- advertisements -
like some folk earlier in thread alluded to... once the tipping point is reached with the young, single, unemployed males, there ain't much to do with 'em but put uniforms on 'em..... and I don't give it no 15 years, either. maybe 2 or 3. this will be fun for ZH to specultae on deployment of 100 million troops, or is that another 100 mil? can't believe wiki sez PLA = only 3 mil
Come on now Trav
They had a plan. And now they are planning to change the plan. Now, there's a plan for you.
But...but...I thought China always planned ahead and that they were just smarter and better. You mean that they actually didn't PLAN and execute the infrastructure necessary to support mass car usage!?!??!
You mean that those cities meant to look like major western cities really AREN'T?!?! Instead they resemble the congestion patterns of the 3rd world? NO WAY.
Knock me down with a feather, because I thought China was supposed to be taking over by now. I guess whoever was gonna do that got stuck in traffic and gave up.
EXCELLENT POST. THANK YOU ZEROHEDGE!
The progressives in this country probably have a rooomful of 100 year plans somewhere.
replace 'a roomful' with 'universities'
....and the iron ore and coking coal suppliers along with the copper miners will feel the effects of this as the year unfolds.
A few years ago it was apparent that China could either copy what happened in the U.S. with autos (a car for every citizen) and end up with a totally grid locked, polluted, unworkable outcome or they could use their ample intelligence and avoid just that by innovating and creating a new transportation paradigm.
........looks as though they were short on innovation....too bad for them and the entire world....here in sunny CA we are now getting their pollution fallout.
China tried to implement a 'Highway System to Prosperity' model, which featured employment from building autos, parts, roads & bridges, hoping it would lead to at least 50 years of residential, commercial, industrial and office development in 'satellite' cities (that are now poor villages), in just the same manner our growth model worked since the end of WWII.
But in China, implementing such a policy, modeled so closely on ours, and given the differences in demographics and current technology and consumption patterns, is akin to forcing a square peg into a round hole.
That dog just won't hunt, or if it does, will get really tired, really quickly.
The third outstanding article from Ms. Chu in 3 days, and one which contains specific, accurate and very relevant and action-worthy information that no other source I can find (other than Ms. Chu & Zero Hedge) has even referenced!
I love your analysis and the way you tie this government policy into the larger data set, Ms. Chu.
On a site filled with talented writers, pundits, economists and econo-journalists, Ms. Chu is doing some outstanding work in painting a moving, real-time picture for her readers as to what events 'on the ground' taking place now are likely to lead to later.
What's to say the guys rich enough to want a new car aren't going to figure out a way around this "limit"? Next quarter, are we going to see headlines about mondo car sales in every other city?
On a side note, why is google one of the tags?
the more you mention G, especially in a link, the better G will rank that page. It's called self promotion...
"I wonder why a masochist would visit ZH ? Oh yeah, that's why you are a masochist.
I operate in the real economy. " +1
Well, let's go with the history of ZH posters and guess that auto sales in China will explode in 2011.
There is no single site on the Web that comes close to ZH in terms of incorrect predictions based on data or event evaluations.
I'm still looking for that $10 loaf of bread predicted on 11/4/10. If everything here is meant to be hyperbolic, perhaps it should be explained in the TOS. Otherwise, this place appears to populated by a band of fools.
Let me guess; futures are, mmmmm..... green?
The banks will be fine, there will be no recession in 2011, the PIIGS will not collapse (much less Europe) and do not fight the fed. Seems like the ZH sheeple need to be reminded sometimes of reality.
Here's hoping the hole you're digging out back is going well. What with the cold weather and all. Beans and bullets gold bugs; beans and bullets!
I would agree that a lot of what I read here is hyperbole but there will be a world financial collapse. We have run up unpayable debt and we are in the process of defaulting. Like any other time countries have printed money to cover their debt, the world will eventually lose confidence in the currency. We could play this game for a while but something will happen and people will panic. I can only hope that evil doesn't take advantage of the resulting chaos but I will still prepare for the worst case scenario. Maybe nothing happens and years from now I can laugh while I dismantle my preparations. I find that much preferable to watching my family starve because I failed to take a few precautions.
I wonder why a masochist would visit ZH ? Oh yeah, that's why you are a masochist.
I operate in the real economy. Input prices are rising but cannot be passed on to a weak consumer. Some prices are up 20 to 50 percent already.
As for China- the macro problem is Duplicating 1950's America from an agrarian peasant base is not so easy. The main thing China is doing now is dumping increasingly worthless USDs by buying things- commodities, companies, goodwill, etc.
As for not fighting the Fed- that may well be true for the short run, but in the medium to long run I am not so certain. The "not fighting the Fed" hypothesis held a lot of water when the U.S. was the world's largest creditor nation replete with a manufacturing base, but now that the U.S. is the world's largest debtor nation, trying desparately to water down its debt, I don't now if I would rely on that fable for too much.
Good luck sucking on that hookah.
China has big problems on its hands; they may be a different set of problems that the U.S. and much of the west faces, but do not delude yourself into thinking they're not as daunting, or that China is even marginally more capable of solving them without major disruptions to its society and economy.
Best that China do an about face and halt all auto sales and crush what it already has on the streets. They could 'grow' another 10% a year for the next ten years tearing down the empty sprawl they have spent trillion$ to build and replace it all with places made up of destinations people can walk to.
