Chinese Economics Thread

Rettam Stacf

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China said on Friday that it would further facilitate foreign institutional investments in its bond market and coordinate the opening-up of the interbank and exchange bond markets.


The country aims to increase the diversity of investors, while improving the liquidity and stability of its bond market, according to a statement jointly issued by the central bank and top securities and foreign exchange regulators.


Measures will be taken to support qualified overseas institutional investors in investing directly or through connectivity in the exchange bond market, and in independently choosing trading venues.


"The investment procedures will be simplified, and market access will be extended to the exchange bond market," said an official with the People's Bank of China, adding that foreign institutional investors will enter the market as legal persons.


The statement will come into effect from June 30, 2022.


The central bank and the foreign-exchange regulator will issue regulations on fund management, unify cross-border fund administration and make clarifications in terms of registration, fund exchange, cross-border income and expenses, and foreign-exchange hedging.

Good defensive strategy. The more foreign investments into Chinese bond, the less likely the West can apply the kind of sanctions on China like they did to Russia without serious repercussion.
 

Chish

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Well IF the survey is to be believed , China had won with Japan verifying it...lol, we appreciate Japan especially its JAV industries, C'mon guys how many Sugoi moment did it give us...lol BUT as an economic partner, she fell short.

From Beijingwalker (Pakistan Defense Forum)

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TOKYO: Nearly half of people surveyed in Southeast Asia picked China as the region's most important partner in the future, surpassing Japan for the first time, according to the results of a Japanese government opinion poll released on Wednesday.
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The Japanese think this was due to China soft power " vaccine depomacy" not hard economic reality.

"The result may reflect China's deepening ties with and increasing its clout in Asean through "vaccine diplomacy" of providing Covid-19 vaccine shots for developing nations, a Foreign Ministry official said."
 

Rettam Stacf

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The Japanese think this was due to China soft power " vaccine depomacy" not hard economic reality.

"The result may reflect China's deepening ties with and increasing its clout in Asean through "vaccine diplomacy" of providing Covid-19 vaccine shots for developing nations, a Foreign Ministry official said."

Wishful thinking by the Japanese, hoping that when the pandemic is over, the opinion will shift back to Japan.

It is a combination of soft power "vaccine diplomacy" and hardware power "economic might", and a slew of other factors such as non-interference of other countries' internal policy etc.

But whatever, Japan can neither compete with China on vaccine diplomacy nor economic might. So would it make any difference for Japan to figure out which is the real reason ?
 

antiterror13

Brigadier
No wonder US Trade Representative Katherine Tai is objecting so strongly against the elimination of tariff on Chinese imports advocated by Secretary of Treasury Yellen and Fed Chairman Powell. She is loosing her leverages to get China to buy more farm products from the US.

All she can do now is just sit and watch as China shifts more and more of her US purchases to the global south and increases her international influence at the same time. At the end of the day, her effectiveness and position as US Trade Representative will be at risk, and may end up losing her job as the sacrificial lamb come election time.

She could be a CCP agent in disguise :rolleyes: ... soon a republican politician would say that, just a matter of time
 

Rettam Stacf

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She could be a CCP agent in disguise :rolleyes: ... soon a republican politician would say that, just a matter of time

Katherine Tai has not accomplished much. Since she became the US Trade Representative, the US trade deficit keep setting new records. She would not have lasted this long if she is in the private industry.


U.S. posts record trade deficit in 2021​

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How the Record Q1 US Trade Deficit Shrank the Economy
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