Reality check check, the MPS has stated clearly several times that the largest coastal cities and provincial capitals are an exception to the hukou reform agenda, and that priority in lifting restrictions goes to smaller cities.
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Chinese Economics Thread
- Thread starter Norfolk
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Your argument makes as much sense as:
“They are not doing a big bang on prices in 1980s so therefore they will never remove price controls”
Yeah. Some people are really behind the times really.
China at this time probably has about the same semiconductor wafer production capacity as both Japan and the US combined. The only question is when they will pass over Taiwan and South Korea as well. If they haven't already.
Of course this is mostly for older nodes. But Japanese and American production right now isn't any better. China does not control the whole segment including tools, materials, chip designs. Not yet anyway. But they have competitors in basically every single segment.
The theory, which the expansion of a giant city will finally lead to decreasing economy efficiency, is correct. The point is, do Shanghai reaches the maximum people carrying capacity? Many people think there is a lot potential, compared with other metropolitan area, like Tokyo and Seoul. Industrial Cluster first lead to increasing efficiency, I think we do not reach the summit.
When we talk about several giant cities in China, we don't talk about the same thing. Shanghai is not an isolated city, behind which is what we call Yangtze River delta urban agglomerations, like Suzhou, Nanjing, Ningbo, Wuxi. The economy engine of China. Beijing is an isolated city, has little radiation effect to surrounding areas, like Hebei province. In China, resources distribution is affected by administration orders, this can lead to some long term industry planning, like what we see in semi industry, AI and EV. But sometimes that also lead to inefficient utilization of resource. The government should take good care of the balance.
About the hukou reform, I will say the limit in giant city is also reduced. In Shanghai before 2020, one need to save enough credits, which evaluates a person from like job, wealth, how long you have been here and many other aspects, to get a hukou. In 2021, graduates from top schools can automatically get a hukou. In 2022, every graduate from local colleges in Shanghai can get a hukou. Beijing's policy is still strict.
When we talk about several giant cities in China, we don't talk about the same thing. Shanghai is not an isolated city, behind which is what we call Yangtze River delta urban agglomerations, like Suzhou, Nanjing, Ningbo, Wuxi. The economy engine of China. Beijing is an isolated city, has little radiation effect to surrounding areas, like Hebei province. In China, resources distribution is affected by administration orders, this can lead to some long term industry planning, like what we see in semi industry, AI and EV. But sometimes that also lead to inefficient utilization of resource. The government should take good care of the balance.
About the hukou reform, I will say the limit in giant city is also reduced. In Shanghai before 2020, one need to save enough credits, which evaluates a person from like job, wealth, how long you have been here and many other aspects, to get a hukou. In 2021, graduates from top schools can automatically get a hukou. In 2022, every graduate from local colleges in Shanghai can get a hukou. Beijing's policy is still strict.
I do not disagree with you.
Well, You wrote this; "Not to "some degree". China is already the strongest technological power in the world." That is clearly not true and I answered with a sentence that it was not the case. For example, Chinese are not leding the semiconductor industry or aviation industry. There is a hierarchy of technology but hierarchy is not enough. It´s also about commercialization. Russia can make all kinds of things but they cannot make a car customers want to buy. China can because China are understand markets and what people want which Russians seem not to be able to do. China is not only one of the leaders in (overall) industry but are also do well in business. My intention is not to take down China. My intention was to point out the fact that China is still a developing country with many and significant flaws that need to be solved.
I do not have to stand by my government and a policy I do not support. Unlike China - we have real elections. There are no perfect societies. The incompetence of Western governments are beyond pale which you certainly agree with. We [the West] are losing against China because we as a collective have made wrong decisions for centuries. The United States is a huge reason why the West is falling. I´m a aware of the history of the Communist Party of China and all it´s achievements. I´m also impressed by Japan, South Korea, Singapore, Taiwan, Hong Kong, Macao and Vietnam. As white people have decided to commit suicide we can only hope that "yellow people" carry the human civilization forward.
China has an high-bypass engine under development but not in operation. China is not one of the leaders in the semiconductor industry. However, I have no doubt that China within 15-20 years will be able build (in-house) their own high-bypass engine and eventually lead the semiconductor industry.
And when everyone is focusing on the semiconductor industry USA is hitting next the biotech industry
Of course this doesn't have the same magnitude but just shows there won't be de-escalation anytime soon. Let's see if there will be some response or again Chinese CEOs must be on the defensive explaining no military ties etc unlike bold statments in forum.
Of course this doesn't have the same magnitude but just shows there won't be de-escalation anytime soon. Let's see if there will be some response or again Chinese CEOs must be on the defensive explaining no military ties etc unlike bold statments in forum.
Imo people implicitly reveal this position when the United States is the lodestar among which everything is centered, the U.S. being ipso facto the gold standard and center of all attention. China is compared to the United States; the United States is not compared to China, and no other country is ever mentioned except in passim. The existing power structure implicitly reveals itself
In this forum equities are ignored because they reveal the ugly picture of Chinese economy. But these valuations reveal how the world votes for both economies. All Asian stocks are better nit only USA and this is for a reason. As I shared a link the real Chinese ppl also invest outside. And CCP is simply stuck with one man show without an obvious plan instead of being smarter, to drop overregulations and purges, to stimulate and release animal market spirits and to convince own ppl to invest in china not in Nasdaq
