Chinese Economics Thread
- Thread starter Norfolk
- Start date
Pretending that increasing demand will not increase natural resources demand is what hyperinflationistas love doing.
Here is some more LLM slop.
Copper and Tin price increases 2018 to now vs Chinese electronic goods export prices 2018 to now
I'll summarize it for those who won't click the link.
Copper prices have gone up ~54.2% since 2018.
Tin prices have gone up ~69.2% since 2018.
Chinese electronics goods export prices have gone down 1.5% since 2018.
In what universe is money printing good for China?
I'll repeat it here.
China is not a net natural resources exporter, therefore money printing is explicitly bad for China.
Period.
Full stop.
You have to ask yourself why literally every single U.S. propaganda outlet is ordering China to print money.
Copper and Tin price increases 2018 to now vs Chinese electronic goods export prices 2018 to now
I'll summarize it for those who won't click the link.
Copper prices have gone up ~54.2% since 2018.
Tin prices have gone up ~69.2% since 2018.
Chinese electronics goods export prices have gone down 1.5% since 2018.
In what universe is money printing good for China?
I'll repeat it here.
China is not a net natural resources exporter, therefore money printing is explicitly bad for China.
Period.
Full stop.
You have to ask yourself why literally every single U.S. propaganda outlet is ordering China to print money.
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Yes your beautiful austerity kills the economy. Learn how accounting works and follow that guy (fiat money - you will go with all the stages of grief like me). I don't agree with everything, but overall MMT prediction are the best regarding economy and closest to real descripction of how in reality the economy of a country works.
Just print the money, and have a booming economy. Poland imports much more energy than China and printing money did amazing results since 2016.
Rise hugely minimum wage, then beef up social spending and you have blooming economy it's that easy. No need for any anti involution like cutting production, just do the two things I said.
Just print the money, and have a booming economy. Poland imports much more energy than China and printing money did amazing results since 2016.
Rise hugely minimum wage, then beef up social spending and you have blooming economy it's that easy. No need for any anti involution like cutting production, just do the two things I said.
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Poland has no technology and little resource.
It's less money than you think, and it had a price, unrestricted access for European companies which monopolized most industry and retail. Most money which came to Poland was also before the boom that started since 2016.
Yes. It's small country part of German industrial base. Imagine what will happen when China finally reject neoliberal lies? Another economic boom, now almost all printed cash will go to domestic Chinese companies (mature domestic industrial and consumer sector) - China is ready for 800 RMB plus benefit for every Child per month.
I recently saw this entry by Kevin Walmsley on China trying to have a greater role in Global commodities. He also has a video on this
and also this Bloomberg article about it
It's very interesting, but also logical for Shanghai to play a bigger role in trading in commodities trading world since it needs to do to expand the financial services sector.
so I took a look here of this 13B RMB fund by 上海国资 to form subsidiary "上海国茂控股有限公司"
And also look to get into magnesium, tungsten and Cobalt & attract traders of nickel, lithium, magnesium, tin, tungsten and cobalt. So, all metals that China really does a lot of refining and processing. + supporting more trading of recycled copper and aluminum.
and also this Bloomberg article about it
It's very interesting, but also logical for Shanghai to play a bigger role in trading in commodities trading world since it needs to do to expand the financial services sector.
so I took a look here of this 13B RMB fund by 上海国资 to form subsidiary "上海国茂控股有限公司"
expanding trading volume of Copper, Aluminum, steel by encouraging more domestic and foreign companies to provide supply. So, the importance here I guess is to increase volume and commodify trading. Although agreeing to a standard and enforcing the alloy standard will be up to the exchange to do so.
And also look to get into magnesium, tungsten and Cobalt & attract traders of nickel, lithium, magnesium, tin, tungsten and cobalt. So, all metals that China really does a lot of refining and processing. + supporting more trading of recycled copper and aluminum.
As always, one reason to push forward this is strengthening China's finance industry and banking. + increasing payment through CIPS and settlement in RMB. + using Shanghai clearing house's clearing connect platform.