Chinese Economics Thread

horse

Colonel
Registered Member
I'm a Beatles fan bro and appreciate we have same taste in music...hahaha. I like the strategy China is pursuing right now, letting one of their own fight each other. A lesson learned during the event in Tiananmen were a divided CCP almost lead to the collapse of China. And fortunately Deng is there as a unifier and stirred the country out of this mess.
Hi ansy1968,

Nice to see that you enjoy that presentation brother.

There is a lot to talk about, too much actually. Just it at these three points, or four.

1. This seems to be sinking in, that the deals China signed, like, OMG!

2. This is only the beginning, the RCEP and CAI, it will lead to better and bigger things.

3. The Chinese Communist Party, next step should be obvious, to me it would be consolidating gains. Here in this case, keep the United States distant, and keep trying to get closer to the RCEP and CAI people, because they got the momentum to improve ties that way.

4. This goes back to the idea of warfare, and Carl von Clauswichtz. The United States kept on attacking Chinese interest, the momentum of the attacks naturally decline over time, then when the enemy is weak enough, launch the counter attack, which has proved to be very destabilizing because it was so sharp an attack.

Here's some classic music.

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:D
 

Temstar

Brigadier
Registered Member
Hi ansy1968,

Nice to see that you enjoy that presentation brother.

There is a lot to talk about, too much actually. Just it at these three points, or four.

1. This seems to be sinking in, that the deals China signed, like, OMG!

2. This is only the beginning, the RCEP and CAI, it will lead to better and bigger things.

3. The Chinese Communist Party, next step should be obvious, to me it would be consolidating gains. Here in this case, keep the United States distant, and keep trying to get closer to the RCEP and CAI people, because they got the momentum to improve ties that way.

4. This goes back to the idea of warfare, and Carl von Clauswichtz. The United States kept on attacking Chinese interest, the momentum of the attacks naturally decline over time, then when the enemy is weak enough, launch the counter attack, which has proved to be very destabilizing because it was so sharp an attack.

Here's some classic music.

Please, Log in or Register to view URLs content!


:D
The next step is almost certain a trade deal with Africa (AfCFTA), then Latin American while additional trade negotiation also takes place with Europe and China-Japan-South Korea. Despite what Xi said I don't actually foresee that much interest in joining CPTPP.
 

Gatekeeper

Brigadier
Registered Member
Just love this opinon piece from Global Times. Pottinger and Ron Vara getting butt hurt over EU China investment deal.
For tgose earlier discussing whether or not it's a win-win. Well I guess it must be so by judging the real looses here is the U.S. by the butt hurt from those two clowns

OPINION / EDITORIAL

US holds sour grapes mentality toward China-EU investment pact:
Global Times editorial

By Global Times
Published: Jan 02, 2021 12:52 AM

A China-Europe freight train carrying medical supplies bound for Madrid of Spain departs from the city of Yiwu, east China's Zhejiang Province, June 5, 2020. (Photo by Lyu Bin/Xinhua)

Washington made an outcry riddled with a sour grapes mentality toward the completion of negotiations on the China-EU Comprehensive Agreement on Investment. US Deputy National Security Advisor Matthew Pottinger blasted the EU for reaching the deal with China despite the latter's so-called human rights record. The EU has "removed a fig leaf," Pottinger said. White House Trade Adviser Peter Navarro also called it "a bad deal," which will pose a geopolitical challenge to the US. A conservative US scholar asked angrily: How can the Europeans take China's side, not the US?

Strategic selfishness and arrogance seem to have burned the brains of some American political elites. They think the geopolitical interests of the US are identical to those of Europe. So when they mess things up in terms of China-related issues, they believe it goes without saying that Europeans should follow suit. They believe the ideological bond between Europe and the US is strong enough to make the EU abandon huge interests of doing business with China, but act as the political admirer of the US government, wholeheartedly.

On December 30, the day China and the EU made public the completion of negotiations, the US government announced to impose additional tariffs on European products including aircraft-related parts and wines from France and Germany.

The US claims it wishes to join hands with Europe to deal with China. But it was reluctant to offer European countries any benefits. When it comes to morality, Washington pretends to be an American gentleman. When it comes to interests, it haggles over every ounce.

