Do not put words in my mouth. Do you even understand what I said? Who said anything about justification?
Chinese Economics Thread
- Thread starter Norfolk
- Start date
“De-escalation through escalation” seems what you are wishing China’s trade policies to be.
The market is far from being a useless indicator. It measures the degree to which a country’s capital is ending up in its financial industries and thus the strength of those industries. In China the money ended up in real estate, instead, so if you overlaid the graph of Chinese real estate prices in the first graph you will see a similar effect to India’s stock market graph.
Please stop posting these gigantic photos created by tweets.
when you post links, replace x.com with twitter.com so that it just shows up. This is beyond annoying.
Ok. Understood.
If the stock market return is basically flat for China from 1993 to 2024 during which the Chinese economy grew 30-fold then what does the stock market tell you about a country's economic development?
It might have uses for other things but it gives you practically nothing on the growth and development of an economy itself.
Yeah, that is what I believe, what Prof Micheal Hudson talks about.
It is FIRE, which stands for finance, insurance, real estate.
A few years ago, after accumulating a lot of capital over the decades, the Chinese real estate market was the biggest single asset class in the entire world.
China has more than 6 million registered businesses in the manufacturing sectors by end of Aug 2024, according to the data released by the authorities. This is an increase of 5.53% comparing to the year end of 2023. Among the 6 million businesses, more than half a million are in the “new strategic key sectors”, increased by 6.35% since end of 2023.
I heard that venture capitals have dried up in China? SeeSeePee must be trying to cover it up with fake data.
I heard that venture capitals have dried up in China? SeeSeePee must be trying to cover it up with fake data.