The successful business owners has expensive cars, so by buying an expensive car anyone can be successful business owner.
The above statement is true as much as saying by spending a lot for R&D any country can be rich.
Trade War with China
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The above statement is true as much as saying by spending a lot for R&D any country can be rich.
Quickie
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I didn't say anything in the regard it's negative for China.
I'm of the opinion US companies have already benefitted greatly from its operations in China and having China as its manufacturing and exporting base. The amount of the trade surplus is somewhat misleading when you consider that only a tiny percentage of the revenue from the sales of a product goes to the Chinese workers with the majority of it going to the multinational companies.
That is your measure of success?
A business owner buying an expensive car?
The vast majority of countries in the world are stuck in the middle income trap and have low levels of R&D spending.
It doesn't matter if high R&D spending is a cause or an effect, in terms of escaping the middle income trap and becoming a wealthy hi tech country. What matters is that China has created a favourable environment that promotes high R&D spending, and which is commercially viable in the global marketplace.
So Chinese companies should be able to develop products which are definitely cheaper and more suited to the Chinese market.
I know "business owner" who follow this mentality : D
Hey, surprise ,he hasn't got bigger orders just because of the expensive car.
Again, you make cause-effect relationship between two variable without any supporting proof / theory or knowing the circumstances.
And because the policy makers know it in Zhongnanhai they try to incense / inflate the R&D % .
Every country wants higher R&D spending.
Plot R&D spending against GDP per capita for middle income versus developed countries. The China exception is obvious.
Either Chinese R&D spending crashes downwards to the levels of middle income countries.
Or Chinese GDP per capita increases to wealthy developed country levels.
And the trend is firmly for Chinese R&D to increase further.
Jura The idiot
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now noticed the tweet
China's holdings of US Treasury bonds totaled $1.151 trillion in September, hitting their lowest in a year, but the country remained the largest foreign buyer of US government debt, statistics released Friday by US Department of the Treasury showed.
China's holdings of US Treasury bonds totaled $1.151 trillion in September, hitting their lowest in a year, but the country remained the largest foreign buyer of US government debt, statistics released Friday by US Department of the Treasury showed.
Hendrik_2000
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