Deeply entrenched Western stereotypes of China as an impenetrable political system seriously blocks the capacity for engaging with China as an emerging superpower. Chinese politics needs to be scrutinised and understood to the same degree as any other advanced form of governance. The collective West in general and the US administration in particular must work to better understand the domestic political processes of the People's Republic of China (PRC); it is after all a global superpower, a nation with one-quarter of the world’s population, this alone demands a more nuanced appreciation of how power, money and influence is garnered within the PRC.
I think western stereotype serve American interest, which is imperialistic is nature. It is same fomula as how America deal with every other country. Get them to open up to American money so that they can buy up all the productive assets in the country.
'We are already seeing the absence of inflation, whihc is a reflection of very weak demand in the economy.' This is shameful conclusion! There are so many reasons behind a near-to-zero inflation (or even deflation), how can you confidently conclude that it is because of a weak demand? Maybe you can give some credit to the Chinese gov. by not recklessly increasing money supply and creating massive inflation like what the US gov. did. Or are you very proud of the massive inflation in the West in the recent years, where the majority of people suffered and their wealth was stolen by the gov.?
When Japan reached 70% of US GDP in 1980s (mostly from its forced Yen appreciation), its per capital GDP was actually much higher than US. This means Japan had little room to further improving its productivity unless there was some kind of technology revolution. And that actually happened in US, the computer, IT information, and internet revolution starting 1990s. China on the other hand is relatively low on its development level now with per capital GDP just 1/4 of US. So it has a lot of potential to increase its productivity just naturally.
Well Weijina Shan i think when you are looking at export data from china to other countries you are drawing a conclusion based on corralation but you havent effectively drawn a line based on cause. Just because other countries havr imported more from China doesnt mean that they are then re-shipping onto the US. What could just as likely happened is that imports from the Us created higher economic growth and this facilitated more consumption and greater demand that was filled by China in the local market. As the US has tightened interest rates you can see this in the Veitnam data as US imports from Vietnam have remained relatively flat but Vietnams own imports from china are collapsing. As for Hauweis chil SMIC made it using substandard processes on older DUV machines from ASML, Cannnon and Tokyo Electronic. You can see this in the massive increase in the number of DUV machine's from these companies. The process in turn in burning through silicon with a high fail rate again you can see this in the silicon impoets and finally you can see this in the Hauwei phones themselves as they are quite literally hot garbage.
Gordan Chang wrote a book 20 years ago "The Coming Collapse of China" , now China is the No.2 in GDP(currency) and No. 1 in Industrial GDP. we still see many people think China is going to collapse soon...that won't happen any time soon, and it will lead to the wrong strategy to compete with China. Same as Huawei, no matter what machine they are using, as long as it can work 99% functions like Apple, this is the victory of Huawei, before trying to defeat someone, we must respect the enemy first
@@mindpuzzle81 Vietnam import from China collapsing? Huawei phones hot garbage even though they already sold millions? Where is your data dude. By the way go back to school and brush up your English first.
Prof Shan actually showed Vietnam's export to US value is less than its import of intermediate Goods from China (because Vietnam also exports to EU and other countries). And these two measurements have been rose together. This is a much better explanation than your Chinese Import is mostly for Vietnam local consumption, not manufacturing for export to US etc. Also Vietnam's trade surplus is only about 5% of its trade volume while China has more than 10%, meaning Vietnam has lot less Value Add in this process than China. Vietnam imports intermediate Goods and adds final assembly labor and then exports. And China did the same 2-3 decades ago. You can only get out of this middle-income trap with your own high tech industries. Vietnam has none. And China has Electric Vehicle, Green Energy, High Speed Rail, Ship Building, 5G etc. And the coming revolution of AI, there are only two real players, US and China just like the Internet/Web revolution. For semi-conductor, China is going to dominate the 90% market (7, 14, 28 nm etc.). So China is increasing its competitiveness in this area dramatically, because Chinese companies' huge revenues and Western Companies loss of Chinese Market and the middle and low end of the Market. With time China eventually will catch up because West hits the Physical Limits of this technology.
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Deeply entrenched Western stereotypes of China as an impenetrable political system seriously blocks the capacity for engaging with China as an emerging superpower. Chinese politics needs to be scrutinised and understood to the same degree as any other advanced form of governance. The collective West in general and the US administration in particular must work to better understand the domestic political processes of the People's Republic of China (PRC); it is after all a global superpower, a nation with one-quarter of the world’s population, this alone demands a more nuanced appreciation of how power, money and influence is garnered within the PRC.
