Chinese Economics Thread

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antiterror13

Brigadier
steel21 said:
As I said it before, it might be as close as 2025.

The Japanese are usually pretty conservative with their estimates, I wouldn't be surprised if the date was closer to 2025 than 2026.

The thing to really watch out for is all the tech that's coming out of China in the next 2-3 years. By the way innovate/integrate, once they can domesticate 24-14nm semiconductors, you will see a lot of collapse in major Western tech firm (particularly US firms) as Chinese tech out competes them in both price and performance.

Once corporate revenue falls, military is not far behind as everything is based on tax revenue.
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not in the US as large proportion of the govt budget (inc defence) is funded by a huge debt by printing $
 
Temstar

Temstar

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Registered Member
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Export to Saudi up, but Saudi's trade surplus with China down a lot - that probably means Saudi is buys a lot of weapons from China.

China has also become the top export destination of Gulf Cooperation Council (GCC) petrochemicals and chemicals, accounting for about 25 percent of GCC exports.
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At $180 billion, the GCC (GCC) trade with China accounts for over 11 percent of the bloc’s overall trade. In 2020, China became the GCC’s top trading partner, replacing the EU for the first time.
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localizer

localizer

Colonel
Registered Member
Gatekeeper said:
From Global time Facebook page.

The scale of foreign exchange reserves in #China is $3.22 trillion as of the end of 2020, an increase of $108.6 billion from the end of 2019.

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Lol we only trade because we want to buy stuff we can’t make


Now that they block China from buying things like DUV/EUV/military/education and pulled China into a trade war, what use is the dollar/euro to China?



The whole China NEEDS the West’s “baseball cards with slave owners on them” is an argument out of sheer ignorance.
 
T

Tam

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Registered Member
Crang said:
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"He warned that China is well-positioned to outcompete Russia in these markets, since unlike Moscow, Beijing can bundle arms deals together with lucrative economic agreements."

"There is no real reason for those countries to go with the Russians if they can get something similar or better from the Chinese," Wezeman said. "In a way the Chinese probably have more to offer, not only in terms of the weapons, but also all kinds of other arrangements."
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The arms market isn't as important for the Russians as the oil and gas markets are. Whatever the Russians lost to the Chinese here, it would be tiny compared to all the oil, gas, mineral, and agricultural products such as soybean China is buying from Russia. The sky high rising prices of LNG is a recent boom for the Russians, and you also have the historical first deliveries of LNG via the North East route.
 
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