Chinese Economics Thread

[AndrewS]

I question that HSR couldn't happen in the West and India. It originated in Europe after all! Maybe India couldn't follow the same path China did, but what about Indonesia, Laos and Sri Lanka? How did Japan do it?

India definitely has the population density and cities at appropriate distances for a high-speed railway trunk network to be wildly profitable - like we see with the Tokaido Shinkansen or Beijing-Shanghai line. These lines compete against expensive airfares.

The question is whether India can build in a reasonable timeframe and reasonable cost.

 

[antiterror13]

India definitely has the population density and cities at appropriate distances for a high-speed railway trunk network to be wildly profitable - like we see with the Tokaido Shinkansen or Beijing-Shanghai line. These lines compete against expensive airfares.

The question is whether India can build in a reasonable timeframe and reasonable cost.

Without help from China .. the answer is very obvious, India can't

 

[donjasjit]

India definitely has the population density and cities at appropriate distances for a high-speed railway trunk network to be wildly profitable - like we see with the Tokaido Shinkansen or Beijing-Shanghai line. These lines compete against expensive airfares.

The question is whether India can build in a reasonable timeframe and reasonable cost.

India will go the same route that China did in the beginning, it will use Japan's expertise. China is a better option since that are more advanced than anyone else in this technology and give a better price.

Unfortunately, geopolitics rears it's ugly head.

 

[BlackWindMnt]

India will go the same route that China did in the beginning, it will use Japan's expertise. China is a better option since that are more advanced than anyone else in this technology and give a better price.

Unfortunately, geopolitics rears it's ugly head.

But a big difference between China and India now is the industrial base, is India even industrially ready to exploit high speed rail knowledge and know how?

 

[GiantPanda]

Why bring up India in this thread? It is irrelevent to this thread and acts as a trolling rod. Please post in the India economic thread.

 

[Serb]

From 2000-2023, the G7's share of global GDP (PPP) fell from 44% to 30%. China’s share rose from 7% to 19% in the same period.

However, if it factors in only the real economy, meaning manufacturing without financial engineering and services.

In that regard China is above the rest of the world combined, already, not just the G7. And that is the biggest metric for the power of one country.

And even with all of those nominal GDPs, Western populations are still unhappier than Chinese on average.

20% average government approval ratings nowadays in Germany, and Japan, the rest are maybe 30-40% max, whereas China is 90-95%.

Anyway, BRICS as a whole already has a bigger GDP PPP world share than G7, and SCO has double the share of the EU too.

So, if we counted the US with its allies, we should also count China with its allies as well, at least up to a certain degree.

And keep in mind that China has the potential to multiply its GDP at least a couple of more times before it stagnates like the West.

Before it maximizes its existing base productivity to the maximum and aging society kicks it, it will be in GDP PPP terms above the G7 on its own.

Asia as a continent is rising in total too, and it seems that the whole world is finally going back to the pre-colonial realities of economic distribution.

Africa and Latin America will probably retain the same share, but China and some parts of Asia will overtake the West like its natural.

 

[henrik]

India definitely has the population density and cities at appropriate distances for a high-speed railway trunk network to be wildly profitable - like we see with the Tokaido Shinkansen or Beijing-Shanghai line. These lines compete against expensive airfares.

The question is whether India can build in a reasonable timeframe and reasonable cost.

India wants to steal the technology from Japan, or pay with their Indian currency which has little use worldwide..

 

[Serb]

These graphs illustrate just how far ahead of everyone else China is. This is economic power - actually useful and transferable into your comprehensive national and military capabilities.

This is real life, not some illusionary cognitive biases, delusions, hubris, fascism, superiority-complex, toward others that are coming from the Western media.

Or else you wouldn't have Russia supposedly economically 'the size of Italy' outproducing the entire NATO. This is real life - and they are living in different dimensions from the rest of the world.

 

[Serb]

This is a good graph illustrating what I talked about a few threads ago, how due to near-time possible geopolitical escalations, China is partly switching from the standard long-term growth strategy (real estate-urbanization) to a more short-term immediate strategy of pumping up their industries and technologies useful for the likely incoming clash/war with the US/proxies to be ready in the next few years. This is clear as a day.

 

[tankphobia]

Finding a balance between the more profitable (but less socially desirable) GaaS/gacha/microtransaction model, and transitioning to single purchase would be ideal. But internationally I also feel like the cat is out of the bag already, with the most successful and profitable games pursuing some form of the first model.

The problem is that "game as a service" have decisively defeated AAA games in terms of effort to reward ratio.

You can dump a barely finished game with some gambling element for pretty characters on scalable cloud hosting on the phone app store and it will generate a ton of income. While a AAA game requires substantial effort and resources with 0 guarantee whether it will be successful or not. Even veteran publishers are a few bad eggs from a restructure or worse. Meanwhile if a gacha game is not doing too well the publisher can just move on to the next copy and paste generic one in no time.

I think game pass esq systems that provide some sort of guaranteed income to publishers have derisked AAA games somewhat, but without forceful government intervention I believe those sort of low effort high reward mobile games will remain the mainstream.