Chinese Economics Thread

SimaQian

Junior Member
Registered Member
Yes! This economic freedom is key. Freedom to access of information is key. The Internet firewall in China is actually detrimental to Chinese growth in the long term.
This assertion sounds like liberal arts student rallying cry on the streets.


The Chinese believe in order in the universe. Everything and everyone must have a place in this universe. The confucian view that order and harmony must be central in governance. This idea persisted for more than two thousand years and ingrained in Chinese civilization itself even if the Confucian imperial China was long gone.

Now science tells us that, it is natural that chaos will always increase if we just let things happen. Most of last 3 generations, 30 years plus of CCP leaders are engineers and have science background. Even the current president was a chemical engineer. They understand the macro effects of entropy. In order to minimize chaos, you have spend energy to maintain order and harmony.

Those liberal thinkers and and believe in unlimited freedom, do not understand science nor harmony.
 

siegecrossbow

General
Staff member
Super Moderator
A $2.8 billion dollar chip companies


Again not necessarily. For example, Tacoma Semiconductor was a $2.8 billion joint venture between Nanjing. It just flopped after only a few years.

Semiconductor is not easy. Money is only a portion of the equation.

Tacoma didn't have Mongsong Liang though. Sometimes having the right talent leading the team is the difference between success and failure.
 

Petrolicious88

Senior Member
Registered Member
Tacoma didn't have Mongsong Liang though. Sometimes having the right talent leading the team is the difference between success and failure.

Agree that the right talent(s) is key. Sometimes having one genius can make the needed breakthrough. But note, Liang betrayed TSMC by leaking trade secrets to Samsung. Then left TSMC for a high paying job in Samsung, and now SMIC. What makes you think he will be loyal to China or SMIC?
 

localizer

Colonel
Registered Member
Agree that the right talent(s) is key. Sometimes having one genius can make the needed breakthrough. But note, Liang betrayed TSMC by leaking trade secrets to Samsung. Then left TSMC for a high paying job in Samsung, and now SMIC. What makes you think he will be loyal to China or SMIC?


A problem in SMIC i hear is a lot of TSMC youngsters pulling China's legs and just raking in the 3mil RMB/year and BSing on the work.
 

Petrolicious88

Senior Member
Registered Member
A problem in SMIC i hear is a lot of TSMC youngsters pulling China's legs and just raking in the 3mil RMB/year and BSing on the work.
I don’t know if that is true at SMiC. But it is true in some chinese tech companies, where employees are follow the 996 work culture, end up doing a lot of meaningless busy work, and are afraid to leave work until their bosses leave. Not the most productive work culture.
 

localizer

Colonel
Registered Member
I don’t know if that is true at SMiC. But it is true in some chinese tech companies, where employees are follow the 996 work culture, end up doing a lot of meaningless busy work, and are afraid to leave work until their bosses leave. Not the most productive work culture.


This is why labor laws need to be relaxed so it's easier to find new workers. It's hard being a boss in a competitive world.
 

hullopilllw

Junior Member
Registered Member
A surprising level headed opinion piece from the Guardian about the Huawei fiasco. The opinion piece assertion is that this Huawei fiasco is politically, and not trade driven.

Opinion
The tensions over Huawei are not about trade, but global supremacy
Laurie Macfarlane
The real fear for the US and the UK is that China’s authoritarian economic model could spell the end of liberal capitalism

Thu 16 Jul 2020 08.22 EDT

Rest of the article.

Please, Log in or Register to view URLs content!

Weird. China is not exporting ideology, what is there to do with the demise of liberal capitalism in the West. China doing well with their form of governance has no link in how the west manage their internal policy. The rest of the world should be have the rights to pick the path they see fit for themselves too. Why the mindset from US is like ; oh they are doing well, we have to reserve it so thay they will not appear successfull. If thr world come to realise tgat following the western liberal world order is no longer to their interest, can the West accept it ? Or must the entire world be destabilised and put under subjugation to maintain the image that western universal values remain valid.
 

siegecrossbow

General
Staff member
Super Moderator
Agree that the right talent(s) is key. Sometimes having one genius can make the needed breakthrough. But note, Liang betrayed TSMC by leaking trade secrets to Samsung. Then left TSMC for a high paying job in Samsung, and now SMIC. What makes you think he will be loyal to China or SMIC?

He might, but it is not easy for China to get a hold of someone of his caliber. That said, he has burned his bridges with both Taiwan and South Korea so unless the U.S. offers him a cushy position, he doesn’t have anywhere to go.
 
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