Chinese Economics Thread

[AssassinsMace]

That's also assuming all of them will have middle class jobs. Anybody see how Jeff Bezos while in India said the US-India relation is the most important for the future of the world? Funny how Jack Welch, former CEO of GE, when in India about a decade ago also said the same thing. That's also a problem with India is they value superficial titles more over substance.

The irony is if it weren't for China's rise, the West would have never seen India being able to accomplish any of it. They're only positive because they believe India being a democracy having an advantage over China . How long has India been a democracy when China never has been...?

 

[localizer]

It's a miracle China didn't end up like India.

It's not just the quantity of population, but the quality of it. Having 1.4 billion literate and well educated people is much better than 1 billion peasants that live on farming just enough to survive.

India will squander their population dividend if they can't keep them fed and educated. A billion poor is actually a drag on the economy.

Considering automation and AI coming out, having a smaller population is actually good. There just won't be that many manufacturing jobs to go around.

I know many Indians that have been to China say:

“If US doesnt give me visa then China will do”

 

[localizer]

cmon man it's obvious he's trolling

 

[ZeEa5KPul]

Although it is good to have a better grasp on shaping the public opinion of your population, things like money, law, etc.. are all secondary functions compared to the ultimate and final law of power. That power lives only in science.

Science and technology is China's state religion.

 

[Chish]

and who is going to pay/take care of you when you reach elderly?

Exactly, what is the solution? Have two kids, but me and wife will not/can not dependent on them. They are grown up now and working but we still support them with housing and finance when required. House prices, cost of living in Australia just keep going up and up. New working youngsters are struggling. So when I reach retirement age in a couple of years time, I hope my kids can stand on their own, let alone support me. When I reach retirement age, I may qualified for some pension, a little Superannuation (not much) and some savings and cheap health care. I may be considered to be the lucky one because I have no debts to worried about and own my own house. The average Australian household debt is 200% of GDP! Australians are already living on borrowed monies.

 

[Chish]

That's also assuming all of them will have middle class jobs. Anybody see how Jeff Bezos while in India said the US-India relation is the most important for the future of the world? Funny how Jack Welch, former CEO of GE, when in India about a decade ago also said the same thing. That's also a problem with India is they value superficial titles more over substance.

The irony is if it weren't for China's rise, the West would have never seen India being able to accomplish any of it. They're only positive because they believe India being a democracy having an advantage over China . How long has India been a democracy when China never has been...?

Democracy do works in China, just not in the western ways. Authoritarian also works in the West, just ask Trump.

 

[MrCrazyBoyRavi]

cmon man it's obvious he's trolling

Why are u saying I am trolling? I am very sympathetic regarding China, although I love USA too. I defend topics regarding China despite me being a Nepalese. But looking at past few years, topics regarding China, I am really upset.

 

[Chish]

Exactly, what is the solution? Have two kids, but me and wife will not/can not dependent on them. They are grown up now and working but we still support them with housing and finance when required. House prices, cost of living in Australia just keep going up and up. New working youngsters are struggling. So when I reach retirement age in a couple of years time, I hope my kids can stand on their own, let alone support me. When I reach retirement age, I may qualified for some pension, a little Superannuation (not much) and some savings and cheap health care. I may be considered to be the lucky one because I have no debts to worried about and own my own house. The average Australian household debt is 200% of GDP! Australians are already living on borrowed monies.

Correction. The last sentences should be " Total household debt is 200% of GDP "

 

[antiterror13]

Exactly, what is the solution? Have two kids, but me and wife will not/can not dependent on them. They are grown up now and working but we still support them with housing and finance when required. House prices, cost of living in Australia just keep going up and up. New working youngsters are struggling. So when I reach retirement age in a couple of years time, I hope my kids can stand on their own, let alone support me. When I reach retirement age, I may qualified for some pension, a little Superannuation (not much) and some savings and cheap health care. I may be considered to be the lucky one because I have no debts to worried about and own my own house. The average Australian household debt is 200% of GDP! Australians are already living on borrowed monies.

true ... I meant not directly supported by your children ... but youngsters eventually would "pay" (via tax) your pensions, cheap health care, cheap transportation, etc.

If people stop having babies (or less), the tax from youngsters wouldn't be enough to support more and more elderly that live much longer now

The solutions? ... I am not sure ... perhaps robots and AI ?

 

[Tam]

Let me see.

When the Trump administration just started, Xi offered $250 billion of purchases from the US to help improve relationships with the new administration. That was before the trade war. That's a setback of $50 billion. This seems like Xi gave this offer to Trump, take it or leave it.

US forcing China to buy what China desperately needs, which is oil, grain and pork.

US pushing China for better IP protection, which China plans to do so anyway. Notice all the Huawei and all those 5G patent filings? Ever notice that China has 26,000 patents dealing with rare earths mining, processing, separation, and refining. Notice that China is leading in patent filings recently?

China opens up its financial markets for the US to invest more in. Great, more US money thrown into China, and less money invested in the United States.

As this happens, China's holdings of US Treasury bonds continue to dip further.