As a matter of fact, quite a few Western scholars are sober-minded. They think it's very unrealistic for the US and the EU to reach a broad and unified trade policy with China and the two can hardly adopt the same stance. The two sides' development of industries is at different levels, so are their geopolitical calculations, which are based on basic economic numbers. Washington wants to fully geo-politicize its economic issues with China, and wants such practices to serve its hegemonic goals. But Europe is more concerned about its own development and wants to solve economic issues with economic solutions.

The US economy is facing severe problems. One of the most important is that its functioning logic has been severely shadowed by partisan politics. Now, Washington is thinking more about how to hit China, rather than how to improve itself. Only the US in its heyday had the capacity to act in accordance with such bullying logic, and it could only do so with small and medium-sized economies. Washington has too many difficulties to cope with its own economic issues. If the US government still behaves in a willful manner toward China, which has an advanced massive economy, it will certainly drive itself into the wall.

The EU's logic of interacting and engaging with China is justified. It prioritizes its own interests, rather than hurting China's without considering the potential cost. Just take a look at how many Mercedes-Benz', BMWs, Audis and Volkswagens that are dashing on the streets of Chinese cities, and count how many fashion products and luxury goods from France and Italy are being snapped up by increasingly affluent Chinese middle class. The Chinese market is booming. If the EU refuses to strengthen cooperation with China, would the US market provide amble room for Europe's future development?

Some US political elites' obsession of playing geopolitical games has become morbid. It is the novel coronavirus, the pandemic-hit economy and people's livelihoods are what the people concern. People in all countries first think about their health, keep a good-paying job and make more money to improve living standards. They need their countries' economies to keep developing. It will annoy them if someone dictates them to play geopolitics all the time.

The US government needs to restore its normal mindset in the face of a rapidly growing China, whose development owes to efforts by thousands of millions of hard-working and intelligent Chinese people. Not only should it acknowledge Europe to reach a bilateral investment treaty with China, it should also change its mindset and be more practical to consider how to obtain more gains through enhancing economic and trade cooperation with China, instead of attacking China all the time.

To destroy the other party at any cost is the logic in wars. This is the era of peace and development. And our common enemy is the novel coronavirus. Washington should not miscalculate the current environment, and continue to struggle in the dark.
 

ansy1968

Brigadier
Registered Member
The next step is almost certain a trade deal with Africa (AfCFTA), then Latin American while additional trade negotiation also takes place with Europe and China-Japan-South Korea. Despite what Xi said I don't actually foresee that much interest in joining CPTPP.
Hi Temstar,

I'm tempted to predict that it will be done this year regarding CHN-SK-JPN FTA, especially regarding the SEMI CONDUCTOR area. SK to take chip lead from Taiwan, JPN to take a bit at the EUVL development and remain relevant in the IC equipment field, both area complement well with China. The way I see it both SK and JPN will had a comfortable working relationship with the Biden administration, with TRUMP both fear to thread that line.
 

ansy1968

Brigadier
Registered Member
Another country with a declining middle class. This is why China needs to grow its domestic base.

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Hi Tam,

Let's look for ways to increase the middle class

1) increase in salary

2) appreciation of Yuan

3) gov't action in providing cheaper and affordable housing

4) more investment in high speed rail to connect the cheaper suburb instead of staying in the expensive city

5) more investment in critical 5G infrastructure to force people to work at home instead of extra expense and time consuming trips

6) increase the working age to 68 yrs old of both sex (so that they can work and earn more instead of a pension)

7) more support for SME, and provide technical assistance to start their business

8) use tech to facilitate more business and convenience.

9) cut red tape

10) health insurance for working family
 

Janiz

Senior Member
Another country with a declining middle class. This is why China needs to grow its domestic base.
This article is more about the changing landscape of the labor market - because of pandemic it turned out that most of the jobs you did from office earlier you can do now on remote. But it's happening all around the world and in almost every developed country.
 

NiuBiDaRen

Brigadier
Registered Member
Another country with a declining middle class. This is why China needs to grow its domestic base.

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An organization to help foreign residents in Japan launch new businesses was founded in December by two business persons born in China, including a noted economist.

Even startups in Japan are led by Chinese people. Japan has been so effectively neutered by America, they're now ballless sacks. No ambition or drive in life, just wanting to hug their plastic waifus. But I guess Japan leads the world in realistic doll production....
 
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