antiterror13
Brigadier
Perhaps local consumption and NOT luxury goods
Chinese Economics Thread
- Thread starter Norfolk
- Start date
Perhaps local consumption and NOT luxury goods
broadsword
Brigadier
I guess the policy makers have to look at the other East Asian countries' debt ratios: per capita, per household, etc, and apply more providential ones on the Chinese since they will have more old people to support. There will be no easy credit, definitely no issuing of credit cards on no credit scores.
D
Deleted member 15887
Guest
Robots and automation will help China maintain its position as the world's factory and dominant exporter. However, robots will not be able to replace consumers in China's consumer market (after all, robots do not consume, they only produce); hence, China will either need to boost the number of consumers, or boost the individual purchasing power for each consumer, to ensure its large consumer market can keep growing. Otherwise, robots will only help insofar as growing manufacturing exports to other markets, and I'm pretty sure the government is keen to avoid the dangers of increasing export dependency.
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Deleted member 15887
Guest
Vaccination Update: China, based on Friday's numbers, had the 3rd-fastest per-capita vaccination rate increase in the world.
As of Friday, 5/14, a cumulative 380.63 million doses of vaccines have been administered in China:
China administered almost 14 million new vaccine doses on Friday, the highest recorded daily vaccination rate yet:
In per-capita terms, this means China's daily vaccination rate on Friday skyrocketed to being the world's 3rd-fastest:
In terms of the 7-day rolling average of daily vaccine doses administered, as of Friday 5/14, China's average daily vaccine doses administered surpassed 10.34 million doses/day on average for the past 7 days, finally surpassing the 10 million dose/day mark many analysts say is the daily vaccination level necessary to reach the target of having 40% of the population vaccinated by end-June:
In per-capita terms, China's weekly rolling average of new vaccine doses administered as of Friday reached 6th globally, surpassing the US, France, and Chile:
As of Friday, 5/14, a cumulative 380.63 million doses of vaccines have been administered in China:
China administered almost 14 million new vaccine doses on Friday, the highest recorded daily vaccination rate yet:
In per-capita terms, this means China's daily vaccination rate on Friday skyrocketed to being the world's 3rd-fastest:
In terms of the 7-day rolling average of daily vaccine doses administered, as of Friday 5/14, China's average daily vaccine doses administered surpassed 10.34 million doses/day on average for the past 7 days, finally surpassing the 10 million dose/day mark many analysts say is the daily vaccination level necessary to reach the target of having 40% of the population vaccinated by end-June:
In per-capita terms, China's weekly rolling average of new vaccine doses administered as of Friday reached 6th globally, surpassing the US, France, and Chile:
Well the so called demographic problem is too many old people not working, fewer people in the workforce to generate the wealth for their pensions, not necessarily an overall reduction in headcount, until they die the old people are still consumers! Automation will help the reduced workforce supply the segment of society that no longer works through increased productivity, So you are conflating 2 unrelated things and coming to a spurious conclusion.
Why would Chinese stop consuming if their wages continue to rise? The robots will produce enough to support a reasonably comfortable lifestyle for the average citizen, who might only need to work 4 hours a day. Later, the robotic productivity will be so great that the people will have a high standard of living -- by working 4 hours a day. As long as the country's resources are able to support the growth -- or technology improves to get more from resources -- I see no reason that China should not become a rich country. This is decades in the future, of course.