India-China 2020 Border conflict

shade

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Also in these PSUs and DPSUs I mentioned? CCP politicians who manage these companies ofc make bank, so there is easily an in-party "lobby" that promotes this further, aside from this being established state doctrine to keep those high GDP numbers and keep average Chong employed.
 

Knowitall

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Can we make an thread on this?
Like is china lying about its GDP figure? Is china manipulating its currency?
It is important that people try and understand the core issue here and how this whole thing works.

A good answer which explains the whole situation.

Chinese officials themselves will admit there GDP numbers are "estimates". None of the metrics that are important to Western economists are rigorously tracked by the Chinese bureau of statistics since they have their own, the most important being the LKI (average of growth of loans, electricity production, and rail freight) and total social financing (total private debt). GDP data are just made up after the fact based on the measures the government actually tracks rigorously. The National Bureau of Statistics gets a number the GDP growth “should” be then creatively and haphazardly collects data to justify that. If the LKI goes up by 7%, then surely GDP growth should be in that area, so figure out a way to make it so.

Critically, however, while the economic data is inaccurate, it’s not skewed. China’s PPP GDP is slightly higher than that of the US. Some commentators believe this number is overstated by 50%, and China’s GDP is actually much smaller than that of the US. However, China’s retail consumption and industrial production are both higher than that of the US, and steel production (a good indicator of how much construction is going on) is 10 times higher, so how could GDP be considerably smaller?

Chinese GDP data are *chabuduo* numbers - improvised on the spot and “good enough”, but they are not wildly off the mark.

There have been times that the party has manipulated GDP for propaganda purposes in the short term, but these are always corrected afterwards. In 2014, LKI growth collapsed but Chinese official data still showed 6% growth. In subsequent years, the LKI showed growth in the high single digits, but official GDP growth was still around 6%.

This all begs the question of why China doesn’t track GDP more rigorously, and the answer is that their planners come from a different school of economics. Since it’s founding, the PRC has been under constant (perceived) existential threat from outside forces (until 1965, the US, from 1965-1989 the USSR, then back to the US after Tiananmen), and its economy is something of a “permanent war economy”. Even under “capitalism”, the party actually controls all big business. Like the Japanese planners they learned from, Chinese central planners know the importance of heavy industrial output to military power and the entire economy is geared around the state’s industrial and technological targets, which in turn exist to support the state’s strategy- the green energy push, for example, exists purely to reduce dependence on oil imports which the US can easily blockade. In this environment of “guided” capitalism, the amount of money that has changed hands in a given year (effectively GDP) is not that important to the state.

China has also figured out a way to control GDP quite easily through controlling credit creation. Private banks effectively expand the money supply just as much if not more than the government of most countries - when they loan $10, they do not loan cash but instead create a bank account with $10 in it. When the debtor uses that $10 to buy overpriced smashed avacado, it goes into the cafe’s bank account, and the bank doesn’t have to “make good” on the IOU it has just issued. Bank of Japan economists in the late 2000s found an almost 1:1 correlation between change in total credit and change in GDP. China, with its state banks and closely supervised private banks, has counteracted every downturn, from 2008 to the stock market crash early in Xi’s administration, to the current coronavirus crisis, by simply ordering state banks to issue more credit. Case in point - China’s total social financing has jumped almost 14% since last year. It should be no surprise that the GDP has recovered with all this new credit.
 

Knowitall

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Artificially created shit hardly lasts long enough.
In China you will see a brand new road torn apart and made again.

Their construction defers from place to place they build long lasting stuff where they need to and cheap stuff where they need to.

Such quality is by design most of the time so that reconstruction can take place again.
 

johnq

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It is important that people try and understand the core issue here and how this whole thing works.

A good answer which explains the whole situation.

Chinese officials themselves will admit there GDP numbers are "estimates". None of the metrics that are important to Western economists are rigorously tracked by the Chinese bureau of statistics since they have their own, the most important being the LKI (average of growth of loans, electricity production, and rail freight) and total social financing (total private debt). GDP data are just made up after the fact based on the measures the government actually tracks rigorously. The National Bureau of Statistics gets a number the GDP growth “should” be then creatively and haphazardly collects data to justify that. If the LKI goes up by 7%, then surely GDP growth should be in that area, so figure out a way to make it so.

