The Strategic Issues & International Relations Forum is a venue to discuss issues pertaining to India's security environment, her strategic outlook on global affairs and as well as the effect of international relations in the Indian Subcontinent. We request members to kindly stay within the mandate of this forum and keep their exchanges of views, on a civilised level, however vehemently any disagreement may be felt. All feedback regarding forum usage may be sent to the moderators using the Feedback Form or by clicking the Report Post Icon in any objectionable post for proper action. Please note that the views expressed by the Members and Moderators on these discussion boards are that of the individuals only and do not reflect the official policy or view of the Bharat-Rakshak.com Website. Copyright Violation is strictly prohibited and may result in revocation of your posting rights - please read the FAQ for full details. Users must also abide by the Forum Guidelines at all times.
A_Gupta wrote: ↑21 Feb 2024 09:10
> And don’t forget that US has the largest debt in the world which is 130% of its GDP.
No, Japan and Italy exceed the US in the major economies.
No US has over $35 T in debt whereas Japan and Italy has $8.6T and $3.1T respectively.
> Has actual productivity increased or it’s just mostly inflation?
Actual productivity.
I would like to see that data pls. This is what I have:
In the manufacturing sector, productivity decreased 0.8 percent in 2023, reflecting a decrease in output of 0.5 percent and an increase in hours of 0.3 percent. Manufacturing unit labor costs increased 5.5 percent in 2023, as hourly compensation increased 4.7 percent while productivity decreased 0.8 percent.
2. The employment numbers are always revised. This time the expectation is that it will be revised downwards.
3. Unemployment numbers do *NOT* count people who have given up on finding employment <- this is the biggest US Shanghai statistics.
4. Productivity growth vs. productivity improvement? Automating a process leads to productivity improvement, but is a one time and does not lead to sustained productivity growth. And AI is not going to get us there any time soon.
Chinese economy is in dumps. Even US Economy. We should have a thread on US Economy Stress Watch.
Twitter thread with the hashtag #TheOtherChina, running since Sep 2018.
Basically a chronicle of the warning signs pertaining to Chinese economy. Might be a useful resource for those interested. Link
Another Chinese property giant facing crisis:
Embattled China property giant Country Garden faces liquidation petition
Looks like this has slipped under the radar
Multiple markers showing slowing down or rather clamping down of Dragon's Breath!!
Will 2024 mark a key event
There was once a time when American CEOs looked to China as a land of opportunity. That time may be long gone.
International HR Experts - Global HR Management
International HR Experts - Global HR Management
Ad
Globalization Partners
After years of ascending growth, some of the most powerful US tech corporations have started to slide hard and fast in the world's second-largest economy amid the new reality of doing business there.
Beijing has endorsed uber-nationalism. In turn, sentiment toward Western business has soured. That's especially so as domestic companies have stepped up as viable alternatives. And it's all created a dangerous race to the bottom to win over consumers.
It's no wonder US companies that once banked on this being the "Chinese century" are having to learn a very painful lesson about doing business in China.
When Premier Li Qiang set out China's 5% annual growth target at the start of the National People's Congress this month, it became clear how vital technology would be in driving that forward.
That means Beijing is expected to play a more active role in catalyzing the growth of its domestic tech sector — and squeezing any foreign entities that get in its way.
The Wall Street Journal reported that a directive known as Document 79 was being ramped up to push out Western companies. It asks state-owned companies in a range of sectors, such as finance and energy, to "replace foreign software in their IT systems by 2027."
Views similar to one of my advisors who are pushing the line that China is in recovery while India is late stage.
Excellent for people who manage their own investments. As the cheeni stocks get artificially boosted, exit out of mutual funds/etf's that invest primarily in Cheen and get into India specific mutual funds/ETFs.
For some of the investors, they do not have a choice. That is, 3-4 years back, there were not many India specific mutual funds or ETFs while all "international" funds invested primarily in Cheen and some in India. Now there is choice.
There is no choice if the HR is run by a cheeni or a gora/gori. All the retirement savings is invested in company picks and you do not have any choice!
I do like Rabouin's insights, but he is wrong on Cheen. Cheen is in a death spiral.
Rising unemployment in China is pushing millions of college graduates into a tough bargain, with some forced to accept low-paying work or even subsist on their parents' pensions, a plight that has created a new working class of "rotten-tail kids".
The jobless rate for the roughly 100 million Chinese youth aged 16-24 crept above 20% for the first time in April last year. When it hit an all-time high of 21.3% in June 2023, officials abruptly suspended the data series to reassess how numbers were compiled.
In 1999, China dramatically expanded the enrolment capacity of universities in a bid to produce a better educated workforce to drive its fast-growing economy.
But the supply of graduates had kept exceeding jobs, with authorities expressing concern in 2007 over job availability, an issue that receded but never fully faded as more youth armed with degrees entered the market.
Rising unemployment in China is pushing millions of college graduates into a tough bargain, with some forced to accept low-paying work or even subsist on their parents' pensions, a plight that has created a new working class of "rotten-tail kids".
In 1999, China dramatically expanded the enrolment capacity of universities in a bid to produce a better educated workforce to drive its fast-growing economy.
But the supply of graduates had kept exceeding jobs, with authorities expressing concern in 2007 over job availability, an issue that receded but never fully faded as more youth armed with degrees entered the market.
[/quote]
What are the lessons here, I see India on same trajectory
Mass loot!!! This time in China.
Location: Zhecheng County, Shangqiu City, Henan Province, China
Apparently many public institutions in Henan Province haven't been able to pay salaries for 8-9 months, confirms Jennifer Zheng.
Social Unrest in China, afoot