Share this page!

Dr Arvind Virmani Profile picture
Twitter logo
20 Jan, 17 tweets, 20 min read
6/cps >90% of the Cos/corporates within this 60% are part of the #PartySector run by #PartyCapitalists (party members, their family, friends & special agents) who owe allegiance to party and follow its directives on all policy matters(or get jailed for corruption or worse)
7/cps Beyond what China experts label #SOEs, lies a vast a shadowy, grey #PartySector run by #PartyCapitalists who were funded by #SOEs, provincial parties, #TVEs and State owned, controlled, run, banks and which foreigners were persuaded is the #PrivateSector :
8/prc #Socialist #Market #Economy(#SME) , #PartySector
9/prc #PartySector, #Socialist #Market #Economy, #PRC 🧵
10/prc #PartySector, #Socialist #Market #Economy, #PRC
11/prc #PartySector, #Socialist #Market #Economy (#SME), #PRC (a reminder from 2 yrs ago)
12/prc #SME, #PRC #PartyCapitalists
13/prc #PartySector, #Socialist #Market #Economy, #PRC
14/prc #SME: The #PartySector is very diverse, but always linked (directly or indirectly) to the #CCP, #PRC
15/prc #SME = #Socialist #Market #Economy, #PRC = #People's #Republic of #China
16/prc Research Reference: Arvind Virmani,"#China’s #Socialist #Market #Economy: Lessons Of Success, Working Paper No. 178, ICRIER, December 2005". icrier.org/pdf/Wp178China…, icrier.org/?s=working+pap… and egrowfoundation.org/site/assets/fi…
17/prc #PRC , #SME is #Deng #Xiaoping version of #Lange-#Learner #Socialist #Market #Economy, as evolved by #Jiang Xeming (& Zhu Rongji)
18/prc #SME #PRC
19/prc Once #Xi accrues unchallenged power equivalent to #Mao (in ~5 yrs), he will revert to Mao's #CCP model of "ideological purity(Mao's thought to Xi's thought), coupled with more decentralized party functioning, which has worked well in #China.
20/prc Commanding heights of economy (inc Banks) are controlled by #CCP & goal is growth maximization, in framework defined by #CCP. In 21st C, technology has key role in its strategy(#READ). SOEs & Party Sector Cos retain & invest 99% of profits. State Banks lend w/o collateral
21/prc One of the ways in which #PRC has come to dominate new industries and establish a #monopoly in manufactured exports.
22/prc #PRC ( 🧵)

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Dr Arvind Virmani

Dr Arvind Virmani Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @dravirmani

Dr Arvind Virmani Profile picture
30 Apr
Based on S curve analysis of Indian cases, I conclude, mutations are reason for explosive 2nd wave. I model spread by dividing infections into 2 streams(original & mutations)=>The case spread curve is likely to flatten by 1st week of July at <22 mi cases. dravirmani.blogspot.com/2021/04/indias…
2/covid For S curve methodology and modeling framework developed by us, please see the @EgrowFoundation research paper, egrowfoundation.org/research/effec…
3/covid Please note that for the formal model of new/cumulated corona cases, I have used data on India from the Johns Hopkins University, Covid data set (rather than the ICMR data used in first half of the note on active cases), as this was the data used in earlier research.
Read 4 tweets
Dr Arvind Virmani Profile picture
25 Apr
Yesterday, after a long discussion with a close family member who is a US MD phd, we agreed that with world's best #contagion models (% masks & social interaction) available in world today, the covid take-off could at best have been predicted 7 to 10 days before it exploded...2/
2/covid #Covid Pragmatic suggestion is to ban all #Social gatherings of > 7-10 people (indoors & outdoors), till curve turns down, but don't stop economic activity (w cumplusory masking, distancing). Once curve flattens, outdoor gathering restrictions can be eased with masking
3/covid Cities/towns/urban,/semi urban; rural markets/melas areas are where there is the greatest interaction between people (mobility & personal interaction are the key parameters in these virus spread models)
Read 19 tweets
Dr Arvind Virmani Profile picture
2 Apr
#PCP "#CCPapologists(🐍), #CCPcollaborators(🤑) and #CCPusefulIdiots(🤡), must unitedly oppose the Pompeo-Blinken US-China policy, which has bipartisan support and 75% (?) public approval"
2/chus #US-#China contest has 2 elements: A traditional great power contest and an ideological struggle, between a free market, open democratic system and Socialist-market economy, society, polity run on the principles of "Scientific Socialism"(Marx-Lenin-Stalin-Mao-Deng-Xi)!..3/
3/chus It differs in two important ways from the US-Soviet contest. 1) China's #socialist #market #economy is much more efficient,productive & profitable than Soviet planned, loss making, economy, (2) China is far more integrated with Global economy(incl US, EU) than USSR was..4/
Read 4 tweets
Dr Arvind Virmani Profile picture
31 Mar
#PIP Western(& Indian?) foreign policy experts and foreign trade negotiators, believe that the economics of merchandise trade, is the same as the economics of patents/intellectual property and the economics of the digital economy, because they are clueless about the last two! p
2/pip Intellectual Property (#IPR): The public economics of #Patents clearly shows that the optimal length of a patent depends on two opposing effects. Greater duration increases the profits from innovation, but patents slow use of new tech & discourge further innovation...2/
3/pip Optimal patent length is diff for diff econ's & diff for diff industries(proved empirically). Optimal length is V diff for developed cntrys(US, EU) than for EMEs(India, Brazil, SA). There's no ec justification for US/EU imposing its view. Int rules must split the diff...4/
Read 8 tweets
Dr Arvind Virmani Profile picture
24 Feb
I hope our economics teachers, indoctrinated with marxist ideology, will be able to understand this and explain it to their students! 🧐🤔
2/pm
3/pm #BBR
Read 8 tweets
Dr Arvind Virmani Profile picture
12 Feb
Our territorial claims are known by our map; Has the "Tibetan Govt in exile", which Indian hawks want India to recognize as the "Govt of Tibet", ever accepted in word or deed, that it's the true boundary between India and Tibet? Has any other country in the world (except Bhutan)?
2/tibet 👍🏼👏👏👏 (incidentally the US has also, directly or indirectly, accepted our boundary in NE). Question mark still remains about #Tibet-#Ladakh boundary!
3/tibet I stand corrected 🙏
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @dravirmani has new unrolls!

Check out other threads from @dravirmani!

Read all threads by @dravirmani

:(