China Economy: News & Discussion

[SexyChineseLady]

Starting the new year!!!

On land! Over 30M cars sold! (For perspective, this twice that of the US and around 10 times that of India!)

At sea!

And in the air!

 

[Azaad]

https://www.gizmochina.com/2024/01/02/netherlands-advanced-semiconductor-china/

 

[SexyChineseLady]

 

[rockdog]

On CCTV now.

 

[rockdog]

RCEP entry on Bangladesh’s horizon: A game-changer in trade

TTWTO VCCI - (News) RCEP entry on Bangladesh’s horizon: A game-changer in trade

In a significant development, Bangladesh is currently mulling over the prospect of becoming a member of the Regional Comprehensive Economic Partnership (RCEP), a 15-nation trading bloc.

wtocenter.vn

In a significant development, Bangladesh is currently mulling over the prospect of becoming a member of the Regional Comprehensive Economic Partnership (RCEP), a 15-nation trading bloc.

This crucial decision has garnered attention for the potential benefits to Bangladesh and the broader implications on regional and international trade dynamics.

The Ministry of Commerce has recommended the country’s accession to the RCEP, recognizing the numerous advantages that membership could bring.

However, it is essential to note that the final decision will only be made following the parliamentary elections scheduled for January 2024.

----------------

If it works, will be very good for Bangla and other RCEP nations, and makes its per gdp growing even faster!

 

[Azaad]

 

[Azaad]

So much for red blue green yellow & all the possible color combinations @SexyChineseLady was peddling out here & @rockdog was nodding his head to.

 

[Azaad]

 

[SexyChineseLady]

China will eventually build Russia into an extension of its industrial eco-system

 

[rockdog]

China will eventually build Russia into an extension of its industrial eco-system

View attachment 234855

 

[SexyChineseLady]

View attachment 234856

Industrial exports to Russia are massive!

 

[rockdog]

Industrial exports to Russia are massive!
View attachment 234857

top3 Chinese automobile destinations: Russia, Mexico, Belgium. Jan - Oct 2023

 

[SexyChineseLady]

Huawei Aito M9:

 

[SexyChineseLady]

All commie nations are poorer than their free market equivalents. RoC is wealthier than PRC. West Germany was wealthier than East Germany. It is simple economic tenets.

China is wealthier than North Korea because it is more capitalistic.

Now any democratic country that is poorer than its communist neighbors has other more intrinsic issues besides economic planning and government

 

[rockdog]

Now any democratic country that is poorer than its communist neighbors has other more intrinsic issues besides economic planning and government

Are you talking about China vs Nepal or else?

 

[SexyChineseLady]

Are you talking about China vs Nepal or else?

Any country neighboring North Korea, China or Cuba. If you are democratic and STILL poorer than a communist neighbor then you have some major intrinsic issues.

Neighbors should have comparable geographical advantages/disadvantages to trade and human/natural resources. In those cases, the democratic free market nation is much more wealthier than the communist one. That is ironclad law. You will never see an democratic free country poorer than a communist neighbor unless there are serious issues with intrinsic attributes like culture and ethnicity.

East Germany was poorer than European free market nations but was still wealthier than nominally democratic free nations in Africa like Kenya or Nigeria. PRC is wealthier than Nepal or Bangladesh -- even though those countries are free and democratic -- because of other disadvantages they have vis a vis communist China.

Conversely, China can get even wealthier by adding more free market elements to its economy as time goes on.

It is far easier for China to ease away from communist practices and adopt even more democratic or market reforms than it is for Nepal or Bangladesh to changes its ethnicity or culture since those are already democratic and free market.

 

[Azaad]

All commie nations are poorer than their free market equivalents. RoC is wealthier than PRC. West Germany was wealthier than East Germany. It is simple economic tenets.

China is wealthier than North Korea because it is more capitalistic.

Now any democratic country that is poorer than its communist neighbors has other more intrinsic issues besides economic planning and government

I think one of these days I'm either going to virtually shoot you or one of your compatriots for using Baidu translate. I think you can be ruled out in spite of Baidu translate being what it is , for simply being you .

To further clarify my post , the point the tweeter was making apart from the economy of the DPRK was that the DPRK & its allies lost twice the number of people including soldiers than the RoK & its allies & ended up with the kind of country it is today , with the CCP proclaiming it to be some great victory .

 

[Azaad]

Any country neighboring North Korea, China or Cuba. If you are democratic and STILL poorer than a communist neighbor then you have some major intrinsic issues.

