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Vladimir Putin posted:The British and Americans had their own jet engine development program that wasn't as advanced as the German one but wasn't that far behind. Britain did, yes. America built British engines like the Sapphire under licence; they didn't catch up until at least the 50s. Same with the Soviets since Rolls-Royce was dumb enough to sell them a few which the Soviets promptly reverse engineered. Edit: Also, uh, Stalin was 8 years in the grave when Gagarin went into space. feedmegin fucked around with this message at 17:40 on Jan 5, 2016 |
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Jan 5, 2016 17:36
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feedmegin posted:Same with the Soviets since Rolls-Royce was dumb enough to sell them a few which the Soviets promptly reverse engineered. To be fair, they needed the money.
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Jan 5, 2016 18:24
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feedmegin posted:
That's the power of dictatorship, they can get things DONE without western red-tape like "being alive".
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Jan 5, 2016 18:45
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Financial Times is reporting that the stock trading ban is to be extended:quote:China is to extend a ban on stock sales by large shareholders until permanent rules to restrict such sales take effect, as authorities seek to calm market fears over the lock-up that was due to expire on Friday.
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Jan 6, 2016 09:49
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quote:China is to extend a ban on stock sales by large shareholders until permanent rules to restrict such sales take effect China really doesn't get what a stock market is, do they?
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Jan 6, 2016 10:07
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They're giving it Chinese characteristics.
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Jan 6, 2016 10:12
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Chinese stocks, much like China itself, can only gloriously rise upwards, soaring towards the heavens. I wonder how long until people stop buying shares and they start being forced to.
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Jan 6, 2016 10:22
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Well, goodbye to any large foreign institutional investment in China. Hope all those Chinese savers can pick up the slack!
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Jan 6, 2016 10:23
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Pistol_Pete posted:Financial Times is reporting that the stock trading ban is to be extended:
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Jan 6, 2016 11:19
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Pistol_Pete posted:Well, goodbye to any large foreign institutional investment in China. Hope all those Chinese savers can pick up the slack! lol like that was ever going to happen.
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Jan 6, 2016 11:53
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Is China hosed? It seems like China is hosed.
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Jan 6, 2016 11:53
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I assume that some major players might drink the kool aid and continue the rosy picture. Who knows how long it might shuffle along for?
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Jan 6, 2016 12:23
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Theyve got two years of money to burn through but theyre not going to get the science or culture victory
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Jan 6, 2016 13:30
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How are u posted:Is China hosed? It seems like China is hosed. You think the second largest economy in the world is hosed because their tiny stock market has hit a rough patch? Bunch of Gordon Changs in here. I can't imagine what it must be like flying with you guys. Every bit of turbulence and "gently caress we're dead!". blueyedevil fucked around with this message at 22:08 on Jan 6, 2016 |
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Jan 6, 2016 22:05
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blueyedevil posted:You think the second largest economy in the world is hosed because their tiny stock market has hit a rough patch? China is too big to fail
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Jan 6, 2016 22:18
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How are u posted:Is China hosed? It seems like China is hosed. They're going to slow down to Brazil-like mediocrity and it won't be dramatic enough to force any kind of dramatic, face-losing critical re-analysis of the China's Going to Rule the World narrative, the pundits will just quietly shuffle off to the next Oriental Superpower to start hyping up and pretend these last 20 years never happened
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Jan 6, 2016 22:25
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Fojar38 posted:China is too big to fail Were you all the same people predicting the collapse of the US economy in '07? Thinking the Chinese economy will slow down to Brazil levels shows a bit of ignorance, no? China's economy will slow down, then restart (albeit at not nearly the incredibly pace of the Jiang/Hu years. Further down the road, it will experience a down turn and then the economy will restart again. Why does it seem like so many people who have studied China, its economy, and its culture have this fantastical hatred towards it?
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Jan 6, 2016 22:41
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Predicting economic trouble for china or pointing out problems isn't "hating". Are hurt feelings afoot in this thread?
