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

xizhimen

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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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xizhimen

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did they consume enough to keep the economy running ??

More and more every year, much better than US who produces nothing just keep their economy by printing money and borrowing debt.
 

xizhimen

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To make matters worse, China is turning away from the package of policies that promoted rapid growth. Under Xi, Beijing has slid back toward totalitarianism. Xi has appointed himself “chairman of everything,” destroyed any semblance of collective rule, and made adherence to “Xi Jinping thought” the ideological core of an increasingly rigid regime. And he has relentlessly pursued the centralization of power at the expense of economic prosperity.

State zombie firms are being propped up while private firms are starved of capital. Objective economic analysis is being replaced by government propaganda. Innovation is becoming more difficult in a climate of stultifying ideological conformity. Meanwhile, Xi’s brutal anti-corruption campaign has deterred entrepreneurship, and a wave of politically driven regulations has erased more than $1 trillion from the market capitalization of China’s leading tech firms. Xi hasn’t simply stopped the process of economic liberalization that powered China’s development: He has thrown it hard into reverse.


The economic damage these trends are causing is starting to accumulate—and it is compounding the slowdown that would have occurred anyway as a fast-growing economy matures. The Chinese economy has been losing steam for more than a decade: The country’s official growth rate declined from 14 percent in 2007 to 6 percent in 2019, and rigorous studies suggest the true growth rate is now closer to 2 percent. Worse, most of that growth stems from government stimulus spending. According to data from the Conference Board, total factor productivity declined 1.3 percent every year on average between 2008 and 2019, meaning China is spending more to produce less each year. This has led, in turn, to massive debt: China’s total debt surged eight-fold between 2008 and 2019 and exceeded 300 percent of GDP prior to COVID-19. Any country that has accumulated debt or lost productivity at anything close to China’s current pace has subsequently suffered at least one “lost decade” of near-zero economic growth.

I can find way more eassys saying China will overtake US in economy by 2028, some from the world bank and IMF, one report is just one perspective, let's wait and see what 'll really happen in reality.
 

Gary

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More and more every year, much better than US who produces nothing just keep their economy by printing money and borrowing debt.

270.1 per cent

China's National Institution for Finance and Development (NFID), a government-linked think tank, put the nation's overall debt at 270.1 per cent of gross domestic product (GDP) at the end of 2020, up from 246.5 per cent at the end of 2019.
 

Gary

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I can find way more eassys saying China will overtake US in economy by 2028, some from the world bank and IMF, one report is just one perspective, let's wait and see what 'll really happen in reality.
this has nothing to do with overtaking anything that's just raw data contradictory on your claims that China's economy have been great all along.
 

xizhimen

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270.1 per cent

China's National Institution for Finance and Development (NFID), a government-linked think tank, put the nation's overall debt at 270.1 per cent of gross domestic product (GDP) at the end of 2020, up from 246.5 per cent at the end of 2019.
Much smaller than US , Japan and most developed countries, besides, China debts are mostly internal owed and owned by state companies, debtors are also creditors, lt's like your left pocket owes your right pocket money, this is very different from western debts.
 

xizhimen

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this has nothing to do with overtaking anything that's just raw data contradictory on your claims that China's economy have been great all along.
untill last month, Chinese economy was faring very well , the envy of the world, it guess that's pretty recent.
 

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270.1 per cent

China's National Institution for Finance and Development (NFID), a government-linked think tank, put the nation's overall debt at 270.1 per cent of gross domestic product (GDP) at the end of 2020, up from 246.5 per cent at the end of 2019.

Not to mention, the CCP knows something that apparently the spammers do not.

CCP keeps buying US debt (continually trusting the US is good for it).

If it was "based on nothing" (given the CCP couldn't recover the debt in the end when it bursts).....why does the CCP keep on buying it?

Is the CCP unable to see what the spammers spam about 24/7?

Or is there something to do with the CCP reliance on the USD? Something to do with this entire thread being in English to begin with?

Example of the massive disjoint the CCP has with the plebs. There are many more like it.

Ask any bot-spammer this and they melt away like evergrande....or double down on the spam even more...just like how zombie companies in PRC pad their paperwork to stick around.

You can then point out to them that Carrie Lam in HK is paid in cash fully (a briefcase of it monthly iirc) because the US blacklisted her from using any of the US financial system network after the CCP clampdown on HK.

If PRC is even a superpower, surely a chinese state bank (there are a number in HK) would let her open an account with them? But even they wont (fearing immediate sanction from US on their larger global activities).

