China’s steel output at 1.05 billion t for 2020, accounts for 58% of the global steel output

[Viet]

Most Silk Road countries would love to have China's infrastructure. Whatever China can do to get them there is welcome.

Yes 100 pct wants China’s infra. But there is a problem 99 pct can’t afford it. Look at Singapore. Even as one of the most richest on earth cannot. How can other?
China’s infra is too expensive costing more money than you can say “hey I want to have it too”.

 

[KurtisBrian]

That's why I keep saying that the world has never known an industrial power like China. This is why the world has already significantly shifted to the East yet many White men, like Trump, still think its the 1950s. The US was able to maintain dominance not because of "muh democracy" but because it was the world's greatest industrial power, had the most capacity, had the most vibrant economy, etc.

China is now the world's largest industrial power and has by far the greatest capacity, the greatest capability to mobilize resources in case of crisis and has by far the most vibrant economy. The world has massively shifted and this trend will continue.

Does being a laborer at a steel foundry automatically = a good life? China produces lots of stuff. Robots produce stuff. Do robots have great lives?
If China was great, people would flood into China. Since they are not, China must NOT be great. Even the Chinese leave China for, supposedly, in decline and terrible USA.

 

[tower9]

Does being a laborer at a steel foundry automatically = a good life? China produces lots of stuff. Robots produce stuff. Do robots have great lives?
If China was great, people would flood into China. Since they are not, China must NOT be great. Even the Chinese leave China for, supposedly, in decline and terrible USA.

China’s living standards are rising though obviously coming from a much lower base. It’s following the trends that Japan and South Korea experienced. Plenty of foreigners are going into China. But it still has a selective immigration policy.

this is irrelevant to my point.

 

[aryobarzan]

China’s living standards are rising though obviously coming from a much lower base. It’s following the trends that Japan and South Korea experienced. Plenty of foreigners are going into China. But it still has a selective immigration policy.

this is irrelevant to my point.

After WWII the only industrualuzed country on earth that was not destroyed was the United State. they had 30 year head start to any one else and they used it well.Now they have to compete like any one else..they can not so they try to slow down every one with stupid sanctions and wars...it is not working...all they can do make MAGA hats now..lol

 

[tower9]

After WWII the only industrualuzed country on earth that was not destroyed was the United State. they had 30 year head start to any one else and they used it well.Now they have to compete like any one else..they can not so they try to slow down every one with stupid sanctions and wars...it is not working...all they can do make MAGA hats now..lol

That’s exactly what’s happening.

 

[beijingwalker]

US used to be the global dominant industrial power after UK gave it up, now US gave it up.

 

[TaiShang]

That’s why Xi Jingping invented Silk Road. He wants to dump chinese steel surplus into other countries.

BRI is as much about imports, as it is about exports. Trains leaving China are not coming back empty.

That's why I keep saying that the world has never known an industrial power like China. This is why the world has already significantly shifted to the East yet many White men, like Trump, still think its the 1950s. The US was able to maintain dominance not because of "muh democracy" but because it was the world's greatest industrial power, had the most capacity, had the most vibrant economy, etc.

China is now the world's largest industrial power and has by far the greatest capacity, the greatest capability to mobilize resources in case of crisis and has by far the most vibrant economy. The world has massively shifted and this trend will continue.

Manufacturing power is the greatest form of democracy.

Yes 100 pct wants China’s infra. But there is a problem 99 pct can’t afford it. Look at Singapore. Even as one of the most richest on earth cannot. How can other?
China’s infra is too expensive costing more money than you can say “hey I want to have it too”.

Infra is always costly. But it pays a lot of externalities. EuroStar HSR is in debt. But, the benefits it provides cannot be simply reduced to corporate profitability.

 

[KurtisBrian]

US used to be the global dominant industrial power after UK gave it up, now US gave it up.

Actually everything in the USA was stolen by those Israeli/NYC/CHIcago financiers. Financiers would also always include the Dutch (London/Amsterdam), the Vatican and Swiss. Chinese men with their RED flag and RED communism of fire and Drumpf with his RED MAGMA hat of fire will be good at heating up the world and burning it....scorched earth...like the movies Oblivion, Matrix, Star Wars, Judge Dredd, and the tv shows V and Buck Rogers.

