Chinese Economics Thread
- Thread starter Norfolk
- Start date
at this pace, realistically America is on pace to become another natural resource exporter to China, since it is unwilling to export anything with technology in there. This will have devastating consequences on Boeing & other companies.
Applied Materials, LAM Research, KLA, Boeing are already suffering. I wonder how John Deere is doing lol.
China should encourage natural resource exports from the US. Use economic incentives to shape their policy.
escobar
Brigadier
For China, boosting consumption has been as elusive as health-care reform in the United States: there has long been a consensus on the need for change but little to show for it. The main difference, however, is that China is still far below U.S. levels of GDP per capita, and relying on consumption is Beijing’s best bet to draw level. Whether it likes it or not, China faces a stark choice. It can either choose a pro-consumption path or risk forfeiting its goal of becoming the world’s largest economy over the next decade.
Advices from a failing Hegemon? Oh please.
one of the authors of this article also had this take so maybe take what they say with a grain of salt
Anyway this article massively oversimplifies the issue and ignores some key facts, it conveniently leaves out the fact China has the world's largest retail market, sells twice as many cars as the US etc, the article also repeats the myth that governmental control and growth can't coexist, a thesis that has been disproven many times over, I can feel the influence of Pettis on the authors of the article, most of the points in it are things that he's been harping about for 15 years and has been consistently wrong about
Moreover, China will overtake the US in nominal GDP (a mostly meaningless statistic but good for bragging rights), China will grow at 4-5.5% per year through the decade, the US will grow at .5-1.5%, and that's not even taking into account the possibility of recession in the US
Houze Song is a Western and pro-West think tanker. Anyone who is going to take his advice might as well commit suicide now, because that's ultimately going to be the end result anyways.
What is the physical consumption of China? As in, number of units of cars, appliances, smartphones, clothes, etc sold? How many calories are consumed? Because at some point, you can't raise consumption without raising prices or charging for previously free services anymore.
US has very high consumption because everything is expensive. But what is the physical reality on the ground?
