A very good video on Chinese economy

[Bussard Ramjet]

A genuine must watch!

@cirr @cnleio @Shotgunner51 @Edison Chen @TaiShang @FairAndUnbiased @tranquilium

 

[TheTruth]

laugh out loud. China's economy isn't falling

 

[ChineseTiger1986]

laugh out loud. China's economy isn't falling

Well, according to them, China was already collapsing since 1949.

 

[Bussard Ramjet]

laugh out loud. China's economy isn't falling

Did you actually listen to the video?

 

[DaiViet]

Human capitals? all I see Chinese in here running around boasting about themselves while talk down about others. Example, when they were once poor starving riding bycicles now they look at bycicles and motorbike with digust views. That is human boastable, not capital.

 

[DaiViet]

300% public debt is scary. Vietnam of public debt is 61% and they put on alarm level have been trying to lower it.

China burst its azz for economy miracle growth 10% yearly in trade off sky high public debt and alarming environment pollution damage cause hundred thousands dying, imbalance gender one child policy. this only in China, where human life is less value. that reminds me of human wave strategy during war.

vietnam is little poorer but life is much easier living than china where pollution and one child policy for decade. if youre not rich in china your life is miserbly. no wonder wumao work hard on this forum, i feel them now.

 

[tranquilium]

A genuine must watch!

@cirr @cnleio @Shotgunner51 @Edison Chen @TaiShang @FairAndUnbiased @tranquilium

Okay, that is 12 minutes of my life I will never get back. You got a real obsession with the "total debt" of China. Didn't you just post one yesterday? Do I have to link the same refutation again?

Also, I got the impression this guy is not even aware that China exists until the 00s. Because if he does, he won't be making idiotic statements like 10% growth per year and "losing discipline because growth is always high" or "always expect investment return to be that high".

Yeah, Chinese growth over the past three decades averaged to about 10% growth per year, but like all normal economies, it goes through cycles of high and low. For example, the Chinese economy has two low point in the 1980s alone. (BTW, the latter one occurred at around 1989, guess what event was triggered by that economic recession)

The current economic restructuring is also hardly the first one China went through. Any Chinese member remember the SoE restructure in 1998? That one was a lot bigger than anything the Americans have seen the past half a century and you are telling someone that can pull off that one can't experiment and plan?

Basically, by "good piece to watch", you mean another video made by a crackpot that knows nothing about China, understand China through tabloid news and frankly doesn't have the least bit of understanding of Chinese mentality, governing method and economic history. I got ask, what exact was on your mind when you posted this? Because first time is just ordinary thing, twice is irritating, but tolerable. Posting three pieces of garbage back to back of each other is just plain infuriating.

Edit: I am half tempted to write up something regarding to the supposed real estate bubble or stock market bubble, their actual nature and interaction with Chinese economy and just save them into a word file. Because I got a feeling you are going to put up more pieces similar to this one within a few days.

300% public debt is scary. Vietnam of public debt is 61% and they put on alarm level have been trying to lower it.

China burst its azz for economy miracle growth 10% yearly in trade off sky high public debt and alarming environment pollution damage cause hundred thousands dying, imbalance gender one child policy. this only in China, where human life is less value. that reminds me of human wave strategy during war.

vietnam is little poorer but life is much easier living than china where pollution and one child policy for decade. if youre not rich in china your life is miserbly. no wonder wumao work hard on this forum, i feel them now.

300% is the supposed "total debt", not public debt. In comparison, US' total debt is 814% as of 2014.

 

[DaiViet]

Okay, that is 12 minutes of my life I will never get back. You got a real obsession with the "total debt" of China. Didn't you just post one yesterday? Do I have to link the same refutation again?

Also, I got the impression this guy is not even aware that China exists until the 00s. Because if he does, he won't be making idiotic statements like 10% growth per year and "losing discipline because growth is always high" or "always expect investment return to be that high".

Yeah, Chinese growth over the past three decades averaged to about 10% growth per year, but like all normal economies, it goes through cycles of high and low. For example, the Chinese economy has two low point in the 1980s alone. (BTW, the latter one occurred at around 1989, guess what event was triggered by that economic recession)

The current economic restructuring is also hardly the first one China went through. Any Chinese member remember the SoE restructure in 1998? That one was a lot bigger than anything the Americans have seen the past half a century and you are telling someone that can pull off that one can't experiment and plan?

Basically, by "good piece to watch", you mean another video made by a crackpot that knows nothing about China, understand China through tabloid news and frankly doesn't have the least bit of understanding of Chinese mentality, governing method and economic history. I got ask, what exact was on your mind when you posted this? Because first time is just ordinary thing, twice is irritating, but tolerable. Posting three pieces of garbage back to back of each other is just plain infuriating.

Edit: I am half tempted to write up something regarding to the supposed real estate bubble or stock market bubble, their actual nature and interaction with Chinese economy and just save them into a word file. Because I got a feeling you are going to put up more pieces similar to this one within a few days.



