Chinese Economics Thread

[Chish]

That's where foreign competition/low import tariffs comes in.


The situation right now is horrible. Not only small farms are dying. China has high tariffs and trade restrictions on agriculture due to lobbying.

But if CCP can't even stop lobbying, who can?

Farmers will needs some forms of protections to ensure food security for any country, even for very developed, rich and efficient Japan.
According to the Globle Post " Japanese agriculture is among the most heavily protected in the world. The import tariff on rice, sugar and wheat is 778 percent, 305 percent and 252 percent, respectively. Duties on butter, cheese, peanuts and skimmed milk range between 737 percent and 218 percent. Over 100 agricultural items are protected by a tariff of over 200 percent."
And the excuse to protect and aid Japanese rice farmers from imports is based on the premise that rice plays a central role in Japanese culture, and without protection, the industry would collapse. Yes over 700% import tafiff!
Don't know what effects RCEP will have on Japanese agriculture.

 

[LawLeadsToPeace]

Yep, that's the reason why Trump admin's "whole of society" race war rhetoric makes Asians uncomfortable but finds a ready audience in western europe

To be honest, race didn't play a role in the ASEAN nations' plus Japan and other Asian countries' decisions to sign RCEP. At the end of the day, it's money, and the US doesn't have that right now despite having the best GDP and largest economy as of now.

 

[Tam]

Farmers will needs some forms of protections to ensure food security for any country, even for very developed, rich and efficient Japan.
According to the Globle Post " Japanese agriculture is among the most heavily protected in the world. The import tariff on rice, sugar and wheat is 778 percent, 305 percent and 252 percent, respectively. Duties on butter, cheese, peanuts and skimmed milk range between 737 percent and 218 percent. Over 100 agricultural items are protected by a tariff of over 200 percent."
And the excuse to protect and aid Japanese rice farmers from imports is based on the premise that rice plays a central role in Japanese culture, and without protection, the industry would collapse. Yes over 700% import tafiff!
Don't know what effects RCEP will have on Japanese agriculture.

The problem is that Japan's rural areas are getting old and dying out. This is a country that loses hundreds of thousands each year from its population without any replacement.

At this rate, protection or not, Japan will lose food self sufficiency anyway, so its better to buy the food or face inevitable skyrocketing prices of food.

 

[nastya1]

Hi nastya1,

I give you another reason, PROXIMITY, we're neighbors ,a large productive one at that, with history of trading with each other with RESPECT and HUMILITY.

RCEP existed 8 yrs already. It was back and forth with no result. It was no coincidence signed near the end of trump admin rampage and during this so called " Wuhan virus"

Another thing the era of US transferring tech to Japan, SK and Taiwan is over. If you are South east Asian countries there will no more US giving tech like before. You will not able to climb the ladder like that before. I think they realize it through this US China tech war.

 

[Nobonita Barua]

Another thing the era of US transferring tech to Japan, SK and Taiwan is over.

You can't be serious with this?

 

[nastya1]

You can't be serious with this?

Haha, of course you can dream a little.

 

[antiterror13]

deleted

 

[AssassinsMace]

How great is CPTPP? If the rules and regulations are so great, why haven't those members stuck out from the rest during this pandemic? That's because it's nothing without a large market member. No US. No China. No attention. When the pandemic hit, I didn't read any news about how the world global shutdown was affecting Vietnam's trade with Japan. I did read about how they were hit in regards to China. Vietnam makes $12.5 billion per quarter just from Chinese tourism alone. So how was something like TPP suppose to tame China as they claimed in promoting TPP?

You know how everyone who argues TPP will make China submit to the rules? How? It's as simple as believing China doesn't want to be left out and because China wants in, they will submit to any and every condition. If that were the case, why are they still complaining of how China is a rogue nation that doesn't follow rules? Why hasn't China already surrendered to their will? The anti-China crowd in this forum is always taunting how the world hates China. Where's China waving the white flag? I just read an article how Australia wants to organize democracies in the region against China and create a defense pact. Isn't that already a fact? The US not strong enough to take on China on its own? What makes Australia think they can do anything? Pompeo recently scolded South Korea and Japan for not being hard on China. I thought all democracies were of like mind. Western countries are displacing how they think and displacing it on China. They are the ones afraid of being left out hence why they think China will feel like they would. That's why when you see articles about RCEP post-signing, they're all talking about how the US was left out. These articles also mention how weak the pact is because it's only about tariffs and not rules. Well that's enough for a country that is always concerned about being left out of the conversation. How can the US have their input when they're not a part of the the club.

 

[horse]

That's why when you see articles about RCEP post-signing, they're all talking about how the US was left out. These articles also mention how weak the pact is because it's only about tariffs and not rules. Well that's enough for a country that is always concerned about being left out of the conversation.

1. No one, absolutely no one, in the region is interested in the American lawyers writing the text for the rules inside the RCEP agreement. They should not expect a Christmas card either.

2. The US is left out of this RCEP pact, them da breaks. They is likes for y'all control freaks.

 

[caudaceus]

How great is CPTPP? If the rules and regulations are so great, why haven't those members stuck out from the rest during this pandemic? That's because it's nothing without a large market member. No US. No China. No attention. When the pandemic hit, I didn't read any news about how the world global shutdown was affecting Vietnam's trade with Japan. I did read about how they were hit in regards to China. Vietnam makes $12.5 billion per quarter just from Chinese tourism alone. So how was something like TPP suppose to tame China as they claimed in promoting TPP?

You know how everyone who argues TPP will make China submit to the rules? How? It's as simple as believing China doesn't want to be left out and because China wants in, they will submit to any and every condition. If that were the case, why are they still complaining of how China is a rogue nation that doesn't follow rules? Why hasn't China already surrendered to their will? The anti-China crowd in this forum is always taunting how the world hates China. Where's China waving the white flag? I just read an article how Australia wants to organize democracies in the region against China and create a defense pact. Isn't that already a fact? The US not strong enough to take on China on its own? What makes Australia think they can do anything? Pompeo recently scolded South Korea and Japan for not being hard on China. I thought all democracies were of like mind. Western countries are displacing how they think and displacing it on China. They are the ones afraid of being left out hence why they think China will feel like they would. That's why when you see articles about RCEP post-signing, they're all talking about how the US was left out. These articles also mention how weak the pact is because it's only about tariffs and not rules. Well that's enough for a country that is always concerned about being left out of the conversation. How can the US have their input when they're not a part of the the club.

Regarding so called weak rules or human rights or IP or environmental protection. Remember that in ASEAN only Singapore and Brunei that has higher GDP per capita than China. This implies that they might prefer the rules to be lax because they need to focus on the development first. So the weak rules are not some Beijing plot or something like that.

P.S. This shows some weakness of Asian pundit/observer that try to relate every action and policy to China without considering their independent needs. Ultimately strategic empathy is required.