China Thread

#451
#451
Rasputin_Vol said:
I don't understand what the incentive is for spending that kind of money. Hell, ATL is already calling Turner Field obsolete and it was built for the Olympics there... Georgia Dome is considered obsolete, also.

Greece took a bath in all of the spending they did for their Olympics. Montreal never got their retractable roof to close in Olympic Stadium.

Seems like a big waste of money for minimal, short term benefit (if there is a benefit).
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Indeed. Big waste of money. Infrastructure, security. It's just not worth it.
 
#453
#453
Rasputin_Vol said:
I don't understand what the incentive is for spending that kind of money. Hell, ATL is already calling Turner Field obsolete and it was built for the Olympics there... Georgia Dome is considered obsolete, also.

Greece took a bath in all of the spending they did for their Olympics. Montreal never got their retractable roof to close in Olympic Stadium.

Seems like a big waste of money for minimal, short term benefit (if there is a benefit).
Click to expand...

Turner Field, money bought the Braves to bring them out to Cobb County. nothing wrong with the field, the "issue" was on parking.

Georgia Dome is obsolete because it isn't big enough to host the new Soccer team we are getting

and the ATL olympics were in 1996. 15 years ago, not sure what is a suitable ROI timetable for arenas are/is but both venues have been pretty heavily used. so not an issue of Atl not being able to afford or use those stadiums, you may want to check your facts before you go spouting nonsense.
 
#456
#456
While we're ripping China, how about its refusal to crack down on the ivory trade?

Elsewhere: Funny [cross-post Ukraine]
 
#459
#459
Woohoo, devaluation action!

CMF4nA6WgAAGZen.png:large
 
#460
#460
China has its biggest currency devaluation in history, but let's talk about Trump's latest dopey comment. #USTVNews
 
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#465
#465
It's amazing that the so-called "problem" with China is that they operate with a trade surplus and are stock piling $4 trillion in foreign reserves in the process. Meanwhile, the US operates with a trade deficit and has $18 trillion of debt, yet that makes the US ready for prime time.

The propaganda is thick.
 
#469
#469
Rasputin_Vol said:
Wow, the IMF pulled a stunt on this one. I missed this bit of news.

IMF's denial of China into SDR will lead to Yuan ending dollar domination sooner - National Finance Examiner | Examiner.com

So the country that just recently became the largest economy in the world isn't good enough to join the SDR basket of currencies yet? Really?
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i just wonder why China wants in? they have an alternate system already, IMF has largely been a net negative for the countries, and if they are wanting the dollar to go down it seems like this is the result they wanted. curious as to why China wants in.

as far as the IMF goes, seeing china have its own system raises eyebrows, and seeing a nation that recently went through a drastic economy troubles would have me hesitating as well. and as far as US over China, pretty sure the US is already in, so there is no comparison unless the US was up for renewal or something????
 
#471
#471
Nothing to do directly with the current string of conversation in this thread, although it will certainly have some effect on the Chinese economy mid-and long-term, but updated UN figures released last month predict the following:

1. India will surpass China as most populated country sometime within the next decade, most likely sooner than later.

2. The Chinese population will continue to grow until peaking somewhere between 2025 and 2050. From there, it will be a sharp drop-off for China. The population is expected to contract by 400 to 500 million by 2100, giving them a population somewhere around 900 million to 1 billion. Still a huge population and a huge economy, but working age adults are supposed to also be a precious commodity there as the population ages out.

One wonders how this may affect them. The wildcard, however, that cannot be addressed by these figures is automation, which we've discussed a bit in this thread (I think it was) before. One thing is most likely certain though: the days of 9 to 10 percent average growth are well past the Chinese and are never coming back.
 
#474
#474
Velo Vol said:
Link?
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You and the links!

My word should be good enough.

Here's the official document:

http://esa.un.org/unpd/wpp/publications/files/key_findings_wpp_2015.pdf


And here's the article from which I originally found it:

Coming Soon: China's Demographic Doomsday | The National Interest


The US is really an exceptional country (a-thank you) because it's one of the few, perhaps the only, nations that have a domestic fertility rate below replacement yet will grow exponentially due to immigration. 450 million by 2100. I've heard as many as 500 million by other prognosticators.

Russia projected to be around 117 million by that point. They're below replacement and basically beyond recovery, like Japan.
 
#475
#475
Geez! Around Partition time, Indians apparently decided to start f'ing one another like rabbits. Good god.

One particular stat that glares out at me without getting particularly analytical about all the details involving all countries, is the rate at which Nigeria is expected to grow.

That many poor people f'ing like rabbits in that limited amount of space with that kind of Islamic radicalist problem. I'm scratching my beard.

The one good thing about that is that this will take place in sub-Saharan Africa, which is basically the least strategic place on Earth. That's not meant as a racist slight (since you have to qualify everything with that nowadays) but as a statement of fact. Africa, as a whole, has the worst geography, outside Antartica, on the planet and Sub-Saharan Africa even more so. As such, it will always be poor and pretty much meaningless.

If, however, you were to take Nigeria's statistics and put them into a country in the Middle East, or even North Africa, I'd say we'd have a big damn problem about to be on our hands.
 
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