China and North Korea: What Can China Do?

[Pointblank]

No, one has to look at the size and nature of those links between countries. Just look at the the RFC, it was in part due to the sharp drop in the price of oil, was that bad for China? As I stated in my post, look at the what SK imports and what it exports as well as China's trade deficit with it. From China's POV SK is only a small market yet its a major global competitor which includes auto, shipping and oil. The US connection to the rest of the world is obvious, but SK is a whole different story. If anything there are many economic opportunities for China in such a crisis.

The sharp drop in oil prices was CAUSED by the Asian Financial Crisis, as the crisis scared investors in investing in developing nations, which caused economic slowdowns in many developing nations as sources of capital dried up. if you want an idea of how far the Asian Financial Crisis spread, the aftereffects of the crisis hit South America, with Argentina and Brazil falling into crisis as well. As I said earlier, financial problems in one part of the world can quickly spread to other nations in today's global economy, causing a worldwide recession.

Why do you think the Europeans are so worried about the debt situation in Greece, Italy, Portugal, Ireland and Spain? Because the economic malaise can quickly spread to the more developed economies of Germany, France, and other stronger European nations, and from there, can spread around the world. It's never a good thing if a developed nation falls into economic crisis as in the end, no one will benefit.

 

[nameless]

The sharp drop in oil prices was CAUSED by the Asian Financial Crisis, as the crisis scared investors in investing in developing nations, which caused economic slowdowns in many developing nations as sources of capital dried up. if you want an idea of how far the Asian Financial Crisis spread, the aftereffects of the crisis hit South America, with Argentina and Brazil falling into crisis as well. As I said earlier, financial problems in one part of the world can quickly spread to other nations in today's global economy, causing a worldwide recession.

Please do not generalize, I did not say that the oil price was unaffected by the AFC, but rather that someone could benefit from it. AFC was a currency crisis caused by currency speculation, as well as structural problems and bad policies within those economies. Obviously if enough of these economies fail at the same time the whole world would be effected. It does not mean that any particular nation like Thailand caused it.

Why do you think the Europeans are so worried about the debt situation in Greece, Italy, Portugal, Ireland and Spain? Because the economic malaise can quickly spread to the more developed economies of Germany, France, and other stronger European nations, and from there, can spread around the world. It's never a good thing if a developed nation falls into economic crisis as in the end, no one will benefit.

Of course Europeans would worry about the financial well being of European countries since they share a common currency with interlinked financial institutions. There were earlier calls for kicking Greece out but that did not go anywhere politically. If Greece had a printing press, then they could have inflated their way out of debt, but they couldn't and the problem got transferred to the rest of EU. And no Greece was not the cause of those other countries to go in to debt. And Please do not equate the economies of US and EU(as a whole) to SK.

 

[Red___Sword]

You're lucky I'm a Chinese, so I know what you're trying to say. Sorry to break it to you, but I suddenly find this the best opportunity to dictate the instances where your writing confuses us. This sentence of yours is the best example. You pulled this out from the expression 洗耳恭听, but you can't literally direct-translate that into English. It doesn't make sense, and it doesn't exist. The closest you can get would have been "I'm all ears", so maybe next time try that instead. Furthermore, Blitizio mentioned to you at one time that we are normal folks, so we all speak with basic/commonly used phrases. Please stick to those UNTIL/UNLESS you are using a jargon that we should all be familiar with in this community (example, AAM or AWACS. someone who doesn't even know what those means won't even be qualified to enter threads of those respective words) or that it's your major. Even then, it's still better to use simple languages unless you're gonna follow it up with an explanation. Sorry to break this to you all the sudden, but I do hope it helps.

Oh and by the way, if you use "will" in the beginning of that sentence, you shouldn't switch tense in the middle, such as "waiting". It would have been "I'll wash ears and await your lessons" or something. Even then, if I don't know what you try to say, I'd wonder why you need to wash your ears.

I noticed there is a time difference between us, but taking the time-differences between "then" your last post and my "this" response - this is all what you left for lesson for more than 12 hours.

