Chinese Economics Thread

[ansy1968]

I would respectfully disagree on this point.

As I got some very deep ingrained biases.

In America this is all a racket.

The stock market and financial industry is rigged, it is a racket.

The pharmaceutical industry has the big companies own everyone's you know what, that is an entire racket.

Even education is a racket, with certain schools not admitting the best academically qualified students.

That is why for some industries like health care and education, in America the costs are always going up far more than anything else because they industries are rackets nowadays.

Now the entrenched special interests are too deep into the system to be able to root out some of the problems.

Bro to support your argument, here is Steve Hsu podcast with Louis-Vincent Gave very insightful indeed.

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Steve Hsu is Professor of Theoretical Physics and of Computational Mathematics, Science, and Engineering at Michigan State ...

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[Maikeru]

Bro to support your argument, here is Steve Hsu podcast with Louis-Vincent Gave very insightful indeed.

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Steve Hsu is Professor of Theoretical Physics and of Computational Mathematics, Science, and Engineering at Michigan State ...

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Just listened to it tonight. Fascinating stuff! LVG is founder of Gavekal Dragonomics of HK and Beijing.

 

[TK3600]

The main culprit is China doing policies which greatly suppress medical costs, this is good for the consumers and for life expectancy, but not good to grow the market, or provide an ideal environment for medical staff.

Even so, when it comes total pharma production, China is by far a net exporter, they're just not the no1 when it comes to the total value of the pharms. Which value basically depends on what local pharmacy benefit managers negotiate.

China can profit by export. It just takes time. Even if China achieve leading medical science today, it still takes 5 years of testing. This is why medicine is slow to catch up. Iteration cycle too long.

 

[ansy1968]

Just listened to it tonight. Fascinating stuff! LVG is founder of Gavekal Dragonomics of HK and Beijing.

I wish he participate in a debate with Peter Zeihan BUT knowing Peter he won't cause he is a CIA mouthpieces not an analysis.

 

[Maikeru]

I wish he participate in a debate with Peter Zeihan BUT knowing Peter he won't cause he is a CIA mouthpieces not an analysis.

I don't think any serious economist or analyst takes PZ for anything but a clown.

 

[sanctionsevader]

I wish he participate in a debate with Peter Zeihan BUT knowing Peter he won't cause he is a CIA mouthpieces not an analysis.

Ironically, as someone unfamiliar with Gave, this interview gave me a strong impression that he is a French intelligence asset (not intended as criticism or anything, I don't really care and i'm not surprised by foreign intel assets in HK anymore). All the details he gave about his background fit, and his occupation and location also fit lol.

 

[ougoah]

I don't think any serious economist or analyst takes PZ for anything but a clown.

Yes but go easy on the CCP agent PZ. He's the Gordon Chang for the millennial generation and Gen Z. His "bad takes" are there as one thread in the wool over the enemy's eyes . It's remarkable western audiences by and large have not realised how wrong PZ has been and continues to be. Worth every CCP pay packet.

 

[donjasjit]

Very Interesting article about China's property market that everyone should read. This single article has made me understand this market more than anything I have read before.

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If this has been posted before I apologize.

I had started believing Western claims that there was overproduction in Chinese property market and that property prices had risen too fast. This article demolishes all those claims. It shows that those people in the West who believe that the collapse of the property market will bring China's economy down are going to be rudely surprised.

 

[gelgoog]

Yes but go easy on the CCP agent PZ. He's the Gordon Chang for the millennial generation and Gen Z. His "bad takes" are there as one thread in the wool over the enemy's eyes. It's remarkable western audiences by and large have not realised how wrong PZ has been and continues to be. Worth every CCP pay packet.

Every time I hear Peter Zeihan claim that the Japanese Navy is more powerful than the PLAN I just roll my eyes.

It is like he is stuck in a timewarp where he lives like two decades ago. For example only recently he seems to have realized Power of Siberia gas pipeline exists, and I think he still hasn't realized the ESPO oil pipeline exists.

In a decade China might have switched most of its automotive fleet to run on electricity and he will still be claiming that they can crash the Chinese economy by blocking its maritime access to Middle Eastern oil.

 

[ougoah]

Every time I hear Peter Zeihan claim that the Japanese Navy is more powerful than the PLAN I just roll my eyes.

It is like he is stuck in a timewarp where he lives like two decades ago. For example only recently he seems to have realized Power of Siberia gas pipeline exists, and I think he still hasn't realized the ESPO oil pipeline exists.

In a decade China might have switched most of its automotive fleet to run on electricity and he will still be claiming that they can crash the Chinese economy by blocking its maritime access to Middle Eastern oil.

Which is partly why I suspect he's under CCP pay to say all these things. Hide your strength and mislead adversary is part of Chinese strategy anyway. Rather than proclaiming strength where it has none like Indians do, Chinese prefer others to think they are weak when they are not.

Peter Zeihan is plain wrong on more points than I care to count. This cannot truly be by accident unless he is either a paid Chinese agent or simply shilling to the China hating crowd just to sell books, videos, talks whatever. Sometimes for PZ, it could even be a one stone two bird situation.