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During COVID PRC exports increased by 1T, more in 4 years than previous 10. Primarily in global south built up by BRI which in that context has paid for itself

During COVID PRC exports increased by 1T, more in 4 years than previous 10. Primarily in global south built up by BRI which in that context has paid for itself multiple times over. What's happening is PRC moving up global value chains while shedding low end manufacturing that started precovid. The TLDR is PRC modernization/development is increasingly infringing on medium/high end value chains that was previously monopolized by US/west. Whenever PRC domestic overcapacity translates to exports, it reduces operating income of incumbents, primarily western, by 50-90%, it destroys control of sectors west dominates in. Hence containment to keep PRC down and maintain western share. Xi unwinding bad parts of Deng's unchecked economic growth policies thats no longer sustainable.

gloryjulio 3y ago
Right. The stop of the release of the economy data is a bullish sign for the ccp ;D
- dirtyid 3y ago
  PRC stopped releasing all sorts of data like AIS and cracked down on western compliance work to make it difficult for to enforce sanctions/export controls during cold war. Which doesn't change the fact that trade volumes are you know, bilateral data. It's easy to confirm with 3rd parties that PRC has undergone the largest pulse in globalization in human history the last 4 years. Same with PRC exports moving up value chain. Or PRC scitech moving up western science and innnovation indexes. Or rmb/yuan better performance vs other currencies inresponse to US deficit spending. Plenty of non PRC oblique indicators to suggest things are trending fine. Western news just like to focus on the few bad ones. Like retards who think 20% youth unemployment rate is end of the world when broad unemployment is 5%, i.e. people find work eventually. Or even if PRC has 50% youth unemployment (likely with this summer graduating largest tertiary cohort of 12m), with PRCs 60% tertiary rate and 5M STEM per year, that's still net 4-5x more talent being integrated into an increasingly high end economy vs west whose fundmental ability to integrate new talent is fraction of PRC even with immigration. If PRC is collapsing right now, everyone else is basically already stone dead.

gloryjulio 3y ago

Right. The stop of the release of the economy data is a bullish sign for the ccp ;D

dirtyid 3y ago
PRC stopped releasing all sorts of data like AIS and cracked down on western compliance work to make it difficult for to enforce sanctions/export controls during cold war. Which doesn't change the fact that trade volumes are you know, bilateral data. It's easy to confirm with 3rd parties that PRC has undergone the largest pulse in globalization in human history the last 4 years. Same with PRC exports moving up value chain. Or PRC scitech moving up western science and innnovation indexes. Or rmb/yuan better performance vs other currencies inresponse to US deficit spending. Plenty of non PRC oblique indicators to suggest things are trending fine. Western news just like to focus on the few bad ones. Like retards who think 20% youth unemployment rate is end of the world when broad unemployment is 5%, i.e. people find work eventually. Or even if PRC has 50% youth unemployment (likely with this summer graduating largest tertiary cohort of 12m), with PRCs 60% tertiary rate and 5M STEM per year, that's still net 4-5x more talent being integrated into an increasingly high end economy vs west whose fundmental ability to integrate new talent is fraction of PRC even with immigration. If PRC is collapsing right now, everyone else is basically already stone dead.