Chinese Economics Thread

AssassinsMace

AssassinsMace

Lieutenant General
Trump either wanted to send a message to China or he was testing the waters to see how the US stock market would react. I would guess more the latter because bad news is usually released on Friday so the weekend softens the shock.
 
Gatekeeper

Gatekeeper

Brigadier
Registered Member
Quickie said:
Most of the time, it's not about them actually doing what they say.

It's really about doing damage to the consumer and investor sentiment in relation to Chinese investment.

The same thing happened with the Google ban on Huawei when reprieve was given for a period of time but we know the job of damaging consumer sentiment had been done and dusted.
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Spot on, its another piece of mis-direction. Just like China steals, China unfair practice. China spying. Lol the list goes on, and eventually, it sinks in the populace brain, and when time comes, they think all these allegations are true!
 
Jura The idiot

Jura The idiot

General
oops,
Trump administration starts paying $14.5 billion to farmers hurt by the trade war
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The Trump administration will begin paying $14.5 billion to farmers hurt by the
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by the end of August.
It's the second round of aid the administration will pay out as negotiations with Beijing continue past the one-year mark. Farmers received about
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The trade situation has "persisted longer than we expected," said Rob Johannson, chief economist at the Department of Agriculture, on a call with reporters.
American farmers have been some of the hardest hit by China's retaliatory tariffs, which were put on a range of commodities including soybeans, corn and wheat. The tariffs made those American agricultural products more expensive for Chinese importers, and private buyers nearly stopped purchasing US-grown soybeans -- leaving a
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amount sitting in storage at the end of 2018.
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that there would be a second round of aid payments in May, after trade talks unraveled and President Donald Trump abruptly escalated tariffs on $200 billion of Chinese goods. Some farmers, who have long stood behind the President in his mission to get a better deal with Beijing,
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The Department of Agriculture released new details Thursday about how the payments will be calculated. Farmers can begin applying for aid on Monday, and can expect to receive a payment in mid- to late-August.
The new round is based on how many acres a farmer has planted and the rate will vary by county. A minimum of $15 per acre will be paid.
The payments will be split into three rounds. The last two will be paid in the fall and winter -- but could be canceled if trade tensions are resolved beforehand. The maximum a farmer can receive is $500,000. Those who earn more than about $900,000 a year aren't eligible.
"I think the bottom-line takeaway is we are appreciative of this, but farmers have borne a significant price in this trade war," Brian Duncan, vice president of the Illinois Farm Bureau, told CNN.
"No matter what the payments are here, they are not going to make up for the generational damage that's being done. Once trade routes get changed, they don't change back -- that's the real rub here," Duncan added.
On the call with reporters, Perdue said that the aid payments aren't designed to make farmers whole.
"This is really an attempt to recognize farmers have borne a disproportionate share of the trade disruption and these funds are there to support them and enable them to continue farming, he said.
In a statement to CNN, American Farm Bureau Federation president Zippy Duvall said, "While we are grateful for the continuing support for American agriculture from President Trump and Secretary Perdue, America's farmers ultimately want trade more than aid. It is critically important to restore agricultural markets and mutually beneficial relationships with our trading partners around the world."
In June, Trump said trade
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after he met with President Xi Jinping and that Beijing agreed to start buying US agricultural products as talks continue. But two weeks later,
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that China had yet to start making any purchases.
When asked about those purchases on the call, Perdue suggested that they had started.
"We're seeing rumors and I think we're seeing possibly some sorghum purchases and soybean purchases," he said.
Perdue said farmers should not expect to see another aid package in 2020.
In addition to the tariffs, farmers have been facing a cold and wet spring that has made planting difficult. They were also hit with tariffs from Canada and Mexico because of Trump's steel and aluminum tariffs. Those have been lifted, but farmers are still waiting to see whether the administration's replacement for the North American Free Trade Agreement will be approved by Congress.
"We need more certainty," said Phil Ramsey, who grows wheat, corn, and soy in Indiana.
"They (the administration) are just trying to get money in our hands. This season has been so difficult. We're all having the same conditions with the uncertainty that mother nature has given us, and this is the quickest way to get money into our hands fairly," he said.
The administration will also be buying some surplus commodities affected by the trade war and distributing the food to food banks and schools, as well as making payments to organizations that help promote agricultural trade. All together, the second aid package --- including the $14.5 billion slated directly for farmers -- totals $16 billion.
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AssassinsMace

AssassinsMace

Lieutenant General
Looks like Trump did try to get China to investigate Joe Biden's son for his business dealing in China. Rudy Giuliani was on a Sunday morning round table show and was asked directly if Trump asked for China's assistance and Rudy Giuliani kept repeating that China gave Biden's son $1.5 billion.
 
