Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
China is #1 now
#1
Rainbow 
[Image: China_World_Largest_Manufacturer.jpg]

http://www.theatlantic.com/business/arch...ok/266221/#

Anyone surprised?
Sodomia delenda est

Reply
#2
No. Why should a country of 200 million have a output superior to a country of 1200 million?
We just got out of this anomaly.
Reply
#3
This is exponential growth, which cannot last indefinitely. Wait till the Chinese discover "benefits" like Social Security, Medicare/caid, unemployment and various other forms of welfare. I expect saturation effects fairly soon.

The left (including J.R. Immelt) would love to imitate the Chicoms, ever lusting for command and control government. It is ironic, since the Chicoms have not much interest in Global Warming, Fairness, Social Justice, Environmentalism, Redistribution of Wealth, Taxing the Wealthy, Demilitarizing, etc. Perhaps the only common denominator is gun control.
Jefferson: I place economy among the first and important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our choice between economy and liberty, or profusion and servitude. If we can prevent the government from wasting the labors of the people under the pretense of caring for them, they will be happy.
Reply
#4
It is amazing though the incline of wealth in China from 1960 till today. Even with all the graft, all the socialist overhang.

I guess China spent the last several centuries in dead economic water, so the catching up is astonishing to watch.
Reply
#5
(12-17-2012, 05:25 PM)jt Wrote: It is ironic, since the Chicoms have not much interest in Global Warming, Fairness, Social Justice, Environmentalism, Redistribution of Wealth, Taxing the Wealthy, Demilitarizing, etc.

It is ironic just how much not being idiots helps. S6

Some more ranking data from Legatum. The US is no longer in the first 10 prosperity-wise; the economy overall rating is down to 20, behind China (11) but --- silver lining! -- for now, way ahead of Zimbabwe.
Sodomia delenda est

Reply
#6
On thing I notice is that Chinese, in business, do work to get sales done.
They do move their ass, reply e-mails late in the evening, send price offers quickely, treat clients with respect... but they also have huge production capacity.

I don't know in the US, but in Europe businesses are dead slow, many won't even reply to e-mails, be spectacularly inconsistant on the telephone and unavailable from 4:45 pm.
And production capacity is saturated.

Here I translate a reply to an online request for building isolation material. I needed a small quantity for one house and I asked them where one can buy their products.
Business Development Manager Wrote:....(polite forms)
....

We are producer of the products and we sell complete systems directly through building companies.
So, isolation, profiles, mortars, ... sold to companies with belgian VAT number (a tax code number), not through (retail) distribution.

I remain available for all suplementary informations.

Cordialy,

Lotte De Wildeman
Business Development Manager ETICS

nv Saint-Gobain Weber Belgium sa

How do you understand a business producing stuffs and not selling it?

(On top of that other branches of this company does produce and sell in retail store in other countries in Europe where I found the products in question.)

They would not even sell to a company which is not registrated in Belgium, while it's 2012 and everybody ignores the borders inside the EU.

It's like they do everything to prevent poeple to buy.
If they realy want to avoid selling so bad, then why do they have a website for???
Not only do they lose time but they waste my time too.
Reply
#7
Quote:How do you understand a business producing stuffs and not selling it?

Simple. Doing retail involves more work/staff than wholesale. Many distributors of various things in the US would not deal with small quantities either, even if they can get a better profit margin. And a part of it would be of course the regulations (like checking VAT# in your case), but it is hard to know how much of the reason are legitimate business structure constrains and how much is the bureaucracy.

Incidentally, we should see a lot of internet vendors in the US not willing to sell small quantaties once they enable Internet tax.
Sodomia delenda est

Reply
#8
There is another truism that people never talk about.

...When everyone already has everything, the upward climbing charts tend to level out. When most of your population lives in poverty, the upward trend is more noticeable.

Comparisons between countries are hard to make, because our poor all have air-conditioning and flat screen TVs. If a family living in a mud hut suddenly gets enough food to eat - that is a measurable accomplishment.
Reply
#9
Yes, comparisons of apples and oranges are not always productive....but they are still fun.

Incidentally, notice that the US scores #12 largely because of the #2 ranking in the Health category....any prediction on where this one is going?
Sodomia delenda est

Reply
#10
mv Wrote:
I Wrote:How do you understand a business producing stuffs and not selling it?
Simple. Doing retail involves more work/staff than wholesale. Many distributors of various things in the US would not deal with small quantities either, even if they can get a better profit margin.

I was baffled by this answer because retailers are buying producers much more than building companies and secondly because thier products are unkown to... building companies because they never see these products in stores.

Even better: On their website they have a link reading "find where you can buy our products". Completely useless since it leads to the internet form which I used to write them and the answer is inevitably that they don't sell it anywhere.