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Jan 6, 2016 22:49
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Baronjutter posted:Predicting economic trouble for china or pointing out problems isn't "hating". Are hurt feelings afoot in this thread? Oh c'mon. I'm an eternal optimist and even I agree that China is in for some rough turbulence, economically, socially, and politically. And no, it's not the rosiest of pictures right now. But the constant, repetitive, and uncreative circle jerk that "China is hosed", the country is doomed, the economy will fail etc etc is hyperbole. Maybe the hyperbole and fantasy is sarcastic and simply going over my head? Help me out here.
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Jan 6, 2016 22:51
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blueyedevil posted:Were you all the same people predicting the collapse of the US economy in '07? Because China is at the center of the 'West in decline' and more importantly the 'Liberalism in decline' narratives, about how the future belongs inevitably to illiberal strongmen with 5000 years of essentialized, clash-of-civilizations style culture behind them. I don't agree with that, and I think the narrative itself is very dangerous because it lends credibility to illiberal regimes. It's a self-fulfilling prophecy in a way. I think if/when China goes to Brazil-like mediocrity it will be very awkward to look around the room of pundits and commentators and see just how many of them were nearly jizzing their pants in excitement over the death of liberal democracy
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Jan 6, 2016 22:53
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icantfindaname posted:They're going to slow down to Brazil-like mediocrity and it won't be dramatic enough to force any kind of dramatic, face-losing critical re-analysis of the China's Going to Rule the World narrative, the pundits will just quietly shuffle off to the next Oriental Superpower to start hyping up and pretend these last 20 years never happened Finally, Sri Lanka's time to shine! Alternatively, Thailand after the crown prince takes power and conquers the rest of Indochina for making fun of his poodle's birthday celebration.
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Jan 7, 2016 00:10
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GreyjoyBastard posted:Finally, Sri Lanka's time to shine! Welcome to Thailand It has been [ 12 ] days since our last coup
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Jan 7, 2016 00:19
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https://www.google.com/finance?cid=7521596&safe=on&safe=on Shanghai Composite is absolutely making GBS threads itself, I think we will see another shut down today.
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Jan 7, 2016 02:45
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First they came for the A shares, and I did not speak out- Because no why
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Jan 7, 2016 02:49
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Did i just watch that go from -5% to -7% in like 180 seconds?
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Jan 7, 2016 03:02
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SpaceCadetBob posted:Did i just watch that go from -5% to -7% in like 180 seconds? Yep
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Jan 7, 2016 03:09
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Trading is halted for the day right?
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Jan 7, 2016 03:33
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Cultural Imperial posted:Trading is halted for the day right? Yup.
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Jan 7, 2016 03:37
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lol trading only lasted 14 minutes
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Jan 7, 2016 04:09
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Cultural Imperial posted:lol trading only lasted 14 minutes https://www.youtube.com/watch?v=qsMc-IswG3w
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Jan 7, 2016 04:18
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Cultural Imperial posted:lol trading only lasted 14 minutes Is that a record?
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Jan 7, 2016 04:19
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14 minutes just wasn't enough time for the government to respond I guess.
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Jan 7, 2016 06:08
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I would assume that they have a party task force monitoring the stock market opening now.
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Jan 7, 2016 06:11
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PRC is currently tracing and issuing arrest warrants for people who have sold their shares 
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Jan 7, 2016 06:15
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Freezer posted:14 minutes just wasn't enough time for the government to respond I guess. We must secure the existence of our market and a future for A shares.
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Jan 7, 2016 06:27
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Bobby Digital posted:We must secure the existence of our market and a future for A shares. 
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Jan 7, 2016 06:28
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jm20 posted:PRC is currently tracing and issuing arrest warrants for people who have sold their shares Who would even want to buy into a market like this? They're much better off buying Vancouver real estate. Gotta get in on that prime Surrey real estate before they run out of land.
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Jan 7, 2016 06:51
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Lol this is very good for the US despite how the fat cats see it.
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Jan 7, 2016 07:05
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ocrumsprug posted:China really doesn't get what a stock market is, do they?
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Jan 7, 2016 08:09
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They have extended the banning of selling of more than 1% of shares by another 3 months, so it doesn't end tomorrow as expected.
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Jan 7, 2016 08:18
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