Neighbors should have comparable geographical advantages/disadvantages to trade and human/natural resources. In those cases, the democratic free market nation is much more wealthier than the communist one. That is ironclad law. You will never see an democratic free country poorer than a communist neighbor unless there are serious issues with intrinsic attributes like culture and ethnicity.

East Germany was poorer than European free market nations but was still wealthier than nominally democratic free nations in Africa like Kenya or Nigeria. PRC is wealthier than Nepal or Bangladesh -- even though those countries are free and democratic -- because of other disadvantages they have vis a vis communist China.

Conversely, China can get even wealthier by adding more free market elements to its economy as time goes on.

It is far easier for China to ease away from communist practices and adopt even more democratic or market reforms than it is for Nepal or Bangladesh to changes its ethnicity or culture since those are already democratic and free market.

Look who's talking . A nation which less than 60 years ago had people cannibalising each other during the famines of the great leap forward & 5 pests campaign under great helmsman 1.0 now boasts about having arrived on the world stage under the very same CCP of great helmsman 2.0 , forgetting the common element to both those periods - the CCP , which translates to mean that if the CCP finds its position threatened , it won't hesitate to unleash the very same forces it did the last time for the last thing they want to lose is power.

All this would still be fine until the CCP but especially great helmsman 2.0 has a bee in his bonnet about retaking Taiwan & he thinks he can do it without a shot being fired. Should be great fun to see what follows.

And CCP democratising its system is like the Chinese turning vegetarian overnight. Can you imagine such a possibility? What will the wet markets & those dependent on the chinese traditional medicine system do ? What will those running pig farms do ?

Btw only an extremely stupid person could come up with the kind of analogy you did when suggesting it's easier for CCP to adopt more free market reforms & democratise than it is for Bangladesh or Nepal to change its culture or ethnicity.

 

[SexyChineseLady]

Look who's talking . A nation which less than 60 years ago had people cannibalising each other during the famines of the great leap forward & 5 pests campaign under great helmsman 1.0 now boasts about having arrived on the world stage under the very same CCP of great helmsman 2.0 , forgetting the common element to both those periods - the CCP , which translates to mean that if the CCP finds its position threatened , it won't hesitate to unleash the very same forces it did the last time for the last thing they want to lose is power.

All this would still be fine until the CCP but especially great helmsman 2.0 has a bee in his bonnet about retaking Taiwan & he thinks he can do it without a shot being fired. Should be great fun to see what follows.

And CCP democratising its system is like the Chinese turning vegetarian overnight. Can you imagine such a possibility? What will the wet markets & those dependent on the chinese traditional medicine system do ? What will those running pig farms do ?

Btw only an extremely stupid person could come up with the kind of analogy you did when suggesting it's easier for CCP to adopt more free market reforms & democratise than it is for Bangladesh or Nepal to change its culture or ethnicity.

China would not have a bigger economy than the US if the CCP didn't change

There is no possible way for a truly commie economy wedded to Marxist tenets to this:

That said, a truly free and capitalistic China would be FOUR TIMES bigger than it is now. So there is still a lot of changes China could go through to grow even bigger

Free nations like Nepal and its neighbors are pretty much at their potential since they were always free and democratic

 

[Azaad]

China would not have a bigger economy than the US if the CCP didn't change

There is no possible way for a truly commie economy wedded to Marxist tenets to this:
View attachment 234881
View attachment 234880

That said, a truly free and capitalistic China would be FOUR TIMES bigger than it is now. So there is still a lot of changes China could go through to grow even bigger

Free nations like Nepal and its neighbors are pretty much at their potential since they were always free and democratic

It seems to me being the genius you are , you're under the impression that China's achieved whatever it is only due to the CCP. All the investment the west brought in , the transfer of manufacturing from their countries to China & the markets they offered to the Chinese amounted to nothing.

Well good for you because the CCP forgot all about it themselves & are now being reminded about it by the west.

Secondly for China to replicate the US's success & be 4 times the size of it , it has to boost internal consumption . Up until now you're an export driven economy. It's only now CCP is trying to boost internal consumption to offset the losses made up in the construction sector among other sectors , the existing & potential loss of exports & by going up the value chain from job working into innovation.

It's still work in progress & this transition will take another 2 decades before the results are out . However that shouldn't prevent you or the CCP from claiming it's a grand success TODAY ITSELF as only you & the CCP can .

Thirdly embracing free market economics & embracing the free market are 2 different things. An authoritarian regime can always do the former not the latter as that requires it to loosen its hold over power & de centralise apart from democratise. That's the last thing the CCP will do but trust you to understand the problem & the solution.

Finally if you're comparing a nation like Nepal with a population of < 30 million to China with a population of > 1.4 billion , you need to have your head examined.