Chinese Economics Thread

[Deleted member 24525]

????? You OK? Austria?

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Is Austria particularly known for a comparable economy with Russia or something?

Australia is. Mining, farming, resources. But without ANY of the value added industries like aerospace and not even that much oil. Yet 50k+ GDP per capita.

Everything you said applies 100x more to Australia.

Australia's GDP is 3/4 that of Russia with 1/8 the population, of course their per capita output will be higher. I am talking about what determines the GDP of countries that are not blessed with hugely disproportionate natural resources relative to their population. In that case the level of technology is paramount.

 

[SanWenYu]

Australia's GDP is 3/4 that of Russia with 1/8 the population, of course their per capita output will be higher. I am talking about what determines the GDP of countries that are not blessed with hugely disproportionate natural resources relative to their population. In that case the level of technology is paramount.

Then what technologies does Australia have that Germany does not, given that the former's nominal GDP per capita is much higher than that of the latter?

If you attribute higher GDP per capita of economies to their levels of technology, you might need to explain at what levels these

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Monaco, Liechtensten, Luxembourg, Bermuda, Cayman Islands, Isle of Man, Iceland, Faroe Islands, Channel Islands.

Oh, I don't mind adding Macau. These all sit above Australia in that list. What technological advantage do these economies have over Australia?

 

[sunnymaxi]

Then what technologies does Australia have that Germany does not, given that the former's nominal GDP per capita is much higher than that of the latter?

If you attribute higher GDP per capita of economies to their levels of technology, you might need to explain at what levels these

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are:

Monaco, Liechtensten, Luxembourg, Bermuda, Cayman Islands, Isle of Man, Iceland, Faroe Islands, Channel Islands.

Oh, I don't mind adding Macau. These all sit above Australia in that list. What technological advantage do these economies have over Australia?

Australia and Canada probably the two most overrated developed countries in the world. both have 62% and 70.2% service based economies respectively.

the reality is, we don't have accurate method to calculate the real GDP of world economies. both Nominal and PPP have flaws. example is Russia. especially after Sanctions we cannot count Russian GDP in Dollars term.

 

[Deleted member 24525]

Then what technologies does Australia have that Germany does not, given that the former's nominal GDP per capita is much higher than that of the latter?

If you attribute higher GDP per capita of economies to their levels of technology, you might need to explain at what levels these

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are:

Monaco, Liechtensten, Luxembourg, Bermuda, Cayman Islands, Isle of Man, Iceland, Faroe Islands, Channel Islands.

Oh, I don't mind adding Macau. These all sit above Australia in that list. What technological advantage do these economies have over Australia?

Given that I explicitly mentioned Australia's enormous natural resource wealth as disqualifying it from the usual standards of what determines a country's per capita output, I think any reasonable reader could infer that this extends to things like island tax havens and financialized city-states.

 

[coolgod]

Given that I explicitly mentioned Australia's enormous natural resource wealth as disqualifying it from the usual standards of what determines a country's per capita output, I think any reasonable reader could infer that this extends to things like island tax havens and financialized city-states.

Maybe your theory on GDP and economy is the adhoc one.

 

[Deleted member 24525]

Maybe your theory on GDP and economy is the adhoc one.

Excluding statistical outliers is not a cop out. This is standard practice in any field that involves analyzing sets of numbers.

 

[Bellum_Romanum]

Maybe your theory on GDP and economy is the adhoc one.

GDP is real as this restaurant.

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[coolgod]

Excluding statistical outliers is not a cop out. This is standard practice in any field that involves analyzing sets of numbers.

Lmao, excluding the top ten regions in a GDP per capita ranking is considered excluding statistical outliers. If I could delete the top ten peaks in my experimental graphs, you would not believe the kind of theories I can come up with.

 

[BoraTas]

????? You OK? Austria?

64

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87

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-0.53

3

Is Austria particularly known for a comparable economy with Russia or something?

Australia is. Mining, farming, resources. But without ANY of the value added industries like aerospace and not even that much oil. Yet 50k+ GDP per capita.

Everything you said applies 100x more to Australia.

Australia is one of those countries who blessed with a huge amount of resources per capita and stability. Similar to the Nordics. This is why I laugh at people who advocate for the Nordic model in the developing world. That thing couldn't be replicated by the rest of the West. If you are stable, have access to large markets, and have km^2s of land per capita, then go on and replicate the Nordic and Australian models. Otherwise, East Asia is a better role model.

 

[antiterror13]

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Xi meeting with US investors in San Francisco. "As the guest of honor, Xi will deliver a major speech at a gala dinner co-hosted by the National Committee on US-China Relations and the US-China Business Council.

Each participant will have to pay US$2,000 to attend the event. Eight VIPs will be able to sit around a table with Xi at a cost of US$40,000 each."

Loll, are they meeting Xi or are they meeting Warren Buffett. Can't believe the government agreed to this.

China buy a lot of oil from Iran and Russia which are sanctioned by the US, does it mean some Chinese officials are criminal under US law ... remember Huawei CFO that arrested in Canada ..... does it mean the US could arrest some of Chinese officials during APEX ? .. well I know it is extremely unlikely, but there was a precedence