Chinese Economics Thread

[sndef888]

Bro remember the The Comprehensive Agreement on Investment or CAI, well EU hadn't approved it yet due to the US insistence so for China it's a godsent, meaning the Chinese hadn't boarded the sinking ship...lol Now without these bilateral agreement, China can pick and choose what the Europeans can bring and the Chinese investment will go elsewhere within the BRI or in Russia.

China initially thought Europe would be an important third pole and thus sought to slowly pry it away from US influence using the CAI as a bribe

Who knew just 2 years later Europe would destroy themselves. Now the future looks like there will only be 2 poles, the US and its colonies (UK, AUS, Japan, Korea) vs China and economic partners.

Now that Europe is looking to fade into irrelevancy, the job of China's europe strategy policymakers has gotten a lot simpler.

 

[Overbom]

Bro remember the The Comprehensive Agreement on Investment or CAI, well EU hadn't approved it yet due to the US insistence so for China it's a godsent, meaning the Chinese hadn't boarded the sinking ship...lol Now without these bilateral agreement, China can pick and choose what the Europeans can bring and the Chinese investment will go elsewhere within the BRI or in Russia.

Indeed, a blessing in disguise.
We gave up way too many compromises because we thought that Europe was going to be the third pole, that was a terrible deal.

Probably the only "miss" by Xi so far (good try though). However i don't blame him because nobody in the world thought that European leaders were so stupid and CIA-agents.

So yeah, pick and choose. No need to treat them seriously. We only need to speak with one daddy, daddy America, to deal with the western world. This makes the work much easier

 

[ansy1968]

China initially thought Europe would be an important third pole and thus sought to slowly pry it away from US influence using the CAI as a bribe

Who knew just 2 years later Europe would destroy themselves. Now the future looks like there will only be 2 poles, the US and its colonies (UK, AUS, Japan, Korea) vs China and economic partners.

Now that Europe is looking to fade into irrelevancy, the job of China's europe strategy policymakers has gotten a lot simpler.

It's a parting gift to Merkle by Xi, lets be honest those two had a secret relationship...lol, Well I always say GOD loves the Chinese, In fact I'm guessing God is a Chinese and We're the Chosen people.

 

[ansy1968]

Indeed, a blessing in disguise.
We gave up way too many compromises because we thought that Europe was going to be the third pole, that was a terrible deal.

Probably the only "miss" by Xi so far (good try though). However i don't blame him because nobody in the world thought that European leaders were so stupid and CIA-agents.

So yeah, pick and choose. No need to treat them seriously. We only need to speak with one daddy, daddy America, to deal with the western world. This makes the work much easier

In a way bro, Xi offer may have convince many European business leaders and industrialist to partake in Made in China 2025. And the chasm between them and the EU political establishment had widened. With ASML setting the example by defying the US, the German BASF and the Swiss ABB investing heavily in China, you can see the trend, without Xi initiative those EU company may have some second thought.

 

[Strangelove]

Indeed, a blessing in disguise.
We gave up way too many compromises because we thought that Europe was going to be the third pole, that was a terrible deal.

Probably the only "miss" by Xi so far (good try though). However i don't blame him because nobody in the world thought that European leaders were so stupid and CIA-agents.

So yeah, pick and choose. No need to treat them seriously. We only need to speak with one daddy, daddy America, to deal with the western world. This makes the work much easier

Very much indeed, we were about to open up our asset management and insurance sectors, among others, as part of the CAI. I could almost kiss the amerikkkunts for ruining the deal.

 

[Overbom]

Very much indeed, we were about to open up our asset management and insurance sectors, among others, as part of the CAI. I could almost kiss the amerikkkunts for ruining the deal.

There were a lot of compromises given. Here is a summary of them:

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• Financial services: China had already started the process of gradually liberalising the financial services sector and will grant and commit to keep that opening to EU investors. Joint venture requirements and foreign equity caps have been removed for banking, trading in securities and insurance (including reinsurance), as well as asset management.

• Health (private hospitals): China will offer new market opening by lifting joint venture requirements for private hospitals in key Chinese cities, including Beijing, Shanghai, Tianjin, Guangzhou and Shenzhen .

