China’s Economy Slows Sharply • Hacker News Board

Re: China’s Economy Slows Sharply

#151

Post by resters » Sat, Dec 15, 2018, 5:05 AM UTC

HillaryBriss wrote: post #136

resters wrote: post #133

Much like the now disgraced/debunked Judith Miller article helped garner massive support for Bush's Iraq war, this article is meant to support Trump's anti-China rhetoric and trade war. We're supposed to conclude that Trump's tariffs have dealt a serious blow to China's economy, and thus to suppress our disgust with the policy, since it will not take much more time for China to beg for respite. It should be obvious b…

> our disgust with the policy a prediction: the next US president (almost certainly a Democrat) will continue these policies or other very similar policies. the next president will not suddenly "lighten up" on China.

I agree.

Re: China’s Economy Slows Sharply

#152

Post by swagasaurus-rex » Sat, Dec 15, 2018, 5:14 AM UTC

douglaswlance wrote: post #17

diminish wrote: post #13

> Official data shows it grew 6.5 percent in the three months that ended in September, compared with a year earlier. Either Trumpism works, or the article is just weak.

Punishing unfair trade practices works. It's always worked.

For whom? The bigger player? The one with a trade deficit with the other? The one with less domestic supply of traded goods?

Re: China’s Economy Slows Sharply

#153

Post by nihonde » Sat, Dec 15, 2018, 5:42 AM UTC

rrggrr wrote: post #5

I continue to believe - as I've said in prior HN comments - that the Chinese leadership welcomes this slowdown and the related trade dispute as a means to rebalance the domestic economy, while placing the blame for the rebalancing on the United States. I note that at least one distinguished China watcher agrees: https://carnegieendowment.org/2018/07/27/china-s-best-option...

Meanwhile US exports to China are eating dirt. This trade war is not going well for America, although this slow growth headline will be used to bolster a false narrative:

https://mobile.twitter.com/carlquintanilla/status/1073234887...

Re: China’s Economy Slows Sharply

#154

Post by [deleted] » Sat, Dec 15, 2018, 5:43 AM UTC

[deleted]

Re: China’s Economy Slows Sharply

#155

Post by cc439 » Sat, Dec 15, 2018, 5:46 AM UTC

seanmcdirmid wrote: post #96

reaperducer wrote: post #89

Earlier quoted context omitted.

I don’t think so Think again. GoPro moving some production out of China to avoid US tariffs: https://www.cnn.com/2018/12/10/tech/gopro-china-tariffs/inde...

So what? Does one data point make the case for a sustained long term trend?

I can tell you that Caterpillar has planned to move almost all production out of China with the majority coming back to the US. They're even spinning up casting plants that have been shuttered for over a decade because of this.

Re: China’s Economy Slows Sharply

#156

Post by keepsimple » Sat, Dec 15, 2018, 5:47 AM UTC

As a Chinese grew up in China and have been living in US in recent years, I am already used to how US media reports about China. The bottom line: I have not seen _any_ US media reporting China truthfully. NPR is usually the worst, but others not much better.

What happens is that, because of untruthful reporting in US media, people in US does not know or understand what's going on in China. It seems a miracle that such a big country grew like crazy in 30 years without democracy. But if you how much average Chinese invest in their education and how hard they work, you will not be surprised.

The only real problem China is facing is its political system, not its economy. Compared to improving the political system, the economy is much, much easier.

Re: China’s Economy Slows Sharply

#157

Post by ngcc_hk » Sat, Dec 15, 2018, 5:53 AM UTC

Do not fall into the trip to analysis china using a communist Marx model based on economy and/or state level. It is always the People you worry about even though there is no democracy.

Unlike Soviet Union, the chinese has moved out as people to the west for many years now. Huawei even nearly has a chance to use their code to get a strong hold of 5g. Can you even imagine Russia live in USA and with firm there or Hollywood need to get the agreement of china to ...

The game is not just about a trade. The politics of playing of game of game from shaping the agenda, control the verb (discourse academic speak) and the hard to fight the culture (unlike Muslim you can have a perfect English speaking chinese working in most guarded place and then part of the 1000 person thing).

I think the game at large is what is the “interesting” part and the west is losing to the horror of us who think human rights, Liberty, freedom to speak (or access information) is fundamental rights.

But the west accept chinese can be on their own and even worry about their economy.

You lost. If you play a game like this.

Re: China’s Economy Slows Sharply

#158

Post by [deleted] » Sat, Dec 15, 2018, 5:59 AM UTC

onlyrealcuzzo wrote: post #11

volkl48 wrote: post #6

Earlier quoted context omitted.

The article points to less easily faked data to indicate the slowdown, not the official statistics that are widely known to have a tenuous relationship with reality.

Look -- I'm as skeptical of the Chinese miracle as anyone. But serious question: if the data was really as fake as everyone says, wouldn't the official and unofficial exchange rate of the Yuan be a lot larger? If the Chinese are basically pretending the economy has grown 500% and it's only grown 100%, wouldn't the value of the Yuan prove it?

[deleted]

Re: China’s Economy Slows Sharply

#159

Post by _martamoreno_ » Sat, Dec 15, 2018, 6:00 AM UTC

keepsimple wrote: post #156

As a Chinese grew up in China and have been living in US in recent years, I am already used to how US media reports about China. The bottom line: I have not seen _any_ US media reporting China truthfully. NPR is usually the worst, but others not much better. What happens is that, because of untruthful reporting in US media, people in US does not know or understand what's going on in China. It seems a miracle that suc…

Yeah right, and of course the political system has absolutely nothing to do with China's growth. And it's great if people work all day 16 hours every day of the week, are put to work and discipline since they were a child to absolutely remove any sense of creativity and freedom from their minds. Go China, Go!

In truth it's actually the opposite. Chinese people living here in Canada have absolutely no clue whats wrong about their country, which is kindof expected if you grow up in such a system. Even though East-Germans seem to have done a better job of recognizing their stupid system. The difference might be that China prospers and east Germany did not.

Re: China’s Economy Slows Sharply

#160

Post by ximeng » Sat, Dec 15, 2018, 6:00 AM UTC

keepsimple wrote: post #156

As a Chinese grew up in China and have been living in US in recent years, I am already used to how US media reports about China. The bottom line: I have not seen _any_ US media reporting China truthfully. NPR is usually the worst, but others not much better. What happens is that, because of untruthful reporting in US media, people in US does not know or understand what's going on in China. It seems a miracle that suc…

Rather than generalising about all non-Chinese reporting about China you could comment specifically about what you think is misleading or untruthful about this specific article, that might be more enlightening.