Economy of China
economy of the country
The economy of China is a Mixed Socialist market economy composed primarily of state-owned enterprises and that uses economic planning, while still allowing for many private businesses to flourish, as well as private investment.
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- [suspended by authorities due to] a change in the regulatory environment on financial technology
- Ant Group according to Where is Jack Ma? Chinese billionaire suspected ‘missing’ after Ant Group IPO suspension posted January 4, 2021
- Regarding the Africa’s Business Heroes competition, Mr. Ma had to miss the finale due to a schedule conflict
- [Ma is] lying low for the time being
- CNBC according to Barron's What the Stock Market Is Saying About the Georgia Runoff posted January 6, 2020
- The financial fallout would be far reaching. Evergrande reportedly owes money to around 171 domestic banks and 121 other financial firms
- China's fourteen percent growth rate does not mean it's going to be a world power. It means that coastal China, where the economic growth is taking place, is joining the rest of the Pacific Rim. The disparity with inland China is intensifying.
- [It would be] naive to think that the turmoil in the market doesn’t have the potential to have second-order and third-order impact. Clearly with the changes that are taking place in the Evergrande situation, it’s concerning.
- I think the [Chinese government] wants to step in further to solve this situation.
- The economy's still going but the short term will be a bit painful.
- The problem is that you don’t restructure the world without restructuring the Chinese economy and you can’t restructure the Chinese economy without restructuring the political system all the way up to the very tippy top. The people at the tippy top have some say in how that all goes down... the question is how much.
- Peter Zeihan and Melissa Taylor, "The Cutting Room Files, Part 6: The Future of the China" (18 December 2019), Zeihan on Geopolitics
- In China, money – capital, to be more technical – is considered a political good, and it only has value if it can be used to achieve political goals. Common concepts in the advanced world such as rates of return or profit margins simply don’t exist in China, especially for the state owned enterprises (of which there are many) and other favored corporate giants that act as pillars of the economy. Does this generate growth? Sure. Explosive growth? Absolutely. Provide anyone with a bottomless supply of zero (or even subzero) percent loans and of course they’ll be able to employ scads of people and produce tsunamis of products and wash away any and all competition.
- Peter Zeihan, "A Failure of Leadership, Part III: The Beginning of the End of China" (15 May 2020), Zeihan on Geopolitics
- Encyclopedic article on Economy of China at Wikipedia