my look at this month's data for export to Africa. This is really good commerce and trading relationship.
Chinese Economics Thread
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my look at this month's data for export to Africa. This is really good commerce and trading relationship.
So they set another record for trade surplus in 2025.
China has achieved the feat of uniting Western libertarians and anarcho-capitalists in defending protectionism against Chinese trade.
That's quite an accomplishment.
Subsidies don't always consiste of cash necessarily.
But I've read the EU report that detailed allegations on subsidies. A lot of the work is... sub-par. For instance, the EU could not determine whether the loans Chinese auto companies received were "market-rate", because they couldn't figure out what the "market-rate" was for bank loans.
So what they did was downgrade all of the credit ratings of Chinese auto companies to B, and determined that their bank loans were a form of subsidies (by the way, this also ignores billions in auto loans and favorable credit terms given to EU's own favored sectors).
Another funny bit was how they justified some of these ratings. Geely was considered to be a risky, non-established entity that wouldnt be able to get good credit terms on a loan. Which completely ignores that Geely is owned by a massive conglomerate Zhejiang Geely Holdings...
So no, I don't particularly hold the "subsidies" argument in high regard. The people who debate this topic on twitter or various Forums simply haven't read anything about the subsidies they claim to be so concerned about.
November breakdown of import vs export data.
antiterror13
Brigadier
Waiting for some reporters (i.e BBC) would say "at what cost?" hahahahah
Jan–Nov 2025: Surplus already $1.08 trillion, surpassing the 2024 full-year record of $992 billion.
It is expected the total surplus for the whole 2025 ~$1.25T ... amazing!
The US in 2025 is expected almost the same as China at $0.9T ... ohhhh wait .. it is DEFICIT ... my bad
Surprising that India will have deficit ~$300B in 2025 .. how come? thats why the Rupee is failing fast
probably some Jai Hindi would be proud having deficit, the same league as US, UK as France
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I do think Chinese economy will slow down. It has taken all the easy to grab ways to expand. The world simply cannot handle the rate Chinese economy expands. There is no more demand. The only thing left are money locked behind geopolitics and high tech barrier. Chinese will crack these barriers slowly but at reduced rate. That is the general trend of world.
antiterror13
Brigadier
those figures above include goods and services
We joke about the 'but at what cost' but it literally is the cost of European deindustrialization which is why, as much as Chinese companies/technologies are increasingly competitive, the political consequence is simply not tolerable for any politician in Western Europe.
Which is why domestic demand (especially services demand) has to be the next leg of the growth (along with a moderate and acceptable amount of positive price at say 1-2% GDP deflator which will help nominal gdp even though not do anything for real gdp). The other thing is China can easily win more share on 'service' exports - like inbound travel into China - something that is virtually impossible for Western politicians to 'sanction' or 'be protectionist' against (like are they going to ban tourism to China? Lol)