Comments by "AQuietNight" (@AQuietNight) on "China Just Won the Space Race Against America...NASA is in Shock!" video.

@Shenzhou. I am well aware of 2025 but the majority of the population will not be in high tech.
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@ragnarokws2670 I am involved in tech :) The majority of Chinese will not be making their living in high tech in 2025,2030,2035,2040,2045,2050,2055,2060 and so on.
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@jascforfun7576 "That's how they build their own space station, that's how they built the world's leading high speed rail and mag-lev trains," I never said the Chinese do not make sophisticated products, what I said was China makes it's money on low labor cost goods. The majority of the population will never make a living off of mag-lev or space stations.
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China will be facing big problems. China's axe in the world is they produced things cheap but they are slowly losing that edge.
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@JohnnysCafe_ "You should let the west know this." I just sent the email.
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You do not get stronger by allowing others to steal from you.
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@tat3179 If you had the good fortune to read previous posts of mine, surpass was never a concern of mine. You appear to be not fortunate.
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None of this may matter if China's friend without limits Russia decides to start nuking Ukraine. Once that happens a space station will be the last thing on anyone's mind.
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@thechloromancer3310 No, job loss is just starting. Plus other countries want high value. Countries like India are starting to make their moves plus India is a liberal democracy. Other countries that supply China with raw materials will start demanding sophisticated industries. Sure selling iron or copper ore is fine, but if you want them, you will buy them fully processed in our factories.
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@Shenzhou. Income distribution.
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@Shenzhou. As I said: Income distribution
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@Shenzhou. China has more to lose if it loses it's export market than the U.S. has to gain by importing from China. As I learned more over the years about economics the less I trust economists and economic professors. My arguments against China trade is there are a lot of costs not taken into account when you import from low wage countries. The British learned this over a century ago, the United States seems to need to learn it twice over, first with Japan and now with China. Always remember the most basic law of economics: There is NO such thing as a free lunch.
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@Shenzhou. No doubt he is saying expect large income transfers. The U.S. has income transfers now, though not as extensive as some other countries. It is inevitable China will have extensive social security programs and that is when taxation in China will get very interesting. Social Security spending is the largest line item for the United States (it's not the military). There are two groups in the United States that eat very well, tax lawyers and tax accountants.
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@Shenzhou. The quality of American products is quite good these days but they are not as cheap as American workers get paid more. You have goods made 60-70-80 years ago that still work like new. The issue is cost. China's costs will rise as Chinese workers will demand higher wages and work less hours. The Yuan will have to rise in value and this will make Chinese products more expensive which will make other countries products more desirable. China sits on it's currency now but it is inevitable China will have to let it's currency's value rise which will make exports more unattractive. Xi Jinping knows this and is trying to build up the domestic economy to compensate for the loss of export market. Most countries do not want to buy from other countries, they want to make product themselves.
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@Shenzhou. Same reason they have the same in Europe. Keep in mind inflation sets in as well so the Yuans you put away for the day you retire will be worth far less. As other economies around the world develop, this would apply pressure on Chinese business and they will have to cut costs and keep wages as low as possible so people will not have as much to save for retirement.
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