Chinese Economics Thread

[hkbc]

But it mentions that impact will be temporary because State Media isn't pursuing this anymore. Looks like CPC loves giving second chances to foreign brands.

H&M was a warning shot across the bow, as a trading nation China, doesn't want to shut it self off from the world or necessarily alienate global business, H&M was the unlucky recipient of the message, mess with us at your peril. Now BCI has had to walk back its accusations and the West (US aside) is quietly walking away from the Xinjian issue and moving on to attacking Russia the status quo returns (except for H&M). The next time it looks like its going to flare up they'll just quietly whisper 'remember H&M'!

Maybe read and understand Sun Tzu a bit more instead of the Old Testament, its never about an eye for a eye with the Chinese

 

[Temstar]

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I love growth, but I love "unexpected acceleration in growth" even more.

 

[caudaceus]

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I love growth, but I love "unexpected acceleration in growth" even more.

My question is why all of this rapid trade growth don't translate into higher growth or stronger Yuan. Where's the excess dollar stored?

 

[KYli]

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[hkbc]

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IPOs are not about investment in companies its about cashing in/out for the investors, the change doesn't impact the companies just the investors! Enjoyed the false narrative about technology firms smarting from months of clamp downs, its not like Ant could have left China and set up shop somewhere else, and Tencent is getting deals made a decade ago retroactively reviewed by US regulators.

Our regulation good (FAA in bed with Boeing, anyone!) yours bad! Welcome to doublespeak and Animal farm!

 

[Team Blue]

Those poor tech companies having to deal with *checks notes* minimal standards and regulations.

 

[zbb]

But it mentions that impact will be temporary because State Media isn't pursuing this anymore. Looks like CPC loves giving second chances to foreign brands.

Anta, Li-Ning, and other Chinese apparel companies should run advertising campaigns to keep this issue in the public spot light. E.g., adding something like "proudly made using Xinjiang cotton" to their ads would do a lot to remind people about how these foreign brands behaved.

 

[Hendrik_2000]

China economy is at goldilock stage, export is surging while inflation is low according to BofA economist

BofA Says China's Economy at Almost Goldilocks Situation​

May 6th, 2021, 10:59 PM CDT
Helen Qiao, head of Asia Pacific economics and Greater China economist at Bank of America Global Research, discusses the outlook for the world's second-largest economy, policies and currency. She speaks with Haslinda Amin and Rishaad Salamat on "Bloomberg Markets: Asia." (Source: Bloomberg)

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While US dependency on Chinese export keep rising so where is trade war? It is clearly a fail policy that should be discarded but Biden admin become the prisoner of anti China sentiment in US

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China-US trade rises 50% Jan-Apr, highlighting inseparable bilateral economic ties
By Global TimesPublished: May 07, 2021 03:37

In the first four months of the year, China’s trade with the US rose 50.3 percent year-on-year to 1.44 trillion yuan ($222.8 billion), making the US its third largest trading partner after the Association of Southeast Asian Nations (ASEAN) and EU economies, according to data from the General Administration of Customs on Friday.

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[Orthan]

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Giving more subsidies to the SOE´s is another example of the chinese government not moving towards more of a market-driven, less state-intervention, economy. They need to become more efficient and productive. Otherwise, they will indefinitly stay an export-dependent economy, that is, until they become too expensive to export. Then what?

 

[horse]

My question is why all of this rapid trade growth don't translate into higher growth or stronger Yuan. Where's the excess dollar stored?

That is a good question.

Since the CCP runs a fixed rate regime, they probably know the answer.

My guess is that a big decline of the USD would be destabilizing for the world economy, hence they would avoid that.

A slow decline over time seems less destabilizing. Especially now when the world economy is still uncertain, especially in Europe.

However, these things no one can control. Shock devaluations more of the historical norm it seems like. Heh.