Chinese Economics Thread

[Randomuser]

I asked this question many times on many places in reddit, even the AskEconomics sub where supposly is full of academics and "quality" comments only.

No one explain why usa have over 700% total debt to gdp. While China only have about 260%. And why it would be a problem for China, but not usa. I also asked why media always cherry pick their numbers.

I recieved no academic answer, and I was banned from many of those "quality" economic subs.

The western approach to China is to love cherry picking and seeing things in a vacuum regarding it despite China being the size of Europe.
Its also why they hate context and any attempt to create it, a benchmark or precedent, they call whataboutism so you can't see their hypocrisy.

 

[tacoburger]

It's pretty clear that alot of it is just projection. Just look at the "demographic collapse" that China and only China is suffering from. People really seem to have no idea what's going on in their own countries. People are still citing the one child policy as the main reason why China's birthrate is dropping, meanwhile basically every developed country has seen their birthrate drop like a rock over the last 50 years.

Point out hard facts like how various European countries are suffering from a worse demographic decline then China despite mass immigration and suddenly they change the topic and go on about how China's data must be fake, they somehow made up 100 million more people to make the figures look good and other bullshit like that.

 

[Staedler]

View attachment 124497

It's pretty clear that alot of it is just projection. Just look at the "demographic collapse" that China and only China is suffering from. People really seem to have no idea what's going on in their own countries. People are still citing the one child policy as the main reason why China's birthrate is dropping, meanwhile basically every developed country has seen their birthrate drop like a rock over the last 50 years.

Point out hard facts like how various European countries are suffering from a worse demographic decline then China despite mass immigration and suddenly they change the topic and go on about how China's data must be fake, they somehow made up 100 million more people to make the figures look good and other bullshit like that.

I remember there was a graph of China's birth rate with the start of the one child policy marked. There was basically no change at all in the slope pre and post implementation of OCP. Anyone familiar with statistics knows that means the policy had no significant effect, but we still get people harping about it like it is the cause of anything.

 

[Randomuser]

View attachment 124497

It's pretty clear that alot of it is just projection. Just look at the "demographic collapse" that China and only China is suffering from. People really seem to have no idea what's going on in their own countries. People are still citing the one child policy as the main reason why China's birthrate is dropping, meanwhile basically every developed country has seen their birthrate drop like a rock over the last 50 years.

Point out hard facts like how various European countries are suffering from a worse demographic decline then China despite mass immigration and suddenly they change the topic and go on about how China's data must be fake, they somehow made up 100 million more people to make the figures look good and other bullshit like that.

Like I said. Seeing things in a vacuum where the word benchmark does not exist is a common tactic when it comes to China. The problem is when you actually want to do serious analysis with it and are getting paid for it.

Btw did you know India of all places has a lot of it's states with a <2 birthrate? It's only saved by the fact that UP and Bihar (which according to Indians are the most retarded states) have better birthrates. India is the complete opposite of China where they have no one child policy and a lot of kids. Somehow even India cannot stop this.

 

[Eventine]

I asked this question many times on many places in reddit, even the AskEconomics sub where supposly is full of academics and "quality" comments only.

No one explain why usa have over 700% total debt to gdp. While China only have about 260%. And why it would be a problem for China, but not usa. I also asked why media always cherry pick their numbers.

I recieved no academic answer, and I was banned from many of those "quality" economic subs.

The general answer if you’re looking to explore this topic is the US’s ability to get the world to subsidize the US via their use of the dollar, and its unique ability to squeeze its allies via forcing them into exclusive trade “deals” like those brought on by the sanctions against Russian energy.

The US is very proficient at essentially transferring wealth from the rest of the world and particularly its allies into itself. This is why Germany, Japan, South Korea, etc. are all experiencing stagnation or recession right now while the US is growing, despite those countries being on average more productive and efficient. The US’s allies are nonetheless content because their elites are all invested in the US, dependent on the US, and practically speaking, they are one continuous group of socially, economically, and culturally similar plutocrats and oligarchs presiding over the great Western empire of the dollar.

 

[TK3600]

Like I said. Seeing things in a vacuum where the word benchmark does not exist is a common tactic when it comes to China. The problem is when you actually want to do serious analysis with it and are getting paid for it.

