Chinese Economics Thread

[Gatekeeper]

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Should China respond robustly, seek to make concessions or just wait to see if its an empty threat?

I take it you didn't see my post that as of this year China is EU's largest trading partner for the first time ever.

Also, you do know Germany has got a large exposure in China. All their car markers have their largest market in China. All bravado and no trousers just like Trump.

Justin case you missed it or have selective eyesight.

 

[gelgoog]

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...
Should China respond robustly, seek to make concessions or just wait to see if its an empty threat?

Merkel is an idiot. The Chinese can buy ports, power plants, open banks, etc in the EU, while EU corporations can't do that in China, and her problem is with Chinese 5G equipment in the EU? Seriously?

China should just let the Russians build the Altai pipeline like they want to so Russia will send the natural gas from Yamal straight into China instead of into Europe via Nord Stream I/II. Let the EU buy "freedom gas" instead at double or triple the price. That would be nice blowback.

 

[horse]

Merkel is an idiot. The Chinese can buy ports, power plants, open banks, etc in the EU, while EU corporations can't do that in China, and her problem is with Chinese 5G equipment in the EU? Seriously?

China should just let the Russians build the Altai pipeline like they want to so Russia will send the natural gas from Yamal straight into China instead of into Europe via Nord Stream I/II. Let the EU buy "freedom gas" instead at double or triple the price. That would be nice blowback.

I like Merkel, she had done a pretty good job, but lately, you do have a point.

Take for instance, the zero interests rates policies of the Germans and EU.

It is the zombie company in China, the state own firm propped up by the state owned bank, wasting resources and unable to save itself by being competitive. The zombie wastes away without making a contribution to the society or economy only sucks up valuable resources that could have been put to better use.

I finally understood why zero rates are so bad, because it perpetuates zombie companies in the west with free credit.

A economy full of zombie companies is a zombie economy. Low growth, lack of innovation, too much debt which could be rather deflationary, too busy with survival than seeking to be more competitive. Then the future exactly like the past because the zombies rule.

That is Germany and the EU today. TikTok did not come out from the EU, and before that, neither did 4G or Amazon Google Facebook and the similar companies.

Europe has pockets of excellence, but they have a zombie economy and the zombie rules because of Merkel. How the handled the Greece financial difficulties a few years ago, that really was a picture of the future.

Merkel is an idiot.

It is hard to disagree when we consider European zombie companies.

 

[Gatekeeper]

Germany cannot unilaterally open up its market to China - that decision is taken at the supranational (EU) level.

So which is it. You really can't have it both ways. On the one hand is a EU decision, which means the spokesman should be the EU trade Minster or even the EU president.

So if Merkel can't speak for the EU.ehat is she doing speaking here? And more to the point, what's the point of reporting and posting it here?

Of course, we know Merkel has tremendous influence on the EU, which means what she says carries weights. Which is what I believe.

But you're trying to have your cakes and eat it.

 

[emblem21]

Sh

So which is it. You really can't have it both ways. On the one hand is a EU decision, which means the spokesman should be the EU trade Minster or even the EU president.

So if Merkel can't speak for the EU.ehat is she doing speaking here? And more to the point, what's the point of reporting and posting it here?

Of course, we know Merkel has tremendous influence on the EU, which means what she says carries weights. Which is what I believe.

But you're trying to have your cakes and eat it.

She also has to be careful as well since given the western performance against covid right now, if things in Europe and America continue to deteriorate, with regards to the economy and the covid, the is a possibility that the European Union May not stay as United as before. Really those places have a huge stake in tourism and hence it is on the leaders of these nation to fix there own problems. Thus far, they are not doing a good job and the more they listen to the USA, the more there problems get worse. They along with the USA have the most to lost if the economic collapse gets any worse so hence trying to a push China to following there whims isn’t going to help in the long run since none of them are willing to consider the flaws of there systems and try to amend them, thus the problems they have will simply get worse until they hit rock bottom.
To be honest the situation will not improve until the USA is crippled economically and power wise so that the world they make there own decisions without any input from the USA since anything the USA does nowadays always leads to pain and suffering.

