Chinese Economics Thread

[Index]

So a Chinese company has used rulings from US/UK/French courts to seize Nigerian sovereign assets (buildings, aircraft) abroad, in the latest step for a long-running commericial dispute.

Please, Log in or Register to view URLs content!

They subsequently released one of the three seized planes as a gesture of goodwill.

Please, Log in or Register to view URLs content!

Zhongshan be like:

Look at me, I am the Nigerian prince now

Good on France and UK for upholding the rule of law, even if it's the most basic level of behavior expected and they're almost certainly just doing it so they don't risk losses themselves, but still

 

[lcloo]

China's Low Altitude Economy is not restricted to unmanned aeiral vehicles. A new air route has been approved for manned helicopters in Shanghai.

In 2023 the Low Altitude Economy generated a value of 500 Billion Yuan or 70 Billion USD. And it is projected to reach 2 Trillion Yuan or 280 Billion USD by 2030.

 

[Franklin]

This article is saying what I have been saying. And that is that the country that is going to win the tech war is not the country with the most number of elite PHD's or the best and fastest machines or the newest inventions. But the winner of the tech war will be the country that is best able to implement the new technologies across a wide range of sectors in the economy.

According to this article (about AI) its the US that has the advantage over China here and that is because of:

1. US ranks 67 over China's 83 when it comes to availability and access to technology.
2. There are 159 universities in the US that has at least one person lecturing AI over China's 29.
3. US has also build tight links between academia and industry.

But what they are ignoring is that:

1. China's lower ranking comes from her much larger population. China has a population more than four times larger than the US.
2. China publish more papers on AI than the US.
3. I don't know enough about academia and industrial links in either country to give comment.
4. China has a much larger industrial base than the US where AI and other technologies can be implemented.
5. China has a much larger pool of technically and scientifically qualified workforce than the US. And that advantage for China is growing fast.

China has already proven that she can come from behind and overtake and later dominate various industries and technologies over the years. With as exemple robot density in industry.

Please, Log in or Register to view URLs content!

 

[Xiongmao]

This article is saying what I have been saying. And that is that the country that is going to win the tech war is not the country with the most number of elite PHD's or the best and fastest machines or the newest inventions. But the winner of the tech war will be the country that is best able to implement the new technologies across a wide range of sectors in the economy.

According to this article (about AI) its the US that has the advantage over China here and that is because of:

1. US ranks 67 over China's 83 when it comes to availability and access to technology.
2. There are 159 universities in the US that has at least one person lecturing AI over China's 29.
3. US has also build tight links between academia and industry.

But what they are ignoring is that:

1. China's lower ranking comes from her much larger population. China has a population more than four times larger than the US.
2. China publish more papers on AI than the US.
3. I don't know enough about academia and industrial links in either country to give comment.
4. China has a much larger industrial base than the US where AI and other technologies can be implemented.
5. China has a much larger pool of technically and scientifically qualified workforce than the US. And that advantage for China is growing fast.

China has already proven that she can come from behind and overtake and later dominate various industries and technologies over the years. With as exemple robot density in industry.

Please, Log in or Register to view URLs content!

That's crazy to say that the US has an advantage over technology adoption over China. Look at cashless payments, 5G coverage, renewable energy, UHVDC power transmission, high speed rail network and the list goes on. AI is just another project and China will apply it in areas where it fits in with overall national strategy.

 

[GiantPanda]

That's crazy to say that the US has an advantage over technology adoption over China. Look at cashless payments, 5G coverage, renewable energy, UHVDC power transmission, high speed rail network and the list goes on. AI is just another project and China will apply it in areas where it fits in with overall national strategy.

AI is being adopted much faster for industry and commerce in China. You just need to look at the EV companies and the industrial implementations related to 5G.

It will be adopted even more going forward because the LLMs and associated services offered to end users are massively inexpensive in China. Every company from manufacturing to delivery to retail are experimenting with it in the real world on a scale unmatched anywhere.

AI is like IPhone vs the mass multitudes of Chinese smartphones. Or Tesla vs Chins's EVs. The US has better access to hardware -- for now -- but innovations is being driven much, much faster from the churning eco-system in China.

 

[FairAndUnbiased]

This article is saying what I have been saying. And that is that the country that is going to win the tech war is not the country with the most number of elite PHD's or the best and fastest machines or the newest inventions. But the winner of the tech war will be the country that is best able to implement the new technologies across a wide range of sectors in the economy.

According to this article (about AI) its the US that has the advantage over China here and that is because of:

1. US ranks 67 over China's 83 when it comes to availability and access to technology.
2. There are 159 universities in the US that has at least one person lecturing AI over China's 29.
3. US has also build tight links between academia and industry.

But what they are ignoring is that:

1. China's lower ranking comes from her much larger population. China has a population more than four times larger than the US.
2. China publish more papers on AI than the US.
3. I don't know enough about academia and industrial links in either country to give comment.
4. China has a much larger industrial base than the US where AI and other technologies can be implemented.
5. China has a much larger pool of technically and scientifically qualified workforce than the US. And that advantage for China is growing fast.

China has already proven that she can come from behind and overtake and later dominate various industries and technologies over the years. With as exemple robot density in industry.

Please, Log in or Register to view URLs content!

Garbage in garbage out. All this proves is that their metrics are useless.

 

[chgough34]

That's crazy to say that the US has an advantage over technology adoption over China. Look at cashless payments, 5G coverage, renewable energy, UHVDC power transmission, high speed rail network and the list goes on. AI is just another project and China will apply it in areas where it fits in with overall national strategy.

It’s very case by case - cloud adoption and digitalization have scaled faster in the U.S.

 

[Hitomi]

It’s very case by case - cloud adoption and digitalization have scaled faster in the U.S.

The only reason cloud adoption scaled so fast is because almost every software company in the US is moving to a SaaS model so they can extract subscription fees from their user and has been a disaster for not only data privacy, some companies definitely do not maintain their softwares at a level to warrant their yearly subscriptions either.

Edit: Oh and I foresee you would say that the "free" market would take care of them but certain enterprise software are monopolies or duoplies at the commercial level.

Digitalisation? Even stating New York is stretching it but definitely not in the US.

 

[chgough34]

The only reason cloud adoption scaled so fast is because almost every software company in the US is moving to a SaaS model so they can extract subscription fees from their user and has been a disaster for not only data privacy, some companies definitely do not maintain their softwares at a level to warrant their yearly subscriptions either.

Edit: Oh and I foresee you would say that the "free" market would take care of them but certain enterprise software are monopolies or duoplies at the commercial level.

Digitalisation? Even stating New York is stretching it but definitely not in the US.

I mean, all of this is just showcasing that it’s very much a case by case study for particularized reasons on which technologies rollout faster

 

[Hitomi]

I mean, all of this is just showcasing that it’s very much a case by case study for particularized reasons on which technologies rollout faster

This is not so much a case by case (which implies this happens somewhat regularly) and would be more accurately described as a handful of cases where tech adoption was faster in the US in the last 15 years compared to China.