Btw did you know India of all places has a lot of it's states with a <2 birthrate? It's only saved by the fact that UP and Bihar (which according to Indians are the most retarded states) have better birthrates. India is the complete opposite of China where they have no one child policy and a lot of kids. Somehow even India cannot stop this.
View attachment 124498

Interesting the high birth rate places are also the core Hindu states. This means the Hindu supremicism/nationalism will grow over time and China should plan accordingly.

 

[MortyandRick]

Anecdotally , and by no means data driven, I have spoken to an acquaintance.

His business in China is not doing so well right now. Reports that customer confidence is low seems to be reflected at least for him on the ground. That being said he is usually on the pessimistic side.

It seems that the complaint is during the covid lockdown, the Chinese government did not provide any type of loan or assistance to in Chinese companies, businesses, or workers.

Now people are lacking cash. Less jobs in the city so less rental income to workers.

I thought that China did have a monetary support for those effect by covid perhaps I'm wrong? Maybe they can do it now especially with such low inflation?

I wonder if China should have given cheap interest free loans to help businesses and workers get through covid?

Canada gives a rebate and money if companies hire people under the age of 30, why doesn't china do the same thing to help it's unemployment levels in young people?

 

[horse]

No one explain why usa have over 700% total debt to gdp. While China only have about 260%. And why it would be a problem for China, but not usa. I also asked why media always cherry pick their numbers.

I recieved no academic answer, and I was banned from many of those "quality" economic subs.

The answer in my humble opinion is not economic, it is political.

What I believe is that the West and the people in control generally are all Liberals.

What I noticed about Liberals, that peak Liberals are unable to compare two numbers. They literally do not know which number is bigger than the other.

Now, the retort to that, is not political, it is algebra.

Math, A = B + C

Liberals in the West, hold that A = B + C to be the truth regardless of what the numbers say.

Attack! Chinese should confront them by saying A = D + X ... you damn nimrods.

There are not interested in talking about numbers, they want to talk human/algebra or economic/algebra.

You know, it is what Chairman Mao said about intellectuals.

Then, who's humanistic/economic/political-economy algebra is correct?

That, we have to go back to the numbers, which they cannot accept, and as a consequence banned you for asking the obvious.

Then they will live happily ever after.

After President Trump comes back, of course.

 

[henrik]

The general answer if you’re looking to explore this topic is the US’s ability to get the world to subsidize the US via their use of the dollar, and its unique ability to squeeze its allies via forcing them into exclusive trade “deals” like those brought on by the sanctions against Russian energy.

The US is very proficient at essentially transferring wealth from the rest of the world and particularly its allies into itself. This is why Germany, Japan, South Korea, etc. are all experiencing stagnation or recession right now while the US is growing, despite those countries being on average more productive and efficient. The US’s allies are nonetheless content because their elites are all invested in the US, dependent on the US, and practically speaking, they are one continuous group of socially, economically, and culturally similar plutocrats and oligarchs presiding over the great Western empire of the dollar.

Germany, Japan, and South Korea money are being sucked dry by the US. How much wealth do they still have?

 

[zgx09t]

Anecdotally , and by no means data driven, I have spoken to an acquaintance.

His business in China is not doing so well right now. Reports that customer confidence is low seems to be reflected at least for him on the ground. That being said he is usually on the pessimistic side.

It seems that the complaint is during the covid lockdown, the Chinese government did not provide any type of loan or assistance to in Chinese companies, businesses, or workers.

Now people are lacking cash. Less jobs in the city so less rental income to workers.

I thought that China did have a monetary support for those effect by covid perhaps I'm wrong? Maybe they can do it now especially with such low inflation?

I wonder if China should have given cheap interest free loans to help businesses and workers get through covid?

Canada gives a rebate and money if companies hire people under the age of 30, why doesn't china do the same thing to help it's unemployment levels in young people?

It'd be safe to assume anything substantial, dramatic and forceful proportions will not happen before 2 sessions where they normally pronounce details. In the meantime it's mostly maintaining stability.

Big stimulus usually has a crowding out effect, as big policy banks push out small and medium banks and the other big banks out of the deposit market, leading to shadow banking, which then again leads to all those speculations and bubbles, so we don't want that coming back again when you are already fighting the same problems. It will just take time to reset the whole thing, going slow and steady will make it to get there faster actually, as past excesses need time to pass through the cycle.