Chinese Economics Thread

[localizer]

Please, Log in or Register to view URLs content!

1/3 of global robot production in China, 1/3 of Chinese robot production in Shanghai​

I think China must figure out a way to increase automation among small businesses. This is the key in improving GDP/capita.

Maybe there should be government program to educate and aid small businesses in finding and acquiring robotics.

 

[Gatekeeper]

Yes when the journalist mentions analysts, he's obviously talking about anti-China people.

I'm surprised your students don't hate you already. Especially the white ones.

No they actually likes me.... I think. Because I don't think they are pro or anti anything at their age. They are still young and mouldable. It just that they've been getting their information and knowledge of the world from their phones and TV.

All the sudden, they find this old (to them anyone over 25 years old is positively ancient) bloke telling them and showing them the world is more complex and different to what they have been bought up knowing.

 

[NiuBiDaRen]

anyone over 25 years old is positively ancient

You don't have to insult me like that

 

[Gatekeeper]

PhD in econ

Manqiang. Econ, my degree. Sorry bro. I love her already. Lol

 

[Gatekeeper]

You don't have to insult me like that

@manqiangrexue is alpha af. I bet her girl screams and moans every night from his alphaness.

How do you think I felt! My students aged between 16 and 19 years of age. So when I was doing the topic of what caused the last recession and credit crunch of 2008. I eas talking like it was yesterday because it seems like yesterday to me.

So during discussions, one of them causally said she was 5 years old at the time, so it's pre-historic as far as she was concerned! Lol

 

[NiuBiDaRen]

How do you think I felt! My students aged between 16 and 19 years of age. So when I was doing the topic of what caused the last recession and credit crunch of 2008. I eas talking like it was yesterday because it seems like yesterday to me.

So during discussions, one of them causally said she was 5 years old at the time, so it's pre-historic as far as she was concerned! Lol

9/11 is like belonging to the Jurassic era to them

 

[AndrewS]

My salary pretty much tripled since I graduated in 2007, but the cost of things also doubled.

I keep a very detailed budget and expense list. It used to be $400 for groceries a month which is now $900. I haven't really changed what I buy.

I agree with the video cards. But inflation is calculated with a basket of goods weighted by "importance", means it's all BS. What I value (video card) is not what my wife values (milk). You will notice those price changes if you buy things once every several years with its $1000 jump. Milk prices been holding steady for almost a decade now, but meat and vegetables are going up.

But governments will say milk is a staple, so must stay stable, and is weighted more, thus low inflation. Clothing is another big item that has been stable in price, which shows a low inflationary value. However, if you buy good quality clothing for work (pre-2020) the prices have been going up very quickly.

A relevant article on how the cost of living has increased, but wages have been stagnant since the 1990s.

"Second jobs are no longer for extra cash; they are for survival."

Please, Log in or Register to view URLs content!

 

[vincent]

What a joke, the west pointing their fingers at China "monopolies" again. Gee
I'm currently teaching this topic to my students. And they were surprised how little their "free market" exist when I sight examples in the U.K.:

Supermarket: big four dominates
Banking: big four dominates
Auditing: big four dominates
Petrol forcourts: big four dominates
Hardware stores: big four dominates
Urban Public transport: big one dominates

I could find more, but none if my students up to the point I told them did not see it as monopoly power, because, these companies gives an impression competition existed.

A fully mature market is controlled by oligopolies.

 

[PiSigma]

A relevant article on how the cost of living has increased, but wages have been stagnant since the 1990s.

"Second jobs are no longer for extra cash; they are for survival."

Please, Log in or Register to view URLs content!

Yep, it's pretty much for everyone in the lower 60% of population. Need that advanced education to get ahead. Only with university degree and higher and specialized in a technical field can you make a decent living.

There are maybe 5 people in Canada that can do my job, so it's pretty easy to negotiate a good salary. But if the position is replaceable, it's working 3 jobs to make ends meet.

 

[localizer]

Please, Log in or Register to view URLs content!

A relevant article on how the cost of living has increased, but wages have been stagnant since the 1990s.

"Second jobs are no longer for extra cash; they are for survival."

Please, Log in or Register to view URLs content!

Yep, it's pretty much for everyone in the lower 60% of population. Need that advanced education to get ahead. Only with university degree and higher and specialized in a technical field can you make a decent living.

There are maybe 5 people in Canada that can do my job, so it's pretty easy to negotiate a good salary. But if the position is replaceable, it's working 3 jobs to make ends meet.

I was watching this old movie Grand Prix, realized how good whites had it back then:

Even Japan had it good: