Happy new year from China

[Alvin-blue-qhd]

There isn’t any particularly big news from China worth writing a new thread about.

Yes, everything is very calm. Come to think of it, this calmness itself is quite an interesting phenomenon. People often write down predictions at the beginning of the year, and when it comes to the part about China, I usually reply with "everything will be just as usual—nothing new."

China is like that Chinese restaurant that has been running in your neighborhood for decades. You don’t learn their language, the food isn’t exactly authentic, and it doesn’t look fancy at all—yet it’s just there, enduring.

Anyway, Happy New Year, friends in the UK.

 

[Grassland Blue]

Chinese New Year is a few weeks away yet......

 

[Alvin-blue-qhd]

Chinese New Year is a few weeks away yet......

6 weeks!

 

[TonyM]

The Year of the Fart.

 

[TinFoilHat]

The Year of the Fart.

Named after (insert username here)

 

[dickie davies]

There isn’t any particularly big news from China worth writing a new thread about.

Yes, everything is very calm. Come to think of it, this calmness itself is quite an interesting phenomenon. People often write down predictions at the beginning of the year, and when it comes to the part about China, I usually reply with "everything will be just as usual—nothing new."

China is like that Chinese restaurant that has been running in your neighborhood for decades. You don’t learn their language, the food isn’t exactly authentic, and it doesn’t look fancy at all—yet it’s just there, enduring.

Anyway, Happy New Year, friends in the UK.

Happy new year

You say nothing worth writing about
Not even Xi and his comments about Taiwan's inevitable reunion with China

 

[Alvin-blue-qhd]

Happy new year

You say nothing worth writing about
Not even Xi and his comments about Taiwan's inevitable reunion with China

That has been China's longstanding claim, which we have consistently asserted since 1949. Nothing new.

 

[gordondaviesmoustache]

As things stand, I’d much rather be in bed with Chine than the US.

 

[Phil1]

As things stand, I’d much rather be in bed with Chine than the US.

Absofuckinglutely!
Happy New Year, mate.

 

[Xhavenjoe]

Not even Xi and his comments about Taiwan's inevitable reunion with China

Who is this Eleven you just mentioned?

 

[Big Joe Corrigan]

Who is this Eleven you just mentioned?

Has the team sheet been leaked already?

 

[gordondaviesmoustache]

Absofuckinglutely!
Happy New Year, mate.

Same to you pal x

 

[Xhavenjoe]

Has the team sheet been leaked already?

Sun Jihai was spotted hanging around the dressing room

 

[Xhavenjoe]

As things stand, I’d much rather be in bed with Chine than the US.

You wish.

 

[Blue Maverick]

Who is this Eleven you just mentioned?

She’s in Stranger Things

 

[KS55]

There isn’t any particularly big news from China worth writing a new thread about.

Yes, everything is very calm. Come to think of it, this calmness itself is quite an interesting phenomenon. People often write down predictions at the beginning of the year, and when it comes to the part about China, I usually reply with "everything will be just as usual—nothing new."

China is like that Chinese restaurant that has been running in your neighborhood for decades. You don’t learn their language, the food isn’t exactly authentic, and it doesn’t look fancy at all—yet it’s just there, enduring.

Anyway, Happy New Year, friends in the UK.

The picture you paint of China just sort of plodding on is at odds with reality. In the last thirty years or so China has undergone the biggest economic revolution the world has ever seen.
Now, there is a serious debt problem largely bound up with urban development at breakneck speed. Is China really just taking that in its stride?

 

[Alvin-blue-qhd]

The picture you paint of China just sort of plodding on is at odds with reality. In the last thirty years or so China has undergone the biggest economic revolution the world has ever seen.
Now, there is a serious debt problem largely bound up with urban development at breakneck speed. Is China really just taking that in its stride?

I find modern monetary theory to be highly complex and often counterintuitive. As it is not my field of expertise, I cannot provide a detailed analysis. From my limited understanding, I believe all wealth stems from two sources: first, actual industrial and agricultural production, and second, monetary policies backed by national sovereignty. In a sense, debt serves as a means for modern nations to generate wealth. For countries like China and the United States, I do not view debt as the core issue. Rather, the true concerns lie in sheer strength and confidence in state power. In this regard, China and the U.S. essentially operate on the same principles and function under similar logic. I do not consider China's debt to be a significant problem, nor do I see the U.S. debt as a major issue.

 

[Grassland Blue]

The picture you paint of China just sort of plodding on is at odds with reality. In the last thirty years or so China has undergone the biggest economic revolution the world has ever seen.
Now, there is a serious debt problem largely bound up with urban development at breakneck speed. Is China really just taking that in its stride?

Every country in the world is in debt.
At least in China most people are benefitting from their governments' policies.
No homelessness
No drugs
Negligible crime
Superb infrastructure
Technological advancements (esp in AI)
Clean streets
Building of trade links with other nations
I could continue......

 

[KS55]

Every country in the world is in debt.
At least in China most people are benefitting from their governments' policies.
No homelessness
No drugs
Negligible crime
Superb infrastructure
Technological advancements (esp in AI)
Clean streets
Building of trade links with other nations
I could continue......

You need to study Chinas debt and the effect it is having across the economy. Just sloughing it off is not right. There are hundreds of current articles exploring the situation, like the one below.

 

[KS55]

I find modern monetary theory to be highly complex and often counterintuitive. As it is not my field of expertise, I cannot provide a detailed analysis. From my limited understanding, I believe all wealth stems from two sources: first, actual industrial and agricultural production, and second, monetary policies backed by national sovereignty. In a sense, debt serves as a means for modern nations to generate wealth. For countries like China and the United States, I do not view debt as the core issue. Rather, the true concerns lie in sheer strength and confidence in state power. In this regard, China and the U.S. essentially operate on the same principles and function under similar logic. I do not consider China's debt to be a significant problem, nor do I see the U.S. debt as a major issue.

Most economists are forecasting a significant slow down in the Chinese economy brought on by the weight of debt. The Chinese gov are reducing their growth forecasts by a large factor. The most pessimistic forecasts are for a generation of stagnation similar to that experienced by Japan.
I would certainly consider that a major issue. Just ask all those who have paid for apartments that will never be built. The Belt and Road policy is in serious trouble as many of the client nations are unable to meet their payments.