Chinese Economics Thread
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escobar
Brigadier
This is a deal where US gives china basically nothing and gets a lot.
China needs to swap its dollar reserve for something. 200 billion isn't even 1/5th of China's dollar reserve. If there is a cold war to be fought, all of those 1.2 trillion needs to go. And if China can help it, it is better to take it out in goods (especially when prices are low) than to let the Americans default and have to freeze US assets which would enrage Washington even more.
Lol all $2T dollar forex + $1T treasuries need to go.
So it was more than I thought it was then...
Just watched this on the "impartial" BBC. now, with the largest student group by far of any country, 5 times bigger than the next group, India. You would have thought this is a positive bit of good news for the UK economy, and these students should be welcomed.
Alas, no! The news reported as negative because of the "undue influence" on the university's purse string! And then, of course, there's the obligatory "undue influence" on the "freedom of speech" and on the students from Hong Kong. Gee!
"But MPs have warned that universities are naive in underestimating the influence of the Chinese government on campus."
Alas, no! The news reported as negative because of the "undue influence" on the university's purse string! And then, of course, there's the obligatory "undue influence" on the "freedom of speech" and on the students from Hong Kong. Gee!
"But MPs have warned that universities are naive in underestimating the influence of the Chinese government on campus."
manqiangrexue
Brigadier
8% of US students scored top tier in math because of the Asian kids in the US LOL
Someone in the comments added without a citation, "In 2018, China had more than 8 MM college graduates, more than 50% are engineers; in the same period, US graduated 442,000 engineers, 52% were from China and India!" I assume by engineers, he meant STEM, not the strict definition of engineer.
U.S. Fears Losing Innovation Edge Over China. New Data Show Why
Alex Tanzi and Wei Lu
America’s fear of losing its technological advantage over China has helped drive the trade war between the world’s two biggest economies, and Bloomberg’s latest global innovation index shows the concern isn’t misplaced: The gap is narrower than ever.
The U.S. fell one place to ninth in the list of the world’s most innovative economies, continuing its gradual descent after getting the top ranking when the index was first published in 2013. China was languishing in 29th place back then -- but it’s been rising ever since, and advanced one more spot to 15th this year.
There were bright spots in the index for America, which remains the world leader in both patent activity and high-tech density.
But in education, the U.S. dropped four places to 47th. Data from the OECD Program for International Student Assessment, or PISA, show that American scores haven’t improved over the past decade -- or for 30 years in the case of low-performing students. Only 8% of U.S. students scored at the highest level in mathematics, compared with 44% in the coastal areas of China.
The U.S. also has lower graduation rates, and a smaller share of graduates obtaining science and engineering degrees, than most of its Group of Seven peers. China, meanwhile, has doubled the number of professionals (including PhD students) engaged in research and development to 4 million over the past decade -- 10 times the increase achieved in the U.S.
While President Donald Trump and many U.S. lawmakers accuse China of stealing intellectual copyright in order to close the tech gap, the numbers suggest that it’s happening in other ways too.
“Without investment in education and research, trade tariffs aren’t going to maintain America’s economic edge,” said Tom Orlik, chief economist at Bloomberg Economics.
The Bloomberg Innovation Index scores countries on a 0-100 scale, using dozens of criteria under seven categories that include research and development spending, manufacturing capability and concentration of high-tech public companies.
Someone in the comments added without a citation, "In 2018, China had more than 8 MM college graduates, more than 50% are engineers; in the same period, US graduated 442,000 engineers, 52% were from China and India!" I assume by engineers, he meant STEM, not the strict definition of engineer.
U.S. Fears Losing Innovation Edge Over China. New Data Show Why
Alex Tanzi and Wei Lu
America’s fear of losing its technological advantage over China has helped drive the trade war between the world’s two biggest economies, and Bloomberg’s latest global innovation index shows the concern isn’t misplaced: The gap is narrower than ever.
The U.S. fell one place to ninth in the list of the world’s most innovative economies, continuing its gradual descent after getting the top ranking when the index was first published in 2013. China was languishing in 29th place back then -- but it’s been rising ever since, and advanced one more spot to 15th this year.
There were bright spots in the index for America, which remains the world leader in both patent activity and high-tech density.
But in education, the U.S. dropped four places to 47th. Data from the OECD Program for International Student Assessment, or PISA, show that American scores haven’t improved over the past decade -- or for 30 years in the case of low-performing students. Only 8% of U.S. students scored at the highest level in mathematics, compared with 44% in the coastal areas of China.
The U.S. also has lower graduation rates, and a smaller share of graduates obtaining science and engineering degrees, than most of its Group of Seven peers. China, meanwhile, has doubled the number of professionals (including PhD students) engaged in research and development to 4 million over the past decade -- 10 times the increase achieved in the U.S.
While President Donald Trump and many U.S. lawmakers accuse China of stealing intellectual copyright in order to close the tech gap, the numbers suggest that it’s happening in other ways too.
“Without investment in education and research, trade tariffs aren’t going to maintain America’s economic edge,” said Tom Orlik, chief economist at Bloomberg Economics.
The Bloomberg Innovation Index scores countries on a 0-100 scale, using dozens of criteria under seven categories that include research and development spending, manufacturing capability and concentration of high-tech public companies.
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It will be interesting to see how UK decides on 5G.
If UK goes with Huawei, Germany will follow suit.
Germany will say yes to Hauwei regardless of UK's decision because of German economic (auto, etc) ties in domestic China.
But a UK yes will make it easier for them to say yes.
EDIT [Merkel planning an EU-China summit]
EDIT 2 [Johnson will LIKELY defy US and allow use of Huawei]
If UK goes with Huawei, Germany will follow suit.
Germany will say yes to Hauwei regardless of UK's decision because of German economic (auto, etc) ties in domestic China.
But a UK yes will make it easier for them to say yes.
EDIT [Merkel planning an EU-China summit]
EDIT 2 [Johnson will LIKELY defy US and allow use of Huawei]
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supercat
Major
The original article is from Bloomberg, which contains interactive charts:
I wonder American credit card companies will ever be able to break into the Chinese market. It's a bit too late and too little for them:
China will ban single-use plastics:
We need to surpass US until that time our economic model (state companies as part of the economy and industrial plans and industrial subsidies) and sovereignity is in great danger. The US is the only polity as of 2020 that is still significantly stronger then China. We do not face grave danger as like in 1900 when there were numerous polities that where more powerful and could bend us to their will, there is now only one left with that capability, we should prepare for turbulent times with these vile nation. Their goal is to keep China in technological and economical inferiority in perpuity that's why in May 2018 they laid demands on table in Beijing (THE HEART OF CHINA LIKE A CONQUERING DELEGATION) that we abandon industrial subsidies, industrial plans and downsize SOE's.