This train cater for a different market. A "Cheap" option for inter cities, short distance net works.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
It's very telling that if and when China publishes data that's essentially negative for the country the doomers come out and celebrate the figures without question. But, if the data published goes against China is Collapsing or even improving the doomers say data from China can't and must never be trusted which reveals how vapid, corrupt, and unethically compromised these people are.
Chinese folks should be worried about youth unemployment if the situation was similar to most of the countries around the world (who have elected to open up their societies/economies and accept that there will be casualties) and the result is this bad because it means that the Chinese economy has some fundamental structural weakness that can't be solved by moving away from dynamic covid-19 policy.
A lot of folks here are also infected and afflicted with western ways of thinking a.k.a. short term thinkers, microwave like approaches to core issues that require careful study that takes time.
Judging from what the government has been trying to do with respect to its research on Covid-19 meds ex. VV116 and other form of vaccines I wouldn't be too quick to make any assumptions that their approach should be ditched so that China can once again have bragging rights to be used by folks here against western folks because it's frankly dumb.
The moment China listens to the west is the moment it dies.
This is related to the inflation situation in the west. Unemployment is a lagging indicator. Very high inflation and a lack of workers cause rising wages which makes inflation even worse. Unemployment only shoots up after the collapse. A lack of workers also makes stimulus very ineffective as it can only further increase inflation.
China however is still in a different part of the economic cycle, there is a pool of available labour and stimulus measures would lead to productive investment once zero covid ends.
So low unemployment is nothing to be proud of. From the central banks point of view, low unemployment/lack of workers is the problem that keeps inflation alive.
Why do they have the CGTN logo on a private video? I think only the inserted speaker is from a CGTN program.
Disagree. First of all, you are not a disease expert, and it is invalid whether you bet or not. Second, from the situation of Wuhan and Shanghai in the first half of the year, it was the support of all parts of the country that suppressed the epidemic. After the liberalization, the whole country is full of epidemics. Where can we find the strength to support and where can we find the strength to re seal and control. For large countries with large populations, they can only coexist all the time after coexistence, and there is no regret medicine to eat! This involves the decision-making of the safety of 1.4 billion people, and we must be cautious.
Living with the Covid is a modern version of eugenics, survival of the strongest, fittest, etc, etc, are ideas leading all the way back to social Darwinism, which was right up on the list of shittiest of british brainfarts. If that survival of the fittest was practiced to the fullest extent, the brown guy who brought it in here wouldn't be born at all, or lead an altogether different life. Humans are not mere organism. We have a sense of justice and fairness. That's why we have hospitals, patient care, unlike the jungles, which has none, or the extremities of purest form of capitalism. Having a dynamic zero covid strategy is providing a social justice in public health. Yes, it does come with a cost, and all Chinese should be proud the nation is leading down that road.
Yeah! Exactly.
Seems to me the zero covid policy the economic cost are really not that great for China.
Are people losing their livelihoods and businesses going bankrupt left right and center? No, they lost money that is for sure, they did not lose everything.
What this really is, it is a pain in the ass.
But once it opens up again, the Chinese economy being in a boom for the past few generations, everyone will have a good chance to make it all back what they did not make during lockdown.