Chinese Economics Thread

supersnoop

Major
Registered Member
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Interesting that US Regulators are looking into something as silly as TikTok.
It is understandable though because the obvious fear is a social media platform controlled by a foreign entity.
Media is the best way to push forth an agenda, media is the massage (pun intended, it's a book title)
 

Franklin

Captain
The anti-China policy actually began with the Obama presidency , hence the pivotal to Asia, politically and military . You are right, Trump is a better option for China.
Its the Thucydides Trap. The established power fearing the rising power leading to hostility and conflict. Nothing new here it has been happening throughout history. Its human nature itself when you feel that your power, wealth and prestige is being threatened you will respond. In the past these things tend to lead to war now we will have to wait and see.
 

Franklin

Captain
Honestly speaking I believe this will a blessing in disguise in the long run for PRC.



Basically it was this easy money that Chinese corporation and local governments alike taking it like heroin that led to the present chain of defaults.
Now by weening corporations for this drug will lead to a healthier more stable economy.
Agreed, government guarantee is the worst thing out there. You have to let them fail to teach them a lesson. Capitalism without bankruptcy is like religion without sin. Now if only China would to stop give the Made in China 2025 programs subsidies and let the strongest survive.
 
Yesterday at 8:30 PM
Yesterday at 6:34 PM
and here's kind of cautionary Glob. Times story of China, US shouldn’t rush phase one deal
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now
Trade war: China’s refusal to lift grain quotas make Trump’s phase one import demands ‘more difficult’
  • China will not raise its quotas for the import of grains, according to vice agriculture and rural affairs minister Han Jun, raising the prospect of a stand-off with the US
  • Analysts suggest that while corn, rice and wheat were only likely to make up a small part of farm good purchases, the refusal to budge makes it more challenging
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didn't know the rice quote
 
Tesla’s efficiency underlines China’s appeal for foreign firms
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made me wonder about "the government's support" for Mr. Musk; on top of my google search is

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Dec 23, 2019 - The Shanghai government has also thrown its support behind the Tesla project, which would be China's first wholly foreign-owned car plant ...


followed by
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Dec 6, 2019 - Tesla cars built in China have been recommended for government subsidies, ... The Chinese city of Shanghai is home to Tesla's Gigafactory 3, ...
 

SamuraiBlue

Captain
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Interesting that US Regulators are looking into something as silly as TikTok.
It is understandable though because the obvious fear is a social media platform controlled by a foreign entity.
Media is the best way to push forth an agenda, media is the massage (pun intended, it's a book title)
It's not influence they are worried about it's the possible GEO-locators that maybe embedded that can be turned on and off that the military is worried about.
The same with PRC not trusting Google, since it can easily be synced with google map.
 

vincent

Grumpy Old Man
Staff member
Moderator - World Affairs
It's not influence they are worried about it's the possible GEO-locators that maybe embedded that can be turned on and off that the military is worried about.
The same with PRC not trusting Google, since it can easily be synced with google map.

American apps leak location just fine

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Yesterday at 9:58 PM
Tesla’s efficiency underlines China’s appeal for foreign firms
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made me wonder about "the government's support" for Mr. Musk; on top of my google search is

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Dec 23, 2019 - The Shanghai government has also thrown its support behind the Tesla project, which would be China's first wholly foreign-owned car plant ...


followed by
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Dec 6, 2019 - Tesla cars built in China have been recommended for government subsidies, ... The Chinese city of Shanghai is home to Tesla's Gigafactory 3, ...
told in one picture (
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):
138685325_15783954721601n.jpg

Tesla CEO Elon Musk gestures at a delivery ceremony for Tesla China-made Model 3 in Shanghai, east China, Jan. 7, 2020. U.S. electric carmaker Tesla officially launched its China-made Model Y program in its Shanghai gigafactory Tuesday, one year after the company broke ground on its first overseas plant. The first batch of China-produced Model 3 sedans was also delivered to its non-employee customers at an opening ceremony for the program. (Xinhua/Ding Ting)
 

supersnoop

Major
Registered Member
It's not influence they are worried about it's the possible GEO-locators that maybe embedded that can be turned on and off that the military is worried about.
The same with PRC not trusting Google, since it can easily be synced with google map.

I understand with the Armed Forces banning TikTok if they feel national security is at risk.

However, this is NOT what the article is talking about.

What the US Government Committee on Foreign Investment (CFIUS) is threatening is forcing divesture, this already happened with Grindr (gay dating app)

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the company to sell off the service no later than June 2020 because it could give foreigners access to sensitive data.

Government forcing a company to sell part of a company just because the ownership is foreign is ridiculous. There is a certain twisted logic behind the Grindr forced sale, clearly the US government is afraid of Chinese spies getting their hands on highly-placed "closeted" individuals (tolerance is lip service), but forcing property sale just because of success is absurd.

Reminds me of Canadian history when Canadian government seized Japanese-Canadian property.
 
one year ago,
Jan 10, 2019
now noticed the tweet
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China's consumer price index (CPI) rose 2.1% YoY in 2018, up from 1.6% in 2017; the producer price index (PPI), which measures factory gate pricing, rose 3.5% YoY, the National Bureau of Statistics said Thursday.

DwhDYPkVYAAenk8.jpg
while now
China's CPI up 2.9 pct in 2019
Xinhua| 2020-01-09 10:50:42
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China's consumer price index (CPI), a main gauge of inflation, rose 2.9 percent year on year in 2019, within government target of 3 percent, official data showed Thursday.

The growth picked up from 2.8 percent in the first 11 months, and was above the 2.1-percent annual increase in 2018, according to the National Bureau of Statistics.

In December, the CPI climbed 4.5 percent year on year, unchanged from that in November.

The hike was mainly driven by food prices, which soared 17.4 percent year on year last month, contributing 3.43 percentage points to the increase in December.

As government measures at national and local levels to restore hog production started to take effect, the soaring trend of pork prices affected by the African swine fever and cyclical factors has softened in the past month.

Pork prices surged 97 percent year on year in December, slowing from the 110.2-percent growth seen in November. Prices of other kinds of protein including beef, mutton and poultry saw slower growth last month.

Non-food prices gained 1.3 percent last month, faster than the 1-percent growth in November, the bureau said.

The CPI in urban and rural areas posted a year-on-year growth of 4.2 percent and 5.3 percent, respectively.

The core CPI, which excludes food and energy prices, ticked up 1.4 percent year on year in December, flat with that in November.

Thursday's data also showed that China's producer price index, which measures costs for goods at the factory gate, dropped 0.3 percent year on year in 2019.
 
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