Chinese Economics Thread

Petrolicious88

Senior Member
Registered Member
Why allow them to have the chance of thriving when no Chinese company will have a chance of thriving in America? A line has to be drawn. What better way than by slapping spying accusations against Tesla and force selling it on national security grounds?

Why allow Tesla to thrive in China? Because it helps the Chinese EV industry. By allowing an apex predator like Tesla in, it forces Chinese companies like NIO to up their game and compete. It forces Chinese battery makers to stay on the cutting edge.

Similar things happened when iPhone was introduced to the Chinese market. Now iPhone accounts for less than 10% of smart phone sales in China.
 

Tyler

Captain
Registered Member
What matters to Chinese most in terms of consumption:

Ranks from my point of view:
Education
Healthcare
Good food
Transportation
Leisure


Average Chinese really don't spend that much on luxury/leisure products due to our recent frugal past.
All these types of local consumption will boost nominal gdp in this
What China is about to overtake U.S. in is retail sales of consumer goods. Using the Chinese definition, services other than the food service industry are not included. For example, apartment rents, healthcare spending, education spending, spending on film tickets, games, train tickets, airfare and so on, none of them are included.
China should include those types of consumption in the gdp, and overtake the adversary for good.
 

Orthan

Senior Member
CNOOC shares are now down 12%. That's really bad. Apparently the more investors are learning about this ban, the worse it appears it will hurt the company.

AFAIK, the only way that this entity list will do to harm CNOOC will be to bar the company from US equipment suppliers, and forcing the company to sell the US assets that they have. I find it hard to believe that the US has a monopoly in the oil industry tech. The company will be hit, but not that much in the long run.

Of course, this also reinforces the message that for china, US suppliers/technology/assets arent reliable. There will be a cost to the US, too.
 

AndrewS

Brigadier
Registered Member
AFAIK, the only way that this entity list will do to harm CNOOC will be to bar the company from US equipment suppliers, and forcing the company to sell the US assets that they have. I find it hard to believe that the US has a monopoly in the oil industry tech. The company will be hit, but not that much in the long run.

Of course, this also reinforces the message that for china, US suppliers/technology/assets arent reliable. There will be a cost to the US, too.

Not just China.

European and Asian companies will also be removing US content so they can continue to do business with China.
 

LawLeadsToPeace

Senior Member
Staff member
Moderator - World Affairs
Registered Member
Hi Crang,

This one is big and coinciding with RCEP, it will integrate China with the whole pacific region. As the report indicated, the role of the dollar will be reduce as well the cost in payment transaction, overall boosting trade , it's a win win and China showing magnanimity to its trading partners by giving them a choice instead of a demand.
China no longer depends on other countries for money while other countries have no choice but to concede to China. Do you really think the South Koreans, Vietnamese, Japanese, and other RCEP people love the Chinese for their generosity? No, they don't. That mentality will take decades to fix. However, they are realistic since they realized that they will quickly enter a financial crisis that will damage their economies to the point of no return if they go stupid and fight against China. Australia is the first idiot to do so. In short, this is nothing about China showing its magnanimity to other countries. This is just a natural turn of events and what happens when a country's economy (in this case, China) becomes the top dog of the world.
 

AssassinsMace

Lieutenant General
Please, Log in or Register to view URLs content!


And it'll cost them more... To suggest that the West isn't in China simply because that's where they'll get the cheapest cost for outsourcing to make what they're selling is an absolute joke. Businesses aren't about humanitarianism. And let's not forget how they won't be making money from selling to China in response unless they're arrogant enough to believe China is still suppose to buy from them normally or even more now as a punishment. You think they can pass up making money for themselves. Look at Australia thinking they can insult China and still expect China to buy their products. And when China isn't collapsing like they think would happen, they'll get more angry because China made them be wrong and then they'll go to the next step. All because like the article pointed out... China didn't congratulate Biden fast enough...
 

AssassinsMace

Lieutenant General
Please, Log in or Register to view URLs content!

What did I tell you? The West thinks it can form an alliance against China when they'll backstab their own allies just to make money from China. Like I said, the only way they can accomplish it is to pay the country losing China as their customer for their losses. Even then they'll have allies selling to China behind their backs especially those in Asia. Being greedy isn't the worst part. It's expecting everyone else not to be greedy while you are. It's like Australia whining about China pointing the finger at human rights violations at them. The problem is Australia along with their allies have bombed countries in the name of human rights. China doesn't attack countries for human rights violations. That's worse where they attack countries in name of human rights while they commit human rights violations of their own at the same time.
 

ansy1968

Brigadier
Registered Member
Hi mace,

Retaliating for retaliation sake is never been a good strategy (I'm pertaining to the US) and thank god Xi is confident enough not to do that. Instead he follow the strategy of our ancestor, CO OPTING our enemy, instead of spending huge amount of money for PR purpose which we sucks big time. Why not invite them to do business which is our forte. It benefit both side and the interaction is good in promoting our image and understanding, As I said it's a win win proposition.
 
Top