₦airaland Forum

Gerrard59:
But China overtook Japan ten years to become the second largest economy. While India has overtaken Brazil and France to be in the top seven. As it's, India would soon overtake Japan (only a matter of time anyway) and that's because the Japanese economy hasn't been growing as her neighbours even with the most extreme measure of quantitative easing and devaluation of the yen (which has a limit if not standards of living drops while cost of living increases).

Neoteny7:
Man you're obtuse

The article mainly talks about how Apple designs the phone and oversees component sourcing, while China's Foxconn builds the devices. This is ths same Foxconn that setup an iPad factory in 90 days.

And did you notice the disclaimer at the bottom of the article?

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

It also says the author is a technology writer who pens for the opinion column of Bloomberg.


China's national debt is 5.2 trillion dollars.

The US national debt is 25 trillion dollars. Go figure.

I'm not impressed by your infantile threats, boy, because so far you've been doing nothing but sullying your reputation with misinformed and ignorant nonsense.

I'm waiting for you to make good your childish threat.

Gerrard59:
That is not entirely true. In which sectors is she leading? In AI, China is competing with the Yanks in relevant paper publications in high repute journals. In gene editing, China is there. In electric vehicles, how many Japanese firms are conducting research into it? The one she is facing - hydrogen powered vehicles - is not selling even with massive subsidies by the government. Japan has huge potentials for geothermal energy but it is China that is powering research into it same with solar and wind. She pioneered regenerative medicine but the commercialisation is done by the Americans not Japanese. You mistaking the development of city with innovative nature of its entire populace. So using that, are the Emiratis innovative? Malays? Even the 5G everyone is talking about, South Koreans and Chinese are at the forefront not the Japanese. South Koreans started using 5G before the Japanese and are currently undergoing research into 6G ditto with the Chinese. Where is Japan in all these? It is a technologically advanced country but compared to her contemporaries, she is not innovating well enough. Yet again, the proportion of Japanese firms on the Fortune 500 global list and Forbes 2000 list of public companies have reduced substantially. Indian and Chinese firms are taking over.

Thanks for mentioning the maglev train technology which alongside robotics and regenerative medicine are where she has innovated.

https://asia.nikkei.com/Opinion/How-to-revive-Japanese-innovation The number one business and economy focused newspaper. Heck, even the number of patents are reducing.

Gerrard59:
Those are innovative but not in this century or even within the last decade. All you mentioned are currently being done cheaper with same quality by the South Koreans. If you noticed, no gene therapy, gene editing, driverless cars, electric vehicles (the closest she has done is hydrogen powered vehicles but sales have been abysmal with subsidies) was mentioned. Regenerative medicine that she innovated, Americans are creating companies using the technology and are going faster than her. I did not state that she is not innovative but compared to the Americans and Chinese, she is no more innovating.

goaldynman:
We know you are one of America's hater; but if you must hate, hate with sense!!

Tell us which Chinese or Russian friend that is developed and their citizens are not suffering?!

America and Western countries developed and industrialized West Germany; While East Germany that was being overrule by Russia, the citizens were starving and jumping the boundary walls to get to the West!!

South Korea which was developed by the aid of America is among the top ten economy in the world while North Korea which is China and Russia's Ally is a third world country!!

Japan which is America's Ally is the third largest economy in the world and also with high standard of living!!

If they give you South Korean or North Korean visa, you know you won't chose the latter. If they give you Japanese or Chinese naturization, I know you will rush and grab the former! So stop deceiving yourself!!

Look at the Ajaokuta steel complex that Russia is building for Nigeria for over three decades where it is! Compare it with the ones America has built in other countries like Taiwan, Singapore, etc!!

All the countries you mentioned are happy with their relationship with America! Why are you crying more than the bereaved? If not for America, China would have invaded Taiwan; but they Dare not!

You are one of those who thinks developing nuclear weapons is all there is to life!! Where will the nuclear weapon North Korea and Iran is seeking lead them if not self-destruction?!!

goaldynman:
This is an extract from the link you provided and you are still arguing that the Japanese are not innovative:

"Japan still ranks second only to the U.S. itself for the number of patents granted to innovators from a single country....."

Smh!!

