It's more likely the dictatorial government of the PRC will collapse first before the US goes under. And becoming like Japan is the last thing China wants, economic growth of <1% and a population of elderly people is not something to look forward to.
To think that the US is failing is just naive. They're richer and bigger than they were decades ago. GDP is a gross figure, like revenue on a company balance sheet. After you minus all the expenses (social security, military, food, education, etc), what's left is the surplus wealth available for the country to spend on new investments. And the US surplus wealth is faaaaar above that of China. Why do you think despite being the 2nd largest economy (1st largest by PPP), chinese living standard is still below that of the US, Japan, singapore, sweden, etc. When it comes to spending power, US still wins.
That's why China made a big mistake scaring the US. The Americans are a paranoid bunch, and are very kiasuu in protecting their dominance. That's why Deng Xiao Ping chose to hide China's strength and bide its time. Xi Jinping's idio-tic wolf warrior tactic only emboldened the Americans to burn more cash into its already superior technologies, making it harder for china to simply catch up.
What BNO passport. There is only 1 passport for each sovereign country. Don't you think U K is practicing a discriminating policy? Do you think , thwy have a set of immigration policy for the EU immigrants?
the new generation of Chinese have only seen success, tremendous changes, very confident, very optimistic, very patriotic, very adaptable and very certain their life will be better than their parents.
the new generation of Chinese have only seen success, tremendous changes, very confident, very optimistic, very patriotic, very adaptable and very certain their life will be better than their parents.....what more can a person ask for from their country?
What the west thinks of China's dictatorship is of little importance. The problem is that dictatorships are not sustainable and may not last. As you said "what more can a person ask from their country", the Chinese are asking and expecting their government to deliver great economic success, in exchange for personal freedom and tight control over the China's populace. But what happens when China eventually hit a major recession, or a large enough financial crisis? Not unlikely considering that its overall debt was 270.1% of GDP at the end of 2020. Expecting that China will continue to grow its GDP at breakneck speed forever is delusional. Also you said the new generation of Chinese have only seen success, so the true test of their loyalty to their dictators is when they've finally witness government failure. And past dictatorship will show that citizens do not take kindly to a dictatorship that fails to meet their end of the bargain.
Natwest’s China economist, Peiqian Liu, said Xi’s attempt to close the wealth gap “marks the beginning of bureaucratic-level reforms whereby local government officials will no longer be pressured to achieve lofty GDP targets; instead, they will be assessed by a variety of indicators to achieve higher quality growth.”
He said it was unclear exactly how far reaching the reforms will be, though they are likely to “focus on improving the social safety net, improving labour productivity, reducing systemic financial risks and achieving more balanced growth in the long run”.
He added: “As a result, we see some downside risks for real GDP growth in the short and medium term but we expect the growth momentum to be more balanced and sustainable. We also expect the policymakers to put more emphasis on risk management, especially the debt risks and data security.”
Some analysts believe evidence of weaker growth rates will lead to China’s central bank easing borrowing rules to allow a mini-credit boom. With more borrowing by consumers and small businesses, the pain of increased taxes can be absorbed and the economy can return to higher levels of growth.
catch words like dictatorship while a bad word in America do not have the same impact in China which for thousands of years is happiest with a strong effective central government and a strong China.
China actually offers a good development model for all developing countries, whether it is selection of leaders, quality of leaders and governance principles.
and making "serve the people" as the highest priority.
When it comes to choosing development model, it's better to look at the model used by developed high-income countries, and the chinese model does not fit into that category.
I admire China's heft, but once you put things into perspective, they're record is not that impressive. The Japanese, South Koreans, Singapore citizens have higher living standards than Chinese. So how is it that despite having crazy amount of control of its citizens, and plenty of resources, the best China can do so far is being a developing upper-middle income country, while the other Asian tigers are already developed high-income countries?
The answer might be quite simple, dictatorships are risky business. The recent tech crackdown by the CCP proves this. Just like that, the CCP stopped tuition companies from making profits, wiping billions of shareholder value. Didi, Tencent, Alibaba have also not been spared. Chinese companies prefer to list in New York instead of Shanghai. In China, the CCP is the law, and that's not good for business seeking legal protection. One main reason Hong Kong was a financial success is because it followed british law instead of Chinese Law, this gave investors some assurance that their investment will be protected, which allowed for capital to flow into mainland China.
cupcake...its shallow to just compare balance sheet.........
like a good stock picker, to find the right stock learn how to judge the direction ......
they say movies is a reflection of the times.
The Battle at Lake Changjin. ....largest grossing movie of all time in China.....
Throughout most of 1980s to recently, people fed up with propaganda war movies. But now, people love Battle of Lake Changjin. Its a reflection of the times and also thanks to Trump war on China.
I'm not comparing balance sheet, I'm comparing results. And the results shows that countries like Japan, Singapore, South Korea have higher living standards than the Chinese. So your assertion than the chinese development model is the model that developing countries should use makes no sense. This is plain fact justified by data, unlike your hypothethical assertion of "China's common prosperity may change the world". It may or it may not. But there's no good reason to value of a country based on remote hypotheticals.
A deeper perspective? That's just what people like to tell themselves to justify a bad investment.
Perhaps you should do extensive study of reliable informational reading materials to understand the "reflection of the times", instead of watching films commisioned by the the CCP. You wouldn't expect UMNO to give a reliable unbiased assessment of their achievements, so it makes no sense to now give the benefit of the doubt to the CCP who went so far as to create a "Great Internet Firewall" to control what chinese can and cannot see.
