Chinese Economics Thread

[AssassinsMace]

I don't deny that Beijing fudges numbers but the West thinks the bad news has to be real. They think only the positive numbers are fake because why would anyone fake the bad. No, bad news could be fake too. Look at how China is not making it official that it has a supercomputer that beats the US who's claiming now it has the fastest one. Look at how the West was angry that China's economy didn't suffer much from the 2008 Western financial crisis. For like a decade the West was waiting for China to collapse from that alone because if they suffered, China would have to suffer more. And the longer it didn't happen, the more they got angry where they threatened to take action. Then all of the sudden only bad news came out of China and the West was gleeful that everything was going bad in China now because they wanted to believe it. If it were really bad, shouldn't China be affected by inflation like everyone else? All the low bars they said China would plunge into riots and chaos have happened and yet no civil strife like predicted because maybe those numbers are fake too.

The West likes to believe China is an absolute police state where they track and know everything going on. No that's not true or you wouldn't have cases of individuals becoming billionaires not being known by the government to a point where they can't hide it any more and then the government charges them with tax evasion. Chinese historically are entrepreneurs. They know how to make money and they know how to hide it. Even to the Chinese government they probably don't know the true picture of actual per capita income in China. Look at how US CIA figures show the average Chinese household can't even afford a car and yet China is the largest car market in the world.

 

[Jiang ZeminFanboy]

LMAO what a load of shit.

700k people at 240k?

It probably counts some shitty or strange average or family/household income, since it's for the full population (1.4 billion), but well there's many millions of children and elderly not working lmao.

The source is Beijing normal university survey, it's disposable income per capita. High incomers are for sure undercounted, no Chinese high income person in his right mind, especially business owner would reveal his real income with such big gray area.

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[OppositeDay]

https://twitter.com/i/web/status/1538627948286296064

Cotton is cash crop, it would be better for China's food security if Xinjiang grow more food/animal feed crops instead, e.g. sorghum or even wheat at places where water is enough.

 

[Michaelsinodef]

The source is Beijing normal university survey, it's disposable income per capita. High incomers are for sure undercounted, no Chinese high income person in his right mind, especially business owner would reveal his real income with such big gray area.

The grey area isn't just for people earning a lot, for people not earning a lot, it's likewise also not something that the chinese government has actual good oversigt over either.

And many small businesses doesn't even pay tax at all, cuz they are 'small' despite many of them reaching more than 1 million yuan a year, and that's not to mention the many smaller ones earning less than that.

 

[Red Moon]

The source is Beijing normal university survey, it's disposable income per capita. High incomers are for sure undercounted, no Chinese high income person in his right mind, especially business owner would reveal his real income with such big gray area.

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A few posts back, you argued "we need more pro business policies". Now you complain about income inequality! You can't have it both ways, but what you could do is change your name.

 

[zbb]

LMAO what a load of shit.

700k people at 240k?

It probably counts some shitty or strange average or family/household income, since it's for the full population (1.4 billion), but well there's many millions of children and elderly not working lmao.

The fact that there are only 5.46M people with 0 income means it must be some sort of per person average across family/household. There are certainly much more than 5.46M children in China who do not work and have no income.

 

[antiterror13]

The source is Beijing normal university survey, it's disposable income per capita. High incomers are for sure undercounted, no Chinese high income person in his right mind, especially business owner would reveal his real income with such big gray area.

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I don't believe the figures at all. But why the US worried about China then .. China was soooooo poor

Have you been to China?

China has over 4M millionaires and

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.

And China has more Billionaires than even the US 1,133 vs the US 716

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And are you telling me that only 700k people in China earn more than $20K a year? what rub**** stats, even in Shenzhen itself surely more than that even if you increased it to $50K

 

[zbb]

I don't deny that Beijing fudges numbers but the West thinks the bad news has to be real. They think only the positive numbers are fake because why would anyone fake the bad. No, bad news could be fake too. Look at how China is not making it official that it has a supercomputer that beats the US who's claiming now it has the fastest one. Look at how the West was angry that China's economy didn't suffer much from the 2008 Western financial crisis. For like a decade the West was waiting for China to collapse from that alone because if they suffered, China would have to suffer more. And the longer it didn't happen, the more they got angry where they threatened to take action. Then all of the sudden only bad news came out of China and the West was gleeful that everything was going bad in China now because they wanted to believe it. If it were really bad, shouldn't China be affected by inflation like everyone else? All the low bars they said China would plunge into riots and chaos have happened and yet no civil strife like predicted because maybe those numbers are fake too.

The West likes to believe China is an absolute police state where they track and know everything going on. No that's not true or you wouldn't have cases of individuals becoming billionaires not being known by the government to a point where they can't hide it any more and then the government charges them with tax evasion. Chinese historically are entrepreneurs. They know how to make money and they know how to hide it. Even to the Chinese government they probably don't know the true picture of actual per capita income in China. Look at how US CIA figures show the average Chinese household can't even afford a car and yet China is the largest car market in the world.

I actually don't think the national government in Beijing fudges numbers deliberately to make things look good. Provincial and local officials in China certainly do try to make numbers look good as their career advancements depend on producing results. However, the top leaders in Beijing have no such incentive as they do not need numbers to look good to help in their next election like Western politicians. Instead, the top leaders in Beijing really wants to know accurate numbers that reflect what's going on in the country. This is why for many years, the national GDP growth rates reported by Beijing were lower than the GDP growth rates reported by every provincial level entity in China as Beijing suspects the provincial numbers are inflated and discounts them to arrive at the national estimate.

I think this prevalent Western belief that Beijing fudges numbers deliberately is partly projection. Every Westerner knows instinctively that their governments are constantly lying to them with the numbers. Their own life experience is that real inflation is always far higher than what is reported by their governments, and despite supposed massive GDP growth over the last 30 years, the average person's life has not gotten any better and there are in fact far more homelessness, despair, drug addictions, suicides, etc. Since "democratic" Western governments are good and "non-democratic" Chinese government is bad by definition, then the Chinese government must be lying even more than their own governments. What they don't realize is that the very "democratic" nature of their governments is why they need to lie with the numbers.

 

[KYli]

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[Jj888]

A few posts back, you argued "we need more pro business policies". Now you complain about income inequality! You can't have it both ways, but what you could do is change your name.

We hope he change his name or courageously display his full name showing his iintentions.