The government is already using money from sovereign bonds to subsidize consumption vouchers, which don't immediately affect price levels. It just seems to me like the government cares about clearing out excess inventory/spur thrifty consumers to buy and not necessarily deflation or increasing the sticker prices of those items, otherwise they wouldn't use consumption vouchers and would instead buy the excess inventory directly at a higher price.
Chinese Economics Thread
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The government is already using money from sovereign bonds to subsidize consumption vouchers, which don't immediately affect price levels. It just seems to me like the government cares about clearing out excess inventory/spur thrifty consumers to buy and not necessarily deflation or increasing the sticker prices of those items, otherwise they wouldn't use consumption vouchers and would instead buy the excess inventory directly at a higher price.
I really don’t see this as substantive or committed policy.
Stimulus like this really doesn’t move the needle much, and relative to the size of the economy, such measures aren’t a huge investment either.
This user sees the problem of deflation in any economic problem that China finds itself in.
Someone should make a meme of this.
Anyone who doesn't know the difference between monetary deflation and productivity deflation is truly lost.
Inflation is only good if wages rise at the same rate or more. If it's less, the average worker loses purchasing power, which leads to less consumption. This increase in wages only occurs due to a greater effect of productivity, so it all depends on how productive each Chinese worker is enough to increase their income and raise their income above inflation, which guarantees them greater purchasing power.
"33% larger"
These figures are impossible to believe. I've read reasonable estimates of China's GDP ranging from 2 to 3 (!?) times US GDP
I don't have the figures in front of me now, but i remember the last time i studied it, my impression was that the Chinese economy is perhaps around twice the size of the US
100% larger
These figures are impossible to believe. I've read reasonable estimates of China's GDP ranging from 2 to 3 (!?) times US GDP
I don't have the figures in front of me now, but i remember the last time i studied it, my impression was that the Chinese economy is perhaps around twice the size of the US
100% larger
supercat
Colonel
Anecdotal evidences seem to indicate that China's economy is at least 50% bigger than America's. China has to provide food, shelter, healthcare, education, and other services for 4 times more population. China's manufacturing sector is as big as the US, EU, and Japan combined. China's auto market is 2x bigger than America's. China also generate 2x more electricity than the US.
Luckin Coffee just entered the US market.
Where did you get this completely untrue information?
The annual official ranking of 经济百强县, i.e. the top 100 counties in economy development, has been well known for decades in China. This is the 2024 edition:
What has that report got anything to do with or disprove what I said?
If "economy at the county/township level is completely unreported", as you said, how did the Chinese government rank the top 100 counties every year?