China is doing a great experiment to attain the Confucian ideal of 大同世界. Until now humans have tried using Confucianism, Democracy and Communism to achieve an ideal utopian society. All have failed.
Capitalism is very good in creating wealth but very bad in distributing wealth.
Communism focused on end result of equality. From each its best to each its need. Very idealistic. Not good in creating wealth. In the end it is "commom poverty".
Ancient Confucianism was government of the emperor, for the people but not by the people. Original Democracy was government of the people,for the people and by the people. Today's American democracy is government of the 1 %, for the 1% and by the 1%.
Communism was supposed to be government of the proletariat, for the proletariat and by the Party on behalf of the proletariat.
Modern China is trying to combine the ideas of Marxism and Confucianism to create what is called "Socialism with Chinese characteristics." The next 30 years will be crucial to its success or failure in achieving 共同富裕。
Posted by qqq3333 > Oct 20, 2021 9:15 AM | Report Abuse
Tobby > Oct 20, 2021 12:05 AM | Report Abuse
Qqq! The thing is chinese China are very enterprising race! ======
enterprising race but hand of sand in the century of humiliation.
Answer : All this claim of victimization by outside forces is pure baloney! Look, the British didn't force chinese China to consume opium! It was pure greed by chinese warlords of the time! Japan almost conquer China through Puyi! China civilization collapse in perfect storm of internal civil wars!
Cupcake....the positive transformation of China last 40 years is the greatest in human history even surpassing the expectations of its chief architect Deng. It covers 20 percent of human population and elimination of extreme poverty in China.
Generally China do not like to comment of other people internal politics unless they go interfere with China.
Doomsday predictions for China has been wrong like forever and will continue to be wrong. By 2049, they intend to be first in all aspects including materialism, environmental, consumption, health, equality, education, peace, stability, moral, ....no one as ambitious as the CCP.
For thousands of years, China not short of high quality political thinkers and philosophers....but only with peace and stability can they do their best ideas into action.
The generation who put up the Goddess of democracy in 1989 have now grown up to be national leaders. Ask to see if any of them still feels the same way?
"greatest in human history", yet living standards are still lower than Japan, South Korea, Singapore. Most Asian countries (including upper-middle income country, Malaysia ) also started from the bottom and reduced extreme poverty, not just China. So the question remains, why should developing countries follow China's development model when China itself have not manage to achieve high-income status like Japan, Singapore, and South Korea?
First in all aspects? That's nice and all, nothing wrong with being ambitious. Even Malaysia, in its 12MP, plans to be a high-tech and high-income country in just 4 years. But until those ambitions are actually realised, what is there to shout about?
Are you Malaysian? You seem waaaay too excited and defensive of China to be Malaysian.
Talking alot still havent migrate is afraid to be there?migrate there 1st then only text to here to share with us how good there are only we can trust.. If not just only tin kosong
Wonder why they are so many people like to carry xi ball , if you think here not good and there are so good why afraid to be,migrate?then you can share real experience to here winning thousand words isnt it? If not why you afraid for?
Some people really like to describe China as if it's some kind of Wakandian utopia, as if it's the richest, smartest, strongest, most advance, most moral country in the world, that can do nothing wrong and whose leaders will always get it right. It's downright crazy. Perhaps some critical thinking should be in order to understand the real reality of China.
Haha, I thought some people really like to describe USA as if it's some kind of Wakandian utopia, as if it's the richest, smartest, strongest, most advance, most moral country in the world, that can do nothing wrong and whose leaders will always get it right. It's downright crazy. Perhaps some critical thinking should be in order to understand the real reality of USA.
China CCP is pratical and pragmatic:
摸着石头过河, that translates to “cross the river by feeling the stones”. It is generally attributed to Deng Xiaoping, who used it as a metaphor to describe China’s approach towards the reform and opening (改革开放).
With opening and market economy China had reached a stage where many social ills of capitalist is showing it urgly self hence the need of common prosperity 共同富裕 China is doing a great experiment to attain the Confucian ideal of 大同世界.
Either way, our world is witnessing a grand experiment that’s now underway: China and the West, facing very similar societal problems, have now, thanks to Wang Huning, embarked on radically different approaches to addressing them. And with China increasingly challenging the United States for a position of global geopolitical and ideological leadership, the conclusion of this experiment could very well shape the global future of governance for the century ahead.
N.S. Lyons is an analyst and writer living and working in Washington, D.C. He is the author of The Upheaval.
USA is sh*thole. Prefer to do business with them, buying their products (including shares), and getting their sweet sweet capital, but hell no to living there. This goes for both China and USA.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Cupcakes69
611 posts
Posted by Cupcakes69 > 2021-10-19 16:48 | Report Abuse
It's more likely the dictatorial government of the PRC will collapse first before the US goes under. And becoming like Japan is the last thing China wants, economic growth of <1% and a population of elderly people is not something to look forward to.
To think that the US is failing is just naive. They're richer and bigger than they were decades ago. GDP is a gross figure, like revenue on a company balance sheet. After you minus all the expenses (social security, military, food, education, etc), what's left is the surplus wealth available for the country to spend on new investments. And the US surplus wealth is faaaaar above that of China. Why do you think despite being the 2nd largest economy (1st largest by PPP), chinese living standard is still below that of the US, Japan, singapore, sweden, etc. When it comes to spending power, US still wins.