Read on Twitter
3 startling facts of last 10y #China: Exports moved up from low-wage assembly (iPhones) to Capital goods & white goods; It now competes with S Korean & German firms (& #39;China Shock& #39; 2?); Workers wages have ↑ 300% h/t @hancocktom https://twitter.com/70sBachchan/status/1032388533707669505">https://twitter.com/70sBachch...
https://www.ft.com/content/cdc53aee-bc2e-11e8-94b2-17176fbf93f5">https://www.ft.com/content/c...
https://www.ft.com/content/cdc53aee-bc2e-11e8-94b2-17176fbf93f5">https://www.ft.com/content/c...
Stunning change in just 10 years. https://twitter.com/hancocktom/status/1194117033291419653">https://twitter.com/hancockto...
China& #39;s Industrial policy = Hamiltonian state finance + Jacksonian trade protection + Fordist assembly lines + Kennedyesque R&D spending.
US really should have taken out IP on its history!
US really should have taken out IP on its history!
Globalization of past 20y has worked well for Chinese workers, US banks & US consumers. But worked badly for Chinese banks, Chinese consumers, US producers and US workers.
Essential @michaelxpettis book "Trade Wars are Class Wars"
https://yalebooks.yale.edu/book/9780300244175/trade-wars-are-class-wars">https://yalebooks.yale.edu/book/9780... https://twitter.com/michaelxpettis/status/1196678214887727104">https://twitter.com/michaelxp...
Essential @michaelxpettis book "Trade Wars are Class Wars"
https://yalebooks.yale.edu/book/9780300244175/trade-wars-are-class-wars">https://yalebooks.yale.edu/book/9780... https://twitter.com/michaelxpettis/status/1196678214887727104">https://twitter.com/michaelxp...
Many are still stuck in pre-Crash view of China& #39;s economy as a low-cost export powerhouse. Post-Crash China is a domestic demand-driven economy. A vast internal market supercharged by a logistics revolution (cheap transport) that attracts the worlds firms. https://www.ft.com/content/a7a8bf98-4f12-11ea-95a0-43d18ec715f5?accessToken=zwAAAXBH8eTAkdOnqL-YTxIR6tOVoEPRjscV9Q.MEUCIQDkVfaMC0je2kmqKZVQEctH-t4zY2JHzLaKe7nadoglwQIgR6sxuyfk3idxg0UE3ta5T9TGbRbqddqa0KzWbI7zy9o&sharetype=gift?token=ba7a64bc-15c5-45dd-9a2a-d9aaff0d49cf">https://www.ft.com/content/a...
China& #39;s Stimulus into city-clusters post & #39;08 is old hat. Less known is its supersizing US/EU 20thC intermodal transport model to increase size of internal mkt. Removing blockages in rail, road, water, warehouses supported by FDI drove logistics revolution
https://americanaffairsjournal.org/2019/05/chinas-city-clusters-pioneering-future-mega-urban-governance/">https://americanaffairsjournal.org/2019/05/c...
https://americanaffairsjournal.org/2019/05/chinas-city-clusters-pioneering-future-mega-urban-governance/">https://americanaffairsjournal.org/2019/05/c...
Sound familiar? Thickly populated wealthy industrial Eastern seaboard; ppl poor resource-rich hinterlands in the West; Railroads & real-estate financial boom; Cheap water transport along great Rivers; Massive FDI & flow of know-how from a richer continent. https://twitter.com/70sBachchan/status/1194643097453355008">https://twitter.com/70sBachch...
Excellent analysis of urban metabolism in China& #39;s clusters. Its accounting of city-level CO2 by industry & energy/resource flows further afield. Large cuts (>30%) possible by changing small # of super-emitting infra ht @SteveDavisUCI @yuli_shan @DaboGuan https://advances.sciencemag.org/content/4/6/eaaq0390">https://advances.sciencemag.org/content/4...
China& #39;s Post-08 restructuring was 𝘪𝘯𝘵𝘦𝘳𝘥𝘦𝘱𝘦𝘯𝘥𝘦𝘯𝘵 w West. Crash caused by US-EU banks collapsed Trade. Staggering
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇨🇳" title="Flagge von China" aria-label="Emoji: Flagge von China">stimulus, smaller US & EU& #39;s Austerity were choices.https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇨🇳" title="Flagge von China" aria-label="Emoji: Flagge von China">demand for Jap/Ger cars, US MNC& #39;s, Aus coal, LatAm Ag etc kept systm afloat https://www.ft.com/content/df82b67c-a5f2-4ee2-b168-85f4bbb9b05f">https://www.ft.com/content/d...
Wuhan went from a backwater to a 2nd tier city after China& #39;s urbanization post 2008. It became a Auto hub as companies such as GM, Renault, and Nissan set up factories further inland for China& #39;s booming internal market. ht Andrew Liu https://www.theguardian.com/commentisfree/2020/apr/10/blaming-china-coronavirus-pandemic-capitalist-globalisation-scapegoat">https://www.theguardian.com/commentis...
Simply the most astonishing Farm->Factory->Services transition in history. Carbon fuelled mechanization & urbanization created a vast domestic market that attracts the worlds firms & sustains global growth. Nice @adam_tooze podcast https://www.ft.com/content/df82b67c-a5f2-4ee2-b168-85f4bbb9b05f">https://www.ft.com/content/d... https://twitter.com/adam_tooze/status/1285680953545953283">https://twitter.com/adam_tooz...
Sound familiar? Though tens of millions have lost jobs in cities, & rural ppl in distress amid flood disasters, luxury brands in China clock record sales.
Inequality widens in China& #39;s new Gilded age. ( @yuenyuenang& #39;s excellent book https://sites.lsa.umich.edu/yy-ang/wp-content/uploads/sites/427/2020/03/Chinas-Gilded-Age-SummaryIntroduction.pdf">https://sites.lsa.umich.edu/yy-ang/wp... https://twitter.com/yuenyuenang/status/1297259980945600512">https://twitter.com/yuenyuena...
Inequality widens in China& #39;s new Gilded age. ( @yuenyuenang& #39;s excellent book https://sites.lsa.umich.edu/yy-ang/wp-content/uploads/sites/427/2020/03/Chinas-Gilded-Age-SummaryIntroduction.pdf">https://sites.lsa.umich.edu/yy-ang/wp... https://twitter.com/yuenyuenang/status/1297259980945600512">https://twitter.com/yuenyuena...
