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Politics China's Economy and Politics
- Thread starter Picanha
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Singapore, South Korea and Japan might want to disagree with you.
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Its debatable if it works in the long run. I think not, at least not when in competition with free market economies.
SK and JPN changed their political model eventually.
Only Singapore remains authoritarian.
Wiki quotes:
Political scientists disagree on the long-run sustainability of authoritarian capitalism, with arguments both for and against the long-term viability of political repression alongside a capitalist free-market economic system.
Regardless of this, Singapore is considered as an exception in regards to its stability, with Daniel W. Drezner stating that "with the exception of Singapore, this model has never worked over the long run".[1]
"There's no question that China is an attractive model for autocrats who would like to be able to pursue economic growth without losing control of the levers of power".[2]
Observers wonder whether authoritarian capitalist regimes can endure. Reporter Joseph Kurlantzick and political scientist Yuen Yuen Ang state that China is unable to fully use the entrepreneurial elements needed to drive future growth if it maintains authoritarian control.[17] As Ang writes in Foreign Affairs, "[t]o achieve this kind of growth, the government must release and channel the immense creative potential of civil society, which would necessitate greater freedom of expression, more public participation, and less state intervention".[18
But China now also adds command economy measures and has the fear problem of the local CCP authorities leading to wrong data. And it fears losing power all the time. Singapore is just to small to be exemplative
I'm sceptical this will ever work.
en.wikipedia.org
Edit: It works out for them because of free trade. They essentially leech on other economies. Much of its economic growth is directly related to access of foreign markets or attracting investions (China).
They operate in a global environment offering possibilities their models would never create if all countries where authoritarian capitalists.
SK and JPN changed their political model eventually.
Only Singapore remains authoritarian.
Wiki quotes:
Political scientists disagree on the long-run sustainability of authoritarian capitalism, with arguments both for and against the long-term viability of political repression alongside a capitalist free-market economic system.
Regardless of this, Singapore is considered as an exception in regards to its stability, with Daniel W. Drezner stating that "with the exception of Singapore, this model has never worked over the long run".[1]
"There's no question that China is an attractive model for autocrats who would like to be able to pursue economic growth without losing control of the levers of power".[2]
Observers wonder whether authoritarian capitalist regimes can endure. Reporter Joseph Kurlantzick and political scientist Yuen Yuen Ang state that China is unable to fully use the entrepreneurial elements needed to drive future growth if it maintains authoritarian control.[17] As Ang writes in Foreign Affairs, "[t]o achieve this kind of growth, the government must release and channel the immense creative potential of civil society, which would necessitate greater freedom of expression, more public participation, and less state intervention".[18
But China now also adds command economy measures and has the fear problem of the local CCP authorities leading to wrong data. And it fears losing power all the time. Singapore is just to small to be exemplative
I'm sceptical this will ever work.
Authoritarian capitalism - Wikipedia
Edit: It works out for them because of free trade. They essentially leech on other economies. Much of its economic growth is directly related to access of foreign markets or attracting investions (China).
They operate in a global environment offering possibilities their models would never create if all countries where authoritarian capitalists.
Last edited:
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China NOW needs coal as world scrambles to Australian commodities
China is now desperate for Australian coal - a year after it refused to allow ships to unload. India is also suffering an energy crisis as Europe approaches a northern hemisphere winter.
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Beyond Evergrande, China’s Property Market Faces a $5 Trillion Reckoning
Developers have run up huge debts. Now sales are down, Beijing is imposing borrowing curbs, buyers are balking at prices, and even demographics are looking dimmer. The government is trying to address the situation without damaging the economy.
www.wsj.com
Remember when Obama's Gheitner pleading with China to assist Dimon and co in the first financial crisis. Now Blinkins doing the same. Except the roll has reversed.
Before it was Dimon and co the cause now its Chinese copies of Dimon and co the cause and the real Dimon and co need their bonds back. A chain of lending . China lent it to Dimon and co. Dimon and co lent it to China and China instead of copying the US, China doesn't bail them out.