Critically, however, while the economic data is inaccurate, it’s not skewed. China’s PPP GDP is slightly higher than that of the US. Some commentators believe this number is overstated by 50%, and China’s GDP is actually much smaller than that of the US. However, China’s retail consumption and industrial production are both higher than that of the US, and steel production (a good indicator of how much construction is going on) is 10 times higher, so how could GDP be considerably smaller?

Chinese GDP data are *chabuduo* numbers - improvised on the spot and “good enough”, but they are not wildly off the mark.

There have been times that the party has manipulated GDP for propaganda purposes in the short term, but these are always corrected afterwards. In 2014, LKI growth collapsed but Chinese official data still showed 6% growth. In subsequent years, the LKI showed growth in the high single digits, but official GDP growth was still around 6%.

This all begs the question of why China doesn’t track GDP more rigorously, and the answer is that their planners come from a different school of economics. Since it’s founding, the PRC has been under constant (perceived) existential threat from outside forces (until 1965, the US, from 1965-1989 the USSR, then back to the US after Tiananmen), and its economy is something of a “permanent war economy”. Even under “capitalism”, the party actually controls all big business. Like the Japanese planners they learned from, Chinese central planners know the importance of heavy industrial output to military power and the entire economy is geared around the state’s industrial and technological targets, which in turn exist to support the state’s strategy- the green energy push, for example, exists purely to reduce dependence on oil imports which the US can easily blockade. In this environment of “guided” capitalism, the amount of money that has changed hands in a given year (effectively GDP) is not that important to the state.

China has also figured out a way to control GDP quite easily through controlling credit creation. Private banks effectively expand the money supply just as much if not more than the government of most countries - when they loan $10, they do not loan cash but instead create a bank account with $10 in it. When the debtor uses that $10 to buy overpriced smashed avacado, it goes into the cafe’s bank account, and the bank doesn’t have to “make good” on the IOU it has just issued. Bank of Japan economists in the late 2000s found an almost 1:1 correlation between change in total credit and change in GDP. China, with its state banks and closely supervised private banks, has counteracted every downturn, from 2008 to the stock market crash early in Xi’s administration, to the current coronavirus crisis, by simply ordering state banks to issue more credit. Case in point - China’s total social financing has jumped almost 14% since last year. It should be no surprise that the GDP has recovered with all this new credit.
I suggest you watch this interview:
Kyle Bass sits down with infamous Chinese businessman Guo Wengui, also known as known as “Miles Kwok,” to hear a series of shocking accusations and predictions revolving around the Chinese government. Kwok provides his perception of the backstory behind several recent high-profile news items, and touches on the Chinese government’s management of the economy. He also unfurls an alarming forecast about Alibaba co-founder Jack Ma. Filmed on October 5, 2018 at an undisclosed location.

Here is the thing: The Chinese government is not "like" a criminal organization, it "is" a criminal organization; the largest criminal organization in the world, and that is how it runs. Nothing can be believed, and the empire of a few powerful people at the top is built on the backs of millions and millions of underpaid and overworked slaves who (along with their families) are under constant threat. Now if you believe anything that comes out of the mouths of such creeps, then good luck to you.

Listen to what Guo Wenghui says about how these criminals have been feeding off of the Hong Kong banking system and businesses; which is the real reason behind everything going on there. It is an empire of criminals built on a house of lies. Business owners in Hong Kong regularly "disappear" or "fall out of a building" while the government takes over their assets. The owners of the corporations of the US and other western countries have been blinded by greed to do business with such evil people; they will soon discover the consequences when the Chinese government stabs them in the back; although it has already begun with Covid-19, but US businessmen are still asleep.
 

Willy3

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So can I assume that we are in "jo jaha he waha baith jayega" situation ?

We for long time in future lost f8-f4 coast line but gain all the overlooking ridge in northern bank while also strengthening our defence of chusul gap by capturing kala top and adjoining ridge.. right?
 

DownWithCCP

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I've never seen a ghost city in China, maybe there are some, but must be very rare, as for China's GDP number, it's as accurate as all other economies, India actually changed its way to calculate its GDP and the number increased dramatically, so GDP is never a very accurate measurement anyway. China's trade growth is calculated by both China and foreign trading partners, foreign numbers are in line with the Chinese domestic ones.

