How did China get to be an economic leader?
How did China get to be an economic leader?
What do you think are the reasons that China has become such an economic superpower? And where do you think it will lead?
I presume it became the way it is, not by any internal Chinese initiative, but by western manufacturers seeing that they could turn a rather large profit by closing down their western production and outsourcing to China.
Which iirc they did and got away with it for a few years before other businessmen started to catch on and introduced products in western markets at huge discounts.
Then the whole thing seemed to snowball eventually into that everyone had to outsource manufacturing to China or go out of business.
Am I right or did the Chinese themselves pro actively source companies to begin manufacturing in China?
What do you see as the end scenario in all this?
I presume it became the way it is, not by any internal Chinese initiative, but by western manufacturers seeing that they could turn a rather large profit by closing down their western production and outsourcing to China.
Which iirc they did and got away with it for a few years before other businessmen started to catch on and introduced products in western markets at huge discounts.
Then the whole thing seemed to snowball eventually into that everyone had to outsource manufacturing to China or go out of business.
Am I right or did the Chinese themselves pro actively source companies to begin manufacturing in China?
What do you see as the end scenario in all this?
- salvajeuno
- I Am Losing It All to the Internet
- Reactions: 0
- Posts: 1399
- Joined: Mon Jul 04, 2016 2:54 am
- Location: Cat Lady Towers
How has China become such a dominant economic power? Part of the reason is its booming auto industry. To illustrate, the total number of autos sold last year in China was 24.6 million. This dwarfs total auto sales in the U.S. last year, which hit a record 17.5 million cars and trucks. In addition, SUV sales in China increased a whopping 52% in 2015.
One factor in favor of China's rise is it's mushrooming middle class with more disposable income. Some economists forecast China's move to the number 1 slot by 2025 or earlier.Each country measures economic growth by its gross domestic product or GDP. Negative or positive GDP indicates whether the economy is contracting or expanding. When you combine the total economic output of each country, the result is global GDP. In this article, we will reveal how America’s contribution to global GDP has been falling while China’s has been rising.
Good read:
http://www.forbes.com/sites/mikepatton/ ... 2d7049474b
இ லொவெ ம்ய் டௌக்ஹ்டெர்ஸ் மொரெ தன் அன்ய்தின்க் இன் தெ வொர்ல்ட்
-
- I need professional help
- Reactions: 0
- Posts: 1140
- Joined: Thu Jul 28, 2016 8:48 am
By depriving millions of its own citizen financial and well being. Everything is state control. Public tv channels is blocked with everything from movies leading to intimation, medias and movies critical of Chinese leaderships are banned and so on. And all the while its perfectly acceptable for high government officials going banging young chicks and act with impunity.
EVERYONE BOW DOWN TO HIS MAJESTIES phat kunthea™
-
- I need professional help
- Reactions: 0
- Posts: 1140
- Joined: Thu Jul 28, 2016 8:48 am
Forbe is now chinese owned too so I wouldnt bother clicking on the link. It became shit since the Chinese bought over 2 or so years ago.
EVERYONE BOW DOWN TO HIS MAJESTIES phat kunthea™
- salvajeuno
- I Am Losing It All to the Internet
- Reactions: 0
- Posts: 1399
- Joined: Mon Jul 04, 2016 2:54 am
- Location: Cat Lady Towers
Not totally accurate.phat kunthea wrote:Forbe is now chinese owned too so I wouldnt bother clicking on the link. It became shit since the Chinese bought over 2 or so years ago.
Steve and family continue to own a minority stake. As far as it being shit since the sale, well, I guess that is one opinion.The new ownership team is led by Hong Kong-based Integrated Asset Management, founded by Tak Cheung Yam. Another investor with a significant stake is Singapore businessman Wayne Hsieh, the co-founder of Asustek Computer.
இ லொவெ ம்ய் டௌக்ஹ்டெர்ஸ் மொரெ தன் அன்ய்தின்க் இன் தெ வொர்ல்ட்
One advantage China has is that the government is essentially continuous, which allows them to plan for decades ahead whereas our western leaders tend to just look ahead as far as their expected term in office.
TheGrimReaper wrote: ↑Mon Sep 02, 2019 1:45 pmSlavedog, you do not belong on this forum as you talk too much sense.
