supercat
Major
Good start for the 2nd quarter - here are some summaries:
Caixin PMI:
Official PMI:
In other news,
Chinese Economics Thread
- Thread starter Norfolk
- Start date
Caixin PMI:
In other news,
A OECD study shows that China is giving 9 times the amount of government support to its industries than what the OECD countries are giving. But in the breakdown of what that support actually is the overwhelming majority of that 'support' is simply cheap loans. But that is nothing more than just the benefit that China is getting from a high savings rate.
Dam are they saying Chinese industrial companies are using cheap loans to actually increase capacity instead of buying back stocks
.When interest rates were close to 0~1% for a long while in the west, what use does cheaper government loans have for companies?
The governments would have to go negative interest rates. Im not an economist but this sounds logical to me, i'm sure economist will have fancy models to say i'm very wrong.
China will gladly build capacity, lower unit costs, and thus obliterate Western industrial exports to the World marketDam are they saying Chinese industrial companies are using cheap loans to actually increase capacity instead of buying back stocks
When interest rates were close to 0~1% for a long while in the west, what use does cheaper government loans have for companies?
The governments would have to go negative interest rates. Im not an economist but this sounds logical to me, i'm sure economist will have fancy models to say i'm very wrong.
The West still hasn't realised that the trigger has already been pulled by China. Let them daydream about Taiwan, Philippines, SCS while China quietly pulls the carpet from under their feet
I could be wrong about this but aren’t stock but backs illegal in China?Dam are they saying Chinese industrial companies are using cheap loans to actually increase capacity instead of buying back stocks
When interest rates were close to 0~1% for a long while in the west, what use does cheaper government loans have for companies?
The governments would have to go negative interest rates. Im not an economist but this sounds logical to me, i'm sure economist will have fancy models to say i'm very wrong.
Recently I listened to a plan A mag podcast. The guest said the same sort of thing, China will not escape the middle income trap. China will just rug pull the OECD countries into the middle income or even below into low income status.
The good (or bad, depends the way you see it), is that in the international (jungle) arena, you don't have to beat a set metric to become the most powerful, you just have to be the least shit country.
China will simply utterly obliterate their high-tech/IP industries which are the the bread and butter of Western economies. What consumption, what domestic, what social benefit and welfare, what bs. China will just spam build sausage-mode high tech industrial products and pull everyone down to low-to-zero profit margins. And you know exactly what country is best suited and has the most experience in high-volume low-profit margin industries...
Just sit back and enjoy the journey. The idiots in the West still haven't realised what China has started doing. Let CNN and BBC do another one documentary about Philippines ships getting showered in SCS in the meantime lol
I am not satisfied unless all the west experience hundred years of humiliation. Put them back to the status of barbarian. Japan and Korean will be Chinese's vassal state as they had been for hundred of years. That's how China rejuvenile, like in the heyday of Tang or Ming dynasty.
broadsword
Brigadier
Never. It was reported in January some Chinese companies were buying back shares. That was a good time and level to buy back.
This is taking it too far. The vast majority of Chinese people don't want this. They just want to see China and its friends prosper.