Chinese Economics Thread

gelgoog

Brigadier
Registered Member
I had already said it before, Mongolia has a lot of potential because mining was banned there for centuries. Not just for coal.
It is great to see an article showing that it is happening already. Even if there are issues currently with lack of rail transport capacity, the mere fact Mongolia is so close to Manchuria means building the required lines wouldn't be particularly hard.
Mongolia is stable. It isn't Afghanistan. So these kinds of infrastructure projects are doable.
Given that Mongolia is landlocked and would be exporting raw minerals the only viable markets for them to do bulk sales would be Russia and China. Of the two China is the one which has its industries the closest and would benefit the most from the minerals.

Another possibility is North Korea. They have mines with anthracite coal, which is the highest quality coal there is. Also close to Manchuria.
 

Tam

Brigadier
Registered Member
I had already said it before, Mongolia has a lot of potential because mining was banned there for centuries. Not just for coal.
It is great to see an article showing that it is happening already. Even if there are issues currently with lack of rail transport capacity, the mere fact Mongolia is so close to Manchuria means building the required lines wouldn't be particularly hard.
Mongolia is stable. It isn't Afghanistan. So these kinds of infrastructure projects are doable.
Given that Mongolia is landlocked and would be exporting raw minerals the only viable markets for them to do bulk sales would be Russia and China. Of the two China is the one which has its industries the closest and would benefit the most from the minerals.

Another possibility is North Korea. They have mines with anthracite coal, which is the highest quality coal there is. Also close to Manchuria.

There is probably plenty of coal along the BRI and with Russia. What this does is wealth transfer from Australia to the BRI and the BRIC, and better benefit to the poorer countries.
 

localizer

Colonel
Registered Member
Please, Log in or Register to view URLs content!

China's grain output has exceeded 650 billion kilograms for six consecutive years, and the self-sufficiency rate of rice and wheat has been kept above 100 percent, and that of corn surpassed 95 percent, said Liu.

China's production of meat, eggs, milk, fruits, vegetables and tea, has met the people's growing consumption demands, Liu added.
 

Tam

Brigadier
Registered Member
China-US soybean trade is back, as the Brazilian soybean market has been oversold. In fact Brazil is trying to import some soybeans.

This also has to be seen in the backdrop of a few things:

China is reducing its US Treasury holdings and buying US assets. Instead it takes these US dollars to buy US farm goods instead. Bad for US debt and the Fed but good for US farmers. Not necessarily good for US consumers, as it might help to spike US food prices especially with meat.

The second is that China might be stockpiling strategic resources, increasing buffers on goods, in case of disruption, e.g. war, societal collapse in the US, pandemic and so on.

The third is that China's economy is in rebound, and so is its immense food appetite. There has been some food inflation that are self inflicted with China's own tariffs on US food imports, and its time to unwind that.

Please, Log in or Register to view URLs content!
 

Tam

Brigadier
Registered Member
China's relationship with Australia is souring, but not COSCO's shipping business with Australia. Studying logistics allows you to study what's really happening with economies that hysterical and partisan mass media isn't telling you. Sorry this one requires subscription but what's trying to say is obvious.

Please, Log in or Register to view URLs content!
 

localizer

Colonel
Registered Member
China's relationship with Australia is souring, but not COSCO's shipping business with Australia. Studying logistics allows you to study what's really happening with economies that hysterical and partisan mass media isn't telling you. Sorry this one requires subscription but what's trying to say is obvious.

Please, Log in or Register to view URLs content!


It’s important that China spends its dollars on tangible goods like soybeans, resources, etc before it devalues further.
 

AssassinsMace

Lieutenant General
Anybody know if Single's Day is still going on as planned in China? I'm reading the Western spin of China's economic recovery from COVID-19 claiming consumer spending is still lagging so "it's not a full recovery". Who's buying cars that are breaking record sales then? In the US car sales are a high indicator on consumer spending since it's not a necessity because if money was tight, they wouldn't be spending it on cars.
 

horse

Major
Registered Member
Anybody know if Single's Day is still going on as planned in China? I'm reading the Western spin of China's economic recovery from COVID-19 claiming consumer spending is still lagging so "it's not a full recovery". Who's buying cars that are breaking record sales then? In the US car sales are a high indicator on consumer spending since it's not a necessity because if money was tight, they wouldn't be spending it on cars.

The generation of the Great Depression, never got over it. For their entire lives. They survived the Great Depression, and spent their rest of their lives living frugally. That generation always feared another traumatic economic downturn.

Consumer spending will not come back to full strength anywhere soon in the world. The pandemic is a shock to the consumer, they are forced to play it safe.
 

Tam

Brigadier
Registered Member
Anybody know if Single's Day is still going on as planned in China? I'm reading the Western spin of China's economic recovery from COVID-19 claiming consumer spending is still lagging so "it's not a full recovery". Who's buying cars that are breaking record sales then? In the US car sales are a high indicator on consumer spending since it's not a necessity because if money was tight, they wouldn't be spending it on cars.


Will likely go through. They are going to strike when the coals are still hot. They want to boost local consumer consumption, and this is one way to do that.

Have you heard about Ant's IPO? $34 billion, making it the world's biggest.

Please, Log in or Register to view URLs content!
 

hashtagpls

Senior Member
Registered Member
Will likely go through. They are going to strike when the coals are still hot. They want to boost local consumer consumption, and this is one way to do that.

Have you heard about Ant's IPO? $34 billion, making it the world's biggest.

Please, Log in or Register to view URLs content!
No wonder the US leadership wanted to sanction Ant Group; China is going to eclipse the US for money markets and IPOs; why go to New York when you can guarantee a larger listing in Shanghai and/or HK?
 
Top