pro-economic growth policies need to happen at some point.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
China exporting AC train set to DRC. Good to be finding new markets for CRRC products.
Migrant workers have it pretty bad in China though, they don’t exactly lead comfortable or secure lives; so in a way, the holidays keep the people sane and lower the chance of social revolts. 996 doesn’t really work for blue collar jobs because of physical limits on the body.
The real is disaster is the old policies towards Migrant workers. I’m willing to bet most of us here are/were urban residents in China. It really is a two tier system and they’ve been trying to reform it for the better parts of 2 decades.
are there reforms on the horizon when it comes to this issue?
Go search up videos of Huang Qifan on reforms - he talks about this issue ad nauseam.
It is always funny to see MSM and anti-China forces to always paint a dark and gloomy picture for anything China does or doesn't do.
For Zero-Covid policy, most people in this forum or other places agree and predict that such restrictions would be lifted either a few months earlier or a few months later than what China did in Nov and Dec 2022. Not many people or any major media think China would be stuck in Zero Covid forever. To say such policy changed as U-turn is just laughable.
Same with Tech crackdown or even property crackdown, I actual never thought China would go that far to begin with. Cracking down on tech is focused upon only monopoly, Fintech, gaming addictions and corruptions. After fines and remedies are in place, further crackdown should be eased. It has taken much longer than necessary.
Tutoring crackdown never ended. So I don't know why a member claimed otherwise. Chinese government actually put more restrictions during Dec, 2022. From my perspective, it is very difficult to stop tutoring completely especially for an East Asian society. However, if the crackdown could stop the advertising and peer pressure of tutoring than it is good enough.
As for Australia, does it really matter. Australia is hostile to China no matter what. Retaliation against Australia's hostile policies is a must. If China does nothing, many countries would be even more active in pursuing anti-China agendas. People claiming that China shouldn't retaliate lives in a fairy tale world. Lower the tensions with Australia with current administration won't stop hostiilty from Australia or resentment and hatred from Australians. The amount of negative publicity and hate from MSM has ensured of even worse environment from the West for China. A temporary reset is welcome but won't last. To be honest, Australia doesn't need to pick a fight with China but knowing Australia and how it jumped out for world affair and things that are none of its business I am sure Australia would strike again.
Except two to three quarters within last 3 years Zero Covid, China has out performed all major economies in the World with much lower deaths and less disruption and low inflation. It is a win for China no matter how you look at it. It is true that it takes longer for China to unwind many of its policies but Zero Covid or many other policies have fulfilled their purposes.
As for Chinese New Year, it is the most important holiday for Chinese especially for many migrant workers. Any disruption is not something that is avoidable. For many migrant workers, the Chinese New Year is a chance to make a change in their lives. Many of them could choose to quit their jobs and go back to their hometown to take care of their own personal business such as marriage, children, and parents. It also gives them an opportunities to choose again to go back to be a migrant worker or do something else. I think it is a necessary even if it caused disruption.
For Zero-Covid policy, most people in this forum or other places agree and predict that such restrictions would be lifted either a few months earlier or a few months later than what China did in Nov and Dec 2022. Not many people or any major media think China would be stuck in Zero Covid forever. To say such policy changed as U-turn is just laughable.
Same with Tech crackdown or even property crackdown, I actual never thought China would go that far to begin with. Cracking down on tech is focused upon only monopoly, Fintech, gaming addictions and corruptions. After fines and remedies are in place, further crackdown should be eased. It has taken much longer than necessary.
Tutoring crackdown never ended. So I don't know why a member claimed otherwise. Chinese government actually put more restrictions during Dec, 2022. From my perspective, it is very difficult to stop tutoring completely especially for an East Asian society. However, if the crackdown could stop the advertising and peer pressure of tutoring than it is good enough.
As for Australia, does it really matter. Australia is hostile to China no matter what. Retaliation against Australia's hostile policies is a must. If China does nothing, many countries would be even more active in pursuing anti-China agendas. People claiming that China shouldn't retaliate lives in a fairy tale world. Lower the tensions with Australia with current administration won't stop hostiilty from Australia or resentment and hatred from Australians. The amount of negative publicity and hate from MSM has ensured of even worse environment from the West for China. A temporary reset is welcome but won't last. To be honest, Australia doesn't need to pick a fight with China but knowing Australia and how it jumped out for world affair and things that are none of its business I am sure Australia would strike again.
Except two to three quarters within last 3 years Zero Covid, China has out performed all major economies in the World with much lower deaths and less disruption and low inflation. It is a win for China no matter how you look at it. It is true that it takes longer for China to unwind many of its policies but Zero Covid or many other policies have fulfilled their purposes.
As for Chinese New Year, it is the most important holiday for Chinese especially for many migrant workers. Any disruption is not something that is avoidable. For many migrant workers, the Chinese New Year is a chance to make a change in their lives. Many of them could choose to quit their jobs and go back to their hometown to take care of their own personal business such as marriage, children, and parents. It also gives them an opportunities to choose again to go back to be a migrant worker or do something else. I think it is a necessary even if it caused disruption.
antiterror13
Brigadier
996? did you mean working from 9am to 9pm Mon to Sat ? 72 hrs a week .. thats insane ... 1-2 months probably okay, but not a year
You guys sit in the office too often lol. This is life lol. They do get Chinese New year off though, 2 weeks home including travel.
In construction industry, we do that in Australia too, I often work 13 days straight with every 2nd Sunday off, 5am to 6 or 7pm every day, the boys does 12 hours days, we gotta be there before and after. We do get to go home much more often than them though lol. Americans works similar hours too. (yeah the proper hard working ones lol), they do similar hours, except because they are usually not in the middle of nowhere they don't go home as often.
Working class people everywhere gets fked all the same, no matter which country haha. (maybe except the lazy Euros)
If they are serious about long term economic prosperity，they would not prop up real-estate again，which is what they are doing now. Real-estate is a poison that the local gov addicted to it. It is the prime source of so many economic and social problems in China.