Chinese Economics Thread


Michaelsinodef

Junior Member
Registered Member
Anyone got any details of Biden's Indo pacific economic pact? What it entails etc

Wonder how it'll affect China's economy

So like the others said, basically a nothing burger.

No real substance, and in fact, it's more like the US wanting stuff from nations signing it, while not really offering anything in return. So basically a joke, some might sign to give the US 'face', but don't expect anything to actually come out of it (basically gonna be a useless paper).
 

ansy1968

Colonel
Registered Member

So like the others said, basically a nothing burger.

No real substance, and in fact, it's more like the US wanting stuff from nations signing it, while not really offering anything in return. So basically a joke, some might sign to give the US 'face', but don't expect anything to actually come out of it (basically gonna be a useless paper).
@Michaelsinodef bro the $15 million aid is no joke for the Americans, it's a US Dollar for god sake we should be kneeling in gratitude BUT in reality for us here it's an insult.:mad: especially when Ukraine is receiving $40 billions in Aid and demand we follow her example.
 

ansy1968

Colonel
Registered Member
It's like when my relative from the US and China visited us, My uncle from the state demand our utmost attention with white privilege attitude and when I paid for a whole course Lunch and Dinner meal, he gave a red pocket (unwarranted) to my children worth a dollar each, not being embarrass he had my kids open the Angpao in front of me to show how successful he was...lol I'm seething in anger cause both meals cost me $400 each ($800). While my Chinese cousin who visited us paid our dinner meal (we had a kungfu fight just to get the bill and he had a better technique than me...lol) and each of my Children received $200 worth in Yuan each. Right there and there my children understand what it is to be Chinese, the character of the person, these experiences can't be taught and every anti Chinese propaganda only stiffen their resolve. Imagine my family as the Philippines you think we're not insulted....lol
 

sndef888

Senior Member
Registered Member
IPEF consists of :
agreed standards in four main areas: the digital economy, supply chains, clean energy infrastructure and anti-corruption measures.
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Australia, Brunei, India, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and Vietnam

Seems fairly useless. Just a bunch of standardisation rules that China could easily follow if it wanted as well
 

Coalescence

Senior Member
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IPEF consists of :
agreed standards in four main areas: the digital economy, supply chains, clean energy infrastructure and anti-corruption measures.
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Australia, Brunei, India, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and Vietnam
So this is just about setting standards as the objective with no agreements on investment or cooperation yet. This might become an issue for some of those countries if they are forced to follow standards set by US that goes against their economy or profitability, so they'll need to really sweeten the deal to keep them on board. This might die off like the rest of the initiatives like "Build Back Better" and 'Blue Dot Network".
 

Strangelove

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GT Voice: China-Vietnam industrial chain defined by close cooperation


By Global Times Published: May 22, 2022 10:51 PM Updated: May 22, 2022 10:44 PM

People work at a workshop of Harbin Dongan Automotive Engine Manufacturing Co., Ltd. in northeast China's Heilongjiang Province, Feb. 25, 2021.(Photo: Xinhua)

Photo: Xinhua
Apple Inc told some of its contract manufacturers that it wants to boost production outside China, with Vietnam and India among the countries listed as alternatives to China, The Wall Street Journal reported on Saturday, citing people familiar with the matter.

Since the US tech giant has long been viewed as a weathervane, its latest inclination about supply chain layout may, to a certain extent, offer a glimpse of how rapidly Vietnam's manufacturing position has been rising at a time when China has been facing supply chain problems amid its worst epidemic outbreak in two years.

Given Vietnam's robust economic performance in recent days, some Western public opinion claimed that as China's global supply chain status is facing shocks by the epidemic situation, Southeast Asian countries, represented by Vietnam, will play catch-up or even replace it.

It should be noted that the main reason why Western countries have been touting the rise of Vietnam or other Southeast Asian countries is because they want to use the fast-growing country or region to contain China.

In addition to economic considerations, it is more for the geopolitical purposes that the US and other Western countries have shown growing interests in strengthening economic cooperation with the region.

For instance, during the US-ASEAN summit in Washington in mid-May, the Biden administration appeared keen to lure Vietnam and several other Southeast Asian countries to participate in the Indo-Pacific Economic Framework (IPEF), which senior US officials already said on different occasions is aimed at building supply chains excluding China.

But is "made in China" and "made in Southeast Asia" really a competitive relationship? That's not necessarily the case. Take Vietnam as an example. It is true that the Vietnamese economy has been faring relatively well recently. According to figures from the Vietnamese General Statistics Office, Vietnam's economy expanded by 5.03 percent year-on-year in the first quarter of this year, surpassing China's growth of 4.8 percent. Meanwhile, Vietnam's foreign trade increased 14.4 percent year-on-year in the first three months of 2022, compared with the 10.7 percent growth in China's foreign trade in yuan-denominated terms.

