Chinese Economics Thread

localizer

Colonel
Registered Member
High quality perfume and handbags can be easily designed and produced. China should really further develop their own luxury brand names. If you think about it, making high quality perfumes and handbags should be much easier than making WS-10 engines and J-20 planes.

Most of Western luxury goods are made in Asian sweat shops, yet Chinese go out of their way to go to the West to buy it and bring it back. Ridiculous.
 

gelgoog

Brigadier
Registered Member
Yamal LNG project won't need a gas line. This is way up in the Arctic and a gas line may prove to be too long. Instead, Russia is building a fleet of special LNG carriers with ice breaking capability, with this large fleet being made in China, S. Korea and Russia under the SovComFlot enterprise. More of these ships are also being built for other liners such as COSCO and Japan's MOL. The ships are meant to go through the North East passage, which is the Bering Straits to the Arctic. The long term strategic implications of this would lead to a growing strength of Russia's Pacific Fleet and China's northern fleets to keep these lanes open. I made some posts about this on the Chinese Shipbuilding thread.

Over the next decade any Yamal gas needs to come via ice class LNG carrier to China. But there are plans to make Power of Siberia 2 pipeline which would run from Yamal to Beijing through Mongolia. As long as a contract is established I don't think it would take too long to make the pipeline. Plus unlike Power of Siberia 1, this pipeline wouldn't require drilling for new sources of gas since Yamal already has vast existing capacity. Another possibility would be pipelines for oil & gas from Iran I think. Vast untapped potential. But would have to go through Pakistan and would be quite far from main population centers of China.
 

NiuBiDaRen

Brigadier
Registered Member
China’s Economy Continues Broad Recovery Despite Covid-19 Surge Elsewhere
Industrial output, investment and consumer spending all grew at faster paces in November
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China’s economic activity extended its momentum in November with an across-the-board recovery, putting the world’s second largest economy on stronger footing as it approaches the end of a tumultuous year.

Major economic indicators, including industrial output, investment and consumer spending, all grew at faster paces last month, supporting job growth and driving down unemployment rates, according to official data released Tuesday.

China’s industrial output rose 7.0% in November from a year earlier—its highest level in more than two years, China’s official National Bureau of Statistics said. The result was a tick up from 6.9% in October, and beat the 6.8% increase expected by economists polled by The Wall Street Journal.
 

B.I.B.

Captain
Yes I believe I said something to that effect. That's why these articles are really more for their own citizens so they don't turn against the system of government they have now. Why do they say Republicans and Democrats are rabidly bipartisan except for when it comes to China? It's not because it's a sign from God they're on the right path like how they want to spin it. It's because China shows how they're a failure at keeping the US or whatever country ahead. If voters saw it that way, these politicians would be voted out of office for failing to do their job. It's not China being competitive. It's China cheating so it's not their fault their government is failing.

They also use to say that any attempted invasion of Taiwan would involve a six mile swim. I guess they aren't saying that anymore.
 

ansy1968

Brigadier
Registered Member
Damnit man, tired of winning this much. There's seriously a lot of positive news today, I can't possibly post them all

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Hi Crang,

WOW!!! Praise heaped on China Both by WSJ and BLOOMBERG in one day :cool: . Need to report the facts, China is the only MAJOR economy that will registered growth this year. Can't always report the China will collapse nonsense forever.
 
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