Chinese Economics Thread

[Xizor]

Pentagon drones ‘8 to 14 times’ costlier than banned Chinese craft​

US interior department officials complain about price and capability of civilian fleet of vehicles​

Camera drones developed by the Pentagon are more expensive and less capable than the Chinese-made ones they were meant to replace, according to an internal US government memo seen by the Financial Times.

The memo from officials at the interior department, which runs the US government’s largest fleet of civilian unmanned craft, warns the so-called “Blue drones” are not good enough to carry out vital conservation work.

The Pentagon spent over $13m developing drones which government agencies could use instead of ones made or assembled in China. But the complaint about their cost and effectiveness illustrates the difficulties the US has faced trying to wean itself off Chinese technology without obvious American alternatives.

Please, Log in or Register to view URLs content!

---

Who woulda thought. I mean, it's a good thing that dollars are being wasted. so can't complain.

China shows what it means to be competitive.

 

[han1289]

Even assuming that this will happen by 2030, GDP PPP matters little to countries that need to import most of their goods from home appliances to electronics and clothing.

Exactly. PPP is only an accurate measurement of quality of life for Chinese consumers because everything is made in China and purchased in RMB.

Indians will still have to buy imported goods traded in USD and that will not change by 2030. The manufacturing capability and capacity that China took decades to build up won’t be replicated by India in 9 years.

 

[KYli]

More like the big techs and Wall St are so powerful and owed the government that the government is dragging its feet to do anything.

Please, Log in or Register to view URLs content!

But it’s important to keep in mind that the Chinese tech companies operate in a country ruled by an increasingly

Please, Log in or Register to view URLs content!

government that demands the private sector surrender with absolute loyalty. So unlike the antitrust campaigns that

Please, Log in or Register to view URLs content!

in their regions, China is using the guise of antitrust to cement the Communist Party’s monopoly of power, with

Please, Log in or Register to view URLs content!

likely to lose what’s left of their independence and become a mere appendage of the state.

The developments at Didi amount to “a shock-therapy type of enforcement,” said Benjamin Qiu, a partner at the law firm Loeb & Loeb in Hong Kong. “We could see more control by the state, with in-effect data nationalization as the end result.”

Please, Log in or Register to view URLs content!

and

Please, Log in or Register to view URLs content!

who are, understandably, frustrated with their regulators’ lack of progress in reining in Big Tech shouldn’t be too

Please, Log in or Register to view URLs content!

by how swiftly Beijing is bringing its tech titans to heel. Like many things in China, efficiency comes at the cost of law and due process.​

 

[KYli]

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

 

[Kaine]

China is using the guise of antitrust to cement the Communist Party’s monopoly of power, with

Please, Log in or Register to view URLs content!

likely to lose what’s left of their independence and become a mere appendage of the state.

Oh no! Terrible news. Private business will lose influence to the government..

Why cant these lovely capitalists govern us..

 

[caudaceus]

Like many things in China, efficiency comes at the cost of law and due process.

Tell you what, these days people just hid their inefficiency, incompetency and corruption behind the veil of due process, rights and so on.

Take a different example. Why is HS2 had bloating cost and long finishing time compared to Tibet train? It'S ThE rIGHt bRo!1!! Yeah they can inflate the cost and time ad infinitum behind the veil of right. You think this will impress developing countries? Lol, they will have pavlovian reactions and equating right to incompetentness and slowness for sure.

 

[Kaeshmiri]

This chart can be posted here or Indian economics thread. So I'll post here.

This should send all those Jai Hind into ecstasy. Though not quite No. 1, but No. 2 on PPP. Although A word of warning, I'll caution with their prediction. I thinking a bit gunho especially for India.

https://twitter.com/i/web/status/1105146846375141377

None of these India superpower projections ever explain as to what exactly will drive India to such growth. India is currently in its demographic dividend period and yet its last Pre Covid growth rate was 4%.

 

[Kaine]

Tell you what, these days people just hid their inefficiency, incompetency and corruption behind the veil of due process, rights and so on.

Good observation. And thats why Xi's anti-corruption campaign also includes these intentional bureaucratic delays.

So, it is important to know that corruption is eternal and thus it can never be killed. It cannot disappear but it merely changes forms.

From low-key corruption, to high corruption (obvious bribing), to "Lobbying", to intentional bureaucratic delays, to "interest groups" etc.

As such, because corruption is eternal, the anti-corruption campaign will, as Xi correctly said, also be present forever. It is a mouse and a cat problem

 

[Gatekeeper]

The world's largest "oil reservoir"

世界最大储油量 “海上炼油工厂” 正式交付
中国新闻网 2021-07-19

7月18日，被称为 “海上炼油工厂” 的世界上最大、最先进的 FPSO（海上浮式生产储卸油装置）在招商工业江苏海门基地正式交付。 该装置最大原油日处理能力25万桶，储油能力200万桶，最大排水量46万吨，是业内已交付使用的同类项目中最大吨位、最大储油量的新型海上浮式生产储卸油装置，为名副其实的 “海上巨无霸".

 

[Topazchen]

More like the big techs and Wall St are so powerful and owed the government that the government is dragging its feet to do anything.

Please, Log in or Register to view URLs content!

But it’s important to keep in mind that the Chinese tech companies operate in a country ruled by an increasingly

Please, Log in or Register to view URLs content!

government that demands the private sector surrender with absolute loyalty. So unlike the antitrust campaigns that

Please, Log in or Register to view URLs content!

in their regions, China is using the guise of antitrust to cement the Communist Party’s monopoly of power, with

Please, Log in or Register to view URLs content!

likely to lose what’s left of their independence and become a mere appendage of the state.

The developments at Didi amount to “a shock-therapy type of enforcement,” said Benjamin Qiu, a partner at the law firm Loeb & Loeb in Hong Kong. “We could see more control by the state, with in-effect data nationalization as the end result.”

Please, Log in or Register to view URLs content!

and

Please, Log in or Register to view URLs content!

who are, understandably, frustrated with their regulators’ lack of progress in reining in Big Tech shouldn’t be too

Please, Log in or Register to view URLs content!

by how swiftly Beijing is bringing its tech titans to heel. Like many things in China, efficiency comes at the cost of law and due process.​

I like CCP and how it is proactive but as someone who lives in a country where we have free flow of information, the opaque nature of how it operates doesn't do it any favors in the international scene. It gives the anti China voices ammunition and China loses control of the narrative.