China's economy grows, but at what cost? Biden's new appointees talk tough on Beijing

Analysis of China's economy following its GDP announcement; it was one of few in the world to exit 2020 with growth, but what of the growing inequality between rich and poor. Has its economic model reached a plateau, and how will it continue to grow its nation's wealth?

John Carter and Zhou Xin look at China's economy in 2021 and its challenges, and find contrast in how the US and China approach Big Tech.

Washington correspondent Jacob Fromer analyses what he has witnessed in the confirmation hearing of Anthony Blinken and Janet Yellen, and how the Biden administration looks likely to continue a very similar approach to China as the Trump team. #scmppodcasts


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[amosxu]

We Chinese want to live the same life as Americans,
But the U.S. government wants China's people to have democracy like the Iraqi people.

[xeronim]

"I become the strongest, but at what costs?"

[obsidianstatue]

SCMP became popular during the Hong Kong riots of 2019, but at what cost?

[Remix]

Chinese people exist, but at what cost?

[leonardstone]

*Yes ! For real It is very important to have different streams of income and a diversified portfolio as for me I have already invested in crypto which is very profitable and easy to gain*

[中流击水浪遏飞舟]

The United States successfully held the 46th presidential election and elected a new president. What is the cost?

[neutralino]

Whatever costs there are aren't unmanageable.

[JD-jzrr]

*Countries ranked by disposable income per capita (how much money a person has available to spend on goods and services after paying their taxes)* ~
1. United States
The United States tops the list with a disposable income per capita measure of $53, 122.
~
Key sectors in the U.S. include financial services, professional and business services, manufacturing and health care.
~
2. Luxembourg
The small country of Luxembourg, had $47, 138 in disposable income per capita that year, putting it second in the world.

Much of Luxembourg’s economic success stems from banking, where the country has grown into a global financial center.
~
3. Switzerland
Switzerland had $41, 561 in disposable income per capita in 2018.

The country has a stable market economy, favorable taxation laws, strong financial and tourism sectors, and a skilled workforce. Switzerland's main exports are pharmaceuticals, gold, watches and jewelry.
~
4. Germany
Germany commands $40, 699 in disposable income per capita.
Germany is a major exporter, notably of cars, being home to major car brands such as Volkswagen, Daimler and BMW. Germany is also a major exporter of chemicals and has a GDP of $4.5 trillion.
~
5. Australia
Australia's disposable income per capita was $40, 237.
The country is rich with natural resources, which is reflected in one of the primary engines of its economy—mining.
~
6. Norway
Norway had $39, 570 in disposable income per capita in 2018

Norway makes its way with a natural resource-driven economy focused on oil, fisheries and metals. Norway's sovereign wealth fund is worth just over $1.15 trillion and is funded largely by the country's oil industry.
~
7. Austria
The European country of Austria had $38, 333 in disposable income per capita in 2018
Over the years, the country’s shift toward privatization, i.e. less regulation, has improved the economy. Much of the country’s economic growth is driven by the energy industry, where renewable energy accounts for about 30% of gross domestic consumption.
~
8. Belgium
Belgium, another European country, makes the top 10 list of countries based on $36, 044 in disposable income per capita
The country is world-renowned for its chocolate shops and factories. Given its location, Belgium’s economic strong suit is exporting, notably vehicles and medicine.
~
9. Netherlands
The Netherlands had $35, 914 in disposable income per capita and a GDP of $991 billion in 2018.
much of its recent success has come about due to natural gas discoveries. Refined petroleum is its largest export category.
~
10. Canada
Canada finishes the list with $35, 772 in disposable income per capita in 2018. The discovery of oil sands in Alberta has propelled the nation's economy and the country is one of the largest oil producers in the world. Other top exports include cars, gold and vehicle parts.

[gallagjg]

Whoa... What is the reason for the increase transparency? I think this is a wonderful move- for all.

[User-]

Biden tough talk probably sounds like "come on man!"
He stutters when confronted

[johnnylu]

Some realities of China now: depleting farmable land due to over-farming, increasing debt, ever-worsening pollution, and a wealth gap close to that of the US.

[potok]

But maybe, China will decline because of it’s older population that weights on the economy, no ? I’m not sure.

[rayray]

We know the wuflu was no accident. What cha gonna do now ?