Chinese Economics Thread

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abenomics12345

Junior Member
Registered Member
xlitter said:
So you can only make assumptions based on a few words?
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"a few words" - it's the Decisions document from 3rd Plenum of the 20th CPC Party Congress - This is the overarching document that defines economic policy for the next decade - get with the program - this is the most consequential economic document since 2013. If you fail to understand the importance of this document, you really should not have an opinion on Chinese economy. Get some help.

xlitter said:
Presumably all rural people are treated unfairly? Social security treats everyone equally. Don’t you know that the social security system targets everyone in the country?
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Yes, it is just so equal that rural residents get 200 rmb/month in retirement vs 6000 rmb/month for government bureaucrats. You might as well argue that most people in the US have health insurance (including the high deductible savings plans for McD workers).
 
H

HighGround

Senior Member
Registered Member
xlitter said:
So you can only make assumptions based on a few words? Presumably all rural people are treated unfairly? Social security treats everyone equally. Don’t you know that the social security system targets everyone in the country? Because even people with a Beijing household registration are treated the same in Shanghai as those without a Shanghai household registration. This is the prerequisite for completely abolishing the restriction on household registration place. What do you mean by specifically highlighting rural areas? You don’t know that rural hukou is now far more useful than most urban hukou. Before calling others stupid, please get rid of your habit of taking quotes out of context.
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Why can't you just answer the point?
 
C

CMP

Senior Member
Registered Member
tphuang said:
https://twitter.com/i/web/status/1816169238190510228

BYD and Luxshare taking work share of iPhone 16 from Foxconn as more production moves back to mainland from India.
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Good. Foxconn fucked up their India move by overestimating the quality of local labor, and Apple doesn't want to be associated with shitty quality. Even so, fuck Apple. Buy Huawei. Or if you can't where you are, buy Honor/Xiaomi instead.
 
supercat

supercat

Major
Another article about the underestimation of China's consumption:

Why Chinese consumption cannot completely be blamed for global imbalances​

  • China’s actual household consumption is much higher when properly adjusted for social transfers, purchasing power and housing expenditure
China’s headline household consumption relative to its gross domestic product has been under 40 per cent in the past few years, much lower than the global average. But China’s consumption and living standards do not seem that low relative to other countries with similar incomes when measured in terms such as calorie intake, child stunting rate (4.6 per cent), urban living space (41 square metres or 441 sq ft per person), home ownership (at least 74 per cent), average years of schooling (about 10 years) and luxury goods sales.
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China gets it: bankers should not be allowed to have a free rein of China's economy and cause over-financialization.

Xi Is No Fan of Bankers. He’s Got Reasons​

Just like in the West, executive pay and the role of finance in exacerbating inequality are worrying China’s political elite.
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C

CMP

Senior Member
Registered Member
supercat said:
Another article about the underestimation of China's consumption:

Please, Log in or Register to view URLs content!

China gets it: bankers should not be allowed to have a free rein of China's economy and cause over-financialization.

Please, Log in or Register to view URLs content!
Click to expand...
That Bloomberg article is a shocker, given it's Bloomberg. It almost even comes off sounding like apologia to give moral backing to Xi's actions. What is going on with Bloomberg? First the fake Chinese spy chips that don't exist, a million other fake anti-China articles, and now this pivot? Did the government grants allotted to Bloomberg for anti-China news suddenly run out? And China-neutral or China-positive articles are like Bloomberg's way of threatening the government to ramp up the spending on anti-China news?
 
H

henrik

Senior Member
Registered Member
CMP said:
Good. Foxconn fucked up their India move by overestimating the quality of local labor, and Apple doesn't want to be associated with shitty quality. Even so, fuck Apple. Buy Huawei. Or if you can't where you are, buy Honor/Xiaomi instead.
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Foxconn is using the same machinery and equipment in India. How come the quality is so lousy?
 
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