I think western stereotype serve American interest, which is imperialistic is nature. It is same fomula as how America deal with every other country. Get them to open up to American money so that they can buy up all the productive assets in the country.
interesting speech from Mr shan, much more uesful than the geopolitical talks I watched from this channel.
'We are already seeing the absence of inflation, whihc is a reflection of very weak demand in the economy.' This is shameful conclusion! There are so many reasons behind a near-to-zero inflation (or even deflation), how can you confidently conclude that it is because of a weak demand? Maybe you can give some credit to the Chinese gov. by not recklessly increasing money supply and creating massive inflation like what the US gov. did.
Or are you very proud of the massive inflation in the West in the recent years, where the majority of people suffered and their wealth was stolen by the gov.?
4:05 Is China isolationist? What is the guy saying?
8:20 - 9:40 I think thats not an economist talking, that's a spokeman for democracy system. That's why there were so many "ar" in your speech.
Japan and China economy is different as China continues to innovate and spend more on R&D whereas Japan has not innovated, so the growth is stuck.
. measuring everything with American yardstick it doesn't work in some places.
When Japan reached 70% of US GDP in 1980s (mostly from its forced Yen appreciation), its per capital GDP was actually much higher than US. This means Japan had little room to further improving its productivity unless there was some kind of technology revolution. And that actually happened in US, the computer, IT information, and internet revolution starting 1990s.
China on the other hand is relatively low on its development level now with per capital GDP just 1/4 of US. So it has a lot of potential to increase its productivity just naturally.
China is different from Japan.
Group great All
😂😂😂
Got screwed by South countries
夸夸其谈，让时间来打脸
😂😂😂 China has 400 nuclear arsenal n is a threat. How many do US have? 😂😂😂 Many more time threatening
😂😂😂😅
Well Weijina Shan i think when you are looking at export data from china to other countries you are drawing a conclusion based on corralation but you havent effectively drawn a line based on cause. Just because other countries havr imported more from China doesnt mean that they are then re-shipping onto the US. What could just as likely happened is that imports from the Us created higher economic growth and this facilitated more consumption and greater demand that was filled by China in the local market.
As the US has tightened interest rates you can see this in the Veitnam data as US imports from Vietnam have remained relatively flat but Vietnams own imports from china are collapsing.
As for Hauweis chil SMIC made it using substandard processes on older DUV machines from ASML, Cannnon and Tokyo Electronic. You can see this in the massive increase in the number of DUV machine's from these companies. The process in turn in burning through silicon with a high fail rate again you can see this in the silicon impoets and finally you can see this in the Hauwei phones themselves as they are quite literally hot garbage.
Gordan Chang wrote a book 20 years ago "The Coming Collapse of China" , now China is the No.2 in GDP(currency) and No. 1 in Industrial GDP. we still see many people think China is going to collapse soon...that won't happen any time soon, and it will lead to the wrong strategy to compete with China. Same as Huawei, no matter what machine they are using, as long as it can work 99% functions like Apple, this is the victory of Huawei, before trying to defeat someone, we must respect the enemy first
Another typical Zeihan Penguin.
@@snsshorts you're attack lacks substance and value perhaps you should be more considerate in your reply.
@@mindpuzzle81 Vietnam import from China collapsing? Huawei phones hot garbage even though they already sold millions? Where is your data dude. By the way go back to school and brush up your English first.
Prof Shan actually showed Vietnam's export to US value is less than its import of intermediate Goods from China (because Vietnam also exports to EU and other countries). And these two measurements have been rose together. This is a much better explanation than your Chinese Import is mostly for Vietnam local consumption, not manufacturing for export to US etc.
Also Vietnam's trade surplus is only about 5% of its trade volume while China has more than 10%, meaning Vietnam has lot less Value Add in this process than China. Vietnam imports intermediate Goods and adds final assembly labor and then exports. And China did the same 2-3 decades ago. You can only get out of this middle-income trap with your own high tech industries. Vietnam has none. And China has Electric Vehicle, Green Energy, High Speed Rail, Ship Building, 5G etc. And the coming revolution of AI, there are only two real players, US and China just like the Internet/Web revolution.
For semi-conductor, China is going to dominate the 90% market (7, 14, 28 nm etc.). So China is increasing its competitiveness in this area dramatically, because Chinese companies' huge revenues and Western Companies loss of Chinese Market and the middle and low end of the Market. With time China eventually will catch up because West hits the Physical Limits of this technology.
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