Chinese Economics Thread

D

Deleted member 15887

Guest
zbb said:
Please, Log in or Register to view URLs content!
(in $billions)

2011 -- 725
2012 -- 730
2013 -- 689
2014 -- 734
2015 -- 745
2016 -- 735
2017 -- 792 <--- First year of Trump's presidency
2018 -- 872 <--- Full onset of US-China trade war
2019 -- 854
2020 -- 905

US trade deficit in goods with the world had been fairly stable in the six years before Trump took office. After Trump took office, the deficit ballooned, especially after the full onset of the US-China trade war.

This shouldn't be a surprise to anyone. Almost all of China's exports to the US compete with goods exported by other countries, not with American domestic production. You simply pay more when you turn away from the most efficient supplier and buy instead from more expensive and less efficient suppliers.
Click to expand...
I think that WSJ article was referring to tariffed goods only.... like alot of Chinese imports aren't tariffed at 25%, or tariffed at all lol.

In 2020 there was an upward trend in Chinese exports to America, prolly as a result of increased purchases of higher-tech Chinese goods (phones, electronics, equipment), with declining exports in cheap plastic toys, clothes, and shoes due to tariffs+production shifts to lower-wage countries. Overall Chinese exports to the world increased, with China exporting more intermediate and finished goods to ASEAN and EU countries.
 
Last edited by a moderator:
E

emblem21

Major
Registered Member
voyager1 said:
Americans have wet dreams now.

Just wait and they will soon start congratulate themselves for "owning" China
Click to expand...
Lol with the shortages they will have now and into the future, they won’t be able to purchase any goods. Oh well, these people are hateful and stupid after all
 
V

voyager1

Captain
Registered Member
Please, Log in or Register to view URLs content!
Chinese ecommerce group Alibaba swung to its first quarterly loss since its US listing six years ago as a record fine levied by Beijing authorities weighed on its earnings
Click to expand...
Whatever, get on with it


Here is whats interesting
Zhang said the company had accepted the record antitrust penalty “with sincerity” and would ensure future compliance “with determination”.
Click to expand...
Very good, bow down ala Japanese style and accept your punishment

He added it had helped them reflect on their “social responsibilities and commitments”.
Click to expand...
Translation:
Keep doing garbage R&D like trying to destroy the street vendors business and you will get hit again. You should take the nation's interests at heart and focus on that, not on the small guy

It seems they have learnt their lesson
 
steel21

steel21

Junior Member
Registered Member
voyager1 said:
Look at that sweet projected GDP PPP number. US Panik!
View attachment 72047

Projected
View attachment 72048
!!!
View attachment 72049


Click to expand...
I think by 2030, China's GDP per capita (in 2019 dollars) could be as high as $30k USD, and as high as $40k by 2035.

This project assume continuation of current trends.

As we converge on the inflection point, a lot of thing could move rapidly. For one thing, once US loses the top spot, the dollar could devalue precipitously. Since the US economy is build primarily on the primacy of the dollar and domestic consumption, devaluation could tank EVERYTHING!

Look around, do you seriously believe everyone's going to make $90k (or a new MB S-Class, since purchasing power is shifting) a year?

There should be far more panic than the graph would suggest.........
 
You must log in or register to reply here.
Top