SavageBoy:
Express your anger,you are free bro

Seyilome:
Japan is no more innovating ?, Damn. Just mention any aspect of technology that u won't find Japan, that is why they are always refer to as Japan Technology while Germany are refer to as German Machine. Japan represents in all aspects of,
Electronics: Sony,Panasonic,Philips,Sharp,Toshiba,Matsui,Akai,Hitachi,Fujitsu,JVC Kenwood NEC coporarion,Seiko epson,Casio etc.
Video and Photography:
Cannon,Kodak,Fuji,Sony,Konica,Nikon.
Automobile:Toyota,Lexus,Honda,Acura,Nissan,Infiniti,Mitsubishi,Subaru,Mazda.
Games :
Sony, Nintendo
Metal and steel:
Nippon steel,Sumotomo metal solution.
Powerbike:
Honda and Yamaha. So on,so on.
Note: I just mention all these off hand without google and also all these companies are on top of their games.If Japan are not strong technologically earthquake would have destroy them but thanks to their hi tech . Thanks bro

udemzyudex:
How did you know China has prepared for this?

Another China slave in the making.

Gerrard59:
That is not entirely true. In which sectors is she leading? In AI, China is competing with the Yanks in relevant paper publications in high repute journals. In gene editing, China is there. In electric vehicles, how many Japanese firms are conducting research into it? The one she is facing - hydrogen powered vehicles - is not selling even with massive subsidies by the government. Japan has huge potentials for geothermal energy but it is China that is powering research into it same with solar and wind. She pioneered regenerative medicine but the commercialisation is done by the Americans not Japanese. You mistaking the development of city with innovative nature of its entire populace. So using that, are the Emiratis innovative? Malays? Even the 5G everyone is talking about, South Koreans and Chinese are at the forefront not the Japanese. South Koreans started using 5G before the Japanese and are currently undergoing research into 6G ditto with the Chinese. Where is Japan in all these? It is a technologically advanced country but compared to her contemporaries, she is not innovating well enough. Yet again, the proportion of Japanese firms on the Fortune 500 global list and Forbes 2000 list of public companies have reduced substantially. Indian and Chinese firms are taking over.

Thanks for mentioning the maglev train technology which alongside robotics and regenerative medicine are where she has innovated.

https://asia.nikkei.com/Opinion/How-to-revive-Japanese-innovation The number one business and economy focused newspaper. Heck, even the number of patents are reducing.

bluefilm:
Only in your imagination.

But in reality, China can only continue to wax stronger and stronger.

America will fall.

mofedamijo:
I am not here to argue, i am giving you straight facts, Japan is still the most technologically advanced nation in the world, right at this moment...... so to say they lack innovation is absolute gilbrish.........Toyota, Mazda, Nissan, Honda, Mitsubishi, Fijitsu, Toshiba, Subaru, Canon, Sony Suzuki, just to name a few. Japan has 52 companies listed on the fortune 500, that means they have over 10% companies listed on fortune 500, out of over 193 countries, Japan came third, India is not on the top 10, so to say they lack innovation is completely and totally wrong......nice chatting with you.

Mirallas:
Because they have a stable government unlike their western counterparts. Just take a look at who is in crisis now,see how corona virus has exposed the unsustainable system of the west

Mirallas:
This are all technologies whose foundation was laid decades ago, nobody cares much about cars this days, even the electric car that has now taken centre stage is been produced in China(Tesla), with China also one of the leading authorities on the tech and that is talking about the Japanese domain, there are still a lot like the person you quoted mentioned.

timesup234:
Nothing to see here. The Japanese economy has been dead and buried for almost 30yrs no thanks for them for being a slave to the United States. In contrast the Chinese economy is $8 trillion bigger than the United States in purchasing power parity. Japan is a ant. The Chinese dont a fvck about them

Nefort:
You don't know what you are saying. Whenever the US needs money they borrow money by issuing bonds and China buys the bonds. That is how it works.

If the US refuses to pay their debt and they sell bonds again, it will harder for the US to raise the money they need if China wouldn't buy the bonds.

djon78:
America recently passed a stimulus package of over $2 trillion for it's citizens.
Did they borrow money from China?

You guys make me laugh.
US, China are all debt nations.
US debt to its GDP ratio is 300 percent
While China's debt to GDP ratio is over 200 percent.

Why does the west control the IMF and the world bank?
What was the major reason murmur ghadafi was taken out?

