Chinese Economics Thread

Ultra

Junior Member
Star wars being too hard to understand?????
That's a new one.

In any case shouldn't this be discussed in the movie thread?

I think it is kinda hard for general Chinese to understand. You try to explain
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to them ;) or the Jedi or the Sith.... hell, even "alien" is a foreign concept! And I am not talking about outter space alien here...if you are a white guy you will know what I mean! You will instantly be a celebrity walking down the street there. Let alone the concept of outter space alien! :D


While I was there, the TV series they shown are almost all Wuxia stuff, games they play are all Wuxia stuff too (oh and World of Warcraft).

Anyway, I think this is quite a bit off-topic...
 
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broadsword

Brigadier
I just took another look at the GDP stats. China is still poorer than Iran, Brazil, Botswana, Libya (!), Iraq(!), Thailand(!), Dominican Republic (!) in GDP per capita term. ....

Even Mexico and Lebanon are significantly richer than China (~$18,000 vs $12,000)!

According to
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China is richer than Thailand, Dominican Republic; Botswana, World Bank & IMF give different ranking.
 

AssassinsMace

Lieutenant General
Maybe Star Wars just didn't tick Chinese fancy ;). Given Chinese love of sword fights (the endless chinese "Wuxia" movies) the problem is probably just Star Wars is a bit too hard to understand for the general public. I think Sci-fi will be a very very popular genre soon as Chinese will start look into the future instead of the past. Right now it seems there is very very few sci-fi or modern movie/TV series in China. Majority are just the re-hash of old stuff over and over and over.....
Compare to the american movie and TV series which are mostly set in present or the future (apocalypse seems to be extremely popular) with very very few exception (Game of Thrones!).

This kind of tells a lot about the culture - American looks to the future, while Chinese still looks into and hangs on to the past. This has to change, and this will change as China continue to modernize.

Well that's what I'm talking about. Force Awakens will undoubtedly do more than Phantom Menace but will it be up there with Transformers 4 and Furious 7? I know George Lucas has been a supporter of a certain religious figure that has a problem with China. So he has not had China on his radar when it comes to his movies. Since Disney now owns Star Wars, I'm sure they see what Furious 7 has done in China and they'll be disappointed if it doesn't at least match that. At the Star Wars Celebration over the weekend I heard the master of ceremonies mention the event was being streamed live in China. I'm sure there's probably some fans but not at the level other countries have for Star Wars simply because the Chinese have not been exposed to it as much. Streaming the event over the weekend wasn't about serving fans in China. It was all about advertisement getting the word out to get Chinese to watch it especially now that Furious 7 is about to break the record of top grossing film in China ever.
 

antiterror13

Brigadier
I just took another look at the GDP stats. China is still poorer than Iran, Brazil, Botswana, Libya (!), Iraq(!), Thailand(!), Dominican Republic (!) in GDP per capita term. Two of these countries mentioned before are in intense civil war (Libya and Iraq)! And two of these countries have deplorable living standards where people live in grass huts (Botswana and Dominican Republic)!

Even Mexico and Lebanon are significantly richer than China (~$18,000 vs $12,000)! The currently heavily indebted Greece is richer than China. So China definitely still have a lot of room to grow.

China wants to be in the high-middile income country bracket - basically around New Zealand or South Korea (currently around ~$36,000) which would mean China needs to grow and triple its economy to reach that goal. Currently Chinese economy is $17 trillion, "tripling" that would mean growing the chinese economy to $51 billion - a unfathomable number since that would be about half of the world's output.

your figure are not that accurate ... please recheck
China' gdp per capita is > Irag, Thailand, Botswana, etc
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Ultra

Junior Member
According to
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China is richer than Thailand, Dominican Republic; Botswana, World Bank & IMF give different ranking.

your figure are not that accurate ... please recheck
China' gdp per capita is > Irag, Thailand, Botswana, etc
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You guys are looking at the wrong one.

This one:
Gross domestic product (at purchasing power parity)
List of countries by GDP (PPP) per capita:
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You have to factor in the PPP to make it more or less an apple to apple comparison.
Deviations from parity imply differences in purchasing power of a "basket of goods" across countries, which means that for the purposes of many international comparisons, countries' GDPs or other national income statistics need to be "PPP-adjusted" and converted into common units.
 
I think it is kinda hard for general Chinese to understand. You try to explain
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to them ;) or the Jedi or the Sith.... hell, even "alien" is a foreign concept! And I am not talking about outter space alien here...if you are a white guy you will know what I mean! You will instantly be a celebrity walking down the street there. Let alone the concept of outter space alien! :D


While I was there, the TV series they shown are almost all Wuxia stuff, games they play are all Wuxia stuff too (oh and World of Warcraft).

Anyway, I think this is quite a bit off-topic...

Star Wars is really more of a drama about its characters and their relationships with some social commentary akin to Shakespeare or the Greek classics rather than science-focused sci-fi. For this type of story there are cultural differences that don't connect as well with Chinese audiences as the wuxia stories and other Chinese classic, pop, or folk stories.

For science-focused sci-fi Chinese audiences are less cutting edge and I would say Furious 7 and Transformers are as sci-fi as they care to get as these are still rooted enough in everyday life for them to be interested, fast cars and robots rather than say black holes and alternate universes. Of course to a different degree the same applies to audiences in other countries.
 
