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Thread: China Reports Worst Economic Growth Since 1990

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    Quote Originally Posted by archives View Post
    You post this as if it is some kind of victory for Trump, as if it is going to have the effect of pushing China to the negotiating table, it isn't, the one reality you keep overlooking is that China is an autocracy, they aren't worry about its effects on the Chinesse people, nor are the people going to rise in and demand action, the leaders can pretty much do what they want including waiting two years till Trump fades
    Xi is "President for life" until he's not. Xi is president contingent on his trade policies bringing in cash to support SOEnterprises,and using the money to pay for "1 belt 1 road ' infrastructure.

    China has it's own oligarchs however- not just SOEs- and they ain't happy.

    There is political pressure on Xi to perform,and also I'm betting he will sign a trade agreement-
    and they have made purchases as well as dropping the requirement for joint venture IP theft

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    Quote Originally Posted by Bill View Post
    Tis interesting that they have yet to play or threaten to play that card, yet......
    they use the interest payments as well. look at the OP for Chinese dynamics.
    Also any continuing stimulus and less deposit requirements are for a "soft landing"

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    As I argued in my book, The End of the Asian Century, decades of sweeping problems under the rug have caught up with China. From a labor shortage (thanks to the One Child Policy), which drives up labor costs, to malinvestment and crony capitalism, along with horrific environmental damage, China’s vaunted economic model was unsustainable in the long run. The extraordinary growth that China underwent from the 1980s onward was real, and yet in starting from such a low base, extraordinary growth was possible if even modest economic reforms were implemented.

    Today, the reform program has all but stalled, and Chinese President Xi Jinping’s tenure will likely be known for its big promises and few accomplishments. That’s one reason why he has placed such a big emphasis on the Made in China 2025 program, to make China the world’s leader in high-tech development and manufacturing, and on the Belt and Road Initiative, to open up new markets. Yet, just like Japan in the 1980s, his grandiose plans are unlikely to achieve their aim. Not only is the Chinese economy still dependent on capturing (read: stealing) foreign intellectual property, the role of state-owned enterprises is growing in crucial sectors (even if absolute numbers have been reduced thanks to consolidation and privatization). Moreover, the lack of confidence in China’s future has spread downward from the elite (most of whom have foreign passports and send their money and children abroad) to middle-class Chinese, who are trying to protect their money by purchasing real estate abroad.

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    Quote Originally Posted by Bigdog View Post
    Where's the link for that claim? ... in your ass? ... because that's obviously where you pulled it from.

    How can American workers compete with low-wage Chinese workers? What is the liberal's solution?
    Hey! Thanks for asking a very good question!

    First of all, wipe that defeatist look off of your face, OK? We are talking about America and American workers.

    It was just 4 years ago that the average worker in China, was only 33 cents an hour. But just a few years later, China is now sporting a 65% increase in average wage earnings and is at $3.40 cents an hour. Whooptitity do! Right?

    So, forget the wage difference, because we are not in competition with China regarding who can keep wages the lowest. We do not want to win that game or even try to play in that kind of a wage war with China.

    In fact, we should be increasing our wages here in America, instead of trying to lower them to Chinese standards!

    America, for almost the last 75 years, has been the leader in the world for technology and education. These two things go together! You will never have one without the other.

    America has taken it's eye off of the ball, and now Japan is leading the world in technology. We are sitting at 2nd Chair. And China is now sitting in the 5th chair, just after South Korea and Germany. But, let me tell you, no one country has moved up the scale of technology as fast and as far as China has in the last decade.

    China is gaining in technology the fastest, and is now leading in many areas of technology in the world. Let's just take robotic technology for one example. China is now leading the rest of the world in robotics- which actually replaces labor- once it's up and working.

    While China has been educating and graduating engineers with math and engineering degrees at little to no cost to the student, here in America, we are still trying to keep more people out of college than helping them acquire educations. We make education a lifestyle choice for the rich and famous only, by actually competing to see which university can charge the most for their prestigeous degrees. And, we are doing nothing to encourage students to acquire math and engineering degrees.

    America has instead created the world's most gainfully employed working force for those in the Medical, Health Insurance, Pharmacuedical fields that are only costing the consumers of those products and services to become almost unaffordable for most Americans.

    We actually have a glut with people with medical careers. We also have a glut on legal, law, and police careers. We have a glut with political science careers. We have a glut with financial, mortgage, banking, and Wall Street and Real Estate careers.

    Where we fall short is math and engineering degrees, and that is why we are losing our lead on Technology- and that is why we are losing the economic wars in the world.

    And let me tell you, a trade war will never resolve our trade problems in the world. That is just going to isolate us even more in the world and make everything we need to cost more.

    No Sir! The only way to fix our shortcomings in the world is go back to being the innovative technology leaders in the world.

    We have to compete by using good old American innovative technology and Yankee ingenuity like we once had- not competing with low wages in China.
    Last edited by Adolf_Twitler; 01-22-2019 at 01:07 PM.

