Chinese Economics Thread
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bajingan
Senior Member
So much for trade wars are easy to win, this is what you get from electing a president with multiple bankruptcies on his record
Despite tariffs, sanctions, and pandemic China has emerged stronger than ever while the us is increasingly look like failed third world country
Hendrik_2000
Lieutenant General
Well as I said before China try to remedy the Melacca straits vulnerability by building pipeline to Russia still small percentage but it will grow over time
Energy Deals Are Creating A Powerful Alliance Between China And Russia
Natural Gas Nov 20
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Editor OilPrice.com
Wed, October 7, 2020, 2:00 PM CDT
The Chinese economic growth miracle is disrupting the global balance of power. President Trump’s trade war with China was the latest manifestation of Washington’s effort to pivot to the east, a strategy that began under former President Obama. Now, another ‘pivot’ is progressing steadily while the rest of the world grapples with Covid-19. Russia is increasingly focusing its attention to the east and its relationship with China. To highlight this pivot, the world’s largest energy producer, Gazprom, has started a for the company’s next massive pipeline, the Power of Siberia-2 pipeline.
The first decade of this century was a promising one for Russia, with its international trade booming and a growing number of oil and gas buyers both to the east and west. Moscow’s fallout with the West, however, has strengthened the necessity for a ‘Pivot to the East’. The most obvious and short term result has been the Power of Siberia gas pipeline.
The agreement was struck during the height of tensions between Moscow and the West, when Russia was desperate to show its geopolitical independence in the face of western obstruction. The gas pipeline started operating this year and is expected to transport annually to China, earning Russia $400 billion over three decades.
The importance of China to the Russian economy and the ruling elite’s political future cannot be underestimated. At the same time, while China’s growing technological prowess is bringing it into the western sphere, it will remain heavily reliant on Russia's energy and mineral wealth for decades to power its industries.
Energy Deals Are Creating A Powerful Alliance Between China And Russia
Natural Gas Nov 20
2.81+0.18
Get advanced data and expert analysis you can trust to navigate volatile markets.
Editor OilPrice.com
Wed, October 7, 2020, 2:00 PM CDT
The Chinese economic growth miracle is disrupting the global balance of power. President Trump’s trade war with China was the latest manifestation of Washington’s effort to pivot to the east, a strategy that began under former President Obama. Now, another ‘pivot’ is progressing steadily while the rest of the world grapples with Covid-19. Russia is increasingly focusing its attention to the east and its relationship with China. To highlight this pivot, the world’s largest energy producer, Gazprom, has started a for the company’s next massive pipeline, the Power of Siberia-2 pipeline.
The first decade of this century was a promising one for Russia, with its international trade booming and a growing number of oil and gas buyers both to the east and west. Moscow’s fallout with the West, however, has strengthened the necessity for a ‘Pivot to the East’. The most obvious and short term result has been the Power of Siberia gas pipeline.
The agreement was struck during the height of tensions between Moscow and the West, when Russia was desperate to show its geopolitical independence in the face of western obstruction. The gas pipeline started operating this year and is expected to transport annually to China, earning Russia $400 billion over three decades.
The importance of China to the Russian economy and the ruling elite’s political future cannot be underestimated. At the same time, while China’s growing technological prowess is bringing it into the western sphere, it will remain heavily reliant on Russia's energy and mineral wealth for decades to power its industries.
Is it possible that this alignment might be a reason that German won't be easily abandon Nord Stream 2? So that it can balance Chinese grip to the Russian hydrocarbon economy.?Well as I said before China try to remedy the Melacca straits vulnerability by building pipeline to Russia still small percentage but it will grow over time
Energy Deals Are Creating A Powerful Alliance Between China And Russia
Natural Gas Nov 20
2.81+0.18
Get advanced data and expert analysis you can trust to navigate volatile markets.
Editor OilPrice.com
Wed, October 7, 2020, 2:00 PM CDT
The Chinese economic growth miracle is disrupting the global balance of power. President Trump’s trade war with China was the latest manifestation of Washington’s effort to pivot to the east, a strategy that began under former President Obama. Now, another ‘pivot’ is progressing steadily while the rest of the world grapples with Covid-19. Russia is increasingly focusing its attention to the east and its relationship with China. To highlight this pivot, the world’s largest energy producer, Gazprom, has started a for the company’s next massive pipeline, the Power of Siberia-2 pipeline.
