Chinese Economics Thread

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I always get a good laugh when Trump gets especially more angry that China targets his voter base for tariffs as if that's somehow illegal when all he does to measure how he's winning is by how much he's destroying China. Remember when one of his demands after China slapped tariffs was for China to target blue states only.
I am kind of recalling the same.

It's not surprising at all if it did happen. Remember in the beginning of the trade talks, one of the U.S. condition was that China was not to retaliate to the export tariffs imposed by the U.S.

You have to wonder what kind of great stuff they are smoking.
I have read that as well. Trump asked China to transfer its the tariffs on red state products to blue state products. Unfortunately with so many articles on failed trade negotiations, it's really hard to go back several months to find things like that...
I'm intrigued as it could be one of the funniest statements ever made, if made;

I've now briefly tried to find it by myself using the description you gave, and failed, but saw a number of remotely related anti-Trump texts

for example "Blue states such as Washington and California, cradles of aerospace and wine production, stand to lose access to one of the world’s fastest-growing markets if the trade war between the United States and China escalates, said economist Mark Muro, who co-authored the report." April 11, 2018
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also context should be useful like if the statement was made, if made, as a joke or seriously etc.

OK the word is "link"
:
 
now I read
Economic Watch: China cuts financial institutions' reserve ratios to boost lending
Xinhua| 2019-09-06 21:46:18
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China's central bank announced Friday to cut the cash that lenders must hold as reserves, releasing about 900 billion yuan (127.12 billion U.S. dollars) of long-term liquidity to bolster the economy.

The People's Bank of China (PBOC) announced to cut the reserve requirement ratio (RRR) for financial institutions by 50 basis points from Sept. 16 to support the real economy and reduce the real cost of social financing.

About 800 billion yuan will be released from the broad-based RRR cut.

The PBOC also announced an additional 100 basis points reduction in the RRR for city commercial banks operating only in provincial administrative areas will be implemented in two phases, Oct. 15 and Nov. 15, cutting 50 basis points in each phase.

The targeted RRR cut will release 100 billion yuan, with aims to promote support for small and private enterprises.

The operation will not cover three kinds of financial institutions, namely finance companies, financial leasing companies and auto financing companies, whose RRR is 6 percent, the lowest among financial institutions, the central bank said on its website.

The PBOC stressed it will continue to implement a prudent monetary policy and will not engage in a deluge of strong stimulus policies, in order to create a suitable monetary and financial environment for high-quality development and supply-side structural reform.

The RRR cuts can hedge against the tax period in mid-September and thus the total amount of liquidity in the banking system will remain basically stable, according to the PBOC.

The RRR cuts can release liquidity, increasing the sources of funds for financial institutions to support the real economy and reducing the annual capital cost of banks by about 15 billion yuan, the PBOC said.

The additional targeted RRR cut can improve the policy framework for small and medium-sized banks to implement a lower RRR, which can help city commercial banks serving grassroots to increase support for small businesses and private enterprises, it said.

Wen Bin, chief analyst at China Minsheng Bank, said the combination of a broad-based RRR cut and a targeted RRR cut can ensure sufficient and reasonable market liquidity on the one hand, and guide capital to the real economy through targeted investment, on the other hand, especially to increase support for small businesses and private enterprises.

In the context of the resumption of monetary easing by central banks around the world, and in light of China's current macroeconomic operation, inflation level and business conditions, there is still room and need for the policy interest rate to be lowered, Wen said.

China will continue to implement a prudent monetary policy while carrying out anticipatory adjustments and fine-tuning, said a statement released after a State Council executive meeting Wednesday.

Policy tools such as overall and targeted RRR cuts will be taken in a prompt manner to encourage financial institutions to channel more capital into inclusive financing, enhancing support for the real economy, small and micro firms in particular, it said.
 

vincent

Grumpy Old Man
Staff member
Moderator - World Affairs
I'm intrigued as it could be one of the funniest statements ever made, if made;

I've now briefly tried to find it by myself using the description you gave, and failed, but saw a number of remotely related anti-Trump texts

for example "Blue states such as Washington and California, cradles of aerospace and wine production, stand to lose access to one of the world’s fastest-growing markets if the trade war between the United States and China escalates, said economist Mark Muro, who co-authored the report." April 11, 2018
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also context should be useful like if the statement was made, if made, as a joke or seriously etc.

OK the word is "link"
:

Here:
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April 15, 2019, 6:30 AM EDT

China is considering a U.S. request to shift some tariffs on key agricultural goods to other products so the Trump administration can sell any eventual trade deal as a win for farmers ahead of the 2020 election, people familiar with the situation said.

The step would involve China moving retaliatory duties it imposed
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last July on $50 billion worth of U.S. goods to non-agricultural imports, said the people, who asked not to be identified because the discussions were private. The shift is because the U.S. doesn’t intend to lift its own duties on $50 billion of Chinese imports even if an agreement to resolve the trade war between the two nations is reached, one the people said.

Another person said China would consider shifting the tariffs to make it easier to meet a proposal to buy an additional $30 billion a year more of U.S. agricultural goods on top of pre-trade war levels as part of a final deal. Last July, China had levied punitive tariffs on American goods including soy, corn, wheat, cotton, rice, beef, pork and poultry in response to U.S. duties.

A spokesperson for the U.S. Trade Representative didn’t immediately respond to a request for comment. China’s Commerce Ministry didn’t respond to faxed questions.

