Chinese Economics Thread

[solarz]

93 out 124 of the world's richest self-made billionaires that are Mainland Chinese women... You'll never see Hillary Clinton admit to this. I knew China had the crown but I was shocked to see that statistic in context of all self-made female billionaires.

Yup, just goes to show that China is one of the most progressive places in the world for gender equality.

What's more, China does this without the kind of misguided feminism that tries to abolish gender roles.

 

[plawolf]

Yup, just goes to show that China is one of the most progressive places in the world for gender equality.

What's more, China does this without the kind of misguided feminism that tries to abolish gender roles.

Communism was actually extremely progressive in terms of promoting gender equality. Although you will sooner see a western media commenter or politican eat his own droppings before admitting that.

That is actually one of the reasons China has done so well economically speaking - it's not nearly as bound by dogma and ideological 'purity' as either western or former USSR nations.

Few ideas or principles are absolutely unredeemable or infallible. Just because the general concept proved to be a flop does not mean that there are not some good component parts of that policy that do hold merit and are worth redeeming. Conversely, just because something worked overall does not mean it doesn't have bad elements within.

China doesn't care where an idea or concept originated. So long as it works and serves their purposes, they are happy to adapt and implement it.

As evolution taught us, the world is constantly in flux and change, and we must also change with the times to have the best chance of overcoming the new challenges we are faced with and making the most of the new opportunities presented.

What worked 20 or even 2 years ago might no longer work today. China is always willing, even eager to change to improve. That, more than anything else will give China a huge advantage over anyone who becomes too arrogant and thinks they are so special and blessed that they never need to change and are prefect already.

 

[B.I.B.]

Yup, just goes to show that China is one of the most progressive places in the world for gender equality.

What's more, China does this without the kind of misguided feminism that tries to abolish gender roles.

That's astonishing, so I take it that, there is no pay disparity between women and men employees at all?
Meanwhile I think lobbyists for equal pay in the West claim there is about 10% pay difference between the genders.
What about politics? how many women are at the highest level in government ranking (Politburo Standing Committee)

 

[solarz]

That's astonishing, so I take it that, there is no pay disparity between women and men employees at all?
Meanwhile I think lobbyists for equal pay in the West claim there is about 10% pay difference between the genders.
What about politics? how many women are at the highest level in government ranking (Politburo Standing Committee)

Actually, the gender pay gap in the US was 77% in the US, a lot higher than your 10% difference.

However, gender pay disparity and number of women in "highest level of government" are only arbitrary measures of gender equality, and are in fact, rather meaningless.

Salary disparity is measured based on average pay. However, this statistic fails to capture the reality that many women have to take time off work for maternity leave, which obviously incurs costs to the employer. Unless the government is specifically prepared to make up those costs with taxpayer dollars, those costs will have to be passed off somewhere, namely in salaries.

The phrase "highest level of government" is in itself an arbitrary restriction. Why only look at the highest level? Why not look at government at all levels? What are the comparative gender gaps there?

Gender equality is not about women doing the same things as men. That is what I meant about misguided attempts to erase gender roles. Does social equality mean everyone should get the same pay (i.e. communism)? No? Then why should gender equality be defined thus?

 

[Equation]

Too add to the Chinese billionaire story...

Please, Log in or Register to view URLs content!

... You'll never see Hillary Clinton admit to this. I knew China had the crown but I was shocked to see that statistic in context of all self-made female billionaires.

Hmmm...I bet that piece of information was on Hillary's Benghazi email..but too bad she deleted it.

 

[Blitzo]

That's astonishing, so I take it that, there is no pay disparity between women and men employees at all?

I don't think anyone has claimed such a thing, I think what is instead being suggested is that China having such a large proportion of self made billionaires are from China is a significant positive indicator of the social progressiveness in regards to gender equality in China.

There are many other indicators that one can also choose to look at if they wish, such as looking at pay gap overall in the economy or in specific industries or in politics, and I don't think anyone is claiming that China performs at such high levels in every single domain of gender equality as in say the area of female self made billionaires... but that doesn't neglect the sheer impressiveness that something like two thirds of the world's current female self made billionaires are Chinese, which in any nation would be a worthy base to claim to be one of the most progressive countries in gender equality.

 

[SamuraiBlue]

You guys a little advice, don't paint something that simply isn't.
PRC is no Utopia with various social aliments as much as anywhere else in the world.
Basically it just a matter of difference in degree but most all problem is shared in all nations around the world.

 

[Blitzo]

You guys a little advice, don't paint something that simply isn't.
PRC is no Utopia with various social aliments as much as anywhere else in the world.
Basically it just a matter of difference in degree but most all problem is shared in all nations around the world.

Celebrating a positive development or a positive indicator of something is not equal to denying that other indicators or ailments may not exist in other domains. Celebrating a single positive development is also not equal to believing XYZ is a "utopia" -- I think few people (either here on this forum or even in the general population anywhere on the planet) are that naive.

No one is trying to paint something "that isn't," but some people do seem to be incorrectly perceiving it, or some people seem to be trying to diminish positive developments and/or achievements for whatever motive they may have.

 

[Brumby]

but that doesn't neglect the sheer impressiveness that something like two thirds of the world's current female self made billionaires are Chinese, which in any nation would be a worthy base to claim to be one of the most progressive countries in gender equality.

.... or maybe membership has its privileges? Anybody care to guess how many of these female billionaires is a member of the CCP? Maybe the system is so entrenched that it is highly efficient in minting Billionaires at the expense of the common people that doesn't have the political connections. In the US they called it wealth redistribution except in China it works in reverse.

 

[vesicles]

.... or maybe membership has its privileges? Anybody care to guess how many of these female billionaires is a member of the CCP? Maybe the system is so entrenched that it is highly efficient in minting Billionaires at the expense of the common people that doesn't have the political connections. In the US they called it wealth redistribution except in China it works in reverse.

Actually, it's quite the opposite. Vast majority of the self-made entrepreneurs in China are not CCP. So much so that Jiang Zemin, a former Chinese president, specifically suggested that the CCP should focus more on entrepreneurs as targets of CCP recruitment.

BTW, isn't wealth redistribution another way of saying socialism? Isn't the idea of capitalism that individuals should be given opportunity to maximize his/her potential?