Chinese Economics Thread

[PeoplesPoster]

https://twitter.com/i/web/status/1816196993963671854

again, Apple also moving back because they are losing market share in China. Without domestic tech improvement, you are at mercy of foreign MNCs

Another reason for Apple's refocus on China is that new manufacturing technologies being developed in China are faster and cheaper than anything that can be offered in other regions. That's all I'll say about the subject at this point.

 

[siegecrossbow]

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[ansy1968]

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A way of laundering those useless toilet papers.

 

[BlackWindMnt]

A way of laundering those useless toilet papers.

gotta dump those dollars somehow.

 

[CMP]

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It's always funny to see how stupid journalists are. Truly the fail-sons and fail-daughters of the privileged. Any adolescent who plays strategy games could tell you what it means to dump one "resource"-type to stockpile another.

 

[Chish]

The difference in quality and production ability speaks for itself no? If Foxconn was given permission to share all trade secrets, there would be no difference in product results...

Different results are also due to inferior infrastructures, supply chains, lacking and unstable water and electricity supplies.
For better or worse, the same company, managed under an environment of a different culture, local practices , laws, and governance will not produce the same results.

 

[tygyg1111]

It's always funny to see how stupid journalists are. Truly the fail-sons and fail-daughters of the privileged. Any adolescent who plays strategy games could tell you what it means to dump one "resource"-type to stockpile another.

They might understand better if you rephrase it like this: Dollars are now the equivalent of wood in late game AOE2

 

[PiSigma]

They might understand better if you rephrase it like this: Dollars are now the equivalent of wood in late game AOE2

Not true. Depending on the map (not black forest) wood becomes extremely rare. Food is more plentiful. Dollars is more like food, comes out of nothing other than labor (or financials).

 

[tygyg1111]

Not true. Depending on the map (not black forest) wood becomes extremely rare. Food is more plentiful. Dollars is more like food, comes out of nothing other than labor (or financials).

True, although interestingly, in the extreme late game, market trading turns gold into, well, dollars. With high (although capped) inflation as well.

Always good to find a fellow enjoyer out in the real world

 

[chgough34]

Growth accounting suggests that productivity growth in China has declined substantially post-2008 and the growth was due to capital formation.

https://twitter.com/i/web/status/1816896857479458816

This is entirely consistent with capital formation driving the overwhelming majority of Chinese growth gains - capital deepening absent productivity enhancements - has declining marginal returns and thus results in slower growth; capital deepening with productivity enhancements results in constant growth rates (see for example, US growth rates being at 2% consistently for decades - there is a lack of a diminishing marginal product of capital) and consistent with the Asian tiger experience - following their capital deepening phases, they ran out of easy growth and thus turned to the slower productivity growth as the main growth driver.

whether the TFP decline in China reflects long lag effects of R&D or Chinese industry’s incapacity to translate research gains into commercial outcomes is a separate question altogether tho