- Dahon
- I live above an internet cafe
- Reactions: 2
- Posts: 182
- Joined: Sun Oct 23, 2016 4:09 pm
- Location: Shanghai, China
Reasonably good infrastructure and reasonably disciplined workforce (methods used to maintain discipline can be discussed). Reasonably efficient central organisation adequate for the kind of manufacturing they have specialised in. Efficient ports in Shanghai and Tianjin and Dalian. Decades of technological build up in the 1980's to 1990's paved the way. China as a nation has had a relatively high technological level compared to rest of Asia, Japan and South Korea of course being ahead.
The Chinese have started from a very low level of economic development which meant that it was easy to keep on improving. As long as You can keep on improving people will stay calm. Most John Does do not need to start a newspaper or a political party, food on the table is number one. In my view the Chinese has not actively recruited companies to start manufacturing, they have just invited Western companies and offered attractive conditions for labor intensive manufacturing of not too complicated products.
Currently China's economy is gearing more towards domestic consumption which means growth will slow down. Also they need to take care of the environment which is now officially touted as a national priority.
I guess one important factor of China becoming a manufacturing hub is simply not being as badly managed as many other nations in the region.
The Chinese have started from a very low level of economic development which meant that it was easy to keep on improving. As long as You can keep on improving people will stay calm. Most John Does do not need to start a newspaper or a political party, food on the table is number one. In my view the Chinese has not actively recruited companies to start manufacturing, they have just invited Western companies and offered attractive conditions for labor intensive manufacturing of not too complicated products.
Currently China's economy is gearing more towards domestic consumption which means growth will slow down. Also they need to take care of the environment which is now officially touted as a national priority.
I guess one important factor of China becoming a manufacturing hub is simply not being as badly managed as many other nations in the region.
Cambodia - tickets booked, moved on to mission planning DONE
Mission completed, reported to Col Braddock. DONE
Now ranting about the experience ONGOING
Mission completed, reported to Col Braddock. DONE
Now ranting about the experience ONGOING
Default on the debt by USA is the outcome, using the pretext of theft of IP in order to start a trade war.
China became an economic super power for a bunch of reasons. Western countries trying to take advantage of the Chinese, knowingly abusing their cheap labour while being fully aware of how that labour was being treated helped a lot. Then there was the fact that no one paid attention while they took all that money and used it to buy up all the real estate they could in every country that thought of China as nothing more than a backward country for cheap labour. Chinese billionaire elites openly manipulate real estate prices all over the world, crashing prices of surrounding buildings they own when they want to buy and jacking it up when they want to price people out. It's not exactly a secret because deception and backhanded tactics are part of every day business here. I've lived in China for 4 years now and it still amazes me on a day to day basis how accepting people are here of lying and deceitfulness. It's considered a completely normal way to do business. In fact people who try to do business honestly are looked down upon as naive and stupid. At least once a month I'll have to do something for work that was WAY more work than I was told, or they make it sound like I'm not required to do anything other than attend. Only to arrive and find out I have heaps of responsibilities. When you call them out on lying to you they will just tell you with a completely straight face that if they told me the truth I may not have come, so it's better for them this way. And they will just smile like there's absolutely nothing wrong with what they just said. China's rapid growth comes largely from their belief that when it comes to business it's only illegal if you get caught. And even then it's only illegal if you don't have friends or family in the party.
You have allowed that to happen to you at least once a month for multiple months and you didn't catch on, eh? You must not be very assertive to have allowed yourself to be in such a weak, powerless position, not being able to do anything about such alleged continual abuses.GaryH wrote: At least once a month I'll have to do something for work that was WAY more work than I was told, or they make it sound like I'm not required to do anything other than attend. Only to arrive and find out I have heaps of responsibilities.
"The final straw actually involved my mortal enemy vladimir, who you may or may not know is an insufferable, overposting asshat."
Have you ever lived in China? I'm going to guess you haven't.Edwardo wrote:You have allowed that to happen to you at least once a month for multiple months and you didn't catch on, eh? You must not be very assertive to have allowed yourself to be in such a weak, powerless position, not being able to do anything about such alleged continual abuses.GaryH wrote: At least once a month I'll have to do something for work that was WAY more work than I was told, or they make it sound like I'm not required to do anything other than attend. Only to arrive and find out I have heaps of responsibilities.
