Chinese Economics Thread

hashtagpls

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It's a double edged sword. Chinese tourists gives China leverage when it comes to politics and negotiations. It means China can play the "do this or I'll pull out my tourists" card
In the case of Australia, they've had their taste of what Chinese money can bring: entire billion dollar sectors dependant on Chinese money: real estate, education, tourism etc.
The future is not going to look pretty for Australia's economy and since Australia is led by white anglo chauvinists there is going to plenty of budget cuts and economic pain to go around. Not even US investors are going to replace the role of Chinese money since US investment is already oversaturated in Australia. Every major Australian company is US owned.

Makes sense though; Australia is CIA owned, better that the CIA's own fiefdom should bear the brunt of China's economic warfare.
 

Aniah

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Do we have any updates on the Chinese boycott? I haven't heard anything much since the start of the event.
 

supercat

Major
Foreign investment in China climbs 81% in 2020 amid economic recovery
China last year attracted $520.6 billion of foreign investment, up by 81 percent from 2019, the State Administration of Foreign Exchange (SAFE) said in a report (link in Chinese).

Amid China's steady economic recovery and improved business climate, foreign direct investment into the Chinese mainland grew by 14 percent in 2020, the report said.

In 2020, China's securities market saw net inflows of overseas funds totaling $254.7 billion, a surge of 73 percent year on year, SAFE data showed.

Net inflows into Chinese bonds jumped by 86 percent from a year ago to $190.5 billion, while that into equities reached $64.1 billion, up by 43 percent year on year.

In contrast, the country's outbound direct investment lagged behind due to the spread of COVID-19 worldwide, down 20 percent year on year to $109.9 billion.

The report attributed the significant growth in Chinese securities' overseas holdings to the country's promising economic development prospects, prudent monetary policy, and high-level opening up of the financial market.
(With input from Xinhua)

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j17wang

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There are many good wines in China. Absolutely no need to import from Australia.

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Just remember, the US and the five eyes want to crush China, which includes undoing all of China's economic prosperity and making us into the next India, whereby we can one day provide IT or tech support and make cheap goods for the west. Remember, the US WANTS chinese slave labour. You can tell because of how disdainful the average american is of a fellow chinese worker even in the US, especially when they are willing to work longer hours. This says nothing of the beta male republicans like that in Atlanta, who would rather fancy himself a submissive concubine using his wealth rather than any other talents. Why else do you think American white males love going to thailand, hint its not for the culture.
 

weig2000

Captain
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In the forty plus years of China's reform and opening era, China has withstood four severe system tests, about once a decade, and come out stronger each time:
  1. 1989 - Tienanmen Incident, political crisis. Deng Xiaoping embarked on the now famous "Southern Tour" in 1992 and reignited the stalled economic engine.
  2. 1998 - Asia Financial Crisis. Chinese premier Zhu Rongji held the rmb exchange rate steady and launched domestic stimulus program to arrest the slide of the economy and countervail the negative external shocks.
  3. 2008 - Global Financial Crisis. China launched an aggressive economic stimulus program and accelerated the large-scale infrastructure build-out. China became the global growth engine to help support world economy.
  4. 2020 - COVID-19, the pandemic. China controlled the COVID-19 domestically with aggressive measures within a few months and emerged to be the only major economy to have positive economic growth in 2020.
 
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