Looks like China isn't stopping yet, now suspends application and registration for beef from OZ.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
China Exports Generate Record Trade Surplus
With November exports up 21% from a year earlier and import growth slowing, surplus hit $75.42 billion
China’s trade surplus widened to a record in November, as global demand for the country’s goods grew even more robust.
November exports were up 21% from a year earlier, the General Administration of Customs reported Monday, accelerating from October’s 11.4% and beating economists’ 12% forecast. Imports were up 4.5%, slowing slightly from and short of the 5.3% expected by economists. The resulting $75.42 billion trade surplus topped the record set in May, when a drop in imports was the major factor.
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Not a good day for Trump's supporters
With November exports up 21% from a year earlier and import growth slowing, surplus hit $75.42 billion
China’s trade surplus widened to a record in November, as global demand for the country’s goods grew even more robust.
November exports were up 21% from a year earlier, the General Administration of Customs reported Monday, accelerating from October’s 11.4% and beating economists’ 12% forecast. Imports were up 4.5%, slowing slightly from and short of the 5.3% expected by economists. The resulting $75.42 billion trade surplus topped the record set in May, when a drop in imports was the major factor.
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Not a good day for Trump's supporters
Not necessarily true... a lot of MAGA merchandise, if not all, were made in China after all... now that Trump has lost / is fighting to remain president there are already new campaigns both legal and political and if Trump is out of the White House in Jan you can be sure there will be other new campaigns, slogans and merch available for those die hard Trump supporters... you can’t go on marches without the uniform after all.
For the average supporter they will be getting cheaper merch, I mean a few hundred percent mark up on American made clothes and accessories will be damned expensive and for the billionaire supporters they will be able to make more money from the average supporters by being able mark up even more without making the retail price too expensive thus increasing sales... and everyone is happy including the plants owners, workers and economy in China... the shipping company’s... the supporters both average and billionaire... and the GOP being able to galvanise people with new cheap merch during a democratic president term!
And so it shall be...week by week...death by a thousand cuts or Chinese water torture, call it whatever racist sinophobic trope they want, Anglo Australia shall learn who is Lord of Asia.
As the Chinese Ambassador said earlier this year: "Chinese people might well ask themselves why they should drink Australian wine, eat Austraian beef?".
Maybe because they are not as toxin tainted as US pork?
Hendrik_2000
Lieutenant General
Interesting you don't need internet to use digital yuan
China’s digital yuan is beginning its assault on the world’s biggest mobile wallets
By
China tech reporter
4 hours ago
China’s digital yuan is introducing new functions to prove it can work just as well as paper currency—as well as offer the online convenience of the country’s two digital payment giants Alipay and WeChat Pay.
The government will ($3 million)’s worth of the virtual money to citizens in the eastern Chinese city of Suzhou this Friday (Dec. 11) via a lottery, in the largest experiment with it to date. The money will be distributed through 100,000 “red packets” given to users who download the digital yuan wallet through special links as the app has not been made available publicly.
China has been developing a digital version of its sovereign currency since 2014, hoping that it will offer policy makers into consumer spending, give them greater over the money supply, and perhaps even (that one’s a long shot). Analysts at Goldman Sachs estimate it could have a total potential user base of people in a decade.
A similar trial was held in the southern city of Shenzhen in October in which was distributed, but this month’s trial introduces a key new feature: “dual offline payment.” Similar to , it will allow users to pay others simply by tapping their phones that have installed the digital yuan wallet together, even when their phones are not connected to the internet, according to (link in Chinese).
China’s digital yuan is beginning its assault on the world’s biggest mobile wallets
By
China tech reporter
4 hours ago
China’s digital yuan is introducing new functions to prove it can work just as well as paper currency—as well as offer the online convenience of the country’s two digital payment giants Alipay and WeChat Pay.
The government will ($3 million)’s worth of the virtual money to citizens in the eastern Chinese city of Suzhou this Friday (Dec. 11) via a lottery, in the largest experiment with it to date. The money will be distributed through 100,000 “red packets” given to users who download the digital yuan wallet through special links as the app has not been made available publicly.
China has been developing a digital version of its sovereign currency since 2014, hoping that it will offer policy makers into consumer spending, give them greater over the money supply, and perhaps even (that one’s a long shot). Analysts at Goldman Sachs estimate it could have a total potential user base of people in a decade.
A similar trial was held in the southern city of Shenzhen in October in which was distributed, but this month’s trial introduces a key new feature: “dual offline payment.” Similar to , it will allow users to pay others simply by tapping their phones that have installed the digital yuan wallet together, even when their phones are not connected to the internet, according to (link in Chinese).
Goldman has to say something along those lines in his article.
That guy is old enough and rich enough to not care about his career, and he can speak the truth, or what he thinks is true.
However, he has to say something pro-American, in order to not be ostracized. After all, he is still an American, and he should try to do something for his country.
What he tries to do, is tell the truth. It is an uphill battle.
Not sure why the Western media still haven't reported this. I think it is due the Western media constantly claims that Meng is engaging with the US for pledge bargaining. Meng Wanzhou finally made an official response.
Through a team of lawyers, Meng Wanzhou pointed out in a series of statements to the public that if the "three demands" are not met, she would rather continue to confine in prison in the United States or Canada.
The three demands made by Meng Wanzhou include unconditional release, public apology, and compensation for emotional distress and financial losses.
Through a team of lawyers, Meng Wanzhou pointed out in a series of statements to the public that if the "three demands" are not met, she would rather continue to confine in prison in the United States or Canada.
The three demands made by Meng Wanzhou include unconditional release, public apology, and compensation for emotional distress and financial losses.