broadsword
Brigadier
Deleted. Answered by manqiang
Chinese Economics Thread
- Thread starter Norfolk
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Hendrik_2000
Lieutenant General
You just make a simple comparison based on GDP But China is not Argentina China plough back the surplus of economy in education,infrastructure, housing and poverty alleviation. China actually was way behind Argentina at one time . Don't forget that Argentina was the upcoming country before the war attracting million of European immigrant primarily Italian and Spaniard Even northern European like German and British. Then her living standard is even better than European country else why should the Italian immigrate to Argentina
But she squandered the lead by spending it on lavish social program and misguided socialist economic development
What happened is China not only closing the gap but will soon surpassing Argentina And China's economic trajectory is up and Argentina is flat or stagnating for more than 30 years See Mangxiang graph That is the difference
China is now industrialized country where Argentina is still dominated by agriculture
Then don't! not sure why so many people want to engage with this troll trying to peddle his nonsense, just stick him on your ignore list and move on then he'll just end up talking at himself in a self perpetuating stream of garbage.
Jura The idiot
General
now noticed the tweet
Xu Jiayin, chairman of real estate developer Guangzhou Evergrande Group, has become the man in with personal wealth of 36.7 billion USD
Xu Jiayin, chairman of real estate developer Guangzhou Evergrande Group, has become the man in with personal wealth of 36.7 billion USD
PiSigma
"the engineer"
My mom went to school with him, half a year ahead of him. He was class of 78, my mom was 77. They had a joint 40 year reunion recently, he donated half a billion yuan to the school so everyone in their class had free food/drinks/activities paid by him.now noticed the tweet
Xu Jiayin, chairman of real estate developer Guangzhou Evergrande Group, has become the man in with personal wealth of 36.7 billion USD
Around 1900.This is a graph of Argentina's growth from as far back as 1994.
Where the hell on this graph do you see a sustained growth period like what you see in China?
And this question is setting the bar really really low because there isn't an ounce of evidence to say that China and Argentina are similar and headed in the same direction even if they coincidentally display an artificial similarity in GDP growth for a short period of time (which they don't unless you count ridiculously short periods such as a year or 2).
If we use the USA as benchmark then Argentine had 40% of USA GDP PPP per capita,.
In 1991 Argentine was at 30% , at the just for reference, China is around 28% at the moment.
So, Argentina didn't escaped the middle income trap for 100 years, in the growth period it was rock stable politically, but in the stagnating period it has been unstable.
So, I think it is safe to say the issue the China facing is not economically, but rater politically, like in Argentine, around the topics who holding the wealth and the economical power.
And again, the stagnating household income ( NOT debt fuelled spending , that makes it worst) doesn't signal any positive about the transfer of power.
But why is it shocking for anyone?
It is quite obvious problem as I see.
broadsword
Brigadier
LOLL. Go and take a hike in the nature of which Europe has plenty. Just bring along Kook-Aid. It will help to quell your envy.
I leave it to Manqiang who is more articulate, and the rest as well, to sort out with your mind bender.
Mate, I am not Chinese, I don't care what happens there .
The cool-aid more important for you, to give rest and peace about your emotional home.
If rise like a star to the economics performance of USA and beyond then cool, there will be a big market to sell stuff to.
But frankly , how big chance you give for that to see a USA style, consumer powerhouse, with similar economical capabilities like the US?
manqiangrexue
Brigadier
You said I shouldn't compare Texas to China because they're too different so you bring up 1900's Argentina?? Desperation and brain rot is not a good combination for you. LOL 1900? At time when there was no technology and no global economy? A time when there's not even a reliable annual economic report? Why don't you go into BC years, find some hunting society and compare that to China's modern economy? LOL You've literally provided no details or sources, and can provide no details (or sources) of Argentina's economy back then and how it has any semblance to China's today. Completely invalid "argument."
Saying you're not Chinese isn't evidence that you don't care. There are MANY non-Chinese who really really care to see China fail. The fact that you post here means you care because that action is time out of your life. Actions speak louder than words. The most pathetic people are those who spend time and effort and when they lose, they say they don't care LOL
Nobody said China wants USA style; China will keep our own style, and evolve it to be superior to USA style.
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broadsword
Brigadier
Who does not know you're not Chinese? That is why your envy so overpowers any rational thinking you might have. You're not an economist by profession, I am quite sure, judging by your fumbling ways. So don't give up your day job yet. Many, and I mean many, economists, fund managers and heads of research, over the past two decades had predicted the demise of China, not just Gordon Chang.