China Thread

#54
#54
Not China but amusing. #Mountaineer

Kim Jong-Un climbs North Korea's highest mountain - BBC Newsbeat

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#56
#56
IPleadInsanity said:
The main component of the economy that makes China strong is the lack of debt both by the population and business. The common man is given credit by no one and a 30% downpayment is required for home purchase. Businesses, only at the highest level, borrow money from banks. The country is debt free compared to us. This is why they recover from the bumps in the road faster than other countries.
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Deceptive account because the capital/debt equivalent is hidden in local governments.
 
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#57
#57
red butler said:
http://www.nytimes.com/2015/04/18/business/international/at-global-economic-gathering-concerns-that-us-is-ceding-its-leadership-role.html?ref=business&_r=2&assetType=nyt_now

China certainly has its' own economic problems, but the quotes in this article are disturbing to me.
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China could very well step into the hole we leave. the issue is they won't be nearly as nice as we were. just look at any of their deals now.

just to take one of the instances: the money going to Pakistan isn't helping Pakistan. its helping China. China's Xi heads to Islamabad to unveil $46 billion investment

The upgrade stretches 3,000 kilometres from the Pakistani port of Gwadar on the Arabia Sea to China's western city of Kashgar.

Pakistan transferred control of the port to a Chinese public company in 2013. Iqbal said $11 billion has been set aside for the purpose.
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each deal China makes gives direct benefits back to China. While the US definitely got defined benefits they were nothing like this. with us not being in Asia we could never directly benefit like China can. look for a lot of these deals, and look into the terms of the money going out.
 
#59
#59
Everyone *****ing and moaning about the American hegemony is going to hate life when/if the Chinese take over.
 
#61
#61
What's up with Mischief Reef? I can see the Dutch doing that kind of thing, but anyone else?
 
#65
#65
Velo Vol said:
That road looks like it would make for only a slightly more enjoyable road trip than the trans-Siberian highway idea. Which is to say, not at all.

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yeah but it gives China land access to the port it now de-facto owns. and they think a road will stabilize the rough regions. it marches through
 
#68
#68
LouderVol said:
agreed, but wouldn't you say that in their switch to a service based economy they are headed to those type of debt related issues they have avoided, until now/in the near future?
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Of course, but they start the process fully loaded with cash whereas we began on credit. The number of huge corporations there operating without debt is staggering. As they switch to a self supporting system company profits will increase so investing cash will still be the biggest corporate problem for the foreseeable future.
 
#69
#69
IPleadInsanity said:
Of course, but they start the process fully loaded with cash whereas we began on credit. The number of huge corporations there operating without debt is staggering. As they switch to a self supporting system company profits will increase so investing cash will still be the biggest corporate problem for the foreseeable future.
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i am not the most knowledgeable of our countries fiscal history, but pretty sure when we were an industrial nation we were flushed with cash too, coming out of WWII we were the new world economy and had boat loads of money. the government may have been poor but the corporations were loaded. How is this different in China? (question not so much an argument)

as to the bolded, i still don't think they can do this. They still have problems with unemployment (because they keep forcing people to move into cities to be dependent on the system) their construction and related industries will take a big hit once they developed enough. and again I don't think the world needs a service based industry provider the size of China. also i keep going back to the fact that once they switch to office jobs, wages go up and all the sudden China ain't that cheap anymore and demand plummets.

also with them getting rid of small farms, they have become increasingly dependent on food imports. and in a world of changing climates (not debating anything about that topic here) and a population the size of China that is scary.
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#70
#70
NPR says the U.S. has been encouraging China to invest in Pakistan, to add stability to the region.

Good luck with that.
 
#72
#72
@ Velo, never saw your answer on the Mischief island thing, to what are you referring?
 
#75
#75
China forces shot protesters: Xinjiang residents

Something hideously violent happened in Elishku. Whether it was a separatist attack or a civilian massacre is shrouded in the mists of conflict, control, claim and counter-claim that plague China's mainly Muslim region of Xinjiang.

According to authorities, 96 civilians and "terrorists" died when militants attacked a police station in the township last July 28. Residents, speaking to foreign media for the first time, say that hundreds of people mounted a protest against government restrictions on religion which was brutally put down.

"Everyone who joined the crowd is either dead or in jail," said Mahmouti, who hid in his nearby home with his then-pregnant wife. "No one has been heard from since, no one knows where they are now."
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