Chinese Economics Thread

[In4ser]

Personally I’m in favor of using stimulus creating more state run boarding schools. Parents are already busy and education is expensive that much of the effort and costs can shifted to the state to take of kids from morning til night during the weekdays.

Instead of having parents pressure them to going to cram schools or extra homework, the state can limit hours outside of the classroom to free time in extracurricular activities and learn life skills like cooking, sewing, camping and socializing. This already happens in poor and minority communities why not apply to major cities and reserve a portion of top school admission to for state run boarding school graduates.

This will relieve the rat like race to the bottom pressure from the parents b/c they’re less involved and encourage students to be more independent as well as allowing better scaling of costs.

Moreover as these population aged can repurposed as retirement communities and even better if mixed as hybrids for young kids to learn from elders and they assist the elderly with physical tasks and provide companionship to old people who tend to be bored and lonely.

 

[Quan8410]

Chinese government obviously want to boost consumption but it is harder to do cash stimulus in China compared to some countries like US. The Chinese has way higher saving ratio compared to the American. A lot of stimulus will just sit in banks or in real estate rather than go into the economy.

 

[Nevermore]

Chinese government obviously want to boost consumption but it is harder to do cash stimulus in China compared to some countries like US. The Chinese has way higher saving ratio compared to the American. A lot of stimulus will just sit in banks or in real estate rather than go into the economy.

In China, middle-aged people and elderly people in cities have large savings, but the young people who have the strongest desire to consume have no money at all.

 

[Quan8410]

In China, middle-aged people and elderly people in cities have large savings, but the young people who have the strongest desire to consume have no money at all.

Even if they want to consume, they (especially men) still have to save a lot for marriage and housing, which are still very expensive despite the property meltdown, not to mention high youth employment right now.

 

[tamsen_ikard]

Chinese government obviously want to boost consumption but it is harder to do cash stimulus in China compared to some countries like US. The Chinese has way higher saving ratio compared to the American. A lot of stimulus will just sit in banks or in real estate rather than go into the economy.

I don't think Chinese govt should give cash to everyone. Its better to give cash to people who have children. That will boost child birth.

 

[wuguanhui]

Just tax anyone childless to pay for these subsidies. If you aren't raising your own children, then you will help raise other people's children.



My other brilliant genius ideas include:

Ban game consoles and porn for unmarried men.
Ban romance novels for unmarried women.
Ban pet ownership or tax it ruinously. Dogs are an alternative to lamb, not an alternative to children.

Get those AI companies to develop an AI matchmaker to assign compatible state issued boyfriends to all single women.
State subsidized cosmetic surgery for the irredeemably ugly.
Anyone not married by 25 is required to perform public self criticism.
Anyone not married by 35 will be publicly caned.

Demographic problems are easy to fix.

 

[Maikeru]

Just tax anyone childless to pay for these subsidies. If you aren't raising your own children, then you will help raise other people's children.



My other brilliant genius ideas include:

Ban game consoles and porn for unmarried men.
Ban romance novels for unmarried women.
Ban pet ownership or tax it ruinously. Dogs are an alternative to lamb, not an alternative to children.

Get those AI companies to develop an AI matchmaker to assign compatible state issued boyfriends to all single women.
State subsidized cosmetic surgery for the irredeemably ugly.
Anyone not married by 25 is required to perform public self criticism.
Anyone not married by 35 will be publicly caned.

Demographic problems are easy to fix.

Beer is much cheaper and has been working for 1000s of years.

 

[pbd456]

Even if the young has money, it could just displace their domestic spending,and increase in foreign travel

 

[broadsword]

Chinese government obviously want to boost consumption but it is harder to do cash stimulus in China compared to some countries like US. The Chinese has way higher saving ratio compared to the American. A lot of stimulus will just sit in banks or in real estate rather than go into the economy.

One way to ensure the stimulus handouts are used up is to set an expiration date, as done in Singapore. Nonetheless, I'm sure the Chinese government has already figured this out.

 

[Iracundus]

Chinese government obviously want to boost consumption but it is harder to do cash stimulus in China compared to some countries like US. The Chinese has way higher saving ratio compared to the American. A lot of stimulus will just sit in banks or in real estate rather than go into the economy.

That's why I think it should be more like a rebate. Consume then claim the money back. Otherwise money will just get put into assets like real estate or sit in savings accounts, rather than circulating in the economy.