@Dolcevita
Same with my wife, my collections of GUNDAM Kit models had been put to storage so that she can display those overprice mugs.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
Same with my wife, my collections of GUNDAM Kit models had been put to storage so that she can display those overprice mugs.
Hendrik_2000
Lieutenant General
Via Daniel 808 The day Aussi monopolize iron import is coming to a close
China Replaces Australian Iron Ore, Coal Imports with African Alternatives
By
Published: Feb 06, 2021 04:33 PM
File photo: An FMG iron ore mining site Photo: cnsphoto
Just about one year after Scott Morrison's government decided to further sour China-Australia ties by calling for a weapons-inspector style investigation into COVID-19's origins while China was in the midst of containing the novel coronavirus, Chinese ports are beginning to receive hundreds of thousands of tons of coal and a full shipload of iron ore from Sierra Leone, a sign that does not bode well for Australia, as it shows how easy China could replace Australia with alternative import sources, even for iron ore and coal, a Chinese observer told the Global Times on Saturday.
The first batch of 160,000 tons of seaborne coal from South Africa, weighing 2,387 tons, was loaded onto trains heading for Nanning, the capital of South China's Guangxi Zhuang Autonomous Region on Thursday, a local media outlet reported.
The coal shipment, arriving after a voyage of over 20 days, is the first load of imports by China from South Africa in five years.
The news of the coal shipment follows a news release posted by the Chinese Embassy in Sierra Leone last week, which said a ship loaded with iron ores mined by the Kingho New Tonkolili Iron Ore Project in the West African country, the very first shipment for the new project, left the Port of Pepel and was heading toward China on January 29.
Chinese analysts closely following China-Australia relations said these two developments are clearly aimed at tackling China's overreliance on coal and iron ore resources from Australia, after a winter of shortage woes for thermal coal and recent runaway iron ore prices sent renewed alerts to Chinese policymakers.
Song Wei, an associate research fellow at the Chinese Academy of International Trade and Economic Cooperation, said despite China's overreliance on Australian iron ore and coal, which has caused quite some hiccups in the past months, recent shipments of the important materials from alternative source countries showed that it is easy for China to replace Australia as its import source.
"China's cooperation with developing countries has been rapidly expanding in recent years, and many of these countries are rich in natural resources and are seeking to achieve economic development and growth themselves via trade," Song said.
Chinese experts told the Global Times that China needs three to five years to invest and develop in African iron ore mines, but some investment projects long started before China-Australian ties soured in 2020.
Despite it being easy for China to replace Australia with alternative trading partners, it will be difficult for Australia, on the other hand, to find alternative exports market to recoup its losses from the Chinese market, experts said.
Australia posted a trade and services surplus of A$72.7 billion ($55.47 billion), an increase of A$5.2 billion on the surplus of A$67.5 billion recorded in 2019 in its balance on goods and services for 2020, data from the Australian Bureau of Statistics showed on Thursday.
However, after a year of trade tensions with China, its largest trading partner, and with the Morrison government choosing to back the Trump administration's anti-China campaign, which ultimately only damaged its relations with China, some sectors are starting to feel the impact of strained bilateral ties.
Wine exports were effectively wiped out in December after China imposed a temporary tariff amid an ongoing anti-dumping investigation, the Wine Australia report showed.
Impacted by a deteriorating China-Australia relationship, China's imports from Australia saw an annual decline of 5.3 percent in US dollar terms, according to Chinese customs data from mid-January.
Australian farmers also warned that the country's trade dispute with China and supply chain disruptions linked to the pandemic will cost the industry $28 billion over the next decade, the Financial Times reported on Friday.
Equally at risk is Australia's services sector, which generates almost as much revenue as the minerals exports for Down Under, Song said.
China's Ministry of Education issued a fresh warning on Friday to students studying in Australia following recent attacks on Chinese in the country and common COVID-19 outbreaks, a move that experts believe could be a result of damaged and still deteriorating China-Australia relations.
China Replaces Australian Iron Ore, Coal Imports with African Alternatives
By
Published: Feb 06, 2021 04:33 PM
File photo: An FMG iron ore mining site Photo: cnsphoto
Just about one year after Scott Morrison's government decided to further sour China-Australia ties by calling for a weapons-inspector style investigation into COVID-19's origins while China was in the midst of containing the novel coronavirus, Chinese ports are beginning to receive hundreds of thousands of tons of coal and a full shipload of iron ore from Sierra Leone, a sign that does not bode well for Australia, as it shows how easy China could replace Australia with alternative import sources, even for iron ore and coal, a Chinese observer told the Global Times on Saturday.