Let me quote:

Big shrimp

Jump big god

fence climber

(A little bit old) Paper tiger

......

I am sorry you feel bothered if this good forum having its own way to make slangs between Chinese civilized members, while most of time pure English members don't get it, and by a polite question like "what is big shrimp?", people usually getting polite responses.

It's just when people (including me) kind (and easy going) enough, won't bother to "acadamicly" point out what I quoted "Jump big god" thing by some other friendly member in some easy going conditions, having (English) grammar mistake.

Eveyone have thier own schedule to keep at their own life thats for sure, the amazing thing is after the previous 2 pages of virtually OT discussion, I would appreciate some "in topic" lessons, when the quote: "hugeass response" is still THAT much OT of some senior English study experience.

airsuperiority, I would like to sincerely say that, till my post #75, I still wishes some insight discussion about either OT "ethnic mentality" or "in topic" argue of korean peninsula, without any intention of flambite, at all.
If you keeps reading out "non-friendly" meanings from my posts (cause I read out "superiority" form your responses, all the time) because of my less enlightened wording skills, I would like to pay an apologize here and make an end of what ever smells between us.

Shall we talk something more constructive everytime now?

 

[airsuperiority]

I noticed there is a time difference between us, but taking the time-differences between "then" your last post and my "this" response - this is all what you left for lesson for more than 12 hours.

Let me quote:









......

I am sorry you feel bothered if this good forum having its own way to make slangs between Chinese civilized members, while most of time pure English members don't get it, and by a polite question like "what is big shrimp?", people usually getting polite responses.

It's just when people (including me) kind (and easy going) enough, won't bother to "acadamicly" point out what I quoted "Jump big god" thing by some other friendly member in some easy going conditions, having (English) grammar mistake.

Eveyone have thier own schedule to keep at their own life thats for sure, the amazing thing is after the previous 2 pages of virtually OT discussion, I would appreciate some "in topic" lessons, when the quote: "hugeass response" is still THAT much OT of some senior English study experience.

airsuperiority, I would like to sincerely say that, till my post #75, I still wishes some insight discussion about either OT "ethnic mentality" or "in topic" argue of korean peninsula, without any intention of flambite, at all.
If you keeps reading out "non-friendly" meanings from my posts (cause I read out "superiority" form your responses, all the time) because of my less enlightened wording skills, I would like to pay an apologize here and make an end of what ever smells between us.

Shall we talk something more constructive everytime now?

sorry but once again i seriously have no clue what on earth your first 3 paragraphs are trying to say. please don't bother explaining to me neither. as for the response, i owe u one there. i might respond to u after 2 days because i just got back from hk and im suffering from jetlag. first thing i need to fix is my sleep, otherwise i dun hv energy for anything.

 

[Red___Sword]

sorry but once again i seriously have no clue what on earth your first 3 paragraphs are trying to say. please don't bother explaining to me neither. as for the response, i owe u one there. i might respond to u after 2 days because i just got back from hk and im suffering from jetlag. first thing i need to fix is my sleep, otherwise i dun hv energy for anything.

You know what, don't bother, I don't deserve your good time.

All the point is, be constructive, we both.

 

[Pointblank]

Please do not generalize, I did not say that the oil price was unaffected by the AFC, but rather that someone could benefit from it. AFC was a currency crisis caused by currency speculation, as well as structural problems and bad policies within those economies. Obviously if enough of these economies fail at the same time the whole world would be effected. It does not mean that any particular nation like Thailand caused it.



Of course Europeans would worry about the financial well being of European countries since they share a common currency with interlinked financial institutions. There were earlier calls for kicking Greece out but that did not go anywhere politically. If Greece had a printing press, then they could have inflated their way out of debt, but they couldn't and the problem got transferred to the rest of EU. And no Greece was not the cause of those other countries to go in to debt. And Please do not equate the economies of US and EU(as a whole) to SK.

