Chinese Economics Thread
- Thread starter Norfolk
- Start date
Have you read through the agreement? I honestly haven’t but I’ve seen some say that China conceded on most points and it doesn’t really give China anything but gives Europe most of what they asked.
From the highlights I’ve seen that people put out, there are no direct benefits to it for China.
If true it’s still beneficial in that it connects Europe with China more and is a diplomatic victory but I wonder if they are correct.
They delisted and resisted AGAIN in the last 3 hours. Bahahaha
PiSigma
"the engineer"
Haul truck drivers in fort McMurray get paid on average 250k a year including bonus.
The trucks they drive are giant, basically a 4 store building. But then again, there is not much around the mine, so it's not that dangerous.
The reason the pay is high is because the trucks are expensive, and they are a danger to everything else around them.
Add in the -40C for 3 months of the year and isolation working/living conditions.
In fact everytime I add an operator, I have to to add $1 M to the budget. Operators get paid 150k-200k a year, add a cross shift, bonuses, benefits, training, etc. The costs add up pretty quickly.
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This is a situation begging for 5G.
In 5-10 years, 90% sure they will be replaced by self-driving trucks.
Wow, do they really know what they want to do? I'm not sure if this is the last uturn. CNBC said the last time, delist, but I'm not sure if that's the last decision.
PiSigma
"the engineer"
They already have. There are three big companies that use these trucks, my company went autonomous trucking last year.
I don't have an issue with China giving Europe most of what it wanted, as long as they are reasonable requests.
Like I said previously, China was until recently, most definitely a developing country.
As such, China wasn't held to a higher standard of conduct and market access.
But now Chinese companies can compete and win.
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Yes, it is a diplomatic victory.
But in the big picture, it is anchoring China-Europe into an "open" trade and investment order.
By extension, that brings in a huge chunk of the world as well.
And with the Chinese economy set to grow even more and become twice the size of the USA in the next 10-15 years, it is China which will reap the most benefits from an "open" trade and investment order.
I suspect it’s some form of good cop bad cop.
Wallstreet want that Chinese investment yield and flip flopped to signal they being forced.
They can flip flop again after the 20th. Who cares.