Chinese Economics Thread
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At the moment the major problem facing the Chinese is climate change resulting in increase rainfall in Central and South China causing spring and summer floods damaging crops and properties while North China is parched. How to transfer the excess rainfall in Central and South China to the dry north without letting the runoff causing damages and wasted by discharging into the sea? The retained water in dams in the south need to be pumped north in big pipelines to higher elevations for storage just before the arrival of spring and summer flood water. This can solve two problems at once.
There is already an ongoing project for that since 2002. This is a multi decade, probably the biggest construction project in Chinese history you never heard. Just like water conservation projects in ancient times in China, this project is to benefit the Chinese civilization for at least a thousand years.
Does the South-North water transfer scheme cater for the peak flow occurring during the Spring/Summer rain? If it does then there shouldn't be annual reports of flooding and damages to crops and properties. Gravity flow through the South-North water transfer project might not be able to deal with the peak flow in spring/summer. Only mechanical pumping can cope with peak flow and store the water at higher elevation and at long distance for release to dry regions.
No because the aim of the South North Water transfer project is to take fresh water from the Yangtse water course to the dry populated areas of the North not some magic attempt at mitigating weather! The central route uses no pumping stations they raised the level of the feed reservoir by making the retaining dam higher so it can be gravity driven, a much more cost effective option in the long run.
As an aside over 300,000 people had to be resettled and swathes of land left undeveloped to preserve water quality for the central project so unless the farm areas flooded and damage to property are in those orders of magnitude, simply relocating people may well be a much more simple and cost effective way of addressing the issue! Climate change is happening the human race needs to learn to deal with it and not just try to maintain the status quo!
China's just reported a record Summer Harvest despite pest issues early in the planting season so I guess the outcome of any flooding is factored into planning! Whilst its unfortunate that areas get flooded, desertification is problem and earth quakes happen, the green great wall, the water transfer projects serve defined purposes I don't think the even the CPC believes it can tame nature across the board!
Not required at all.
The more biased and less nuanced western propaganda is - the better for China.
The effect of western propaganda is quite overstated. Western propaganda is primarily for western consumption - for manufacturing consent. But there itself, it's increasingly getting hard as some people have generally less trust of their media for matters of domestic affair let alone international. For all others, it's like preaching to the choir. They can be told that China has tried to poison their children using bad food and they'll gulp it down.
What's hard to combat is White and Grey propaganda - those with half truths and twisted perspectives.
Their should not be any grand outreach to western nations. They won't change. It's a naive task.
I don't understand the logic behind this. Increase in the minimum wage in Shanghai by 110 yuan LoL. In Poland every year by 200 zł (340 RMB), that's too much and I see it in prices. But I don't see a move to raise the consumption in the lowest earners in China.
We don't want all jobs going to Vietnam here do we?I don't understand the logic behind this. Increase in the minimum wage in Shanghai by 110 yuan LoL. In Poland every year by 200 zł (340 RMB), that's too much and I see it in prices. But I don't see a move to raise the consumption in the lowest earners in China.
I mean... Low wages are important to ensure them companies exploit the workers properly. As for workers, they are sacrificing the generation for something better for their children. Consumption is important but the recovery wasn't led by consumption. It's led by manufacturing and exports.
The middle class need to be strengthened but increasing low wage labor costs isn't doing that.
Wage growth at the lower strata (min wage) must be seen as independent of the drive to boost consumption.
50% is pure thievery. Even here in the west people think 20~30% is way to much.