However, this doesn't mean Vietnam's manufacturing competitiveness has threatened China's. From the manufacturing size and strength perspective, Southeast Asian countries including Vietnam are unlikely to replace China's status in the global supply chain in the short term.

Fundamentally speaking, it is based on the spillover effect of the Chinese manufacturing that Vietnam can develop its own manufacturing sector. So the robust development of Vietnam's manufacturing sector is actually a result of its intertwined connection with China in terms of industrial and supply chains. While Vietnam's exports grew 12.9 percent year-on-year to $88.6 billion in the first quarter of this year, its trade surplus was merely $1.46 billion. Meanwhile, Vietnam imported $27.6 billion worth of Chinese goods, resulting in a trade deficit of $14 billion with China during the first quarter.

The Southeast Asian country imports many parts and raw materials from China and exports processes products to the US, Europe and other regions.

If anything, Vietnam's trade structure highlights a paradox in the US-led IPEF initiative for the Asia-Pacific region. If the IPEF can strengthen the economic and trade ties between the US and regional countries by promoting US investment in the region, then the regional manufacturing sector would be more closely linked to China, because all the regional exports to the US would be inextricably linked to China's supply chain.

Vietnam needs to see through industrial chain links behind geopolitical tricks. After all, Vietnam's development doesn't only hinge on how to learn from China's experience, but depends on whether it can find its proper position in the regional industrial chain network to promote Asia's overall trade outlook in the future.
 

sndef888

Senior Member
Registered Member
So this is just about setting standards as the objective with no agreements on investment or cooperation yet. This might become an issue for some of those countries if they are forced to follow standards set by US that goes against their economy or profitability, so they'll need to really sweeten the deal to keep them on board. This might die off like the rest of the initiatives like "Build Back Better" and 'Blue Dot Network".
There were rumours they even had to tone this down to convince India to join. At the same time they're not willing to open up market access.

So I think it's a dead policy. It'll probably hum along until Biden loses the 24 election and get dumped by the next president.
 

Coalescence

Senior Member
Registered Member
There were rumours they even had to tone this down to convince India to join. At the same time they're not willing to open up market access.

So I think it's a dead policy. It'll probably hum along until Biden loses the 24 election and get dumped by the next president.
They even forego letting Taiwan join because the ASEAN countries don't want to anger China.
At this point, I think US should just give up trying to get them to go against China and just play the game China been doing for a long time, win-win cooperation and trade deal. What's the point of being a hegemony if the second biggest economy in the world is inaccessible to you.
 

ansy1968

Colonel
Registered Member
@sndef888 bro I give you some hints regarding the geopolitical play happening here, The first to congratulate BBM is China with the Chinese ambassador personally handing over the written message from Xi directly to BBM, that meeting lasted 3 hours, yesterday ambassador from SK, Japan, India and the US charge de affair had a close door meeting, and the topic is China. Don't believed the written article, just follow the hint especially coinciding with Biden visit in Asia and IPEF, now did they succeeded, like I said the SCS is a dead issue and this coming from the presumptive President himself "In a phone call with Chinese President Xi Jinping last week, Marcos said China and the Philippines "must not allow what conflicts or difficulties we have now between our two countries to become historically important." , SK, Japan and the US are our top five trading partners But China will dwarf them all, we want trade and investment NOT the Security aspect they espoused.

In this current situation in the great geopolitical game Between China and the Collective West, talk is cheap and we want economic development, Period. China is fighting the right war, it fit nicely with her BRI strategy and they were winning, They had gain partners of immense geostrategic value, Russia, Iran, Pakistan and maybe the Saudis. EU for me is a trojan horse for the US, Her fragility will lead the collective west to her down fall. So why join a losing team, Biden may not last his term, SK is puny, Japan is hemorrhaging and India is Invisible BUT we can smell her...lol

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May 12, 2022 — President of China Xi Jinping has congratulated presumptive president Ferdinand “Bongbong” Marcos Jr. for his impending victory in the 2022 ...


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6 hours ago — Japanese Ambassador Koshikawa Kazuhiko, South Korean Ambassador Kim Inchul, Indian Ambassador Shambhu S. Kumaran and United States Chargé d' ...
Missing: sk,door
 
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hullopilllw

Junior Member
Registered Member

So like the others said, basically a nothing burger.

No real substance, and in fact, it's more like the US wanting stuff from nations signing it, while not really offering anything in return. So basically a joke, some might sign to give the US 'face', but don't expect anything to actually come out of it (basically gonna be a useless paper).
Are you a fan of 沈逸 ?
 

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