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(Thread IKs: fart simpson)
 
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Gildiss
Aug 24, 2010

Grimey Drawer
Ah right and the doctors are still striking.
And they seem to have conflated the defeat of the conservatives in the election to support for their cause and refuse to back down at all. They are still demanding the increase of doctor slots of 0.

Thursday to mark start of resignations by senior doctors amid standoff with government

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crepeface
Nov 5, 2004

r*p*f*c*

Gildiss posted:


quote:

Meanwhile, Yoon’s wife only attended the non-public events scheduled for Iohannes’ official visit. It has been more than 130 days since Kim appeared at a public event, due to the ongoing controversy sparked by video footage of her accepting a bribe.


people were saying #whereisAiT but I'm saying #whereisKimGeonhee

Ghost Leviathan
Mar 2, 2017

Exploration is ill-advised.
Neoliberals genuinely believe in meme magic, that saying something is true enough times makes it so, having forgotten all the actual effort needed to prop up the illusions throughout the 20th century.

gradenko_2000
Oct 5, 2010

HELL SERPENT
Lipstick Apathy
love to read about domestic politics getting spicy

AmyL
Aug 8, 2013


Black Thursday was a disaster, plain and simple.
We lost too many good people, too many planes.
We can't let that kind of tragedy happen again.

DJJIB-DJDCT posted:

Is China the only country to figure out how to deal with the colour revolution playbook of baiting a heavy handed response?

How did China figure out how to deal with this? Any good book recommendations involving the Chinese dealing with colour revolutions?

gradenko_2000
Oct 5, 2010

HELL SERPENT
Lipstick Apathy

AmyL posted:

How did China figure out how to deal with this? Any good book recommendations involving the Chinese dealing with colour revolutions?

"Deng Xiaoping: A Revolutionary Life" has a whole chapter on how he formulated and mediated a response to Tiananmen. I guess maybe you might have meant Hong Kong but I don't have a good source for that one.

Mandoric
Mar 15, 2003

Spergin Morlock posted:

that whole blurb reminded me that Yahoo! used to be a giant tech company until the CEO turned down a massive buyout from Microsoft

Not sure about Korea Yahoo, is it like Japan Yahoo in that it's actually "random other company that bought the rights to be named Yahoo in like 1996, which is why they still exist"?

Glad you're well, AiT.

AmyL
Aug 8, 2013


Black Thursday was a disaster, plain and simple.
We lost too many good people, too many planes.
We can't let that kind of tragedy happen again.

gradenko_2000 posted:

"Deng Xiaoping: A Revolutionary Life" has a whole chapter on how he formulated and mediated a response to Tiananmen. I guess maybe you might have meant Hong Kong but I don't have a good source for that one.

I was actually thinking of the Cultural Revolution and Tiananmen Square. Thank you for that.

crepeface
Nov 5, 2004

r*p*f*c*

gradenko_2000 posted:

"Deng Xiaoping: A Revolutionary Life" has a whole chapter on how he formulated and mediated a response to Tiananmen. I guess maybe you might have meant Hong Kong but I don't have a good source for that one.

^ yeah, I think protests are different in the modern age of internet and media.

im not sure the HK protests could have ever been "successful." it was spurned on by an overblown objection to a security law.

lots of protesters left when stuff got violent. I think there was just a general vibe of "this level of conflict doesn't seem worth it, especially since we already got the law pulled."

it seems like the HK police let the protesters punch themselves out and the central Chinese government very conspicuously stayed out of it.

Boat Stuck
Apr 20, 2021

I tried to sneak through the canal, man! Can't make it, can't make it, the ship's stuck! Outta my way son! BOAT STUCK! BOAT STUCK!

Gildiss posted:

Ah right and the doctors are still striking.
And they seem to have conflated the defeat of the conservatives in the election to support for their cause and refuse to back down at all. They are still demanding the increase of doctor slots of 0.

Thursday to mark start of resignations by senior doctors amid standoff with government

I wouldn't mind South Korea pulling a Reagan on these selfish rear end in a top hat doctors.

Unless they go back to work within X days, they are banned for life from practicing medicine.

