J-20... The New Generation Fighter III

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AssassinsMace

AssassinsMace

Lieutenant General
Were these shots taken by the escort aircraft?

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Here's a nice PS.

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jackliu

Banned Idiot
Air Force Brat said:
Yes, that is my perception, and as the US economy is shrinking, it will inevitably shrink those economies that depend on those exports, and while I am aware that China exports to many different nations, I believe the US is the largest importer of Chinese goods and services, from household items to the berets the Army used to wear.
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At the expense of going off topic, US is the largest export partner of China, but the overall export from China to USA only accounts for 5.4% of China's GDP, at most I would see the export decrease by 10% max, which overall is going to make very little impact.

While it is true, the global economic slow down will impact Chinese economy, but this would actually mean increasing spending on the military, because USA spends 4% of GDP on military, and China is only spending 2% of their GDP, so I think one possible way to stimulate the economy is by actually investing more into the military, get those factory running, get those university and research institute staffed and working on new technology.
 
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latenlazy

Brigadier
jackliu said:
At the expense of going off topic, US is the largest export partner of China, but the overall export from China to USA only accounts for 5.4% of China's GDP, at most I would see the export decrease by 10% max, which overall is going to make very little impact.

While it is true, the global economic slow down will impact Chinese economy, but this would actually mean increasing spending on the military, because USA spends 4% of GDP on military, and China is only spending 2% of their GDP, so I think one possible way to stimulate the economy is by actually investing more into the military, get those factory running, get those university and research institute staffed and working on new technology.
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First, you also have to add in export slowdowns from Europe. Then you need to calculate the negative multiplier. Because of the multiplier effect a 10% drop in exports has more than a 10% drop in GDP.
 
J

jackliu

Banned Idiot
latenlazy said:
First, you also have to add in export slowdowns from Europe. Then you need to calculate the negative multiplier. Because of the multiplier effect a 10% drop in exports has more than a 10% drop in GDP.
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Yeah.. I am pretty sure no nation is going to have a 10% drop in GDP this year, not USA or China. At the peak of Japan's recession GDP only dropped by 2% a year, that was during Asian financial crisis.
 
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latenlazy

Brigadier
jackliu said:
Yeah.. I am pretty sure no nation is going to have a 10% drop in GDP this year, not USA or China. At the peak of Japan's recession GDP only dropped by 2% a year, that was during Asian financial crisis.
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Misspoke. What I meant was more than the equivalent drop in the GDP. For example, if a 10% drop in exports is a .1% drop in GDP by numbers, by actual GDP it's more than .1% because of the multiplier. Anyways, right now the bigger concern isn't an actual drop in GDP but a GDP slowdown.
 
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