Your boss lying to you and manipulating you is parr for the course. It's an accepted part of working here.
They're not cheats. They never cheat you out of money or steal from you, just when it comes to business they will say whatever it takes to close a deal. Regardless of whether what they said contains any truth or not. Which is my point, that China is an economic power in part (small part) to the fact that they do not play by rules that would be considered fair in most parts of the world. And as I said they look down on honest businesses as stupid. It's so ingrained in their culture, even down to the lowest levels of society, that they will defend the practice (sometimes aggressively) when it's questioned. To them it's just "normal"
You chose to accept that behavior from your bosses by apparently not doing anything about it. Your first post said you allowed it to happen to you at least once a month, apparently for multiple months. It was your choice to be meek when dealing with what you obviously felt was unfair behavior from your bosses. Whether this lying/manipulation happens to workers specifically in China or Argentina or Burkina Faso is irrelevant. It happens to people who put themselves in positions where they have no power and no recourse to such poor managerial behavior in the their employment conditions and don't do anything about it when it does occur.GaryH wrote: Have you ever lived in China? I'm going to guess you haven't.
Your boss lying to you and manipulating you is parr for the course. It's an accepted part of working here.
"The final straw actually involved my mortal enemy vladimir, who you may or may not know is an insufferable, overposting asshat."
I think what Eduardo is saying is the old chestnut of "There is no such thing as exploitation at work. If you don't like your job you can just leave it" Which is of course ignoring all the other restraints that make a life somewhere. I reckon if your working for a western company here (yes, it's the same in Cambodia) that hasn't become too Chinese/ SE Asian in it's thinking, you should count yourself very lucky indeed. And that includes Chinese / SE Asian people as well.
Last edited by Abou-Gor on Mon Oct 31, 2016 11:42 pm, edited 1 time in total.
- Lucky Lucan
- K440 Knight Captain
- Reactions: 761
- Posts: 22525
- Joined: Fri Mar 04, 2011 12:24 pm
- Location: The Pearl of the Orient
Abou-Gor wrote:
I presume it became the way it is, not by any internal Chinese initiative, but by western manufacturers seeing that they could turn a rather large profit by closing down their western production and outsourcing to China.
So you are basically saying that Chinese aren't smart enough to get their act together over the past 50 years themselves, and the initiative to develop China into the economic powerhouse it is today was led by western manufacturers? You sound extremely prejudiced and racist.
Romantic Cambodia is dead and gone. It's with McKinley in the grave.
-
- Similar Topics
- Replies
- Views
- Last post
-
-
From one Hell to another - the economic and other refugee
by Expatissimo » Thu Sep 23, 2021 5:26 pm » in 'Not' Cambodia - 3 Replies
- 1248 Views
-
Last post by Expatissimo
Thu Sep 23, 2021 7:14 pm
-
-
-
safest bank here (in the event of economic collapse)??
by wolfcreek » Sat Oct 10, 2020 4:33 pm » in Money, Banking and Insurance - 40 Replies
- 8184 Views
-
Last post by Expatissimo
Mon Jun 21, 2021 10:49 pm
-
-
-
How Sri Lanka’s economic collapse raises alarm bells for other emerging markets
by the cynics » Mon Aug 15, 2022 4:02 pm » in 'Not' Cambodia - 1 Replies
- 477 Views
-
Last post by YaTingPom
Mon Aug 15, 2022 5:28 pm
-
-
-
Information about receiving Treasury checks (economic impact payments) for US citizens
by Bong Burgundy » Fri May 22, 2020 1:27 pm » in Cambodia Speakeasy - 9 Replies
- 2659 Views
-
Last post by WidA
Wed May 27, 2020 6:39 pm
-
-
-
High vaccination rates in Cambodia underline potential for strong economic rebound in 2022: ADB
by cirmedia » Wed Sep 22, 2021 3:27 pm » in Cambodia News - 0 Replies
- 4259 Views
-
Last post by cirmedia
Wed Sep 22, 2021 3:27 pm
-