Chinese Economics Thread

L

luminary

Senior Member
Registered Member
European luxury brands now taking the China market extremely seriously, as EU nations enters recession, traditional customers dry up, and Chinese customers begin pivoting to domestic brands.

Please, Log in or Register to view URLs content!

Summary of the big names:
 
C

CMP

Senior Member
Registered Member
luminary said:
European luxury brands now taking the China market extremely seriously, as EU nations enters recession, traditional customers dry up, and Chinese customers begin pivoting to domestic brands.

Please, Log in or Register to view URLs content!

Summary of the big names:
Click to expand...
It's one thing selecting Chinese to represent the brands within China (using Chinese to exploit China). It's another thing entirely to see them selecting Chinese to represent the brands in the West (using Chinese to exploit the West). This is not a win for China. Just a sign of more clever exploitation of China.
 
mossen

mossen

Junior Member
Registered Member
The Economist has a useful comparison of GDP per capita, but also adjusted for cost differences and working hours.

The ranking looks like this:

Screenshot 2023-12-19 at 16-55-21 The world’s richest countries in 2023.png

I wanted to look up China, so I found it.

Screenshot 2023-12-19 at 16-57-18 The world’s richest countries in 2023.png

Western media make fun of the CCP when it claims China is still a developing country, but the data does give credence to the idea. Yes, eastern coastal cities are very shiny and beautiful. But the people living in the country are still quite poor, especially once you adjust for China's much longer working hours. That should support a higher growth rate going forward, given substantial distance to the frontier.
 
In4ser

In4ser

Junior Member
CMP said:
It's one thing selecting Chinese to represent the brands within China (using Chinese to exploit China). It's another thing entirely to see them selecting Chinese to represent the brands in the West (using Chinese to exploit the West). This is not a win for China. Just a sign of more clever exploitation of China.
Click to expand...
Still a step up from promoting a bunch of White people as the model of beauty and luxury as they used to do. It only brainwashes people especially liberal to idolize Western fetishism especially by Chinese women for foreign men over locals.
 
S

Serb

Junior Member
Registered Member
mossen said:
The Economist has a useful comparison of GDP per capita, but also adjusted for cost differences and working hours.

The ranking looks like this:

View attachment 122863

I wanted to look up China, so I found it.

View attachment 122864

Western media make fun of the CCP when it claims China is still a developing country, but the data does give credence to the idea. Yes, eastern coastal cities are very shiny and beautiful. But the people living in the country are still quite poor, especially once you adjust for China's much longer working hours. That should support a higher growth rate going forward, given substantial distance to the frontier.
Click to expand...


Yeah, they may be working longer hours, but they typically retire 10 years earlier than in the West. Also, everyone reports their GDPs differently, for example, China's strategic ideology is to always downplay its capabilities, that's why you always hear their state media and politicians say "2nd largest economy" despite it being a laughable statement if you compare China and US economies today in any real parameter.

Whereas the US strategic thinking for example is to always be boastful, that's why Chinese GDP numbers are probably downplayed by 10-20% (due to a lot of unregistred business activity), whereas the US are artificially boasted by 10-20% (due to accounting machinations).

It all comes down to civilizational differences between them. For example, it's better for to someone be underestimated and then surprise their opponent, than to be boastful and get slapped in the face when reality hits them.

Also, it's a matter of motivation, if you are saying you are 2nd, of course, your population will be motivated to work harder than if you said you are the most exceptional country in intergalactic history, can "walk and chew" at the same time, you will then collapse into sloth and hubris.



https://twitter.com/i/web/status/1732104053507883075
 
C

CMP

Senior Member
Registered Member
In4ser said:
Still a step up from promoting a bunch of White people as the model of beauty and luxury as they used to do. It only brainwashes people especially liberal to idolize Western fetishism especially by Chinese women for foreign men over locals.
Click to expand...
Yes, but I am still of the firm conviction that Chinese should not be financially supporting foreign entities through purchase of non-essential goods and services. Domestic alternatives need to be cultivated to supplant them. On a government, corporate, and social level, these foreign luxury brands should be stigmatized as well.
 
BoraTas

BoraTas

Captain
Registered Member
ougoah said:
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.
Click to expand...

A lot of people are plain wrong about everything China. For example Michael Pettis. The guy is less ridiculous Gordon Chang at this point. For almost 15 years he has been saying "China will have a big financial crisis in 3-5 years if they don't consume more and invest less".
It is just a network of tropes generating new tropes at this point. Nobody even bothers to read Chinese sources because they are illegitimate by default in their view. The Economist is legitimate despite being consistently wrong about everything (not just related to China).
 
In4ser

In4ser

Junior Member
CMP said:
Yes, but I am still of the firm conviction that Chinese should not be financially supporting foreign entities through purchase of non-essential goods and services. Domestic alternatives need to be cultivated to supplant them. On a government, corporate, and social level, these foreign luxury brands should be stigmatized as well.
Click to expand...
At the end of the day, we live in a globalized market unless you want China to become an Autarky you need to allow foreign brands and investment to remain on the cutting edge of global fashion and pop cultural trends.

Just got to be patient. Domestic alternatives will take time to grow especially since most of the energy and attention is focused upon STEM fields and geopolitical pushes. I think fashion and pop culture is less of importance for China atm perhaps maybe too much as too avoid the mistakes of the Qing. Whereby traditionally China focused internally upon Arts and Humanities vs Science and Technology comparatively.
 
Last edited:
siegecrossbow

siegecrossbow

General
Staff member
Super Moderator
BoraTas said:
A lot of people are plain wrong about everything China. For example Michael Pettis. The guy is less ridiculous Gordon Chang at this point. For almost 15 years he has been saying "China will have a big financial crisis in 3-5 years if they don't consume more and invest less".
It is just a network of tropes generating new tropes at this point. Nobody even bothers to read Chinese sources because they are illegitimate by default in their view. The Economist is legitimate despite being consistently wrong about everything (not just related to China).
Click to expand...

Western economic pundits are incredibly short sighted and doesn’t value anything that doesn’t generate immediate revenue or stock market returns. They keep on saying that Chinese HSR is a white elephant that will never pay itself back without realizing the long term logistic advantages it will create.
 
BoraTas

BoraTas

Captain
Registered Member
siegecrossbow said:
Western economic pundits are incredibly short sighted and doesn’t value anything that doesn’t generate immediate revenue or stock market returns. They keep on saying that Chinese HSR is a white elephant that will never pay itself back without realizing the long term logistic advantages it will create.
Click to expand...

I will sound like pmc but look at how many aircraft India is buying.
Please, Log in or Register to view URLs content!

This is what happens if you are a large developing country without high speed rail. The country already has a trade deficit but it has to import aircraft and more oil to satisfy mobility needs. All the money that would go to domestic tech and workers will now go to Arabs and Western aerospace.
 
You must log in or register to reply here.
Top