ModernMajorGeneral
Jun 25, 2010
China’s state is eating the private property market
:siren:Pity those soon to buy a home:siren:

https://www.economist.com/finance-and-economics/2024/04/11/chinas-state-is-eating-the-private-property-market

quote:

At an upmarket housing development in Wuhan, sales agents want to make clear that their state-owned firm has severed all its ties to the private sector. The firm had at first partnered with Sunac, a private developer, until it defaulted in 2022. A saleswoman explains that the firm’s owner also controls the city’s waterworks and electricity provider. If this type of firm collapses, she says with a grin, “then the whole country has no hope”.

More than three years into China’s property crisis, the biggest private builders are folding under the strain of enormous debts. New-home sales in 30 large cities fell by 47% in March, year on year. Revenues for the 100 biggest developers were down 46% in the same month. Housing investment dropped to 8.4trn yuan ($1.2trn), a quarter below its peak in 2021. Although millions of families are waiting for developers to finish building their flats, it would take 3.6 years to sell China’s glut of inventory, including homes still under construction, reckon analysts at anz, a bank.

All this presents an opportunity for state-owned firms. Only by securing access to funding can developers survive. Some private companies have found help via a government programme that approves housing projects for state funding, but it has been slow to deploy capital. State firms, on the other hand, have long enjoyed tight links with banks. This means they are buying more land, building more homes and selling more of them than their private counterparts. At a time when most private companies face some form of restructuring, a few state-owned firms are miraculously eking out profits. Moreover, their actions provide hints as to the plans of Xi Jinping, China’s leader, for the next decade of the country’s property industry.

As part of those plans, the state is set to become China’s biggest home-builder. The country’s leaders want to construct millions of “social housing” units for low-income households, which cannot be resold like normal commercial units. Such is the scale of the planned construction, social homes will come to dominate overall housing supply by 2030. As much as 4trn yuan will be spent on social housing and other state building this year and next, estimates s&p Global, a credit-rating agency. According to Capital Economics, a research firm, just as construction by developers began to plummet year on year in late 2021, building by other types of companies, mainly local-government firms, soared (see chart). As a result, 30-40% of new housing supply will be social homes by next year, up from just 10% currently.

Local governments may also become the largest buyers of the country’s housing stock. The city of Zhengzhou recently announced that it would purchase 10,000 homes to make them social units. Many will be rented out. Although there is no estimate of how big a landlord local governments will become, several other cities have announced similar plans.

A few powerful state-owned firms are on the rise. cr Land, owned by the central government, notched a 3% year-on-year increase in its core profits—an astonishing accomplishment when most of its peers have lost money or collapsed. coli, another centrally controlled giant, saw profits fall by a very respectable 3%. As the crisis has played out, home sales by the largest state firms fell by only 25% between mid-2021 and mid-2023, while those at the largest private ones tumbled 90%.

This reflects official preferences. On April 8th a state bank called for the liquidation of Shimao, a private developer that defaulted in 2022, over a $200m unpaid loan. Needless to say, this would hinder Shimao’s attempts to restructure its debts and continue building unfinished homes. By contrast, in March regulators asked banks and bondholders to help save Vanke, a developer with a powerful state-backed shareholder. Chinese policymakers are much happier to offer bail-outs to institutions over which they have influence.

With the state set to consume China’s property industry, what could go wrong? For a start, state firms face dangerous debts. Local-government firms sit on estimated collective debt of 75trn yuan, or about 60% of gdp. When such firms buy land from local governments they merely shift money from one pocket to another. These transactions have kept money flowing into local coffers, but are building up unsustainable burdens. Some local-government firms have started to issue bonds for the sole purpose of paying off other companies’ debts. Analysts fear that this level of spending cannot continue much longer, especially in poorer provinces.

Additional debts might appear to policymakers to be a price worth paying for control over China’s most important asset. The future of the housing market, the thinking goes, would include fewer boom-and-bust cycles if sober state firms were in charge. Cheaper accommodation should also help Mr Xi fight China’s widening wealth gap. Yet state dominance will also mean a less efficient market. China’s private homebuilders are masters of supply chains. Their ability to organise labour for construction is unparalleled. The state, in contrast, is a lousy builder. As state firms take on a bigger and bigger role, the quality of new homes is likely to fall.

