China's 2019 GDP was $14.34 trillion

[Dungeness]

Hey open market doesn't mean lost control. It's the opposite actually, because gov is not the player anymore, so it can be a better/fair policy maker and executor hence.

Fair, better or not, that's what made China China. And the very reason that Trump believed US was "raped" instead of "raping".

 

[PeacefulWar]

Fair, better or not, that's what made China China. And the very reason that Trump believed US was "raped" instead of "raping".

What point are you trying to make?

 

[Dungeness]

What point are you trying to make?

What constitutes a "better/fair policy" really depends on one's standpoint.

From Chinese perspective, China's SOE is the main frame of Chinese social structure and the core of its competitive advantage. From Trump's position, China's SOE is the matter of concern and the reason that China has been able to "rape" US for decades.

So when you are trying to make a point about China's SOE, don't forget China's SOE, for all its faults, is the "ATM" of China's social security system, and the reason you can enjoy 4G connection in every corner of China, and the reason that you can hoop onto a HSR train to go to any major city without paying an arm and leg.

China's SOE is what made China special in the world and feared among competitors.

 

[PeacefulWar]

What constitutes a "better/fair policy" really depends on one's standpoint.

From Chinese perspective, China's SOE is the main frame of Chinese social structure and the core of its competitive advantage. From Trump's position, China's SOE is the matter of concern and the reason that China has been able to "rape" US for decades.

So when you are trying to make a point about China's SOE, don't forget China's SOE, for all its faults, is the "ATM" of China's social security system, and the reason you can enjoy 4G connection in every corner of China, and the reason that you can hoop onto a HSR train to go to any major city without paying an arm and leg.

China's SOE is what made China special in the world and feared among competitors.

No it's not.
China have have the highest tax rates and poor social benefits that makes the gov so rich.
So that it can keep support those SOE to survive.
The fact is those SOE keep losing money abroad.

Those giant SOE have zero innovation capability and can't survive without policy and gov support.
It's so sad it was a common sense in my time but now people all forgot the lessons we learnt.
Those giant SOE bankruptted China so bad so that Zhu Longji risked causing social unrest to get rid of them. China's economy benefits hugely from this marketing reform. Now every thing is in reverse mode.

 

[Mista]

the reason that you can hoop onto a HSR train to go to any major city without paying an arm and leg.

You seriously think it's that simple and money (or economic efficiency in this context) drops from the sky?

The average Chinese is indirectly subsidizing these things through high property prices. I'm sure you know the property prices in the first-tier cities.

It's the HK model. HK has one of the lowest tax rates in the world but HKers indirectly pay taxes through land sales and stamp duties to fund their spending.

Read this:
https://www.zhihu.com/question/34062152/answer/350101422

Additionally the mainland has high taxes to fund these SOEs.

 

[Song Hong]

The HSR contributes in terms of wider domain of social economics, defence, geopolitical realm. Profit shows up elsewhere not in HSR income statement.

Beijing has wider source of income other than land.

China is not HK model. HK is ruled by oligarch, HSBC, corrupt judges, organized crime and criminal tycoons.

The capitalists listen to CPC not the other way.

You seriously think it's that simple and money (or economic efficiency in this context) drops from the sky?

The average Chinese is indirectly subsidizing these things through high property prices. I'm sure you know the property prices in the first-tier cities.

It's the HK model. HK has one of the lowest tax rates in the world but HKers indirectly pay taxes through land sales and stamp duties to fund their spending.

View attachment 600461

Read this:
https://www.zhihu.com/question/34062152/answer/350101422

Additionally the mainland has high taxes to fund these SOEs.

What constitutes a "better/fair policy" really depends on one's standpoint.

From Chinese perspective, China's SOE is the main frame of Chinese social structure and the core of its competitive advantage. From Trump's position, China's SOE is the matter of concern and the reason that China has been able to "rape" US for decades.

So when you are trying to make a point about China's SOE, don't forget China's SOE, for all its faults, is the "ATM" of China's social security system, and the reason you can enjoy 4G connection in every corner of China, and the reason that you can hoop onto a HSR train to go to any major city without paying an arm and leg.

China's SOE is what made China special in the world and feared among competitors.

 

[Dungeness]

You seriously think it's that simple and money (or economic efficiency in this context) drops from the sky?

The average Chinese is indirectly subsidizing these things through high property prices. I'm sure you know the property prices in the first-tier cities.

