Chinese Economics Thread


gelgoog

Captain
Registered Member
The article assumes that it'll just be a reshuffle of trade relations where Australia will just sell their ore elsewhere. What they ignore is that new iron ore extraction is coming online. Plus there is no client as large as China. So while Australia will still sell some of their products, it is doubtful that once new iron ore production elsewhere comes online Australia will ever export as much as it does right now.
 

Nutrient

Junior Member
Registered Member
An interesting Youtube video by Cyrus Janssen:

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Janssen asks the following question: Why does Western media lie so much about China, portraying it in a consistently negative light? His answer: jealousy.

I am writing in the Economics section because the 16-minute video contains two stunning maps of the world at 12:01. The maps were made from the IMF's direction-of-trade statistics; they show which countries (in blue) have the US as their main supplier, and which (in red) have China as their main supplier. In the first map, for the year 2000, few countries are red. In the second map, for 2019, nearly the whole world is red!

I would post the screenshots of the maps here, but I don't know how to remove the Youtube decorations.
 
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Kaeshmiri

Junior Member
Registered Member
UK wants trade concessions from China. And at the same time work with the US to contain China. Exact same strategy the EU is adopting.
The difference is that EU has the economic muscle to demand trade concessions. UK on the other hand is a tiny island with 1/6th the GDP of China and is already in economic tatters post Brexit . UK has absolutely no leverage to demand any concessions.
 

MarkD

New Member
Registered Member
The difference is that EU has the economic muscle to demand trade concessions. UK on the other hand is a tiny island with 1/6th the GDP of China and is already in economic tatters post Brexit . UK has absolutely no leverage to demand any concessions.

Also because Britain is badly impacted by COVID.
 

kentchang

Junior Member
Registered Member
An interesting Youtube video by Cyrus Janssen:

Please, Log in or Register to view URLs content!


Janssen asks the following question: Why does Western media lie so much about China, portraying it in a consistently negative light? His answer: jealousy.

I am writing in the Economics section because the 16-minute video contains two stunning maps of the world at 12:01. The maps were made from the IMF's direction-of-trade statistics; they show which countries (in blue) have the US as their main supplier, and which (in red) have China as their main supplier. In the first map, for the year 2000, few countries are red. In the second map, for 2019, nearly the whole world is red!

I would post the screenshots of the maps here, but I don't know how to remove the Youtube decorations.
 

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Hendrik_2000

Brigadier
China keep finding oil in her offshore . Now that they have the technology of finding oil in offshore more and more news like this will crop up. No problem with building drilling platform or production platform. They just barely scratch the surface of exploring oil offshore. Now this find is important because it is close to major economic center of Liaodong peninsula

China discovers over 100 million tonnes of oil, gas reserves in Bohai Bay​

More than 100 million tonnes of oil and gas reserves have been confirmed at Bozhong 13-2 oil field in north China's Bohai Bay, said China National Offshore Oil Corporation, the largest offshore oil and gas producer in the country, on Monday.

 

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