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- Thread starter bd popeye
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Another Euro bureaucrat idiot. Someone please inform his Excellency that around 2 years ago, China released it AI regulations. Also, first time I am hearing that Planet Earth has a continent called EU; is this a new continent discovered?
For people who don't know who this clown is:
For people who don't know who this clown is:
That ft article is misinformation. Core inflation was positive at 0.6%. You can make your own judgement on why the ft fails to mention that. But clearly core inflation shows that private consumption is doing ok. Not strong, but not weak either. The overall inflation figure is massively affected by pork prices, so it's kind of irrelevant
The EU isn't that the pimple on the ass cheek of the Asian landmass that is now being squeezed out.
That statement was mainly to troll that fraudster Adani. Anyone can go to Google maps and see their own neighbourhood and homes from space. Adani boasted that his solar project is visible from space. But he didn't produce any satellite or space imagery.
What Adani is doing is typical Indian boasting. He is boasting about his solar farm project before it's even completed. Indians like him always like to celebrate before they finish anything.
If they finish that is.
Indeed my Ivy League chauvy. The same people who say "I don't hate Chinese people, I only hate CCP" are now more than happy to equate criticism of Israeli government with Anti-semitism.
It's deeply disingenuous to equate anti-Zionism with Anti-semitism, and suppress freedom of speech by equating "from the ocean to sea" anti colonialism with genocide of Jews. US only pretends to be free speech leader. It's all a blatant lie and distraction.
The stupidity of racist westerners also made them claim they were distrustful of the USG eg Covid rules, and yet they believed everything the USG said about China and xinjiang.
Same reason how Jewish groups infiltrated and co opted the USG apparatus, the long march in the institution, of positioning their people into power over decades of maneurvering and nepotism,
The CIA tried to do it to China with Falun Gong as well as European colonialists once used their Christian missionaries to infiltrate native government.
I get that you are a China doom and gloom guy trying to act all smart and smug. That economics 101 stuff that you've written were from those idiot economic gurus in the media who have gotten so many things wrong. If you were writing an essay on economics in a decent university, you'd be chewed out for lacking in critical thinking.
I have already said that China's economy is not in stellar shape. Its market(s) are going through a correction phase now. You wanna say that bubbles had burst, go ahead. Yes I'll say that economic bubbles (especially the property bubble) in China have been pricked. Blame anything you want: Covid lockdowns, trade wars, tech wars, government crackdowns, geopolitics, etc. When bubbles are pricked/burst, the natural result is that bad businesses go bust, and prices fall.
The Chinese government is not against fiscal spending and giving stimulus, but they are doing it in targeted manner. They have given subsidies and loosened loan conditions for the average buyers. But they did not bail the big businesses out. If any bailout was given, it was quite limited, and for very specific purposes. No business is too big to fail, and any poorly run business that is overleveraged when a bubble is pricked deserves to go down. Those businesses that do survive the bloodbath because they were better run will be able to capitalize on the new market landscape. You can tell me the 101 reasons from your economic gurus why falling prices are bad. Bad for profits for sure. The price gougers and speculators will be burned. Yet the more honest businesses can still survive it. Street level economics say that when prices fall, demand is gonna return. Every consumer likes a bargain. The supply will try to catch up to this new demand, and then prices will normalize itself. Thus the market will eventually self-correct. China is trying to let its economy self-correct, and manage the undesirable consequences. Its a bitter pill to swallow, but its far better for the economy in the long-term.
What you are proposing from you economic 101 gurus, is that when bubbles had burst, China must stimulate the economy big time. First, by bailing out the big businesses to prevent them from falling, and also give subsidies or cash handouts to the average buyer for them to buy more stuff from those big businesses. Second, by spending even more money on more mega projects (which can have negative consequences if it was wasteful and excessive). Economy is stimulated, inflation goes back up again, and everyone is happy, yay! But to do this, China needs to vastly expand its already huge budget. How? Well China needs to print more money and take on more debt! This is the American model of doing it. This is simply kicking the can down the road and inflating the bubble even bigger. This is a narcotic fix that has left America as sick as it is today. For you to propose this kind of fix for China, shows how shallow your understanding of economics is. Or maybe you desire for China to self-destruct like America, and the West.
But I know how you might argue back. "Oh but America is still the #1 economy today. Its still growing and is still unstoppable. Your 'smart and mighty' China is still only #2, and is not doing too well already. So shut up! The economic 101 gurus were right, and you are wrong. China doesn't know what the hell they are doing, and they are goin down baby. USA #1 forever!" Go ahead, I won't argue with you.
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China is still no1 tho. And US might have its own ways to not get as bad growth as EU, but they're still not on route to catch up anytime soon.