On the way they can 'redevelop' their watersheds and agricultural lands so they have a chance of feeding and watering themselves. By pouring trillion$ more in credit into these endeavors they could increase growth @ 12% for even more years.
Auto manufacturers have had their fun. Time for them to take their toys off the stage and retire to well- deserved oblivion. The alternative is for these companies' 'products' to compete more actively with the 1.3 billion actual Chinese for out-and-out survival.
The contest has already begun. In the US the choice is between having a job or driving a car. What will it be in China?
China could also employ millions by building another great wall. They could build pyramids too. Nothing new here, same cycles since the dawn of time. Thousands of years from now, when alien explorers dig up those empty cities they'll start hypothesizing about the primitive idolatrist religions that must have been responsible for the erections of cities nobody ever lived in. They will find that other previously populous cities where millions of people did live were suddenly and violently abandoned for no apparent reason. Hundreds of Ph.D. dissertations will address the mystery of the collapse this civilization. They will conclude somehow it was due to "primitive thinking" or some sudden "climate change" that could not be dealt with. They will sneer at our fate and in their puny little minds they will be convinced something like this could never happen to an advanced society like theirs.
Same stupid theories we have now about the maya, inca, anazazi, etruscans, etc.
Yes, that ancient idolatrist religion is still with us: the idolatry of money.
Another kick of the can down the road for those awaiting oil shortages to appear in developed countries.
Maybe the prices at the gas pumps will see a little drop in a year or two...or not.
Anecdotal aside: I ventured to the dreaded Wall World yesterday to pick up a sound bar for my tv (since the speaker/s that came with it is almost inaudible and rattles when turned up). The Sony Bravia that I purchased about a year ago for $648 is now priced at $798 with a sticker that says 'Reduced From $998'...WTF? Of course the NBER or some agency will notice that electronics is going up and factor it into the CPI? lol
I have never seen plasmas and LCDs (many LEDs, too, now) in 1080p as cheap as they are now (and it was expected, to be fair, as with all things consumer electronics).
There were major brand 1080p 46" plasmas and LCDs for $580 or less (Panasonic, Sharp and Samsung) and 1080p 42" plasmas and LCDs for less than $500 this year.
There were even some 50"+ LCDs in 1080p under $700.
Come on guys. All this means is you now have to pay someone off to get that car license. This isn't going to limit anything. Just another revenue stream for the government bureaucrats.
When will Robo post a message with a bullish stock chart? Let the countdown timer begin...
Tyler, PLEASE give us an ignore button in 2011...
Speak for yourself, troglodyte.
You made my point.......boring.
Sell your Palladium ETF right now
China is testing the indoor cigarette smoking ban with not much success. The Shanghai auto registration lottery is another matter. I always hear about 100 year plans; so, where does this fit?
Hence the upgrade of Junk Motors across the board---US automakers dont even come close to a 1.6 liter motor---all Junk Motors can push is a 800lb battery that runs for 40 miles in a controlled enviroment. By the way extension cords not included~~~~~~~~~~~~~~~~~~~~~~~@=
The big problem for the Chinese comes in about 15 years when they realize they have about 30 million more dudes than chicks because they murdered all their females prior to delivery...either LOTS of team switching or all out war. Won't be so worried about their infrastructure gap, they'll be psyched to find ANY gap.
A lot of overproduction of engineers as well. As anal as they are- that just might answer your question. Guess someone should do a study on birth control and homosexuality - cause/effect huh?
I read an interesting story (I forget where) that China graduates 1M engineers a year from university but there aren't anywhere near that many jobs for them. So there are large groups of engineers, named "ant colonies" by a Chinese sociologist, that travel together around cities looking for work. It makes those barista jobs at Starbucks not look so bad.
Last figure I heard this week was 3 million. The "ants" are a social phenomenon that include many different disciplines. When coupled with the male/female birth ration, it is a group that is watched by government for the potential problems they represent. They are also very internet savvy. This is further compounded by the expectations of families that saw them through a university education and the hopes of financial windfall.
Somehow, back to the farm to design better plows could be a problem.
And people in the U.S. think it's hard to find a job. Can you imagine a plum engineering job opens up at the Chinese Ministry of Whatever and you're competing with 300,000 other applicants?
Well, they must know best right? I mean, they are in charge. At least they have a plan that can be executed from a single, central entity.
Tom Friedman at NYT must be sexually aroused by this. He loves a sovereign with strong hands.
Go long asphalt?
Buy a bike bitches.
cruise missiles ..
low blue book values...
Looks like a great time for Vespa to expand into China, though they do have a Hong Kong office.
GM needs a war. Selling cars is such a hassle, especially since cruise missles settle lawsuits upon delivery...
Best wishes for 2011, Dian.
Thanks, and you too.
IPOs are timed for a reason. Now we know. Shocking
Well, the "quiet period" post GM IPO is apparently over.
well now we know why bloomberg is breaking out the rah rah squad this morning....its a bargain! even tho it has bested its IPO price! It has held on! banks are "committed".....
no word that they are on the verge of losing a huge portion of their Major new profit opportunity.......
not a peep.
we need those peasants to run in and take this off our hands before it craters.
more rah rah about the dead co.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.