Before the second World War countrues had underlying assets that supports there currencies which was gold.

After the second World War, the US took over global finance. Europe was bankrupt
US gave them stimulus package called Marshall plan to resuscitate there economy.

Brentwood financial institution were formed IMF and world Bank.

US removed gold as underlying assets for it's dollar money.
Till today all the dollars used around the world is just paper printed by the US Federal Reserve. Even OPEC pegs the worth of its commodity oil on the dollars due to an excellent robust relationship with the rich gulf oil states led by Saudi Arabia.

Why was ghadafi marked out for judgement? When he started taking gold instead of the US dollars for Libya s oil in defiance of the US.. After the death of ghadafi one of his sons caught was found with golds worth billions of dollars.


The Anglo Saxons comprising of the US, UK, EU, Canada are the ones controlling the global finance. I have done international money transfers for business. Any money my company transferd to Asia must stay 3 days before its gotten over there,. It must pass through New York, London for verification before its gotten on the other side.

The US and her cousins in UK and Europe has total grip on the global finance and China is not there match.

I read one report that for the next 50 years US will still be the leader.
The Googles, twitter, facebook, what'sapp, instagram, Microsoft,, Tesla etc are still run by the US. And very many including Hollywood, entertainment, are all still being controlled by them.


China is not a mate with the US in anything. They are still kids.

Nefort:
How did you know the $2 trillion wasn't borrowed? You work at the federal reserve?

Is global finance influence all about transactions spending one year at New York and London before the money gets to Asia? At the end it's all about who owns the money that determines who has the influence.

You think China doesn't have their own big tech companies similar to Google, Facebook, Tesla? The only difference is that they are all domestic companies serving the Chinese market which is still large. As time goes on they will become multinationals like Huawei. Alibaba and TikTok are already global and more will come up soon.

In the next 50 years the US will may only have a little military advantage. But China will very much likely be the leading economic power. They will likely take the economic leadership in less within 15 years.

djon78:
China is not half as rich as US.
China is still a debt nation with a high debt to GDP ratio.
America has better standard of living than the Chinese. How can you borrow money from someone you are better off economically.
Does it make sense to you.



Even Chinese economy is still proped up by western nations moving there manufacturing jobs to China because due to cheap labour and nothing more because the minimum wage of US and Europe is high. Manufacturing jobs in these countries will be expensive. While China's wage bill is paltry.
China is a poor nation that can't even pay a decent minimum wage.

But now there are alternatives to China. India, Vietnam, Thailand even Malaysia etc are better destinations to shift manufacturing job, which is what this article said Japan is doing.


China has been scamming America in trade, which Trump has fought against and China came to the negotiating table because it was hurting there exports which is the major driver of there economy.


By the time this epidemic has been controlled, the west will start withdrawing there manufacturing jobs from China because there are alternatives.


That's why African leaders must be wary of China. We may not be developed but Africa is a huge resources rich continent.
Has a very young population with more under 25 populace more than any other continent.
This signifying that with the right policies of quality education and good economic management and planing, the future of Africa is bright.

The only problem being leadership that doesn't understand the huge advantage Africa has and selling herself cheap to the cunning Chinese.

Nefort:
You are making many wrong statements just to appear knowledgeable while you are NOT.

China is over half as rich as the US.

https://en.m.wikipedia.org/wiki/List_of_countries_by_total_wealth

China debt to GDP ratio is 55% while the US debt to GDP ratio is as high as 106%.

https://worldpopulationreview.com/countries/countries-by-national-debt/

The US sells treasury bonds and China buys them. That is how the borrowing happens. Asking how a bigger economic borrows from a smaller economy is just naive.

Even if every foreign company pulls out of China it will not effect China that much because they already have lots of domestic manufacturers to fill the void and keep the masses employed. China has a large population and it will be very hard for everyone to earn large salaries. But the income level will improve as the Chinese economy keeps growing. China is only poor in GDP per capita due to their large population but they are still the second richest country in the world.

America has a higher standard of living because they have being enjoying steady economic growth for over 150 years while Europe and China were in war and political turmoil. The US population is also lower than that of China so it is much easier to have a better standard of living when the population is not so much. The US has a better standard of living also because they rely on cheap labour overseas. Just bring manufacturing back to the US and watch their standard of living depreciate.

