Chinese Economics Thread

[emblem21]

Hi emblem21,

Whose your alternative market if SCOMO do implement it's plan? Where are the opposition? I think the media had played a role in which every politician is scare to look soft on China, there is no constructive policy.

In all honestly, there is no alternative market, they are just assuming that China isn't willing to take that chance and are in complete denial that China isn't going to stop kicking there ass all over the place. The media is doing a good job of blaming China for everything while trying to play up the China is bad but Australia is good angle but it also blinds Australia to what kind of a threat that China truly is and also the options that China has available to deal with Australia. Hence the moment that there is no one there to help Australia (Japan and India are too weak to do anything right now and the USA is about to have its own crisis and would simply sell out Australia at the first chance they get), Australia as a nation is a sitting duck and no neighboring nation gives a damn about Australia. If Australia dares to attempt to send its troops to Taiwan, it is a guaranteed massacre that would help to make up for all the people that have been killed over seas by Aussie troops and we know that Australia doesn't have the balls to really start a fight. The opposition to all this will come once the unemployment rate goes up high enough that Scott Morrison won't be able to use the China card to solve his issues. It takes a long time for Australia to get hurt by something but once they do get a real hit, they will fold quite quickly

 

[NiuBiDaRen]

In all honestly, there is no alternative market, they are just assuming that China isn't willing to take that chance and are in complete denial that China isn't going to stop kicking there ass all over the place. The media is doing a good job of blaming China for everything while trying to play up the China is bad but Australia is good angle but it also blinds Australia to what kind of a threat that China truly is and also the options that China has available to deal with Australia. Hence the moment that there is no one there to help Australia (Japan and India are too weak to do anything right now and the USA is about to have its own crisis and would simply sell out Australia at the first chance they get), Australia as a nation is a sitting duck and no neighboring nation gives a damn about Australia. If Australia dares to attempt to send its troops to Taiwan, it is a guaranteed massacre that would help to make up for all the people that have been killed over seas by Aussie troops and we know that Australia doesn't have the balls to really start a fight. The opposition to all this will come once the unemployment rate goes up high enough that Scott Morrison won't be able to use the China card to solve his issues. It takes a long time for Australia to get hurt by something but once they do get a real hit, they will fold quite quickly

I do believe Guinea is being invested in as it has a huge amount of iron ore, but I think it's still in the setting up stage. Anyone knows more about that? I know China's investing in Guinea as a source of iron ore.

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Development of the Simandou blocks in Guinea will not only increase the country’s iron ore exports but will also prompt Chinese importers to shift some iron ore imports away from Australia to Guinea, which will add to dry bulk shipping demand. This, in turn, would lead to additional demand for dry bulk shipping.

In Case A, iron ore trade of 120 million tonnes from Guinea-China in 2026 will require about 165 Capesizes with another 140 Capesizes required by 2030 if exports rise to 220 million tonnes. In Case B, where iron ore trade from Australia-China registers a decline with the growth in exports from Guinea, net demand for Capesizes would still expand by 103 vessels in 2026 and further by 92 vessels by 2030.

I used to think commodity traders had a boring job. But it does sound interesting now that I think about it.

I searched iron ore reserves by country and Guinea simply isn't listed, even though it clearly has large reserves of iron ore.

 

[emblem21]

I do believe Guinea is being invested in as it has a huge amount of iron ore, but I think it's still in the setting up stage. Anyone knows more about that? I know China's investing in Guinea as a source of iron ore.

China has Russia and Africa and basically the whole world in regards to iron ore, they have the options there. This issue is only being brought but because Australia rapidly running out of options and they if this doesn't work (Well come on, what options does Australia have as USA's bitch really) then this is just China working its way up on the ladder on who is going to get there's. If Biden fails to fix all the issues that the USA has within the year of his election (record high unemployment, pandemic, nation divide and future food shortages), consider the rest of the 5 eyes done and dusted since they are all in the same boat of economies in deep shit right now.

 

[bajingan]

Hi emblem21,

Whose your alternative market if SCOMO do implement it's plan? Where are the opposition? I think the media had played a role in which every politician is scare to look soft on China, there is no constructive policy.

I think the decision to restrict iron ore sales to China will be made by the americans, australia doesn't even have a say on this matter, such is the degree of vassalage the us has on australia and they have no option but to follow their every word to the letter even if it means their own economic suicide

 

[hashtagpls]

I think the decision to restrict iron ore sales to China will be made by the americans, australia doesn't even have a say on this matter, such is the degree of vassalage the us has on australia and they have no option but to follow their every word to the letter even if it means their own economic suicide

Perhaps the strategy is to put Australia under enough pressure that the billionaire bourgeoisie, fearful over being made mere millionaires or paupers, will expel the securocrats currently in control of australian foreign policy. In a way, the investigation into the SAS can be seen as the political class looking to get one over the military-industrial-intelligence outfits which are mere US cutouts.

