Defence Q&A Is the US or China the world’s economic superpower?

beijingwalker

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Is the US or China the world’s economic superpower?

TBS Report

01 October, 2021, 02:40 pm

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beijingwalker

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Bcs CN stamp down worker's wage to reduce cost, plus even if US don't buy products in CN, then she still have to buy products in VN, India instead like I said.

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Shenzhen tamps down wages with eye on China's manufacturing exodus
City plans first rule change in 17 years as companies chase cheaper labor abroad

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Workers assemble TVs at a Shenzhen factory. The city plans a major overhaul to stem the rise in wages. © Reuters
TAKASHI KAWAKAMI, Nikkei staff writerJune 30, 2021 14:59 JST
GUANGZHOU -- The Chinese city of Shenzhen will overhaul its rules on worker pay for the first time in 17 years, looking to curb surging labor costs and stem the exodus of companies to cheaper markets in Southeast Asia and elsewhere.
A bustling technology hub, Shenzhen's plan boils down to three main components -- reducing overtime pay for irregular workers, tightening bonus rules and extending deadlines for paying employees.
The Shenzhen government has explained that supporting businesses serves workers' interests in the medium to long term. Employment in China still has yet to recover to pre-pandemic levels, and Shenzhen hopes cutting wages could encourage hiring.

Shenzhen currently requires triple pay for workers who show up on statutory holidays, like the Lunar New Year. Under revisions to the local ordinance on wages, which the Municipal People's Congress began deliberating at the end of May, holidays would pay the same as regular weekdays.
Employers also issue bonuses in proportion to how long employees worked there each year, even if they quit partway through. The Shenzhen proposal will allow companies to set their own guidelines on bonus payments, and potentially not pay workers who were only there short-term.
The city plan would allow the deadline for companies to pay their workers to be extended to the 30th of the following month from the current 22nd, though some local lawmakers are pushing for a shorter extension.

Wages go up and down, it's very natural, during the pandemic , many industries decrease and increase their wages, it's very common all around the world, China's unemployment rate is still very low in the world.
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Viva_vietnamm

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lol, when do you think Vietnam's economy can beat Chongqing city? comparing China with Vietnam..
We don't try to beat anyone, we just wanna have more good jobs, I just remind u that EVEN you also admit that FDI come to CN mainly for meeting the need of China's domestic market ̣(Iphone, BMW, Tesla etc).

CN is not a best place for manufacturing exportoriented products anymore due to high labor cost and trade war.
 

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Wages go up and down, it's very natural, during the pandemic , many industries decrease and increase their wages, it's very common all around the world, China's unemployment rate is still very low in the world.
%E5%BE%AE%E4%BF%A1%E5%9B%BE%E7%89%87_20211023121411-png.34117
Sun Liping, a Chinese sociologist and professor in the Department of Sociology at Tsinghua University in Beijing, said in a recent video that the "wave of unemployment" in China is coming.

2. Massive withdrawal of foreign companies

Within five years, 20,000 foreign-invested companies withdrew capital and production lines out of China and moved to other countries, typically Vietnam. Can we imagine how many workers will lose their jobs?

3. The decline of domestic small and medium enterprises



The outbreak of the Covid-19 epidemic caused the CCP to blockade cities, "freeze" production, disrupt market supply chains, etc., leading to many domestic small and medium enterprises falling into recession or even bankruptcy. . Many businesses were forced to go bankrupt or reduce production, cutting workers, pushing unemployment in China to new levels of tension.

4. Tighten businesses related to the education industry

Mr. Sun Liping said that the fourth aspect is the closure of educational and training institutions related to "off-campus education" not long ago, which has left nearly 10 million people unemployed in this industry.

 

beijingwalker

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We don't try to beat anyone, we just wanna have more good jobs, I just remind u that EVEN you also admit that FDI come to CN mainly for meeting the need of China's domestic market ̣(Iphone, BMW, Tesla etc).

CN is not a best place for manufacturing exportoriented products anymore due to high labor cost and trade war.
lol, tell those foreign investors not to invest in China, China actually doesn't want them and issued several crackdowns on them, but still can't stop them from pouring money into China.
 

beijingwalker

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Currently many Chinese cities have individual city GDPs bigger than the whole of Vietnam's, Shanghai, Beijing ,Shenzhen, Guangzhou, Chongqing, Hong kong.
Vietnam's development should set their sight on overtaking these Chinese city GDPs, the second step could be taking on Chinese provinces GDPs, Only after that, Vietnam can think about comparing with China country on country.

Beating Chinese cities is achievable in the future, after all Vietnam has much bigger population and land and other resources than any Chinese cities.

Province part probably can never happen, Guangdong province , which is a neighbor Vietnam (actually Guangdong and Vietnam were the same country in the past, later on in the history, Guangdong joined China) would rank 9th biggest in the world in GDP if taken as a country, beating Canada and Korea. Other provinces like Jiangsu, Shangdong, Henan are roughly at the same level of Guangdong province.
 

Viva_vietnamm

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lol, tell those foreign investors not to invest in China, China actually doesn't want them and issued several crackdowns on them, but still can't stop them from pouring money into China.
True, , China actually doesn't want them bcs they only come and take your money (Iphone, BMW, Tesla etc), but bcs CN's tech suck, can not make your own 5nm lithography machines, thats why CN can do Nothing but watching those Western companies come and take your money...or else, they will stop selling 5nm, 7nm chips to CN, then your Xiaomi, EV cars will collapse : :cool:
 

Viva_vietnamm

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Currently many Chinese cities have individual city GDPs bigger than the whole of Vietnam's, Shanghai, Beijing ,Shenzhen, Guangzhou, Chongqing, Hong kong.
Vietnam's development should set their sight on overtaking these Chinese city GDPs, the second step could be taking on Chinese provinces GDPs, Only after that, Vietnam can think about comparing with China country on country.

Beating Chinese cities is achievable in the future, after all Vietnam has much bigger population and land and other resources than any Chinese cities.

Province part probably can never happen, Guangdong province , which is a neighbor Vietnam (actually Guangdong and Vietnam were the same country in the past, later on in the history, Guangdong joined China) would rank 9th biggest in the world in GDP if taken as a country, beating Canada and Korea. Other provinces like Jiangsu, Shangdong, Henan are roughly at the same level of Guangdong province.
No, we will not set our sight on overtaking these Chinese city GDPs, we dont wanna make the same mistake like CN (growing fast by relying on Western tech, chips). We will do everything slowly but surely.
 

beijingwalker

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No, we will not set our sight on overtaking these Chinese city GDPs, we dont wanna make the same mistake like CN (growing fast by relying on Western tech, chips). We will do everything slowly but surely.
So you are going to depend on your own Vietnamese tech to overtake those Chinese cities? Good luck.
 
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