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    Quote Originally Posted by Adolf_Twitler View Post
    Hey! Thanks for asking a very good question!
    .
    No Sir! The only way to fix our shortcomings in the world is go back to being the innovative technology leaders in the world.

    We have to compete with good old American innovative technology and Yankee ingenuity like we once had- not competing with low wages in China.
    A lot of word salad and no specific solution, ... just generalized tired memes.
    "I mean, you got the first mainstream African-American who is articulate and bright and clean and a nice-looking guy. I mean, that's a storybook, man."
    — Joe Biden on Obama.

    Socialism is just the modern word for monarchy.

    D.C. has become a Guild System with an hierarchy and line of accession much like the Royal Court or priestly classes.

    Private citizens are perfectly able of doing a better job without "apprenticing".

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    Quote Originally Posted by Bigdog View Post
    A lot of word salad and no specific solution, ... just generalized tired memes.
    Intelligence only works for those who are intelligent enough to understand and grasp it!

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    Quote Originally Posted by Adolf_Twitler View Post
    Intelligence only works for those who are intelligent enough to understand and grasp it!
    Yes, China is anti environment and anti human rights. Tariffs, less regulatory paperwork and lower taxes are the best way to deal with the problem. Not your pie in the sky intangible fantasies.
    "I mean, you got the first mainstream African-American who is articulate and bright and clean and a nice-looking guy. I mean, that's a storybook, man."
    — Joe Biden on Obama.

    Socialism is just the modern word for monarchy.

    D.C. has become a Guild System with an hierarchy and line of accession much like the Royal Court or priestly classes.

    Private citizens are perfectly able of doing a better job without "apprenticing".

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    China is gaining in technology the fastest, and is now leading in many areas of technology in the world. Let's just take robotic technology for one example. China is now leading the rest of the world in robotics- which actually replaces labor- once it's up and working.
    they steal it.

  9. The Following 2 Users Say Thank You to dukkha For This Post:

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    And let me tell you, a trade war will never resolve our trade problems in the world. That is just going to isolate us even more in the world and make everything we need to cost more.
    bullshit. noone can be "isolated".
    what the trade talks need to do is level the playing field by eliminating Chinese trtad barriers to out exports
    ( forced joint venture/tariffs/ no real local court system)

    The current talks are wipespread over many issues -including IPR theft
    No Sir! The only way to fix our shortcomings in the world is go back to being the innovative technology leaders in the world.
    we still are -although China is also stealing our R&D as well, not just finished technology

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    Quote Originally Posted by archives View Post
    You post this as if it is some kind of victory for Trump, as if it is going to have the effect of pushing China to the negotiating table, it isn't, the one reality you keep overlooking is that China is an autocracy, they aren't worry about its effects on the Chinesse people, nor are the people going to rise in and demand action, the leaders can pretty much do what they want including waiting two years till Trump fades
    Isn't that the system you want implemented here?

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    Quote Originally Posted by Bigdog View Post
    Yes, China is anti environment and anti human rights. Tariffs, less regulatory paperwork and lower taxes are the best way to deal with the problem. Not your pie in the sky intangible fantasies.
    I could care less about the cost of tea in China!

    I worry about the cost of things here in America.

    If you truly want to be competitive in the world, you create an offense that can't be stopped, and you have to maintain the lead.

    Try to lead, and not have to rely on playing catch up, or your defense, or penalties to win for you!

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    Quote Originally Posted by reagansghost View Post
    ---------------

    The US trade deficit hit $55.5 billion in October, the highest since October 2008.

    The increase in the deficit is the result of continued growth in imports, while exports actually fell.

    The trade deficit with China also hit a record level.

    One of President Donald Trump's goals for the trade war was to reduce the trade deficit, but the president's own policies are likely in part prompting the widening gap.
    Do you what what "big picture" means?

    I am Enlightened, you are not. You are small picture.

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    Quote Originally Posted by Enlightened One View Post
    Do you what what "big picture" means?

    I am Enlightened, you are not. You are small picture.
    China GDP shrunk lst year -ours expanded to 3.+%

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    Quote Originally Posted by noise View Post
    Xi is "President for life" until he's not. Xi is president contingent on his trade policies bringing in cash to support SOEnterprises,and using the money to pay for "1 belt 1 road ' infrastructure.

    China has it's own oligarchs however- not just SOEs- and they ain't happy.

    There is political pressure on Xi to perform,and also I'm betting he will sign a trade agreement-
    and they have made purchases as well as dropping the requirement for joint venture IP theft
    When was the last time a Chinese leader was removed from office because of "political pressure" from oligarchs?

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    Quote Originally Posted by archives View Post
    When was the last time a Chinese leader was removed from office because of "political pressure" from oligarchs?
    when was the last Chinese "president for life?"
    He's already walked back "made in China 2025" ( but they do it anyways) and are using a lot of central bank stimulus for a soft landing.

    I would never predict what their Politburo will do - but it's at least becoming possible

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