China's economic reforms and rise only started about 30 years ago and they have already pulled out 700 million out of poverty in such a short time which is two times the population of the United States. Just give them 20 more years and you will witness another rapid increase in standard of living. China already has better public infrastructures than the US.

The US is only 16% percent of Chinese global trade. Which means China still has 84% of the world to trade with. Therefore China can survive without trading with the US. The trade war wouldn't do them any severe damage.
http://www.worldstopexports.com/chinas-top-10-exports/

China is not yet as powerful as the US but they are not as weak you think. As times goes on their power increases while the US power diminishes.

djon78:
China is not the second richest country.
You don't measure a rich country by just size of GDP.

You measure a rich country by how well off the citizens are. Even Japan, South Korea are richer countries because of high standard of living, good per capita income, good minimum wage, better quality of life. Hdi index etc.
How can you be rich when you pay your citizens pea nuts as minimum wage?
That's no definition of rich.


China is not even in the G7 nations, the most industrialised and best living nations in the world.


What actually drove China's growth is globalization. And since Trump's ascent to power, many countries in the west are looking at Nationalism because that's was what gave them advantage in the 80s and 90s.

This corona virus debacle has even highlighted that all this mixing up is hurting the west.
So they will have a better strategy because globalization have been more detrimental to them. Even African nations will be better off when we look more inward and develop our selves. Example this virus epidemic has brought a slap to the faces of our ruling class.
Before they will run to western hospitals neglecting our health sector. But now international doors have been slammed on there faces.

GamalNasser:
I predicted this two weeks ago , next America will move production to India and let's see what China is

mofedamijo:
I am not disputing that, however, to completely write off Japan is preposterous. Also, millions of cars are sold yearly, and Toyota is still leading. Companies rush to China for cheap labour not necessarily for technological advancement. Mind you, every innovation and inventions by the Japs are still leading their peers till date, have a nice day.

mofedamijo:
I am not disputing that, however, to completely write off Japan is preposterous. Also, millions of cars are sold yearly, and Toyota is still leading. Companies rush to China for cheap labour not necessarily for technological advancement. Mind you, every innovation and inventions by the Japs are still leading their peers till date, have a nice day.

Nefort:
You are making many wrong statements just to appear knowledgeable while you are NOT.

China is over half as rich as the US.

https://en.m.wikipedia.org/wiki/List_of_countries_by_total_wealth

China debt to GDP ratio is 55% while the US debt to GDP ratio is as high as 106%.

https://worldpopulationreview.com/countries/countries-by-national-debt/

The US sells treasury bonds and China buys them. That is how the borrowing happens. Asking how a bigger economic borrows from a smaller economy is just naive.

Even if every foreign company pulls out of China it will not effect China that much because they already have lots of domestic manufacturers to fill the void and keep the masses employed. China has a large population and it will be very hard for everyone to earn large salaries. But the income level will improve as the Chinese economy keeps growing. China is only poor in GDP per capita due to their large population but they are still the second richest country in the world.

America has a higher standard of living because they have being enjoying steady economic growth for over 150 years while Europe and China were in war and political turmoil. The US population is also lower than that of China so it is much easier to have a better standard of living when the population is not so much. The US has a better standard of living also because they rely on cheap labour overseas. Just bring manufacturing back to the US and watch their standard of living depreciate.

China's economic reforms and rise only started about 30 years ago and they have already pulled out 700 million out of poverty in such a short time which is two times the population of the United States. Just give them 20 more years and you will witness another rapid increase in standard of living. China already has better public infrastructures than the US.

The US is only 16% percent of Chinese global trade. Which means China still has 84% of the world to trade with. Therefore China can survive without trading with the US. The trade war wouldn't do them any severe damage.
http://www.worldstopexports.com/chinas-top-10-exports/

China is not yet as powerful as the US but they are not as weak you think. As times goes on their power increases while the US power diminishes.

udemzyudex:
In crises now? Even China went through it for months before it starts spreading,so? If they were so stable like you said why was wuhan locked down for over 76 days?

They experience it first and pass through it ,some countries are just experience it too and will definitely pass through it too.

So which stable and unstable government are you talking about?

joyandfaith:
Na you killed japanese economy. For your information, japan is no 3 economy in the world.

https://www.worldometers.info/gdp/gdp-by-country/