Chinese Economics Thread

[tygyg1111]

Not only is China's electricity demand already twice that of the US but the growth of that demand is massively greater in China. US demand had basically flatlined in the last 15 years.

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Unless you can produce things without electricity -- even designing things on paper or filming adult videos require electricity -- then there is no way you can imagine the US economy being bigger than China or -- even sillier -- try to tell us that the US economy is growing faster. That slope in demand growth for China is like Mt. Everest compared to the one for the US.

Using energy efficient webcams from China, certain sectors of the US economy have grown immensely...

 

[tygyg1111]

No one want to appear weak if they are so strong. If China is so strong then it already taken Taiwan and shoot Nancy Pelosi plan when she touch foot on Taiwan. If China is so strong then it already should settle the border dispute with those damn Indian or should already claim back Vladivostok from the Russian. China appear as exactly it is. Strong but not strong enough.

Showboating and making rash actions you can't take back is idiotic... that is literally the Indian / low IQ redneck way

 

[MortyandRick]

The process the US kicked off - of developing manufacturing in the rest of the world - will effect changes, as we're seeing in places like Vietnam, Indonesia, and even India.

No. The process of moving low end manufacturing away from china started even before the US kicked it off. China's labour started to become expensive for labour intensive industries years before Trump kicked off the first trade war.

China has anticipated this and realizes that middle income countries stay middle income mainly because of technology. So they made massive investments in tech that very few other developing countries can do.

US has financial power and the highest end tech followed by EU, japan, South Korea. When the US sanctions a country, their lackeys follow suit, so it basically becomes a financial and tech embargo which is powerful.

But China has reached the same if not higher tech level than many of US western vassals. The US can try to sanction china, but they are too late.

A lot of their higher tech products depend on china and cannot be moved to other countries.

On the contrary, their sanctions continues to supercharge China's self sufficiency.

US can try to manufacture in other countries but they cannot replace china made products efficiently so they can only ban.

While Chinese products become more self sufficient and very competitively priced. And continue to take market share away from western companies. I suspect that's also a reason why they are not letter the yuan appreciate against the USD.

 

[Biscuits]

No. The process of moving low end manufacturing away from china started even before the US kicked it off. China's labour started to become expensive for labour intensive industries years before Trump kicked off the first trade war.

China has anticipated this and realizes that middle income countries stay middle income mainly because of technology. So they made massive investments in tech that very few other developing countries can do.

US has financial power and the highest end tech followed by EU, japan, South Korea. When the US sanctions a country, their lackeys follow suit, so it basically becomes a financial and tech embargo which is powerful.

But China has reached the same if not higher tech level than many of US western vassals. The US can try to sanction china, but they are too late.

A lot of their higher tech products depend on china and cannot be moved to other countries.

On the contrary, their sanctions continues to supercharge China's self sufficiency.

US can try to manufacture in other countries but they cannot replace china made products efficiently so they can only ban.

While Chinese products become more self sufficient and very competitively priced. And continue to take market share away from western companies. I suspect that's also a reason why they are not letter the yuan appreciate against the USD.

The sole reason to appreciate your currency is to boost imports in your country. Which is good if you have to rely on imports for whatever reason, like post Plaza accord Japan and post covid USA. China is in the exact opposite situation where they want to reduce imports to a minimum.

 

[GiantPanda]

There is really one singular overwhelming logical truth in this whole thread.

China is the largest economy in the world by a wide margin. This has been already reflected in PPP GDP since 2015.




But even PPP GDP might not do
this fact justice because Chinese consumption levels are in multiples of the US and point to a real economy that might already be twice as large if not more than the US -- especially if you leave out nonsensical stuff like inputed rent in US and counting Chinese services correctly:

https://twitter.com/i/web/status/1877352573293723862

And not only is China the largest economy by far, it is growing exponentially faster than the US:

 

[N00813]

It has been amazing for developing China's industry.

I suppose the question should be, when is the right time to finally focus on consumer, rather than producer value? Do you believe now is the time?

Funny you mention consumer value
Part of the point of brutal competition / "oversupply" deflating prices recently is to increase consumer surplus
Even at flat wages, deflating consumer prices = you can buy more for less