AssassinsMace

AssassinsMace

Lieutenant General

The last conversation after 7 minutes is what's interesting. There's this French writer I always see on CNN, Bernard-Henri Lévy, when they talk about international affairs especially Europe. He always talks about things in a romanticized way with his think French accent where I just want to puke. So the last time I saw him he was selling his book on what's the difference between the West and countries like China, Russia, and Turkey. He was peddling all these countries not the West were pursuing past glories while the West looks forward. I was thinking... MAGA isn't about pursuing past glories? Brexit isn't about doing that? The rise of the right in Europe isn't all about that?
 
Jura The idiot

Jura The idiot

General
now I read this tough one, threatening retirement money and so on:
Decoupling effort shows US underrates China
Source:Global Times Published: 2019/9/29 20:32:05
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Some fanatical US hawks need to take a closer look at what the Chinese economy has achieved over the past 70 years, instead of devising crazy ideas about a US-China decoupling. Why? Because they are playing with fire and seriously underestimating the development of China's manufacturing industry and companies.

The news that the Trump administration is considering delisting Chinese companies from US stock exchanges seems to be the latest attempt at a decoupling. The move is said to be part of a broader effort to limit US investment in China.

Major US stock indexes fell following this news on Friday, with US-listed shares of Chinese companies tumbling. Alibaba sank 5.15 percent, JD.com was down 5.95 percent, and Baidu Inc declined 3.67 percent.

US Treasury spokesperson Monica Crowley was quoted in a Saturday report as saying that, "The administration is not contemplating blocking Chinese companies from listing shares on US stock exchanges at this time." The denial is likely only an attempt to reassure the market.

Whatever the real intentions of the US Treasury are, the news itself is expected to have significant repercussions for the Chinese and US economies, as well as their companies, in the future. Nowadays, certain US hawks are relentless in seeking a decoupling from China, which has already caused disruption to normal business operations and financial markets.

One of the possible consequences of the uncertain ban on Chinese listings is that US-listed Chinese companies may start considering contingency plans, or at least restrain their business expansion in the US, given rising uncertainties from the US-China trade war. US companies that have investments in China may also need to think about the same issues. In the end, the US will see its remaining growth impetus depleted by concerns over future risks and policy uncertainties.

Some US politicians seem to believe that a decoupling from China will be simple and that it won't significantly impact its economy.

Such an arrogant belief in reality underlines a serious underestimation of what the Chinese economy and Chinese companies are capable of today. After 70 years of development, China has built a world-class manufacturing industry, and has an independent and complete modern industrial system.

It was during the development process that a number of outstanding Chinese companies emerged, some of which are now listed in the US.

It should be noted that the listing of Chinese companies in the US is not just beneficial to China, but also to US investors. And the future growth of these Chinese companies may mean a lot more to US citizens, especially those with a 401(k) plan.

It is foolish for US hawks to try to decouple. After all, it is US consumers and investors that will bear the costs.
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AssassinsMace

AssassinsMace

Lieutenant General
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I'm sure in their calculus believing in their own propaganda they counted on the Chinese people secretly loving Americans first would in itself pressure Beijing for them. Don't believe that if they were in control of China, their system would be able to take care of a billion people.
 
ZeEa5KPul

ZeEa5KPul

Colonel
Registered Member
AssassinsMace said:
There's this French writer I always see on CNN, Bernard-Henri Lévy, when they talk about international affairs especially Europe.
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*Blech*. He (or should I say "it"?) is a particularly odious specimen. I recall listening to that wretch in a round table thing with Professor Zhang Weiwei - rarely have I wanted to reach through a screen and strangle someone as much as I did then. These propagandists' level of indoctrination is truly a sight to behold.
 
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