5 ms·

Those who try may get 1.7% Those who don't may forever get 0%

adhesive_wombat 3y ago
Wayne Gretzky's post-retirement career in semiconductor engineering may not have been expected, but seems to be going well.
- blihp 3y ago
  That's because he doesn't design for where the state of the art chips are, he designs for where they are going to be.
berserk1010 3y ago
China doesn't have the money nor economy to support such low yield effort for long term China has ordered its local governments to halt public-private partnership projects identified as "problematic" and replaced a 10% budget spending allowance for these ventures with a vetting mechanism by Beijing as it tries to curb municipal debt risks. https://www.reuters.com/markets/asia/china-orders-local-governments-cut-exposure-public-private-projects-debt-risks-2023-11-14/ https://www.reuters.com/markets/asia/china-orders-local-gove... China’s Economy Has Picked Up Traits Reminiscent Of The Great Depression. https://www.forbes.com/sites/miltonezrati/2024/01/22/chinas-economy-has-picked-up-traits-reminiscent-of-the-great-depression/ https://www.forbes.com/sites/miltonezrati/2024/01/22/chinas-... Also from unconfirmed resource: Central government orders high debt load places like Tianjin, Inner Mongolia, Heilongjiang, Chungking, Guizhou, and a few others to stop any new constructions in 2024, and only allow constructions to provide water, electric, or heat.
- WhereIsTheTruth 3y ago
  Every year, economists are saying China is collapsing.. yet they keep deliver, they seem immune to the organized FUD
  - adventured 3y ago
    Collapse hasn't been the suggestion in fact. That's a straw premise to distract from the negative claims (which are supported by persistently bad economic data). The US didn't collapse due to the great depression either. What is being suggested, is that China is facing a very bad economic stretch as a result of their extraordinarily poor command economy choices. Beijing's fabled (supposed) long-term thinking has shown itself to be a complete fraud. The Emperor, Xi, is wearing no clothes, as is the case with all dictators. An economy the scale and complexity of China's can't be run effectively with an authoritarian command approach. We have been seeing the proof of that increasingly since the great recession hit, wherein China switched to forever stimulus & debt fakery to prop up their flagging economy. In the span of a decade China became the most indebted nation in world history, while their growth sank below that of the US (which is a very mature, slower growth economy). And now the imploding demographics are setting in hard and fast, while the affluent world shuns China (leaving them with key partners like Russia, Iran, North Korea). It's quite obvious that while China kicked the can down the road for a long time, the cost of doing so just keeps increasing in the form of negatives on their economy.
    - WhereIsTheTruth 3y ago
      economy is weakening globally, it affects everyone, including both the US and the EU, so your argument falls flat any positive comment about China gets downvoted to oblivion, further emphasizing the theory of an organized FUD against China
      - emptysongglass 3y ago
        > any positive comment about China gets downvoted to oblivion, further emphasizing the theory of an organized FUD against China Just based on this very comment thread you're wrong, so how are we to trust any of your other rebuttals? Even well-sourced critiques of China are greytext so one may as well assume the opposite if they were taking your position.
    - Dalewyn 3y ago
      >Beijing's fabled (supposed) long-term thinking has shown itself to be a complete fraud. ...<snip> Been hearing all that and more for at least the past 25 years or so, and still China's doing fine, blew Japan out of the #2 GDP spot, and far as I can tell is winning the Cold War of our present era. So, thanks for reaffirming what you tried to refute.
- bigbillheck 3y ago
  I've seen a few hundred too many "the Chinese economy is about to collapse" stories to believe any of them.
  - qwytw 3y ago
    Maybe not collapse but a slowdown and significant decline in some sectors seems like a real risk. Which would be a big issue because China is still quite poor per capita and at this pace it's unlikely to ever catch up with the US: https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?end=2022&locations=CN-US&start=2013 https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?end=2...
    - bigbillheck 3y ago
      GDP is a terrible metric, the usual example is France's being lower than every single state including Mississippi.
      - qwytw 3y ago
        I'm mainly talking about the growth rates rather than the actual values so this is hardly relevant.