I'd rather see my tax dollar funding 4G towers in the most remote villages and HSR than funding 1% and foreign wars.

 

[Song Hong]

This Mista chap is intoxicated by Singapore econs 101 textbook from very young.

If this guy is incharge, everyone in remote Tibetan villages will remain dirt poor, and forced to peddle their woman. They will have no access to power, internet, phone, healthcare and electricity.

Right now, every single village in China have 4G. And this guy will say it is waste of tax payer money.

Then toxic economists will come analyze and write a book saying people are poor because they are stupid and lazy, and get rewarded a Nobel prize.

I'd rather see my tax dollar funding 4G towers in the most remote villages and HSR than funding 1% and foreign wars.

 

[beijingwalker]

I see massive highways, subways, highspeed railways springing up all across every corner of China, I see great improvent for our schools, hospitals, airports, libraries.. all those things make my life very convenient and comfortable, directly improved my quality of life personally, so I m pretty happy to see my tax dollars being spent on them.

 

[Song Hong]

There are many places is USA without 4G. And more places with 4G but lousy coverage. And toxic economists will say that is an achievement.

In China, every village has 4G. Even Mount Qomolangma has 4G. Western economists are cursing this advancement.

I see massive highways, subways, highspeed railways springing up all across every corner of China, I see great improvent for our schools, hospitals, airports, libraries.. all those things make my life very convenient and comfortable, directly improved my quality of life personally, so I m pretty happy to see my tax dollars being spent on them.

 

[Mista]

I'd rather see my tax dollar funding 4G towers in the most remote villages and HSR than funding 1% and foreign wars.

The US is a bad model as well, why are you comparing to the US? You don't have to cut taxes for the rich and have an over bloated military.

Your original claim is that the infrastructure in China doesn't cost 'an arm and leg', which I pointed out isn't true.

 

[beijingwalker]

There are many places is USA without 4G. And more places with 4G but lousy coverage. And toxic economists will say that is an achievement.

In China, every village has 4G. Even Mount Qomolangma has 4G. Western economists are cursing this advancement.

See Taiwan TV report, Tibet has full 4 G coverage, almost all transactions are made through cellphones, even remotest places over 4000 meters high have good 4G coverage, those Taiwanese reporters were amazed big time, but in the video they do also complain that local Tibetans try to rip off tourists.

The US is a bad model as well, why are you comparing to the US? You don't have to cut taxes for the rich and have an over bloated military.

Your original claim is that the infrastructure in China doesn't cost 'an arm and leg', which I pointed out isn't true.

How much is " an arm and a leg"? China sits around with so many money now she has to go around the world to find places to invest or lend them.

 

[Song Hong]

4G is main driver of Alipay and Wechat pay -- in Tibet, and everywhere in China.

Even USA and Singapore are backward in mobile payment.

See Taiwan TV report, Tibet has full 4 G coverage, almost all transactions are made through cellphones, even remotest places over 4000 meters high have good 4G coverage, those Taiwanese reporters were amazed big time, but in the video they do also complain that local Tibetans try to rip off tourists.

 

[Mista]

This Mista chap is intoxicated by Singapore econs 101 textbook from very young.

I know you're a clone of Lux de Veritas and Yingluck who got banned. Your post history and language used are exactly the same. You're a false-flagger Singaporean who's pro-communist and a Chinese race chauvinist who look at Mao's China for inspiration.

Thank God that Lee Kuan Yew destroyed your political faction back in the 1960s and we have today's Singapore, or we could've been a Cambodia or Laos. And fortunately Deng was pragmatic and abandoned Communism and embrace market reforms after visiting Singapore.

https://defence.pk/pdf/threads/mala...-to-learn-chinese.582811/page-3#post-10881185

 

[Song Hong]

You are misguided in your mind.

I know you're a clone of Lux de Veritas and Yingluck which got banned. Your post history and language used are exactly the same. You're a false-flagger Singaporean who's pro-communist and a Chinese race chauvinist who look at Mao's China for inspiration.

Thank God that Lee Kuan Yew destroyed your political faction back in the 1960s and we have today's Singapore, or we could've been a Cambodia or Laos. And fortunately Deng was pragmatic and abandoned Communism and embrace market reforms after visiting Singapore.

https://defence.pk/pdf/threads/mala...-to-learn-chinese.582811/page-3#post-10881185