Once again the rule-based order did not disappoint.
Miscellaneous News
- Thread starter bd popeye
- Start date
Not to mention the Chinese government owns significant amount of income generating assets such as SOEs and sovereign wealth funds whose total value far exceeds the total value of its debts.
The assets of State-owned enterprises (SOEs) totaled 371.9 trillion yuan ($52.37 trillion) at the end of 2023, according to a State Council report submitted for deliberation at an ongoing session of the National People's Congress Standing Committee.
The assets of financial SOEs stood at 445.1 trillion yuan at the end of last year, and State-owned assets in administrative departments and public institutions came in at 64.2 trillion yuan.
China's debt situation is similar to that of Singapore. Singapore has one of the highest government debt to gdp ratios of >170% (far higher than that of China) but is also universally considered to be in one of the best financial shapes. We never hear anyone raising the alarm about Singapore's extremely high debt to gdp ratio because Singapore's government owns income generating assets worth many multiples of its debt, but somehow people just totally forgets about government assets when talking about China's much more modest debt.
NSA hacked them through iMessage. APPLE, It's really hard to not think you have "missed" those 0 click exploits as backdoors.....
Don't know if this was posted here yet, but I see Westerners have been in pandemonium about this all week.
Some people dropped truth bombs that while stuff like MiHoYo and the Bilibili otaku subculture in China is moderately succesful in the West, in Asia particularly Taiwan that stuff is huge amongst Gen Z and bigger than anything culturewise being exported into Mainland China. There's also the fact that at this point the DPP's propaganda on China accounts to crying wolf and they don't have legitimacy due to poor handling of the economy.
To me this is why China can afford to be patient on Taiwan. Much has been said of Russia's soft power failure leading up to the Ukraine war, that even with the common culture and Ukraine's backwardness Russia didn't do enough to broaden its appeal to the Ukrainian populace, as such most still preferred to lean towards to the EU and saw countries like Germany as the model to emulate instead. Yes, obviously there was copious amounts of CIA propaganda, but that doesn't discount the fact that Russia didn't do anything soft power wise to further its own cause.
China on the other hand is winning the hearts and minds of younger generations with its multilateralism, improving cultural exports, and being generally well run while the liberal democratic world falls to right wing governments that have nothing to sell but fear and anger, including the current DPP.
Some people dropped truth bombs that while stuff like MiHoYo and the Bilibili otaku subculture in China is moderately succesful in the West, in Asia particularly Taiwan that stuff is huge amongst Gen Z and bigger than anything culturewise being exported into Mainland China. There's also the fact that at this point the DPP's propaganda on China accounts to crying wolf and they don't have legitimacy due to poor handling of the economy.
To me this is why China can afford to be patient on Taiwan. Much has been said of Russia's soft power failure leading up to the Ukraine war, that even with the common culture and Ukraine's backwardness Russia didn't do enough to broaden its appeal to the Ukrainian populace, as such most still preferred to lean towards to the EU and saw countries like Germany as the model to emulate instead. Yes, obviously there was copious amounts of CIA propaganda, but that doesn't discount the fact that Russia didn't do anything soft power wise to further its own cause.
China on the other hand is winning the hearts and minds of younger generations with its multilateralism, improving cultural exports, and being generally well run while the liberal democratic world falls to right wing governments that have nothing to sell but fear and anger, including the current DPP.