Chinese Economics Thread

[horse]

Regarding so called weak rules or human rights or IP or environmental protection. Remember that in ASEAN only Singapore and Brunei that has higher GDP per capita than China. This implies that they might prefer the rules to be lax because they need to focus on the development first. So the weak rules are not some Beijing plot or something like that.

P.S. This shows some weakness of Asian pundit/observer that try to relate every action and policy to China without considering their independent needs. Ultimately strategic empathy is required.

I am a simple man.

All I see is butt hurt.

They complain (Liberal media) that the China lead agreement, lacks the rules of the would be agreement that failed to materialize.

A agreement involving China, such as RCEP, is not as good as the non-existent agreement of TPP.

That makes sense in the world of the traditional aristocrat, who lost their fortune and is broke and no longer in control.

 

[horse]

P.S. This shows some weakness of Asian pundit/observer that try to relate every action and policy to China without considering their independent needs. Ultimately strategic empathy is required.

Strategic empathy?

What is that? Guess I am really just a simple man.

All I see is them playing cowboys and Indians.

 

[OppositeDay]

Farmers will needs some forms of protections to ensure food security for any country, even for very developed, rich and efficient Japan.
According to the Globle Post " Japanese agriculture is among the most heavily protected in the world. The import tariff on rice, sugar and wheat is 778 percent, 305 percent and 252 percent, respectively. Duties on butter, cheese, peanuts and skimmed milk range between 737 percent and 218 percent. Over 100 agricultural items are protected by a tariff of over 200 percent."
And the excuse to protect and aid Japanese rice farmers from imports is based on the premise that rice plays a central role in Japanese culture, and without protection, the industry would collapse. Yes over 700% import tafiff!
Don't know what effects RCEP will have on Japanese agriculture.

Rural Japan are hereditary fiefs for LDP's political dynasties. So yes Japanese agriculture will be protected, but it has less to do with food security than politics.

 

[sinophilia]

I saw this chart before:

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View attachment 65576

Kinda bullshit to think India's GDP PPP will be 80% of China's by 2050. Why their GDP growth accelerates IDK.

China PPP by 2035 might even be as high as $50 trillion if it doubles by then.
View attachment 65577

Check IMF GDP numbers. According to them:

India's PPP GDP declined by almost $900 billion from 2019 to 2020
India's nominal GDP declined by almost $400 billion from 2019 to 2020

 

[sinophilia]

The West never mentions how minorities like Uyghurs are free to have many kids as they want

How is this a good thing? Extremely incompetent decision-making.

 

[hullopilllw]

I feel the reason why China beating the COVID crisis is more to do with the fact the Chinese government respects science and human lives and put them above economical and political interests. Centralized and decentralized approach is only secondary in this matter.

Even though the number of small farms in the US have been dwindling for decades, many of them still survive. Don't underestimate small farm's ability to survive. No need to destroy millions of small farms and put Chinese food security into play just to accelerate the dominate of corporate farms.

1. Lack of political power play. In the US party politics has evolved to such position of importance that political score is priorities over actual national interest. Remember how Jared stopped federal support for Dem states in hope of losing them political support from voters ?

2. Collective thinking that place interest of everyone above personal need. In US, personal opinion and freedom are above all, thus total chaos ensue.

The failure of US is not to be blamed solely on Trump's admin or Republican party, it is a whole-of-society failure.

 

[localizer]

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The cost to ship a container from China to the U.S. East Coast, a key global retail market, topped $4,750 this week, up 42% since July and a new record, according to Freightos data in Refinitiv Eikon. FREIGHTOS-CN-USEC

The China to U.S. West Coast rate FREIGHTOS-CN-USWC is up nearly 50% since July 1, to $3,878 per container.


“The transpacific route from Asia to the U.S. has seen the strongest demand surge, with volumes growing by between 10% to 20% more than last year, but we are seeing the high demand spill over into all trade-lanes currently,” said Tan, adding that demand is projected to stay firm until the first quarter of 2021.

America first is really China first it seems.

We will never forget Trumps heroic sacrifice for the Chinese people and CCP.

 

[AssassinsMace]

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And in the US, concentrating on just the stock market to claim a booming economy doesn't make it true... They just can't believe how China can do well while they aren't. Why don't they employ the same tricks as China to bolster the economy when they're already spinning how well they're doing and yet China succeeds at it and they fail.

 

[localizer]

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And in the US, concentrating on just the stock market to claim a booming economy doesn't make it true... They just can't believe how China can do well while they aren't. Why don't they employ the same tricks as China to bolster the economy when they're already spinning how well they're doing and yet China succeeds at it and they fail.

 

[gelgoog]

...
And in the US, concentrating on just the stock market to claim a booming economy doesn't make it true... They just can't believe how China can do well while they aren't. Why don't they employ the same tricks as China to bolster the economy when they're already spinning how well they're doing and yet China succeeds at it and they fail.

Printing money, or even worse just increasing numbers on an electronic balance sheet, sending it to the banks which then dump it into the stock market isn't economic growth. It's just paper. It's inflation. It has not quite reached the regular consumers because most people don't invest in the stock market. So since people still have little money to pay for consumer items, those can't inflate as much.