The irony of the China basher on Twitter whose job (paid by "private" organization funded by <make your guess>) is to post daily that China Bad do not understand that they are Propaganda.
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- Thread starter bd popeye
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The irony of the China basher on Twitter whose job (paid by "private" organization funded by <make your guess>) is to post daily that China Bad do not understand that they are Propaganda.
Well, not really. France is hosting the next Olympic Games, in Paris, from 26 July to 11 August 2024. So they have to send some official delegates there to take over the torch from China.
They have all this spending planned but no expansion in physical production capability. The reality is, all the new spending will simply produce inflation as domestic physical production can't catch up to printing and the USD depreciates externally.
The depreciation vs the RMB in particular is highly damaging as commodity prices follow the Chinese economy due to the Chinese economy being the biggest market. As RMB rises, commodity prices everywhere rise. There's no escape from the inflation.
Dollar has been actually gaining grounds against most major currencies except RMB this year.
In the most recent virtual meeting with Xi, it was said Biden was asking China to depreciate RMB versus dollar. At least, that has been the US demand on China for a while. It looks like China simply refused that request.
This presumed Plaza Accord 2.0, if it can be called that way, is the opposite of the Plaza Accord 1.0. RMB appreciation against dollar has been actually accelerating lately.
The RMB exchange rate is what really matters though. EUR and JPN are essentially economic competitors inside the US bloc. Their currencies going down do not help the US bloc as a whole.
The US has been growing at the expense of its vassals and allies, at least in nominal terms. Check out the relative nominal GDPs between the US and EU and Japan in the last 10, 20 years. This fact is sometimes overshadowed by the relative growth in GDP between China and the US.
Show me any other country they can built a Civilian engine that can pass latest European emission standards using new measurement device built by Swiss?.
They are moving towards Euro 7 Standards for vehicles. Jet engines will even more stricter.
it is not just emission standards but engine power delivery and design of wings that can deal with congested European traffic. its very steep declines and very heavy cross winds stability.
Battery powered vehicles requires more chips and they require bigger display panels. and Russia cold winter means special develped batteries. Control and ownership of 100%. from raw material to actual plant. With Koreans put there skills of already commercial. produciton.
so you think they are stupid when they are creating products that require more chips and not built 100% control of supply chain?
and they rest of semiconductors theory is complete joke.
latest Intel chips is designed in Israel and they have advanced Fab. did Israel spend hundred of billions to reach that stage or There East European scientific foundation made them success?
Mechanical engines and chips are totally separate, otherwise Taiwan would be an aerospace superpower.
Batteries and displays are also totally separate. China leads the world in both. It has nothing to do with the raw materials. Having lithium doesn't mean you have a battery just like having metal doesn't mean you have a plane or car.
And I like how you say that you still need a Swiss measurement device to just confirm engine performance. So your supply chain is still incomplete. Verification is part of the supply chain.
Yep I saw that. Around 2008 the EU overtook the US, then unfortunately got hit by crisis after crisis. Same with Japan. It is almost as if these weren't random events and strokes of bad luck. But of course anyone who believes otherwise I'd a crazy conspiracy theorist.
US overtook EU again in 2016 I believe. It used to be that Sweden, Germany, Japan, etc was always lockstep with the US in GDP per capita yet now they're 50% lower.
As a whole it seems the US bloc is not growing relative to RoW.