Everyone ends up touting the same set of Chinese corporates - BYD, CRRC, Huawei, occasionally SMIC - as evidence of China being on the technological frontier (with most every other Chinese corporate struggling with a bevy of nonfunctional requirements - yield, reliability, scale, price, etc) but if anything, it just indicates how very thin China’s technological capabilities are - in that everyone ends up referencing precious few sectors - 5G, EVs, green energy, and maybe a few others as to where China is leading compared to the tens of thousands of product lines and hundreds of high-tech sectors existent
Those are the most important sectors in modern technology. Any other sectors that are very important, we are peer with the US so we don't mention them as things that we dominate. There's no technological sector of any importance that the US commands over China or it would have used that to defeat us in the trade and tech wars, the former of which China already served up an American defeat and the latter one isn't on the table yet but you see the waiter coming out of the kitchen with it.
Sure: America is collapsing because of all the paycheck to paycheck living^TM, or the federal interest expense^TM, or survey data about a civil war^TM, or whatever.
Oh no, did I say that? We're gonna have to add reading comprehension to your list of deficiencies I see... I said there are far more things in America that would warrant collapse jitters than in China. I was originally talking about debt but your capital building was ransacked by the rioting masses and a presidential candidate was the target of 2 assassination attempts in 2 months... that's not what happens in stable countries.
China is not a “peer-level competitor” to the US in any aspect and will not be for at least another 1-2 decades (even assuming China sustains the same growth trajectory as the Tigers did).
That's probably because you're so uneducated about China, you think we're 10% the global population and 10% the GDP. That's also why you keep making the Tigers comparison even though it's been repeatedly debunked. Your old "brain" is unable to cope with the fact that you don't know anything about the real China but is happily stuck on a false image you've created to soothe yourself. We're actually above peer to the US in real GDP PPP and peer in technologies. I need cite no companies; the fact that you lost the trade war to us and have no path to victory in the tech war is proof. To say you are peer-level is actually a courtesy; we are meeting each other as we go up and you go down.
After all, Taiwan and Hong Kong, which are notionally parts of China are U.S.-China irritants.
How does this even fit into the conversation? Those problems are relics of WWII and prior to WWII, a China you much prefer to the modern one.
Sure - but that’s only because China is a middle-income country with substantial gains from capital deepening.
That's an excuse. How many countries are middle-income and have no chance of moving like China? China develops at its pace regardless of what IMF classification or what else. It is because Chinese people are the most dedicated, STEM-focused and high-achieving people in the world that our rank in GDP and technology continuously rises compared to every country in the world from rich to poor.
GDP PPP adjustments are dumb because it’s “if you consider that poor countries aren’t on the technological frontier, they are actually rich”.
No, you're dumb because you want to value an apple grown in the US at double one grown in China. The price of tech is very globalized at its roots; it has very little influence on overall PPP. It's the common goods and services created by everyone as they make a living that makes up GDP PPP.
Trying to adjust out Baumol when Baumol is the channel by which economic development happens is peak silliness.
You not actually knowing how to apply the Cost Disease yet voluntarily discussing it at your own detriment is peak.... OK
near peak retardation (let's be honest, you've said way stupider things on several occasions). It means that China's economy is actually larger than it seems in comparison to America's because America's economy is heavily inflated by increases in non-productive service sectors.
I really hope that every single overpaid stooge in D.C. has the same chain of thought that you have.
They don't; they're all scared shitless and that's why the US is tearing up world economy and all the globalization it built trying to stop China from running it over. If they all thought China was back down at 10% and would fizzle like the Tigers, we'd all be fat and happy with no conflicts.