China's Competitive Edge

[@theadchefer]

love this, will be moving there 🔜

[@rajahua6268]

So the Professor just explained what the western countries perceived as 'overcapacity', when it is all about how competitive the China's manufacturing prowess is!

[@user-wp8yx]

It seems to me prudent to investigate whether China has much less in terms of business expense for employees or possibly business. Anyone know employee expenses for businesses in China? Things like ot, pto, health care, medical leave, maternity leave, etc? Or an explanation on regulatory expenses and regulatory burdens? Like do you need licenses for every little thing or just a general license? Do individuals need licenses? How does it work?

[@butdadmygame]

As far as I know many of those business expenses are paid for through government programs allowing businesses to reduce employee expenses.

[@Sean-Ward317]

How do most of you guys still making profit? Even with the downturn of economy and ever increasing life standards

[@LisaJackson198]

Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency and stocks, through the assistance of my discretionary fund manager

[@LisaJackson198]

Mrs Mary Patricia Hester

[@KelvinByrd233]

This is correct, Mary's strategy has normalized winning trades for me also, and it's a huge milestone for me looking back to how it all started..

[@William_Green297]

Her platform is wonderful, and her services are exceptional

[@Sean-Ward317]

I'm new at this, please how can I reach her?

[@thomasbentele2468]

A World Bank employee is suspicious. Focus only on trade matches. Nothing about Deng Xiao Ping, creating thousands of small local banks, nothing about credit creation and guidance. Matches with a Worldbanker.

[@Andy-P]

those "thousands of small local banks" are now bankrupt. They provided the money for real estate which is still crashing.

[@Nik-ik8mv]

Block imports or foreign products = Chinese competitive advantage. The fool has been US/West so they have allowed massive imports from China while China blocks their exports or forces localized production and technology transfer/IP theft. Chinese economy and system are wholly dependent on openness of US/Western markets. The day they close that due to China's stubborness to open Its market for American/Western-"made" products - as opposed to Western companies' China-produced - goods, Chinese economy and political system will collapse. It's the fact that US/European businessmen/corporations have corrupted their politicians via lobbying that they have not used that ultimate lever against CCP and its state economy that CCP and its economic system have survived. But the winds are changing. Within a decade, the decoupling will be complete. Sure, those Western companies' profits will take hits but the cost for US/West is nowhere as big or bad as it is for China. The issue for China is whether those politicians ignore those greedy Western corporations' requests for appeasing the CCP before it's too late. The jury is still out on that question.

[@thecomment9489]

Cheap and failing propaganda. The reason for the West's downfall is Western people themselves. Doing cheap propaganda is good for brainwashing but alas it doesn't increase industrial production.

[@DorJinTan]

cope

[@theadchefer]

not exactly true since the sanctions and trade restrictions are imposed by the west😂

[@DingoAteMeBaby]

separating design / IP and manufacturing has been and is the move for margin. Problem is I highly doubt you can simply decouple like that any time soon. Unlike IP and design, the capex and sunk costs in manufacturing infrastructure / supplier proximity / logistics can not easily be undone.

[@johnsmith100]

The United State's government and business / financial sector are doing injustice to China, by presenting it as vile, which it is not. China invests heavily in its economy for the benefit of its citizens' quality of life. China is not a war mongering country, it has increasingly relied on economic influence, diplomacy, and practically did not start any war in the recent many decades (with the only possible exception re: its 1979 war with Vietnam. Each of the 2 countries has claimed that the other had started that war). Chinese men retire at age 60 and women at age 55. Yes ! It has a super broad / extensive and convenient high speed trains network and the country's industrial and technological sectors are overall very modern and advanced. And transportation, groceries and eating out there are significantly less expensive than in the U.S. ... I recommend everyone to watch some KZbin videos that show the situation in China, You will be totally amazed. As opposed to what Americans are constantly told by their government, the Chinese government is doing the right thing: Planning its economy with the goal of improving the quality of the lives of its citizens, not letting some few Capitalists promote the initiatives that are in their own interests (will enrich them personally), rather than those of the general population. The U.S. government has A LOT to learn from the Chinese one, about how to manage a country successfully for the well being and quality of life of its people. Many Americans suffer a lot financially under Capitalism. They simply don't understand that Capitalism is what they should channel their frustrations at, rather than at China or at one another. Under Capitalism financial crises are created every certain number of years, it's not a stable economic system. The Capitalism approach that is supposed to bring a trickle down economy, has been proven again and again not to be working. As long as so many Americans continue to vote for the two mainstream political parties (Republican and Democrat), both which are aligned with the extreme implementation of Capitalism in the United States, the country will continue to endure financial hardship caused by inflation and other adverse outcomes of Capitalism, such as huge inequality. It's time for implementing Socialism in North America, similar to the one with Chinese characteristics that's implemented in China.

[@DRS659]

TLDR - slave labou with no labour rights/safety regulations=competitive edge

[@waldenli9232]

You mean India should be the greatest economic powerhouse of the world? Have we done the math wrong?

[@Betweoxwitegan]

State control, planning & funding=💰

[@Zero11_ss]

Just missing the part where they steal everyone elses ip/research and also fund a bunch of stuff with the money laundering network they have set up over the past 15 years

[@danielkurtovic9099]

Slave labour?!? , c'mon Here are also people with IQ higher than room temperature, don't put us in same basket with you.

[@waldenli9232]

@@Betweoxwitegan You mean Soviet and pre-1978 Chinese economy? Had history done the math wrong?

[@liuhaolun8174]

He has been discredited for being CCP’s mouthpiece

[@remix-yy1hs]

Anyone that is not a zionist is ccp okay got it 👌

[@phillip76]

Confront the ideas and not slander just because you don't like his race or nationality. You show the moral decay of the west.

[@pengchen2144]

No, He actually was the primary economic adviser of CCP in 20 years from 1990s -2010s. Almost all CCP's economic policies at that period followed his suggestions from his book published in 1994.

[@allenbrady8083]

Stay on topic and respect China’s recorded growth over the decades. Not sure the west can compete or catch up - and I’m being measured.

[@Andy-P]

@@pengchen2144 So he would question CCP policies then?