How China's Military Views the United States

Chairman Xi demonstrating his mental acuity by building his version of "Swamp Castle". His "Shining City on the Hill", or Dream City, is a waterlogged city in the muck, just south of Beijing. It is supposed to be a technology hub to rival Shenzhen. All of the other well-known Chairmen in China have built great cities, so why shouldn't Xi? Shenzhen was built by Deng Xiaoping, and Shanghai's Pudong New Area was built by Jiang Zemin. Surprisingly, Xi's predecessors were smart enough to avoid building in a swamp. The recent flooding and construction have locals angry enough to risk their lives by protesting, claiming that their area has become Beijing's moat.

As with all communist endeavors, this project was kicked off with much arrogance and fanfare, with Xi announcing that his plan qualifies for "one thousand year significance". It may be significant if it is the straw that breaks the camel's back and causes the economy to collapse. Does China have enough money to tame Mother Nature?

Xi Jinping is building a dream city. Devastating floods raise questions about his plan

 

Foreign investors are dumping Chinese stocks in a furious bid to salvage some of their investment. Getting rid of that useless foreign capital should help China's economy, right?

Foreign investors are giving up on China as capital flows reverse

 

More on the policies from Beijing that are driving investors out of China's stocks. Basically, Chairman Xi says that medical care should not be a for-profit industry. Investors have taken this to mean that there will be no profits for their capital.

Analysis-China's crackdowns rewrite investors' private sector playbook

 

More ignorance, I see.

I suppose that Chinese people could live longer than Americans, but most of the rest is crap. Very few jobs in the U.S. have a "mandatory retirement age". You retire when you want to. You may have to wait to age 67 to get your full social security benefits, but half of the U.S. population has other retirement savings. Chinese may think they "own" their apartment, but in reality they don't. They own the place for 70 years, and then the building reverts to the government so it can be demolished and replaced. Most people find out they are trapped in their apartment, because no one typically maintains it properly, and they want to get out before the place is halfway through its life cycle. The value of the home dramatically drops in the first 20-30 years, and it's difficult to sell it. Average mortgage years is irrelevant. Trust in government? Who else are they going to trust in a one-party system with few freedoms?

Here are some numbers for per capita income:

U.S. - $63.1k

China - $10.6k

Note that the average U.S. retiree gets $21.4k/yr from Social Security, which is about double what the per capita income is in China. The average Chinese citizen gets $5.5k/yr in retiree benefits.

China has a smaller percentage of people in poverty, but that is mainly because the U.S. has a different standard for poverty than China does.

Here is an article that was written before the 2023 economic collapse of China, indicating that Americans will continue to be wealthier than the Chinese for at least another 50 years.

https://www.cnbc.com/2021/03/26/us-...-china-for-the-next-50-years-or-more-eiu.html

 

Harvard weighs in on China's economic collapse (not to be outdone by Yale). Harvard's economists believe that China's economic collapse is due to their response to the 2008 global economic recession, which included over-investment in real estate.

China's economic troubles are a result of the post-2008 'debt supercycle' finally coming back to bite it, Harvard economist says

 

Western data analyst company in China was fined $1.5 million with five employees arrested for . . . gathering and analyzing data.

China fines Mintz $1.5 million for 'unapproved' work, after raiding its Beijing office

This should help bring back western capital to China . . . or not.

 

Actually, China's war movies are much less realistic than America's war movies.

Besides, what China's military is most afraid of is comedians who mock the abilities of the soldiers. They are too terrified to even contemplate other countries' armies.

 

China's Xi Jinping skips his speech at the BRICs business forum due to embarrassment at China's recent economic performance. A commerce minister had to read Xi's speech for him. The speech was slanted toward ignorance and ingratitude, as Xi accuses the U.S. of fighting countries that threaten U.S. dominance in global affairs, while ignoring the fact that it was largely U.S. capital and technology that built China into a superpower the last 30 years. No admission of whether China's espionage, technology theft, and rapid militarization the last 20 years could be causing the U.S. to oppose and contain China.

No explanation as Xi Jinping unexpectedly skips his speech at Brics business forum