Has China squandered its golden opportunity to overtake the US?

Hawkeye10 said:
America is in collapse...China is not.
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Our resident Chicken Little continues his scaremongering. When your party has nothing to offer but silly conspiracy theories, you turn to Scare Tactics.

Sad.

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Joe Capitalist said:
Our resident Chicken Little continues his scaremongering. When your party has nothing to offer but silly conspiracy theories, you turn to Scare Tactics.
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like how democracy is at stake?

do you retards ever think about what you are saying before inserting foot in mouth?
 
China has an enormous customer base that is growing in wealth. It is hard not to grow their economy since US corporations moved there, lock, stock and intellectual property. We developed manufacturing methods, often by trial and error. China did not go through growing pains. Their problem has been the misuse of the new wealth. They built millions of homes, and in some places built new cities for the expansion they were sure would come. The bills are coming due, yet the places are empty. That is a threat to the banking system.
 
Nordberg said:
China has an enormous customer base that is growing in wealth. It is hard not to grow their economy since US corporations moved there, lock, stock and intellectual property. We developed manufacturing methods, often by trial and error. China did not go through growing pains. Their problem has been the misuse of the new wealth. They built millions of homes, and in some places built new cities for the expansion they were sure would come. The bills are coming due, yet the places are empty. That is a threat to the banking system.
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The so-called excess housing is for the the guest workers who will flow to China as the New Chinese Empire becomes the center of power around the globe. They have no need for more so the CCP has moved to remove investment from new residential building, shifting it to upgrading manufacturing.

BTW I heard on my grapevine the other day that the manufacturing that is fleeing dying Europe, which the Americans expected to come to America....is actually going to China. If this is true it is huge.
 
Hawkeye10 said:
The so-called excess housing is for the the guest workers who will flow to China as the New Chinese Empire becomes the center of power around the globe. They have no need for more so the CCP has moved to remove investment from new residential building, shifting it to upgrading manufacturing.

BTW I heard on my grapevine the other day that the manufacturing that is fleeing dying Europe, which the Americans expected to come to America....is actually going to China. If this is true it is huge.
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trump will tariff china down to nothingness.

thanks for playing.
 
Nordberg said:
China has an enormous customer base that is growing in wealth. It is hard not to grow their economy since US corporations moved there, lock, stock and intellectual property. We developed manufacturing methods, often by trial and error. China did not go through growing pains. Their problem has been the misuse of the new wealth. They built millions of homes, and in some places built new cities for the expansion they were sure would come. The bills are coming due, yet the places are empty. That is a threat to the banking system.
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trump will tariff the CCP into nothingness.
 
The hope was always that to get economic growth, China would have to open up to the world, and give political freedoms. For a while there it did not seem to be working, but right now it does seem to be working. Apparently Xi is scared that he is losing control, and wants to clamp down on freedom.

The question that follows is for the USA, would trump's clamping down on freedoms also hurt economic growth?
 
serendipity said:
Why is China's economy slowing down and could it get worse?

Economists blame weak domestic demand for subdued investment appetite in the private sector and for China sliding into deflation in July. If it persists, deflation could exacerbate the economic slowdown and deepen debt proble

https://www.reuters.com/markets/asia/why-is-chinas-economy-slowing-down-could-it-get-worse-2023-09-01/#:~:text=Economists blame weak domestic demand,slowdown and deepen debt problems.
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It is slowing down for the same reason ours is. The government spends too much money to try to stimulate the economy (government spending does not stimulate anything). Where the United States is trying to print it's way of it 's problems, China is trying to build (spend) it's way out of it's problems, such as cities for no one to live in, cars that no wants to drive, grandiose public projects that have marginal value, etc.

China's basic economic system is socialism, for the government owns the steel and concrete industries (communism), and dictates to most other industries what they are allowed to sell and how they must operate (fascism). Slavery also exists in China.

The government acted to suddenly cancel any form of retirement program, so people are saving money like crazy. Money velocity is almost non-existent in China.

While inflation has been a big problem here in the United States, money velocity is still much higher than that found in China (though it's still reduced). People here just don't have enough to pay for the higher prices found everywhere. The U.S. is still under the economic depression that the Democrats started in 2019 and 2020.
 
