china is not state capitalism. there is a very crucial distinction between state capitalism and socialism.
in state capitalism, the state guides large companies, like how Japan guided Sony and Korea guided Samsung.
in socialism, the state owns the large companies outright.
no offense to germans, but we have surpassed them in many areas such as supercomputing, naval engineering and photonics.
quality =/= high tech. something can be high tech in concept but poorly executed, and something can be low tech (a purse, a spoon) but high quality.
ok, so the investment rate is 20%. That's not 50%.
what is consumed can never be saved. the investment rate is the savings rate, that is the definition of savings.
If you throw yourself in front of a bullet train, don't be surprised when it crushes you into pieces.
And the worst thing to do is throw yourself in front, dance around, pull down your pants and laugh at the driver.
How about "boy killed by string in accident"?
We have no starvation in China. In fact, Chinese eat some of the most in the world. There are more pigs in China than in the other top 40 countries combined.
what a joke, this guy isn't worth a shilling and he has lost his clients millions of dollars by advising to short copper last year.
china's net exports were a drag on growth, not a gain. lmao. this guy knows nothing.
If we refuse to comply with this ruling there is nothing they can do about it.
Even if we abide by this ruling there's lots of things we can do such as constant Ministry of Labor checks for payment irregularities and overtime, constant State Environmental Protection Agency checks for signs of...
I know that India for a fact has at least 15% exports, so the maximum that consumer spending could be is 35: lower than China's percentage, much lower in absolute terms.
india has big consumption because it has alot of peasants who make only enough money to survive, thus they have near 100% income consumption.
South Korea under Japanese rule had 95% consumption.
Merkel needs to stop projecting her insecurities into international affairs.
She needs to feel no guilt about Nazis, WW2, communism, whatever. But she apparently does not understand that.
US should stick with North America then, but that doesn't happen.
We need a nuclear deterrent such that no one would ever even think of using nukes against China. The US still talks about nuking China, because some hardline neocons think that the US can afford a 50% reduction in population and...