Chinese Economics Thread

[siegecrossbow]

It should be obvious by now that Western economists and think tanks largely operate at the behest of the share holding elite. As in any organization, there will be a mix of ideologues who truly believe that the Washington consensus is the way to "economic maturity," and more cynical realists who just want to convince other countries of it, knowing that it'll place them at the mercy of US financial hegemony.

But more so than what they themselves believe, it's what they don't allow into mainstream media that makes it especially clear where their biases are. After all, it's not that there aren't Western economists and analysts who disapprove of the leading liberal narrative - it's just that you rarely hear about them because they're actively censored by the so called "free media."

Thus it is that we keep hearing about how the way forward for Beijing is to follow the American play book of de-regularization, financialization, and boosting consumption, but never the opposition - that maybe, just maybe, the American way is neither applicable nor sustainable for an economy like China's. That specifically, dollar hegemony and Chinese demographic weakness preclude market economics from ever being as practical as it is in the US, a financial super power that leverages its currency & stock market to run a giant deficit vs. the rest of the world.

All I want for Christmas is for the high and mighty shareholders to do something productive for once, like paying back all the people they cheated and do their own chores.

 

[Xiongmao]

View attachment 141445

Money printer is just a meme. US prints about an appropriate amount of money relative to their status as the 2nd largest economy and 2nd largest producer of many goods.

There is a mass hysteria among some Chinese that America is somehow cheating us with money printing. If they were, Americans would see wage growth beating inflation.

The fact is they still make a lot of goods, it's just inferior quality and quantity, but suffices to sell to captive audiences.

The only reason that chart started heading up after 1990 is they have been fiddling the inflation numbers, that is they have been understating the denominator in the calculations of real wages. The real trend line probably is a straight unbroken descent.

 

[supercat]

China's auto export will exceed 6 million units this year (approx. 5 million last year). Of these, more than 30% will be NEVs.

https://twitter.com/i/web/status/1871743010473435631

 

[Serb]

Western msm still whining about China and deflation. What could it mean?

Wait until they still realize the actual definition of deflation first.

Then the difference between deflation and disinflation, and their potential causes, etc.

Or that the thing that is causing relatively lower price increases in China could very well be innovation, competition, and thriving industrial capitalism, something that they forgot decades ago.

Just like they forgot that successful capitalism means efficiency, and battle for consumers, through cost and value, not that crony feudal cheating merging shithole they created.

Equality as opposed to inequality, efficient working market as opposed to speculative bubbles, and cost-effectiveness compared to price-gauging monopolies they only know of.

Healthy supply-side dynamics don't mean some demand-side recession, but the growing demand and growing wide superiority of the Chinese economy, business management, and manufacturing technology.

This means nothing, just another day of US censorship/control of media.

Out of all the possible definitions in existence, none of them describe the current situation in China remotely as such.

Per Anglo's own dictionary:

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And here I thought Westoids at least had some verbal intelligence left.

Money printer is just a meme. US prints about an appropriate amount of money relative to their status as the 2nd largest economy and 2nd largest producer of many goods.

There is a mass hysteria among some Chinese that America is somehow cheating us with money printing. If they were, Americans would see wage growth beating inflation.

The fact is they still make a lot of goods, it's just inferior quality and quantity, but suffices to sell to captive audiences.

The thing is that the money printer doesn't cheat Chinese, but cheats American ordinary people.

The one who benefits from the printer is the asset-holding oligarch, whereas others only get inflation, that's why real wages decay.

The soon-to-be trillionaire Elon Musk certainly feels like he is cheating, and this is not just an empty conspiracy theory to him.









Literally, every wording in this article is braindead. 10 idiotic meanings in the first sentence, stopped reading after that,

More than 10 years into the Xi Jinping era, it has become clear that much of China’s growth under his watch was driven by unsustainable borrowing, real estate speculation and investments in factories and infrastructure the country didn’t really need.

Wtf, how can a country, especially in development, that is not yet fully urbanized, NOT need factories and infrastructure?

 

[SanWenYu]

There is a mass hysteria among some Chinese that America is somehow cheating us with money printing. If they were, Americans would see wage growth beating inflation.

Because the large portion of the excessively printed dollars did not end up in hands of the poor.

Some of these dollars are in bank accounts of the rich, some have become FDI in other countries and will come back eventually to the bank accounts of the rich still, the rest are price paid for imports from other countries.