I’m a little bear
Kunming/Beijjng
Joined October 2023
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That guy? Han Feizi? He’s a fucking genius.
Importers trade assets for goods. The assets have value.
Ive been reading this guys articles also to see whats his take. its all one directional. asiatimes.com/2025/04/michae… In this article he states consumption creates nothing, but then talks how great Chinas export sector is (it is but exports REQUIRE consumption by IMPORTERS)
Decades long history. China entered the UNSNA (United Nations System of National Accounts) after excruciating negotiations and compromises.
Ideologically, many economists in China were still wedded to the Soviet MPS (material production system) system where services were considered a cost of production and explicitly excluded from national accounts.
The UNSNA itself also explicitly allows for leeway in how GDP is calculated “based on national conditions.” All UNSNA rules are best practices only.
On its initial negotiations, the NBS (National Bureau of Statistics) tacked on a ridiculously low 13% to its MPS number and called it China’s services GDP.
The negotiations with the World Bank were brutal with the Chinese side walking out of meetings many times. China wanted to be a developing economy for as long as possible.
Their arm twisting in the 80s and 90s allowed China to enter the UNSNA system with lowballed numbers and a hybrid MPS/UNSNA system.
China’s GDP today is a decades old compromise where 1) a massive chunk of services is excluded and 2) hedonic improvements have not been adjusted for decades.
This has helped with WTO negotiations, China’s self conceptualisation as the leader of developing economies and China’s self conceptualisation as an eternally developing economy.
It has been obvious for about a decade that the charade is untenable. I only say obvious things. I’m not that smart.
A bit of scholarly history attached.
tandfonline.com/doi/full/10.…
They are making 150-225x as many Chinese people that can do high level mafs/science versus US wypipos.
Gets yo ass in gear bro! Whip yo kids!
You think I or my son are gonna carry yo deadweight forever?
Blue Bear retweeted
Ostensibly, I was sent to run post Cold War propaganda campaigns in rural Africa.
But I realised what my real job was. It was to propagandise Americans (and other Westoids).
To create a cannon fodder class for the Wall Street elites. I got a lot of people killed in the Global War on Terror (partial responsibility).
For my efforts, I was rewarded with a lucrative career in international finance.
The world works in mysterious ways.
Blue Bear retweeted
People who have never been to China may assume that China has a homeless problem like other countries.
Rural residents have access to residential land, and there is no annual property tax on ordinary homes. For $30,000–40,000, you can build a two-story house.
For very poor families, the government may fund the construction of a single-story house, with the size depending on the number of family members.
Even when government assistance falls short, people are unlikely to end up homeless. China is a society that values family ties. Cousins and other relatives would step in to help when necessary rather than let their own family members end up on the streets.
Blue Bear retweeted
C’mon bro…
These are either rough sleeping travelers at the train station or factory workers on a night shift break.
Notice they’re not encamped with all their belongings. They’ll be on train in a day.
China jess does not have a homeless problem in kind or in degree as Western Countries do.
Squalor is a wypipos thang.
Blue Bear retweeted
Well… exactly. China proactively clears out its homeless, forcing them into shelters, mental health facilities, arranges accommodation through family.
Homelessly does not exist in degree or kind as it does in the West… leaving people to undignified squalor.
Squalor is a wypipos thang.
I live in China dude. Off and on for decades. I was head of Hong Kong/China research of a major investment bank. I live and swim in data.
Show me data on China’s homeless.
China jess doesn’t have that problem in numbers and in kind that exists in the West.
Squalor is a wypipos thang.
Homeless people in China? Slums in the big cities?
One of us has never been to China.
Squalor is wypipos thang, bro.
Blue Bear retweeted
Oh wyboy isn’t a racial term.
What do you think I am, some kinda rayciss?
Hey… I never dismiss some because of their race. What am I, some kinda rayciss?
Wyboy/wypipos isn’t a racial thing.
Wyboy is a state of mind. Clueless, butthurt, out of step with changing times.
Somewhere on the Kubler-Ross and Dunning-Kruger curves.
Can’t control their impulse to lecture on topics beyond their ken.
There are lots of Azn wypipos. Like @afrazhaowang.