China will evolve more or less like Singapore - a quasi-democratic dictatorship ;)
It is said that Lee Kuan Yew had visited China many times and the close ties they have underlines China's desire to emulate Singapore's success (I think Deng Xiaoping even said it one time he like to see China to become more like Singapore). Singapore's political system and the success of its economy is what Chinese leadership wants to emulate and probably gives the closest model for China to transition to. A high income economically successful high technology society with almost zero corruption and a passive population with little dissent to the "centralized" leadership where they have no choice.

Deng Xiaoping on China's future and Singapore (1992):
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If you look carefully all over Asia are quasi-democratic dictatorships, from South Korea, Japan, Taiwan, Malaysia, Indonesia, to Thailand, etc some of which only in the past decade or two experienced short periods of opposition parties in power only to transition back one way or another to traditional parties.

Size has a lot to do with how a country is organized. Switzerland and US are both federations so are more alike in some respects than Switzerland and The Netherlands. However Switzerland modelling itself on US or US on Switzerland is rightly unthinkable while The Netherlands and Switzerland might teach each other some things.

Everyone can learn lessons from everyone else, just have to pick your cat, or cat part, regardless of whether it is a lion or pussy cat. Large countries actually have the benefit of possibly experimenting with a smaller country's country model at a regional level. And there are ways to scale policies up or down as appropriate.
 
I totally agree. What Obama's China strategy ever since he was in power is quite a trainwreck of a foreign policy. He has continued to alienate and antagonized China with his progressively stronger containment strategy, while not realizing the power has largely shifted. It is true America is currently still the world's sole superpower, but China's ascendance to be the sole superpower is coming. China can internalize its economy now (which is what they are doing right now) and grow bigger without even the export (as half of its billion population is now flush with disposable income and still growing), its education system is getting better and its workforce are getting better (with often college education), they will soon be able to punch above its own weight just like Japan, South Korea, Taiwan and Singapore did - a very high educated society with high technology and sound economic mangament.

Can you imagine China punch above its own weight?! That will be unparallel in mankind's history - 1.5 billion highly educated, highly productive high tech society. It will make today's America look like a third world country. And I think that's exactly what China wants to become.

One of the thing I found it ironic is that, America has largely gave China the capital to be what it is today - it gave China the financial capital (FDI) early in the liberalization, laid the foundation for China's modernity with technology transfer (ToT), setting up research centers and regionial headquarters which laid the foundation of China's glimpse into modern corporate structure and governance. And just when China's population grow rich and is good time for American to reap the reward of its hardwork in laying the foundation, instead they cut off the relationship by antagonizing China and trying to move away from China, which only leaves all the reward to China's own people (or native corporation).

American bosses and investors gave China the capital and know-how to become what it is today in order to keep bigger shares of the American pie to themselves and leaving American workers and many average Americans behind. Inequality also rose in China but what really matters is that the Chinese government is required in principle and by necessity to improve the lives of its weakest links while the US government is overly influenced by America's strongest links to primarily look after them, even at the expense of their weaker links. You are only as strong as your weakest link.

(Continuing last post)

What Obama should have done is to INCREASE the cooperation and trade, ToT, and FDI, encourage even more two way communication and cooperations, which will benefit both countries and enmesh China in the international system and rule of law, decrease hostility of both countries, make it easier for citizens of both countries to get VISA (right now it is a nightmare), increase understanding not only at the high level but also at general population level, all these will benefit both countries tremendously. But instead, all Obama did for the past few years only increase hostilities of both countries, drove China to even greater arm race (which America will not, and cannot win in the long run).

Obama is guilty of much staying the course of Bush Jr.'s foreign policies as well as continuing in the same direction in managing the consequences of the financial crisis. The blatant bait and switch of UN no-fly-zone turned US and colonial powers intervention in Libya was also both unnecessary and not worth the loss in credibility. Though Obama also tried to influence China and others through inclusion such as pushing IMF reforms which were opposed by Congress.

However to pursue the policies you described, which involves actively diluting international US influence and advantage, would be political suicide not just for Obama but for any Democrat. Even many Republicans would find it politically suicidal though they may find it less so because they are less beholden to American workers and poorer voters. Just like it took virulent anti-Communist Richard Nixon to normalize ties with China, it may take a similarly untouchable-on-the-issue politician to pivot US-China policy again.

But I also think you are being overly pessimistic on the US lead on the military front and there is still time for the US to switch to playing a win-win rather than zero-sum game in general, it would require a genuine change in attitude though.
 

Equation

Lieutenant General
What is behind Washington’s increasingly shrill and apparently manic, even irrational, actions and words toward China? The answer is, I believe, provided by the late great Singapore leader Lee Kuan Yew. In an interview in The Atlantic magazine, March 2013 edition, Lee said:

“For America to be displaced, not in the world, but only in the western Pacific, by an Asian people long despised and dismissed with contempt as decadent, feeble, corrupt, and inept is emotionally very difficult to accept.

“The sense of cultural superiority of the Americans will make this adjustment most difficult. Americans believe their ideas are universal—the supremacy of the individual and free, unfettered expression. But they are not—never were.

“Unlike other emergent countries, China wants to be China and accepted as such, not as an honorary member of the West. The Chinese will want to share this century as co-equals with the United States.”

Until America accepts and adjusts to this reality expect danger and conflict in Asia.

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