Chinese Economics Thread

[Strangelove]

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Goldman Sachs is hiring 400+ staff in Shanghai, Vanguard closed its HK office last year and moved senior staff to Shanghai. The pros go where the action is while US politicans and western media continue bitching and whining.

 

[NiuBiDaRen]

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Goldman Sachs is hiring 400+ staff in Shanghai, Vanguard closed its HK office last year and moved senior staff to Shanghai. The pros go where the action is while US politicans and western media continue bitching and whining.

Wait what. They were saying Beijing strangulating HK means the end of China's financial hub status

 

[xypher]

Wait what. They were saying Beijing strangulating HK means the end of China's financial hub status

They say a lot of stuff. Like "predicting" that China is going to collapse every year.

 

[Hendrik_2000]

China keep finding oil in domestic field. It is still drop in a bucket but any oil find mean less dependent on import. This time around in Shengli 2nd largest oil field

The Shengli Oilfield affiliated to Sinopec in Dongying, East China's Shandong Province, reported a discovery of 458 million tonnes of shale oil, and a shale oil reserve of more than 4 billion tonnes after pilot exploration, according to the China Petrochemical Corporation (SINOPEC). According to Sinopec, aside from China, only the U.S. has the capability to extract shale oil at present. The Shengli Oilfield's newly discovered shale oil reserve is likely to play a significant role in safeguarding the country's energy security.

 

[escobar]

https://twitter.com/i/web/status/1456279705728942083

 

[Overbom]

Interesting that China might want to talk about Industry subsidies, also mentioned plans to increase imports

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he [Xi] mentioned a number of policies to expand imports, including:

Building new demonstration zones for import facilitation;

Increasing imports from neighboring countries;

Further shortening the negative list for foreign investment, and expanding the opening up of telecommunications, health care and other services in an orderly manner;

Revising and expanding a catalogue of industries where foreign investment is encouraged;

Publishing negative lists for service trade in the country’s free trade zones

 

[Overbom]

https://twitter.com/i/web/status/1456279705728942083

Gigantic deal. Lots of money for the US on this.

Global Times frames this deal in terms of "clear progress for phase 1 deal".

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"The deal will surely be included in the calculations of the phase one trade deal, and is a solid demonstration indicating China is carrying out its promises," Gao Lingyun, an expert at the Chinese Academy of Social Sciences in Beijing who closely follows China-US trade talks, told the Global Times on Thursday.

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With China-US LNG deal signed on Thursday, industry observers also cautioned that as China's LNG trade with the US increases, Australia, a main LNG supplier for China, will stand to be the biggest loser.

Lol. The US literally just stole from Australian exports to China

 

[NiuBiDaRen]

Gigantic deal. Lots of money for the US on this.

Global Times frames this deal in terms of "clear progress for phase 1 deal".

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Lol. The US literally just stole from Australian exports to China

I haven't read Art of War but this has got to be something about fomenting divisions within the enemy

 

[Overbom]

I haven't read Art of War but this has got to be something about fomenting divisions within the enemy

Just to give you the scale this.

The 4 million ton/year for a total of 20 years is expected to cost China, $30 billion! (total cost for 20 years)

 

[xypher]

Lol. The US literally just stole from Australian exports to China

The art of the deal (c) Aussies have only themselves to blame for selecting a clown.