China Economy: News & Discussion

[MiG-29SMT]

Have the Russians achieved 100%?

The c929 is expected to be powered by Chinese-made engines



However, as a civil aircraft, it is not necessary to pursue 100% domestic parts

The reality is when measured at $2 per day, hundreds of millions of Chinese are in poverty, much more than Indians are. That is the truth that the CCP is trying to hide behind d all this glitzy buildings and show off projects. Lol.

Chinese live similar to mexicans in Mexico 60% pf the people is poor, with misery reaching close to 20%, China is not rich

 

[RoaringTigerHiddenDragon]

In 2023, Private enterprises contribute more than 50% of tax revenue, more than 60% of GDP, more than 70% of technological innovation results, and more than 80% of employment. The private economy is the main force of China's economic development.

百度安全验证

baijiahao.baidu.com

U can shit China economy as much as you like, but please get the right data.



CHINA'S PRIVATE SECTOR is often summed up with a combination of four numbers: 60/70/80/90. Private firms contribute approximately 60% of China's GDP, 70% of its innovative capacity, 80% of urban employment and 90% of new jobs.

Edward Cunningham: What is the future of China’s private sector?

www.hks.harvard.edu

I entirely doubt these numbers. Define private enterprise. Simply forming a company where the government holds 50% of shares and has several directors on the board is NOT a private company. Majority of the Chinese companies are like this. The reason Chinese stock exchanges have consistently returned bad returns is because of this government presence everywhere. Plus in every “private” Chinese company, top leadership has several party secretaries for oversight. The thing is China tries to play this game where things look like private money and entrepreneurship but scratch the surface and there is CCP control everywhere. Huawei, Tencent, Alibaba, Evergrande, PingAn, SMIC etc are all like this.

 

[RoaringTigerHiddenDragon]

View attachment 223915

note that Indian women hold ten times the gold in China. This is why even the poor Indians are asset rich as gold value has zoomed a lot. This is also why you don’t see extreme poverty like in China where millions have no income but also no wealth, no social security at all. You will never see in india the things that you saw in the video I shared about extreme poverty in China. Truly horrendous stuff.

 

[RoaringTigerHiddenDragon]

View attachment 223913

A ton of gold is worth $50 million US dollars and rising every day given how currencies are failing everywhere. 25000 tons is worth $1.25 trillion dollars. This excludes all the gold in Indian temples which is also substantial. If the world ever gets back to gold standard, we know who the winners will be.

 

[rockdog]

I entirely doubt these numbers. Define private enterprise. Simply forming a company where the government holds 50% of shares and has several directors on the board is NOT a private company. Majority of the Chinese companies are like this. The reason Chinese stock exchanges have consistently returned bad returns is because of this government presence everywhere. Plus in every “private” Chinese company, top leadership has several party secretaries for oversight. The thing is China tries to play this game where things look like private money and entrepreneurship but scratch the surface and there is CCP control everywhere. Huawei, Tencent, Alibaba, Evergrande, PingAn, SMIC etc are all like this.

It's very easy to say "i doubt it", but if you just spend little time on search by data.

Let me take a exmaple:
As you said:

The Chinese auto industry accounts 10% of our GDP. Among them, there are 50% share belong to local brands, 50% share of them belongs to forgein brands.

50% of those are local brands, there are big three by private companies: GWM, Geely, BYD, let's say the share is 50% of local brands from private sector. Then, 2.5% of GDP belongs to local private auto brands.

Then, 50% of those forgein brands, Tesla is 100% owened by private company, BMW 100% owened by private company, others are around half-half JV between forgein companes and local auto makers. Anyway, let's say still 50% share of belong to private sector. Then, 2.5% of GDP belongs to private comapnes (acutally, forgein brands are more expensive than local brands).

Then, there are already 5% of GDP belong to private sectors, this is just one industry. your conclusion is obsurd, since you said 90% of economy is by SOEs.

PLEASE, don't waste time and resource of this forum for claiming something you didn't do any research.

 

[rockdog]

note that Indian women hold ten times the gold in China. This is why even the poor Indians are asset rich as gold value has zoomed a lot. This is also why you don’t see extreme poverty like in China where millions have no income but also no wealth, no social security at all. You will never see in india the things that you saw in the video I shared about extreme poverty in China. Truly horrendous stuff.

Is this the reason why the dowry murder so popular in India? If your women protection system and financial system are good enough, people don't need keep the things in hands.

 

[RoaringTigerHiddenDragon]

Is this the reason why the dowry murder so popular in India? If your women protection system and financial system are good enough, people don't need keep the things in hands.

Those are all statistically irrelevant numbers. We cannot prevent everything. You are clutching at straws. The general Fact remains that the poorest Indian has more assets than the poorest Chinese. This matters a lot.

