Chinese Economics Thread

You guys doesn't like it You don't know what you are missing look at this video
Look at this Chinese tourist
Smell it and you wouldn’t want to eat it. It smells like cat litter

My dad and his family loves it though. As for me, heck no.
could be something like
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here, then ('really' smelly cheese that some people cherish, some other can't stand)
 

ZeEa5KPul

Colonel
Registered Member
My dad and his family loves it though. As for me, heck no.
I've wondered if there's a genetic component to the palatability of durian. Maybe some people can't detect the smell or their brains interpret the smell differently. Kind of serious question: does your mother share your distaste for durian?
 

Hendrik_2000

Lieutenant General
I've wondered if there's a genetic component to the palatability of durian. Maybe some people can't detect the smell or their brains interpret the smell differently. Kind of serious question: does your mother share your distaste for durian?

It has more to do with cultural conditioning If you grow up with Durian as a food then there is no problem. But if you never even see durian or have predisposed prejudice then the pungent smell of Durian is repulsive

Most people in SEA love Durian and it is considered luxurious food because it is very expensive And only available when it is in season only

BTW export to China grow exponentially And Chinese tourist love to eat it when they visit SEA

It is no worst then the smell of old Swiss cheese or Limburger cheese
Limburger
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Mainly produced in Germany, Limburger is perhaps the most popular of all smelly cheeses. It is fermented using Brevibacterium linens, a bacterium partly responsible for the smell of the human body. As a result, when people say Limburger smells like human feet they are scientifically correct.

Or Australia Vegemite

Now this guy smell bad "Blachan" or shrimp paste but it is so good it give kick to a food Thai, Malay, Indo,Southern Chinese, Peranakan love this food
sf_pdblachen01e.jpg
 

solarz

Brigadier
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China Set To Defy U.S. Sanctions On Iran
Tensions between Washington and Beijing could soon peak if China positions itself to defy President Trump’s repeal of Iranian oil sanctions waivers. On Saturday,
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that China might not submit to U.S. sanctions pressure over its Iranian oil imports because Iran is a key investor in China’s Belt and Road Initiative as well as a key energy partner.

Two weeks ago, the Trump Administration surprised both domestic and international energy markets players and watchers when it
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first put in place in November. Washington also said it would place sanctions on any country that continues to buy Iranian oil after May 2. Japan, China, India, South Korea, Taiwan, Italy, Greece, and Turkey - all of Iran’s biggest oil clients - were initially granted 180-day waivers.



As a result of the U.S. move, London-traded, global oil benchmark Brent crude breached the psychologically important $75 per barrel price point. Since then, Brent has pared those gains by nearly $5 per barrel amid a host of factors, including a jump in U.S. crude inventories to their highest level since September 2017 as well as U.S. production hitting a record 12.3 million barrels per day (bpd), cementing its top global oil producer slot ahead of Russia and Saudi Arabia. Brent ended the trading session on Friday at just under $71 per barrel, while U.S. oil benchmark, NYMEX-traded West Texas Intermediate crude (WTI) futures ended the session at $61.94 per barrel, up 13 cents, but losing nearly 3 percent for the week, its second consecutive week of declines.

Chinese stratagems

According to a
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experts in the country also said that China’s energy security wouldn’t be affected too much by the removal of oil sanctions waivers due to diversification of supply, while the issue could even offer Beijing a new bargaining chip in ongoing trade negotiations with Washington as both sides try to reach an agreement to end nearly a year of tit-for-tat trade tariffs. It should be noted that the Global Times is known for expressing hawkish views, sometimes in adherence with the official Chinese Communist Party (CCP) line and sometimes not.
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"China has multiple overseas oil suppliers, so the U.S. sanctions won't have a huge impact on China's energy security,” said Bai Ming, deputy director of China’s Ministry of Commerce's International Market Research Institute. Hua Liming, a Middle East studies expert and a former Chinese ambassador to Iran said “it [the removal of waivers] doesn't mean China will submit to the U.S. and cut off its energy trade ties with Iran, because Iran is a key partner of China in economy, politics and security. According to state-run Xinhua news agency, Iranian oil imports make up some 6 percent of China’s total crude imports, making the Islamic Republic China’s seventh largest oil importer.

