Chinese Economics Thread
- Thread starter Norfolk
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Hi TAM
Had been following Carl Zha twit and I was fascinated by a video which John Mearsheimer stated that Australia must prioritized security over economics. quoting in front of an Aussie audience "If you choose China, the US will show you how nasty they can be" .....LOL, Australia prepare for a regime change.
That is the reason why SCO MO is so dammed persistent in his Anti-China rhetoric.... heheheThe low inflation might have to do with low gas prices?
What’s beef’s weight in the American CPI? I shop at a local Aldi’s and I’ve only noticed a sharp rise in the prices of beef.
My guess is the American inflation rate is low only because gas has a high weight and foodstuff has a low weight.
Hi TAM
Had been following Carl Zha twit and I was fascinated by a video which John Mearsheimer stated that Australia must prioritized security over economics. quoting in front of an Aussie audience "If you choose China, the US will show you how nasty they can be" .....LOL, Australia prepare for a regime change.
Coal and iron ore is very important for Australia's exports. Like big importance. China has been the biggest factor for the rise of prices of iron ore and with it, a bedrock of Australian prosperity.
Read the PDF to get how big this business is for Australia.
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Up to now, these areas are hands off. Not anymore.
They are averaging between inflation and deflation as it is happening simultaneously.
There is an inflation on prices for things people need. I might say, a big inflation, things like food prices.
There is a deflation on prices for things people don't need or need less, like say, gasoline, plane ticket prices or hotel room rates.
This is a double whammy on any economy.
Could this lead to an increase in imports from China? After all, China's economy of scale and infrastructure allows it to produce goods at lower prices than most other countries. If there's large inflation, along with high levels of unemployment, people may not be able to afford non-Chinese alternatives.
Guys. This is the Chinese economic thread. We've the American economic thread. I suggest we use that to discuss the US inflation rate otherwise the mods are not going to be pleased.
Hendrik_2000
Lieutenant General
Good Op/ED from GT showing their confidence overcoming difficulties
In recent years, most of Washington's eye-catching policies have certain "anti-China" elements. As a result, every effort of China has helped the country grow. However, the US has been harming others without benefitting itself.
China has been through a tough time, in which the US has created trouble. But by solving those problems, China has gained energy for development. As we look back, it was not bad to have the US as a training partner that helped China get stronger.
The past years, especially the first nine months this year, have been the most distinct period in which Chinese society repeatedly addressed confusions and enhanced national confidence. Chinese people have become more broad-minded and can withstand more difficulties. As the American myths have been replaced with objective knowledge, there is nothing that can awe or deceive Chinese people. We have shown how strong we are in not only this crisis of COVID-19. We performed well also in the 2008 financial crisis and the 1997 Asian financial crisis. These are not isolated cases - they convey the advantages of China's system.
In the fourth quarter, various indicators in China will look better against the rest of the world. Nonetheless, Chinese people won't be arrogant, as Chinese society is more used to comparing what it achieves with the most ideal outcome possible, in order to find its shortcomings. We are aware the gap of development between China and the US and Europe. We hope all countries can respect each other and focus on cooperation rather than on provoking confrontations.
In recent years, most of Washington's eye-catching policies have certain "anti-China" elements. As a result, every effort of China has helped the country grow. However, the US has been harming others without benefitting itself.
China has been through a tough time, in which the US has created trouble. But by solving those problems, China has gained energy for development. As we look back, it was not bad to have the US as a training partner that helped China get stronger.
The past years, especially the first nine months this year, have been the most distinct period in which Chinese society repeatedly addressed confusions and enhanced national confidence. Chinese people have become more broad-minded and can withstand more difficulties. As the American myths have been replaced with objective knowledge, there is nothing that can awe or deceive Chinese people. We have shown how strong we are in not only this crisis of COVID-19. We performed well also in the 2008 financial crisis and the 1997 Asian financial crisis. These are not isolated cases - they convey the advantages of China's system.
In the fourth quarter, various indicators in China will look better against the rest of the world. Nonetheless, Chinese people won't be arrogant, as Chinese society is more used to comparing what it achieves with the most ideal outcome possible, in order to find its shortcomings. We are aware the gap of development between China and the US and Europe. We hope all countries can respect each other and focus on cooperation rather than on provoking confrontations.
This is chinese economy thread, the other economic thread i found was American,so this is off -topic. But considering Chinese economy gets compared with other economies here,posting it here. Feel free to delete if not suited here
It seems upcoming "huge market" shupah pawah isn't doing that good. May be it's time for China to build their factories elsewhere?
It seems upcoming "huge market" shupah pawah isn't doing that good. May be it's time for China to build their factories elsewhere?