Chinese Economics Thread
- Thread starter Norfolk
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The article assumes that it'll just be a reshuffle of trade relations where Australia will just sell their ore elsewhere. What they ignore is that new iron ore extraction is coming online. Plus there is no client as large as China. So while Australia will still sell some of their products, it is doubtful that once new iron ore production elsewhere comes online Australia will ever export as much as it does right now.
An interesting Youtube video by Cyrus Janssen:
Janssen asks the following question: Why does Western media lie so much about China, portraying it in a consistently negative light? His answer: jealousy.
I am writing in the Economics section because the 16-minute video contains two stunning maps of the world at 12:01. The maps were made from the IMF's direction-of-trade statistics; they show which countries (in blue) have the US as their main supplier, and which (in red) have China as their main supplier. In the first map, for the year 2000, few countries are red. In the second map, for 2019, nearly the whole world is red!
I would post the screenshots of the maps here, but I don't know how to remove the Youtube decorations.
Janssen asks the following question: Why does Western media lie so much about China, portraying it in a consistently negative light? His answer: jealousy.
I am writing in the Economics section because the 16-minute video contains two stunning maps of the world at 12:01. The maps were made from the IMF's direction-of-trade statistics; they show which countries (in blue) have the US as their main supplier, and which (in red) have China as their main supplier. In the first map, for the year 2000, few countries are red. In the second map, for 2019, nearly the whole world is red!
I would post the screenshots of the maps here, but I don't know how to remove the Youtube decorations.
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The difference is that EU has the economic muscle to demand trade concessions. UK on the other hand is a tiny island with 1/6th the GDP of China and is already in economic tatters post Brexit . UK has absolutely no leverage to demand any concessions.
Also because Britain is badly impacted by COVID.
Well they lost the leverage as soon as Brexit has been finalized. They hold no cards, literally.
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Well, someone (sorry, I forget who) mentioned that each Chinese citizen can send only $50,000 a year out of the country. If that limit applies to corporations as well, then yes, there's nothing to worry about.
Hendrik_2000
Lieutenant General
China keep finding oil in her offshore . Now that they have the technology of finding oil in offshore more and more news like this will crop up. No problem with building drilling platform or production platform. They just barely scratch the surface of exploring oil offshore. Now this find is important because it is close to major economic center of Liaodong peninsula