The entirety of these spammers in the end (related to why they spam).... do not understand the basics of the USD and the system their govt has bought into and the huge compromises and limits made by doing so.

Little has fundamentally changed since the pic @Viva_vietnamm posts of deng taking a bow to jimmy carter....in the reliance of CCP on West to bulk up.

Just China at large is growing unwieldy for CCP to handle (just look at last 5 years events in enough detail and the clampdowns regarding them and internal security budget as well). This has led to Xi Jinping being more assertive in foreign policy domain...it is quite the gamble, but maybe there is a psyche-driven thing going on too. Either way CCP is exacerbating its problems (done by its own hand earlier - i.e severe sustained demographic intervention)
 

xizhimen

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Not to mention, the CCP knows something that apparently the spammers do not.

CCP keeps buying US debt (continually trusting the US is good for it).

If it was "based on nothing" (given the CCP couldn't recover the debt in the end when it bursts).....why does the CCP keep on buying it?

Is the CCP unable to see what the spammers spam about 24/7?

Or is there something to do with the CCP reliance on the USD? Something to do with this entire thread being in English to begin with?

Example of the massive disjoint the CCP has with the plebs. There are many more like it.

Ask any bot-spammer this and they melt away like evergrande....or double down on the spam even more...just like how zombie companies in PRC pad their paperwork to stick around.

You can then point out to them that Carrie Lam in HK is paid in cash fully (a briefcase of it monthly iirc) because the US blacklisted her from using any of the US financial system network after the CCP clampdown on HK.

If PRC is even a superpower, surely a chinese state bank (there are a number in HK) would let her open an account with them? But even they wont (fearing immediate sanction from US on their larger global activities).

The entirety of these spammers in the end (related to why they spam).... do not understand the basics of the USD and the system their govt has bought into and the huge compromises and limits made by doing so.

Little has fundamentally changed since the pic @Viva_vietnamm posts of deng taking a bow to jimmy carter....in the reliance of CCP on West to bulk up.

Just China at large is growing unwieldy for CCP to handle (just look at last 5 years events in enough detail and the clampdowns regarding them and internal security budget as well). This has led to Xi Jinping being more assertive in foreign policy domain...it is quite the gamble, but maybe there is a psyche-driven thing going on too. Either way CCP is exacerbating its problems (done by its own hand earlier - i.e severe sustained demographic intervention)
This guy has CCP obssession. lol..
 

Viva_vietnamm

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Or is there something to do with the CCP reliance on the USD? Something to do with this entire thread being in English to begin with?



Little has fundamentally changed since the pic @Viva_vietnamm posts of deng taking a bow to jimmy carter....in the reliance of CCP on West to bulk up.

Just China at large is growing unwieldy for CCP to handle (just look at last 5 years events in enough detail and the clampdowns regarding them and internal security budget as well). This has led to Xi Jinping being more assertive in foreign policy domain...it is quite the gamble, but maybe there is a psyche-driven thing going on too. Either way CCP is exacerbating its problems (done by its own hand earlier - i.e severe sustained demographic intervention)
CN is a export oriented nation. CCP keeps buying US debt bcs if the value of USD is low, then CNY will become expensive and CN will not able to export their products to EU-US due to high price.

Based on my calculation, there are abt 60% CN factories are Zombie factories (earning No profit due to high labours cost), but those factories can not leave CN bcs CN govt focres them to stay to avoid very high unemployment rate .

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But what Trump is doing now is making everyone panic, especially the smaller firms,” Zhou added.

Companies are also fearful of growing hostility from local governments in China, should they announce their plans to relocate. Officials do not want to lose the tax revenue, nor the employment the factories bring to local communities.

“I invested 3 million yuan (US$436,140) with a partner in 2017 to rent a 2,400-square-metre factory in Thu Dau Mot City, in the Binh Duong province of Vietnam, transferring four production queues and recruiting 80 workers there. The rent was already 22 yuan (US$3.20) per square metre and has now gone up to 28 yuan,” Zhou said.

“At that time, the economic atmosphere in China was still very good, and everyone was eager to expand investment. The local government in Dongguan was relatively relaxed and supportive of us relocating production to Vietnam. Now, several friends of mine are planning to move. Their costs will be definitely much higher than they were in 2017. Moreover, the local [Dongguan] government is not as nice as it used to be.”

