China outpace the US in robotics patents. China is the world's largest robotics patents fillers and the us ranks fourth. The US leads in aerospace, medical, military/security and telepresence, as well as robotics patents with artificial intelligence features. China leads in industrial robotics, transportation, agriculture, underwater applications, education and humanoid/exoskeletons.
Chinese Economics Thread
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What would happen after expiration of phase 1 trade deal which will expire on Dec31, 2021 ? More sanction or continuation of whatever happened in last 2 years ?
I think it will be rolled over (continued) while changing some things in the deal so that both sides save "face"
China for "technically" not meeting the purchase commitments.
US for not having the ability to "punish" China for not meeting its purchases commitments lol
They will try to find a way to sweep this under the rug. Obviously, China is the one who is in position of strength this time. So the US is entering the negotiations with a weak hand
I don’t think China is going to be doing the US any favors, especially if they are causing a ruckus about the Olympics at the same time.
China is in a position to extract some concessions in return for rolling the deal over, otherwise what would be the point? China can just buy according to their needs. We might not hear what these concessions are but I think it will be related to cooling heads in America,
Trade deal or not, it’s in Chinas interest to buy things from the US, and they are making headway with States and Cities and local companies.
I think China should continue to buy all the Energy, Food and other Commodities they can from the USA, in long term contracts, using some of it to build up huge stockpiles, while focusing on growing trade directly with US companies and capitalists.
Asean has seen the most growth in trade, which is also a very good thing. Even better for RCEP. Hopefully Russia and Pakistan can also join, although right now there is still opposition in those countries to joining.
Why not just roll over the tarrifs on both sides. Clearly both US and China survived them, and there is no political appetite in US to be seen as caving in. Keeping the status quo of medium levels of tarrifs would allow both sides to spin the narrative to their benefit.
A house of cards is carefully put together.
Meanwhile the situation in certain countries before a financial crash were described as a "flaming dumpster fire".
Chinese men historically had long and well maintained hair, not crew cuts. I regard crew cuts as basically the western version of the Manchu queue.
I think there's a few reasons for this dramatic rise:
1. Covid control. The Chinese economy rebounded earlier while other competing export economies struggled with new variants, resulting in more market share.
2. Covid-related exports: PPE, vaccines
3. China produced 57% of the world's steel in 2020. The steel price was increased as a response to increase in iron ore prices (and also a strategic move to export inflation).
Probably more to it but just some off the top.