Chinese Economics Thread

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MortyandRick

Senior Member
Registered Member
hans_r said:
I said lockdowns *in* Guangzhou which this most certainly is. Banning transit effectively ends all economic activity. Baiyun is the largest district in Guangzhou. Plus; it's not just Guangzhou; it's all over urban China with random lockdowns which severely restrict business when all movement in or out is banned - you effectively turn China into 8 million different customs entities; each of which have their own laws on trade and migration (i.e., a patchwork of bans that always change and for which no one is able to predict with any certainty what will happen in the next few hours/days/weeks/months)
https://twitter.com/i/web/status/1594835505744695298
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No, Not really.
Most places that are locked down are specific compounds. the baiyun district is 3.9 mil people, it's the largest district but the city has around ~19 million people so effectively just 20% of the population have restricted movement. My relatives Guangzhou haven't had lock down at all.

Not sure where you got the 8 million from. But many of the places are not locking down for for 2-3 months like before.

Having millions of deaths would be even more damaging to the economy. Likely the govt is trying to see if they can handle a soft opening and adjusting accordingly.
 
M

MortyandRick

Senior Member
Registered Member
hans_r said:
Yep. Public spending on elementary and secondary education in the US is ~$771bn which is ~3.6% of US GDP; in China, total elementary and secondary education spending was $3.7 trillion yuan (~$570bn) or ~3.8% of China's GDP.
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Chinese Economics Thread

Priorities... School funding in the United States is largely a state government function. "Per pupil spending increased in fiscal year 2020 for the ninth year in a row, up to $13,494 in FY 2020 from $13,187 in FY 2019, a 2.3% increase from the previous year." "Elementary and secondary...
www.sinodefenceforum.com
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Your numbers a misleading though. 30% of the US budget is on teachers salaries and it's mainly due to increased cost of living in the US compared to china using USD calculations.

Using PPP figures, you get get a lot more out of 3.8% of china GDP versus 3.6% of US GDP.
 
tygyg1111

tygyg1111

Captain
Registered Member
MortyandRick said:
Literally that poster doesn't even try to hide the face that his posts sound exactly the same as sleepy's prior posts, using the same phrasing, grammer and sources. Lol.
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Although he's been posting less and less from a 'position of strength'. He's actually somewhat tolerable when he behaves.
Give a few more years for acceptance to kick in and he might become an acceptable fellow.
Gives me hope for the US population too, although the native Americans get first dibs on what to do with them
 
Lethe

Lethe

Captain
I don't hold any strong opinion about the wisdom of China's lockdown measures and their ongoing application, but I do find the response from the Anglo-American world rather intriguing. The west is very troubled by China's disinclination to allow millions of its citizens to die as occurred in the United States. Of course they can't say that directly: the concern is all about heavy-handed bureaucracy, the economic costs of lockdown (for western corporations, of course), the failure to roll out effective vaccines, and tales from individuals deprived of their liberty. That China may actually place a higher value on human life than the west runs contrary to generations of basically racist propaganda, as in this line from the first James Bond film, Dr. No (1962):


I also find it both intriguing and suggestive that there has been no real effort in the Anglo-American world to question China's official COVID death toll, whereas even darling India's figures have been widely rubbished. It's not enough to say that there is no anti-China campaign on this subject because there are no major inconsistencies in the official data. As we all know, in the realm of propaganda, one does not require truth to be on one's side. Rather, it seems to me that there has been no campaign against China on this subject because any such campaign would inevitably draw renewed attention to the human cost of COVID in the Anglo-American world, where the instinct is rather to bury the subject(s) and move on. For this conversation to be a "win" for the Anglo-American establishment, i.e. demonstrating the benevolence and superiority of the west against the evil incompetence of the CCP, they would have to charge that China has covered up tens of millions of dead citizens, and the implausibility of this would undermine the efficacy of any such campaign. And so, the propaganda organs remain silent.
 
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Blitzo

Blitzo

Lieutenant General
Staff member
Super Moderator
Registered Member
hans_r said:
Zero COVID is putting a substantial strain on economic growth in China (through declining retail sales/consumption/business investment) and on youth employment in China (youth unemployment is still in high double digits in China)
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In future can you actually write this claim with the tweet that you're making, so that people can actually properly critique you, instead of getting away with half indicators and half arguments as to what your true position is?

For example, by quoting that JP Morgan projection tweet in isolation, we would not actually know that your true position is:
1. You believe that JP Morgan projection
2. You believe that the JP Morgan GDP projection of China is due to zero covid measures
3. You thus believe that zero covid measures in China are currently having negative economic impacts to the extent that it would result in the sort of economic impact displayed in that tweet


Take some effort to actually articulate your position in the same tweet/article link, instead of writing brief one liners or two word commentaries, so that your position is actually made clear.
 
G

GodRektsNoobs

Junior Member
Registered Member
hans_r said:
School funding in the United States is largely a state government function.
"Per pupil spending increased in fiscal year 2020 for the ninth year in a row, up to $13,494 in FY 2020 from $13,187 in FY 2019, a 2.3% increase from the previous year."
"Elementary and secondary education revenue from all sources in FY 2020 totaled $771.1 billion, up 2.6% from $751.7 billion the previous year."
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Speaks tons for the quality per dollar of US education system, much like their healthcare system.
 
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