Miscellaneous News

Helius said:

Guy picked the wrong joint thinking they'd pander to his entitled butt. Would've had better luck finding a job at the White Powder House instead, like this... life form -

Click to expand...

In the world of banking and finance, speaking ill of your previous boss is frowned upon, more so to the press. How does this guy think he’ll ever get to a senior role in any finance firm again?

horse said:

Please, Log in or Register to view URLs content!

You know what brother ansy1968?

We already know what is going to happen.

The Biden administration, will next ban Huawei again.

The Biden administration will ban Huawei AI, they will ban the journal Nature from US, and they will ban the weather since the weather was a collaborator with Huawei, obviously the weather is guilty and the Biden administration will ban the weather. Justice will prevail, according to Demented Joe.

Click to expand...

There’s a great scene in the film “Das Boot” where the exhausted and jaded U-boat captain and crew listen to British music and soft power because they like it, as a symbol of the coming German defeat. Similarly, the western scientists and engineers who are in awe of chinese intelligence despite barring Chinese Americans from Harvard and ivy league access, demonstrate their acknowledgment and capitulation to Chinese supremacy and victory by citing Chinese research and chinese science.

Eventine said:

Han and Tang both had their moments with native armies, especially the Han during the reign of Wu Di, but for the vast majority of their military history, it was "using barbarians to fight barbarians." China's military performance was historically pretty solid, but much of it was achieved via foreign vassals, not native armies. The Tang in particular was famous for its "barbarian" generals who ended up rebelling and destroying the empire.

Click to expand...

Debateable, but for what its worth, if you're including the Eastern Empire, so was Rome for most of its history. Whatever the means, survival of the Empire is all that history judges. For all of both respective Empire's longevity, Rome didn't and China did.

FairAndUnbiased said:

since when does military go by per capita?

Qatar superpower?

Click to expand...

Correlation may not equal causation, but all I was saying is that a country's development level influences how much it can invest into developing its armed forces. Simply put China is developmentally similar to most Latin American countries and the higher end South East Asian countries outside of Singapore, yet just due to its sheer size manages to punch above its weight and indigineously develop high tech weaponry other countries of a similar development level are unable to and instead have to rely on Uncle Sam to provide for them if they can afford it without pissing off the populace. The only other middle income country with similar capabilities to China is Russia and they don't really count since they mostly inherited the Soviet Union's military legacy.

Witchhunter12 said:

Correlation may not equal causation, but all I was saying is that a country's development level influences how much it can invest into developing its armed forces. Simply put China is developmentally similar to most Latin American countries and the higher end South East Asian countries outside of Singapore, yet just due to its sheer size manages to punch above its weight and indigineously develop high tech weaponry other countries of a similar development level are unable to and instead have to rely on Uncle Sam to provide for them if they can afford it without pissing off the populace. The only other middle income country with similar capabilities to China is Russia and they don't really count since they mostly inherited the Soviet Union's military legacy.

Click to expand...

China also inherited it's own cold war military legacy. It's also not really comparable to any of those examples you talked about, because those countries don't have any affluent areas at all, while China is a continent sized country where some regions have similar development as west Europe, some have similar to east Europe and some have similar to Latin America.

A much more suitable comparison would be Europe. Europe has good areas like Germany and France, it also has shitty areas like the Baltics, Ukraine and Romania.

China is most accurately visualised as a continent with high income and middle income areas stacked together under one administration, sort of what EU would be like if EU actually ruled itself and the "European project" worked out as advertised.

Chinese tech sector is advanced because they have like 300-500 million people living under at least USA levels of development. The rest provide support and avenues for low hanging growth. That's not true for any other single country in the world, hence China doesn't really behave like them.

Witchhunter12 said:

Correlation may not equal causation, but all I was saying is that a country's development level influences how much it can invest into developing its armed forces. Simply put China is developmentally similar to most Latin American countries and the higher end South East Asian countries outside of Singapore, yet just due to its sheer size manages to punch above its weight and indigineously develop high tech weaponry other countries of a similar development level are unable to and instead have to rely on Uncle Sam to provide for them if they can afford it without pissing off the populace. The only other middle income country with similar capabilities to China is Russia and they don't really count since they mostly inherited the Soviet Union's military legacy.

Click to expand...

really?


16 Italy
17 China
18 France


Patent Resident filings per 100 billion USD GDP

Country Number Rank
China 5,738.4 2


Patent Resident applications per million inhabitants

Country Number Rank
China 1,010.1 4

Can you point to where

most Latin American countries and the higher end South East Asian countries

Click to expand...

are on the list of patents per capita, patents per GDP and economic complexity?

what about Nature Index, can you point to where they are?


How about developmental indices like average lifespan or maternal mortality?

FairAndUnbiased said:

really?

Please, Log in or Register to view URLs content!

16 Italy
17 China
18 France

Please, Log in or Register to view URLs content!

Patent Resident filings per 100 billion USD GDP

Country Number Rank
China 5,738.4 2

Please, Log in or Register to view URLs content!

