Very interesting to see this. You can see the electrical equipment export really exploding to these BRICS and SCO countries other than iran
Chinese Economics Thread
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In a lot of cases Iran imports industrial machines through 3rd parties in the Middle East to evade sanctions. I would not be surprised if a lot of those "UAE imports" actually went to Iran.
It is funny how no one bats an eyelid at the fact that according to that chart the UAE, a country with 11 million people, imports as much electrical equipment as Russia. A country with an order of magnitude higher population.
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How Laos HSR has helped China reduce dependent on the west.
Less import of Potash from Canada and at lower prices
When you ask this question, you really should consider whether you believe India's 15 trln GDP in USD (PPP).
GDP is just a market price measurement - it does not consider under value or over value. Much like how Pettis is an idiot for calling Chinese GDP 'fake' because it's supposedly 'overvalued', it is similarly dumb to call US GDP 'fake' because it's 'overfinancialized'.
The legitimate criticism is that the US GDP is 'unsustainable' given the underlying structural problems and it may implode in the future. Similarly, the legitimate point is that Chinese GDP has 'opportunities' for reflation where the market price is more consistent with 'value'.
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Why shouldn't you "believe" India's gdp? Regardless if you believe it or not, it is a fact that it is large. Where doubt come in is if these 15 trillion $ are distributed in useful sectors, but not if the amount is true or false.
Just having a lot of population generates a baseline gdp. Also plenty of other tricks to raise your gdp without raising your living standards.
Likewise the same sort of criticism is levied against the US. It's not doubt that their gdp really is as large as advertised, it's doubt that the methods they used to get it there really reflects societal development to the same degree.
This is entirely correct. I've come to the conclusion that the questions about China I'm interested in aren't and can't be answered by any variant of GDP. Debating the philosophical limitations of GDP is pointless, it is what it is.
What I'm interested in is a nation's capacity to generate, deploy, scale, and proliferate technology to accomplish the following:
- Most importantly, recursively increase its capacity to do the above.
- Broadly improve the standard of living of its citizens and maintain/enhance its political stability.
- Increase its geopolitical power and leverage, constraining if not crippling its competitors.
Perhaps, perhaps not. It may well be perfectly sustainable for 700 million Europeans, Japanese, and South Koreans to continue enriching America at their own expense in perpetuity.
It's not that surprising, I mean just look at the price list:
Starbucks ~30-50 RMB per drink
Luckin ~10-30 RMB per drink
Cotti: Hold my Latte
Agreed - the point I want to emphasize is that there is frequently a conflation of the 'economy' with 'national power' in this thread - the former and the latter are sometimes related but frequently not at all related. It is useful to separate and discuss as such.
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