The intervention will also shake the foundations of the market. Homebuyers will probably become reluctant to buy a home at commercial rates when the same unit may later be available at subsidised ones. Market-watchers suspect officials want to conserve funds to buy up homes on the cheap, taking advantage of the struggles of private firms. As a consequence, the rapid growth of social housing will probably cause an even deeper crisis among private companies. That may not be quite what Mr Xi has in mind.

can't believe Chinese home buyers have to suffer under the tyranny of 30-40% of new housing supply being social housing for low income households

Cerebral Bore
Apr 21, 2010


Fun Shoe
china's "having a powerful and functional government" ability is imba af, plz nerf

Ghost Leviathan
Mar 2, 2017

Exploration is ill-advised.

crepeface posted:

^ yeah, I think protests are different in the modern age of internet and media.

im not sure the HK protests could have ever been "successful." it was spurned on by an overblown objection to a security law.

lots of protesters left when stuff got violent. I think there was just a general vibe of "this level of conflict doesn't seem worth it, especially since we already got the law pulled."

it seems like the HK police let the protesters punch themselves out and the central Chinese government very conspicuously stayed out of it.

I do get the vibe the protestors were basically what shitlibs accuse leftist protestors of being, a mix of intelligence agency cutouts and idiot rich kids jumping on a bandwagon, and had no real material base.

It was lol how even western media suddenly abandoned them completely and left narratives drifting in the wind when they all came out for Trump.

stephenthinkpad
Jan 2, 2020

Korea posted:

Min held a rambling, profane two-hour press conference that was televised live: “There are too many fuckers in this business. Sorry I cursed, but I gotta relieve some stress. … These assholes send around all these KakaoTalk screencaps, trying to kill me. They are making me out to be some psycho. If you want to come at me, come at my face, don’t talk behind my back. I’m just an ignorant art school bitch. Look at me, wouldn’t you think, ‘Man, that’s some crazy bitch?’”


I was going to make a joke about Putin's SMO speech, but lol, maybe I want to watch her speech.

dead gay comedy forums
Oct 21, 2011


ModernMajorGeneral posted:

China’s state is eating the private property market
:siren:Pity those soon to buy a home:siren:

https://www.economist.com/finance-and-economics/2024/04/11/chinas-state-is-eating-the-private-property-market

can't believe Chinese home buyers have to suffer under the tyranny of 30-40% of new housing supply being social housing for low income households

the economist really has outdone itself with that one, extreme "but really mass apartment building blocks program does improve living quality?" coping energy

Ardennes
May 12, 2002
Yeah, the government debt thing also seems pretty pointless as well, it is backed up by the state, and honestly the Chinese government is simply investing in its own future including infrastructure (a big part of that debt will is also high speed rail). You build all this stuff now and then slowly pay it off for 30 years. It isn't like the massive amount of unstable unsecured debt or corporate debt in the US.

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

Ardennes posted:

Yeah, the government debt thing also seems pretty pointless as well, it is backed up by the state, and honestly the Chinese government is simply investing in its own future including infrastructure (a big part of that debt will is also high speed rail). You build all this stuff now and then slowly pay it off for 30 years. It isn't like the massive amount of unstable unsecured debt or corporate debt in the US.

but is that infrastructure actually profitable?

Ardennes
May 12, 2002

fart simpson posted:

but is that infrastructure actually profitable?

Honestly, the Chinese government is probably still going to get more out of it than they put in but just on a very long timeline. (I assume that they are still going to charge some type of rent in public housing, they do toll their highways, and they do charge train fares etc).

But yeah it isn't the get rich quick type of "profits" expected from the West.

It is almost impossible to get any sort of accurate or sober analysis of the Chinese/Russia economy (or the American economy for that matter), it is a complete smoke screen unless you tediously pick apart what is going on from data or bits and pieces of actual truth that comes out.

Orange Devil
Oct 1, 2010

Wullie's reign cannae smother the flames o' equality!

fart simpson posted:

but is that infrastructure actually profitable?

Lower cost of replacing labour power means lower cost of labour means better export position.

So yeah, it is.