 

[Viet]

BRI is as much about imports, as it is about exports. Trains leaving China are not coming back empty.


Manufacturing power is the greatest form of democracy.


Infra is always costly. But it pays a lot of externalities. EuroStar HSR is in debt. But, the benefits it provides cannot be simply reduced to corporate profitability.

Bad comparison
Eurostar is used by rich countries UK and France. Chinese infra is sold to developing countries aka poorer nations. 90 pct or higher can’t afford it.
Worst, the infra is built on debts. The returns on investment is negative.

 

[beijingwalker]

Bad comparison
Eurostar is used by rich countries UK and France. Chinese infra is sold to developing countries aka poorer nations. 90 pct or higher can’t afford it.
Worst, the infra is built on debts. The returns on investment is negative.

The return is very positive, it helps boost the overal business activities all over China and makes manufacturing and logistic transportation very cheap hence strengths the competitiveness of the products greatly.

 

[TaiShang]

Does being a laborer at a steel foundry automatically = a good life? China produces lots of stuff. Robots produce stuff. Do robots have great lives?
If China was great, people would flood into China. Since they are not, China must NOT be great. Even the Chinese leave China for, supposedly, in decline and terrible USA.

Bad comparison
Eurostar is used by rich countries UK and France. Chinese infra is sold to developing countries aka poorer nations. 90 pct or higher can’t afford it.
Worst, the infra is built on debts. The returns on investment is negative.

It happens infra in rich countries was developed when they were on the road being rich.

You do not develop first and then build infra. If you do so, you become India.

 

[GS Zhou]

Infra building is always better done when you are still a poor country, because the major cost items, e.g. land and labor, is still very cheap. You think "it's better wait for some time until I have the savings for this project"; sorry, when you achieve your saving target, the new cost by that moment will be much higher than the original plan, because land and labor cost turns much more expensive than before.

 

[beijingwalker]

Infra building is always better done when you are still a poor country, because the major cost items, e.g. land and labor, is still very cheap. You think "it's better wait for some time until I have the savings for this project"; sorry, when you achieve your saving target, the new cost by that moment will be much higher than the original plan, because land and labor cost turns much more expensive than before.

Exactly, India may seem to have more money than 20 years ago, but the infra remains the same forever cause the cost also goes up way beyond their economic growth.

 

[GS Zhou]

Worst, the infra is built on debts. The returns on investment is negative.

Take the Shanghai inner ring elevated roads as the example. It is a RMB 4 billion investment, using the loan from the World Bank, i.e. infra that built on debts. Its construction started in 1993. The inner ring road looks nothing special today, but it was indeed a huge investment to Shanghai back to mid 1990s'. At that time, Shanghai's fiscal budget surplus a year was about RMB 200 million; i.e. the investment on the inner ring road alone is equivalent to 20 years of the fiscal surplus. And return of the investment? There was almost no private cars in Shanghai back to 1993, even the road on the ground was empty, why we need another road that is above the ground?

But today, every one that has the experience to drive on the inner ring in the day time will immediately complain that, why this fxxking road could not be 4 or 5 lane wide, but only 2-lane in the width?

Inner Ring Road (Shanghai) - Wikipedia

en.wikipedia.org

 

[TaiShang]

Take the Shanghai inner ring elevated roads as the example. It is a RMB 4 billion investment, using the loan from the World Bank, i.e. infra that built on debts. Its construction started in 1993. The inner ring road looks nothing special today, but it was indeed a huge investment to Shanghai back to mid 1990s'. At that time, Shanghai's fiscal budget surplus a year was about RMB 200 million; i.e. the investment on the inner ring road alone is equivalent to 20 years of the fiscal surplus. And return of the investment? There was almost no private cars in Shanghai back to 1993, even the road on the ground was empty, why we need another road that is above the ground?

But today, every one that has the experience to drive on the inner ring in the day time will immediately complain that, why this fxxking road could not be 4 or 5 lane wide, but only 2-lane in the width?

Inner Ring Road (Shanghai) - Wikipedia

en.wikipedia.org

Development is a long-term vision. Those populist, myopic governments cannot see that far.

Lucky for Vietnam, it is run by VCP.

Hopefully, VCP won't allow fifth-column inflitrations.