But in 10 year's time, it should still be favourable for China to wait another 10 years as it continues to grow bigger.
China can aim to be 2x and then 3x bigger than the US.
American Economics Thread
- Thread starter Bernard
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But in 10 year's time, it should still be favourable for China to wait another 10 years as it continues to grow bigger.
China can aim to be 2x and then 3x bigger than the US.
The top is in. Say goodbye to the American stock market and your IRA.
Haha. There economist must be in lala land because the economist seem to get it wrong so much that they should quite frankly be fired right now. The only expectation I have is that the stock market will crash sooner or later and all hell breaking loose, that’s it
The 1.9 trillion stimulus would surely help China and many developing nations' export sector.
The would mean the US running a federal budget deficit of 11% of GDP this year
If the US does pass such a spending bill, yes, there should be a spending boom.
But the US growing at 6.5% seems way too high. Plus the consensus estimate for China is 8.5%, so China is looking to slow down its growth this year to prevent overheating.
So I reckon China will still be contributing to more to global growth.
In any case, this will be a one-off year as growth rates should be back to normal next year.
Yeah, I just don't see the US being able to source goods reliably from non-Chinese sources.
The shipping companies are transferring capacity to Chinese services whilst cutting them elsewhere.
Chinese ports are back to normal operations and are paying the highest freight rates.
And even prior to the pandemic, Chinese ports had spare capacity for more containers.
It's the receiving ports in Europe and the Americas that can't handle the import boom.
If those ports could unload and load containers faster, then ships wouldn't be wasting a week waiting to dock.
That would increase shipping capacity dramatically and also solve the container shortage in China.
I think for the next 10months, trying to source goods from India or SE Asia will be difficult, given that China is sucking in all the spare shipping and container capacity.
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AssassinsMace
Lieutenant General
It seems that there's some organized propaganda afoot. First there's a lot of stories about about China isn't as powerful as people believe. Then there's a lot of stories of how China can't match the US militarily. And now there's all these stories how the US will lead the world economically out of COVID by the end of the year. That's the narrative they want out there. They want to get the world away from the notion that Trump negatively changed the world because that was the big worry.
Mostly China. But China needs to put those dollars to use or into commodities before dollar devalues more.
I used to think the F35 program was expensive.
But seeing how they're printing money now, 1000 F35's for $1 trillion seems like a good deal.
That said with dollar devaluation/inflation, the program might end up costing $10 trillion for all we know.
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So Greta Thunberg, notorious anti Chinese environmentalist, is in talks with notorious eco-terrorist Ted Kaczynski.
Any time one of these puppets talks about "climate change", remember that they are pushing an agenda on the non-white world, the agenda of a man who hates industrial civilization itself...
Any time one of these puppets talks about "climate change", remember that they are pushing an agenda on the non-white world, the agenda of a man who hates industrial civilization itself...