Walt said:
The hope was always that to get economic growth, China would have to open up to the world, and give political freedoms.
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Won't work. The cause is the government spending too much money, and the sudden loss of retirement benefits imposed by the government.
Walt said:
For a while there it did not seem to be working, but right now it does seem to be working. Apparently Xi is scared that he is losing control, and wants to clamp down on freedom.
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Xi has run out of options. Money velocity as all but disappeared in China, and Xi's government can't spend their way out of it's financial problems.
Walt said:
The question that follows is for the USA, would trump's clamping down on freedoms also hurt economic growth?
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Trump is not Biden. You can't blame Biden's problems on Trump.
 
Into the Night said:
Won't work. The cause is the government spending too much money, and the sudden loss of retirement benefits imposed by the government.

Xi has run out of options. Money velocity as all but disappeared in China, and Xi's government can't spend their way out of it's financial problems.

Trump is not Biden. You can't blame Biden's problems on Trump.
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The Han have us by the balls....and they know it.
 
Blackwater Lunchbreak said:
biden is their ace in the whole.

the green agenda guarantees chinese ascendancy.

that's why environmentalism is a globalist chicom conspiracy.
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No. It's too late for China to recover. It's future is inevitable now...a return to revolution after revolution.
Xi sealed his fate when he locked his own citizens in their homes by welding their doors shut, and by suddenly canceling all retirement benefits.
 
Nordberg said:
China has an enormous customer base that is growing in wealth. It is hard not to grow their economy since US corporations moved there, lock, stock and intellectual property. We developed manufacturing methods, often by trial and error. China did not go through growing pains. Their problem has been the misuse of the new wealth. They built millions of homes, and in some places built new cities for the expansion they were sure would come. The bills are coming due, yet the places are empty. That is a threat to the banking system.
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Their economy isn't growing. It's dying.
 
https://twitter.com/x/status/1791862337311535572

Excellent read that does a great job capturing how short-sighted Biden's tariffs are: not only will they fail to revitalise the US clean tech industry, but they will position the US as responsible for slowing down - or at least playing a cynical game of politics with - the global green transition.I am quoted in the article, demonstrating how a similar attempt to revitalize the US solar industry with tariffs a few years ago failed miserably:"The US has been trying to nurture a domestic solar supply chain through a mix of tax incentives and tariffs for over a decade — but so far has failed abysmally. As the French entrepreneur and political commentator Arnaud Bertrand noted, while the tariffs did considerably reduce the number of Chinese solar panels coming to the US (with an 86% drop over the 2012-2020 period), the billions in subsidies, from first Obama and then Biden, did not revitalise the US solar industry. On the contrary, the American global market share of the solar industry has considerably decreased since the original tariffs were placed on Chinese solar panels — from 9% in 2010 to 2% today. Meanwhile, China’s share of the industry rose from 59% to 78%."
 
Hawkeye10 said:
https://twitter.com/x/status/1791862337311535572

Excellent read that does a great job capturing how short-sighted Biden's tariffs are: not only will they fail to revitalise the US clean tech industry, but they will position the US as responsible for slowing down - or at least playing a cynical game of politics with - the global green transition.I am quoted in the article, demonstrating how a similar attempt to revitalize the US solar industry with tariffs a few years ago failed miserably:"The US has been trying to nurture a domestic solar supply chain through a mix of tax incentives and tariffs for over a decade — but so far has failed abysmally. As the French entrepreneur and political commentator Arnaud Bertrand noted, while the tariffs did considerably reduce the number of Chinese solar panels coming to the US (with an 86% drop over the 2012-2020 period), the billions in subsidies, from first Obama and then Biden, did not revitalise the US solar industry. On the contrary, the American global market share of the solar industry has considerably decreased since the original tariffs were placed on Chinese solar panels — from 9% in 2010 to 2% today. Meanwhile, China’s share of the industry rose from 59% to 78%."
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the clean tech industry is bullshit anyway.

we need tariffs deeper and longer.

we will regrow all the capacities we have lost due to globalist stupidity aka Chinese mercantilism.
 
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