The first decade of this century was a promising one for Russia, with its international trade booming and a growing number of oil and gas buyers both to the east and west. Moscow’s fallout with the West, however, has strengthened the necessity for a ‘Pivot to the East’. The most obvious and short term result has been the Power of Siberia gas pipeline.
The agreement was struck during the height of tensions between Moscow and the West, when Russia was desperate to show its geopolitical independence in the face of western obstruction. The gas pipeline started operating this year and is expected to transport annually to China, earning Russia $400 billion over three decades.
The importance of China to the Russian economy and the ruling elite’s political future cannot be underestimated. At the same time, while China’s growing technological prowess is bringing it into the western sphere, it will remain heavily reliant on Russia's energy and mineral wealth for decades to power its industries.
Hi caudaceus,
It's more like economic rather than politics, remember the US is strongly against Nord Stream 2 and ready to use sanction to stop it. The importance of Nord Stream 2 is to cut extra cost in subsidizing Ukraine (transit cost) and extra supply of cheap gas.
China losing its electronics supply chains. Disaster...
TAIPEI --- It was a hot summer morning in Taipei when several officials from the American Institute in Taiwan, the de facto U.S. embassy, visited the top management of a major tech company, a key supplier to Apple.
It was immediately apparent that this was unlike previous courtesy visits, where U.S. officials stop in from time to time to hear what's happening in the industry. This time, they cut the chitchat and threw out a blunt question soon after they sat down: "Why aren't you moving more of your production capacity outside of China?" they asked. "Why aren't you moving faster?"
Participants described the conversation as "serious and unsettling." "We felt uneasy," said one. "They asked many questions that we didn't know if we could answer. The answers would have involved unreported strategies about ourselves and our clients." But the message was unambiguous: The U.S. government was directly appealing to his company to cut its ties to China, he said.
"I think a lot of supply chain movement in tech products has been set in motion, and it has momentum that will be hard to change."
TAIPEI --- It was a hot summer morning in Taipei when several officials from the American Institute in Taiwan, the de facto U.S. embassy, visited the top management of a major tech company, a key supplier to Apple.
It was immediately apparent that this was unlike previous courtesy visits, where U.S. officials stop in from time to time to hear what's happening in the industry. This time, they cut the chitchat and threw out a blunt question soon after they sat down: "Why aren't you moving more of your production capacity outside of China?" they asked. "Why aren't you moving faster?"
Participants described the conversation as "serious and unsettling." "We felt uneasy," said one. "They asked many questions that we didn't know if we could answer. The answers would have involved unreported strategies about ourselves and our clients." But the message was unambiguous: The U.S. government was directly appealing to his company to cut its ties to China, he said.
"I think a lot of supply chain movement in tech products has been set in motion, and it has momentum that will be hard to change."
No but it does make it a bit more annoying though. The USA not only depends on supply chains as well, but none of those supply chains takes into account that the us infrastructure needs to be updated first given the poor state that they are currently in now before they can truly isolate China. The only nation that can truly process rare earths (a crucial element into high tech) on a massive scale is China and the USA for all there threats hasnt even begin to plan for such an undertaken attempt to try to isolate China like invest money to developing there on processing plants given that they are wasting money bailing out corporations right now along with trying to help there own people (no matter how little that money is). To be honest, if the current shit show in the USA continues to go for broke (give how truly screwed up the election will be) other countries may end up developing a supply chain to isolate the USA instead (just because the west is saying doesn’t me it won’t happen especially away from prying eyes)Posted before.
Does posting it twice make it more "disastrous"?
I'm sorry. I seem too negative at times. I simply strongly think China should put more effort into seeking better relations with the West and understanding perceptions of it abroad. I don't understand why it has to pick one fight after another all the time. Yes, China is a big country but it's just one country. 84% of the world population is outside China and that share will only grow as China's birthrate plummets. Having good relations with other countries in this globalized world is important, and as Xi Jinping said, the trend of globalization can't be reversed. Politics is at the root of all this. It's a too way street. Just as the world should better understand China, China should better understand the world.