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shrike82
Jun 11, 2005

I don't see any reason why China won't follow Japan or South Korea when it comes to developing IP in the future.

They're still on the copycat phase of economic development curve. Once they develop IP worth selling, you'll see a sudden respect for legal protections and framework.

Arguing that they lack some intrinsic ability to generate IP smacks of post-war criticisms of Japan being no good for anything more than producing cheap imitation goods.

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shrike82
Jun 11, 2005

How exactly is china analogous to russia beyond "they have a lot of problems with corruption"?

shrike82
Jun 11, 2005

Greece would fit your mix-and-match metrics more so than China.

shrike82
Jun 11, 2005

Private Speech posted:

She also claimed that the average family makes £34k per year and has ten times that in assets.

LMAO.

shrike82
Jun 11, 2005

The washington census would be interesting to read about

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shrike82
Jun 11, 2005

Mar 27 2014

Ardennes posted:

The ultimate question is going to be how much the Chinese government is willing (or is able) to tap those currency reserves, and ultimately the costs of propping up the banking industry.

Remember those foreign currency reserves also exist to back up the Renminbi, and if they are raiding that piggy bank it may have a long term effect on their currency. Remember, the Renminbi is not a major reserve currency, especially in comparison to the Chinese economy. Right now, their currency reserves are around 40-60% of GDP, a considerable amount but not necessarily unassailable under the right pressures.

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