Chinese Economics Thread

Xiongmao

Xiongmao

Junior Member
Registered Member
Nevermore said:
How much damage will Li Ka shing's sale of ports cause to China? I see that Chinese media and some officials are criticizing this incident
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In the event that Blackrock decides to implement anti-China practices such as the $1.5m surchage on Chinese ships, could China put these ports out of business commercially by redirecting all the Chinese merchant and cargo ships to friendly ports instead? Since China has the world's largest merchant fleet and second largest cargo fleet, surely this would have a large economic impact on Blackrock's ports?
 
B

Biscuits

Colonel
Registered Member
Xiongmao said:
In the event that Blackrock decides to implement anti-China practices such as the $1.5m surchage on Chinese ships, could China put these ports out of business commercially by redirecting all the Chinese merchant and cargo ships to friendly ports instead? Since China has the world's largest merchant fleet and second largest cargo fleet, surely this would have a large economic impact on Blackrock's ports?
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China would just hold the profit that Blackrock is supposed to make from the lease in escrow

If you know what Blackrock is, you realize Trump isn't gonna stick his neck out for them. Would be another matter if this was Tesla
 
T

THX 1138

Junior Member
Registered Member
Xiongmao said:
In the event that Blackrock decides to implement anti-China practices such as the $1.5m surchage on Chinese ships
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I seriously doubt that any company (especially a foreign one) has the authority to dictate the terms of transit across the Panama Canal. I would think that transit terms are entirely up to the Panama government. The company managing the ports simply does what it is told.

Of course, that does not preclude the U.S. from coercing the Panama government into adopting anti-China policies. Everyone knows the Panama government will buckle at the slightest pressure from the U.S.

Ultimately, the port company takes its orders from the Panama government, and the Panama government takes its orders from the American government. It matters little whether those ports in Panama are managed by a Chinese company or by an American company.
 
Wrought

Wrought

Junior Member
Registered Member
Turns out industrial policy is not a magic wand, and needs to implemented with precision.

Indian Prime Minister Narendra Modi's government has decided to let lapse a $23 billion program to incentivize domestic manufacturing, just four years after it launched the effort to woo firms away from China, according to four government officials.

Firms were promised cash payouts if they met individual production targets and deadlines. The hope was to raise the share of manufacturing in the economy to 25% by 2025. Instead, many firms that participated in the program failed to kickstart production, while others that met manufacturing targets found India slow to pay out subsidies, according to government documents and correspondence seen by Reuters.

As of October 2024, participating firms had produced $151.93 billion worth of goods under the program, or 37% of the target that Delhi had set, according to an undated analysis of the program compiled by the commerce ministry. India had issued just $1.73 billion in incentives - or under 8% of the allocated funds, the document said.

News of the government's decision to not extend the plan and specifics about the lag in payouts are being reported by Reuters for the first time. Modi's office and the commerce ministry, which oversees the program, did not respond to requests for comment. Since the plan's introduction, manufacturing's share of the economy has decreased from 15.4% to 14.3%.
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