The first batch of 160,000 tons of seaborne coal from South Africa, weighing 2,387 tons, was loaded onto trains heading for Nanning, the capital of South China's Guangxi Zhuang Autonomous Region on Thursday, a local media outlet reported.
The coal shipment, arriving after a voyage of over 20 days, is the first load of imports by China from South Africa in five years.
The news of the coal shipment follows a news release posted by the Chinese Embassy in Sierra Leone last week, which said a ship loaded with iron ores mined by the Kingho New Tonkolili Iron Ore Project in the West African country, the very first shipment for the new project, left the Port of Pepel and was heading toward China on January 29.
Chinese analysts closely following China-Australia relations said these two developments are clearly aimed at tackling China's overreliance on coal and iron ore resources from Australia, after a winter of shortage woes for thermal coal and recent runaway iron ore prices sent renewed alerts to Chinese policymakers.
Song Wei, an associate research fellow at the Chinese Academy of International Trade and Economic Cooperation, said despite China's overreliance on Australian iron ore and coal, which has caused quite some hiccups in the past months, recent shipments of the important materials from alternative source countries showed that it is easy for China to replace Australia as its import source.
"China's cooperation with developing countries has been rapidly expanding in recent years, and many of these countries are rich in natural resources and are seeking to achieve economic development and growth themselves via trade," Song said.
Chinese experts told the Global Times that China needs three to five years to invest and develop in African iron ore mines, but some investment projects long started before China-Australian ties soured in 2020.
Despite it being easy for China to replace Australia with alternative trading partners, it will be difficult for Australia, on the other hand, to find alternative exports market to recoup its losses from the Chinese market, experts said.
Australia posted a trade and services surplus of A$72.7 billion ($55.47 billion), an increase of A$5.2 billion on the surplus of A$67.5 billion recorded in 2019 in its balance on goods and services for 2020, data from the Australian Bureau of Statistics showed on Thursday.
However, after a year of trade tensions with China, its largest trading partner, and with the Morrison government choosing to back the Trump administration's anti-China campaign, which ultimately only damaged its relations with China, some sectors are starting to feel the impact of strained bilateral ties.
Wine exports were effectively wiped out in December after China imposed a temporary tariff amid an ongoing anti-dumping investigation, the Wine Australia report showed.
Impacted by a deteriorating China-Australia relationship, China's imports from Australia saw an annual decline of 5.3 percent in US dollar terms, according to Chinese customs data from mid-January.
Australian farmers also warned that the country's trade dispute with China and supply chain disruptions linked to the pandemic will cost the industry $28 billion over the next decade, the Financial Times reported on Friday.
Equally at risk is Australia's services sector, which generates almost as much revenue as the minerals exports for Down Under, Song said.
China's Ministry of Education issued a fresh warning on Friday to students studying in Australia following recent attacks on Chinese in the country and common COVID-19 outbreaks, a move that experts believe could be a result of damaged and still deteriorating China-Australia relations.
China needs to break the iron ore back of Australia's economy; think of it like this, why give money to people committed to the enslavement and death of your own people?Via Daniel 808 The day Aussi monopolize iron import is coming to a close
China Replaces Australian Iron Ore, Coal Imports with African Alternatives
By
Published: Feb 06, 2021 04:33 PM
File photo: An FMG iron ore mining site Photo: cnsphoto
Just about one year after Scott Morrison's government decided to further sour China-Australia ties by calling for a weapons-inspector style investigation into COVID-19's origins while China was in the midst of containing the novel coronavirus, Chinese ports are beginning to receive hundreds of thousands of tons of coal and a full shipload of iron ore from Sierra Leone, a sign that does not bode well for Australia, as it shows how easy China could replace Australia with alternative import sources, even for iron ore and coal, a Chinese observer told the Global Times on Saturday.
The first batch of 160,000 tons of seaborne coal from South Africa, weighing 2,387 tons, was loaded onto trains heading for Nanning, the capital of South China's Guangxi Zhuang Autonomous Region on Thursday, a local media outlet reported.
The coal shipment, arriving after a voyage of over 20 days, is the first load of imports by China from South Africa in five years.
The news of the coal shipment follows a news release posted by the Chinese Embassy in Sierra Leone last week, which said a ship loaded with iron ores mined by the Kingho New Tonkolili Iron Ore Project in the West African country, the very first shipment for the new project, left the Port of Pepel and was heading toward China on January 29.
Chinese analysts closely following China-Australia relations said these two developments are clearly aimed at tackling China's overreliance on coal and iron ore resources from Australia, after a winter of shortage woes for thermal coal and recent runaway iron ore prices sent renewed alerts to Chinese policymakers.
