On the other hadn the US Navy admitted that they had instances of last second intercepts of Houthi missiles that got through to the last line of ship defences. A limited number of older iranian missiles managing that doesnt bode well for the carrrier group against an order of magnitude more modern chineae missilies
geikei
First of all China's average Monthly Money supply has more trippled in the last decade. I agree it must pick up but its by no means sluggish.
The real issue rn is the sluggish credit cycle. Who is generating the debt that drives the exponential increase in money circulation that you want now that you (China) are killing land finance. What is the asset base backstopping financial activity that goes hand in hand with that money generation now that land is not the fulcrum? Helicopter money drops still require central bank operations to issue a ledger, aka debt. No market economy has a choice on this matter. You either generate collateralized asset to drive money circulation or you don’t have a market economy. China right now is a market economy through and through. The USSR in the 30s and 40s ? Orders of magnitude less so. A weakness to that comparison to keep in mind
So, one should think of land sales in the Chinese economy the same way one thinks of Treasury Bills in the US economy. T Bills are the US’s unique magic sauce. That’s what the US economy discovered when FDR made war bonds go BRR. Capital formation is whatever collateral you can issue as a promise for future repayment. It doesn’t need to be land. China is trying to shift the basis of capital formation from land sales to more abstract financial instruments but it cant happen overnight. What is needed is a new ,mature, credit generation mechanism that fits China's current state of development,administrative capacity and local finances.
Details MUST be very ironed out before attempting such expansions. Sure China is attempting to develop their bond market for example and is slowly itching twoards tax reforms but its not nearly there to support what you are advocating. Comparing it with a mid 30s NON capitalist, non market, massively planned and non globalized /financialized to the slightest USSR economy (with completely different resources and demographics as well as regional disparities and levels of development) doesnt help. Until local finances are sufficiently unlinked from land sales and the bond markets and tax system are sufficiently mature and reformed what you are saying cant happen. Restructuring must come first before any large monetary expansion but also happen slow and controled enough to not cause a bigger crisis. A delicate balance but one that China is walking at the momment quite efficiently
Many chinese economies advocate (more conservatively) for the direction you describe ,even before and during this plenum. The holdup is in the details of what the specific circulation and dept generation mechanisms will be and how they should work, how to steer them to the right kinds of activities and behaviors, use of credit, resources mobilised, the system’s turnover velocity etc
A Chinese EV sold in the EU has a profit margin of 10 TIMES the same EV model sold domestically in China
I imagine you are refering to this cause this is the only "10 time profit margin" thing i have come across
Im gonna link this long breakdown of someone that seems to know way more than i (or you i assume) that argues that this figure from this particular research research that, while interesting, understates the amount of variable profit per incremental vehicle sold in China by a notable margin(25%, not 6%). That Incremental onshore profit for each BYD Seal would be €5,395, not €1,306 and also that it overstates the profit margin per unit in Europe by ignoring some additional costs .
Here https://x.com/GlennLuk/status/1809563664615198784
Overall this would mean that European markets , while important, arent nearly a "lifeline" for Chinese EVs and that the vast majority of profit is and will be made in domestic sales and in sales in SEA and 10-20k GDP per capita countries. European automakers are dependent from the Chinese market way way more than Chinese EV makers ever will from the EU market. Let alone the US that isnt a relevant market in the first place.
Im not in the lgbt community and of you are i understand your anger and wont say you are wrong. I just think that since that social conservativism in large part has it roots both in colonialism and in the subsequent economic underdeveloped under the global imperialist western regime i cant be too vindictive towrards them as individuals. I laid out how i think things can get better and thats where my comment comes from
I didnt say that it shouldnt have been in the opening ceremony. Im just considering the sad reality of that with the way world politics and contradictions and media works it may very well be a net negative for the progress of lgbt rights worldwide, not in a conspirational short of way .Tho its not that serious on its own.
Wether you think its good that it happened depens on how you judge such think and how much weight you give on weighting such performances in such an event as a natural and organic manifestation of lgbt acceptance and progress in the west that reflects their values against more more opportunistic and performative rainbow capitalist stuff
Being queer should be apolitical and universal. Im describing the existing reality where the struggle for lgbt rights and acceptance isnt . And im stating my opinion on whether performances in such an events a net positive in a context of the current poltical world climate and domestic movements.
An absolute shitton of people in non western countries dont support lgbt rights and as i said this social conservativism its often 19th and 20th century colonial import. 100s of millions if not billions shouldnt be thrown in gulags for their social conservativism. Their countries should be given a chance of geniune non neoliberal economic devlopment and the social changes that comes with and the betterment of lgbt rights and acceptance movements should come from the, admittedly gradual and grueling, natural struggle of domestic organic movements and groups.
At least thats my belief. To this end the more LGBT acceptance is conflated with western and neoliberal cultural hegemony and the more westerm capital, ngos and government pretent to be the moral crusaders of such causes on the world stage the worse in my opinion. I think i gave enough detail on how thay plays out in regard to the topic in my original comment
When Nick Mullen pinned an Avengers Engame spoilers post and a ton of capeshit enjoyers had a meltdown in the comments
tbf based on other comments they seem to have also visited Tier 2 and Tier 3 cities which in their own right are seeing faster development and are as impressive as a lot of well functioning European cities. So the overall impression is somewhat representative of the lives of more people than the populations of the US or the EU
Hey now OP probably wants all the girl and queer comrades to be ripped and veiny as well
One the one hand it would be very cool if she wins. On the other hand her opponent is a Chinese Boxer and since the final Gold medal count of US vs China will be very close so every Chinese Gold gets us closer to some first grade US copium