Political Costs
The bartering shows that both sides are taking political considerations into account as negotiations drag on to end the trade war, which has rattled financial markets for months. An outcome that completely removes punitive tariffs looks increasingly unlikely as Trump looks to hone his campaign message and continues to
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the European Union, India and other countries with trade actions.

The people didn’t specify which other goods would receive higher tariffs instead of agricultural products. Other top imports included aircraft engines and parts, semiconductors, passenger cars and chemicals.

China also may take action on non-tariff barriers that have affected agricultural goods. The commerce ministry in Beijing on Monday said it would
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whether to continue anti-dumping and anti-subsidy measures on U.S. distillers’ dried grains, a by-product of corn ethanol production that’s used in animal feed.

Over the weekend, Treasury Secretary Steven Mnuchin said the U.S. and China were “hopefully getting very close to the final round” and discussing whether to hold more in-person trade talks. He also said the U.S. is open to facing “repercussions” if it doesn’t live up to its commitments in a potential trade deal, a sign that the two sides are edging closer to an accord.

Under the proposed agreement, China would commit by 2025 to buy more U.S. commodities, including soybeans and energy products, and allow 100 percent foreign ownership for U.S. companies operating in China as a binding pledge that can trigger retaliation from the U.S. if left unfulfilled, people familiar with the situation said earlier this month.

— With assistance by Jenny Leonard, Steven Yang, Shuping Niu, and James Mayger
 
Here:
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April 15, 2019, 6:30 AM EDT

China is considering a U.S. request to shift some tariffs on key agricultural goods to other products so the Trump administration can sell any eventual trade deal as a win for farmers ahead of the 2020 election, people familiar with the situation said.

The step would involve China moving retaliatory duties it imposed
Please, Log in or Register to view URLs content!
last July on $50 billion worth of U.S. goods to non-agricultural imports, said the people, who asked not to be identified because the discussions were private. The shift is because the U.S. doesn’t intend to lift its own duties on $50 billion of Chinese imports even if an agreement to resolve the trade war between the two nations is reached, one the people said.

Another person said China would consider shifting the tariffs to make it easier to meet a proposal to buy an additional $30 billion a year more of U.S. agricultural goods on top of pre-trade war levels as part of a final deal. Last July, China had levied punitive tariffs on American goods including soy, corn, wheat, cotton, rice, beef, pork and poultry in response to U.S. duties.

A spokesperson for the U.S. Trade Representative didn’t immediately respond to a request for comment. China’s Commerce Ministry didn’t respond to faxed questions.

Political Costs
The bartering shows that both sides are taking political considerations into account as negotiations drag on to end the trade war, which has rattled financial markets for months. An outcome that completely removes punitive tariffs looks increasingly unlikely as Trump looks to hone his campaign message and continues to
Please, Log in or Register to view URLs content!
the European Union, India and other countries with trade actions.

The people didn’t specify which other goods would receive higher tariffs instead of agricultural products. Other top imports included aircraft engines and parts, semiconductors, passenger cars and chemicals.

China also may take action on non-tariff barriers that have affected agricultural goods. The commerce ministry in Beijing on Monday said it would
Please, Log in or Register to view URLs content!
whether to continue anti-dumping and anti-subsidy measures on U.S. distillers’ dried grains, a by-product of corn ethanol production that’s used in animal feed.

Over the weekend, Treasury Secretary Steven Mnuchin said the U.S. and China were “hopefully getting very close to the final round” and discussing whether to hold more in-person trade talks. He also said the U.S. is open to facing “repercussions” if it doesn’t live up to its commitments in a potential trade deal, a sign that the two sides are edging closer to an accord.

Under the proposed agreement, China would commit by 2025 to buy more U.S. commodities, including soybeans and energy products, and allow 100 percent foreign ownership for U.S. companies operating in China as a binding pledge that can trigger retaliation from the U.S. if left unfulfilled, people familiar with the situation said earlier this month.

— With assistance by Jenny Leonard, Steven Yang, Shuping Niu, and James Mayger
thanks but the original statement by A-Mace is "Remember when one of his demands after China slapped tariffs was for China to target blue states only."
#10404 AssassinsMace, Yesterday at 7:24 AM
 

AssassinsMace

Lieutenant General
Wow such anal demands...

I remember Trump was directing China to slap tariffs towards his nemesis hi-tech companies like Google. Let's forget how Trump called for Russia's help during the campaign... I read of lot of horrible news on the F-35. Do I post every single article? No, in fact I hardly post there. I'm not like others in here posting everything bad like how every time the Chinese stock market goes down and not when it goes up. If we were to follow that manipulation, the Chinese stock market should be in negative territory but it's pretty much always at the same range level. I pointed that out when it happened and now there's a façade of fairness from the guilty party ever sense thinking as if he's a neutral observer.
 
Wow such anal demands...

I remember Trump was directing China to slap tariffs towards his nemesis hi-tech companies like Google. Let's forget how Trump called for Russia's help during the campaign... I read of lot of horrible news on the F-35. Do I post every single article? No, in fact I hardly post there. I'm not like others in here posting everything bad like how every time the Chinese stock market goes down and not when it goes up. If we were to follow that manipulation, the Chinese stock market should be in negative territory but it's pretty much always at the same range level. I pointed that out when it happened and now there's a façade of fairness from the guilty party ever sense thinking as if he's a neutral observer.
perhaps you should join the ranks of
Annoyed at the constant stream of news articles https://www.sinodefenceforum.com/annoyed-at-the-constant-stream-of-news-articles.t8288/

LOL!
 
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