Chinese Economics Thread
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Agree 100%. Getting angry and sad wont change reality. The US obviously doesn't want to cede or share its pre-eminent global position with China or anyone for that matter. Its normal that they will try and suppress a rival/rising power. Its always been like that for centuries. So if Chinese leaders didn't prepare for this or naively thought they would be allowed to rise to global superpower status uncontested then i can only say they are less shrewd and smarter than i gave them credit for.
To me i see nothing surprising or contradictory here whatsoever.
China’s online retail sales rose 11.2% to CNY12.3 trillion (USD1.7 Trillion) in the first 10 months from a year ago, contributing 32% of all retail sales in the period, according to commerce ministry data. Live-streaming e-commerce sales jumped 59% to CNY2.2 trillion (USD305 Billion)..
It is quite funny to see so many experts predicting that China will never surpass the US in nominal GDP, with some even singling out low consumption as a major issue, immediately following a post that shows that Chinese online retail is on pace be double the US this year even at current exchange rates.
Agree 100%. Getting angry and sad wont change reality. The US obviously doesn't want to cede or share its pre-eminent global position with China or anyone for that matter. Its normal that they will try and suppress a rival/rising power. Its always been like that for centuries. So if Chinese leaders didn't prepare for this or naively thought they would be allowed to rise to global superpower status uncontested then i can only say they are less shrewd and smarter than i gave them credit for.
To me i see nothing surprising or contradictory here whatsoever.
I don't see it that way at all. The U.S. is not like one of those primitive powers of centuries past that tries to dominate everyone. It is really an exceptional country that was founded on the ideals of human equality, and, as Antony Blinken said, although it often is imperfect, it tries to improve itself and strive to be good. That is why so many countries from Europe to Japan consent to live under U.S. domination - because they know that, the U.S. is a benevolent power that will not try to hold down their peoples just for wanting a better life. That is why it is such a surprise, to me, and morally wrong, thay the U.S. would try to do this to China.
And for those of you who glibly and smugly say, "You should have expected this", consider this: If the U.S. suppressed China's development successfully, the next day it could do the same to your country, if your country were to become too successful or cross whoever is in Washington at the time. Would you be so complacent and accepting then? If the U.S. can suppress any country's development by diktat from Washington, then it will be able to subjugate anyone. There, it is in the interests of 90% of the world's population that technology is distributed and not in the hands of such a small group of elites.
As an American, I can only push for my government to change policy and adopt a more enlightened approach that will restore our moral high ground in the future.
Surpass in nominal GDP? but such measurement is dependent on the U.S. currency, which is the defacto world reserved currency. When the dollar inflates/appreciates its value up goes it's GDP while the countries of the world suffers and are affected, China is of no exception. Is it not the case?
A lot of these writings and prognostications of China winning, China collapsing are being done majority of the time, by Western-China watchers, both the doomers/gloomers and boomers. China never publicly expressed that their intended desire is to surpass America's nominal GDP by such a date in x,y,z when in fact, by the time managed to surpass U.S. GDP via PPP calculation the general consensus in China's leadership was of alarm, since they were quite adept and sensitive to how the Americans would perceive such unwelcome news. The ego, and butthurt from the Americans would be unbearable as we have all witnessed these many years.
Western publications, build up their China strawman, both pros and cons, then they busily argue with, for, and against themselves deconstructing, explaining, extrapolating their fallacious arguments without actually giving a flying 2 bits what the actual Chinese people both from within and without the government.
Western mindset is quite extraordinary when it comes to inventing fiction.
NEVER GOING TO HAPPEN. THE NOTION THAT AMERICA WAS A BENEVOLENT POWER IS A FICTION; A PRODUCT OF YOUR COUNTRY'S GREAT LITERARY WRITERS AND STENOGRAPHERS.
I don't know if you're an American of European ancestry, or a banana that have swallowed such b.s. which means you and your family, along with your friends have been successfully deprogrammed to swallow the whole hearted fictionalized history of America.
"I don't see it that way at all. The U.S. is not like one of those primitive powers of centuries past that tries to dominate everyone. It is really an exceptional country that was founded on the ideals of human equality, and, as Antony Blinken said, although it often is imperfect, it tries to improve itself and strive to be good."
When I read this, I had to check to make sure I wasn't in the Funny Stuff thread.
How much were you paid for this post? I guess we dont have conflict-of-interest disclosures required, not that it would be enforceable in an internet forum.