Protectionism doesn’t ban EU exporters from exporting. China’s lack of firms that export in complementary product categories is evidence of China’s industrial impotence.
Protectionism bans EU importers from importing from China, idiot. How do you come up here and say stupid shit like this and then pretend to be able to do economic analysis with a straight face??
The fact that the “evidence” China is on the technological frontier means talking to death the same exceptions over and over again. - 5G, HSR, EVs, and green energy - ends up proving the case.
Those aren't exceptions; those are some of the largest most visible examples.
If China was actually on the frontier, the chat would be about cases where China is not on the frontier.
They actually just did. Pretty much it's just commercial jet engines against the US/Rolls Royce and EUV against the Dutch. Those are the 2 exceptions.
The exception is the case where China is on the frontier.
I counted 4 where China leads (I could add to that list but I'll keep it there since we're analyzing what's said, 2 where it needs to catch up, 1 iffy area, so you count the 4 as exceptions? LOL That's ok, I know math isn't your thing.
Massive deflation in China due to the over-financialization in China with a severely underdeveloped financial sector and money-centered politics. Instead of finance serving its proper role in facilitating corporate investment, it went to chase speculative unproductive investment in residential real estate (instead of being channeled in debt/equity markets to fund corporate capital structures); yet China did nothing to block these developments, for fear of upsetting the suburban Karen’s of Yangzhou who would’ve lost money.
Now that the real estate bubble has popped; there is no other place to channel household savings other than to deposits at insolvent banks paying no interest, and this has caused a complete collapse in consumer confidence and they are doing hordes of precautionary savings, thus simulatojslt causing more deflation and severe declines in corporate investment, and declining wages., causing the deflationary spiral to continue.
what’s more - it’s clearly feeding into growth, China’s growth at 4% in 2Q24 has made China’s growth positively Latin American/Japanese and what’s even more surprising - multiple US states are growing faster than China. Heck, even Texas, with a gdppc well above the U.S. is growing substantially faster than China
Oops, then China keeps outgrowing y'all and you gotta come up with another piece of bullshit like this one in a few years, which sounds like the same shit they were saying about China's unstoppable hard landing and bubble bursting. Western economists study their whole lives to write such things, and then when they are wrong, they write such things again, just to try to convince the world through language rather than actual results that they are classy and worth thier education when the truth is that no matter what you sound like, when you are consistently wrong, your education and your life efforts are worth less than the job skills learned from working a fryer or grill.
Correct but flip to page 2 of the Industrial Organization textbook: when firms get large enough, there are diseconomies of scale and comparative advantages have increasing marginal costs. Thus for large population economies like the U.S. & EU, even with comparative advantages and open trade/investment, they have market presence in every NAICS and HS market segment. China’s lack of presence there is due to impotence.
It's due to these 2 jerking each other off since WWII. China always makes the best goods at unbeatable prices, which require protectionist measures against lest they decimate every aspect of every Western country. You've spent your entire argument on the dumbass circular logic of, "I ban you from competing in my economy (because you are too competitive you'd kill the local industry). And I conclude from your absense here that you are naturally not competitive."
Intel was on the technological frontier until 2018-ish when tsmc came out with 7nm. That the U.S. is generally on the technological frontier means there are of course, exceptions.
If you don't consider Intel today to be on that frontier simply because they are not leading, then there would be so many areas where the US is not doing better than Intel that it would most likely not be on the frontier in a general sense. But rather, if you count Intel as on the frontier due to its large presense and somewhat high standing compared to the global average in chip manufacturing, then the US could be said to generally be on the frontier. Of course there is nothing to compete with a China that will command every aspect from making the lithographs to delivering the chips, but you don't have to rival the hands down best to be generally on the frontier.
The standard is substantial market presence and any exporter is inherently competitive (foreigners have no obligation to buy anything). That China can’t duplicate even half of euro area exports indicates that China is far from the technological frontier
1. Where do you get your 50% from?
2. Everytime the West plays the, "You can't duplicate this so we'll ban it" card, it gets broken and China makes it. Still haven't learned to keep your mouth shut, have you?
(and is what other evidence points to as well - low GDPPCs
Developing country, duh. Already eating the lunches of the G7. A kid bigger than your adults.
and F500 firms from China mostly being smokestack SOEs)
SOEs serve the people. Your private corporations rob and enslave the people.
Yes. People need to dig really deep to find products that don’t have complementarities. And this is the EU, not even the U.S. (with substantially more technical complexity and product lines).
Prove it. Prove the 50% both ways. Nobody else makes these claims. And if you can duplicate these things, try to do it. God knows you don't buy from China to support our businesses. So far, the only direction this has been going is China exporting more and more high tech abroad and Chinese tech firms taking more and more market share at home.