Who do you think owns the MSM, its the smart rich people robbing the dumb rich people.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
"China cannot innovate"
"China can only copy"
"China's designs are not original"
"China can only build upon stolen western designs"
"China can only make small innovations"
"China can innovate, but we innovate more"
You are here ---> "China's innovation advantage"
The end of the "China cannot innovate" saga.
BTW can someone make a post containing all the China cannot innovate articles?
FriedRiceNSpice
Captain
I think that would exceed SDF's maximum post length limit.
The Chinese are different. This is what I mean.
Actually, this was going to turn into an essay, which is not what we should be doing here, lol.
Briefly, the Chinese are different. Because we don't change.
From Qin Shi Huang, to Chairman Mao, there was no revolutions in China.
But that is not entirely correct. May 4th movement lead to a revolution, then the communist revolution, then the Great Proletariat Cultural Revolution, and followed by Deng's reforms and the greatest creation of wealth in the shortest possible time of large number in entire human history which is a bigger revolution than all the other previous Chinese revolutions these past 120 years.
Think of that, that China went through four major revolutions in the 1900's. Four major revolutions in only 100 years.
But, in the end, who are we? We are still the same.
So what is the point? I don't know. There may be no answer here.
The Chinese going through 4 major revolutions in the 1900's, well, that is just normal.
The Chinese having no revolutions in the 2000 years between Qin Dynasty and Chairman Mao, well, that is just normal too.
There is no answer for that, and not sure if we even need one.
As for the article, I don't necessarily disagree with that guy premise, but don't think that is the answer.
supercat
Major
The rate reduction will be for 1st home buyers only.
David P. Goldman thinks that China's productivity is surging.
Brad Setser doesn't think China has any problem fighting RMB devaluation if they choose to do so.
Another part to HW's comeback is its growth in smart watch field. it is doing well in the high end watches. Obviously still smaller field than phones, but as smart watch get higher end, they can start replacing the traditional high end watches too
August PMI really isn't that bad. Going in the right direction again at least
From what I can see, steel demand and construction is down, but other stuff are doing better
From what I can see, steel demand and construction is down, but other stuff are doing better
Not a surprise at all the hardest hit sectors in the economy during the lockdowns was the services and retail sectors as people were locked up in their homes. People couldn’t go out or travel. That is a big reason for the high youth unemployment rate as retail is one of the largest employer for young people. Now with re-opening those sectors are going to grow fast. But housing and exports will drag down growth and those problems won’t go away for sometime to come. Another growth sector in the economy will be high tech as there are huge investments being made there. They "sacrificed" the real estate and the internet industries so they can invest more there.