1. No one benefits from economic crisis. While one nation might take a slight advantage, it was only temporary before they were hit economically soon after. When you are talking about a nation that is 14th in the world by nominal GDP and 12th by purchasing power parity (PPP), you are talking about a nation that if it stumbled economically, could severely damage the world economy as a whole. Even nations that were considered economically stable got hurt during the past few economic crises that were experienced.

2. Of course the Europeans are worried. Europe is essentially a microcosm of the world economy. If one part of Europe struggles economically, eventually everyone else will feel it.

 

[nameless]

1. No one benefits from economic crisis. While one nation might take a slight advantage, it was only temporary before they were hit economically soon after. When you are talking about a nation that is 14th in the world by nominal GDP and 12th by purchasing power parity (PPP), you are talking about a nation that if it stumbled economically, could severely damage the world economy as a whole. Even nations that were considered economically stable got hurt during the past few economic crises that were experienced.

Again stop with the generalizations, look at the nature of each crisis in detail, its a matter of scale and dependencies. In other words dont compare the US, Europe or Asia with SK. I have already stated the nature of the SK economy, throwing GDP rankings around without understanding the intricacies of the economics involved is just shallow.

2. Of course the Europeans are worried. Europe is essentially a microcosm of the world economy. If one part of Europe struggles economically, eventually everyone else will feel it.

The problem with the eurozone is the Euro, its a mishmash of nations using a common currency, managed by the ECB, in other words no single member nation can just print money however much they like. They essentially gave up part of their sovereignty. There is no such equivalent system on a world scale, please don't tell me that the SK won is somehow the equivalent of such a currency.

 

[Pointblank]

Again stop with the generalizations, look at the nature of each crisis in detail, its a matter of scale and dependencies. In other words dont compare the US, Europe or Asia with SK. I have already stated the nature of the SK economy, throwing GDP rankings around without understanding the intricacies of the economics involved is just shallow.



The problem with the eurozone is the Euro, its a mishmash of nations using a common currency, managed by the ECB, in other words no single member nation can just print money however much they like. They essentially gave up part of their sovereignty. There is no such equivalent system on a world scale, please don't tell me that the SK won is somehow the equivalent of such a currency.

1. You missed the point. There is a theory in macroeconomics called contagion theory. If economic problems arise in one nation, it will have a knock on effect on other nearby nations, and from there spread very quickly around the world. When capital flows as easy as it is today, if investors become spooked in one nation, other investors around the world will become spooked and pull their money out of what are otherwise healthy economies, leading to a economic crisis.

2. Europe is a microcosm because of the inter-dependencies of the intra-European market. The world economy has just as many links and dependencies between nations as does the European economy.

 

[nameless]

1. You missed the point. There is a theory in macroeconomics called contagion theory. If economic problems arise in one nation, it will have a knock on effect on other nearby nations, and from there spread very quickly around the world. When capital flows as easy as it is today, if investors become spooked in one nation, other investors around the world will become spooked and pull their money out of what are otherwise healthy economies, leading to a economic crisis.

This makes no sense, according to your logic if investors are spooked with Greece then they will pull their money from economies like China, US and rest of the world? If anything they pull money to where its relatively safe. Even Germany with much closer ties to the eurozone has been has had solid growth this and past year.

2. Europe is a microcosm because of the inter-dependencies of the intra-European market. The world economy has just as many links and dependencies between nations as does the European economy.

No it is not, the types of inter-dependencies inside the Europe such as the Euro does not exist between China and SK or to be more precise the dependency is one sided.

 

[nosh]

This makes no sense, according to your logic if investors are spooked with Greece then they will pull their money from economies like China, US and rest of the world? If anything they pull money to where its relatively safe. Even Germany with much closer ties to the eurozone has been has had solid growth this and past year.



No it is not, the types of inter-dependencies inside the Europe such as the Euro does not exist between China and SK or to be more precise the dependency is one sided.

If Europe is in trouble then investors will put their money somewhere else. Is Asia is also in trouble then the investors will have to put their money in US. Currently US desperately needs investment. This explains why US is doing its best to paint a glooming future for Europe and Asia, and to create economical, political, and military instability in/around these two continents.