Chinese Economics Thread

[ansy1968]

America is no longer a nation that is thinking rationally. This is especially true when it comes to China. So it could be that they will restart the trade war over this.

But that is only going to worsen the plight of the Americans and the rest of the world.

@Franklin So true bro, but its all Optic and noises, it looks pathetic and obviously its a bluff!, you can't threaten somebody while having a weak hand( as shown in Anchorage). It makes the US look weak.

 

[Chish]

alibaba is compromised because of its listing in the NYSE exposes it to anglo influence and control; alibaba must therefore be weakened so that a domestic owned Chinese internet giant may rise to take its place

I believe Ma owns less than 10% of Alibaba, majority shareholders are non Chinese residents?

 

[BlackWindMnt]

I believe Ma owns less than 10% of Alibaba, majority shareholders are non Chinese residents?

I believe the Japanese Softbank was one of the bigger early investors, and owns like almost 25% of Alibaba shares. Then you have Joseph Tsai with 12% and Jack Ma at 4~6%.

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[siegecrossbow]

Nominal GDP is ridiculously stupid. It treats the entire GDP as being a part of the international exchange market which is completely brain dead. The international exchange value of your next haircut is completely meaningless. Further, the US economy will probably grow faster than China's this year solely because US inflation is 6% whereas China's CPI is only 1.3%. If a country's currency exchange rate drops overnight by 10% the economy "shrinks" by 10% even if it literally produced all the exact same things as it did yesterday.

I wish journalists would stop using nominal GDP and just admit that China is already the world's largest economy and everyone else would stop obsessing over nominal GDP too. But I guess that won't happen.

Not exactly. The thing with PPP is that it doesn’t accurately measure all aspects of goods and services provided by an economy.

 

[KYli]

I believe the Japanese Softbank was one of the bigger early investors, and owns like almost 25% of Alibaba shares. Then you have Joseph Tsai with 12% and Jack Ma at 4~6%.

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Tsai doesn't own 12%. If he did, his net worth would be 60 billions not 12 billions.

 

[KYli]

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[siegecrossbow]

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The only reason that the Biden admin retained the tariffs is for political optics. Now that they’ve released Meng Wanzhou there is very little reason for them to continue a self harming policy, especially in light of global inflation and product shortage.

 

[Maikeru]

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[gadgetcool5]

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Thank God some rationality is finally prevailing. Chinese homes and factories were literally going without power while coal sat useless in warehouses nearby, or was being given away at firesale prices to the Indians. It reminds me of when China exported wheat while millions were starving during the Great Leap Forward. I always root for common sense.

 

[Chish]

Thank God some rationality is finally prevailing. Chinese homes and factories were literally going without power while coal sat useless in warehouses nearby, or was being given away at firesale prices to the Indians. It reminds me of when China exported wheat while millions were starving during the Great Leap Forward. I always root for common sense.

This I agree with you.