Investing in productive forces and quality of life for all makes for robustly strong economic indicators and basically no inflation problem. Cutting rentierism and in large part private profits out of the economy greatly helps these figures as well, and cuts off inflation at its source.

[–] Gargleblaster@kbin.social 0 points 1 year ago (1 children)

Quality of life for the capitalist eastern seaboard. I believe that's what you meant to say.

[–] knfrmity@lemmygrad.ml -2 points 1 year ago (1 children)

Not at all, I say what I mean and mean what I say.

There are some links in the study guide I linked in my other reply which go into the incredible improvements in material conditions for all Chinese peoples.

[–] socsa@lemmy.ml 4 points 1 year ago* (last edited 1 year ago)

Improvement in material conditions is when 60% of rural Chinese do not attempt high school, and 7% attend college, and their hukou caste system traps them in their birth villages forever?

[–] zephyreks@lemmy.ca 3 points 1 year ago (2 children)

They didn't pump hundreds of billions of dollars into the free market?

[–] agarorn@feddit.de 1 points 1 year ago (1 children)

Do you think china's market is free? If so, the stated owned companies are the ones carrying the debt. Not sure how different that is to a state having the debt.

https://www.cnbc.com/2021/06/29/china-economy-charts-show-how-much-debt-has-grown.html

And what about my other question. Where does this jump come from?

[–] zephyreks@lemmy.ca 0 points 1 year ago (1 children)

Turns out, it's advantageous to loan out money when global interest rates were dropping to about 0. Who woulda thunk?

[–] agarorn@feddit.de 2 points 1 year ago (1 children)

What are you talking about? China was never at 0% interest. What does that has to do with the previous comment?

[–] zephyreks@lemmy.ca 1 points 1 year ago

The principle being, lower interest rates lead to more debt because spending is less expensive.

[–] agarorn@feddit.de 1 points 1 year ago

Look at the 5 year view to see the jump