China's zhejiang province to establish a childbirth subsidy system.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
Westernization of the economy would be charging 2K USD for ambulance rides and counting prostitution/drug dealing as part of the GDP.
We're gonna win so much, you may even get tired of winning. And you'll say, 'Please, please. It's too much winning. We can't take it anymore. Mr. President, it's too much!
We need a new version of "not so deep, I am a nuclear superpower" . With an American flag
Boosting consumption seems like the right approach, though I find it funny given that this has long been a Western demand of China. But what other choice did they have? Here's consumer confidence:
Even getting back to 2015-16 levels would be an improvement. China's industrial sector has been beating all kinds of records but their consumers have been left behind.
Part of the issue is very high savings rates.
Moving from 33% of household savings rate to ~20% would do a lot. But a major issue is China's relatively weak pension system. People save that much because they cannot count on much state support in their old age. So if the govt wants to boost consumption, they must first tackle the reasons why Chinese people save that much (uncertainty and insecurity in old age). But Xi has long been skeptical of a "welfare state". So it will be interesting to see how they thread this needle.
Even getting back to 2015-16 levels would be an improvement. China's industrial sector has been beating all kinds of records but their consumers have been left behind.
Part of the issue is very high savings rates.
Moving from 33% of household savings rate to ~20% would do a lot. But a major issue is China's relatively weak pension system. People save that much because they cannot count on much state support in their old age. So if the govt wants to boost consumption, they must first tackle the reasons why Chinese people save that much (uncertainty and insecurity in old age). But Xi has long been skeptical of a "welfare state". So it will be interesting to see how they thread this needle.
Nah, she needs to wear a MAGA hat.We need a new version of "not so deep, I am a nuclear superpower" . With an American flag
Seems like China's fuels demand has flatlined due to massive replacement of demand via EVs, HSR and metro.
2025 demand is forecasted to remain in the historial range of 8 mb/d. Notice that jet demand will continue to increase, but it is more than offset by EV/Rail/Metro. Everything above the gray line are offsets.
An economy growing at 5% per year while seeing no new fossil fuels demand is obviously not only impressive but more importantly great for the planet.
Source:
2025 demand is forecasted to remain in the historial range of 8 mb/d. Notice that jet demand will continue to increase, but it is more than offset by EV/Rail/Metro. Everything above the gray line are offsets.
An economy growing at 5% per year while seeing no new fossil fuels demand is obviously not only impressive but more importantly great for the planet.
Source:
