Post
Topic
Board Economics
Merits 7 from 2 users
Re: China - everything is fine! But everything is bad ...
by
Philipma1957cellphone
on 05/08/2021, 19:14:57 UTC
⭐ Merited by amishmanish (4) ,Quickseller (3)
Quote
And, the further, the more difficult it will be for China to follow the achievements of the Western world, because capital has to move on its own, if not it is not capital, but the party moves. "

I disagree with that.China has very good intelligence and awesome hackers.The Chinese are very good at stealing technology from the west,so I don't think that it would be difficult for China to follow the achievements of the Western world.
China has accumulated lots of capital and it will accumulate even more in the future.A part of this capital might run away from China,but there's still lot's of it.
The CCP will keep it's power and authority in the future decades.I'm not a fan of the Chinese Communist Party,but we can't deny the fact that China turned from a third world country into a global economic powerhouse for about 30 years.

Why is it China is good at stealing tech?

But not good at inventing tech.

Is
I am a 64 year old white guy.
I have also heard

That the chinese are great at copies but not great at original thought.

Personally I would like to see some one say the Chinese made many great inventions.

I am pretty sure they invented gunpowder . That is a solid invention.