Chinese Economics Thread

[styx]

example of mighty american economics

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[RedMetalSeadramon]

example of mighty american economics

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The demolition was estimated to begin around summer/fall 2024.

Now, officials say the demolition will occur sometime around winter/spring 2025.

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Back in May, the U.S. Army Corps of Engineers held a controlled demolition of a section of the Key Bridge to free the Dali ship.

That allowed the DALI to be floated and taken to Virginia in June and transported to China in September.

China somehow remains the only place that does any work.

 

[Maikeru]

China car sales up a disastrous 5.3% in 2024. Collapse imminent:

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Also, HIGH bond yields in US & UK are bad, but LOW bond yields in China are EVEN WORSE!

 

[proelite]

China car sales up a disastrous 5.3% in 2024. Collapse imminent:

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Also, HIGH bond yields in US & UK are bad, but LOW bond yields in China are EVEN WORSE!

Someone check on Gordon Chang.

 

[GiantPanda]

Someone check on Gordon Chang.

Why? He had been wrong for 2 and a half decades and seems to be more popular than ever. He is a definition of success in the field of false prophecy.

False prophets are often more popular than real ones. This is a pretty good 2-minute explanation of Gordan Chang:

 

[abenomics12345]

Idiotic. The main crust of my post is that China is a far bigger economy because the consumption figures of everything -- cars, steel, electricity, etc. -- are in multiples of the US. Chinese people can and do buy more than anyone else in the world. They enjoy the latest in cellphones, games, HDTVs, autos and other goods and luxuries in far larger quantities than any economy in the West, including the US.

War is actually the weakest part of these equation. China only uses 1.6% of its economic might on the military.

The point is simply this -- there is no way that economy of a country that consumes twice as electricity as the US and whose demand is growing exponentially faster than the US can be smaller than that of the US or being losing ground to the US when the US demand in electricity has basically flatlined over the past decade.

China is the far bigger economy in peacetime and given the time to develop, it would only build upon figures that suggest that China might already be twice the size of the US economy. To be honest the only advantage the US has is in war. It certainly not in the economy.

Before you call anyone an idiot, you realize your problem is that your thick skull cannot comprehend the fact that GDP in China is not higher than the US. Simply because the market price for all the things you talk about are lower. Seriously read what I wrote before. GDP is just a measurement - it is not 'fake' or 'wrong' - its a method of measurement.

And until RMB starts to appreciate, none of what you say matters so long China requires external inputs (as last I checked majority of commodities are still priced in USD).

GDP denotes the total monetary value of all goods and services generated by the economy. Whether or not this GDP has anything to do with say, food consumption or car consumption, would depend on the country at hand.

If you are interested in comparing economies by say, food consumption, you can compare the kcal of vegetable/grain/meat/diary... etc directly. No need to convert the kcal of food into GDP.

GDP as a "god" that one must maximize is how you end up with imputed rent in the US going from 1% of the economy to 9% of the economy. From an investor's perspective, it is far easier to play with real estate than play with manufacturing/scientific enterprises. Increased rents in turn chokes other businesses as they need to pay more rent, and the cycle continues. Pretty soon you end up with an entire economy based on selling real estate.

What you said @fatzergling is literally what I've wrote below:

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'.

 

[fatzergling]

example of mighty american economics

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American politicans/capitalists are fundamentally unserious people. If they are serious about fixing the manufacturing shortage/infrastructure stagnation/financialization of the economy vast amounts of money and resources would be mobilized to these affected areas.

 

[styx]

American politicans/capitalists are fundamentally unserious people. If they are serious about fixing the manufacturing shortage/infrastructure stagnation/financialization of the economy vast amounts of money and resources would be mobilized to these affected areas.

rom various articles I have read, it appears that locally, the absence of that bridge represents a serious economic problem, especially from the perspective of the real economy.

 

[siegecrossbow]

China car sales up a disastrous 5.3% in 2024. Collapse imminent:

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Also, HIGH bond yields in US & UK are bad, but LOW bond yields in China are EVEN WORSE!

Didn’t you know that silly purchases like automobiles don’t represent the true health of consumer spending? Only real metrics like lawyer fees, out of pocket medical expenses, only fans subscriptions, student loans, and tax cuts for mega corporations.

 

[doggydogdo]

Before you call anyone an idiot, you realize your problem is that your thick skull cannot comprehend the fact that GDP in China is not higher than the US. Simply because the market price for all the things you talk about are lower. Seriously read what I wrote before. GDP is just a measurement - it is not 'fake' or 'wrong' - its a method of measurement.

The point is that China's economy is bigger. GDP is pretty meaningless by your logic since it literally doesn't correlate to anything of value.

And until RMB starts to appreciate, none of what you say matters so long China requires external inputs (as last I checked majority of commodities are still priced in USD).

China doesn't want RMB to appreciate for export purposes. China has the largest USD reserve and can buy whatever commodities it wants without worrying about its position, China has used USD to hedge against RMB. A strong dollar is only bad to Chinese imports if China only has RMB to trade with.