 

[Hadoren]

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Should China respond robustly, seek to make concessions or just wait to see if its an empty threat?

Okay, so I'm going to bite because this poster got his desired response.

The vast majority of the SCMP's EU-China articles are written by a journalist called Stuart Lau.

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shows extreme anti-China views. He's basically a grown-up Hong Kong protestor who ended up in charge of the SCMP's EU-China reporting.

Never trust a Stuart Lau EU article. He's about as reliable as Minnie Chan.

In every single EU-China conference, Stuart always shows up and asks an extremely anti-China question. At 22:34 he basically condemns Merkel for not attacking China. Then Merkel actually gives a pro-China response. This moment certainly didn't make it into Stuart's article:

(By the way, I've noticed nobody in Europe seems to care about this stuff. The videos have no views; the actual European journalists aren't engaged. One German reporter here decides to take the opportunity to ask Merkel about migrants. Honestly I think Ursula von der Leyen and Charles Michel are delighted that these EU-China conferences give them the opportunity to be relevant.

I think this shows the general European attitude towards China - a distant and far-off country which they somewhat dislike but don't really care about. Of course they'll prefer a European company over a Chinese one wrt 5G. It's naive to expect otherwise.)

 

[B.I.B.]

I take it you didn't see my post that as of this year China is EU's largest trading partner for the first time ever.

Also, you do know Germany has got a large exposure in China. All their car markers have their largest market in China. All bravado and no trousers just like Trump.

Justin case you missed it or have selective eyesight.

View attachment 64247

What are the possibilities of China exceeding the US as the EU's main trading partner on a continual basis and EU US trade returning to the pre COVID levels?

 

[AssassinsMace]

The countries with the least resources of their own don't have a lot of choices. The rise of China has ruined the Western monopoly over the world economy. That means they don't have the kind of leverage they use to. Europe has few of the resources of their own that are required to maintain an industrial based economy so they have to get them from somewhere else. The West thinks it can go back to the time where they think they have that kind of power again but the world isn't going with them. While the West ignored most of the world, the rise of China has given them economic attention. So do you think they want to go back to a world when they were ignored? Even Europeans want to sell to China in order to maintain their economic standard of living. The 2008 Western Financial Crisis exposed how Europe was living beyond its means. If they're not making the money, they have to borrow it. Citizens of countries most affected didn't want to give up their social programs hence why there were riots on the streets. So where are they going to get the money to pay for it? The West is in competition with China right now for those very resources they need to maintain their economies which means prices go up. Then they want to sell those products made from those resources to China. Go ahead and live in a fantasy where the world would choose them over China. They want to believe the countries with those resources the West needs want to sell only to them for cheap or give them for free to the West like before China became a player. I remember over a decade ago Western countries were complaining that China was over-paying for raw materials from other countries distorting the market making them more costly for them to buy. And they think those countries would rather sell to them for cheap...? The price only rises because China will pay them when the West will not. It's absurd to believe countries would rather sell to them and make less money. The only way they can stop China and the world from doing business with one another so they can hold a monopoly over the world again like they use to is to go to war and violate people's human rights and repeat history of how they came to power. Why they can't go back to the past when they were in control? Because they think they're lives are more valuable than everyone else's even more than ever. Which also means they're more scared of losing it. They, even with Trump in office, didn't take on North Korea because they were too scared of the consequences.

 

[bajingan]

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Now even the most loyal and rabid us dog australia even admit that the us starting to resemble a third world country, let me quote from the article

"The US, once the global benchmark of modernity and progress, has descended to the point where a senior Australian federal government official told me that it was a mistake to study the US election in the same framework as an Australian election: "Look at the US as if you are looking at a Third World country with deepening social and economic inequality overlaid by diminishing trust in institutions, and where the institutions are increasingly politicised."

Even the most loyal of american allies are starting to realize that they are truly in a sinking ship, the question is when will they finally muster enough courage to be jumping ship?

 

[Petrolicious88]

The longer version:

Damn. Somebody give this guy the mic!!