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Joined 11 months ago
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Cake day: August 17th, 2023

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  • Interest rates are about 3.5% in China while they’re about 5% in the US, which means China has less room to perform expansionary monetary policy than the US.

    No, that means China has more room to perform QE. Interests rates must lag inflation. Target interest rates are 2%, and QE causes inflation and interest rates must rise as a response, generally. (With a few caveats) China also has a healthier debt to gdp ratio than the US. But Chances are they won’t raise their debt ceiling.










  • To be fair, a lot of what we’re learning here is revolutionary theory. It’s theory, when applied, would lead to a revolution.

    China’s already had their revolution. They don’t need to know how to start another one. They need to know how to protect itself from imperialism while advancing socialism. (Because it’s a third world country) One element of which is to be nationalistic, but in moderation.

    If a revolution is to succeed in NA or the EU, we would have to take a different approach, as they are mainly first world countries. Nationalism in this context means to advance imperialism rather than to resist imperialism.



  • If you go to a very urban area, and find a hole in the wall restaurant among well renovated shops, then dining there is a must.

    Shopping centers in China are just built different. The top floors usually contains a daycare and restaurants.

    Chinese national parks are also built different.

    Highly recommend that you download an offline map. I use OSMAND. When you get back, use it to plan out your trips. (This isn’t China specific) Also, Baidu and DIDI is your friend. Actual friends are also your friends.

    There are some extremely high tier super elite shops, restaurants, and services, with quality above and beyond anything you can find in NA. It’s worth a visit if you can find them. It’s expensive AF, even in foreign currency, but unlike expensive luxury shit in the west, it’s very much worth it. Like, I bought a $10CAD cup of black coffee brewed from Colombian Sakura beans and it was literally the best thing I’ve ever tasted. I came back to Canada and I couldn’t drink the coffee here for 2 months because of how bad it tasted in comparison.

    Coffee is very expensive in China. But try out the local soft drinks. All the local soft drinks. China is the best place to go to quit coffee.

    You generally don’t need to pack your own food. You can just buy food anywhere. But it’s kinda a ripoff if you specifically buy food at tourist traps, like $10yuan for a sausage on a stick.

    Older people will tell you to watch out for bandits and kidnappers. But the most danger that you’ll be in is in danger of being ripped off.

    You can’t drink tap water in China. You’ve got to boil it first. Stick some tea leaves in there while you’re at it.

    Depending on where you’re shopping, you can haggle.

    If there are signs saying not to take pics of military installations, then that’s just a suggestion. I have a pic of China’s stealth battleship in dock somewhere on my phone. But there areas that are military bases / military ground that you should avoid. (Hainan specific)

    Update: don’t take pictures of military installations because you might take find yourself photographing something that you’re not supposed to.

    Highly suggest that you go off grid and wander around not just the urbanized areas but also the poorer areas and ghettos. It’s gorgeous and it’s got a ton of history.

    Learn to ride a Vespa before going to China because you can rent a Vespa in some areas that makes getting around easier.


  • Ronin_5@lemmygrad.mltoGenZedong@lemmygrad.mllol
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    6 months ago

    Check out US steel’s stock price. Usually it jumps up when a company is being bought out. This is to reflect the price the buying is willing to pay for the stock, which is usually at a good premium.

    None of this will go to the workers. This is not a win.

    Regarding Chinese steel manufacturing, last I calculated, the average steel maker in China makes 3-5 times more steel than the average steel maker in the US, while working the same hours.