Chinese Economics Thread

[plawolf]

tariff is a double edged sword, if China really wants to hurt Australia it would stop inflow of students and tourists.

Covid19 has already seen to that, no tourists this year. Although Australia may see a boost in new Chinese students given their competitively better performance dealing with COVID19 compared to all other major English speaking alternative sources of higher education.

However, if China really wants to do long term damage to Australian tourism and education industries, it can easily do so thanks again to Australia itself. All it needs to do is run prominent and continuous stories about anti-Chinese racist attacks in Australia, which there are plenty, and that will put off most Chinese parents thinking of sending their children abroad for an education or to go on holiday. Chinese parents don’t mess around when dealing with the security and safety of their only child’s.

China’s drive towards greener energy will soon start to really bite into its demand for Australian coal.

Australia has gotten away with the BS crap it has pulled before because China was weary of starting something against a member of America’s five eyes gang. But thanks to Trump, China has now realised that America is more paper than tiger these days, and it’s allies are too busy looking after their own interests to gang up against China on principle. Not when they also depend on China for their continued prosperity, and even their lives right now.

Australia has overplayed its hand by continuing to act as loyal attack dog for Trump as if .

Anyone with half a brain can see right through America’s trumped up charges and clumsy and transparent propaganda drive to smear China to distract for its own ridiculous handling of the crisis. The British are smart enough to have non-government MPs provide the sound bites to appease the Americans, while the Germans, no doubt still pissed about earlier American attempts to poach their vaccine work, bluntly told America no when asked to join in on their anti-China pray circle.

I guess the big question is whether Canada is stupid enough to needlessly stick their nose in this fight, or maybe they might have learnt a thing or two from the Meng case. If not I expect China to spank them hard as well.

COVID19 has been a watershed moment on top of the trade war, the balance of power in the world has shifted, and countries who have previously taken advantage of China by hiding behind America’s back need to now quickly learn to adjust to the new normal, or China will put them in their proper place.

 

[ougoah]

Covid19 has already seen to that, no tourists this year. Although Australia may see a boost in new Chinese students given their competitively better performance dealing with COVID19 compared to all other major English speaking alternative sources of higher education.

However, if China really wants to do long term damage to Australian tourism and education industries, it can easily do so thanks again to Australia itself. All it needs to do is run prominent and continuous stories about anti-Chinese racist attacks in Australia, which there are plenty, and that will put off most Chinese parents thinking of sending their children abroad for an education or to go on holiday. Chinese parents don’t mess around when dealing with the security and safety of their only child’s.

China’s drive towards greener energy will soon start to really bite into its demand for Australian coal.

Australia has gotten away with the BS crap it has pulled before because China was weary of starting something against a member of America’s five eyes gang. But thanks to Trump, China has now realised that America is more paper than tiger these days, and it’s allies are too busy looking after their own interests to gang up against China on principle. Not when they also depend on China for their continued prosperity, and even their lives right now.

Australia has overplayed its hand by continuing to act as loyal attack dog for Trump as if .

Anyone with half a brain can see right through America’s trumped up charges and clumsy and transparent propaganda drive to smear China to distract for its own ridiculous handling of the crisis. The British are smart enough to have non-government MPs provide the sound bites to appease the Americans, while the Germans, no doubt still pissed about earlier American attempts to poach their vaccine work, bluntly told America no when asked to join in on their anti-China pray circle.

I guess the big question is whether Canada is stupid enough to needlessly stick their nose in this fight, or maybe they might have learnt a thing or two from the Meng case. If not I expect China to spank them hard as well.

COVID19 has been a watershed moment on top of the trade war, the balance of power in the world has shifted, and countries who have previously taken advantage of China by hiding behind America’s back need to now quickly learn to adjust to the new normal, or China will put them in their proper place.

Yeah the five eyes have some pretty horrible plans for China. Yeah there have been some sources of instability in a western alliance against China. None of that entails China holding the initiative. It was China getting beat down by covid accusations, Huawei being neutered in the western markets, and a western alliance being established against China. At best things can normalise and tensions ease but china putting nations into their place won't happen and nor should it. But you're making the PRC and its government sound like some scorned ex girlfriend with emotional issues.

Yes China should really react to clearly escalating attempts at attacking it. It could start by encouraging its people against supporting economies like Australia. It's actually good for Australians too. They want less Chinese political influence which the CCP is trying to purchase. China's going to hopefully respond but it won't be some sort of nation ending bullshit. Just much deserved tit for tat.

 

[plawolf]

Yeah the five eyes have some pretty horrible plans for China. Yeah there have been some sources of instability in a western alliance against China. None of that entails China holding the initiative. It was China getting beat down by covid accusations, Huawei being neutered in the western markets, and a western alliance being established against China. At best things can normalise and tensions ease but china putting nations into their place won't happen and nor should it. But you're making the PRC and its government sound like some scorned ex girlfriend with emotional issues.

China has been taking the moral high ground for over 70 years, hows that been working out for China in terms of winning these western powers over?

Given an inch and they will want a yard, give a mouse a cookie and he will want a glass of milk next.

Respectfulness only works with respectable countries who show respect and understanding back.