Josef bugman
Nov 17, 2011

Pictured: Poster prepares to celebrate Holy Communion (probablY)

This avatar made possible by a gift from the Religionthread Posters Relief Fund
Does it need to be? Providing people with a free, high quality, housing is a very good thing. I do have to laugh at "but the state might not have as high quality as private builds" because corner cutting never happens in the private profit driven sector.

Kassad
Nov 12, 2005

It's about time.

Josef bugman posted:

Does it need to be? Providing people with a free, high quality, housing is a very good thing. I do have to laugh at "but the state might not have as high quality as private builds" because corner cutting never happens in the private profit driven sector.

That's if the real estate developer didn't collapse and "deliver" you an empty shell of an apartment, too

stephenthinkpad
Jan 2, 2020
Better transportation doesn't need to be profitable as long as the trains are full most of the time. It's basic utility, like water and education.

Palladium
May 8, 2012

Very Good
✔️✔️✔️✔️

Josef bugman posted:

because corner cutting never happens in the private profit driven sector.

logitech f710 sub, nevar forgat

Ghost Leviathan
Mar 2, 2017

Exploration is ill-advised.

Josef bugman posted:

Does it need to be? Providing people with a free, high quality, housing is a very good thing. I do have to laugh at "but the state might not have as high quality as private builds" because corner cutting never happens in the private profit driven sector.

Also it means a population that's got stable places to live that are built to have easy access to infrastructure, making them happier, healthier, more content and cooperative, and more likely to have kids than one which is unstable, unhealthy and isolated.

Josef bugman
Nov 17, 2011

Pictured: Poster prepares to celebrate Holy Communion (probablY)

This avatar made possible by a gift from the Religionthread Posters Relief Fund
Also does anyone have any recommendations for books about Zhou Enlai? I'd really enjoy finding out more about him and his relationship with Deng and Mao.

Ardennes
May 12, 2002

Ghost Leviathan posted:

Also it means a population that's got stable places to live that are built to have easy access to infrastructure, making them happier, healthier, more content and cooperative, and more likely to have kids than one which is unstable, unhealthy and isolated.

It is also the big shift that happened in the last couple years, part of the reason they have allowed a partial collapse of big real estate firms is that they were pushing a bubble in first-tier Chinese cities that was causing a distortions in the market that were tickling into second-tier cities. The Chinese government wanted a reset both of housing prices and construction from private to public housing.

The West spun this as China is on the verge of collapse etc etc.

But yeah, they are finding out that honestly, probably the Soviet Union kind of had it right along. Deng was right about getting market access and building up the capital needed but once that is done with really it only makes sense to head back to a more state socialist model where the government both owns and controls most of its own industries (and the ones it doesn't are under strict oversight) and all public goods and services are provided by the state. It is just going to take a while.

Telluric Whistler
Sep 14, 2008


Ghost Leviathan posted:

I do get the vibe the protestors were basically what shitlibs accuse leftist protestors of being, a mix of intelligence agency cutouts and idiot rich kids jumping on a bandwagon, and had no real material base.

It was lol how even western media suddenly abandoned them completely and left narratives drifting in the wind when they all came out for Trump.

They were steeped in wild conspiracy theories too.

There was a more widely reported conspiracy about the police murdering a teenage girl, but that was actually built on the bones of people saying that dozens of bodies were being thrown off buildings in Kowloon. Also that MTR trains were being turned into mobile prison and torture centers. Or that Beijing was secretly bringing in tanks and APCs and hiding them in the New Territories.

Wild times lol

AnimeIsTrash
Jun 30, 2018

found out that this white devil has his own party in south korea

Tankbuster
Oct 1, 2021
look the man's family has been there since before Korea was annexed by japan or the russo japanese war. Hes korean for all practical purposes.

dead gay comedy forums
Oct 21, 2011


fart simpson posted:

but is that infrastructure actually profitable?

Ardennes posted:

Honestly, the Chinese government is probably still going to get more out of it than they put in but just on a very long timeline. (I assume that they are still going to charge some type of rent in public housing, they do toll their highways, and they do charge train fares etc).

