State run companies and crony-capitalists gaming the omni-present Chinese central government and central-planning policy to get subsidies and benefits for insiders.
This is the entire nature of China’s economy.
As a side note, Its where the USA is heading also if we continue down the road of progressive, centralized central planning.
posted on 08/20/2019 8:18:12 AM PDT
What is this, a Chinese fire drill?!
posted on 08/20/2019 8:20:27 AM PDT
Keep up the pressure! No Intellectual protections, no deal!
posted on 08/20/2019 8:25:15 AM PDT
(Peter's Son's Business)
Ghost trains along with ghost cities. The modern chinese economy!
posted on 08/20/2019 8:37:50 AM PDT
Commies have to lie all the time to look good.
posted on 08/20/2019 8:39:02 AM PDT
(I'd rather have Unequal Wealth than Equal Poverty.)
They checked the bank account, and that was empty too!
Fortunately, the Chinese accounting board has ruled you can count debits as credits if you run out of money....
Sounds like the ole NAFTA Highway. Straight up through New Mexico to the Great Plains. We wasted a boatload of money on that one, but New Mexico got some new highways in the middle of no where and Denver got a beautiful new airport.
posted on 08/20/2019 10:20:15 AM PDT
(The user name is sarcastic. Although at times it may not appear that way.)
How do ya translate- POTEMKIN -to Chinese??
posted on 08/20/2019 10:22:08 AM PDT
(A memory toooo long.............)
posted on 08/21/2019 3:12:58 AM PDT
posted on 08/21/2019 3:21:24 AM PDT
(Americans are a people increasingly separated by our connectivity.)
The belt and road plan, masterminded by President Xi Jinping, is the central governments initiative to link economies into a China-centred trading network to grow global trade.
China is in a poor location to be a central hub of anything physical. They're up against the wall - one side of them is the massive Pacific ocean. With NOTHING in it. The Middle East/Constantinople is your best bet for centralized trade, physically. But, with all the obvious issues in that area, trade's going to get defaulted into Europe.
These US are on the Pacific as well, we have just had the freest and biggest economy in the world since WWII. So we don't have trouble overcoming the wall of the Pacific like China has.
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