Also baffling was this "Belgian VAT number" which is a total non sens. I almost wanted to write them "Hi, I wanted to to pass an order worth 100,000€, but hey, I have a French VAT number so I gave up".
This is so absurd a reason, that I'm now sure of one thing:
Not content with free trade regulation in the EU, private companies (or some directors of companies or branches) are doing their own regulations that cripple their own business.
Because not only they are not required to such limitation but I heard that it could even be illegal.

It's not that they (companies in western europe in general) don't want to sell in retail quantities, it's that they don't have the right approach to various situations.
There is some kind of lazyness. Or they hire stupid poeple, I don't know...

The wrose is UK. Never got an e-mail answered from them.

Just Google any industrial product: The top 50 are all Chinese.
I don't know how they do it but these guys rock IMO.
Reply
#11
People will not get off their ass if: there is too much work (of one form or another) for the incremental gain involved (as mv alluded to); they are completely satisfied with their current situation; they are passive; they are lazy.
Jefferson: I place economy among the first and important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our choice between economy and liberty, or profusion and servitude. If we can prevent the government from wasting the labors of the people under the pretense of caring for them, they will be happy.
Reply
#12
Also, #1 in trade:

http://www.telegraph.co.uk/finance/econo...an-US.html
Sodomia delenda est

Reply
#13
Wonder how long it take us to figure out this means we're not the baddest boy around anymore? Also, will we figure it out with or w/o tons of deaths first?
Reply
#14
Personally, I'm not all that enamoured by this "China is #1" stuff. If this makes it easier for the country to break apart, as it eventually will, then I'm all for it. PRC can only take one of two paths: one, more autocratic, or two more decentralized. And the former will still lead to the later eventually.
___________________________________________________________________________________________________
"INSIDE EVERY PROGRESSIVE IS A TOTALITARIAN SCREAMING TO GET OUT" - David Horowitz

Reply
#15
Not necessarily anytime soon. The Chinese likely have some serious pent up nationalist ambitions to drive them along for a few centuiries.
Reply
#16
Au contraire, mon ami... The Chinese have always been navel-gazers. It is only recently that they have noticed there is life beyond their borders. They have never really cared what anyone thought about them.
Reply
#17
Another treacherous Kenyan...
Sodomia delenda est

Reply
#18
What is interesting, to me anyway, is that practically speaking the most important visit would be the last one. That way the prior visits could be covered and countered, if necessary.

But what do I know, I'm just too practical.

Incidentally, speaking of China, 60 Minutes did an update to its previous segment on China, and they included private interviews with real Chinese. Not sure where they were interviewed, but Michael watched it yesterday, and passed it on to me today, after spending the last two days busting my chops setting up an apartment complexes office/club-house complex(I'm so sore I can hardly walk). Must be last week's program replay. Michael passed on some interesting information.

For instance, China does not allow citizens to send any of their money overseas(i.e. investments), which means that 100% of those investments must be local. Because of this the middle class if supremely frustrated, as they cannot invest in the best opportunities. Also, this restriction on money leads to the creation of a HUGE real estate bubble, inflating the value of property out of sight. This insures that those citizens trying to enter the middle class, are shut out of being able to buy property, and it is creating unreported anger and frustration.

And since there is no way to channel this anger/frustration, it is building up. One of the interviewees stated that there is an ever increasing chance of revolution, which is something almost ever spoken by Chinese. And keep in mind that China is doing its best to keep rioting and violence hushed up, but it still somewhat gets out to the West. My observation is that this is kept in check by the leaders walking a very fine line across a huge canyon. And the elites may go to bed at night thanking their lucky stars that the populous are not armed.

Japan went through a huge real estate bubble in the 70s, 80s, and early 90s, before they crashed. And they did not have all the restrictions China has in place. When the pressure cooker does not allow for an escape valve, eventually it blows up.

I don't know when all this comes down, but it is inevitable and the longer it takes to explode, the greater the explosion. The country cannot remain as one entity, because it is just too big, too corrupt, too restrictive, too...................................................... The only question is going to be, "Which way does the revolution work its way out: top down, or bottom up."
___________________________________________________________________________________________________
"INSIDE EVERY PROGRESSIVE IS A TOTALITARIAN SCREAMING TO GET OUT" - David Horowitz

Reply
#19
(12-17-2012, 11:56 AM)mv Wrote: Anyone surprised?

No,

but the question is if these statistics from China are correct.

Most data from that country are nothing but fake.

If you drive away 60 minutes from the large industrial rich cities, you will be surprised how poor China really is.

The huge majority of the Chinese is living a fairly primitive life.

The present living standard is about those of Thailand in USD per capita, but the distribution between rich and poor, rural and urbn is horrible.

Now China tries to expand its territory, mainly the South China Sea to explore alone resources and the fishery industry which should be shared equally to Philippines, Vietnam and Malaysia nd some other countries.
Reply
#20
Of Course China Wants to Replace the U.S.
Sodomia delenda est

Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)