Ahh yes, the same PISA that only counts Beijing, Shanghai, Jiangsu and Zhejiang and where Guangdong wasn't even allowed to participate. China's wealthiest provinces with 13% of the population is not the same probability sample as all of the United States. PISA scores are not comparable between the US & China.
Oh, ok, let's make it comparable. Let's find America's 4 strongest states and compare them then. This video, at 1:58, shows Massachusets being the highest in the US; it is comparable to Canada. After that, we have 5 states that are comparable to Denmark, Germany, Estonia, Iceland, and Australia. You can cut out the 2 weakest whichever they are. Which one of those 6 named countries comes close to China? None.
7-9% of China's younger population has earned a 4-year STEM degree and 50% has earned any degree (2-yr or 4-yr); side-gig work is counted as employed work so neither explaination is satisifactory for explaining youth unemployment unless people are surviving on some magical pile of money while searching for a dream job (highly unlikely given China's income distribution)
Side-gig counts if it's reported. Who goes around reporting their side-gig cash?
Damage to economic growth is often indeed irreparable: capital formation compounds on prior capital formation, business and consumer expectations compound on prior expectations and labor market participation is often a tenuous path.
No, actually, damage to economic growth is always reversed when the source of damage is gone. When it's safe to come out of COVID 0, the damage can be reversed. For any country you wish to cite permanent damage to, like Japan, it is because the sources of weakness remain.
Lower economic growth itself leads to higher mortality with worse nutrition and worse healthcare access.
LOL China's life expectancy just surpassed America's. Also, people dying in the millions causing massive shut downs causes recessions, which American knows about.
So much conflict and hatred that 2022 US midterm turnout....dropped substantially. People have so much burning hatred that they can't be motivated to do the most effort free of political activities. Wow. Real impressed.
That's called a collapse of the democratic system where people no longer feel that there is a point in voting. As for hatred,
Pandemic is over, excess mortality in the US is gone. COVID cases are just replacing other causes of death for comorbid people
Actually, no.
The chart shows 2022 excessive deaths topping every year except 2020 and 2021 with the author himself, along with Dr. Fauci of course, saying that the winter could spike it. You have to learn to read charts, you see. And unlike the one I cited, the one that you cited shows only 2020, 2021 and 2022, which allows no conclusion on what is "normal." The US suffered an insane level of COVID deaths in peak times so the drop this year isn't really assuring.
Nah, that's just tax arbitrage through Hong Kong, not real FDI
Gonna cite a couple more lines down then:
"The services sector absorbed the lion’s share of this amount, accounting for RMB 662.1 billion, a year-on-year growth rate of 8.7 percent. Meanwhile, utilized foreign capital in the high-tech sector grew 33.6 percent year-on-year, with high-tech manufacturing and high-tech services growing 43.1 percent and 31 percent, respectively.
Utilized foreign capital originating from South Korea saw the fastest growth rate, up 58.9 percent from the same period the previous year. This was followed by Germany (30.3 percent year-on-year), Japan (26.8 percent year-on-year), and the UK (17.2 percent year-on-year). Meanwhile, the regions with the highest growth rate of utilized foreign capital were western China, growing 43 percent year-on-year, followed by central China (27.6 percent year-on-year), and eastern China (14.3 percent year-on-year)."
