Chinese Economics Thread

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gadgetcool5

Senior Member
Registered Member
dfrtyhgj said:
Not true, just print money to pay for their pensions. All the money printed will end up in the hands of the super rich, just claw it back from them and you are money neutral. You can do this indefinitely and pump the economy way up.
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I disagree. The economy's success is ultimately dependent on the material facts, and that requires hard work, technology and talent. If printing money alone made you rich, Zimbabwe would be the world's richest country. If no one is your country is working and there isn't productivity, eventually the country will become poor. The more people you have working, the better for a given amount of productivity.

America's population is much lower than China's but it compensates/tries to compensate through other factors, such as by building alliances. For example, the "Quad" tries to turn India against China. Now all of a sudden America will never have a cannon fodder shortage. The alliance with Europe means the NATO + Japan economy will dwarf China's even if China's GDP is bigger than the US alone. Etc. Of course, China can pursue the same strategies if it wants but right now it's not as good at it as the US. The US + EU + Japan are 50% of the world economy that they will undoubtedly collectively sanction Russia/China if the latter two get out of line (or in the case of Russia, are already doing so). While NATO alone is 950 million people.
 
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2handedswordsman

2handedswordsman

Junior Member
Registered Member
dfrtyhgj said:
Not true, just print money to pay for their pensions. All the money printed will end up in the hands of the super rich, just claw it back from them and you are money neutral. You can do this indefinitely and pump the economy way up.
Click to expand...
No, this is a factor called productivity. The paper you print is earned way more easier than 30 years ago. You can multiply it by 6, like the Yuan/Dollar ratio, and then you can find how China is building HSR magnitude projects while in the far more richer USA Bezos flies to the moon and things are going the way are going. The west is indebting itself like crazy, pushing down the living standards of average people, there's a timebomb somewhere lurking ;)
 
S

SanWenYu

Captain
Registered Member
On March 28, Huawei's CEO on duty, Guo Ping (华为轮值董事长郭平), briefed the press on how the company is handling the IC shortage imposed by the US sanctions.

He did not answer directly the questions by Bloomberg and WSJ whether Huawei is entering the IC foundry business. He instead said that, while investing in capacities that duplicate existing technologies would not make business sense in the ideal global market, in the reality the sanctions and barriers are now creating the demand (in such capacities) and such investments are making sense.

To explain if Huawei will be able to keep the critical telco (to-B) business running, given how much its consumer (to-C) business has dropped, Guo compared the number of baseband chips used in base statioins and mobile phones. To deliver 1 million base stations would require 1 million baseband chips. Meanwhile, to sell 120 million mobile phones, it would require 120 million chips of the same kind. "There is enough supply to continue the telco business", he said.

He said that Huawei has been working on theoretic breakthroughs, new architectures and new designs to maintain competitiveness even without the access to the advanced IC technologies. Huawei's key communication products are taking advantage of multi-cores in software and hardware.

In one specific example, a new AI algorithm that, without performance loss in key applications, substitutes floating point multiplications with additions, reduce the number of required circuits on chip by 76% and power consumption by 88%.

Guo also mentioned approaches such as "gaining performance from chip size (用面积换性能) and stacked packaging (用堆叠换性能)".

In base stations, Huawei has started using GaN-based RF amplifiers which are more efficient in high frequency signal amplification and cut power consumption up to 20%, comparing to the more traditional LDMOS-based components.

In optical communication, with breakthroughs in "digital optical path (数字化光程)", LCOS [ what is this? ] and "hologram algorithm (全息图算法)", Huawei products achieves "全光一跳直达 [ translate: optical-to-optical direct connection? ]".


Guancha report in Chinese:
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A

ansy1968

Brigadier
Registered Member
gadgetcool5 said:
America's population is much lower than China's but it compensates/tries to compensate through other factors, such as by building alliances. For example, the "Quad" tries to turn India against China. Now all of a sudden America will never have a cannon fodder shortage. The alliance with Europe means the NATO + Japan economy will dwarf China's even if China's GDP is bigger than the US alone. Etc. Of course, China can pursue the same strategies if it wants but right now it's not as good at it as the US. The US + EU + Japan are 50% of the world economy that they will undoubtedly collectively sanction Russia/China if the latter two get out of line (or in the case of Russia, are already doing so). While NATO alone is 950 million people.
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@gadgetcool5 IF the US still maintain its advantages cause right now China is catching up and Geopolitics is changing fast, For her to compete she needs dispose of those extra weight. That's what Trump want from NATO, instead of the US doing all the heavy lifting. Bro alliances serve their purposes IF everybody is in tune, in the current situation country follow their own interest and there is a divergent, to make everyone happy the US need to spend huge amount of money, money that is needed to revitalized itself. To make it short those allies are parasite that is eating away the vitality of Americans.
 
A

AndrewS

Brigadier
Registered Member
gadgetcool5 said:
I disagree. The economy's success is ultimately dependent on the material facts, and that requires hard work, technology and talent. If printing money alone made you rich, Zimbabwe would be the world's richest country. If no one is your country is working and there isn't productivity, eventually the country will become poor. The more people you have working, the better for a given amount of productivity.

America's population is much lower than China's but it compensates/tries to compensate through other factors, such as by building alliances. For example, the "Quad" tries to turn India against China. Now all of a sudden America will never have a cannon fodder shortage. The alliance with Europe means the NATO + Japan economy will dwarf China's even if China's GDP is bigger than the US alone. Etc. Of course, China can pursue the same strategies if it wants but right now it's not as good at it as the US. The US + EU + Japan are 50% of the world economy that they will undoubtedly collectively sanction Russia/China if the latter two get out of line (or in the case of Russia, are already doing so). While NATO alone is 950 million people.
Click to expand...

It also means that 50% of the current global economy is not part of the US+EU+Japan.
Plus in a number of economic sectors, China accounts for over 50%, which would be larger than the rest of the world combined.

In 15-20 years time, it is also conceivable that the Chinese economy would be larger than the US+EU+Japan combined.
That would also mean a higher amount of R&D spending as well.

And this economic trajectory will be determined by what China does internally. Outside intervention slows but does not prevent this.
 
M

Michaelsinodef

Senior Member
Registered Member
AndrewS said:
It also means that 50% of the current global economy is not part of the US+EU+Japan.
Plus in a number of economic sectors, China accounts for over 50%, which would be larger than the rest of the world combined.

In 15-20 years time, it is also conceivable that the Chinese economy would be larger than the US+EU+Japan combined.
That would also mean a higher amount of R&D spending as well.

And this economic trajectory will be determined by what China does internally. Outside intervention slows but does not prevent this.
Click to expand...
Aren't that 50% of US and allies based on like gdp nominal lol?

How is the distribution in terms of ppp?

Although yes, I do know we can't just go and use the ppp numbers, but it is also similarly flawed to use nominal gdp.
 
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