge of bankruptcy and saved by Shanghai Giga factory.

Remember just a few months ago how they blabbered about Zero Covid and how China is "literally collapsing", how China will have zero growth, it's the end of the world for China, "debt crisis" and Zero Covid will destroy China, etc?

Then a few months ahead US It seems that the US banking sector is collapsing, they are approaching double-digit inflation, their government has trouble paying their debts, and they are constantly on the brink of a recession in a permanent stagnation state, etc...

Well, that happens when you have a terminal cancer-level economy, and you laugh at someone who has a little cold (China). God isn't American, there is no "American exceptionalism", there are no divine powers.

You print trillions of currency for your trillions of deficits, for your government indebted in trillions, it was obvious that you will collapse soon. Just a basic logic about Ponzi Schemes and Ultra Bubbles. There is no reason why wouldn't America collapse when they run their economy like shit. You can't live off printing paper and financial speculation. You need to work hard, need to have industry, manufacturing, exports, etc.
 

siegecrossbow

General
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Dude is a one man Wumao making machine!

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henrik

Senior Member
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If Hong Kong was sanctioned you would basically have dollars, and other foreign currency, in bank accounts which would become worthless because you cannot transfer them or use them anywhere. Holding Western currency right now is not that safe for either Russian or Chinese wealthy people I think. Probably not that safe for Middle Easterners either.

As for the the results to the US, it could lead to further de-dollarization in other countries, and inflation in the US over the long term.

That is why the global south is now setting up their own bank transfer network, free from any western sanctions.
 

supercat

Major
"High tech Socialism" helps China to avoid the neoliberal middle-income trap.
China’s plan is to grow based on science, technology, and innovation, to more equitably distribute income, regulate private capital, preserve the environment, and show the world that there is not a single political and economic model.
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A newly created private high-tech financial institution in Macao will provide loans for China's micro and small businesses.

Hopefully, the relationship of China and US' economic future is not all bleak.
 

BlackWindMnt

Captain
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"High tech Socialism" helps China to avoid the neoliberal middle-income trap.

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A newly created private high-tech financial institution in Macao will provide loans for China's micro and small businesses.

Hopefully, the relationship of China and US' economic future is not all bleak.
Meh i think i saw the German government and companies play the same sort of good cop bad cop play with Russia.
When the US government blows the dogwhistle they all fall in line and will stab China in the back.
 

tphuang

Lieutenant General
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This is a good thing for the Chinese economy
全国9座城市机票预订量大幅上涨 超2019年同期!

看来旅游是会快速爆发的,很多人迫不及待要去旅游了。

上海卫视报道:据国内旅游平台数据显示,今年3月以来,国内多个城市机票预订量已超过2019年同期。截止到上周,预订量前25名的城市中,三亚、成都、杭州、广州、沈阳、海口、哈尔滨、长沙、重庆进出港预订量均超过2019年。此次航班换季后,很快要迎来"五一"小长假、端午假期,预计出境游也会迎来爆发点。
airline ticket sales are above 2019 level for 9 major cities. Looks like a lot of tourism in there and getting away from cold weather. Given that international travel is still a fraction of pre-COVID level, one would reason that domestic tourism will be really high in Q2.
 
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