Chinese Economics Thread

BMEWS

Junior Member
Registered Member
I made a post yesterday about the real loss in another thread:

China has $1.1T in US Treasuries and $3.4T in reserves.


With the 7% drop in US dollar index, China lost $300 billion from that alone in the past 3 months. And it's only going to get worse.

Some anticipate a 20% drop for this year, so China would lose $900 billion in real terms by end of the year. China bagholding for the US, getting screwed left n right.
dollar going to zero by year end
 

gadgetcool5

Senior Member
Registered Member
Part of why this has been unsatisfying is that China has no avenue for symmetric retaliation and measured escalation. It already ran all the American internet companies out of China long ago, and it's hardly like there are any Indian tech companies in China it can squeeze. The best thing you can do in a situation like this is cut your losses, which is what China is doing with TikTok. To do otherwise, to yell and beat your chest and make a scene to distract others - and yourself most of all - from your loss is very... Indian.

Which is why I also ask that my compatriots here keep this issue in perspective. Yes, China will have to just take an L on TikTok, sucks but that's just life sometimes. Panicking and ranting about how unfair this is isn't going to accomplish anything other than making you look weak and rattled.

There are many American Internet/Software products in China.

Google Chrome remains a popular browser. There is no way a Chinese browser would be allowed to be so popular in the US, and Google derives tremendous benefit from its browser market share, so China could act against it and invest to improve the UC Browser or QQ Browser. UC Browser was recently banned in India so it would be great to see some support flow their way. The problem is it's already gotten a bad reputation due to security issues in the past.

Microsoft Windows is still widely used in China. Although some alternatives are being worked on, China is still way too dependent on Windows. This is actually a national security issue as Windows almost certainly has NSA backdoors in it. There should be more efforts to move away from Windows.

Apple of course has a presence in China, although that is partially mitigated due to them also having manufacturing there, as well as their market share being relatively low. I don't think retaliating against them would be the best move. Having a non-Chinese competitor in the market will keep competitive pressures in the market whilst not taking too much market share is an ideal situation.

Finally, while China has Baidu as a domestic search engine, it still does not have a good offering in the International Search Market. It would be impossible for the West to ban a good Chinese Search offering since it would be a website that can be accessed through the world wide web URL. While a Chinese Search engine is not likely to become dominant, any international market share China can take away from companies like Google that answer the US would be a good thing. Russia has Yandex search and many European countries have their own internationally available search offerings.
 

AssassinsMace

Lieutenant General
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The idea that democracies are suppose to unite and fight evil is a utopian fantasy. It's unobtainable and never existed. The US has been a democracy for how long? And they denied people the right to vote because of their race and gender for most of its history. Maybe they've matured and they wouldn't do that today. And the US brags about fifty years of civil rights and then George Floyd happens... If people cared about civil rights, George Floyd wouldn't have happened. Liberals will think they're the ones who care... then George Floyd wouldn't have happened. If it's in their nature to care, then it wouldn't have happened. Maybe they think it's the government's job to do all these things. Then why do they brag about being a democracy? They vote for the people in government and yet vote in people who don't care.

"Democracies unite!" is a fake war cry of the disingenuous. The US shouldn't complain about democracies not blindly obeying when it comes to China because this is the world they created. The US is the leader of the world, not because of its ideals and values are appealing. It's because they control the world economy. And because of that, countries are going to follow because they want money. The US likes it that way and they thought that was going to be forever. If you think everyone needs you but you don't need anyone else, you're going to think that's forever. Enter China, the destroyer of things that liars would rather believe. It's a whole lot easier making countries dependent than trying to fool people into following believing they'll be treated as an equal while plotting to have all the power.

The US didn't establish relations with Communist China, which by their own romantic nonsense they weren't suppose to do anyway, not because of hopes of establishing democracy. The US did it because they wanted a buffer against the Soviet Union in the Cold War. Nothing altruistic about it. Now you have revisionist history spinners like Senator Tom Cotton lying that the US had to have slaves because the American forefathers saw hundreds of years into the future that the US was going to be the champion of human rights around the world. Don't forget the British and Hong Kong... They hold up democracy yet it's only about themselves. They ignore the rest of the world and only dictate orders. Are we suppose to admire the KKK when they show love and affection to fellow KKK members? Let's ignore everything else they do because that's what they're saying about themselves.
 

ZeEa5KPul

Colonel
Registered Member
I thought the tone of the article was strange; it too often explicitly and honestly acknowledged China's strengths and victories and America's failures to obtain the results it desired. My confusion cleared up when I scrolled down to the end of the article and saw the whelp who wrote it, an editorial intern. Clearly, he still has much to learn about how Western propaganda operates - a promising student nonetheless.
 
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