Chinese Economics Thread

[Blackstone]

Also for India ...... there is no really any benefit to have huge population but the majority are low skilled and poor .. it will be just a huge burden to a much smaller young educated people

There are more and more white papers on why there wouldn't be another China, and the common theme is technological advances in automation and robotics will likely decouple productivity from population in ways similar to England's original industrial revolution. An interesting theory, and yet to be proven to be sure, but it behooves Indian and other developing countries' leaders to treat it seriously and seek solutions through innovation.

 

[duncanidaho]

And what point of that definition Japan isn't fulfilling?

Every point.

 

[Janiz]

Every point.

If such superior authorities as you and other such users on this forum say so, I rest my case!

 

[Blackstone]

And what point of that definition Japan isn't fulfilling?

Post war Japan is a de facto vassal state of the US, and disqualified as a great power for lack of international military and political influence. Military because its own constitution prohibits foreign projection of power, and political because it was basically a vassal state.

 

[AssassinsMace]

Not sure where to put this, but here seems as good a place as any given some of the other material posted:

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Despite the somewhat inflammatory title and suspicious timing, I think it is a fair and interesting article.

Interesting article but it's following a narrative spin on what Obama laid out to cover-up how the US Congress was never going to ratify any international agreement. I remember reading even before the Copenhagen summit began Obama's point man, Todd Stern, was already declaring China was to blame for Copenhagen's failure. Maybe that's why China sent a low-level official to meet with Obama? It's only naturally to believe the West wants to undermine China since they were denying their part and painting China as the villain.

The points in the article follow verbatim climate change deniers in the US. A familiar tactic to distract people from focusing on the US. Just like how the debt the US has accumulated has been talked about as a problem for years now and all of sudden China has a huge debt problem. Some ugly racist incident happens in the US that gets the world's attention now all of the sudden racism in China is problem. Same thing happens after homophobic incidents. Or how about the controversy over Bruce Caitlyn Jenner. All of the sudden you read articles about discrimination against trans genders in China. How about the EU trying to blame China for their refugee crisis because China sells cheap inflatable rafts around the world. How about China's responsible for the Rwandan massacre because the machetes were made in China. Look at politics that has nothing to do with China where every time Trump has a scandal blow-up he immediately tries to paint someone else out to be worse and/or changes the subject. To distract from the Russian hack conspiracy, it was accused the death of DNC official, Seth Rich, was to cover up how he was the actual leaker of DNC email blamed on the Russians and then it was accuse the terrorist attack on the Arianna Grande concert was a false flag attack conducted by the Democrats to distract from the Seth Rich death. The distractors are accusing a conspiracy of distraction.

 

[Orthan]

Its the first time that i have saw this: In 2014 it was discovered that a lot of the collateral used in loans in china simply doesnt exist. it appears that the problem has been ignored since then.

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[N00813]

[QUOTE="Orthan, post: 456744, member: 6377" it appears that the problem has been ignored since then.
[/QUOTE]


Only if you believe the Zerohedge "analysis".
Zerohedge, like many American financial websites and blogs, assumes that Chinese banks and government system is the same as the USA's, except with Asians.

This is mostly untrue.

Firstly, the biggest Chinese banks are state-owned; their No 1. focus is not profit, but acting on policy. If policy wants loans granted to companies that want to expand to the Xiongnan Area, for example, then loans are easy to get; for investment into coal power, difficult. This also extends to the loan agreement; agreeing to a temporary postponement in repayments of debt, or a write-off, will happen if central government wants it.

Secondly, I would think that the borrower has given out their ID when taking the loan; this allows them to be tracked when the loan goes bad. If the Chinese government really wants to, they could crucify these guys with anything up to execution, by hitting them on subversion charges alongside financial fraud. This would set an example.

In fact, the biggest risk factors are private "banks" and investment houses. With those, you are essentially gambling -- if they fall, the government will most likely leave them to fall. It is a good thing that they appear to represent a minority of Chinese finance.

 

[manqiangrexue]

And what point of that definition Japan isn't fulfilling?

Just to be clear, drawing cartoons that create man-child anime addicts in the lower echelons of societies around the world does not qualify as "far-reaching political, social, economic influence" LOL

 

[B.I.B.]

Cheaper alternatives means more people and countries can afford green technology and thus lessen the environmental dangers. That's if they really cared about achieving those things.
.

Christchurch which suffered intensive earthquake damage in 2011 was rebuilt using mostly standard and dating design norms therefore an opportunity to apply the latest in green technology was lost. Meanwhile to the envy of many green enthusiasts, China has skyscrapers that use solar panels that double as windows to generate all the power the building requires summer and winter.(That’s what disappointed green technology friends who have been to China and actually seen the buildings told me)

Up until fairly recently in its history, Christchurch was a city whose business and inhabitants consumed large amounts of coal. In winter and because of the geography of the area around Christchurch, it used to get as smoggy as some of photos one sees of selected Chinese cities.

 

[advill]

China has shown its responsibility with the EU and the rest of the world (excluding Trump's US) to support the Paris Agreement on Climate Change. Economically & progressively, China has also introduced "Belt and Road", "AIIB" with other world/regional initiatives. China's actions now speaks for itself as a responsible incoming Superpower.