Against thuggish governments who only respect and response to raw power, showing restraint and respect will just be taken as signs of weakness and encourage further liberty taking.

It is Australia going out of its way to smear China with the BS Trump is pretty much literally pulling out of his backside. If China doesn’t push back against that, what should it push back to?

Yes China should really react to clearly escalating attempts at attacking it. It could start by encouraging its people against supporting economies like Australia. It's actually good for Australians too. They want less Chinese political influence which the CCP is trying to purchase. China's going to hopefully respond but it won't be some sort of nation ending bullshit. Just much deserved tit for tat.

Just how weak do you think the Australians are that some economic pain is going to end them as a nation? :Rolleyes:

 

[Tam]

In all due respect, Australia isn't supporting any of Trump's virus conspiracy theories and neither is its intelligence agency.

 

[supercat]

Who’s decoupling from whom?

China’s March export value rose 8.5% year on year, diverging widely from analyst forecasts which foresaw a 12% decline. Strong exports growth to Asia, and especially Southeast Asia, fed the unexpected improvement.

The March data denote a steady increase in Asian economic integration, in which a larger portion of Asian trade is directed towards Asia itself. While America contemplates decoupling from China, it seems that Asia is decoupling from the United States. Since the US-China tech war began in April 2018 with Washington’s ban on chip exports to China’s ZTE Corporation, “de-Americanization of supply chains” has been the buzzword in the semiconductor industry.

Taiwan, Vietnam, Thailand and Indonesia purchased about 50% more Chinese products in April 2020 than they did in the year-earlier month. Japan and Korea showed 20% gains. Exports to the US rose year-on-year, but from a very low 2019 base.

China’s imports from Asia also rose sharply.
...

A shift in supply chains away from the United States, though, probably accounts for some of the jump in Asian trade. Japan now ships more semiconductors to China than it does to the United States. As late as 2014, Japan sold three times as much semiconductors to the US than to China.
...

US technology companies persuaded the Trump Administration not to try to bar Huawei from access to Taiwanese and other foreign chips, arguing that the measure would delay but not prevent China from achieving self-sufficiency. In the meantime, American firms would lose market share in China – as Qualcomm and Nvdia already have lost to HiSilicon – while the rest of the world would scramble to remove as much American content as possible from the supply chain. That would be a difficult and costly exercise, as the Hinrich Foundation argued in a January 2020 report.
...

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[ougoah]

China has been taking the moral high ground for over 70 years, hows that been working out for China in terms of winning these western powers over?

Given an inch and they will want a yard, give a mouse a cookie and he will want a glass of milk next.

Respectfulness only works with respectable countries who show respect and understanding back.

Against thuggish governments who only respect and response to raw power, showing restraint and respect will just be taken as signs of weakness and encourage further liberty taking.

It is Australia going out of its way to smear China with the BS Trump is pretty much literally pulling out of his backside. If China doesn’t push back against that, what should it push back to?



Just how weak do you think the Australians are that some economic pain is going to end them as a nation?

You may want to reread what I said. It appears you're only comprehending posts in absolutes. I'm saying whatever China does economically, it WON'T be too painful. BUT it is due because as things stand China is busily enriching Australia, who will NEVER be friendly to China. I suspect it's the CCP's way to "buying" political influence and favours. So the CCP has so far until last year been pretty much pouring the RMB into Australia, all for naught. And I don't feel bad for them because whoever thought they could buy influence is very, very wrong indeed. Same with students who contribute and spend about half a million Australian dollars each. If they truly bought a worthwhile education then perhaps that is all worth it, but I very much doubt this with all the partying and cheating going on with many of these youngsters. Their parents are basically donating money in exchange for a piece of worthless paper. The vast majority of these kids are wasting their time in these universities unless they're involved in some elite post graduate programs in STEM. I recall most being accounting kids buying their assignments off wechat.

 

[hullopilllw]

This will be a win for Kazakhstan, Xinjiang Uyghur Autonomous Region of China, and China's One Belt One Road (OBOR) Initiative if China goes ahead with setting tariff on Australian barley. In 2018, China approved import of barley and corn from Kazakhstan to diversify her imports.

Better to buy from friends.

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You forget Russia' Far East.

 

[hullopilllw]

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America decoupling from the world. A delisional declining superpower.

 

[Dolcevita]

US will increasingly be unable to meet the supply from China as part of the Trade Deal.
Yet it will be spun as China's fault.

The situation is about to change.
"pork supplies tightened as the number of pigs slaughtered each day plunged by about 40% since mid-March, shipments of American pork to China more than quadrupled over the same period "

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[plawolf]

US will increasingly be unable to meet the supply from China as part of the Trade Deal.
Yet it will be spun as China's fault.

The situation is about to change.
"pork supplies tightened as the number of pigs slaughtered each day plunged by about 40% since mid-March, shipments of American pork to China more than quadrupled over the same period "

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I hope China is carefully and thoroughly testing these imported American pork shipments, as I have massive reservations about their hygiene standards when so many of their workers are getting COVID19 from working in those plants. It would be a disaster if imported contaminated American pork caused a second wave of COVID19 in China.