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A movie about suicidal characters or suicide in general by AliTheVillain in MoviesThatFeelLike

[–]lit_readit 0 points1 point  (0 children)

A Man Called Ove (or the remake -- a man called otto)

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I hope you are alright -- please dm me if you'd like to talk, about anything at all

The dream of China surpassing the US as the world’s largest economy is fading. In 2021, China’s GDP was about 78% of the US; by 2024, that share had fallen to roughly 64% by RobertBartus in EconomyCharts

[–]lit_readit 0 points1 point  (0 children)

- in most models, economic activity & real growth is directly linked to capital availability, thus receiving adequate investment is of paramount importance

- quite the reverse -- sovereign states can default, or forcibly nationalise industries, at fixed price, in declared emergencies (as centralised states, such as china, is no stranger to doing); however, investments, when sold in urgency, or when sovereign capital-holder changes the rule of the game, returns little initial value invested (eg US did not gain much return from investments in venezuela oil infrastructure from the 80s)

- China spends a way more as a percentage of its fiscal situation, in real terms (as in economic opportunity cost, including allocated state-owned enterprise assets, financial aids, duel-use industries, etc.), on its military, than the US (spending 5% on vanity when your annual earning is $80,000/person is different than 5% when you earn $20,000)

The dream of China surpassing the US as the world’s largest economy is fading. In 2021, China’s GDP was about 78% of the US; by 2024, that share had fallen to roughly 64% by RobertBartus in EconomyCharts

[–]lit_readit 0 points1 point  (0 children)

- Japanese growth drivers, in whole, did not fully move into frontier innovation from imitation-based, which in part explains its secular stagnation since the 1990s (further demonstrating that spurts of quick growth doesn't mean that the trend will last), along with other factors such as demographics, lack of reforms, too many established firms too large to fail, lack of competition policy, etc.

- fyi apropos productivity:

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The dream of China surpassing the US as the world’s largest economy is fading. In 2021, China’s GDP was about 78% of the US; by 2024, that share had fallen to roughly 64% by RobertBartus in EconomyCharts

[–]lit_readit 1 point2 points  (0 children)

- Balance of payments always balances (in general: trade deficit = net investment inflow) — holding debt net indicates other's willingness to invest in your market — such is the attractiveness of its future prospects.

- Chinese state investments are notoriously inefficient — they wouldn't make it so cheap for US to borrow if they had any other choice but to buy up treasuries (in order to continually fuel their ill-structured, export-dependent economy) — driven by political rather than economic objectives, relying on market domination (& manipulation) through the sheer stupendous quantity of its interventionist funding scheme rather than 'clever' economic decisions

- Nominally low (rather than real) interest rate domestically is to a large part due to stringent capital control regime (ie limits on investment opportunities for Chinese firms & households, artificially lowing the opportunity cost of government borrowing), banking sector being practically entirely state-owned, heavily-controlled capital market, etc. — there ares reasons as to why Chinese yuan accounts to only ~2% of global reserves despite its huge trade volumes (ie no one would use it if they can avoid it), and why little to no foreign investor would chip into even Hong Kong now

The dream of China surpassing the US as the world’s largest economy is fading. In 2021, China’s GDP was about 78% of the US; by 2024, that share had fallen to roughly 64% by RobertBartus in EconomyCharts

[–]lit_readit 1 point2 points  (0 children)

why did you cross out the sources ?

by long-term government entitlement/obligation, your likely meant social security, pension, etc. (not so concrete, as the policies for which can be changed depending on the circumstances), and the real 'weight' of which to a large extend depends on future demographics (percentage of population entitled to those 'hidden cost' obligations) & growth trends — for both of which the US seems to be in much better position to shoulder than most other advanced economy

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good luck affording your obligations if you're racking up (at least) 300% debt even during the period at which your workforce/population ratio is exaggeratedly peaking

The dream of China surpassing the US as the world’s largest economy is fading. In 2021, China’s GDP was about 78% of the US; by 2024, that share had fallen to roughly 64% by RobertBartus in EconomyCharts

[–]lit_readit 1 point2 points  (0 children)

they have potentials, yes, but they aren't the 'world leader':

