Japan also consumed more electricity in the 1990s, but see disposable income growth:
Chinese Economics Thread
- Thread starter Norfolk
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Japan also consumed more electricity in the 1990s, but see disposable income growth:
China need to be careful about doing economic stimulus because inflation is starting to show its ugly head and you don't want to overshoot.
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Yes and disposable income was -1% - meaning a 3-4% gap between energy demand and wage growth. Translating to China, 7% electricity growth and 3-4% disposable income growth:
What the 7% electricity demand growth means is that workers/companies are likely to make 10% more stuff (assuming productivity/energy efficiency gains) while workers are earning 3-4% more.
Imagine if your boss told you to be 10% more productive but only pay you 3% more.
To be clear, it feels amazing when I travel to China and my Meituan delivery costs 10-20% less than it was last year for the same thing, but I don't make money in China and don't have to take the hit on the income. But me 'feeling better' comes directly as a consequence of the entire stack of workers enabling that by working harder and getting paid less.
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proelite
Junior Member
Amazing deal in my field currently.
This is not a proxy for economic growth or household wealth.
China does a lot of things right, but I'd find this thread a lot more informative if more people focused on areas of weakness in the Chinese economy and what can be done to fix them.
Conversely, this behavior is basically completely inversed in the American Economics Thread...
If only the two countries' economic policies converged to a happy medium...the world would be in a much better place.
Depends on the inflation rate, if stuff is cheap or getting cheaper 3% more feels like a fortune, but if inflation is like 20% is high 3% means every year your are poorer.
So guess why everyone who has money is looking to buy US assets if they plan to live in China...including the Changzhou SASAC: