bladerunner
Banned Idiot
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Chinese Economics Thread
- Thread starter Norfolk
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bladerunner
Banned Idiot
Whats more interesting is that he goes on to say
"he did not see the situation as a sovereign debt crisis, arguing that eurozone has the money to save itself. "
bladerunner
Banned Idiot
As I said on countless occasions "Trash talking a market" goes hand in hand with a short seller. Futhermore Chanos never ever had more than 20% of his portfolio in the China market and if he is to be believed ,he's doing pretty well from shorting the property developers in China through the H-shares in Hong Kong as well as most of the larger Chinese banks.
Hendrik_2000
Lieutenant General
[
You are behind curve . the practice of overcharging on drug has been outlaw since last year I believe. There is overcrowding on hospital because everybody want to be served by the best doctor. As I say Rome is not built in a day. People mind have to be changed too. There is effort underway to built local clinic where neighborhood doctor can help with minor illness and developed rapport to the neighborhood
When it come to access to basic health care China is light years away compare to US. In china everybody is issued a health care magnetic card that has personal data. You just have to go to emergency hospital in US to see the chaos. Obama care is doing nothing as far as getting access to the basic health care for everybody. You still have to buy insurance from a private insurance company God help you if you don't have money
In addition, basic medicines are now sold at the same price across the country. This practice prevents hospitals from overcharging its patients. Pharmaceutical companies were also asked to start bidding for contracts, which led to a 30% reduction in the price of basic medicines.
Helping the “Three No” people
The new system is aimed especially at people with no resources, no ability to work and no one to support them (the so-called “Three No” people). It also entitles them to equal access to basic healthcare.
The old system was unaffordable for most rural and non-working urban residents, as well as for old and disabled people. Local governments now fully cover the individual health-insurance contributions of the latter group.
The rapid extension of health insurance in China can also be attributed to the 2010 Social Insurance Law, to which the ILO provided technical assistance.
“Due to the extension of health insurance in th
You are behind curve . the practice of overcharging on drug has been outlaw since last year I believe. There is overcrowding on hospital because everybody want to be served by the best doctor. As I say Rome is not built in a day. People mind have to be changed too. There is effort underway to built local clinic where neighborhood doctor can help with minor illness and developed rapport to the neighborhood
When it come to access to basic health care China is light years away compare to US. In china everybody is issued a health care magnetic card that has personal data. You just have to go to emergency hospital in US to see the chaos. Obama care is doing nothing as far as getting access to the basic health care for everybody. You still have to buy insurance from a private insurance company God help you if you don't have money
In addition, basic medicines are now sold at the same price across the country. This practice prevents hospitals from overcharging its patients. Pharmaceutical companies were also asked to start bidding for contracts, which led to a 30% reduction in the price of basic medicines.
Helping the “Three No” people
The new system is aimed especially at people with no resources, no ability to work and no one to support them (the so-called “Three No” people). It also entitles them to equal access to basic healthcare.
The old system was unaffordable for most rural and non-working urban residents, as well as for old and disabled people. Local governments now fully cover the individual health-insurance contributions of the latter group.
The rapid extension of health insurance in China can also be attributed to the 2010 Social Insurance Law, to which the ILO provided technical assistance.
“Due to the extension of health insurance in th
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When you read all the critics of China they all have one thing in common
1. Compare China today to West today, and when it inevitably fall short, call it FAILURE. But they NEVER compare China today with China yesterday to see how far they have come.
2. Pick a angle of attack where they see China have problem and declare it FAIL, and inevitably come up with the conclusion that they lack FREEDOM and DEMOCRACY, but at the same time they never look at some of other democracy such as India, Philippine, Haiti etc... who are democratic, but suffering FAR worse. Because when democracy don't work, never mention it, but by all means point out problem with non-democratic nation and automatically contribute it with lack of democracy.
3. When mention about China's GDP ranking, first thing they would say say per capital wise they are no where close, thus they will never catch up. As if Per capital GDP is the only measurement of a nation's success, as if Luxemburg today have almost 2x per capital GDP of US, but they would never think Luxemburg's is a more powerful nation than USA, but yes, the different standard very much apply to China.