Song Wei, an associate research fellow at the Chinese Academy of International Trade and Economic Cooperation, said despite China's overreliance on Australian iron ore and coal, which has caused quite some hiccups in the past months, recent shipments of the important materials from alternative source countries showed that it is easy for China to replace Australia as its import source.
"China's cooperation with developing countries has been rapidly expanding in recent years, and many of these countries are rich in natural resources and are seeking to achieve economic development and growth themselves via trade," Song said.
Chinese experts told the Global Times that China needs three to five years to invest and develop in African iron ore mines, but some investment projects long started before China-Australian ties soured in 2020.
Despite it being easy for China to replace Australia with alternative trading partners, it will be difficult for Australia, on the other hand, to find alternative exports market to recoup its losses from the Chinese market, experts said.
Australia posted a trade and services surplus of A$72.7 billion ($55.47 billion), an increase of A$5.2 billion on the surplus of A$67.5 billion recorded in 2019 in its balance on goods and services for 2020, data from the Australian Bureau of Statistics showed on Thursday.
However, after a year of trade tensions with China, its largest trading partner, and with the Morrison government choosing to back the Trump administration's anti-China campaign, which ultimately only damaged its relations with China, some sectors are starting to feel the impact of strained bilateral ties.
Wine exports were effectively wiped out in December after China imposed a temporary tariff amid an ongoing anti-dumping investigation, the Wine Australia report showed.
Impacted by a deteriorating China-Australia relationship, China's imports from Australia saw an annual decline of 5.3 percent in US dollar terms, according to Chinese customs data from mid-January.
Australian farmers also warned that the country's trade dispute with China and supply chain disruptions linked to the pandemic will cost the industry $28 billion over the next decade, the Financial Times reported on Friday.
Equally at risk is Australia's services sector, which generates almost as much revenue as the minerals exports for Down Under, Song said.
China's Ministry of Education issued a fresh warning on Friday to students studying in Australia following recent attacks on Chinese in the country and common COVID-19 outbreaks, a move that experts believe could be a result of damaged and still deteriorating China-Australia relations.
Already, the anglos are trying to start up rare earth mines outside of China, see to it that they are destroyed economically.
solarz
Brigadier
Doesn't seem like she gets it. They're not doing it for "clicks", they're doing it for global influence. This is realpolitiks.
It's part of war.
The Anglo US alliance along with their western political allies hold global domination through financial hegemony. There is an internal pecking order as evidenced by some European preference for greater sovereignty and separation from US influence on trade matters. This secures their access to a disproportionately high share of global resources and human labour.
Domination is cemented by hard power and soft power. Without the means of engaging adversary nations/ civilisation groups that challenge their hegemony in terms of hardpower (at least without very heavy tolls and potential destruction), they wield their soft power.
This is the psychological warfare element within the US' multidimensional war on China that is in full swing now. Something we all feel. Trade war is yet another dimension in their reluctance to use direct kinetic force. Pushed far enough if these alternative methods fail, they will only have the option to concede into a multipolar world and lose absolute hegemony, or engage China in kinetic war. Maybe both those options will give way to some closed door negotiations where neither side will pay lip service to these lower dimension posturing and come together with real understanding of each other (tenet 1 of Art of War). This means they get to keep middle eastern influence, Israeli ambitions, and political influence in western Europe as trade relations between east and west improve through greater tolerance of China's trade ambitions. A compromise is honestly the best way to avoid kinetic war and a disorganised tussle which was the case under Trump.
Never forget history lessons how the US wields hard power without a seconds thought and prefers soft power to disrupt its competitors like Russia and China. Even against Iran their willingness to use hard power is relegated to funding smaller militant groups and work against Iranian interests in a variety of methods with emphasis on soft power and trade. Against North Korea it is even more limited ONLY because China stands by NK in a military commitment, and so US actions toward NK are not even as broad as it is against Iran.
US and China are already at war and have been since Obama came into office. I don't know how anyone could honestly think otherwise. What we're seeing in the propaganda sphere is simply an evolution of Thucydides' trap and it'll only get worse until the key figures sit down together properly.
US and China are already at war and have been since Obama came into office. I don't know how anyone could honestly think otherwise. What we're seeing in the propaganda sphere is simply an evolution of Thucydides' trap and it'll only get worse until the key figures sit down together properly.
Just remember, the US has already been waging war against black people, muslims, you name it. If you live in America and you have western co-workers, understand a good majority have no qualms about bringing maximum harm to your families back in China, and you should apply your interactions accordingly.
The fact that not all chinese members of the forum are armed to the maximum extent permissible under your countries respective laws is naivete at best, and putting your family in danger at worse.