Chinese Economics Thread
- Thread starter Norfolk
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Honda jet is more American than Japanese. similar to extreme dependence of Japanese Auto brands on US and China. the rest are very minor low margin business.
Japan is no longer a self sustaining country. At current energy prices. it is already producing trade deficits and if the current trend continues it will be forced to sell its foreign investments.
Not me. The many economists (not only FT) out there.
How much of that growth was due to real estate/infrastruture investment? And what has been the return of this investment? how much debt has been generated by it?
You need me to post evidence? ok. In order to achieve the growth target, the chinese government mandates government entities to make investments regardless of return, injecting liquidity to the economy in order to create investment, even if it means growing asset bubbles (like the real estate sector and associated sectors) , create implicit guarantees to private entities that "the national team" will always be there to safeguard them, even if it means maintaining zombie companies, etc.
See above.
This comment of yours here truly shows you don't have actual knowledge of China let alone Chinese economy except with what your implicit bias leads you to go. Most of what you spit out about China are the most commonly used tripe, doubts, and naysaying that's been going on since the 90's. Aren't you and your like minded minions sick and tired of being proven wrong regarding your "China collapse theory" that's seemingly never seems to expire.
For the love of anything sane dude, why don't people like you actually give a rat f..k about how your own economic growth is less than anemic since the creation of the E.U. an organization that's faced existential challenges from actual economic mismanagement from the 2008 financial crisis that almost brought down Spain and the subsequent economic tussle with Greece who were actually spending like drunken sailors with little disregard to their fiscal balance sheet. I could go on and on. Did you ever hear the Chinese hectoring and lecturing you guys and gals in how to properly manage your affairs? Never. And yet, with your abysmal or anemic record of accomplishments there's this strong tendencies from western pseudo experts (guided by an imperialistic attitude) to insert your sorry behinds in how to run another country's affair or love to point out where a country that's manage to successfully lifted hundreds of millions of it's people out of poverty; an economic growth that's never been equalled in modern history somehow needs to be told by your kind that China must do A.B.C.D....it's like taking an advice from a D student or C student at best dictating an A++ student how to pass an exam.
@Orthan I have yet to read anything constructive from you man. Everything is all about Oh oh China is about to collapse this or China is in trouble blah blah...
Who are these many economist? FT is just a Japanese newspaper.
Since you say you have the answers why are you even asking questions? Private real estate and infrastructure like nuclear power plant are total different investments with very different return profiles. Please tell us the long term return of investment on China’s power grid, since you know the answers.
Where is this mandate to make investment regardless of long term return? Source? Where is this implicit guarantee? Despite the fact that many have gone bankrupt.
The so called property bubble in China(which is already deflating) pales in comparison to the gigantic asset bubble in the US in both stocks and real estate due to money printing by the FED.
Honestly, that's why I don't try to seriously argue or debate. Because the moment I do, bad-faith members will start bubbling only about negatives without being constructive
In this case, there could be some debate about the gdp growth target but you just know that the moment I even mention a 0.001% slight negative of it, he will jump in and magnify all the negatives without mentioning the positives
That's what his post history says. Its all about "China bad!"
bajingan
Senior Member
Also in contrary to other developed economies, land and property prices in japan actually decreasing, this leads to foreigners buying out properties in tourist areas like sky resorts this ultimately leads to inflation
For example in niseko hokkaido, the price of ramen bowl is 3000 to 4000 yen, 3 times the average cost of ramen in tokyo
What a long winded and silly post to say nothing substancial.
Search for them. There are plenty.
Instead of talking about the energy sector, how about talking about the roads/bridges/HSR projects with little return?
Source? sorry, i dont have chinese internal documents. About the "many", define their size and connections to the local/central governments.
Yes, its deflating now, in part because of the "three red lines" policy. But if things get too bad too fast in the real estate (which has an outsized importance in the chinese economy), they could feel the pressure to walk it back, at least partly, like they have in the last 10 years.
Try a little harder.
So you got nothing?
Why change the subject you were the one mentioning infrastructure. And what about the long term returns on roads?
So you made it up?
Yes you should