Perhaps the first original thing they have some in some time.
Before it was Dimon and co the cause now its Chinese copies of Dimon and co the cause and the real Dimon and co need their bonds back. A chain of lending . China lent it to Dimon and co. Dimon and co lent it to China and China instead of copying the US, China doesn't bail them out.
Perhaps the first original thing they have some in some time.
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Which assets do you mean? The CCP has financed these potemkin villages from the beginning knowing this props up GDP. As I see it there are only ruins and debt left.
They can only solve this if its not a structural problem, which I fear it is. Probably not only in this area. But thats the inherent problem of wanting to plan everything and command around people mixed with law less capitalism.
This is not sensible business:
They can only solve this if its not a structural problem, which I fear it is. Probably not only in this area. But thats the inherent problem of wanting to plan everything and command around people mixed with law less capitalism.
This is not sensible business:
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Acres of unusable cement hardly qualifies as "asset".
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Assets @market value.
CCP not behaving like a jolly descent modern day capitalist citizen funded bailout. Save the bondholders!
Investment funds that own the bonds have been seeking to understand their options, and are talking to various lawyers and advisers. Over the past week, some U.S. asset management executives have informally reached out to their contacts in the Chinese government, hoping to better understand Beijing’s end-goal for Evergrande and figure out their next steps, said a person familiar with the matter.
CCP not behaving like a jolly descent modern day capitalist citizen funded bailout. Save the bondholders!
Investment funds that own the bonds have been seeking to understand their options, and are talking to various lawyers and advisers. Over the past week, some U.S. asset management executives have informally reached out to their contacts in the Chinese government, hoping to better understand Beijing’s end-goal for Evergrande and figure out their next steps, said a person familiar with the matter.
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Those ghost cities you guys keep harping on, has already been disproven. A lot of those ghost cities are actually functioning cities now. Why you see them has a lot to do with tax incentives and the rules in China that when you buy land you must build on it as soon as possible. Hence you see those.
Pudong used to be the main ghost city featured and if you land in Pudong now its a highly functioning city.
Do they have a construction bubble? Sure, almost everywhere in Asia there is a construction bubble. People see condos as investments here and hence buy up these S**t boxes. MOst nations here dont have a 401K or retirement plan so money goes to condos or properties.
Going back to China, Shanghai and the wealthy are an emerging power source in China and Beijing and the CCP sees this as a threat and thats why they are teaching the wealthy as a lesson. The ones you are seeing now. Most new airlines in Cambodia and other shitholes are funded by the wealthy Chinese trying to store money away from the eyes of the CCP so they dont get hammered.
Pudong used to be the main ghost city featured and if you land in Pudong now its a highly functioning city.
Do they have a construction bubble? Sure, almost everywhere in Asia there is a construction bubble. People see condos as investments here and hence buy up these S**t boxes. MOst nations here dont have a 401K or retirement plan so money goes to condos or properties.
Going back to China, Shanghai and the wealthy are an emerging power source in China and Beijing and the CCP sees this as a threat and thats why they are teaching the wealthy as a lesson. The ones you are seeing now. Most new airlines in Cambodia and other shitholes are funded by the wealthy Chinese trying to store money away from the eyes of the CCP so they dont get hammered.
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Yahoo Singapore | News, Finance and Lifestyle
Go beyond news and email. Get finance, lifestyle and other fresh content daily. See now.
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I largely agree, but expect China to have a medium sized stumble at some stage, which risks external adventure by China.
Another complimentary reason is building future accommodation in proximity to future jobs en masse without the usual western challenges around eminent domain.
Widget factories go here, accommodation goes there.
It’s cheaper to have accommodation sitting empty for a bit than factories with significant specialist infrastructure costs.
You can have it good, quick, cheap……pick one.
Getting a billion+ people out of extreme poverty in two generations is messy.
But far less messy and far more effective than the disastrous Great Leap Forward.
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