Chinese Economics Thread

Strangelove

Strangelove

Colonel
Registered Member
hullopilllw said:
Which is probably a big mistake ? I dont ever see Chinese financial firms getting a chance at US & EU capital markets.
And that is not even considering the danger of allowing chinese savings to work for US capitalist(Wallstreet) interest.
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For China, CAI was primarily about buying the Europeans geopolitically, pulling them away from the US. But the virtue signal ended that. Credit to the Amerikkkans, they have their dicks and hands up so far up European asses that it's literally a puppet show.

Via CAI, China also would've got some food certification concession from the EU, allowing Chinese food products to enter EU market easier, but those are small numbers.

Meantime US firms Vanguard and Goldman Sach are massively expanding in Shanghai, at European expense. Vanguard closed its Hong Kong office and moved top staff to Shanghai while GS is making 400+ new hires there...insane.

With bigger Wall St footprint in China, Wall St is now a de facto China lobby.
 
V

voyager1

Captain
Registered Member
Good article
This year is a dream come true for China. With the expected growth so high, there is ample room for big reforms on the structure of the Chinese economy.

As a share of the GDP, investment should go down, manufacturing stay the same or increase a bit, and consumption needs to increase dramatically.

The foreign investment law is very encouraging, however the data security law increases compliance costs. Things should be kept in balance, and more reforms must be undertaken to solve structural issues

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Team Blue

Team Blue

Junior Member
Registered Member
Strangelove said:
The Comprehensive Agreement on Investment (CAI) with the EU was supposed to partially open up China's asset management, insurance and equity brokerage markets to European firms, which having spent 2 decades in a saturated & mature home market, are just drooling at the prospects of Chinese money.

But the Europeans fucked themselves with EU parliamentary virtue signalling and stupidity in eating up US fake news.
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I am willing to take on the responsibility to manage Chinese money.

Any money, really. Rent for four is expensive.
 
N

nlalyst

Junior Member
Registered Member
sndef888 said:
From what I've heard the Song dynasty was on the verge of an industrial revolution until the Mongols destroyed its progress and turned China into an insular nation even after the fall of the Yuan
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The first emperor of the Ming did quite a bit of lasting damage. Just as one example, he seriously undermined the imperial bureaucracy by abolishing the central secretariat and prime ministership and beginning to rule the country through his personal entourage of thousands of trusted eunuchs.
 
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