 

[emblem21]

I think the decision to restrict iron ore sales to China will be made by the americans, australia doesn't even have a say on this matter, such is the degree of vassalage the us has on australia and they have no option but to follow their every word to the letter even if it means their own economic suicide

Shrug, none of this really helps the USA in the long term as they are clearly trying to get China to throw the first punch. The only problem with this is that, one China doesn't throw punches to start with but throws a missile once the opponent starts the fight and the next problem is that none of these actions have actually helped there economies at all or even made there current situation better. I think they are completely incapable of understanding that the time of the west is over with the way current things are going and how they are completely at a stand still, all they need now is the fall of the dollar, the USA to descend into civil chaos (with the second shut down incoming), and the you see the other 4 eyes desperately shutting those eyes and trying to leave the sinking ship as fast as possible.

Perhaps the strategy is to put Australia under enough pressure that the billionaire bourgeoisie, fearful over being made mere millionaires or paupers, will expel the securocrats currently in control of australian foreign policy. In a way, the investigation into the SAS can be seen as the political class looking to get one over the military-industrial-intelligence outfits which are mere US cutouts.

I believe that global elite are just waiting for the best opportunity to lay waste to the west since they the greatest obstacles in regards to greater profits and broader horizons. Not to mention the elite in Australia can easily see the value in trade with China and the USA is currently getting in the way of that of not trying to destroy that. If you look at how the stock market and current economic situations in the west is deteriorating at a rapid pace and also how the dollar is under massive attack right now with all the money printing, all they are waiting for is for an event to go off in the USA to basically crush the dollar and end the USA hegemony so that they don't have to keep on seeping there ill gotten wealth to pay for the USA's social welfare and basically letting the USA politics get in there way. Also to note is why on earth is the situation in the USA so unstable right now compared to China. I believe something is going to happen that could shake the world and it will not be to the advantage of the west. Also note that I don't really like the global elite much but I regard them compared to the USA as the lesser of two evils right now

 

[B.I.B.]

China must have already long planned for this situation. But I guess we must wait and see just how bad Scott Morrison is willing to send Australia's economy down to until he gets rendered expendable. China has back up plans, Australia doesn't and once the are in a bad situation, they always try to get the USA to help but I get the feeling that this time, Scott Morrison, like Trump is committing political suicide and soon enough, should the corporations decide that they have harmed there profits enough, a real one. Once the USA gets sent in a depression (they can't print money forever), Australia will desperately try to reconnect to China, even getting rid of the elements that cause the problem in the first place and replaced with someone else stupid, when the government faced with enough unemployed that will riot from the lack of jobs thanks to Morrison. China's long term goals for Australia is happening (given that Victoria is still signed up with the belt and road) and it is going to take the global reset (right now all currencies are going down) and the stripping for the US world reserve currency status to show the world what China can do. Also note that Biden can ill afford a fight with China when there economy is in the dumps and heck he will sell china the steel they need thus Australia cucks itself again like an idiot for basically giving other countries more of a chance to sell. Come on, don't think that this iron ore threat means anything since there are lots of sellers right now and China has stockpiles but does Scott Morrison want to be the man to send Australia into a depression. Scott Morrison is a dead man walking at this point for causing this kind of trouble and if China's currency goes up in value, they might even buy up Australia and then basically dictate the terms upfront.
So no, this iron ore threat is like the whole HK thing, giving China what they want, basically killing themselves without shooting a bullet

They have already put roadblocks in place to stop China from buying what they consider crucial interests.

 

[emblem21]

They have already put roadblocks in place to stop China from buying what they consider crucial interests.

Yeah, that I know, but given the current situation I honestly wonder, does Australia have much of a hope in the future if there leadership is like Taiwan, without vision and without common sense anything can happen

 

[B.I.B.]

Shrug, none of this really helps the USA in the long term as they are clearly trying to get China to throw the first punch. The only problem with this is that, one China doesn't throw punches to start with but throws a missile once the opponent starts the fight and the next problem is that none of these actions have actually helped there economies at all or even made there current situation better. I think they are completely incapable of understanding that the time of the west is over with the way current things are going and how they are completely at a stand still, all they need now is the fall of the dollar, the USA to descend into civil chaos (with the second shut down incoming), and the you see the other 4 eyes desperately shutting those eyes and trying to leave the sinking ship as fast as possible.

I believe that global elite are just waiting for the best opportunity to lay waste to the west since they the greatest obstacles in regards to greater profits and broader horizons. Not to mention the elite in Australia can easily see the value in trade with China and the USA is currently getting in the way of that of not trying to destroy that. If you look at how the stock market and current economic situations in the west is deteriorating at a rapid pace and also how the dollar is under massive attack right now with all the money printing, all they are waiting for is for an event to go off in the USA to basically crush the dollar and end the USA hegemony so that they don't have to keep on seeping there ill gotten wealth to pay for the USA's social welfare and basically letting the USA politics get in there way. Also to note is why on earth is the situation in the USA so unstable right now compared to China. I believe something is going to happen that could shake the world and it will not be to the advantage of the west. Also note that I don't really like the global elite much but I regard them compared to the USA as the lesser of two evils right now

I don't see the remaining 5eyes members leaving and my Aussie shares have regained or surpassed pre covid level.

 

[emblem21]

I don't see the remaining 5eyes members leaving and my Aussie shares have regained or surpassed pre covid level.

Oh not now of course not, in the future anything is possible. Then again nothing is certain, except for the fact that the world in in for a hard time