D
Deleted member 15887
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How does RCEP benefit China though, in comparison to the current situation?
Chinese Economics Thread
- Thread starter Norfolk
- Start date
Hendrik_2000
Lieutenant General
I can't find thread on australia China relationship can somebody show me so I put it in this thread It is about time what took them so long via broadsword
China Bans Australian Coal Imports as Political Relations Sour
Bloomberg News
October 12, 2020, 5:38 PM GMT+8
Australia’s agricultural exports are already subject to curbs
Nation dominates coking coal sales to China’s steel industry
For a fresh perspective on the stories that matter for Australian business and politics, sign up for our new weekly newsletter.
China has suspended purchases of Australian coal, according to people familiar with the order, as Beijing continues to tightly control imports of the fuel amid soured political relations with Canberra.
Chinese power stations and steel mills have been verbally told to immediately stop using Australian coal, the people said, asking not to be identified as the matter is private. Ports have also been told not to offload Australian coal, one of the people said. China’s customs administration wasn’t immediately available to comment.
The ban marks an escalation in tensions that have already jolted agricultural exports from China’s biggest supplier of commodities. It isn’t clear when the halt might end or how it might affect long-term contracts that are already in place.
The fossil fuel has been a previous target for China’s ire with what it regards as an increasingly hostile government in Canberra, most recently in 2019 when shipments became subject to port delays. It’s one of the few resources in which China is largely self-sufficient, as it mines and burns about half the world’s supply, and its utilities use lower-quality thermal coal for just a small fraction of their needs.
Higher-quality coking coal is a different story. China produces less of it and the country’s steel-making giants are still reliant on overseas suppliers, where Australia is dominant, typically accounting for over half of imports.
Coking Coal
Australia has been the main coking coal supplier to China's steel giants
Source: General Administration of Customs
China is, overwhelmingly, the key buyer of Australia’s most lucrative export, iron ore, although curbs on that product would be a heavy blow to a steel industry that relies on vast -- and cheap -- supplies from mining heavyweights like Rio Tinto Group and BHP Group.
More broadly, China keeps a tight grip on coal imports as it seeks to balance the needs of its miners and industrial users. The fuel still accounts for over half of its energy needs, but is falling out of favor, albeit gradually, as China shifts to cleaner burning energy to cut pollution and meet increasingly ambitious climate goals.
“We are aware of these reports and have had discussions with Australia’s resources industry, who have previously faced occasional disruptions to trade flows with China,” Trade Minister Simon Birmingham said in a statement. “Australia will continue to highlight our standing as a reliable supplier of high grade resources that provide mutual benefits.”
BHP Group, Australia’s biggest exporter of coking coal, didn’t immediately respond to a request for comment. China Baowu Steel Group, the nation’s biggest mill, declined to comment. The news of the coal ban was first reported by outlets including S&P Global Platts and Argus Media.
— With assistance by Jason Rogers, Steven Yang, Qian Chen, Matthew Burgess, Alfred Cang, David Stringer, and Winnie Zhu
China Bans Australian Coal Imports as Political Relations Sour
Bloomberg News
October 12, 2020, 5:38 PM GMT+8
Australia’s agricultural exports are already subject to curbs
Nation dominates coking coal sales to China’s steel industry
For a fresh perspective on the stories that matter for Australian business and politics, sign up for our new weekly newsletter.
China has suspended purchases of Australian coal, according to people familiar with the order, as Beijing continues to tightly control imports of the fuel amid soured political relations with Canberra.
Chinese power stations and steel mills have been verbally told to immediately stop using Australian coal, the people said, asking not to be identified as the matter is private. Ports have also been told not to offload Australian coal, one of the people said. China’s customs administration wasn’t immediately available to comment.
The ban marks an escalation in tensions that have already jolted agricultural exports from China’s biggest supplier of commodities. It isn’t clear when the halt might end or how it might affect long-term contracts that are already in place.
