Reforms or face a crisis, China told

[ChineseTiger1986]

private capital will destroy china, especially when its foreign capital.
especially in strategic sectors.

fcuk wen jiabao and his bulls**t privatization.

i still dont trust xi jinping, too much on an american lover.

At least he wants to support the state-controlled enterprises.

Look at Deng, do you believe he is truly an American lover?

Hu Jintao was chosen as the successor of Jiang by Deng, so is Hu also an American lover?

 

[1962 spanking]

we will see when xi comes into power.
his actions will prove to everyone what type of guy he is.

 

[ChineseTiger1986]

we will see when xi comes into power.
his actions will prove to everyone what type of guy he is.

Yes, we will see later, but Wen is definitely finished as his corrupt sob son just got exposed recently.

 

[canadian icehole]

^^^ so Grandpa Wen is not so 'clean'? Sad.

 

[ChineseTiger1986]

^^^ so Grandpa Wen is not so 'clean'? Sad.

He deserves to have an Oscar nomination, CPC will soon deal with this old SOB when the transition of power is over between Hu and Xi.

 

[FairAndUnbiased]

He wasn't talking about saving to buy property, he was talking about how China should increase the share of domestic consumption. In this context, what Pettis said about needing to save more because interest rates are low flat out doesn't make sense. Michael Pettis is a finance professor and he said something like this? Nobody is that dumb unless they are doing it on purpose. His intellectual dishonesty turns me off. In his other articles he talks about the worldwide recession and how low interest rates stimulated spending while saying the opposite concerning China. He has some sort of agenda. He should be removed just on the fact that he's probably teaching garbage to his students.



You have to admit, it happens alot more in China than the US and the scale is also usually bigger. It doesn't help that China commonly uses grade III or worse quality water for its agriculture.

Interesting observation. I did not see that. Mr. Pettis (how did he get to teach at Beida without a PHD?) indeed shows intellectual dishonesty. Well, he has a MBA and a masters in international studies, guess he's not the numbers and statistics type.

It does happen in China more often but it is fatal less often than in the US especially per kilogram of food. China has BAD food and FAKE food but not FATAL food.

BTW in China I often feel safer eating than in the US because the US has no standards for arsenic. Given a choice between gutter oil and arsenic mad cow beef, I'll take the less lethal gutter oil, at least that wouldn't be directly fatal.

---------- Post added at 03:57 PM ---------- Previous post was at 03:56 PM ----------

At least he wants to support the state-controlled enterprises.

Look at Deng, do you believe he is truly an American lover?

Hu Jintao was chosen as the successor of Jiang by Deng, so is Hu also an American lover?

Hu has no personality, that's why I trust him. Switzerland president has no personality either.

Xi is a bigmouth. I do not trust bigmouths.

Zhou Qiang for 2022.

 

[oceanx]

Xi is a bigmouth. I do not trust bigmouths.

Just a random shot from me as I haven't really the time to follow this thread: this instinct of yours, if it could be called such, seems sound.

But your rambling on the "redemptive quality" of "gutter oil"? I wouldn't take it nearly as far as you did even next to "arsenic and mad cow" ...

 

[FairAndUnbiased]

Just a random shot from me as I haven't really the time to follow this thread: this instinct of yours, if it could be called such, seems sound.

But your rambling on the "redemptive quality" of "gutter oil"? I wouldn't take it nearly as far as you did even next to "arsenic and mad cow" ...

You should pay attention to food standards. China has far higher standards on arsenic control than the US.

Rice Bran and Arsenic; An Unhealthy Health Food | Use Celsias.com - reduce global °Celsius

A greater problem, though, are the levels of arsenic in rice bran, a problem only recently diagnosed. According to Andrew Meharg of Aberdeen University, the levels are so high that most brands would be illegal in China, the only country in the world to establish food-arsenic limits within the last decade. Meharg and colleagues are now asking both the U.S. and the European Union to either add or update their standards. The U.S. has none.

 

[marshall]

Interesting observation. I did not see that. Mr. Pettis (how did he get to teach at Beida without a PHD?) indeed shows intellectual dishonesty. Well, he has a MBA and a masters in international studies, guess he's not the numbers and statistics type.

I think both Michael Pettis and Patrick Chovanec (another perpetual China bear) also teaches (Economics) at the same university (Tsinghua). Interesting. Pettis teaches Finance while Chovanec teaches Economics....both have a long history of bad predictions and wrong policy advice concerning China and yet they are the foreign heads who are supposed to be imparting expert advice to China (the most successful economy of the last 30+ years) how to operate! How ironic.

Hu has no personality, that's why I trust him. Switzerland president has no personality either.

Xi is a bigmouth. I do not trust bigmouths.

If you live your life in the public eye for decades, it is alot harder to be corrupt and not get caught. Xi's record is exemplary as far as I can tell. Wen as well, your problem with him is mostly with his free market policies which you disagree with.

