4 ms·

This is a very generic article. I would say made up even. China has a ton of problems. Unfortunately most Hong Kong based analysts spend more time partying in H

by nbhuik 8y ago

This is a very generic article. I would say made up even. China has a ton of problems. Unfortunately most Hong Kong based analysts spend more time partying in Hong Kong than in southern China. If the west wants to have a long term chance against what is happening in China we really have to stop with this feel good journalism.

quonn 8y ago
What do you mean by „have a chance“?
- nbhuik 8y ago
  This is obviously a long discussion, but in summary the world is changing and if one wants to have a say in that new world one can't pretend that it isn't happening. China is working on all fronts while the west is coming up with excuses why it doesn't matter.
  - exelius 8y ago
    Jack Ma summed it up pretty well — the US spent something close to $15 trillion fighting wars over the last century. China has been taking that money and investing it in building future economic advantage instead because it believes the wars of the future will be economic rather than kinetic. Who do you think has a brighter future?
    - tcbawo 8y ago
      There is waste and fraud everywhere, including China. You can also find anecdotal evidence everywhere. It's impossible to piece this together into a singular narrative.
      - luckydata 8y ago
        I think it's fair to say fraud is pervasive in China in a way that's not in many other western countries. Every time I have to do anything with China businesswise I'm reminded of that reality.
    - seanmcdirmid 8y ago
      If you subtracted $15 trillion from the US GDP over the last 16 years (no need to go last century), it would still have been higher than china’s. So I’m not sure what this factoid is proving about bright futures.
    - dragontamer 8y ago
      A lot of US Military spending is wrapped up in infrastructure too. US Army Corps of Engineers for example maintains levees and dams throughout the USA. https://en.wikipedia.org/wiki/United_States_Army_Corps_of_Engineers https://en.wikipedia.org/wiki/United_States_Army_Corps_of_En... Yeah, that's part of the DoD budget. Really weird, but that's how we budget for things in the USA. Then there are mixed-projects, like Military colleges and schools. Officers are all college-educated, so when they leave the military, they still benefit private industry all the same. Or DARPA's contributions to the advancements of science (Adoption of TCP/IP and other long-term research projects)
      - freyr 8y ago
        > Yeah, that's part of the DoD budget. $4.8 billion / $639.1 billion = 0.75% It's a minuscule part of the DoD budget. A rounding error. The majority is spent by the army, navy, and air force. The biggest expenditure category is operation and maintenance, followed by personnel, then procurement.
        deleted 8y ago
        [deleted]
    - pertsix 8y ago
      Wars are not one dimensional. Having a superior economy also doesn't mean you'll have a strategic advantage in the field.
    - dionian 8y ago
      The elite of china spend their time protecting their power from the people. That's why they can't really project outward as much.

by nbhuik 8y ago

quonn 8y ago

What do you mean by „have a chance“?

nbhuik 8y ago
This is obviously a long discussion, but in summary the world is changing and if one wants to have a say in that new world one can't pretend that it isn't happening. China is working on all fronts while the west is coming up with excuses why it doesn't matter.
- exelius 8y ago
  Jack Ma summed it up pretty well — the US spent something close to $15 trillion fighting wars over the last century. China has been taking that money and investing it in building future economic advantage instead because it believes the wars of the future will be economic rather than kinetic. Who do you think has a brighter future?
  - tcbawo 8y ago
    There is waste and fraud everywhere, including China. You can also find anecdotal evidence everywhere. It's impossible to piece this together into a singular narrative.
    - luckydata 8y ago
      I think it's fair to say fraud is pervasive in China in a way that's not in many other western countries. Every time I have to do anything with China businesswise I'm reminded of that reality.
  - seanmcdirmid 8y ago
    If you subtracted $15 trillion from the US GDP over the last 16 years (no need to go last century), it would still have been higher than china’s. So I’m not sure what this factoid is proving about bright futures.
  - dragontamer 8y ago
    A lot of US Military spending is wrapped up in infrastructure too. US Army Corps of Engineers for example maintains levees and dams throughout the USA. https://en.wikipedia.org/wiki/United_States_Army_Corps_of_Engineers https://en.wikipedia.org/wiki/United_States_Army_Corps_of_En... Yeah, that's part of the DoD budget. Really weird, but that's how we budget for things in the USA. Then there are mixed-projects, like Military colleges and schools. Officers are all college-educated, so when they leave the military, they still benefit private industry all the same. Or DARPA's contributions to the advancements of science (Adoption of TCP/IP and other long-term research projects)
    - freyr 8y ago
      > Yeah, that's part of the DoD budget. $4.8 billion / $639.1 billion = 0.75% It's a minuscule part of the DoD budget. A rounding error. The majority is spent by the army, navy, and air force. The biggest expenditure category is operation and maintenance, followed by personnel, then procurement.
      - deleted 8y ago
        [deleted]
  - pertsix 8y ago
    Wars are not one dimensional. Having a superior economy also doesn't mean you'll have a strategic advantage in the field.
  - dionian 8y ago
    The elite of china spend their time protecting their power from the people. That's why they can't really project outward as much.