Chinese Economics Thread

[AssassinsMace]

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That's funny. Japan makes a statement beating South Korea to the punch. I'm sure that was intentional. There's less than two weeks to be an official founding member. Like that's enough time to scrutinize AIIB's merits?

 

[Ultra]

Seems like this is the most appropriate thread for this post.

Hopefully this development does not mean there is less interest in mutual understanding between Americans and Chinese as people. Continued mutual interest in at least tourism is a good sign.

The article is a bit vague about its statistics and comparisons at times. Wonder what the stats are for US students in degree programs in China as well as Chinese students in exchange programs to the US.

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That's funny. Japan makes a statement beating South Korea to the punch. I'm sure that was intentional. There's less than two weeks to be an official founding member. Like that's enough time to scrutinize AIIB's merits?

It is understandable. The old saying goes..."If you can't beat it.. join it!" can't be more true.

I am sure they would find some ways to "spoils the soup" if they join if you know what I mean.

 

[broadsword]

I am sure they would find some ways to "spoils the soup" if they join if you know what I mean.

Which is why the American intransigence is inexplicable. But if there is an impasse, I suppose there will be a new grouping with China on one side and the ostensibly the West on the other. The competition will be interesting and we will have one group taking the majority.

 

[PanAsian]

Everyone remember this when people talk about tainted products from China.

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In the video they say they don't know where the arsenic is coming from. Living near Napa Valley the local regional news has explained where the arsenic is coming from. It's a short-cut process (sound familiar) where the wine makers add wood chips to turn the wine into the color they want. That's apparently a major source of where this arsenic is coming from.

Huh, vanity driven by greed supported by gluttony. Glad I don't drink.

 

[SampanViking]

Which is why the American intransigence is inexplicable. But if there is an impasse, I suppose there will be a new grouping with China on one side and the ostensibly the West on the other. The competition will be interesting and we will have one group taking the majority.

Two factors occur to me which may explain the US opposition to the bank and why the Europeans and others are breaking ranks and wish to join it.

1) It is a bank that is actually supported by a lot of real money.

2) An Infrastructure bank, funding infrastructure in the Asia Pacific region, would most likely be used to fund a lot of new transportation and energy production/transmission infrastructure in Eastern and Central Siberia. In short that the bank may be able to enable European nations and others, to bust the Sanctions regime against Russia by investing through a mechanism which is not itself bound by the sanctions regime and over which they can claim to have no significant control (which I would further guess is what the "Governance" Issue is truly alluding too.)

 

[Equation]

I am sure they would find some ways to "spoils the soup" if they join if you know what I mean.

Than in that case...

 

[AssassinsMace]

On 60 Minutes this Sunday they're going to have a story where after we've heard about the world was breaking China's monopoly on rare earths, apparently that's not the case at least for the US. The US's last production facility is threatened with closure for some reason. Watch it or set your DVRs for those who can see the US version.

 

[plawolf]

Two factors occur to me which may explain the US opposition to the bank and why the Europeans and others are breaking ranks and wish to join it.

1) It is a bank that is actually supported by a lot of real money.

2) An Infrastructure bank, funding infrastructure in the Asia Pacific region, would most likely be used to fund a lot of new transportation and energy production/transmission infrastructure in Eastern and Central Siberia. In short that the bank may be able to enable European nations and others, to bust the Sanctions regime against Russia by investing through a mechanism which is not itself bound by the sanctions regime and over which they can claim to have no significant control (which I would further guess is what the "Governance" Issue is truly alluding too.)

I would swap point 1 with the fact that the new bank will give China an actual say.

The entire AIIB would not have come into being if the west in general, and America in particular, actually gave China any meaningful influence in the existing institutions of the IFM, World Bank and Asian development bank.

Instead, all they seem to want is for China to put more money into those western dominated institutions while giving it little or nothing back.

Is it any wonder that China rolled its eyes at that offer and decided to set up its own bank?

 

[AssassinsMace]

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It's absolutely fascinating reading how the debate over the merits of AIIB have absolutely nothing to do with the functions of the bank itself. Sure that's what they say publicly but behind the scenes it's anything but. Interesting how European countries were working on a consensus and then Great Britain jumps the gun.

 

[broadsword]

This is big.

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