China Economy Megathread

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TheBuilder: Jul 11, 2001

Typo posted:

Yes, sort of.

First of all, we should clarify what is the cause and what is the effect.

The base of knowledge doesn't exist in China for innovation on par with the west anyway, this is partially because China have something like 5-10 world class universities, and then the quality of higher education drops off a cliff after that. Which means human capital is poor in China except for the very top tier, and many of them choose to go abroad anyway. This is why China has to resort to copying western innovations in the first place.

But China deals with the need to copy foreign innovation and still foster domestic improvements by

1) The tried and true method of pooling resources into (attempting at least) creating national champions: world class technology giants where there is a real attempt at having good corporate governance and be competitive on the world stage (best examples are Huawei and ZTE).

2) The tried and true method of protectionism. By design or coincidence, banning Facebook, Twitter, and Google means your population has to use domestic products like RenRen, Weibao and Baidu instead. So that leaves institutions which are at least theoretically capable of innovating on the same field as the west.
Yes, definitely

In what manner are Chinese social media, search, or software companies even theoretically innovative?

# ¿ Mar 21, 2014 17:13

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# ¿ Apr 28, 2024 14:27

TheBuilder: Jul 11, 2001

This train project is just a front operation to get access to the rainforest for venomous frog dicks and other items usable in TCM.

# ¿ May 20, 2015 23:51

TheBuilder: Jul 11, 2001

This is an internal matter - please don't get involved.

# ¿ Jul 7, 2015 22:23

TheBuilder: Jul 11, 2001

It was my first thought.

# ¿ Jul 8, 2015 17:25

TheBuilder: Jul 11, 2001

Willie Tomg posted:

What the loving poo poo is happening in St. Louis and Seattle that the east coast of China hates so goddamned much?

http://map.norsecorp.com/

That's all financial markets, though. What China's doing is "merely" a particularly quintessentially silly example of it.

Boeing?

# ¿ Jul 8, 2015 20:44

TheBuilder: Jul 11, 2001

How about a mandate from the manufacturer to the USA dealers so they don't under cut their dealers in China?

# ¿ Jul 28, 2015 17:09

TheBuilder: Jul 11, 2001

Fake stock markets, fake luxury bags, fake baiju, fake rice, fake hymens. Is there anything else left that can be hosed up?

# ¿ Aug 4, 2015 22:57

TheBuilder: Jul 11, 2001

I hope nobody got hurt, but that explosion loving ruled.

Someone probably died horribly though.

# ¿ Aug 12, 2015 20:21

TheBuilder: Jul 11, 2001

Sheng-ji Yang posted:

https://www.google.com/maps/place/39%C2%B002'05.7%22N+117%C2%B044'34.2%22E/@39.0325209,117.737201,549m/data=!3m1!1e3!4m2!3m1!1s0x0:0x0

look at all those apartment buildings right across the highway

Like they actually had any occupants...

# ¿ Aug 12, 2015 21:59

TheBuilder: Jul 11, 2001

The problem is that each office complex has a KTV on the top floor.

# ¿ Aug 13, 2015 03:32

TheBuilder: Jul 11, 2001

It looks like a goddamned fuel air bomb went off in that container stack. RIP FuMing Sobotka.

# ¿ Aug 13, 2015 05:39

TheBuilder: Jul 11, 2001

hypnorotic posted:

They've destroyed their stock market with these regulations. Why would anybody buy in the future if they can't sell when they need their money? Doesn't the CPC realize how bad this looks? This is some amateur level poo poo, like something I would expect from Venezuela or Zimbabwe.

Where else can Joe Zhang put his money? Over inflated property? Loan sharking?

# ¿ Jan 7, 2016 15:30

TheBuilder: Jul 11, 2001

http://www.bloomberg.com/news/articles/2016-02-29/china-s-stocks-sink-to-one-month-low-after-g20-meeting-concludes

quote:

Investors had hoped the government would announce measures to bolster the economy over the weekend, according to JK Life Insurance Co., after People�s Bank of China Governor Zhou Xiaochuan said on Friday there is room for more easing. There are also increasing signs funds are shifting from equities to housing, according to Steve Wang, chief China economist at Reorient Financial Markets Ltd.

"Investors feel disappointed over the lack of good news from the G-20, while the yuan has started to weaken again," Wang said in Hong Kong. "There are signs of panic buying in China�s property market as prices in large cities continue to rise. A hazy economic outlook prompted some people to sell shares and buy homes, while many stocks remain overvalued."

Yes, buy more houses!

# ¿ Feb 29, 2016 16:12

TheBuilder: Jul 11, 2001

Fojar38 posted:

Open the blood gates

The PLA hacker brigade is going to gently caress moodys poo poo

# ¿ Mar 2, 2016 02:54

TheBuilder: Jul 11, 2001

Cultural Imperial posted:

Lol

https://twitter.com/n_gough/status/712161418712190977?s=09

This is the funniest China related image I've ever seen.

Did similar emails find their way to Lockheed when Chengdu Aerospace was working on the J-20?

# ¿ Mar 23, 2016 14:52

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# ¿ Apr 28, 2024 14:27

TheBuilder: Jul 11, 2001

The best thing about wechat is that whenever a blockbuster Hollywood film is released in China, I can watch the whole loving thing in my moments (news) feed because everyone has to share those 8 seconds of them watching the movie.

# ¿ Aug 17, 2016 01:55

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