101–110 of 260 posts
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So what? Does one data point make the case for a sustained long term trend?
It's a single data point because I'm not going to do your research for you. It's something that happened recently and was mentioned on HN, that's why I provided the courtesy of posting that for you.
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> Chinese leadership realizes it's only one real recession away from existential threat. That's true for at least 30 years now.
According to Bloomberg, the last Chinese recession was 25 years ago: https://www.bloomberg.com/opinion/articles/2018-07-19/china-... When the inevitable happens, it's going to be catastrophic. The entire population of young adults in a country of over 1 billion has never experienced a recession.
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I've seen it in various economics articles/readings on the topic regarding the governments long term economic strategy. (see article below I found) You are also right - yes one of the biggest complains IS that many Chinese businesses are "owned" by the government with lots of influence there. However, the big resistive force here preventing this further breakup is that they are such huge employers, and it is not poli…
I love all these "You are also right" comments. One of the skills I hear about being prized in Chinese culture is the ability hold two conflicting ideas in your head at once, without feeling stressed about it. And that skill seems to help when trying to understand China itself!
Every economy has a plateau then a fall, then a pull back up again. I think the aggressive trade stance and hard line politics by China might have played a major role. As it’s frightened both the local businesses and foreign businesses and lead to all global powers starting to put tariffs and trade barriers up, all due to China wanting to get away with pretty blatant violations of fair trade, huge import taxes on for…
'Free' trade benefits industrialized nations, while mercantilism benefits developing nations. Every currently industrialized nation has, at some point in its past, been incredible protectionist, blatantly violated IP laws, had atrocious safety, employment, and pollution regulations, and large taxes on foreign imports.
China is just catching up to what the rest of the developed world has gone through.
Are you expecting them to look at the history of how the United States, and Europe developed, and go: "Well, gee, protectionism, lax safety regulations, and access to foreign resource markets worked really well for all these other countries... But we shouldn't repeat their success!"
These articles are coming thick and fast from three sources: The Washington Post, New York Times and Bloomberg. Nobody else (BBC, Australia, etc.) seems to be reporting the same, which leads me to believe there's a political element to this reporting, particularly amidst the current "trade war". (We don't see a rash of "US Economy Shows Sharply" every time something goes wrong for the US, although the trend is arguab…
Your post actually makes me question why it's on the top? Who's up voting it when a simple google search proves your statment wrong?
Every economy has a plateau then a fall, then a pull back up again. I think the aggressive trade stance and hard line politics by China might have played a major role. As it’s frightened both the local businesses and foreign businesses and lead to all global powers starting to put tariffs and trade barriers up, all due to China wanting to get away with pretty blatant violations of fair trade, huge import taxes on for…
> blatant violations of fair trade, huge import taxes on foreign goods, great firewall blocking any foreign purchase easily, hugely subsidised mail, forced ownership sharing, lowered safety regulations, lack of pollutant regulation 'Free' trade benefits industrialized nations, while mercantilism benefits developing nations. Every currently industrialized nation has, at some point in its past, been incredible protecti…
The US also had slavery.
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> blatant violations of fair trade, huge import taxes on foreign goods, great firewall blocking any foreign purchase easily, hugely subsidised mail, forced ownership sharing, lowered safety regulations, lack of pollutant regulation 'Free' trade benefits industrialized nations, while mercantilism benefits developing nations. Every currently industrialized nation has, at some point in its past, been incredible protecti…
Yeah they shouldn't follow that history. The US also had slavery.
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Great, so now that you're at the top, you want to pull the ladder up?
Are we talking the slavery ladder?
If you don't want the developing world to follow in the West's footsteps, perhaps we should share some of our wealth with them? Would that be a more palpable alternative?
Earlier today, a study was posted on HN about how the British Empire plundered ~$50T (inflation-adjusted) of wealth from India over it's colonial history. If you want to even the playing field with the developing world, we have a lot of reparations to look forward to.
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> blatant violations of fair trade, huge import taxes on foreign goods, great firewall blocking any foreign purchase easily, hugely subsidised mail, forced ownership sharing, lowered safety regulations, lack of pollutant regulation 'Free' trade benefits industrialized nations, while mercantilism benefits developing nations. Every currently industrialized nation has, at some point in its past, been incredible protecti…
Yeah they shouldn't follow that history. The US also had slavery.
Are you under the impression that China didn't?