Chinese Economics Thread

victoon

Junior Member
Registered Member
Thanks for sharing! this is such a detailed and insightful site on the break neck progress China is making!

And I just love the name of the site! Chinese Characteristics are the secret sauce part of the story that makes China successful. Let everyone else focus on the socialist part ;)
Her writing is downright inspirational for me as a Chinese patriot: a poetic expression of love for our country via clear-eyed critical thinking and hard work.

"After this year, I am still resolute in staying in China and investing in Chinese tech for the long term. I say the things I say, having deliberately made difficult decisions to have a lot of skin in the game. I have no agenda apart from making money by seeing reality clearly. I intend to be smart rather than to sound smart. As an investor with at least a decade-plus time horizon, I am comforted by the resolve and decisiveness of the government regulations. I wish the regulations were better sequenced and better communicated, but I think they lay solid foundations for future innovation and growth. When I go through the tech policy white papers put out by CAICT, they are thorough and technically sound. When I go through Chinese reform history, I see continuity in the tension between reforms and free growth stretching back to the Deng era. When I spoke to entrepreneurs, the apprehension and excitement vary from folk to folk, but I rarely hear hopelessness. Make of that what you will."

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2handedswordsman

Junior Member
Registered Member
Thanks for sharing! this is such a detailed and insightful site on the break neck progress China is making!

And I just love the name of the site! Chinese Characteristics are the secret sauce part of the story that makes China successful. Let everyone else focus on the socialist part ;)
Haha the CPC is the invisible hand the liberal economists are talking about
 

PeoplesPoster

Junior Member
Tech industry just means software service industry. Every industry has tech. So how come regulating software services is bad but regulating financial or real estate services is good?
Real estate and financial industries couldn’t be further from tech. They are the epitome of the capitalist class leaching without creating anything of value. They absolutely need to be regulated.
 

FairAndUnbiased

Brigadier
Registered Member
Real estate and financial industries couldn’t be further from tech. They are the epitome of the capitalist class leaching without creating anything of value. They absolutely need to be regulated.
really? software services spies on you and monetizes your habits. imagine if your house tracked when you were home and how long you slept or your bank tracked your spending, then sold that information to advertisers.
 

PeoplesPoster

Junior Member
really? software services spies on you and monetizes your habits. imagine if your house tracked when you were home and how long you slept or your bank tracked your spending, then sold that information to advertisers.
Sure but what does that have to do with the original quote that pulling back in tech will be viewed favorably. You’ve created a nice strawman about scary tech but have not addressed the main point that over regulating tech will have a downward pressure on development and innovation.
 

FairAndUnbiased

Brigadier
Registered Member
Sure but what does that have to do with the original quote that pulling back in tech will be viewed favorably. You’ve created a nice strawman about scary tech but have not addressed the main point that over regulating tech will have a downward pressure on development and innovation.
regulating software services will have a downward pressure on development and innovation in sectors like heavy industry, automotive, semiconductor?
 

manqiangrexue

Brigadier

Chinese Developers Had Annual Drop in Property Sales Last Year​


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Western copium on China:

Property sales going up: Dangerous property bubble going to burst soon!
Property sales going down: Economy failing!
Property sales hang steady: Economy stalling!

China's economy will always outperform America's and every other major economy's; just wait for the year end numbers.
 
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FairAndUnbiased

Brigadier
Registered Member
"In the 1930s, Germany was going to dominate Europe, if not the world. In the 1960s and the 1980s, the Soviet Union – which had already stolen a march on the US in space technology – and later Japan, which was the rising economic force on the planet, would within 10 to 20 years overtake America to become the dominant economic and technological power."

"Yet, China’s growth spurt is now over, and the huge disparity in GDP growth has been eliminated. In the last few quarters, China’s GDP has been growing at half the rate of the US. Although that discrepancy is probably unsustainable, America’s estimated $7tn GDP margin over China in 2021 means that comparable rates of GDP growth in the future will sustain and even widen the margin. A Japanese thinktank has recently extended the date when it expects China to overtake the US, from 2029 to 2033. Deferrals like this are now a feature, and there will be more."

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This is either factually untrue or is using a confusing and nonstandard metric.

I must remind you that willful factual untruth is also known as lying.
 

manqiangrexue

Brigadier
"In the 1930s, Germany was going to dominate Europe, if not the world. In the 1960s and the 1980s, the Soviet Union – which had already stolen a march on the US in space technology – and later Japan, which was the rising economic force on the planet, would within 10 to 20 years overtake America to become the dominant economic and technological power."
A bigger country with a larger population won out each of those times, and that pattern will happen again. America's the guy who beat up 2 yorkies and a child trying to convince himself that the Silverback Gorilla behind him's gonna be just as easy.
"Yet, China’s growth spurt is now over, and the huge disparity in GDP growth has been eliminated. In the last few quarters, China’s GDP has been growing at half the rate of the US. Although that discrepancy is probably unsustainable, America’s estimated $7tn GDP margin over China in 2021 means that comparable rates of GDP growth in the future will sustain and even widen the margin. A Japanese thinktank has recently extended the date when it expects China to overtake the US, from 2029 to 2033. Deferrals like this are now a feature, and there will be more."

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Try as he might to manipulate data, I'll post it again: if by any calculation, the US is growing faster, it's because America's still climbing out of the COVID ditch that it fell into while China's already out. America's growth is made to look larger as it is compared to previous negative or flatline performance while China's is robust growth on top of robust growth. And that's discounting American attempts to puff up its economy as a superpower and Chinese attempts to downplay its own to keep developing nation status. China's economy is already much larger by PPP, the true indicator of domestic economic activity. The US economy can't hold a candle to China's.

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