“Procedures are now strictly enforced by the local government in Dongguan,” Zhou added. “If you do not pay a large compensation package to make up for workers’ social security fees and other taxes, they will not let you move the machinery and equipment.”


 

Viva_vietnamm

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Viva_vietnamm

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When a couple of power outage happen in China, the western media will make you believe China is running out of power despite the fact that China is the world biggest electricity producer by a runaway margin,
42% of the world's thermal power plants are at a loss

VTV.vn - Carbon Tracker recently announced that nearly half of thermal power plants around the world are operating at a loss.

According to the Independent, Carbon Tracker's survey was conducted based on the profitability of nearly 6,700 thermal power plants around the world, equivalent to 95% of the total capacity from current thermal power plants. High input material costs are the main reason why 42% of operating thermal power plants suffer losses. This number is expected to continue to increase in the near future, as taxes on CO2 emissions increase and laws related to air pollution are tightened.

According to reports, China - the world's largest thermal power producer today, can save nearly 400 billion USD if it closes losing factories. If the US does not withdraw from COP21 and still fulfills its commitments to close thermal power plants under the Paris climate agreement, it will save $78 billion.

 

xizhimen

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CN is a export oriented nation.

When the first summary sentence is just BS, you don't have to read on


China's share of exports in gross domestic product (GDP) amounted to approximately 17.7 percent in 2020
微信图片_20211002120242.png
 

Viva_vietnamm

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When the first summary sentence is just BS, you don't have to read on


China's share of exports in gross domestic product (GDP) amounted to approximately 17.7 percent in 2020
View attachment 32689
In 2020, Evergrande recorded revenue of about USD 106 billion, ranking 2nd in China, but in 2021 its suddenly collapsing now. So, CN's economic data is just a hoax :LOL:
 

Viva_vietnamm

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Lol, it's just one private company, China's economy is a joke, Vietnam's a miracle.
just one private company ?? about 40% of CN's thermal power plants are at a loss now, thats why CN is facing with power crisis (if u forgot) :LOL:

Not mentioning there are too many big but toxic companies in CN like Tencent (electronic drug), Alibaba-Ant group (loan shark), Meituan (boss want CN collapse like Qin's dynatsy) :LOL:
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42% of the world's thermal power plants are at a loss

According to reports, China - the world's largest thermal power producer today, can save nearly 400 billion USD if it closes losing factories. If the US does not withdraw from COP21 and still fulfills its commitments to close thermal power plants under the Paris climate agreement, it will save $78 billion.

 

xizhimen

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just one private company ?? about 40% of CN's thermal power plants are at a loss now, thats why CN is facing with power crisis (if u forgot) :LOL:

Not mentioning there are too many big but toxic companies in CN like Tencent (electronic drug), Alibaba-Ant group (loan shark), Meituan (boss want CN collapse like Qin's dynatsy) :LOL:
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42% of the world's thermal power plants are at a loss

According to reports, China - the world's largest thermal power producer today, can save nearly 400 billion USD if it closes losing factories. If the US does not withdraw from COP21 and still fulfills its commitments to close thermal power plants under the Paris climate agreement, it will save $78 billion.

Lol, we'll see , you have made claims that China's economy will collapse for many years so far, how many more years are you going to do it, it's getting boring, why not make some new wild claims and make them sound more interesting.
 

Viva_vietnamm

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Lol, we'll see , you have made claims that China's economy will collapse for many years so far, how many more years are you going to do it, it's getting boring, why not make some new wild claims and make them sound more interesting.
I told u guys already, if CN's economy will not fall into chaos in the end of 2023, then I will stop tallking abt it. But after the collapse of Evergrande and the Power crisis due to abt 40% of CN's thermal power plants are at a loss , u guys should learn a lesson and stop bragging as if CN is a real super power already.

CN is not even a regional power yet, u only control abt 13% of SCS(east VN sea) while VN control abt 60% there despite CN had support from daddy JP and US in trying to destroy VN since 1978.

Without support from daddy US, CN is Nothing in the world but a barren, useless land with sand storm and serious flood every year. :cool:

18-war-dang-upi.jpg


Spratly_with_flags.jpg
 

Nilgiri

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In 2020, Evergrande recorded revenue of about USD 106 billion, ranking 2nd in China, but in 2021 its suddenly collapsing now. So, CN's economic data is just a hoax :LOL:


It's funny when spammer uses China GDP as any kind of denominator.

It is common knowledge China economy is very export-reliant.. whatever the "%" by some GDP-inflation works out to be.
 

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