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Counter point

Others, however, at least internationally, offer a different take, claiming that Beijing will not damage its relations with Washington further by challenging the removal of the Iranian oil sanctions waivers.

Moreover, many claim that if China resists calls to end Iranian oil imports, it could jeopardize ongoing sensitive trade talks, which appear to be heading to successful conclusion.

Moreover, Japanese, Chinese, South Korean and Indian kowtow to U.S. pressure to stop importing Iranian oil will play into the hands of Saud Arabia, Russia, and other OPEC members as they battle for an increasing part of overall Asian and more especially Chinese oil market share.

By Tim Daiss for Oilprice.com

I remember when Obama lifted the sanctions, there was speculation that Iran would start to move away from China. Trump pretty much quashed that notion.

Iran is a key strategic partner for OBOR. An Iranian pipeline to China, running through Pakistan, would be an invaluable asset.
 
now I read
China’s exports suffer surprise fall in April amid heightened trade war tensions with United States
  • Exports dropped by 2.7 per cent in April, countering a 14.2 per cent rise in March and an economic growth rate of 6.4 per cent in the first quarter of 2019
  • US President Donald Trump announced on Sunday that the 10 per cent levy on US$200 billion of Chinese goods would increase to 25 per cent this week
Updated: 2:00pm, 8 May, 2019
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China’s exports surprisingly shrank in April after a short-lived recovery as fears of an escalating trade war with the United States clouds the economic outlook for the world’s second largest economy.

Exports fell 2.7 per cent last month compared with the same period in 2018, a sharp reversal from the
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in March.
The decline was a surprise, with analysts having expected a 3 per cent increase in exports, according to a Bloomberg survey.

Imports, an indication of domestic demand, rebounded slightly in April by climbing 4 per cent, reversing part of the 7.6 per cent drop in March.

The latest data from China’s General Administration of Customs also showed April’s trade surplus narrowed by US$18.8 billion to US$13.48 billion overall.

Expectations that Chinese and US negotiators would complete a deal to end the bilateral trade war this week had increased recently until
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threatened to raise tariffs on US$200 billion of Chinese goods from 10 per cent to 25 per cent.

Despite Trump’s tariff threat, a Chinese trade delegation led by Vice-Premer Liu He is preparing to travel to Washington for further talks on Thursday and Friday, the Chinese Ministry of Commerce announced on Tuesday.

China’s trade surplus with the US, a source of tension – among others – with Washington, climbed 2.4 per cent last month to US$21 billion. The surplus with the US was US$20.5 billion in March.

While Chinese exports dropped 13.1 per cent in April compared to a year ago, China also bought less from the US as imports fell by 25.7 per cent in the same period, Bloomberg data showed.

“Weak growth in Chinese exports to the US will also be concerning to Chinese officials, particularly amid a potential escalation in the trade war,” said Nick Marro, an analyst at The Economist Intelligence Unit. “The data will add more urgency to the trade negotiations this week and could push China more forcefully towards an agreement, despite its past reluctance to negotiate under threat.”

The unexpected drop in exports will raise questions about the outlook for the Chinese economy, after economic growth had stabilised at 6.4 per cent in the first quarter of 2019.

The unexpected drop in exports will raise questions about the outlook for the Chinese economy, after growth had stabilised at
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of 2019.

In a series of articles on Tuesday and Wednesday responding to Trump’s tariff threat, China’s official media stressed the resilience on the Chinese economy, citing in particular the large rise in exports in March.

“Export growth was disappointing last month, with Trump’s latest tariff threats adding to the downside risks ahead,” said Julian Evans-Pritchard, senior China economist at Capital Economics.

“If Trump follows through on his latest tariff threats, we think this would drag down export growth by two to three percentage points. And even if a last-minute deal is struck this week to avoid further tariffs, the downbeat prospects for global growth will probably mean that export growth remains subdued.”

and
China's foreign trade up 4.3 pct in first four months
Xinhua| 2019-05-08 11:40:21
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China's foreign trade of goods climbed 4.3 percent year on year in the first four months of this year to 9.51 trillion yuan (about 1.41 trillion U.S. dollars), customs data showed Wednesday.

