Author: wuzheyuamily

[Others] Will China bring peace to the Middle East?   [Copy link] 中文

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Post time 2018-1-4 01:40:23 |Display all floors
huaqiao Post time: 2018-1-2 02:53
GDP is not the correct measure of the standard of living because it does not consider the cost of  ...

I mean GDP at PPP - (purchasing power parity). A good formula for standard of living = Per capita GDP @ PPP divided by GINI coefficient divided by infant mortality rate,
My problem is simple: I just know better than everyone-else!

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Post time 2018-1-4 05:49:21 |Display all floors
cwdy Post time: 2018-1-2 04:20
You need to update your information, rural population of China is shrinking rapidly, and China's l ...

A nice change from a hot topic to a cold one, no longer discussing China's potential as pacifier in the Near East but suddenly talking about rural China versus urban China and how that could deliver the poor N Koreans from their tyrannical fat cat ... It's hilarious but also obvious that Chinese people's own wellbeing always comes before their peace missions abroad.

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Post time 2018-1-9 13:50:36 |Display all floors
China biggest mistake is to implement ultra cheap yuan policy in 1993-94,  (1 USD = 8.9 Yuan) to allow the China and Wall Street elite to get rich quick and easy.

Now 2018 China skilled workers and managers are higher paid than in ASEAN including Singapore, higher than Mexico, Brazil, and Eastern europe, China leaders are caught in the low wages trap.  China production  cost will only rise and China have to subsidise Chinese factory exporting goods, to prevent job losses.

Also does China allow cheaper foreigner workers from Vietnam or skilled workers from India to work to cut cost ?   Labor is the biggest component in all kind of business and affect the profitably very much. We doubt it China will open doors to foreign workers like Japan, US, France and Germany.

If Wall Street companies start procuring from Vietnam, Cambodia, India and the Phillipines, China factories will be screwed and Yuan will need to be weakened to improve China competitiveness.

By 2025, robotics and factory automation will cause millions of jobless in China. There will be very serious social unrest in China if China did not find jobs for these 100 million migrant workers going to be jobless. Not sure China leaders can handle this.

However there is already a solution to avoid disturbance caused by millions of jobless.  It is called KNOWLEDGE AND WEALTH SHARING designed by a very brilliant computer scientist living in Sillicon Valley.  He is still alive. China must get him to teach them before CIA cage him.

China leaders are not smart and intelligent enough to solve the many problems they are going to face in the future. Most are dumb and selfish, behaving like Sima Yi type charactor. ;P;P

PPP is just a fancyfooool econometrics tools.  Does it tell the true story ? Nope ?

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