Wayne Gretzky's post-retirement career in semiconductor engineering may not have been expected, but seems to be going well.

blihp 3y ago
That's because he doesn't design for where the state of the art chips are, he designs for where they are going to be.

berserk1010 3y ago

China doesn't have the money nor economy to support such low yield effort for long term China has ordered its local governments to halt public-private partnership projects identified as "problematic" and replaced a 10% budget spending allowance for these ventures with a vetting mechanism by Beijing as it tries to curb municipal debt risks. https://www.reuters.com/markets/asia/china-orders-local-governments-cut-exposure-public-private-projects-debt-risks-2023-11-14/ https://www.reuters.com/markets/asia/china-orders-local-gove... China’s Economy Has Picked Up Traits Reminiscent Of The Great Depression. https://www.forbes.com/sites/miltonezrati/2024/01/22/chinas-economy-has-picked-up-traits-reminiscent-of-the-great-depression/ https://www.forbes.com/sites/miltonezrati/2024/01/22/chinas-... Also from unconfirmed resource: Central government orders high debt load places like Tianjin, Inner Mongolia, Heilongjiang, Chungking, Guizhou, and a few others to stop any new constructions in 2024, and only allow constructions to provide water, electric, or heat.

WhereIsTheTruth 3y ago
Every year, economists are saying China is collapsing.. yet they keep deliver, they seem immune to the organized FUD
- adventured 3y ago
  Collapse hasn't been the suggestion in fact. That's a straw premise to distract from the negative claims (which are supported by persistently bad economic data). The US didn't collapse due to the great depression either. What is being suggested, is that China is facing a very bad economic stretch as a result of their extraordinarily poor command economy choices. Beijing's fabled (supposed) long-term thinking has shown itself to be a complete fraud. The Emperor, Xi, is wearing no clothes, as is the case with all dictators. An economy the scale and complexity of China's can't be run effectively with an authoritarian command approach. We have been seeing the proof of that increasingly since the great recession hit, wherein China switched to forever stimulus & debt fakery to prop up their flagging economy. In the span of a decade China became the most indebted nation in world history, while their growth sank below that of the US (which is a very mature, slower growth economy). And now the imploding demographics are setting in hard and fast, while the affluent world shuns China (leaving them with key partners like Russia, Iran, North Korea). It's quite obvious that while China kicked the can down the road for a long time, the cost of doing so just keeps increasing in the form of negatives on their economy.
  - WhereIsTheTruth 3y ago
    economy is weakening globally, it affects everyone, including both the US and the EU, so your argument falls flat any positive comment about China gets downvoted to oblivion, further emphasizing the theory of an organized FUD against China
    - emptysongglass 3y ago
      > any positive comment about China gets downvoted to oblivion, further emphasizing the theory of an organized FUD against China Just based on this very comment thread you're wrong, so how are we to trust any of your other rebuttals? Even well-sourced critiques of China are greytext so one may as well assume the opposite if they were taking your position.
  - Dalewyn 3y ago
    >Beijing's fabled (supposed) long-term thinking has shown itself to be a complete fraud. ...<snip> Been hearing all that and more for at least the past 25 years or so, and still China's doing fine, blew Japan out of the #2 GDP spot, and far as I can tell is winning the Cold War of our present era. So, thanks for reaffirming what you tried to refute.
bigbillheck 3y ago
I've seen a few hundred too many "the Chinese economy is about to collapse" stories to believe any of them.
- qwytw 3y ago
  Maybe not collapse but a slowdown and significant decline in some sectors seems like a real risk. Which would be a big issue because China is still quite poor per capita and at this pace it's unlikely to ever catch up with the US: https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?end=2022&locations=CN-US&start=2013 https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?end=2...
  - bigbillheck 3y ago
    GDP is a terrible metric, the usual example is France's being lower than every single state including Mississippi.
    - qwytw 3y ago
      I'm mainly talking about the growth rates rather than the actual values so this is hardly relevant.