Exports increased by 5.7 percent year on year to 5.06 trillion yuan during this period, while imports went up by 2.9 percent to 4.45 trillion yuan, the General Administration of Customs (GAC) said.

Trade surplus rose by 31.8 percent to 618.17 billion yuan during this period.

April trade expanded by 6.5 percent to reach 2.51 trillion yuan. Exports grew by 3.1 percent in yuan terms last month, while imports jumped by 10.3 percent, GAC data showed.

Trade surplus stood at 93.57 billion yuan in April, shrinking by 43.8 percent year on year.
 

Tam

Brigadier
Registered Member
Noting from this.

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"China’s trade surplus with the U.S., meanwhile, rose to $21.01 billion in April from $20.5 billion in March, the data showed."


Despite:

"Customs data on Wednesday showed that trade surplus for April came in at $13.84 billion. That was far lower than the $35 billion
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had expected, and below the $32.65 billion posted in March.


Dollar-denominated exports also missed expectations in April, falling 2.7% from a year ago, according to data from the China’s General Administration of Customs. Economists polled by Reuters expected an increase of 2.3% from a year earlier.

However, April imports unexpectedly rose by 4% from a year ago, compared to a decline of 3.6% that economists predicted. Imports in March fell 7.6%."

Lets make it clear a few things.

1. The Chinese are not padding figures, or they would have padded this.

2. Exports to the US actually rose but exports everywhere else has gone down. This is suggesting that the US economy is still strong but the global economy is getting weak.

3. A rise in imports shows more of a strength for the Chinese economy, as it relates to increased demand. This increased demand also means increased domestic consumption for Chinese manufacturers.
 
now I read (in fact the 6th sentence twice)
Economic Watch: China secures steady, sustainable Jan.-April trade growth
Xinhua| 2019-05-08 17:24:56
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China's foreign trade saw steady development and structure improvement in the first four months of this year as the sector seeks high-quality growth.

The country's foreign trade of goods climbed 4.3 percent year on year during this period to 9.51 trillion yuan (about 1.41 trillion U.S. dollars), customs data showed Wednesday.

Exports increased by 5.7 percent year on year to 5.06 trillion yuan during this period, while imports went up by 2.9 percent to 4.45 trillion yuan, the General Administration of Customs (GAC) said.

Foreign trade maintained good momentum of steady growth in the Jan.-April period despite a complicated and grim external environment, and trade structure keeps improving, said Li Kuiwen, director of the GAC's statistics and analysis department.

MOVING UP THE VALUE CHAIN

April trade expanded by 6.5 percent to reach 2.51 trillion yuan. Exports grew by 3.1 percent in yuan terms last month, while imports jumped by 10.3 percent, 10 percentage points faster than growth in the first quarter, GAC data showed.

Trade surplus stood at 93.57 billion yuan in April, shrinking by 43.8 percent year on year.

General trade grew faster than processing trade during the Jan.-April period, which also saw an increasing share in China's total trade volume.

Exports of some mechanical and electrical products with relatively high value-added, such as solar cells and medical devices, maintained robust growth.

Imports of planes and aquatic products climbed by 19.5 percent and 46.1 percent year on year respectively in the first four months.

TAPPING THE EMERGING MARKETS

The European Union was China's largest trading partner during this period, followed by the ASEAN, the United States and Japan.

Trade with Belt and Road countries totaled 2.73 trillion yuan, up 9.1 percent year on year, more than doubling the overall pace.

Chinese enterprises are also increasing their trade with emerging markets. Trade with the ASEAN, Latin America and Africa grew 9 percent, 15.1 percent and 8.9 percent respectively.

Over 50 freight trains loaded with cars, home appliances and other high-value-added products have been shipped to Russia, Central Asia and other regions from Shandong Province's capital city Jinan so far this year, according to Geng Lei, general manager of the local logistics company which runs the freight trains.

"The first quarter of this year saw 38 such freight trains, already surpassing the total of last year. The growth momentum is gathered more markedly in April, as almost one freight train is shipped each day," Geng said.
 
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