Chinese Economics Thread


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Perpetual Zero-Covid policies will cripple the Chinese economy.
It depends on how it's done. But thankfully Wuxi is not in full lock down. It's curbs. So not as bad as full lockdown. Hopefully they can get a handle on this.

Apparently those unidentified hepatitis in children where 10% required transplant have been found to be due to post covid inflammation. So I suspect the Chinese govt is waiting for a bit longer data and the virus to be less lethal.


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China’s rare-earth giant forms international trade firm to deepen integration

By Global Times Published: Jul 03, 2022 10:27 AM Updated: Jul 03, 2022 10:24 AM

rare earth Photo:VCG

rare earth Photo:VCG

Chinese newly-established rare-earth giant China Rare Earth Group Co Ltd recently announced that it has established an international trade company in an important move to accelerate the deep integration of trade assets within the group in a bid to promote industrial coordination and business efficiency.

The company will focus on boosting trade and operation integration within the group, strengthen deep cooperation in the rare-earth sector so as to develop into a world-class trade firm, according to a statement on the group’s WeChat account.

According to Chinese business information platform Tianyancha, the trade company was registered on June 28 in Ganzhou, East China’s Jiangxi Province, with registered capital at 1 billion yuan ($149 million). It is 100 percent controlled by China Rare Earth Group Co.

China Rare Earth Group Co was formally set up in December 2021 through the merger of several key producers of the important mineral resources, involving China Minmetals Corp, Aluminum Corp of China and Ganzhou Rare Earth Group Co.

When the industrial conglomerate was established, it announced its focus would center on technological research and development, exploration, downstream application and rare-earth trade.

Rare earths, dubbed “industrial gold,” are a group of 17 chemical elements used in a wide range of products from high-tech consumer electronics to military equipment.

China leads the world’s rare-earth sector in terms of production and refining technologies. According to the US Geological Survey, China’s rare-earth reserves led the world in 2020 at 44 million tons, accounting of around 37 percent of global reserves. The country accounted for around 60 percent of rare-earth production worldwide in 2020.

In April, the Ministry of Industry and Information Technology said that China will further promote the expansion of rare-earth permanent magnet material application, in a bid to enhance the development of rare-earth permanent magnet materials and the high-end application industry.

According to data from the General Administration of Customs, China exported 21,970 tons of the minerals in the first five months of 2022, up 10.9 percent on a yearly basis.


How many cars travel on the Hong Kong-Zhuhai-Macau bridge per day?
The pandemic has made travel between HK, Macau and Zhuhai almost impossible. The bridge was also underutilized before the pandemic because the HK government has only granted 15000 cars the permit to use the bridge. Daily cars through the bridge was a little over 4000 before the pandemic.

Shenzhen Zhongshan bridge would not have such restrictions and would be probably jam packed quickly.


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Well after noisy prediction of Chinese economy slowdown China once again stumped the west Guess the best action is inaction
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We should not provoke the US and Europe … but rather wait for their stagflation to get worse, and for these regions to be further weakened from the Russia-Ukraine conflict Liu Yuanchun​

He linked the picture today to that of five decades ago, when stagflation caused a recession in the US, while the opposite happened in the former Soviet Union.

“We need to learn from the lesson that the Soviet Union failed to seize the opportunity … in the 1970s,” he said. “We must take the initiative to carry out comprehensive reforms – real reforms – to truly smooth out domestic circulation and readjust our mechanism for innovation.
“We should not provoke the US and Europe … but rather wait for their stagflation to get worse, and for these regions to be further weakened from the Russia-Ukraine conflict.”
Beijing is already gauging the impact of global inflation on the Chinese economy, which has seen only a moderate rise in consumer prices while being hard hit by strict coronavirus-control measures.
Not if China maintains the zero Covid policy.


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Not if China maintains the zero Covid policy.
Lol zero covid-19 policy is better than your countries useless Russian sanctions that are causing massive inflationary pressures, political disruption, and soon internal instabilities not to mention economic recession and industries devastated due to lack of access to Russian gas, Russian oil, Russian fertilizers etc...

Worry about your countries piss poor economic outlook than China because as I have always maintained, judging from the last 40 years result China’s economic development, handling by the central government is miles better than your virtue signaling useless political actors who think of themselves as "leaders."