As for "China imminent economc crash", it's never new, the west has been reporting that for at least 40 years, it's long become a broken joke.

Weren't you banned from the forums before??
Just asking :playball:
 

Knowitall

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So can I assume that we are in "jo jaha he waha baith jayega" situation ?

We for long time in future lost f8-f4 coast line but gain all the overlooking ridge in northern bank while also strengthening our defence of chusul gap by capturing kala top and adjoining ridge.. right?
Unfortunately black top is not with us we have lost access to f4-f8 and what ever patrolling rights or land in gogra hot springs or despang.

Ridge line and such were already on our side of the LAC and we just occupied them.

Also the situation is not "jo jaha he waha baith jayega" situation it's more like jo jaha hai wo ab uska hai situation.

And then you have chinese incursions in bhutan too so there's that.
 

NAMICA

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There are multiple projects currently under development

Reposting one of them

From a startup Zmotion

Hand launched , vehicle launched attack drones for IAF , IA , IN and SFs.

Ability to search , detect and attack radar emitting targets autonomously, undetectable by hostile radars , swappable payloads / warheads , fire and forget ability , loitering ability , retargeting capability ability to attack targets on the move eg SAM radars / launchers etc

Read the slides for more details


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Credit : Nationaldefence @ YouTube
CEP looks awful.
 

Bhumihar

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क्या यह बंदा चीन से है?
Pure Hindi me post karoge to wo Google translate kar lenge. Meri tarah likho isko translate nahi kiya ja sakta.

Ye banda paid 50 anna ka chini chatukar he.

Iska account kuch dino pehle mods dwara sthagit kiya gaya tha but lagta he yr phir de apne chutiyape pe utar aya he.
 

ArgonPrime

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Pure Hindi me post karoge to wo Google translate kar lenge. Meri tarah likho isko translate nahi kiya ja sakta.

Ye banda paid 50 anna ka chini chatukar he.

Iska account kuch dino pehle mods dwara sthagit kiya gaya tha but lagta he yr phir de apne chutiyape pe utar aya he.
Bhai, ek adha jokers toh rahna chahihe, kyun hain ki nehi?? Karne do chutiyappa usko, free ka entertainment hota rahega.
 

mokoman

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Pure Hindi me post karoge to wo Google translate kar lenge. Meri tarah likho isko translate nahi kiya ja sakta.

Ye banda paid 50 anna ka chini chatukar he.

Iska account kuch dino pehle mods dwara sthagit kiya gaya tha but lagta he yr phir de apne chutiyape pe utar aya he.
That was in past , google can translate that too.

Dude cant stand all you guys shit talking his country 😄
 

RoaringTigerHiddenDragon

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The main reason Chinki Pandey attacked is because they know that India has arrived to a level where we have become a serious threat to the CCP. Contrary to what many people think (that CCP is a threat to India), it is actually India that has become a real threat to CCP. The CCP has a real problem now because for decades they were doling out outright garbage like a democratic India does not get anything right and the CCP model is the salvation for the Hans. Suddenly when India started executing Mars orbiters, exporting arms, making commercial moneys in space, become the largest car exporters, leadership in pharmaceutical, marked improvement in infrastructure, urban development, standards of living etc., the CCP got a heart attack because their people have started saying - look a chaotic, democratic India is executing development and growth in a much faster and much more transparent way than we do and have started prodding the international criminal organization (aka CCP) on the need for a representative democracy in China as well. This fear of losing power is driving CCP insane and making it resort to ”you can never march Us. We have higher IQ. We are technologically superior etc. “. Bottom line: Fear of the massive successes achieved by a chaotic, democratic India in several growth & development teas is giving sleepless nights to Xitler and his criminal gang.
 

FalconSlayers

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Pure Hindi me post karoge to wo Google translate kar lenge. Meri tarah likho isko translate nahi kiya ja sakta.

Ye banda paid 50 anna ka chini chatukar he.

Iska account kuch dino pehle mods dwara sthagit kiya gaya tha but lagta he yr phir de apne chutiyape pe utar aya he.
Matlab cheen se hai na yeh?
 

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