proelite
Junior Member
Those companies were heavily funded by the government lol. United Imaging is partly state owned.
Chinese Economics Thread
- Thread starter Norfolk
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Those companies were heavily funded by the government lol. United Imaging is partly state owned.
Note I specifically wrote 'operated'.
Having visited the company multiple times, I can tell you as a fact that the place is not run like Bank of China.
The local SASAC can own whatever companies they want to - they get dividends/votes as shareholders just like anyone else; but let the damn professionals (scientists/business people) do what they're good at.
This was Japan:
This is China:
The trajectories are complete opposites.
I can say with pretty good confidence that China is growing far faster in its real economy than any of the other major nations. And will continue to grow faster on the delta of change from electricity usage.
And I say that fully aware of the headwinds from the RE unwinding because I saw how the 2008 subprime crisis impacted the US -- its electricity contracted (-4%) in 2009.
Fixed it for you - as my point was specifically that Japanese growth in the 1990s were shit despite growing energy consumption, I fail to see how Japan post 2000 has anything to do with what I said.
proelite
Junior Member
Yes, but recently we've been discussing the benefit of private (smart) vs government funding and financial markets.
This is because of people playing PlayStation.
As I said I've never said anything against public funding of basic research. But the economy works *at the margin*.
The debate here is how you improve outcomes with the *INCREMENTAL* investment to benefit the whole:
- Eating the first donut feels delicious but eating the 5th (maybe 10 if you're American) is nauseating.
- Going from exercising 1x per week to 3x per week is amazing for your health, but going from 5x/week to 10x/week might injure yourself.
Yes, those domestic companies are increasing in revenue while foreign ones are losing out when the number of industrial robots are still growing (yoy 5.1%). Foreign companies which used to have monopolistic positions in the Chinese market could not deal with Chinese competition driving down the price.
also im not Doggydog from twitter lol
A quick search shows that Chinese VC/PE funds raised money worth more than 500 billions USD in 2023. That is more than twenty times of the 25 billion suggested by this FT piece.
In 2024H1, the total VC/PE funds raised is still more than 200 billion USD while the FT piece shows less than 10 billions.
Go figure.
Interesting. Then I wonder how they are counting these things in the FT piece vs here.
I never used the term waste.
People are free to spend money how they want, discussion here is use of state funds.
Huawei is owned by the employees of Huawei.
Upstream capital goods companies like CETC, NAURA, ZTE, Huahong, Tsinghua Unigroup and HikVision are some beneficiaries of targeted industrial policy to defend them against unfair competition and malicious, unilateral sanctions. They have something in common, besides producing key capital goods.