That's some desperation. Moving from a market of 1.4 billion people to a market of...... 20 million people! Hmmmm. I guess that's a win for OZ then.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
That's some desperation. Moving from a market of 1.4 billion people to a market of...... 20 million people! Hmmmm. I guess that's a win for OZ then.
Near 100 percent urbanization is an awful idea for China. Ever wonder why there are no massive slums in China (excluding urban villages which, while bad, are no where as bad as slums)? It is because that itinerant workers in China have the option to go back to their villages and farm during massive layoffs. Rural China acts like a dam during economic crisis.
The policy instead should focus on farming subsidies and increasing infrastructure and conditions in villages.
Nah it won't be 100 percent. There'll still be about 20 percent in rural areas. Right now 60 percent urbanization is on the low side
Couldn't agree more.
I have always wondered why people think rural or village areas are "poor slums". Far from it.
Instead of total urbanization improving the rural areas should be priority. People tend to go gaga over "only factories please". I much more prefer modernization of rural areas rather than 100% urbanization.
China's domestic needs can easily be fulfilled by Brazil. China will not shoot itself by banning Iron ore import. She can just pass the cost of iron ore to final exported products.
D
Deleted member 15887
Guest
80% is not 100%. 20% of people will still be living in farmland, so....
Problem with rural China is the low mechanization of agriculture, which is on purpose to keep more people employed, as urban jobs aren't anywhere near enough. Once urban jobs catch up with the overall population, the amount of rural farm jobs can be reduced via mechanization and automation.
Rural areas are definitely quite nice if modernized. Where do you think the money for that comes from? The cities.
Big or small, there is no data supporting. If you talk about Chinese in Indonesia then there are below 2%. Chinese concentrated in big cities, that is why you think a lot of Chinese in Indonesia.
Pork can be found rather easy in some big cities, but not all province capitals have it, if you talk about Tier 2 cities, then it will be difficult.
Except North Celebes, Bali, West Borneo ( Papua and Riau i don't know ) and some concentrated Chinese area, Traditional / wet market in Tier 3 cities does not provide pork.
Pork scarcity is becaused 87% Indonesian are Moslem ( The percentage is a lot of higher than Malaysia ).
.
If you said before 1998, Chinese controled over 70% ( maybe 80-90% ) economy, I would agree, but nowadays it is very different.
The slogan " why chinese which below 2% can control 70 % Indonesia " is launched by anti-Chinese movement, and ridiculously some Chinese believe it.
Today Chinese still control a big portion of Indonesia economy but 70% is definitely exaggregated.
You can see from Indonesia stock exchange, before 1998, Chinese conglomerates/ taipans dominate them, but nowadays only BBCA ( previously held by taipan Sudono Salim/ Liem Sioe Liong now overtaken by Jarum group ) and Gudang Garam ranks in highest 10
Last edited:
Didn't someone not long ago once said trade wars are easy to win?
China Posts Record Month For Trade Thanks To Homebound, Bored Americans
December 7, 20201:38 PM ET
Employees work in the workshop of a lithium battery manufacturing company in Huaibei, eastern China, on Nov. 14. China posted a record trade surplus in November, led by a surge in exports to the United States.
China's economy is roaring back as Americans gobble up everything from its cellphones to its health masks, raising the stakes for trade relations with the United States as President-elect Joe Biden gets set to take over.
Data on Monday showed China notched a record $75.4 billion trade surplus in November after exports from China to the rest of the world jumped 21.1% compared to a year ago.
Much of the increase was driven by a 46% jump in exports to the United States – despite tariffs imposed by President Trump that have contributed to the worst relations between the two countries in decades.
Rest of the article:
China Posts Record Month For Trade Thanks To Homebound, Bored Americans
December 7, 20201:38 PM ET
Employees work in the workshop of a lithium battery manufacturing company in Huaibei, eastern China, on Nov. 14. China posted a record trade surplus in November, led by a surge in exports to the United States.
China's economy is roaring back as Americans gobble up everything from its cellphones to its health masks, raising the stakes for trade relations with the United States as President-elect Joe Biden gets set to take over.
Data on Monday showed China notched a record $75.4 billion trade surplus in November after exports from China to the rest of the world jumped 21.1% compared to a year ago.
Much of the increase was driven by a 46% jump in exports to the United States – despite tariffs imposed by President Trump that have contributed to the worst relations between the two countries in decades.
Rest of the article:
Agreed. All them slums in India, Brazil etc. China got this one right. The Hukou system kept them all at bay. Also, the rural villages are a form of social security. When things turn downwards. The workers simply melt back to their villages until things pick up again.
It is a success story. But the west trying to paint it as "freedom" BS. trying to paint China as against freedom. The truth is, they want to see the slums and shanty towns in China, so they can take photos of China's shanty town, and portraits it as another commies failure.