Patent Resident applications per million inhabitants

Country Number Rank
China 1,010.1 4

Can you point to where

are on the list of patents per capita, patents per GDP and economic complexity?

what about Nature Index, can you point to where they are?

Please, Log in or Register to view URLs content!

How about developmental indices like average lifespan or maternal mortality?

Click to expand...

I'm just saying that to any average person who simply looks at per capita gdp and HDI, that's the picture you get for China's development level regardless of its position as the world's second biggest economy. I don't know what point you're trying to prove here. China just due to its size has pockets of prosperity comparable to the global north, but on a whole is still a middle income developing country.

Witchhunter12 said:

I'm just saying that to any average person who simply looks at per capita gdp and HDI, that's the picture you get for China's development level regardless of its position as the world's second biggest economy.

Click to expand...

There isn't any bigger economy unless you somehow count NATO as one economy, which you really shouldn't because their mutual economic integration is not good at all.

Biscuits said:

China also inherited it's own cold war military legacy. It's also not really comparable to any of those examples you talked about, because those countries don't have any affluent areas at all, while China is a continent sized country where some regions have similar development as west Europe, some have similar to east Europe and some have similar to Latin America.

A much more suitable comparison would be Europe. Europe has good areas like Germany and France, it also has shitty areas like the Baltics, Ukraine and Romania.

China is most accurately visualized as a continent with high income and middle income areas stacked together under one administration, sort of what EU would be like if EU actually ruled itself and the "European project" worked out as advertised.

Click to expand...

Chinese development shouldn't be understood as one giant landmass of 12k GDP per capita. Rather, there are a few places with 25-30k GDP per capita, and a lot of places with 5-7k GDP per capita. In other words, plenty of Chinese are living in first world conditions, while many more Chinese are waiting to catch up. It also explains why China can develop state of the art technology in many fields with a relatively low GDP per capita: many of these developments are coming out of places like Shanghai and Shenzhen, which have GDP per capita of 25k and 33k respectively. You could say that China right now contains the equivalent of 2-3 Japans in terms of people living in high-income areas. Furthermore, given that many of the areas with 5-7k GDP per capita are playing catch up, you can only expect to see the amount of innovation and developments to only increase in the next 20 years.

Witchhunter12 said:

I'm just saying that to any average person who simply looks at per capita gdp and HDI, that's the picture you get for China's development level regardless of its position as the world's second biggest economy. I don't know what point you're trying to prove here. China just due to its size has pockets of prosperity comparable to the global north, but on a whole is still a middle income developing country.

Click to expand...

Having a consistently higher growth rate than Latin American, ASEAN, and Eastern European countries despite being at their GDP per capita level should give you a hint that the Chinese economy is structurally different compared to those economies. For example, Mexico has failed to match China's growth rate in 2021 despite having nominally similar GDP per capita.
Clues to other factors, like urbanization rate, electricity generation, can give a clue to the puzzle. China's urbanization rate is much much lower than Brazil or Mexico, meaning that more productivity can be generated by moving workers from farm to factory. Critical infrastructure like electricity and telecom is also generally more developed in China. The combination of a more developed infrastructure and cheaper consumer goods (China has domestically-manufactured substitute goods for most items) gives an impression that life in China is better than many countries of similar GDP per capita. Furthermore, for the above structural reasons, China in the next 10 years is predicted to leapfrog all these countries despite (initially) having similar GDP per capita. A future GDP per capita benchmark to look at would be Portugal, which Chinese leaders claim they can match at 2035.

coolgod said:

I think Yellen is just giving out loud words for US domestic audience and China knows this. Yellen isn't career politician, she doesn't need to come to China to grandstand like Blinken, see 玉渊谭天's two detailed explanation posts

Please, Log in or Register to view URLs content!

and

Please, Log in or Register to view URLs content!

Yellen will likely go back to Washington to persuade Biden to "not extend the soon expiring tariffs", then maybe China will sell less US treasuries.

Click to expand...

Exactly. China knows this quip is for US domestic audience and US media to regurgitate. Everything behind closed doors is likely far more conciliatory than what is stretched and exaggerated by Western media.

Phead128 said:

Exactly. China knows this quip is for US domestic audience and US media to regurgitate. Everything behind closed doors is likely far more conciliatory than what is stretched and exaggerated by Western media.

Click to expand...

I wouldn’t bet on things improving so quickly if at all, Biden has made his points load and clear. I dont think a real return to normal will occur with the way the Western media and Biden continues their madness. The best we can expect is a continuation of a slow burn that will ultimately mean a worsening of the economy and the welfare of the popularize continue its downward trend.
Whether China continues to sell the U.S. treasuries don’t just depend on relations but also on the condition of the U.S. economy as well which is something only Biden can try to fix and this will involve a cut to military spending which will never happen. So the best China can do is manage their own interest without needing to do any hard moves while Yellen tries to do her thing and then get sabotaged by her boss, just like Blinken. China shouldn’t have to continue to take it on the chin just to satisfy a nation of babies and whiners so ultimately, the day will come where the USA cannot afford this, pretend to be nice to you while plotting to kill you routine, and on that day, they have to learn to behave or else