Miscellaneous News
- Thread starter bd popeye
- Start date
Next article we will find out the plane was called “Kashmir Princess II”…
The shareholders only care about $$$ and keeping the company profitable in the China market.
Unfortunately it's not because they actually believe China is innocent and that the human rights allegations are false.
China gains (in terms of business) at the end of the day but the lies will continue to linger..
U.S. carves path to Indo-Pacific framework, but will others follow?
LOS ANGLES -- In order for the U.S.-led Indo-Pacific Economic Framework to truly work as a buffer to China's influence in the region, Washington will have to show tangible benefits for joining because the participants have strong trade ties with Beijing.Economic ministers from 14 nations agreed to enter formal negotiations on the Indo-Pacific Economic Framework (IPEF) at a two-day meeting that closed Friday. The negotiations will focus on the framework's four pillars: trade, supply chains, clean energy and anti-corruption efforts.
"We are committed to offering tangible and concrete benefits to the partner countries participating in IPEF," U.S. Commerce Secretary Gina Raimondo said at the event, indicating the desire for swift progress on the agreement.
The U.S. aim is to build an economic space that will allow like-minded countries to counter China's growing influence in the Indo-Pacific region.
But creating an economic space separate from China will not be easy as participating countries are highly dependent on trade with it. In a time of prolonged confrontation between the U.S. and China, each country is weighing how much distance it should create between the two competitors.
Australia has the highest level of economic dependence, with China accounting for 35% of its trade in 2020. New Zealand follows at 25% and South Korea at 24%.
The seven members of the Association of Southeast Asian Nations that make up half the IPEF participants, including Vietnam and Indonesia, have about 10% to 20% of their trade with China. All of the other participants have more trade with China than with the U.S.
China holds a large share of trade of important resources and goods such as semiconductors, rare earths and minerals essential for the production of batteries. The U.S. aims to strengthen supply chains within the framework to weaken this dependence. Against this backdrop, challenges remain in maintaining unity among the participants despite the agreement to start negotiations.
Some remain wary of being be required to adopt strict rules on the environment, human rights, data distribution, and other issues that the Biden administration is pushing for. India, for instance, has declined to participate in the trade pillar. "We have to see what benefits member countries will derive," said Piyush Goyal, India's commerce and industry minister.
The IPEF is different from existing trade agreements in that it does not require tariffs to be cut or eliminated, making it less attractive because participants will not gain new access to the world's largest market -- the U.S.
Therefore, the U.S. is emphasizing other benefits. At an event connected to the meeting, Washington touted its commitment to helping women acquire information technology-related skills. The goal is to provide education and training to 7 million people over the next 10 years on artificial intelligence and robotics with the help from the likes of Google and Apple.
The U.S. and China continue to be locked in battle over the leadership of Asia's economy. China promotes infrastructure and other investments via its Belt and Road Initiative. After the U.S. withdrew from the Trans-Pacific Partnership Agreement (TPP) under the Trump administration, China applied for membership in the pact last year, a move that appeared to be aimed at expanding its influence.
The Biden administration is wary of China's moves and is increasing its involvement in Asia.
Because it is a staunch ally of Washington and has a close relationship with ASEAN, Japan will likely play an important role in keeping the U.S. involved in the region.
"It is significant that the U.S. has once again made clear its economic commitment to the Indo-Pacific region," Minster of Economy, Trade and Industry Yasutoshi Nishimura said after the meeting.
Non-paywall wall:
The Indo-Pacific economic framework (IPEF) is intended as the economic containment leg of China by the Biden administration (like I have said three - four times earlier in the past 3 months). The IPEF was launched op 23 May, 2022 by the Biden administration and after 3,5 months of initial negotiations between the US and participants they have launched the negotiations this week in Los Angeles.
Not long ago, there was the saying by the west "China will be forced to comply with the Russian-Sanction", "Chinese business shun Russian in fear of Western threat", one example is the Unipay story.
Here is the reality
Bilateral trade between Russia and China increased by 31.4% in the first eight months of 2022.
In August 2022, Chinese shipments to Russia rose 26.5% from a year earlier in dollar terms, up from a 22.2% gain in July.
Imports from Russia jumped 59.3% versus a 49.3% increase in July.
Basically what happened was that the trade slowed a bit before July due to the western sanction that disturbed dollar and Euro payment channels, but bounced back strongly after both sides switched to Ruble and RMB. The trade even further increased compared to pre-war times.
In an analogue, the west want to stop others partying by farting in the open, people walk away, the west cry "I win", only moment later people is having a bigger party in another place.
Here is the reality
Bilateral trade between Russia and China increased by 31.4% in the first eight months of 2022.
In August 2022, Chinese shipments to Russia rose 26.5% from a year earlier in dollar terms, up from a 22.2% gain in July.
Imports from Russia jumped 59.3% versus a 49.3% increase in July.
Basically what happened was that the trade slowed a bit before July due to the western sanction that disturbed dollar and Euro payment channels, but bounced back strongly after both sides switched to Ruble and RMB. The trade even further increased compared to pre-war times.
In an analogue, the west want to stop others partying by farting in the open, people walk away, the west cry "I win", only moment later people is having a bigger party in another place.
I genuinely can't remember if Boom Aerospace was discussed on this form or not, and I don't know if this belongs in World News or another forum.
But anyways, one of the things a lot of people (can't remember if it was on this forum or another forum/reddit, and definitely happened in real life) did to try and downplay China's C919 flights and China's developing aerospace industry in general was to point to Boom Aerospace. Basically it was another "America's back, baby!" thing.
Well, here's how its going:
But anyways, one of the things a lot of people (can't remember if it was on this forum or another forum/reddit, and definitely happened in real life) did to try and downplay China's C919 flights and China's developing aerospace industry in general was to point to Boom Aerospace. Basically it was another "America's back, baby!" thing.
Well, here's how its going:
similar to the Mitsubishi MRJ program. Back some years ago, it was touted to beat ARJ with its super tech. Now ARJ is flying in service, MRJ is essentially a stillborn.
And outside of the aerospace program, its coming up on 3 years since the Blue Dot network was announced. Literally nothing's been done. Its been almost 2 years since B3W was announced. Nothing. Almost a year ago they were supposed to announce the first US-led post-covid international rebuilding projects. Instead all we've gotten is the US stealing resources from those weakest among us.