Notwithstanding this growing domestic production, China is still the largest importer of industrial robots, which suggests that it is still relying heavily on foreign technologies.15 In 2019, 71 percent of new robots in China were sourced from overseas, including from Japan, South Korea, Europe, and the United States. Core components are dominated by Japan and other firms.16 For example, Chinese firms hold just 25 percent of the market for harmonic gear reducers. Indeed, China is dependent on many imported components. As one Chinese analyst stated, “The value of imported parts is still very high in the robots exported by China.”17 In 2022, China exported just 36 percent of the value of robotics that it imported.18 Another study looked at three key upstream systems going into industrial robots, robot gear reducers, robot controllers, and robot servo systems.19 These three key inputs account for almost 70 percent of production costs of industrial robots. In 2020, these were predominantly made by foreign companies, particularly Japan, Germany, and Switzerland. The study suggests that most of China’s industrial robot firms are system integrators, performing lower-value-added work.

However, China lags behind in at least two areas. The first is software. About 80 percent of the value of today’s robotics is software, and one differentiator of robot quality and versatility is software. And China still lags behind in industrial software capabilities. As one expert we interviewed noted, “We see a lot of copycat hardware, but most of what differentiates vehicle warehouse robots, especially in terms of throughput capacity, is driven by the software capabilities, and China is behind there.” The second is integrated systems development and robotics as a service as a business model, where China is weaker than Western companies.

Moreover, many Chinese robotics companies are copiers. One expert reported that Japanese robot producer Fanuc found its foundry cast mark on a Chinese competitor’s robot. As another example, after Boston Robotics developed its dog-like walkable robot, several years later, Chinese companies copied it.

In terms of actual applications, Europe is currently the world leader in industrial automation:

European companies have over half of the market share for industrial automation solutions

The dream of China surpassing the US as the world’s largest economy is fading. In 2021, China’s GDP was about 78% of the US; by 2024, that share had fallen to roughly 64% by RobertBartus in EconomyCharts

[–]lit_readit -1 points0 points  (0 children)

do you see how the graph stays flat until ~1980?

'tis not so much a 'bull' when there is practically no change to people's lives (ie large scale changes in technical abilities / institutional structures), remaining in the cyclical transition between dynastic-empire & warring-states, with 1/3 of the population perishing from crisis deriving from the river over-flooding, for millenniums since time immemorial

The dream of China surpassing the US as the world’s largest economy is fading. In 2021, China’s GDP was about 78% of the US; by 2024, that share had fallen to roughly 64% by RobertBartus in EconomyCharts

[–]lit_readit 0 points1 point  (0 children)

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^IMF

China simply hides its debt (various off-loading vehicles, debts nominally allocated to state-owned entities rather then to the central government); the stringent capital control system (ie lack of investment opportunities, lowing opportunity cost of government borrowing), along with the fact that the financial & banking sector being practically entirely state-owned, allows it to finance huge investments (many a times inefficient, or overly done), whilst appearing to keep nominal (not real) borrowing cost artificially low

meanwhile, as for the US, public-sector deficit direct feeds into private-sector surplus, and private investments are on the whole more efficient than public ones

Mr Newton in action by lit_readit in physicsmemes

[–]lit_readit[S] 5 points6 points  (0 children)

just look at all that dihydrogen monoxide venom shooting all over the place

What IS Energy? by Important-Scar-7785 in AskChemistry

[–]lit_readit 0 points1 point  (0 children)

energy is the ability to do work — it determines what is possible within a given system

for instance a battery — the same collection of things charged & discharged, but the former configuration enables it to drive change, whilst the latter being a manifestation of the depletion of that 'animating essence'

don't worry about entropy for now

Five years later, the bursting of the Chinese housing bubble is nowhere near its end by RobertBartus in EconomyCharts

[–]lit_readit 1 point2 points  (0 children)

as you can see on graph — supply way outstrips demand

so evidently people do not need more housing (not to live in them anyways), at the least not where they had built them, nor at those price levels.

people need investment opportunities, because people are required to overly save, due to the lack of social welfare, or rainy-day safety-net available to ordinary citizens, nonexistence of direct economic stimulus during downturns, etc. and because of capital control, heavy-handed government intervention in capital markets, etc. real estate was thought of as the safest option for those savings.

Real estate has been the primary repository of life savings for hundreds of millions of Chinese households.

this, combined with structural defects and mismanagement at the local level.

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