It's better than that. Infrastructure starts to pay off immediately as it gets working in the sense of the economic multiplier, which isn't accounted for in simple financial costing. A humongous expensive but greatly useful project that appears to require 40 years of credit to pay off might clear for the state in four or five (hell, could be three) years due to the immense aggregate economic benefit of its completion.

dead gay comedy forums
Oct 21, 2011


Ardennes posted:

It is just going to take a while.

In strict Marxist terms of development, the CPC is doing more similarly to what Marx himself envisioned, where planning would cohabit with the market as a social-historical structure for a while. It was the hellbasket circumstances of the Soviet Union that required a forced march to forge ahead and preserve the revolution - I don't at all with the "timetable" thing that started with Khrushchev, as although several aspects of what could be considered more advanced socialism were achieved then, it lacked the aggregate work (especially the technical forces necessary for advanced planning).

stephenthinkpad
Jan 2, 2020
In the locations where the Chinese government announce/start building new HSR stations and metro stations, the real estate value would immediately go up. And the local governments used to rely heavily on residential development right land sales to generate income (they are moving away from this model). So the cost of the new railway line is not paid for by tickets but should be calculated by the new neighborhood boom facilitated by the the new station. This is not the case in the US because the landlords will be one mainly profited from the building of the new stations so there is no political will to expand the lines, not even to make the trains go faster.

Now that I think about it, new train station in China is more analogous to new Stadium building in the US.

stephenthinkpad has issued a correction as of 18:46 on Apr 30, 2024

bedpan
Apr 23, 2008

stephenthinkpad posted:

In the locations where the Chinese government announce/start building new HSR stations and metro stations, the real estate value would immediately go up. And the local governments used to rely heavily on residential development right land sales to generate income (they are moving away from this model). So the cost of the new railway line is not paid for by tickets but should be calculated by the new neighborhood boom initiative by the the new station. This is not the case in the US because the landlords will be profited from the building of the new stations so there is no political will to expand the lines, not even to make the trains go faster.

Now that I think about it, new train station in China is more analogous to new Stadium building in the US.

lol forever that the only public infrastructure investment we can get in the US anymore is when a city or municipality decides to give $1 billion+ to a privately owned sports team in the form of a brand new stadium

Raskolnikov38
Mar 3, 2007

We were somewhere around Manila when the drugs began to take hold
celebrating the fall of saigon in 1/35 scale








album with the rest of my photos here:
https://imgur.com/a/apUpqZE

e: album of some the reference photos i used, they're also pretty cool
https://imgur.com/a/wW0lgWq

Raskolnikov38 has issued a correction as of 19:42 on Apr 30, 2024

Slavvy
Dec 11, 2012

I worry about the gun barrel having to ram those gates

stephenthinkpad
Jan 2, 2020
Nice, reminds me of the Prigozhin tank that got stuck in Belgorod.

Ardennes
May 12, 2002

dead gay comedy forums posted:

It's better than that. Infrastructure starts to pay off immediately as it gets working in the sense of the economic multiplier, which isn't accounted for in simple financial costing. A humongous expensive but greatly useful project that appears to require 40 years of credit to pay off might clear for the state in four or five (hell, could be three) years due to the immense aggregate economic benefit of its completion.

I was saying even in a raw dollar and cents sense, all that stuff would still pay itself off much less the huge benefit from it on an macroeconomic scale.

As for Khrushchev, he was talking about timetables to Communism while he was glad handing with Eisenhower. Obviously he had hoped to work out some type of NEP style deal but made a huge mess even if growth was high.

Homeless Friend
Jul 16, 2007

slave to my cravings posted:

nowhere else in the world has a government ever saved a carmaker from going bankrupt

dead gay comedy forums
Oct 21, 2011


Ardennes posted:

I was saying even in a raw dollar and cents sense, all that stuff would still pay itself off much less the huge benefit from it on an macroeconomic scale.

As for Khrushchev, he was talking about timetables to Communism while he was glad handing with Eisenhower. Obviously he had hoped to work out some type of NEP style deal but made a huge mess even if growth was high.

complementary post, wasn’t correcting you :)

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Top City Homo
Oct 15, 2014


Ramrod XTreme

Mantis42 posted:

the indian century!

https://x.com/moghilemear13/status/1784306896729416076

(whole thread worth reading)

search "where does India store its gold reserves" to find out who runs the country

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