robertpauls.bsky.social
Political economy of China's socioeconomic transformation, monetary policy, industrial policy. Suzhou, China. www.robertpauls.net
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Yes yes, all agreed, but still, let’s say net exports and FDI would have grown at half pace, would China be where it is now in terms of technology or, say, naval ship-building capacity? These are open questions.
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Would be useful to have a third case that confirms the counterfactual argument.
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Agree, but is that the argument that is being made? China’s net exports as share of GDP and FDI soared after WTO accession. Granted, the US only was responsible for parts of that. But if US had blocked WTO membership, exports to other nations may have been lower as well.
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Yes, but MFN status was conditional on annual presidential approval. So the argument that the US grew their own competitor still stands, I’d say. Not implausible either.
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It’s a plausible assumption but by no means a certain one given GATT rules allowed discrimination against non-members. The East Asian late developers all were members.
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The PRC never was a contracting party to GATT.
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Net exports may not be a good indicator vulnerability to trade here. China’s trade/gdp ratio is about 38%. A significant decline in this ratio will likely impact consumption and investment spending.
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Amazing
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It's the 18th Brumaire that better describes the class politics of the current moment, not the Communist Manifesto.
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Context are encircling maneuvers announced by the Eastern Military Command today www.news.cn/20250401/01e...
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By "foreign-related statistics inquiries" do they mean transferring Chinese data abroad?
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While this may reduce the household savings rate, it may also further exacerbate wealth inequality among households with potentially negativ effects on the structure and volume of consumption.
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Red White and Blue Dawn
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“The United States will not sell bitcoin deposited into this Strategic Bitcoin Reserve, which will be maintained as a store of reserve assets.”
What's the point of a reserve asset that you cannot sell?
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These things were always risky. No matter economic boom or bust, a good share of small businesses just disappears over the spring festival.
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In Sachen digitaler Souveränität und Infrastruktur könnte man in Deutschland und Europa viel von Indien lernen. Bezweifele aber, dass die Scheuklappen das zulassen.
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In Taiwan, high popular confidence in the voting process has been achieved through the public counting of paper ballots.
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Auf jeden Fall Sieger der Herzen, Schalke lässt grüssen.
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It’s the temple's name, 台灣省城隍廟
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Didn’t know this was your project. Great stuff!
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The trend appears to have started in January already though
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Thanks for bearing with me thru the stats.
Take away message: I found multiple instances of data discrepancy that suggest either intentional data fraud, negligence by clinical trial team/drugmaker, and poor regulatory oversight by NMPA. It is very unlikely that they are simple "editorial errors".
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Yes, the party believes that growth can still be achieved by addressing inefficiencies, hence "supply-side structural reforms" and "comprehensive" reforms that try to coordinate across domains.
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And this is exactly why they say: look what we have achieved with cars. Our path is the right one. Jet engines next.
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Re 1), they have been very successful according to their own standards by fully integrating high tech supply chains in China since 2015. Re reform, Xi emphasizes the need for it for survival, but of course his analysis is a different one than e.g. Jowitt's
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The party would say: 1) The priority isn't growth, but security and sovereignty. 2) Catch-up first, redistribute later. Aside, from a political economy perspective, the party knows how to steer investment, but is struggling to address or uninterested to stir political conflicts around redistribution
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While MS isn’t blocked, the interoperability of the services they offer within and outside China is limited. E.g., my Chinese OneDrive does not play well with that of colleagues outside of China
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想蛇么，有蛇么！
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All your bling bling needs are covered on Taobao