Topic: China - everything is fine! But everything is bad ... - page 2. (Read 1153 times)

When I first heard about China, the first thing that came to mind was the one-child policy. I'm not sure if it's still in effect, but they're a monster. I also saw that they'll eat a fetus in a can, which is disgusting. Since the pandemic began in China, they have stood firm, but other countries are struggling. They developed a vaccine, and there are many questions about how quickly they can implement it. On the other hand, we are still struggling right now, whereas for them, everything is fine.

Interesting that you mentioned about the REE. IMO, this is the single-most factor that gave China the advantage in electronics manufacturing. Other countries do have REE deposits, but since the extraction process results in the output of huge quantities of toxins, the governments have banned such mines. This in turn pushed up the prices of REE metals in other countries and provided the manufacturers in China with a huge advantage. Now slowly some of the other countries are opening up to the idea of extracting REE from their domestic deposits.

In addition, as news is coming now, the ruling authorities have begun to "crush" high-tech companies quite tightly. The reasons, as I understand it, are the potential risks associated with the emergence of large, private structures, with large reserves of finance, and a noticeable influence in the regions of China. And also the development and adoption by these societies of the principles of free and democratic communities, which are borrowed in the West, which was the result of a certain period of "freedom" in China, when the people of China were able to personally observe the Western world, having the opportunity to travel outside China.
By the way, for example, the USSR was so afraid of such a situation (the population can safely leave the country) that the laws so limited this possibility that for EXIT it was necessary to have a special passport for EXIT, which had less than 0.1% of the country's population !!! And then, most of the holders of these passports - these were the elites of the USSR (politicians, leaders of different levels, their relatives), access to foreign travel for ordinary citizens - in reality strove to 0 ...

Another "interesting" news from China is the potential, in the near future, the bankruptcy of China Evergrande Group. Who is China Evergrande Group? It is the largest diversified investment holding company, the largest real estate developer in China. The situation can be very similar to the crisis in the United States - the volume of problem obligations, to put it mildly, is gigantic, there are practically no solutions. The crisis in the construction business will lead to a local, but within the whole of China, crisis - the construction sector has been and still remains one of the "locomotives" providing the domestic economy with drive, orders, a real key sector of the economy ... You just have to sit down and watch - it will soon be interesting!

If we ignore the political peculiarities of China, then we also have an interesting picture - on the one hand, China ranks 3rd in the world in terms of mineral resources. And even first place in coal! Sounds strong. BUT - resource economies, this is already very outdated. And as history shows, the resource economy is more of a problem than an advantage. There are enough examples - the USSR / RF, Venezuela and similar economies that were fixated on resources.
The only strong advantage of China is that they appreciated the futility of the resource economy in time enough, and began to actively develop the technology sector (by attracting Western companies to open any technological sites). And there is still a small coincidence, from the resource part, but it turned out to be very useful - rare earth metals, of which China has 37% of the world's reserves, and 81% of world production from rare earth metals - and this is the production of high-tech products. And in this "channel", China, of course, rushed forward very powerfully! And here they are, for the time being, essentially monopolists. But the monopoly on which the economy is built is also bad ... Conventionally, "tomorrow" technologies will appear that will replace rare earth metals with simpler and more affordable elements, and all the advantages will collapse in a moment ...
The economy must be diversified, and only then will it be more or less stable. And without a stable economy, it can be very difficult for China - the costs of maintaining internal resources are huge, and "turning on the printing press for money" is a path to the destruction of the economy ...
In a word, as I wrote at the beginning, everything seems to be fine in China, at the moment it is not bad, but there is no guarantee that this will last for a long time, plus at the moment growth and development are beginning to create internal "tensions."

Being an Indian, I have to say that India's problems are very unique. Unlike other countries, where elected politicians have the most amount of power, in India it is the judiciary and bureaucracy which dominates over the government. At least the politicians are answerable to the people and else they won't get re-elected. But the Indian judiciary is extremely corrupt and inefficient. Civil disputes can take 20-30 years to reach a resolution. Strategic infrastructural projects are delayed infinitely, because the judiciary constantly issues stay orders on the flimsiest of the excuses. And the bureaucrats are not answerable to anyone and they regularly delay projects demanding bribes. Even if a bureaucrat is found to be corrupt, it is not possible for the government to fire him. The system is designed in such a way, to block any development.

I am also very sad to see the government only thinks about itself, therefore I am one of those people who really hate corrupt behavior. People who
are in government and don't fight for the interests of the people, that makes them worse than the devil. Sometimes what scares humans, they will
turn into monsters and lose their conscience when faced with money. Indeed, not all humans are like that, but the reality is that in the current
pandemic situation, many governments are harming their own people. Regarding what happened to China, only the Chinese themselves knew about it,
but from several rumors that were spread. Bad things have happened to the Chinese people, there's not much I can do, other than to pray that things
will get better in China.

Well, in China it has been possible to see that the worst things in the world have come from there, I am not blaming the Chinese, but I really have a great thought about covid-19 and its constant way of getting out of problems with solutions that produce the "Fundamentals", the Chinese government is not a white dove, it cannot be ruled out that the covid has come out of a laboratory on purpose or not, with the intention of improving its economy, because one of the ways to generate and move a lot of money is through wars and now it is seen that with pandemic.

Only Chinese citizens know their situation very well, one thing is the government and another is the people, naturally China has always survived thanks to its industrialization, therefore, it cannot be ruled out that this is its source of power in terms of The economy, and the Chinese economy in comparison to other countries, I believe that it is currently very much behind many, including European countries.

