Chinese Economics Thread

[AndrewS]

Indeed. China has a lot of firepower available if it decides to deploy it to achieve specific goals.

please increase R&D

To be fair, China is still a middle-income country, yet has an exceptionally high level of R&D spending at 2.4% of GDP

It's more than twice as high as any other low-income or middle-income country. They are all stuck around the 1% mark

Furthermore, Chinese R&D spending is still growing fast. So I expect it to reach 3% in 5 years time.
That would be comparable to Germany and the USA. After that there are only a handful of countries left with higher levels of R&D spending

And Chinese R&D spending is driven by the sheer size of its domestic market, the financial/technical/personnel resources available, plus the lower costs of development/production

 

[Maikeru]

As per Bloomberg, China is close to a BALANCED BUDGET for 2021

So there's lots of scope to juice up spending

China and many other countries work to an annual 3% budget deficit as normal.

Balanced budget? Harumph! Doesn't China realize that the path to success is through massive government borrowing and printing money, like the West?

 

[NiuBiDaRen]

Indeed. China has a lot of firepower available if it decides to deploy it to achieve specific goals.

please increase R&D

Hope China spends all that money creating WWE pro wrestling stadiums in every city

 

[supersnoop]

Wtf is "The Information" and the way Reuters has reported it sounds as if he bribed the officials but in reality, it is this:

Most other countries can't relate, lol.

Even better is this

Apple’s investment in China would go toward building new retail stores, research and development centers and renewable energy projects, the report said, citing the agreement.

Some real oppressive commie stuff going on there

 

[FairAndUnbiased]

Even better is this

Some real oppressive commie stuff going on there

it is an inalienable human right to burn as much fossil fuel as possible. yee haw!

 

[NiuBiDaRen]

it is an inalienable human right to burn as much fossil fuel as possible. yee haw!

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[antiterror13]

As per Bloomberg, China is close to a BALANCED BUDGET for 2021

So there's lots of scope to juice up spending

China and many other countries work to an annual 3% budget deficit as normal.

And Bloomberg + India would twist it as a bad economy being balanced budget

 

[xypher]

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I wish the US developed freedom from stupidity.

 

[tygyg1111]

I wish the US developed freedom from stupidity.

No, no, more freedom gas pls

 

[manqiangrexue]

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I thought for sure it was The Onion until I saw it was Forbes...