300% is the supposed "total debt", not public debt. In comparison, US' total debt is 814% as of 2014.

nope look at video U.S. debt is slightly more than 100%

 

[tranquilium]

nope look at video U.S. debt is slightly more than 100%

US public debt is slightly more than 100%, but the 300% debt figure the video referenced is for "total debt" which includes public, local, personal and corporate, hence why even though China's public debt is 41.06%, the video come up with a 300% figure.
China Government Debt to GDP | 1995-2015 | Data | Chart | Calendar
In comparison, this is the US "total debt" (it is only fair we measure everything with the same standards)
State Debt Ranking Percent GDP for 2016 - Charts
which sums up to 814% of GDP.

Edit: When I was searching this, I found something interesting. When searching China's debt to GDP on google, the websites google spits out is mostly about "total debt" and when I search US' debt to GDP, the sites are mostly about public debt. Talk about media bias.

 

[oproh]

Great, now how will I get back the minutes I wasted in watching your video.

 

[Jlaw]

Ha, I'm smart enough not to watch or click on any link made by this indian fool

 

[Bussard Ramjet]

300% public debt is scary. Vietnam of public debt is 61% and they put on alarm level have been trying to lower it.

China burst its azz for economy miracle growth 10% yearly in trade off sky high public debt and alarming environment pollution damage cause hundred thousands dying, imbalance gender one child policy. this only in China, where human life is less value. that reminds me of human wave strategy during war.

vietnam is little poorer but life is much easier living than china where pollution and one child policy for decade. if youre not rich in china your life is miserbly. no wonder wumao work hard on this forum, i feel them now.

You didn't see the video clearly. That is total debt, including household, corporate etc.

Chinese public debt is actually very low by International Standards.

Ha, I'm smart enough not to watch or click on any link made by this indian fool

@Hu Songshan @Deino

This person has been repeatedly warned not only for his trolling, and slandering. I think action should be taken for repeated slander and name calling.

US public debt is slightly more than 100%, but the 300% debt figure the video referenced is for "total debt" which includes public, local, personal and corporate, hence why even though China's public debt is 41.06%, the video come up with a 300% figure.
China Government Debt to GDP | 1995-2015 | Data | Chart | Calendar
In comparison, this is the US "total debt" (it is only fair we measure everything with the same standards)
State Debt Ranking Percent GDP for 2016 - Charts
which sums up to 814% of GDP.

Edit: When I was searching this, I found something interesting. When searching China's debt to GDP on google, the websites google spits out is mostly about "total debt" and when I search US' debt to GDP, the sites are mostly about public debt. Talk about media bias.

How does the US debt sum upto 814% of GDP?

The state debt figures that you have given me are measured relative to the GDP of the state. That is if the state GDP is a trillion dollars, and the debt is 50%, this gives the net debt as 0.5 trillion.

Hence, the net debt as a fraction of total GDP would be even lower.

You have made the mistake of adding up all the debt to GDP ratios, when you should have taken a weighted mean, weighted by the respective GDP figures of each state.

 

[Jlaw]

You didn't see the video clearly. That is total debt, including household, corporate etc.

Chinese public debt is actually very low by International Standards.



@Hu Songshan @Deino

This person has been repeatedly warned not only for his trolling, and slandering. I think action should be taken for repeated slander and name calling.



How does the US debt sum upto 814% of GDP?

The state debt figures that you have given me are measured relative to the GDP of the state. That is if the state GDP is a trillion dollars, and the debt is 50%, this gives the net debt as 0.5 trillion.

Hence, the net debt as a fraction of total GDP would be even lower.

You have made the mistake of adding up all the debt to GDP ratios, when you should have taken a weighted mean, weighted by the respective GDP figures of each state.

Don't think the moderators are fool to believe in your crap. Everyone know you love trolling on Chinese section with the same repeating "china popluation doom" and "China debt" crap from bloggers and unreliable sites.

To the mods @waz @Chak Bamu @Hu Songshan , will I be ban if I keep posting rape related threads in India section? Please be honest.

 

[Bussard Ramjet]

Don't think the moderators are fool to believe in your crap. Everyone know you love trolling on Chinese section with the same repeating "china popluation doom" and "China debt" crap from bloggers and unreliable sites.

To the mods @waz @Chak Bamu @Hu Songshan , will I be ban if I keep posting rape related threads in India section? Please be honest.

1. I never indulge in name calling or otherwise disrespectful behavior, as you do.
2. I have no problem if you raise the issue of rape in India, or crime in general, and are willing to engage respectfully.
3. You can respectfully raise the question of credibility and even point to counter arguments.
4. The only issue here is about name calling, and trying to divert the topic and thread.

 

[Sommer]

nope look at video U.S. debt is slightly more than 100%

This is only the data until 2008 and you see how the number goes. I'm not sure it will go to 800%, but not low.