BS. GDP in nominal terms is less informative than GDP in purchasing power parity terms.
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)
Posted on 11/20/2023 9:38:47 PM PST by Cronos
How many real innovations has China created?
They’ve stolen a lot of technology, estimated to be about $1 trillion/yr. However, how many actual new things to the world did China actually contribute from non-existence to existence?
They’ve stolen technology and they’ve made improvement to things they’ve stolen, but how many things, relatively speaking, can they say that they did that nobody else did?
That’s what I meant when I said it’s shallow ground.
True. Except, of course, a war. That always fixes an economy....
For the past 20+ years I have been told that China will be the largest economy in the world in 2015, 2017, 2022, 2027, 2035... Every time they moved the goal posts I pointed it out to the ‘economists’ who made the predictions.
Don’t get me wrong; I’m sure Xi wants a strong economy. It would fuel the growth of their government and military sector faster. However, I’m not so sure that a big economy is their primary goal. It’s just a tool. China is still industrializing and modernizing. Hitler would not have been able to take over half of Europe if Germany had some agrarian economy. He did it despite terrible economic conditions but they had the industrial base and technical/scientific know-how. If China’s economy contracts, then that’s just an opportunity to make more of it’s manufacturing and technology capacity public and continue to make military growth and advances.
BS. GDP in nominal terms is less informative than GDP in purchasing power parity terms.
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)
I believe all of the growth nuimbers out of China are fake, wrong, contrived.
The economy of China is literally falling apart. Foreigners have left and the city that supported them is vacant, businesses closed. The realestate debacle left uncountable debt of all sorts which trickled down to leaving the banks holding the bag. They ran out of money and depositers can not withdraw their funds. Tens of thousands of mortgages on properties unfinished or even un started are in default because the mortgagees sensing their property was worthless, quit making payments.
Local and regional governmental revenue dried up. Government workers are not being paid, for up to a year or better. Local government debt is not being paid to the4 banks. Unemployment in the private sector is uncountable.
The great China effort to go abroad and build infrastructure has ceased. The countries have ceased making payments. Some of the work is tofu drang quality
The debt in China is so great and everywhere prevalent it can’t be measured. Even if measured, debt in the $ trillions can’t be mentally grasped and understood.
The government via the CCP is issuing bonds to get the cash needed to fund destitute local and regional governments.
Two globalist BS artists conversing. How interesting...not
If you crawl out from under your rock, you could see there is more to the world than you can ever envision
Xi does not want a strong economy. Xi wants a new totally communist economy.
The existing economy with some capitalist elements must be destroyed first. That transition is in process
Drivelous Bull Shit
I'm always surprised at the number of FReepers who think Asians still pull each other around in rickshaws for a handful of rice every day.
The USA has somehow been resilient enough to survive three years of the people who own and operate Biden. We won't survive eight.
That’s why I said, a downturn in the current economy is an opportunity to make more of their capacity public. The ‘capitalist elements’ are there because to encourage growth, the carrot tends to be more effective than the stick. But once infrastructure is fully in place, I believe you are right, and I’m sure Xi would rather just command the car factory be turned into a missile factory rather than to pressure it.
My thought is that Xi isn’t looking to turn a car factory into a missile factory. He intends on a new type of collective communist society.
Rather than agricultural communes, the new China Socialism (communism) will be based on an economy of industrial and business enterprises that are the new CCP owned communes. China will still manufacture and sell to the world but the corporations and industries will be pure communist. Existing stock corporations will be CCP entities
And by the wqay, just as the easy noney realestate development got out of disasterous hand, so has the auto manufacturing businesses. Lots and lots of them are bankrupt and closed down in recent months
There will be no corporations or family owned businesses. The CCP will provide all. His zealots have gone so far as to close down street vendors and push carts. No entrepreneur’s are allowed
Chinese labor is not that cheap anymore. If you think it’s so great, put your money where your mouth is, and eat food imported from China. It’s all over.
But I notice you totally ignore the many issues China faces.
One of the most intellectually depressing parts of FR:
Immature morons who can’t distinguish between an objective analysis of the capabilities of a hostile and enemy county, and support for that country.
Every military disaster in history starts with overconfidence, and under-estimating the enemy.
But low intelligence goobers interpret everything like cheering for their favorite sports team - the opposing team is in every way bad, incompetent, incapable (even when it is objectively not true)
Well, at least you admit it. I will post the full analysis when I have time to type.
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