Chinese Economics Thread

[resistance]

Focusing on developing 2nd / 3rd tier cities is a great policy. As costs in 1st tier cities rise, investment should be channeled to 2nd / 3rd tier cities in order to create jobs and increase consumption in these cities. This will drive up demand for goods/services and address most of the potential economic obstacles and societal issues facing the nation today.



Hukou reform by itself may be not enough. Actual investments in non first-tier cities need to be made in order to create jobs and encourage people to move to those cities. Spreading high paying jobs to cities with lower housing and living costs will have a greater effect on driving up demand, which in turn also will create more jobs for workers without high demand skills/talent, further driving up consumption and demand. Focus should be expanded beyond the top talents and high skilled workers, as increasing incomes and wealth of common workers is going to have a much larger impact on consumption and also staves off societal concerns.

This is why I advocated for reducing class size to maximum of 40 especially in 2nd and 3rd tier cities. Increase school budget to build more class will make construction sector survive, and hiring tutor as Teacher assistance will help easing unemployment.
Declining birthrate will soon reduce class size to 20 which is an ideal class size.

 

[Biscuits]

Because Mao is not a Zealot and had capable and rationale Comrades to depend on while Pol Pot is a despot.

These are not comparable at all except on the most surface of levels. They both shared some ideological symbolism, and that's basically it. They didn't even work in similar political systems.

One reconstructed his country from a warlord era into a great power and created a strong lasting legacy of both civilian and military excellence. The other ran his country completely into the ground and worsened it in every way.

This comparison is like comparing Wilhelm I and Nicholas II lol. Both were on the surface "emperors", but worked in completely different political systems, with completely different legacy on their subjects.

 

[jwnz]

Finally a sensible western take on China's economy.

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While the article is sensible, but the comments are typical of people in denial LOL... as the saying goes you can lead a horse to water but you can't make it drink.

China is always a threat and about to collapse simultaneously, perhaps that's why China is good at quantum physics.

 

[HereToSeePics]

Surprisingly, The Drive (parent of publication of The War Zone) published an article debunking the doom and gloom and fake-numbers clickbait about China's EV industry related to that EV graveyard image that came out last month.

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TLDR - all of the vehicles are well used 5-6 year old EVs owned by a defunct car share startup. since the company is no longer operating, the ownership of those cars are murky and can't be transferred/resold just yet.

 

[Bellum_Romanum]

Surprisingly, The Drive (parent of publication of The War Zone) published an article debunking the doom and gloom and fake-numbers clickbait about China's EV industry related to that EV graveyard image that came out last month.

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TLDR - all of the vehicles are well used 5-6 year old EVs owned by a defunct car share startup. since the company is no longer operating, the ownership of those cars are murky and can't be transferred/resold just yet.

Here's the video report that I posted on NEV sub thread about this.

 

[supercat]

Surprisingly, The Drive (parent of publication of The War Zone) published an article debunking the doom and gloom and fake-numbers clickbait about China's EV industry related to that EV graveyard image that came out last month.

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TLDR - all of the vehicles are well used 5-6 year old EVs owned by a defunct car share startup. since the company is no longer operating, the ownership of those cars are murky and can't be transferred/resold just yet.

Talking about the auto industry, China is now a force to be reckoned with on the world stage. 80% of July's export is local brands.

China’s July automobile exports jump 63 per cent, helping extend the lead over Japan as the world’s biggest vehicle-exporting economy​

• China’s July overseas shipments jumped 63 per cent to 310,000 vehicles from a year ago, raising the total to 2.65 million units in the first seven months of the year
• Local brands made up 248,000 units, or 80 per cent, of July’s exports, according to data compiled by the China Passenger Car Association

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[KYli]

It is time to provide more liquidity and cheaper loans to boost the Chinese economy especially as the inflation is near zero. I think the Chinese government should have been more aggressive in using the monetary tools to stimulate the economy.

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[FairAndUnbiased]

Here's the video report that I posted on NEV sub thread about this.

I fucking hate how a whte man has to say something before it is listened to, while a Chinese man saying the same thing is never taken seriously.

That's why I think warnings and threats are useless - they won't listen, and this has been historically proven with MacArthur. They don't listen till you beat the shit out of them and shove it down their throat.

 

[Quan8410]

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All important economic indicators slowed down in July, while urban jobless rate is higher.

Quoted NBS

The NBS said more efforts should be made to consolidate the foundation for economic recovery, and the country should step up macroeconomic policy support with a key focus on expanding domestic demand, boosting confidence and preventing risks

 

[tonyget]

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China will stop publishing youth unemployment rate starting in August