China's Defense/Military Breaking News Thread

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Jono

Jono

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the US global hegemony stands on 3 feet which are also interdependent and work hand in hand.
military supremacy buoyed up by a massive military budget,
economic supremacy propped up by dollars being the only global reserve currency, and
technology supremacy.
technology supports a military machine which aids in global economic dominance-->world domination.
anyone who dares to challenge the dollar dominance will be severely punished, see what happened to Saddam and Gaddafi who tried to bring in petroEuros.
China is wise not to overspend in its military budget as a developing economy, but I agree China can now afford to spend 2% of its GDP comfortably on this. Also there is a fresh impetus, given the bi-partisan hostility towards China from US, and the need for a Taiwan solution which can no longer be put off for too long.
Mods please pardon me if I have ventured off topic.
 
Jono

Jono

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Xsizor said:
@ansy1968 I think most economists are "concerned" about Chinese corporate debt - which is indeed quite high.

I don't know much about that subject so I don't even have a good idea about the lay of things ( corporate debt in China) or how to predict its future. China's SOE and Private sectors both seem to operate on high borrowings and shocks to the system can cause unwanted problems. But to what extend the same SOE and PPP bolster employment numbers, GDP growth etc is unknown. The state seems to be OK with all this. It's definitely not sustainable and the gamble here is the hope that they become successful revenue/profit/employment generating entities.

Maybe other means members can better explain the issue.
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Debt to GDP Ratio by Country 2021​

What countries have the largest debt in the world? Here is a list of the top ten countries with the most national debt:
  1. Please, Log in or Register to view URLs content!
    (National Debt: ¥1,028 trillion ($9.087 trillion USD))
  2. Please, Log in or Register to view URLs content!
    (National Debt: €332.6 billion ($379 billion US))
  3. Please, Log in or Register to view URLs content!
    (National Debt: €232 billion ($264 billion US))
  4. Please, Log in or Register to view URLs content!
    (National Debt: €2.17 trillion ($2.48 trillion US))
  5. Please, Log in or Register to view URLs content!
    (National Debt: $2.33 billion (USD))
  6. Please, Log in or Register to view URLs content!
    (National Debt: €18.95 billion ($21.64 billion USD))
  7. Please, Log in or Register to view URLs content!
    (National Debt: €399.5 billion ($456.18 billion USD))
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    of America (National Debt: $19.23 trillion (USD))
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    (National Debt: €1.09 trillion ($1.24 USD))
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    (National Debt: $350 billion ($254 billion US))
Japan, with its population of 127,185,332, has the highest national debt in the world at 234.18% of its GDP, followed by Greece at 181.78%. Japan's national debt currently sits at ¥1,028 trillion ($9.087 trillion USD). After the stock market crashed in Japan, the government bailed out banks and insurance companies and provided them with low-interest credit. Banking institutions had to be consolidated and nationalized after a period of time and other fiscal stimulus initiatives were used to help reboot the struggling economy. Unfortunately, these actions caused Japan’s debt level to skyrocket.
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’s national debt is currently 54.44% of its GDP, a significant increase from 2014 when the national debt was at 41.54% of China’s GDP. China’s national debt is currently over ¥38 trillion (over $5 trillion USD). An International Monetary Fund report from 2015 stated that China’s debt is relatively low, and many economists have dismissed worries over the size of the debt both in its overall size and relative to China’s GDP. China currently has the world’s largest economy and the largest population of 1,415,045,928 people.
 
In4ser

In4ser

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Jono said:
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’s national debt is currently 54.44% of its GDP, a significant increase from 2014 when the national debt was at 41.54% of China’s GDP. China’s national debt is currently over ¥38 trillion (over $5 trillion USD). An International Monetary Fund report from 2015 stated that China’s debt is relatively low, and many economists have dismissed worries over the size of the debt both in its overall size and relative to China’s GDP. China currently has the world’s largest economy and the largest population of 1,415,045,928 people.
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Xsizor is referring to corporate debt which is a concern because China does have a lot. However, China has been using the pandemic as an opportunity to deleverage, while Wall Street has been building up corporate debt.

In general China's financial markets are underdeveloped compared to the US but that can be a good thing as businesses' growth tend to be focused more on actual productivity gains rather than speculation.

When there is easy credit from hot money it is a bad thing because bad money chases out the good money from people trying to making greater and greater bets because the risk is low at the time. When compared to the US, businesses IMO are overvalued as the Fed has been printing money that has been inflating asset and stock valuations giving US companies excess capitalization which they will suffer once the taps are turned dry or interest rates go up. However, I'm an inflation hawk so that may not happen but if I'm right, America has other serious problems to worry about.
 
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A

antiterror13

Brigadier
Jono said:
the US global hegemony stands on 3 feet which are also interdependent and work hand in hand.
military supremacy buoyed up by a massive military budget,
economic supremacy propped up by dollars being the only global reserve currency, and
technology supremacy.
technology supports a military machine which aids in global economic dominance-->world domination.
anyone who dares to challenge the dollar dominance will be severely punished, see what happened to Saddam and Gaddafi who tried to bring in petroEuros.
China is wise not to overspend in its military budget as a developing economy, but I agree China can now afford to spend 2% of its GDP comfortably on this. Also there is a fresh impetus, given the bi-partisan hostility towards China from US, and the need for a Taiwan solution which can no longer be put off for too long.
Mods please pardon me if I have ventured off topic.
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Most (if not all) Chinese military budget is spent within domestic market, so is a good think to increase to 2% GDP (which would be $300B) as it would a great impact to Chinese economy ... kind of like QE
 
Gatekeeper

Gatekeeper

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KYli said:
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avatar1234 said:
I get a feeling the Western media will be citing these kind of articles and making them look as if they're a sign of China gearing up for war...
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Temstar said:
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Eagerly waiting for more info about this.
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davidau said:
Would not be surprised as Western media are shameless to incite fake news to demonise China, whenever chance they get.
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All propaganda to make China the boogeyman again.

Take that SCS for example. It keep a lauding the international court has ruled China's claim illegal and illegitimate. Blah blah blah. It keeps repeating this every chance it gets. And of course readers are going to believe that. But strangly, they fail to mention the ruling dished out was from a kangorro court paid for by the U.S. with a Japanese as the head judge. You just can't make this up.

Further, they also harp on about how US is following UNCLOS, yet conviently failed to mention the U.S. was never a signatory of this UNCLOS and therefore have no part to play in the interpretations of this law.

And after alll that, the western countrues uses SCMP and Aljazeera ti do its talking. Propaganda at it's best.
 
Xizor

Xizor

Captain
Registered Member
Gatekeeper said:
All propaganda to make China the boogeyman again.

Take that SCS for example. It keep a lauding the international court has ruled China's claim illegal and illegitimate. Blah blah blah. It keeps repeating this every chance it gets. And of course readers are going to believe that. But strangly, they fail to mention the ruling dished out was from a kangorro court paid for by the U.S. with a Japanese as the head judge. You just can't make this up.

Further, they also harp on about how US is following UNCLOS, yet conviently failed to mention the U.S. was never a signatory of this UNCLOS and therefore have no part to play in the interpretations of this law.

And after alll that, the western countrues uses SCMP and Aljazeera ti do its talking. Propaganda at it's best.
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The UNCLOS and US still takes the cake for being the most asinine.

Baffles me.
 
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