Chinese Economics Thread

[Jura The idiot]

China’s pork crisis sends consumer inflation rising to the brink of Beijing’s limit, highest level in six years

• September’s consumer price index rose to 3.0 per cent, largely due to soaring pork prices
• China’s producer price index, a measure of the prices manufacturers charge at the factory gate, also fell further into deflation at minus 1.2 per cent

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is the SCMP story out of (among other things)

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·

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China's producer price index, which measures costs for goods at the factory gate, dropped 1.2% YoY in September, while consumer price index (CPI) rose 3% YoY, the National Bureau of Statistics said Tuesday.

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[LesAdieux]

Looks like this trade deal is another Trump spin and lie. They're still negotiating where they're saying they're hoping to sign the deal next month at the APEC meeting and if it's not signed by Dec. tariffs will go up. I don't even know why Beijing is entertaining Trump when all he does is lie and spin. He said no mini-deal yet this is a mini-deal to get the stock market moving up. If Trump gets re-elected, Beijing doesn't see Trump will have nothing to lose playing even a more hardball game since he can't run for another term after that?

Trump has been playing like a Brooklin gangster: he first announces that he will have Joe wacked next week; then he says he'll delay the action for a few days, and as the compensation for his "good will", Joe must do this and this for him. the only thing you can stop him is to wack him harder.

 

[Jura The idiot]

three narratives:

China plays up purchases of US farm goods in positive spin on trade talks

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x

China to accelerate purchase of U.S. farm products

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x

China likely to resume farm trade with US, but uncertainties persist: analyst

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me? I think only time can tell if China buying this or that means anything now

 

[B.I.B.]

Looks like this trade deal is another Trump spin and lie. They're still negotiating where they're saying they're hoping to sign the deal next month at the APEC meeting and if it's not signed by Dec. tariffs will go up. I don't even know why Beijing is entertaining Trump when all he does is lie and spin. He said no mini-deal yet this is a mini-deal to get the stock market moving up. If Trump gets re-elected, Beijing doesn't see Trump will have nothing to lose playing even a more hardball game since he can't run for another term after that?

Apart from Bannon on Fox news saying, China really needed the agreement because they were losing badly.or words to that extent. I have not heard much more from MSM.

 

[AssassinsMace]

Apart from Bannon on Fox news saying, China really needed the agreement because they were losing badly.or words to that extent. I have not heard much more from MSM.

I saw a lot of skepticism about the deal. The only ones cheering it were the notorious pro-Trump news sources.

 

[AssassinsMace]

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Trump trade adviser Peter Navarro often quotes a nonexistent economist named 'Ron Vara'

Kathryn Krawczyk
,
October 15, 2019


President Trump is getting two trade advisers for the price of one.

On paper, Trump's top trade adviser is Peter Navarro, an unapologetic defender of Trump and critic of China. But inside Navarro's own brain is Ron Vara, an untraceable economist frequently quoted in Navarro's books whose name happens to be an anagram of Navarro, The Chronicle of Higher Education reports.

Vara has made appearances across Navarro's economic books for at least 20 years, often authoring an epigraph before Navarro's chapters. They've contained fun Vara-branded aphorisms like "don't play checkers in a chess world" and questionable ones such as "only the Chinese can turn a leather sofa into an acid bath, a baby crib into a lethal weapon, and a cellphone battery into heart-piercing shrapnel." A 2001 book revealed the most detail about Vara, saying he was a "struggling doctoral student in economics" at Harvard in the mid-1980s. The Chronicle found no record of Vara at Harvard at that time, though that is when Navarro attended the school.

Navarro, in a statement, admitted that Vara is a "whimsical device and pen name I've used throughout the years" and said it was "refreshing" that someone finally figured it out. After all, even Navarro's one-time co-author Glenn Hubbard, when asked by the Chronicle, said he had no idea Vara was fictional. Read more about Navarro's alter ego at

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.

 

[Jura The idiot]

Yesterday at 8:44 PM

three narratives:

China plays up purchases of US farm goods in positive spin on trade talks

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x

China to accelerate purchase of U.S. farm products

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x

China likely to resume farm trade with US, but uncertainties persist: analyst

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me? I think only time can tell if China buying this or that means anything now

now the article full of "dispute resolution" [arrangements] and "enforcement mechanism" talking
:
China, US praise trade war deal dispute settlement mechanism but details remain sketchy after talks

• Last week’s high-level talks in Washington appear to have made progress towards ‘phase one’ of a comprehensive trade deal
• Issue of enforcement has always been one of the thorniest issues between Beijing and Washington and led to the collapse of a talks in May

follow the link

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if interested

 

[manqiangrexue]

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Trump trade adviser Peter Navarro often quotes a nonexistent economist named 'Ron Vara'

Kathryn Krawczyk
,
October 15, 2019


President Trump is getting two trade advisers for the price of one.

On paper, Trump's top trade adviser is Peter Navarro, an unapologetic defender of Trump and critic of China. But inside Navarro's own brain is Ron Vara, an untraceable economist frequently quoted in Navarro's books whose name happens to be an anagram of Navarro, The Chronicle of Higher Education reports.

Vara has made appearances across Navarro's economic books for at least 20 years, often authoring an epigraph before Navarro's chapters. They've contained fun Vara-branded aphorisms like "don't play checkers in a chess world" and questionable ones such as "only the Chinese can turn a leather sofa into an acid bath, a baby crib into a lethal weapon, and a cellphone battery into heart-piercing shrapnel." A 2001 book revealed the most detail about Vara, saying he was a "struggling doctoral student in economics" at Harvard in the mid-1980s. The Chronicle found no record of Vara at Harvard at that time, though that is when Navarro attended the school.

Navarro, in a statement, admitted that Vara is a "whimsical device and pen name I've used throughout the years" and said it was "refreshing" that someone finally figured it out. After all, even Navarro's one-time co-author Glenn Hubbard, when asked by the Chronicle, said he had no idea Vara was fictional. Read more about Navarro's alter ego at

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.

Alright cool. Add "Old people with imaginary friends who serve as advisers" to the White House Circus Freak Show.

 

[solarz]

Alright cool. Add "Old people with imaginary friends who serve as advisers" to the White House Circus Freak Show.

Aren't they all religious?

Or did you mean the fake economist thing?

 

[Jura The idiot]

Yesterday at 7:13 AM

China’s pork crisis sends consumer inflation rising to the brink of Beijing’s limit, highest level in six years

• September’s consumer price index rose to 3.0 per cent, largely due to soaring pork prices
• China’s producer price index, a measure of the prices manufacturers charge at the factory gate, also fell further into deflation at minus 1.2 per cent

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is the SCMP story out of (among other things)

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·

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China's producer price index, which measures costs for goods at the factory gate, dropped 1.2% YoY in September, while consumer price index (CPI) rose 3% YoY, the National Bureau of Statistics said Tuesday.

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now
Economic Watch: China's inflation stays within annual target

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mentions "more stabilizing macroeconomic measures to take effect in the near future" so let's wait and see