The fossil fuel has been a previous target for China’s ire with what it regards as an increasingly hostile government in Canberra, most recently in 2019 when shipments became subject to port delays. It’s one of the few resources in which China is largely self-sufficient, as it mines and burns about half the world’s supply, and its utilities use lower-quality thermal coal for just a small fraction of their needs.
Higher-quality coking coal is a different story. China produces less of it and the country’s steel-making giants are still reliant on overseas suppliers, where Australia is dominant, typically accounting for over half of imports.
Coking Coal
Australia has been the main coking coal supplier to China's steel giants
Source: General Administration of Customs
China is, overwhelmingly, the key buyer of Australia’s most lucrative export, iron ore, although curbs on that product would be a heavy blow to a steel industry that relies on vast -- and cheap -- supplies from mining heavyweights like Rio Tinto Group and BHP Group.
More broadly, China keeps a tight grip on coal imports as it seeks to balance the needs of its miners and industrial users. The fuel still accounts for over half of its energy needs, but is falling out of favor, albeit gradually, as China shifts to cleaner burning energy to cut pollution and meet increasingly ambitious climate goals.
“We are aware of these reports and have had discussions with Australia’s resources industry, who have previously faced occasional disruptions to trade flows with China,” Trade Minister Simon Birmingham said in a statement. “Australia will continue to highlight our standing as a reliable supplier of high grade resources that provide mutual benefits.”
BHP Group, Australia’s biggest exporter of coking coal, didn’t immediately respond to a request for comment. China Baowu Steel Group, the nation’s biggest mill, declined to comment. The news of the coal ban was first reported by outlets including S&P Global Platts and Argus Media.
— With assistance by Jason Rogers, Steven Yang, Qian Chen, Matthew Burgess, Alfred Cang, David Stringer, and Winnie Zhu
manqiangrexue
Brigadier
Except when the damage to their economies is too great, they will reject American demands just like they will fight a trade war with America. There's a reason that blocs aren't countries; blocs are temporary and fragment on disagreement. They're a veneer of unity but they're worthless.
You're not sure? Let me explain. Because unlike you, people actually look at numbers. Huawei has never stopped growing even with all the US sanctions. People don't say open-eyed blind things like you; we don't say something is destroyed when all its numbers are going up. Huawei is more notorious as a global brand than it ever was; it is a symbol of a product so excellent, the US bent itself out of shape trying to stop just a small portion of it.
Nobody cares what you are fine with and you have fighting smart confusing with kissing boots. Mao Zedong led 900M people out of a war-torn country with no scientific background. Mao Zedong didn't have 900M Chinese people with the largest and most capable STEM force on earth with the largest GDP PPP in the world. He led 900M poor farmers who've never touched a machine before. They were not equipped to succeed like today's Chinese people are, individually.
Refer to above in regards to your useless blocs.
That's funny; the person who, according to his own admission, is hated by everyone on all the forums he attends, claims that other people have bad diplomacy LOLOL
Where do you see Chinese diplomats berating non-hostile nations on their COVID response? On the other hand, how often have you seen Trump do it? How about threaten countries with economic pain? LOL The worst of what China does to hostile nations, America does to "allied" nations. This diplomacy can unite the world against China? How stupid are you?
So basically since China has smarter, more educated people, and more people, your only recourse is to start counting swaths of countries as the US? LOLOL And even funnier, added together, they don't touch China's talent pool. Only India tips the balance and Indians can't do squat with all their resources! Useless incoherent blocs that fragment from the wind are meaningless.
OK, nobody will listen to you. It's been like that from day one; why repeat it? LOL
America can be as delusional as they want. They can teach their people that each Chinese province is a different country and make the American students ignorant. (If China teaches it's people that America isn't a real country because it belongs to dead native Americans, does that self-denial change anything?) Then they can cry that China violated human rights when they arrest American agents all the while American police kill black people sleeping in their homes. These are "levers"? They sound like death throe struggling to me LOL. Lying to yourself is one of the phases before accepting defeat.
