This is the year that jobs in China will be replaced by US Automation.

[CultureCitizen]

Well Ed, US salaries have stagnated.

and Chinese salaries have not. have you ever heard of international trade? Globalization?? See why we say slow.

So again Ed, 80% of the chinese companies are SOE. Are you a commie Ed? Wan't to have a red US? Why are you so infatuated with the Chinese model, really?

I'll tell you one little secret few right wingers know. The US developed its industrial base because it was extremely protective.

" The 1st United States Congress, wanting a straightforward tax that was not too onerous and easy to collect, passed the Tariff Act of 1789. Treasury agents collected the tariff before goods could be landed, and what became the Coast Guard prevented smuggling. Tariffs were the largest (approaching 95% at times) source of federal revenue until the Federal income tax began after 1913. "

The US did not lower its tariffs until it was a fully industrialized nation.
Tariffs in United States history - Wikipedia the free encyclopedia

 

[EdwardBaiamonte]

And of course , a chart to demonstrate my previous argument :

too stupid!! hourly compensation is way way up in China where people earn huge wages now and now buy more cars than we do. 35 years ago they bought 0 cars.

Do you understand?? See why we have to be positive that a liberal will be slow??

Don't change the subject Ed. We were discussing the effects in the US , which is already an industrialized country, not in a third world country ( which admitedly is quickly becoming industrialized).

too stupid and liberal as always!! the world is globalized and becoming more so every day so its 100% idiotic to talk just about just the USA especially when liberals have offshored 30 million jobs and inshored 20 million illeglas to take whats left and drive down wages.
You lack the IQ and the character to face the truth with is typical of a liberal.

 

[EdwardBaiamonte]

So again Ed, 80% of the chinese companies are SOE.

of as a typical liberal you are a liar too:

In his new book titled Markets over Mao: The rise of private businesses in China, Lardy argues that even though SOEs still enjoy monopoly positions in some key sectors in China, such as energy and telecommunications, their role in the overall economy has diminished significantly over the years. Here are some of the facts he presents to back his thesis: in 2011, China’s state-controlled firms only accounted for about a quarter of the country’s industrial output; and their share in exports has dropped to about 11% today; in 2012, state firms were only responsible for about one-tenth of fixed investment in manufacturing. And in terms of employment, SOEs employed about 13% of China’s labor force in 2011, a dramatic decline compared with the 60% figure recorded in 1999.

 

[EdwardBaiamonte]

Wu Jinglian, the country's leading free-market economist and a drafter of past reforms, told Caixin magazine that this plenum( the Third Plenum) is most significant for its endorsement of the idea that market forces allocate resources more efficiently than government. This in turn justifies the need to construct open, competitive and orderly markets. That seems right and could make this plenum another watershed moment in China's emergence from its Maoist lost decades.

 

[EdwardBaiamonte]

Wiki:Shanghai Free-Trade Zone (Shanghai FTZ or SFTZ), officially China (Shanghai) Pilot Free-Trade Zone (Chinese: 中国（上海）自由贸易试验区; pinyin: Zhōngguó (Shànghǎi) Zìyóu Màoyì Shìyànqū) is a free-trade zone in Shanghai, China. On August 22, 2013, the State Council approved the establishment of SFTZ. Officially launched on September29, 2013 with the backing of Chinese PremierLi Keqiang, it is the first free-trade zone in mainland China.[1] The zone covers an area of 29 square kilometres (11 sq mi)[1] and integrates four existing bonded zones in the district of Pudong — Waigaoqiao Free Trade Zone, Waigaoqiao Free Trade Logistics Park,Yangshan Free Trade Port Area and Pudong Airport Comprehensive Free Trade Zone.

 

[CultureCitizen]

So again Ed, 80% of the chinese companies are SOE.

of as a typical liberal you are a liar too:

In his new book titled Markets over Mao: The rise of private businesses in China, Lardy argues that even though SOEs still enjoy monopoly positions in some key sectors in China, such as energy and telecommunications, their role in the overall economy has diminished significantly over the years. Here are some of the facts he presents to back his thesis: in 2011, China’s state-controlled firms only accounted for about a quarter of the country’s industrial output; and their share in exports has dropped to about 11% today; in 2012, state firms were only responsible for about one-tenth of fixed investment in manufacturing. And in terms of employment, SOEs employed about 13% of China’s labor force in 2011, a dramatic decline compared with the 60% figure recorded in 1999.

I would challenge the "dimminished significantly" part. The top 20 SOE have revenues that total 2.8 trillion USD. That is a very significant role in economy however you view it.

Nice and confusing figures . What about listing the total assets and revenues of all SOE's ?

 

[EdwardBaiamonte]

So again Ed, 80% of the chinese companies are SOE.

of as a typical liberal you are a liar too:

In his new book titled Markets over Mao: The rise of private businesses in China, Lardy argues that even though SOEs still enjoy monopoly positions in some key sectors in China, such as energy and telecommunications, their role in the overall economy has diminished significantly over the years. Here are some of the facts he presents to back his thesis: in 2011, China’s state-controlled firms only accounted for about a quarter of the country’s industrial output; and their share in exports has dropped to about 11% today; in 2012, state firms were only responsible for about one-tenth of fixed investment in manufacturing. And in terms of employment, SOEs employed about 13% of China’s labor force in 2011, a dramatic decline compared with the 60% figure recorded in 1999.

I would challenge the "dimminished significantly" part. The top 20 SOE have revenues that total 2.8 trillion USD. That is a very significant role in economy however you view it.

Nice and confusing figures . What about listing the total assets and revenues of all SOE's ?

SOE own very little, will own less and less in the future, what they do own they no longer manage much, and God knows they don't manage any of the competitive companies that compete around the world and are 100% responsible for growth. They own and manage utilities.

 

[EdwardBaiamonte]

Wu Jinglian, the country's leading free-market economist and a drafter of past reforms, told Caixin magazine that this plenum is most significant for its endorsement of the idea that market forces allocate resources more efficiently than government. This in turn justifies the need to construct open, competitive and orderly markets. That seems right and could make this plenum another watershed moment in China's emergence from its Maoist lost decades.