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China’s Economy Slows Sharply

nytimes.com

201–210 of 260 posts

Re: China’s Economy Slows Sharply

#201

Earlier quoted context omitted.

You should be interested in reality rather than projections. Alibaba, Tencent, Baidu, Huawei, etc. are corporate entities separate from the Chinese government.

> Alibaba, Tencent, Baidu, Huawei, etc. are corporate entities separate from the Chinese government. Not quite.

You're clueless

Re: China’s Economy Slows Sharply

#202
post #97

Earlier quoted context omitted.

This is a common pattern amongst Chinese apologist Economy: Everyone says it's been failing for 10 years -> Chinese leadership is omnipotent regarding economy -> it's just a temporary slowdown, government will print more money -> Chinese leadership planned this slowdown Human rights: look at US! -> ignore comparisons to other countries other than US -> It's not really a concentration camp, since there's no mass murde…

> or slavery 300 years ago I am no apologist for any country, but wouldn't a better point be the very real, widespread, and constitutionally-protected prisoner slavery, which is happening in America today not just 300 years ago?

That’s bad sure, but does it really compare to sourcing 65% of transplant organs, circa 10,000 a year, from executed prisoners in a system with an opaque legal system, minimal civil rights and in which even the number of executions per year is a state secret?

Without trying to justify anything, no system is perfect but at least we can talk about it. In China even having this conversation might make you liable to a citizenship points penalty that could end up with you being denied basic rights like the ability to book even domestic flights.

Re: China’s Economy Slows Sharply

#203
post #84

I think of China as epicenter of a gargantuine deflationary hurricane. The cycle goes something like this: 1. Chinese economy slows down. 2. Chinese leadership realizes it's only one real recession away from existential threat. 3. Chinese government floods the market with fake money. 4. Chinese factories expand and export still more goods, despite weak demand. 5. World inventories pile up, depressing prices across th…

The US and the EU have been flooding the markets with money ever since the recession too, though, with low to negative interest rates and bond buys. The EU is in a worse state than the US with an interest rate of 0.0 and therefore no room to maneuver in case of a new downturn. For either three of those markets, the flooding can't continue indefinitely.

The problem seems to be they flooding the markets with money and giving money to consumers are two different things.

Re: China’s Economy Slows Sharply

#204

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…

That's odd because I've read/heard a lot of reporting that describes China in broadly the same terms you just did, including on NPR. The New York Times just did a series on the rise of China and how it defied all expectations in the west.

Can you point to examples of untruthful reporting on China from mainstream publications? Sounds to me that you came here with an expectation of how the US media reports on China and you've gone out of your way to have it confirmed, ignoring evidence to the contrary.

Re: China’s Economy Slows Sharply

#205
post #93

Earlier quoted context omitted.

It is essentially abusing the UBU to subsidize trade from China. There was an excellent NPR story about it: https://www.npr.org/templates/transcript/transcript.php?stor...

Thank you for that link, I am somewhat that it hasn’t become a political issue given the current environment. Do you know if anyone is trying to address this issue?

Trump has complained about it publicly and is working to withdraw us while the Democrats spin it as Trump trying to withdraw from a 200-year old treaty - we should fix it instead (but we also tried that once and failed in 2016).

I haven't followed it closely but it is a political issue, albeit a minor one that neither side for whatever reason wants to escalate into a major talking point.

(Not a Trump supporter but maybe on this one...)

Re: China’s Economy Slows Sharply

#206
post #199

Earlier quoted context omitted.

> China has a long history of civil unrest oh come on... China has a long history. (period) within that is periods of civil unrest and various degrees of prosperity and peace. Its a bit unfair to paint them as a chaotic state... they're far from that.

China has had 4 or 5 revolutions (depending on whether you want to count the Cultural Revolution; it was perhaps an anti-revolution where while revolutions normally attempt to overthrow the government, the cultural revolution attempted to maintain the government's power) in the last century. There are few countries in the world that can say they've gone through five revolutions within the last century. https://en.wik…

I don't think this is the best way of looking at things.

China is virtually a continent unto itself. It's a huge and fractous territory. It is little surprise that when the empire fell at the beginning of the 20th century after 4000 years, in the most tumultuous period of world history, that it went through a long phase of war and revolution. It was divided among the West's great powers, repeatedly invaded by a rising Japan, hit by successive ideological waves of nationalism and communism - and had to navigate being the third cog of the Cold War. I don't it's helpful to chalk up the instability of China during this period to some 'essential' characteristic of China; it is not naturally unstable or violent - any country that endured what it has would be unstable and violent.

Re: China’s Economy Slows Sharply

#207

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…

Maybe try finding examples for your conspiracy theories that aren’t old enough to have graduate high school.

Re: China’s Economy Slows Sharply

#209
post #190

Earlier quoted context omitted.

Democracy isnt required for prosperity, as China has shown. Prosperity doesn't give you freedom though.

We've yet to see whether world-leading levels of per capita prosperity are achievable without freedom. At a minimum, freedom offers a strong competitive edge.

> We've yet to see whether world-leading levels of per capita prosperity are achievable without freedom.

Look no further than The World Factbook by CIA:

2 QATAR

13 UNITED ARAB EMIRATES

15 KUWAIT

22 SAUDI ARABIA

https://www.cia.gov/library/publications/the-world-factbook/...

Re: China’s Economy Slows Sharply

#210
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...

1. the Trade balance is bullocks (how do Apple iphones appear in it?) The term dark matter was coined in 2006 by some Harvard economists https://www.dbs.com/aics/pdfController.page?pdfpath=/content...

2. I think the trade war is going pretty well for the US. They basically can't lose it this is why I don't understand that Xi did not compromise in the first place.

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