 

[RoaringTigerHiddenDragon]

It's very easy to say "i doubt it", but if you just spend little time on search by data.

Let me take a exmaple:
As you said:

View attachment 223938


The Chinese auto industry accounts 10% of our GDP. Among them, there are 50% share belong to local brands, 50% share of them belongs to forgein brands.

50% of those are local brands, there are big three by private companies: GWM, Geely, BYD, let's say the share is 50% of local brands from private sector. Then, 2.5% of GDP belongs to local private auto brands.

Then, 50% of those forgein brands, Tesla is 100% owened by private company, BMW 100% owened by private company, others are around half-half JV between forgein companes and local auto makers. Anyway, let's say still 50% share of belong to private sector. Then, 2.5% of GDP belongs to private comapnes (acutally, forgein brands are more expensive than local brands).

Then, there are already 5% of GDP belong to private sectors, this is just one industry. your conclusion is obsurd, since you said 90% of economy is by SOEs.

View attachment 223940

PLEASE, don't waste time and resource of this forum for claiming something you didn't do any research.

That is all there is auto industry where some foreign players are allowed. Even those doors are getting slowly closed. Almost all countries complain of China not opening up its markets. EU is the latest. All other sectors especially real estate where I said 90% of companies is owned/semi owned by government through loans from SOE banks is absolutely a fact. Real estate and a;lied industries make up 30-40% if your gdp. Most heavy manufacturing is also owned by SOEs. All big banks and insurance are SOEs. All private companies have CCP on the board and even as executives. Even startups have CCP members in them. Just forming a corporation does not mean it is not state controlled. A huge majority of Chinese economy is state funded, directed and controlled. That is a fact no one can deny. China is a state led capitalist country not people led like elsewhere in US, India, Europe etc. There is a big difference.

 

[rockdog]

Those are all statistically irrelevant numbers. We cannot prevent everything. You are clutching at straws. The general Fact remains that the poorest Indian has more assets than the poorest Chinese. This matters a lot.

Total number of reported dowry death cases in India from 2005 to 2021

India: dowry deaths 2022 | Statista

Dowry deaths reduced in India in 2021 numbered at nearly 6.8 thousand, a decline from 2020. Dowry system is a social evil now punishable by law.

www.statista.com

Actually, for most nations, gold is not that necessary as personal assets. Keeping huge amount of gold might be your culture, i am OK with it. But if you say that since you have most gold in civil, then you are rich, that's little obsurd to me.

After Bretton Woods system ended in 1971，gold is not that important. And if people have money, they wil have multiple choices on other investment channels. Keeping huge amount of gold is not good for investment and have little help for your economy. Imagine if Indian women used them to covert into USD and managed by some investment fund, it would be more helpful.

And there might be less dowry murders.

 

[rockdog]

That is all there is auto industry where some foreign players are allowed. Even those doors are getting slowly closed. Almost all countries complain of China not opening up its markets. EU is the latest. All other sectors especially real estate where I said 90% of companies is owned/semi owned by government through loans from SOE banks is absolutely a fact. Real estate and a;lied industries make up 30-40% if your gdp. Most heavy manufacturing is also owned by SOEs. All big banks and insurance are SOEs. All private companies have CCP on the board and even as executives. Even startups have CCP members in them. Just forming a corporation does not mean it is not state controlled. A huge majority of Chinese economy is state funded, directed and controlled. That is a fact no one can deny. China is a state led capitalist country not people led like elsewhere in US, India, Europe etc. There is a big difference.

You don't need write too much no sense stuff, my data showed you are wrong:

 

[RoaringTigerHiddenDragon]

Total number of reported dowry death cases in India from 2005 to 2021

India: dowry deaths 2022 | Statista

Dowry deaths reduced in India in 2021 numbered at nearly 6.8 thousand, a decline from 2020. Dowry system is a social evil now punishable by law.

www.statista.com

Actually, for most nations, gold is not that necessary as personal assets. Keeping huge amount of gold might be your culture, i am OK with it. But if you say that since you have most gold in civil, then you are rich, that's little obsurd to me.

After Bretton Woods system ended in 1971，gold is not that important. And if people have money, they wil have multiple choices on other investment channels. Keeping huge amount of gold is not good for investment and have little help for your economy. Imagine if Indian women used them to covert into USD and managed by some investment fund, it would be more helpful.

Except gold is the most transferable currency. You can buy and sell gold anywhere in the world. US Dollar is next. But as store of value in risky times gold has always been sought after. That is why US still has good amounts of gold reserves. Russia increased its gold reserves prior to the war. Indians are not going to sell gold to buy iPhones or give it to the government so they can invest in Ponzi real estate schemes like in China.