 

[marshall]

A greater problem, though, are the levels of arsenic in rice bran, a problem only recently diagnosed. According to Andrew Meharg of Aberdeen University, the levels are so high that most brands would be illegal in China, the only country in the world to establish food-arsenic limits within the last decade. Meharg and colleagues are now asking both the U.S. and the European Union to either add or update their standards. The U.S. has none.

Too bad China isn't consistent with its health standards. If it was, it would have banned smoking from public places a long long time ago and at least began a public and continual campaign to educate how harmful it is. This is going to be the biggest health issue in years to come, not arsenic or melamine, lead additives, gutter oil, etc.

 

[FairAndUnbiased]

I think both Michael Pettis and Patrick Chovanec (another perpetual China bear) also teaches (Economics) at the same university (Tsinghua). Interesting. Pettis teaches Finance while Chovanec teaches Economics....both have a long history of bad predictions and wrong policy advice concerning China and yet they are the foreign heads who are supposed to be imparting expert advice to China (the most successful economy of the last 30+ years) how to operate! How ironic.



If you live your life in the public eye for decades, it is alot harder to be corrupt and not get caught. Xi's record is exemplary as far as I can tell. Wen as well, your problem with him is mostly with his free market policies which you disagree with.

I used to like Wen, but apparently he's corrupt. I don't see the evidence for it except his wife is ultra rich. I will not make judgment.

Xi on the other hand is a princeling and I instinctively do not trust princelings.

As for the 2 white guys: that is why I believe economics is more like voodoo magic than science. if a scientific theory made as many wrong predictions as free market capitalism did, it'd be down the toilet in no time.

---------- Post added at 04:31 PM ---------- Previous post was at 04:31 PM ----------

Too bad China isn't consistent with its health standards. If it was, it would have banned smoking from public places a long long time ago and at least began a public and continual campaign to educate how harmful it is. This is going to be the biggest health issue in years to come, not arsenic or melamine, lead additives, gutter oil, etc.

it is slowly getting better. let natural selection take care of this one.

 

[marshall]

As for the 2 white guys: that is why I believe economics is more like voodoo magic than science. if a scientific theory made as many wrong predictions as free market capitalism did, it'd be down the toilet in no time.

Depends on which economic models we're working with. Alot of today's voodoo economics are simply a mishmash of ideas with Keynesian Economics at its foundation. There's a large following promoting Austrian Economics as well. However, at the end of the day, all economics relies on Human behavior. I think economists are too quick to use statistics when they should be analyzing social indicators, distinct cultural biases & behaviors and plain common sense. This same pattern of poor analysis is also present with foreign policy advisers who use statistics and history to predict outcomes in totally different cultures with totally different histories. The lack of insight is appalling given how obvious it is.

it is slowly getting better. let natural selection take care of this one.

It gets better after all the lung cancer/leukemia patients die off you mean. Before then, China's health care system will be flooded with millions of otherwise healthy patients that will cost their government hundreds of billions.

 

[Splurgenxs]

As for the 2 white guys: that is why I believe economics is more like voodoo magic than science. if a scientific theory made as many wrong predictions as free market capitalism did, it'd be down the toilet in no time.

well economic predictions are not about fact ..but all about projecting a probable scenario in which investors invest ..

when money comes and goes depending on future prospects ....speculating on the future come instinctively.

More extensive the insight more accurate is the speculation.

 

[FairAndUnbiased]

Depends on which economic models we're working with. Alot of today's voodoo economics are simply a mishmash of ideas with Keynesian Economics at its foundation. There's a large following promoting Austrian Economics as well. However, at the end of the day, all economics relies on Human behavior. I think economists are too quick to use statistics when they should be analyzing social indicators, distinct cultural biases & behaviors and plain common sense. This same pattern of poor analysis is also present with foreign policy advisers who use statistics and history to predict outcomes in totally different cultures with totally different histories. The lack of insight is appalling given how obvious it is.



It gets better after all the lung cancer/leukemia patients die off you mean. Before then, China's health care system will be flooded with millions of otherwise healthy patients that will cost their government hundreds of billions.

Economists are trying very hard to fit mathematical models based on nature, on things that are heavily manipulated. it is a fact that the world commodities markets are essentially rigged casinos and so is the stock market. that's why i think some of the quantitative finance stuff they're doing is just total bullsht. The thermodynamic models that account for human behavior are better but they still don't realize that every market is manipulated and rigged.

True, tobacco is indeed a major threat, but it is very hard to get the older generation to voluntarily quit. Smoking, like drinking, has a social role in Chinese culture.

 

[graphican]

Its BULL what Worldbank is trying to say. Look at America where free market has sucked up blood of everybody, leaving few giants and everybody else in the country as weightless, powerless and enslaved.