It is the US that is cutting itself off as Chinese global trade increased while American global trade fell last year. You're imagining things against numbers again. Whenever the US makes these threats, foreign companies make technological get-arounds to get to the Chinese market anyway. And when they say "it's us or them" they shouldn't be surprised if one day, the answer is, "Well, China has the larger economy, larger market, and quite frankly you have no military advantage either. So that and all the other lucrative countries like Iran and Venezuela you made us forsake for your own ambitions... it's gonna be them. Bye Felicia." When that happens, America can choose to isolate itself totally or eat its own petty words.
All your examples and points don't matter as they're just self-admitted trolling. See above on meaningless blocs, choosing sides, and explosive growth of Chinese companies.
You have no opinion; you troll all forums to disagree with what's said. The longer it drags out, the better for China because China is growing and America declining, but America has chosen to have this contest now. Always be glad that it wasn't yesterday instead of sulking that it could have been easier tomorrow. Game on.
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^ ^ ^
I'm not going to respond to all of that, but I don't troll forums. I simply present the moderating opinion or the side of the question that I think contributes the most to the discussion. Right now the Western and Chinese perspectives are too far apart so I present the side that will help each one see the other side. The reality is both West and China have some right perspectives and there are a lot of gray areas. It's not black and white. My mission and goal is simply to help the two sides coexist more peacefully which will be better for everyone. That is my mission and I would happily be unpopular for the sake of the goal of peace, because I see fighting as very destructive to everyone ultimately.
I'm not going to respond to all of that, but I don't troll forums. I simply present the moderating opinion or the side of the question that I think contributes the most to the discussion. Right now the Western and Chinese perspectives are too far apart so I present the side that will help each one see the other side. The reality is both West and China have some right perspectives and there are a lot of gray areas. It's not black and white. My mission and goal is simply to help the two sides coexist more peacefully which will be better for everyone. That is my mission and I would happily be unpopular for the sake of the goal of peace, because I see fighting as very destructive to everyone ultimately.
manqiangrexue
Brigadier
You'll not respond because you have no rebuttals, only regurgitation of defeated points. Your failed mission at moderation and useless trolling with no real opinion or content benefits no one and is heeded by no one on any forum you attend. The entirety of your vain effort stems out of your own ignorance of the world. As I said before, you would fare much better to have both of your personalities argue with each other; at least then, you may benefit psychiatrists/psychologists.
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AssassinsMace
Lieutenant General
No, it's because you always respond to my posts with utter nonsense and not a single original thought. As for me, I ask not for much. If I can even bring about a single particle of doubt to a single person that this suicidal war that the two countries are going into is a dumb and crazy idea-- I can go to my grave happily. I serve only the people of these two nations-- the US and China.
AssassinsMace
Lieutenant General
I love how the Chinese are not suppose to have confidence. That's what it basically comes down to because without confidence there would be no advancement. Why would anyone come into this forum to try to convince anyone here of anything when no one here has any power or say in China's direction? Because it's personal. Like I said it's a wife beater mentality. They beat their wives and girlfriends to force no confidence that they can't do anything without them. The abusers also try to convince that everything they do is about love. If they didn't love them they would bother to abuse them. Like I've said before, China is the second most powerful country in the world and has number one looking over their shoulder without being liked nor doing what they say is the best way.
manqiangrexue
Brigadier
Just because you cannot answer intelligently does not make it nonsense, no matter how convenient it would be for you if it were. Don't you say the same on other forums with your multiple personality disorder? Lots of people seem to agree with me and not with you. Pretty obvious where the nonsense is from, eh? And where did you imagine my thoughts were plagiarized from?
Hmmmm, you truly do have low standards for your life, and revolving completely and morbidly around other people's opinions. And you wish to project such a pitiful lapdog existence on such a grand and proud country as China?
Your imagination that you can serve mortal enemies on both sides is the biggest nonsense here. People like you end up drawn and quartered in war, both sides considering you a traitor. But yet, you keep your foolish fantasy that you spend your life cheering for opposing teams in a sports contest pretending and wishing that they can set aside their differences to both with the match LOL
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