4. Attribute everything going on in China with democracy, pollution? Yes of course, the CCP don't care about environment. Low school ranking? CCP does not allow free thinking. Accidents? CCP's corruption causing death. People protesting about Japan's action? Of course CCP's brainwashing people to hate Japan. German climber dies in Nepalese avalanche? CCP refused to offer them permit to use China side to climb.
There are so much more, I will post them as I remember it. Basically all the common theme is putting China down to make oneself feel better, emphasis China's problem as much as possible and come up with the conclusion that China is DOOMED, while never offer any solution (except DEMOCRACY of course).
1. Compare China today to West today, and when it inevitably fall short, call it FAILURE. But they NEVER compare China today with China yesterday to see how far they have come.
2. Pick a angle of attack where they see China have problem and declare it FAIL, and inevitably come up with the conclusion that they lack FREEDOM and DEMOCRACY, but at the same time they never look at some of other democracy such as India, Philippine, Haiti etc... who are democratic, but suffering FAR worse. Because when democracy don't work, never mention it, but by all means point out problem with non-democratic nation and automatically contribute it with lack of democracy.
3. When mention about China's GDP ranking, first thing they would say say per capital wise they are no where close, thus they will never catch up. As if Per capital GDP is the only measurement of a nation's success, as if Luxemburg today have almost 2x per capital GDP of US, but they would never think Luxemburg's is a more powerful nation than USA, but yes, the different standard very much apply to China.
4. Attribute everything going on in China with democracy, pollution? Yes of course, the CCP don't care about environment. Low school ranking? CCP does not allow free thinking. Accidents? CCP's corruption causing death. People protesting about Japan's action? Of course CCP's brainwashing people to hate Japan. German climber dies in Nepalese avalanche? CCP refused to offer them permit to use China side to climb.
There are so much more, I will post them as I remember it. Basically all the common theme is putting China down to make oneself feel better, emphasis China's problem as much as possible and come up with the conclusion that China is DOOMED, while never offer any solution (except DEMOCRACY of course).
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bladerunner
Banned Idiot
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Western media's critique of China ranges from the subtle (BBC) to the right in your face (Fox News) it's never going to be balanced since in "democracies" any two bit hack with an axe to grind can air their viewpoint right or wrong and some one's going to listen to them. So don't get too hot under the collar about how things get reported, when I visit the USA after the ritual humiliation that is US border control I collapse into the hotel switch on the TV and watch Fox News to remind myself why the USA is far from the utopia that it's vested interests like to paint! Not wanting to tar everyone with the same brush I find trips to Canada, weather aside, to be much more beneficial to one's state of well being!
Beauty is in the eye of the beholder, the British will proclaim that they ended the slave trade but miss out the bit about how they profited from it economically for 2 centuries. History is littered with inconvenient truths that the "western" world would handily not like to be discussed everything from the "opium wars" (government sponsored drug trade!) to "stealing tea plants" (Intellectual Theft!). When the confederates are stopped from seceding through force of arms in the American Civil War it's hailed as a triumph of democracy, prevention of Tibetan secession, however, is the brutal repression of a minority! Hypocrisy and self interest are inherent in human nature!
In economic terms China's history is cyclical reaching from glorious highs to miserable lows, it's current upward trajectory from an historic low, if sustained, will see it return to it's position as largest global economy for the majority of recorded history. If it doesn't it will simply be the start of the next cycle. If you happen to be Chinese the return to the historical norm is probably to be celebrated if you are not it is rapidly becoming an article of faith that it should be feared. Personally, I wish them well in their endeavors!
Lol big deal if stocks go down.
Doesn't mean jack for the economy.
Chanos predicted the total collapse of china, he said china is 1000 times of Dubai crash.
Never happened.
Chanos is a fraud, the crap he uses to justify china collapse theory is utterly hilarious but the china haters like western media never question him.
When he says the most crazy thing, no one asks for proof, they just take him at his word.
Chanos has been 100% wrong, anyone that says otherwise is an economic noob.
His points on Chinese consumption, property, construction and many other things shows a lack of knowledge about macroeconomics and the development stage of the Chinese economy.
It will take me ages to write it, but I will do it in the future.