It’s totally how the government, the elites at the top are always ready to do anything just to fatten their pockets no matter if it’s going to affect the people negatively or not, their interest is just on themselves and not those that they are leading. Sometimes I wonder if these people are really humans or monsters in human skin, because they really surprise me with the way they act. They tend to push people to the wall, and time might come when people will get tired of all that’s happening and decide to fight for themselves, and it’s not really going to be good for them.

what goes up will also come down. just like china, india was once a super power of this world. is also crash down just as china was. both this country had the chance to conquer just like rome, spain, vikings and US. its money that causes an empire to fall apart.

since india had gone from that level also, many have been forseeing them to rise up again. we are gradually seeing it already.

but for now its china's time to shine. they have have the technology and countries had been adopting these technology. we from a democratic country may even adopt their surveillance system to achieve what they have done.

I agree that China, against the background of Indonesia or Pakistan, or many other countries in the region, looks the most developed. But let's see what changes will take place on the world stage in the next 5-10 years.

About India is a mystery to me in general, why India, having gained independence in the middle of the century, and having enormous potential in many areas, did not become a regional leader ?! After all, India has everything to achieve this goal! Corruption and bureaucracy exist in many highly developed countries, this is bad, but it should not be a "stumbling block"! But it seems to me that India can, and most likely should, change the situation and take its dignified position!

When the market clops they publish one by one bad news when other big investors invest very eagerly then they recover their news. I think they are trying to manipulate the whole market. when they think everything is right then they invest again and again.

Indirectly what I catch from the article here is that China will indeed be damaged because of its internal side itself but it will be very difficult for China to survive if internal corruption and manipulation continues.
On the other hand, the Chinese people will also not be able to do anything because their fear is greater than their desire to rebel, because it has been reflected in the case that happened to Jack Ma in early 2021 where when he dared to criticize the government it ended in his disappearance for some time. .
Jack Ma's class, who is indeed a respected person, is very difficult to rebel there, especially those who are just ordinary people, it will definitely be very difficult to make a movement, let alone a coup d'etat in the current government in China.
On the other hand, the Chinese government will also continue to do what it is doing now because the more the citizens are afraid, the stronger the government will be. So as long as people are silent and afraid that the government will further enrich and manipulate the economy in China, and even if China is destroyed, whether it's 30, 40 or 60 years from now, they (the government) are not worried because they have manipulated enormous wealth.

I would say that India wouldn't have been the perfect place for manufacturing unless they would start doing inhumane conditions and basically work people to death.

China became like this because in the 90's the biggest hype was the fact that China made things for cents, when a thing was made for a dollar in USA, and yes India is not a rich nation neither I will accept that but you couldn't put people in factories and tell them to work for one food, yes that is what China did, many people worked all day for just ONE meal, because the nation was in so much horrible condition that even one meal was better than none and that is how this all started.

Of course, companies started to make a bit more money and eventually hired the better and more experienced workers for a bit more money, and then basically it became not so bad in china these days, still worse than west nations but not as bad as 90's. If India did that, then they would have been rich today as well, but they would be hated by everyone around the world too, now they are loved around the world.

Being a regular visitor to India, I always compare China to India. You can also compare China to some of the other more populous Asian nations, such as Indonesia or Pakistan. None of these countries have witnessed the same level of economic growth as China. And regarding India, I would say that they wasted a perfect opportunity. If the corruption, bureaucracy and red tape was not there, then India would have  emerged as the most preferred destination instead of China. They had the perfect conditions, such as large English speaking population, low wages, and moderate climate.

China attracted investment, because they could do away with the regulations and make it easier for the investors to set up factories. As you have mentioned, these investors brought new technology, and this enabled ordinary Chinese to setup worldclass technological startups.

Let's just say, given the number of harmful and non-environmentally friendly industries that were in China, if investors brought harmful industries there, they did not affect the overall, already formed picture of environmental pollution.
But what exactly the investors brought was TECHNOLOGIES. Due to which China has become what it is now! Without technology, China would still be a third world country with bleak prospects ...

I wouldn't go to the extent of comparing the CCP with the NSDAP, but that doesn't mean that they're all angels. During the 90s, China was so desperate to attract foreign investment that they allowed a number of polluting industries in their territory. These industries brought new jobs and wealth, but also resulted in large numbers suffering from cancer and other pollution-related diseases. Fortunately, the CCP seems to have changed their priority now. Recently, many of such industries were forced to shut down, or shift their operations to other countries. China can afford to kick out these industries now.

China is a greedy and inhuman country, the latest pandemic also came from China from Wuhan and they really made a lot of bad things, food or all chemical products. cause cancer, greed has not stopped there for many centuries, they always want to be global hegemony, aggressive with European countries, silently poisoning young generations of Asian countries, food also like their ideology. I always thought the CCP was no different from the old Nazis, I didn't like them.

You can't say that there was no impact from the ban on mining in China. Because the hashrate went down by more than half, after the ban was announced. Prices went down by quite a lot, and for a brief period the Bitcoin prices hovered below $30K level. However, it is another fact that the exchange rates recovered very quickly. The miners were able to resume their operations with relative ease after they transported the equipment to Kazakhstan and other neighboring nations. Doesn't matter for the Chinese regime. They are still having wet dreams about e-CNY replacing BTC in the market.

We really see that all their negative approach to crypto don't significantly impact the existence of crypto in the market.
It may have had influence at the beginning when they banned the miners and other crypto-related activities, but yes, look at where we are now.
Bitcoin is still climbing up its price and seems that the crypto market in general is really not affected by the change of approach of Chinese government.
Later on, they may change their stance towards crypto, when everybody else is benefiting from this market.