Chinese Economics Thread

[Xizor]

Must be cautious about foreign interference in the Financial Markets of China. If played right, a foreign country can systematically weaken the health of financial markets and on the long term make certain Financial policy making (and therefore Government policy including defence budgets) cumbersome and difficult.

 

[Jura The idiot]

I was tired
Yesterday at 10:35 PM

Jul 15, 2018
think I have posted posted 2018 figure, too, but can't find that post right now, anyway it's 14.65 million for 2019:

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was curious: "around 15.2 million" in 2018 according to

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EDIT this topic has actually interested me for some time, as in Mar 27, 2018

but now checked it's true what I thought:

the number of births last years was significantly lower than during so called one-child policy around 2010, when it used to be kept approximately constant at around 16 million

 

[Jura The idiot]

even "miracles" inside this
Commentary: A milestone for China and world economy
Xinhua| 2020-01-17 22:17:28

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[AssassinsMace]

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There's always talk about a gang-up against China by Western allies but what does that mean? They talk about the evils of Chinese technology but that's not against the law especially since the US is doing what they accuse China. Just don't buy it but then that's what the US has always done yet still not enough to stop China. Chinese rivals are where they're at from Chinese being their number one customers. So what is a gang-up going to do? Yeah they can get allies to not supply parts but then they won't be making money at the same time. It's a race against time until China makes the parts themselves and it's only going to happen faster for any country that entertains going along with the US. And what Trump has shown, he's not loyal to allies. US allies have kept their China card close to them when dealing with the US. Are developing countries not going to sell their raw materials to China betting on the US when Americans think they don't need anyone, while everyone needs them? The world economy hums because of China not the US. They only thing left is a full military blockade to prevent anything going in or out of China because China doesn't bend the knee. Also not a crime. The US doesn't have the money to buy everyone off not to do business with China. Like I said before... the only way they can stop China is to commit war crimes and acts of war.

 

[Gatekeeper]

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.

Which is why most of the western world is forcing private/company pensions on people. Because they know the state can't/won't be able to afford state pensions, (and let's face it, it's crap anywhere. In the UK, it's about 160 pounds per week Max).

So in the UK, employers have to provide pensions scheme for employees even if they only employ one person.

 

[Gatekeeper]

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.

Don't be upset! The key to debating on internet is NEVER takes it personally or to heart!

 

[Gatekeeper]

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

Is not as bad as it sound. Its not good, but it's normal. I mean. You said you are a home owner, I'm a home owner too, I remember my first mortgage (debt) was 3 time my annual salary. That's 300% of my GDP.

 

[Gatekeeper]

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 ?

As I mentioned earlier, the solution is to move people of state pension that is funded by future generation. In that way, you don't have to have babies. But you have to forgo some of your own consumption now to fund it. Either way, our generation got the short straw!

 

[Jura The idiot]

... this topic has actually interested me for some time, as in Mar 27, 2018

... so now this:
Propaganda and sexism prove powerful contraceptives for Chinese women
China’s push for more births fails to convince a generation of only-children

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in parts it's sad, in parts it's upsetting;

plus contains this impressive thought: "A government ... struggles with stepping away from the idea of social engineering." (the fifth paragraph from the bottom)

 

[Dolcevita]

... so now this:
Propaganda and sexism prove powerful contraceptives for Chinese women
China’s push for more births fails to convince a generation of only-children

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in parts it's sad, in parts it's upsetting;

plus contains this impressive thought: "A government ... struggles with stepping away from the idea of social engineering." (the fifth paragraph from the bottom)

Seems like you are a sucker to western propaganda. sad for you.