Chinese Economics Thread

Discussion in 'Members' Club Room' started by Norfolk, Jan 10, 2008.

  1. solarz
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    solarz Brigadier

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    Even if they were physically in the US, they would still have had to use Chinese payment systems.
     
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  2. Just4Fun
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    Just4Fun Junior Member
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    China has made it crystal clear to the whole world. No deal if Trump doesn't roll back all the tariffs he imposed in the past 18 months.

    If Trump does roll back all the tariffs to please China to sign a new trade deal, China is likely to say, "Wait for a minute. You guy now may not be able to win a re-election after you flip-flop so many things around, why shouldn't we just wait until your re-election is over?" Or,China may say, "Hi, you guy has no credibility at all, how do I know you can keep your words after we have signed a trade deal?"

    China has more excuses to evade a trade deal with the US.

    Anyway, China is not interested in signing a trade deal with the US unless the current dollar system is dead. After the dollar system is dead, there is no need for a trade deal with the US at all.

    "Starting a war is easy, but finishing it is difficult." Trump now knows what this really means.
     
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  3. Just4Fun
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    Just4Fun Junior Member
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    China doesn't care what tariffs Trump may impose. And his words of threat don't work. Trump now has to go back to the square one, or will face more humiliations, much bigger ones than what he has got from NK's Rocket Boy, from the Turban-men of Iran, or from the unyielding man of Venezuelan.


    China stands firm on demand US lifts tariffs to reach trade war deal
    https://www.scmp.com/economy/china-...firm-demand-us-lifts-tariffs-reach-trade-deal


    • Ministry of Commerce in Beijing insists that removing the levies is an ‘important condition’ for reaching agreement
    • US President Donald Trump warned earlier this week that he would make ‘substantial’ tariff increases if the two sides cannot resolve their dispute
    Published: 8:30pm, 14 Nov, 2019
     
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  4. Gatekeeper
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    Gatekeeper Senior Member
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    This is amazing, the number of patents applied world wide from 1980 to now.

    Patents are a good indicator of future growth potentials, which is why Trump is trying to curtail China's growth. A little late me think!

    China was nowhere until in the noughties it started to register, and now it leads the world by a country mile!

    Enjoy!

    https://www.facebook.com/groups/1656313017949812/permalink/2480008012246971/
     
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  5. Tam
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    Tam Captain
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    Guess where the new Mustang Mach E is not going to be made and where it is going to be made instead.

     
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  6. Jura
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    Jura General

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    "the stellar growth" in "non-tax revenue" inside
    Economic Watch: China has its fiscal cake and eats it too
    Xinhua| 2019-11-21 11:30:33 http://www.xinhuanet.com/english/2019-11/21/c_138572138.htm

     
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  7. Tam
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    Tam Captain
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    Peter Schiff thinks that America is losing the trade war.

     
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  8. AssassinsMace
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    China is going to win because the US is a saturated market. China has plenty of room to grow and there's a lot of new wealth to be created. US corporations want to act like they're innocent when their products outsourced to China are made with the cheapest materials. First they want to make as much money they can hence why they use the cheapest materials but also they need repeat customers who have to buy another one when it breaks. That becomes important when you have a saturated market. Having a long lasting product goes against their profit seeking interests.

    https://finance.yahoo.com/news/globalisation-doomed-business-political-leaders-093000382.html

    On Fareed Zakaria's show Sunday morning Ian Bremmer was one of the pundits and he said the world is headed for a bi-polar technological world where there's going to be a US standard and a Chinese one. China is going to win that one too. One of the other pundits mentioned the world is going to have to choose between technology that is open to one that is closed. I'm sure that pundit was saying that China was going to have the closed one. No it's the US that is going to be closed. It's the US that is forcing a bi-polar world on technology because they're the ones putting restrictions so naturally there's going to be alternatives. It's like when Obama claimed China's AIIB was more restrictive and discouraged countries from engaging with it to avoid debt traps. If AIIB was more restrictive, why would countries bother when the US is the better alternative. Wouldn't the automatic preferred choice be the US yet they're alarmed over AIIB. They choose AIIB because they get better terms than what the US can offer. The only way they would take a bad deal from China is if China were putting a gun to their head and forcing them to take it. Do we hear anything of the sort happening which would be a criminal act? No. The fact is the US is the bad deal and they want to scare people and countries into taking their bad deal that gives them the control they accuse China of wanting. Not allowing them to monopolize the world is a victory for China.
     
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  9. Jura
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    Glob. Times ("Official data on Wednesday showed that China's industrial companies above a designated scale saw profits drop 2.9 percent year-on-year from January to October." inside China's industrial profit drops 2.9% y-o-y from Jan to Oct, within expectations: expert http://www.globaltimes.cn/content/1171358.shtml)

    and the SCMP ("Profits at China’s industrial firms plummeted 9.9 per cent in October from a year earlier, marking the steepest fall since 2011, data released on Wednesday showed." inside https://www.scmp.com/economy/china-...trial-profits-plummet-99-cent-october-biggest)

    agree (about this particular figure I mean)
     
  10. manqiangrexue
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    manqiangrexue Captain

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    Chinese factory activity and orders boost due to new orders from Africa. Services sector expanding fast. OBOR paying off with OBOR countries accounting for well over double the value of US trade and growing at 9.5%.

    https://www.cnbc.com/2019/11/30/chi...expectedly-returns-to-growth-in-november.html
    China’s factory activity unexpectedly returns to growth in November
    PUBLISHED SAT, NOV 30 2019
    PMI 50.2, new orders 51.3, factory output 52.6, non-manufacturing PMI 54.4

    https://www.scmp.com/economy/china-...nufacturers-rising-exports-africa-help-offset
    China small manufacturers’ rising exports to Africa help offset plunging sales to US amid trade war
    29 Nov, 2019
    Growing optimism is spreading among some small Chinese manufacturers in sectors ranging from car parts to textiles, as a spike in exports to countries involved in the Belt and Road Initiative is starting to offset a portion of lost demand from the United States due to the trade war.

    Exporters say they have seen a sharp uptick in demand from nations involved in Beijing’s trademark foreign policy initiative, which aims to link Asia, Europe and Africa with a network of ports, motorways and railways. “Take the textile industry as an example, many export-oriented factories in Zhejiang that I know have doubled or even tripled their orders to the African market this year,” said Steve Xie, a textile exporter from the Chinese manufacturing hub, whose own business has seen a 40 per cent increase in orders.

    “Every textile factory in Haining and Yiwu city is talking because there have been a particularly large number of African buyers placing orders this year. The increase in orders from Nigeria and Ethiopia is huge.”

    “We were once very worried about the impact of the US trade war on our exports,” the businessman said. “Now, although orders on the whole cannot be said to be completely balanced [with pre-trade war levels], the belt and road market, including the African market, can make up … up to about 70 per cent.”

    The total value of imports and exports between China and the 61 countries involved in the Belt and Road Initiative was 6.65 trillion yuan (US$945 billion) in the first 10 months of this year, up 9.5 per cent, official data from China’s statistics agency showed. The figure accounted for 29 per cent of the value of China’s total foreign trade.

    China-US trade was worth 2.75 trillion yuan (US$390.9 billion) over the same period, down 10.3 per cent, accounting for about 12 per cent of China’s total trade value.


     
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