Top kek. Blown the fuck out.
THE BUBBLE HAS POPPED
THE BUBBLE HAS FINALLY POPPED
lets face it: chine WILL get into huge trouble sooner or later. its inevitable.
and that means shit WILL hit the fan.
because they need AT LEAST 10% of annually economical growth or the 1.5 billion chinks will chink out.
writing this and being a germon - there is no hope left over.
>because they need AT LEAST 10% of annually economical growth or the 1.5 billion chinks will chink out.
Yeah, no. It will never be a 1.5 billion chink out. If shit ever hits the fan, it will be a civil war. A shit load of people are hardcore party loyalists and will never go against it. You'd end up with the poor vs the middle class/party.
>A shit load of people are hardcore party loyalists and will never go against it.
The chinks i spoke to are kind of pragmatic when it comes to their government...
They said as long as they stand for economic growth all the very huge downsides are kind of accepted. But when they begin to struggle with their main task...
We had the gommies in eastern germoney and the people in western germoney actually thought the eastern were very loyal to their government. Well - they were not. Not at all.
Also hold in mind that a lot of things we see/hear/read from china is not from "the people" or "free press" (whatever that would be in the end).
What's going on here?
NETOUYO(too patriotic japanese) like you are always about Korea.
Not Russia. I don't think this will stop them for long. Just slow them down. Every country has had a recession in the last few years, now its Chinas turn. Hopefully it doesn't affect us too much
To anyone who doesn't understand the image:
China has slowly been devaluing their currency over the past year, since the government regulates the value and has been previously overvaluing the renminbi.
As such, investors in China have scrambled to pull their money out of China since it's becoming worth less.
Today there was such a fast drop in the Chinese market that trading was closed off and has caused even greater concerns about the security of future Chinese investments.
Well that's difficult.
China is straddling a dangerous line, they want to liberalize their trade in order to increase their trade with the US and open up trading oppurtunities in Europe and Africa in order to become more competitive.
At the same time they don't want the risks that go along with liberal trade, they don't want to worry about the volatility of a free-market or have to be dependent on US buyers for their goods.
So really, it's the next generation of Chinese that will have to decide whether to stick to the Maoist belief of state-regulated economy, or whether to do away with the communist pretense, like they've been moving towards since 1978.
Either way, the Chinese economy is about to start slowing, they've been over-spending, over-valuing and over-expecting for far too long, we're likely going to see their growth drop from it's break-neck 8%, to a 3 or 4% in the next 10 years. Their housing market in particular is going to be a problem, they're going to have a bad bubble issue, almost like the 2008 US housing crash.
How they're going to handle competing against automated markets is what's going to be really interesting, they're either going to have to rely on a human industry and become less competitive, or switch to automation and have a mass-unemployment problem.
>implying economy matters
Just you wait till china unveils their 1,000,000 strong repertoire of knock-off American jets they've been building behind the scene.
China stronk. The US is finished.
Not fucked, but they're not going to be the big USA-killer that everyone has hyped them up to be.
Essentially it's Chinese stockholders who are fucked, but the country itself will be fine.
China's shit hitting the fan will be a major blow to us and to Oz wont it? They're our main trading partner and I'd expect a huge wave of immigrants since all of them seem to be buying up our property as an exit strategy
Machines work 24/7, with no fatigue, no breaks, no quality loss, and no entitlements.
If a nation like Japan can produce quality goods for a fraction of the cost, at a much more consistent rate, then China will be forced to do the same to remain competitive.
Machines are simply better at labour than humans are, even in a country like China that has a lot of people. Them remaining un-automated would be liked trying to plough a field with a shovel while your neighbour uses a tractor.
So, how many more drops are we going to see? Haven't these cut-offs been happening all week?
I haven't been paying attention. Economics are so depressing. The RMB is still valued higher in relationship to the NOK than ever before.
The Tibetans fight by setting themselves on fire. And has there really been any trouble there in recent years?
Xinjiang only has slightly more Uyghurs than Han Chinese, and in case of an armed rebellion I'm pretty sure that the authorities could keep it in check. And even if both of those regions were to separate, the rest of China would still have more than 1.3 billion inhabitants.
>Machines work 24/7
I wrote slaves, not slave
Actually they need to be shut down periodicaly for maintenance ir even cooling in some cases.
They don't take breaks, they do break
>no quality loss
Machines age too, they need to be recalibrated
Okay, I give you that.
>or switch to automation and have a mass-unemployment problem.
automation is already happening ,lots of jobs going back West and a lot more going to arrive
there are countries with better fiscal policies,laws and better economic and legal envinronment for companies,manufacturers and such in Europe
Everyone currently producing in 3rd world countries will either move back to the West or to a poorer 3rd world country
the chinese switching to automation would be too late,even if they do,the huge masses of useless chinks will have to live on government pity till new jobs based on manual labor of creating medium to high quality goods (high quality hand-made stuff that machines can't add that much complexity )
Tbh me and most people I know go out of our way to buy non-chinese goods and avoid anything that has chinese involved,including phone services or buying an apartment from a chinese made building and it keeps trending
chinese made buildings are 60% empty even after 9 years from building them and placing them in good neighourhoods or in cheap "edge" of the town places
>Machines work 24/7, with no fatigue, no breaks, no quality loss, and no entitlements.
You have to take repairs and depreciation into account though alongside issues like unemployment.