Chinese Economics Thread

[antiterror13]

I wonder why everyone is saying TPP is dead?
Yes the US may not participate but there are 11 other nations that is participating.
It would be mostly natural resources but nations like Peru, Canada, Chile, Australia and/or Vietnam which are rich of it and Japan, Singapore and/or Taiwan would use it for good use if they participate.
Would they just give up after 8 years of negotiation?
I doubt it.

wondering whether you understand what TPP is ? ... google it my friend

 

[B.I.B.]

I wonder why everyone is saying TPP is dead?
Yes the US may not participate but there are 11 other nations that is participating.
It would be mostly natural resources but nations like Peru, Canada, Chile, Australia and/or Vietnam which are rich of it and Japan, Singapore and/or Taiwan would use it for good use if they participate.
Would they just give up after 8 years of negotiation?
I doubt it.

For NZ the U.S.participation in the TTP is the main prize.
We did not do as well for dairy products to the U.S. as hoped. However there was some consolation when more wine and horticultural products were increased.
Japan had relented and allowed prime NZ beef in which was something we had been chasing for years.

 

[Blackstone]

I wonder why everyone is saying TPP is dead?
Yes the US may not participate but there are 11 other nations that is participating.
It would be mostly natural resources but nations like Peru, Canada, Chile, Australia and/or Vietnam which are rich of it and Japan, Singapore and/or Taiwan would use it for good use if they participate.
Would they just give up after 8 years of negotiation?
I doubt it.

Both President Obama and President-elect Trump said TPP is dead, so in it's current form, TPP has gone the way of the dinosaurs. On the other hand, you have a point on TPP living on as a concept, and Xi Jinping has been working on that. It's called Free Trade Area of the Asia-Pacific. I think it's probable something close to the FTAAP will be the new "TPP."

 

[dingyibvs]

The TPP stipulates that it needs something like 70% of the GDP of the signatory nations to approve it before it comes to effect, so without the U.S. it's dead. It can be resurrected under another name, of course, but it obviously won't have nearly the same impact without by far its largest partner.

 

[Equation]

The TPP stipulates that it needs something like 70% of the GDP of the signatory nations to approve it before it comes to effect, so without the U.S. it's dead. It can be resurrected under another name, of course, but it obviously won't have nearly the same impact without by far its largest partner.

TPP was long gone once it excluded China into the pact.

 

[Equation]

Alibaba co-founder Joe Tsai: The world will suffer if China and US can't work together

On the eve of Alibaba’s (

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) biggest

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, one of the Chinese e-commerce giant’s co-founders expressed the need for China and the US to work together.

“America and China cannot ignore each other. These are the two largest economies in the world,” Alibaba co-founder and vice chairman

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told Yahoo Finance. “If the two countries don’t work together, everybody else in the world will suffer.”

The comments came in the wake of the

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, who resisted the

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throughout his upstart presidential campaign. In his platform, Trump says he will instruct his Treasury Secretary to “

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.” The Wall Street Journal reports that the promise, if kept, could be the “

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.”

For his part, Trump has said “

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” with China, and he has repeatedly said the country is taking America’s jobs. Tsai, on the other hand, asserts that China could actuallyprovidejobs for American workers, pointing out that China has an

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that’s growing at 6.5%.

“New wealth is being created in China, and what that translates into is a lot of consumption and demand,” said Tsai, who seemed to brush off concerns

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.

China may look to the US and other countries for goods to satisfy that growing demand, he said.

“We are looking at a lot of Chinese demand and also Chinese capital,” Tsai said. “From the American perspective, that’s a lot of job opportunities because Chinese consumers will want to buy from America. Chinese investors will want to invest in America, therefore creating jobs.”

In an acknowledgement of the anti-trade administration that was just elected in the US, Tsai added, “We hope the politicians on both sides will see those constructive aspects and work toward the future.”

For now, Tsai’s Alibaba will continue working to make itself a global platform. He notes that Singles’ Day — a day of major discounts every November 11 in honor of a fake holiday for single people — is already a global event with brands from all over the world. In the future, he said, he’d like to get 2 billion consumers around the world shopping on Alibaba.

He also has one other hope for the future: “We look forward to a relationship between America and China that is prosperous, that is constructive.” With an anti-trade president in the White House, that may be an uphill battle.

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[B.I.B.]

china would not have opened up her financial services market for U.S. firms anyway.For China it would ne handing a trigger point to the economy to the U..
U.S.

 

[Jura The idiot]

I noticed as Breaking News at gazeta.ru

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quoting РИА

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and informing about the USD-to-YUAN exchange rate being the highest since 2010 (I tried to quickly check:

(I just noticed, is all.)

 

[Zool]

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Monday, November 14, 2016 10:22 AM UTC

The economic transition of China towards a consumer-and services-oriented economy continues, while, the industrial sector and investment are losing their importance as the drivers of the Chinese economic growth, noted Scotiabank in a research note. The Chinese government is concentrating on supply-side reforms to lower excess industrial capacity; but it is simultaneously intervening to make the rebalancing as slow as possible to keep economic and social stability and to ease the risk of disruptive market volatility.

Authorities’ desire to bolster the real GDP gains is seen in a quick increase in credit. The Chinese economy’s near-term prospects have stabilized due to loose credit policies. China is on the path to meet the government’s economic growth target of 6.5 percent to 7 percent this year, stated Scotiabank. In the first three quarters, the real GDP expanded 6.7 percent year-on-year. According to Scotiabank, the economic growth is expected to decelerate to 6 percent year-on-year by 2018.

The Chinese central bank has promised to keep a “prudent” monetary policy stance in the months ahead, continuing to fine-tune monetary conditions with targeted policy measures. The PBoC aims to keep sufficient liquidity and curtail asst bubbles given the increasing financial risks because of rising leverage. The central bank’s reserve requirement ratio has been maintained at 17 percent since March 2016, whereas the key interest rates were reduced in October 2015.

“We do not anticipate any changes to the policy rates over the coming months”, said Scotiabank.

China’s producer prices have returned to inflationary territory and the inflation outlook continues to be manageable. In October, China’s consumer prices accelerated 2.1 percent year-on-year. It is expected to hover a tad above 2 percent in the quarters ahead, noted Scotiabank.

 

[B.I.B.]

OT I hope folks will understand that I did not think it was worth creating a new thread for the question I want to ask and let it pass

I received a pre auction offer from a Chinese Mainlander for a property Ive got on the market. Its substantially more than I was expecting and well above the reserve.
The only condition being, he wanted to extend the settlement date by an extra 6 weeks, citing it would take longer for a private individual to get permission to take a large amount of money out of China.
Is that true?

thanks