This is rich. Like china´s economy could survive without foreign markets.
Non-sequitor? What does hoarding of mineral/raw material have to do with Chinese economy not being able to survive without foreign markets?
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This is rich. Like china´s economy could survive without foreign markets.
I am not sure how you came to this conclusion of prosperous and resilient at same time? Japan and Korea can buy LNG and Nuclear production as it chooses. just look at capability of German airforce vs Korean/Japanese.Germany is a more prosperous and resilient country.
You mean you see China's economy continuing to grow under the careful planning and adjustments of the CCP. Whenever something is overheating or out of balance, China cools and balances it and the economy never stops being the top growing major economy in the world by far. It is like the fly-by-wires system of any airplane but you falsely argue that because it is correcting the aircraft right, then left, then up, then down, that it is going nowhere when the actual result is that the plane flies smoothly. Bubbles that don't pop aren't bubbles but powerhouses.How much of that growth was, in reality, asset bubbles? Every time the chinese government tries to tackle the debt growth, the economy no longer "grows" what they want (they want the economy to grow at always high levels, regardless of the economical fundamentals), and then its time to reverse policy and add more liquidy and debt to "stabilize" growth. In fact, it seems to me that the productivity growth is small and much of the rest is just asset bubbles. They think that the evergrande case is unique in the economy? What about the rest of the real estate industry? (kaisa, etc.)
China doesn't need them more than they need China. In the end, money is artificial and extrinisic while goods are naturally intrinsic.This is rich. Like china´s economy could survive without foreign markets.
While the US focuses on the Pacific, China makes a new world.UTLC handle 80% railway cargo. if you extrapolate to 100%. than China-Europe Railway cargo turnover will be worth $56B this year.
China and greater Asia importance will rise. Energy crises in Europe will make this one way traffic.
President Xi said he would encourage $10B investment from Chinese companies in Africa, and now they can export home without tariffs.
Tariffs also work as way to force your industry to upgradePresident Xi said he would encourage $10B investment from Chinese companies in Africa, and now they can export home without tariffs.
While the US focuses on the Pacific, China makes a new world.
Meanwhile, in Germany, at the initiative of Duisport, construction began on the largest railway terminal in Europe, the Duisburg Gateway Terminal, a project considered the gateway to the New Silk Road, a fast alternative route for goods from Asia to European countries such as Austria, Switzerland, Italy, Slovenia, Croatia, and Germany.
In the meantime, new railway routes have been opened from Zhengzhou-China to Hamburg-Germany. The distance of 10,214 kilometers is covered by trains that can carry up to 44 containers of approximately 12 meters (40 feet) in just 15 days.“This is a terminal that will have an annual capacity of 850,000 containers and that will operate over 100 container trains from China per week”, further explains Rasidescu.
China is officially going for the German model
Surely the EU has to act now. If it waits until 2025 or 2030, China will eat up the EU competitors