Why is China buying coal from Canada when the Canadians have refused to release the Huawei executive? China is already banning Canadian canola, but lobsters are still allowed.
Chinese Economics Thread
- Thread starter Norfolk
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China expects to get more coal from the BRI, Mongolia and Russia but the 'rona in Mongolia has caused a shutdown there. China's economic recovery is pushing factory activity and manufacturing to a surge which causes power demand and coal use at an all time high.
Please don't exaggerate.
If countries go against China, they will be hurt, but realistically they won't enter a financial crisis that damages their economies to the point of no return.
The key thing that will change the mentality towards China will be Chinese citizens becoming middle-class.
So yes, that will take at least a decade
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Deleted member 15887
Guest
Do they think Chinese companies are dumb enough not to take advantage of China's industrial competitiveness to outcompete Western companies? Unless they flat out ban Chinese companies from exporting to the West, Chinese companies will be much more economically competitive cause guess what, Western consumers are broke these days and look for the lowest costs now! You think they can beat against Ali-Express price-wise? Dream.
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Deleted member 15887
Guest
Why does China only have 9 years of guaranteed, free, compulsory education? That basically works out to poorer students having to work at 15, no?
From what I know, Japan and China share a similar education structure with 6 years elementary, 3 years junior high, and 3 years senior high school. China only covers for the first two, but not the last one, unlike Japan which covers all three, which is kinda strange unless China guarantees vocational training as well?
Let me rephrase it then: Hurt to the point that all parties, regardless majority or not, would have to totally transform their policy and potentially philosophy towards China, thereby slowly transforming their people's perception towards China and its people.
solarz
Brigadier
9 years is simply the lowest common denominator. That means in the poorest and most remote mountain villages, they will also get 9 years of free compulsory education.
For the vast majority of the country, the tuition for the 3 years of senior high are a pittance, somewhere around 350-800 RMB per semester. The cost for university is also very affordable for most urban families, though families from poor rural areas still need to struggle.
Length of compulsory and free education depends on the province. Rich coastal provinces and not so rich minority areas are already implementing 12 years compulsory education. Xinjiang goes further with 15 years of free (not all compulsory) education.
The problem with the US is the fact that it wanted free access to Chinese companies but wouldn't do the same if China requested.
House passes bill that could delist Chinese companies from U.S. stock exchanges
Trump could sign the measure into law quickly, as Senate already has given its OK
The Democratic-run House of Representatives on Wednesday passed a bill that could bar many Chinese companies from listing shares on U.S. exchanges or otherwise raising money from American investors.
The measure, known as the Holding Foreign Companies Accountable Act, could get signed into law quickly by President Donald Trump, as it .
The bill aims to make foreign companies let the Public Company Accounting Oversight Board oversee the auditing of their financial records if they want to raise money by selling stocks or bonds to the U.S. public. All U.S. companies and most foreign companies already work with the PCAOB in this way, but Chinese ones do not.
House passes bill that could delist Chinese companies from U.S. stock exchanges
Trump could sign the measure into law quickly, as Senate already has given its OK
The Democratic-run House of Representatives on Wednesday passed a bill that could bar many Chinese companies from listing shares on U.S. exchanges or otherwise raising money from American investors.
The measure, known as the Holding Foreign Companies Accountable Act, could get signed into law quickly by President Donald Trump, as it .
The bill aims to make foreign companies let the Public Company Accounting Oversight Board oversee the auditing of their financial records if they want to raise money by selling stocks or bonds to the U.S. public. All U.S. companies and most foreign companies already work with the PCAOB in this way, but Chinese ones do not.