Chinese Economics Thread

[Wrought]

Unemployment rate ticked down last month across the board.

BEIJING, June 22 (Reuters) - The jobless rate among 16-to-24 year-olds in ‌China excluding college students fell to 15.6% in May, the lowest level ⁠in 11 months, data released by the National Bureau of Statistics showed on Monday. The unemployment rate for those aged 25 ‌to ⁠29 came in at 7.2%, down from 7.4% in April. ⁠In the 30-59 year-olds segment, joblessness dropped to ⁠4.1% from 4.2% a month ⁠earlier.

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[tygyg1111]

A street sweeper contributes far more to society than day traders would ever do. Actually day traders are net drain on society.

Never thought I would be the one saying this, but, consumption actually contributes the most in today's society

 

[tygyg1111]

How about building wealth by WORKING?! There are enough parasites in the world, don’t need more of them.

You need an off ramp for people to exit safely, rather than working their entire lives. Assets + appreciation does this, and without it I'd imagine the suicide rate, as development improves, will go through the roof.

Working hard your entire life to lift yourself out of third world conditions is one thing (because the prize is the better life at the end, at the very least for your children / grandchildren), but working hard your entire life for... <insert something, anything...>, when conditions are already good is dystopian.

 

[GiantCanofWater]

I don’t know how it’ll be possible to have good consumption with wages alone and without safety nets. You’d need a super high income to be able to cover for everything AND have disposable income and feel safe to spend it. And is that even achievable for 1 billion people?

 

[PopularScience]

I don’t know how it’ll be possible to have good consumption with wages alone and without safety nets. You’d need a super high income to be able to cover for everything AND have disposable income and feel safe to spend it. And is that even achievable for 1 billion people?

What make you think China lack safety net?

 

[siegecrossbow]

Yes, the Chinese will soon make food gras a low income item and crush prices like they did in other industries. Hopefully they won’t a price war race to the button on here as well. Lmao

Foie gras and caviar are both nasty tasting. If they are no longer luxury items I doubt people will consume them.

 

[kafkahibino]

I don’t know how it’ll be possible to have good consumption with wages alone and without safety nets. You’d need a super high income to be able to cover for everything AND have disposable income and feel safe to spend it. And is that even achievable for 1 billion people?

stock mkt needs to boom for china's billion plus people to consume more , income alone won't be enough , something like ; home prices yoy at 0pc , inflation at 2pc , annual real income growth at 4pc and stock mkt returns of equal to or higher than 8pc for 4-5 yrs would need to happen for chinese people's consumption to play a greater role in china's economy

 

[vincent]

stock mkt needs to boom for china's billion plus people to consume more , income alone won't be enough , something like ; home prices yoy at 0pc , inflation at 2pc , annual real income growth at 4pc and stock mkt returns of equal to or higher than 8pc for 4-5 yrs would need to happen for chinese people's consumption to play a greater role in china's economy

Ya, to repeat all the mistakes of past Western Empires.

 

[kafkahibino]

Ya, to repeat all the mistakes of past Western Empires.

how will consumption grow if wealth doesnt , and real estate as an asset class does not appreciate now ? consolidating firms from various sectors , creating the world's most profitable firms while maintaining enough competition for them to continue innovating , providing a place for chinese people's wealth to appreciate while real estate prices stagnate yoy to improve annual income to home price ratio over time is how chinese people consume more , spend more on wants rather than needs and further improve standards of living

 

[vincent]

how will consumption grow if wealth doesnt , and real estate as an asset class does not appreciate now ? consolidating firms from various sectors , creating the world's most profitable firms while maintaining enough competition for them to continue innovating , providing a place for chinese people's wealth to appreciate while real estate prices stagnate yoy to improve annual income to home price ratio over time is how chinese people consume more , spend more on wants rather than needs and further improve standards of living

Wealth come from production, not from selling over-inflated real estate/stocks to each other.