 

[RoaringTigerHiddenDragon]

You don't need write too much no sense stuff, my data showed you are wrong:

View attachment 223943

Your data is wrong. I have data that shows that 80-90% of your economy is one way or the other under CCP directive. This includes hospitals and healthcare as well.

 

[rockdog]

Your data is wrong. I have data that shows that 80-90% of your economy is one way or the other under CCP directive. This includes hospitals and healthcare as well.

According to classic western economy theories, such kind of economy like you described, shouldn't be such vivid and efficient. China should be already as poor as India.

But the fact is not right? So if our system is such bad, which means our IQ is higher? No, it shouldn't, right?

 

[MiG-29SMT]

According to classic western economy theories, such kind of economy like you described, shouldn't be such vivid and efficient. China should be already as poor as India.

But the fact is not right? So if our system is such bad, which means our IQ is higher? No, it shouldn't, right?

stop you racist rants, living in Asia has taught me something. intelligence is partially training and good nutrition, moral virtues are also part of intelligence.

The smartest people on earth are the jews, but not by genetics but by a constant desire to understand justice and holiness.

Chinese tent to be fanatics, jingoistic, sometimes you have primitive cultural customs, and you are very crooked in general terms you are not as smart as you boast, and in beauty Indian women tend to be prettier than your women, so stop boasting humility is the first sign of intelligence as well being humble no one is physically superior, the only difference between people are moral values and the way they treat others.


The true value is being fair honest kind and humble,

In few words being not wicked, the less wicked the more intelligent, the kindest the more holy, the more holy the more wise

 

[KurtisBrian]

But the fact is not right? So if our system is such bad, which means our IQ is higher? No, it shouldn't, right?

by this you mean since China is now producing more wealth than India the Chinese system must be better at producing wealth.
If the Chinese system isn't better there must be another reason for the difference, perhaps higher IQ.
You leave it as a question, asking what is the cause of the greater wealth production, a system designed to better produce wealth or people having higher IQ?

 

[MiG-29SMT]

According to classic western economy theories, such kind of economy like you described, shouldn't be such vivid and efficient. China should be already as poor as India.

But the fact is not right? So if our system is such bad, which means our IQ is higher? No, it shouldn't, right?

If you think this is intelligence then you will say this is brilliance

stupidity in extreme, true intelligence is do justice

well what can we say that a guy who killed millions

yes Chinese do not tend to be sheepeople, smart peaople indeed

 

[Azaad]

View attachment 223949
View attachment 223950

If you think this is intelligence then you will say this is brilliance
View attachment 223951

stupidity in extreme, true intelligence is do justice

well what can we say that a guy who killed millions

View attachment 223952

yes Chinese do not tend to be sheepeople, smart peaople indeed

Say , @rockdog I read somewhere it's part of mandatory training in MSS , CCP , PLA , SOE , etc to be familiar with every quote of the little red book of Mao just like in the centuries gone by aspirants for the bureaucratic examinations were expected to be completely familiar with all the Confucian texts .

Is it true & if so why ? Has great helmsman 1.0 replaced Kong Fuzi as the new conscience keeper of Zhongguo ?

 

[Azaad]

by this you mean since China is now producing more wealth than India the Chinese system must be better at producing wealth.
If the Chinese system isn't better there must be another reason for the difference, perhaps higher IQ.
You leave it as a question, asking what is the cause of the greater wealth production, a system designed to better produce wealth or people having higher IQ?

In that case the US should get most credit on this count as they are far more wealthier than China will ever be both in GDP nominal as well as per capita basis & the Swiss should be more clever than the average American as the Swiss GDP per capita exceeds that of the US which brings us to maple syrup land & since it's widely acknowledged in the US that average Canadians as a breed are slower than the SLOWEST American how do you explain Canada's GDP ?

 

[MiG-29SMT]

Say , @rockdog I read somewhere it's part of mandatory training in MSS , CCP , PLA , SOE , etc to be familiar with every quote of the little red book of Mao just like in the centuries gone by aspirants for the bureaucratic examinations were expected to be completely familiar with all the Confucian texts .

Is it true & if so why ? Has great helmsman 1.0 replaced Kong Fuzi as the new conscience keeper of Zhongguo ?

he only sees materialism they boast only about material things like kids who boast new toys, but all societies have good and bad things the more materialistic a society less spiritual they become, when economic shines hides the world of emptiness, sometimes wickedness, in general terms there are good and bad people every where, but the morals of chinese society have become money money even they become thieves and wicked, of course not all chinese are evil there are good people but boasting economic progress hides lack of values and a materialistic world view regardless they do organ harvesting or steal intelectual property all for the sake of money

 

[Azaad]

Good summation of the property sector in China & of course the state of affairs at Evergrande.