• Telecommunication/Cloud services: China has agreed to lift the investment ban for cloud services. They will now be open to EU investors subject to a 50% equity cap.

• Computer services: China has agreed to bind market access for computer services - a significant improvement from the current situation. Also, China will include a ‘technology neutrality' clause, which would ensure that equity caps imposed for value-added telecom services will not be applied to other services such as financial, logistics, medical etc. if offered online.

• International maritime transport: China will allow investment in the relevant land-based auxiliary activities, enabling EU companies to invest without restriction in cargo-handling, container depots and stations, maritime agencies, etc. This will allow EU companies to organise a full range of multi-modal door-to-door transport, including the domestic leg of international maritime transport.

• Air transport-related services: While the CAI does not address traffic rights because they are subject to separate aviation agreements, China will open up in the key areas of computer reservation systems, ground handling and selling and marketing services. China has also removed its minimum capital requirement for rental and leasing of aircraft without crew, going beyond GATS.

• Business services: China will eliminate joint venture requirements in real estate services, rental and leasing services, repair and maintenance for transport, advertising, market research, management consulting and translation services, etc.

• Environmental services: China will remove joint venture requirements in environmental services such as sewage, noise abatement, solid waste disposal, cleaning of exhaust gases, nature and landscape protection, sanitations and other environmental services.

• Construction services: China will eliminate the project limitations currently reserved in their GATS commitments.

• Employees of EU investors: Managers and specialists of EU companies will be allowed to work up to three years in Chinese subsidiaries, without restrictions such as labour market tests or quotas. Representatives of EU investors will be allowed to visit freely prior to making an investment.

 

[FairAndUnbiased]

Indeed, a blessing in disguise.
We gave up way too many compromises because we thought that Europe was going to be the third pole, that was a terrible deal.

Probably the only "miss" by Xi so far (good try though). However i don't blame him because nobody in the world thought that European leaders were so stupid and CIA-agents.

So yeah, pick and choose. No need to treat them seriously. We only need to speak with one daddy, daddy America, to deal with the western world. This makes the work much easier

well, it's kind of like trading Russia for Europe to mutually eliminate each other's relevance. Trading 10% of 1.6 trillion USD GDP and some Russian military units to shave a few trillion USD off EU GDP but also creating a refugee crisis, energy crisis and currency devaluation crisis simultaneously is a good deal for China.

It isn't a good trade for Russia since they are having trouble on the ground but thanks to EU destroying its own economy its a great trade for China.

 

[Coalescence]

There were a lot of compromises given. Here is a summary of them:

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What benefit was the CPC trying to get here to be willing to give a lot of compromises to EU? I'm honestly worried if the EU saw this as a sign of weakness displayed by China.

 

[Overbom]

What benefit was the CPC trying to get here to be willing to give a lot of compromises to EU? I'm honestly worried if the EU saw this as a sign of weakness displayed by China.

This was answered above by me and another member:

China initially thought Europe would be an important third pole and thus sought to slowly pry it away from US influence using the CAI as a bribe

Who knew just 2 years later Europe would destroy themselves. Now the future looks like there will only be 2 poles, the US and its colonies (UK, AUS, Japan, Korea) vs China and economic partners.

Now that Europe is looking to fade into irrelevancy, the job of China's europe strategy policymakers has gotten a lot simpler.

Indeed, a blessing in disguise.
We gave up way too many compromises because we thought that Europe was going to be the third pole, that was a terrible deal.

Probably the only "miss" by Xi so far (good try though). However i don't blame him because nobody in the world thought that European leaders were so stupid and CIA-agents.

So yeah, pick and choose. No need to treat them seriously. We only need to speak with one daddy, daddy America, to deal with the western world. This makes the work much easier

 

[ansy1968]

What benefit was the CPC trying to get here to be willing to give a lot of compromises to EU? I'm honestly worried if the EU saw this as a sign of weakness displayed by China.

Bro prying the Europeans away from the US and also having its tech. The American and its so called allies like SK, Japan and the EU compete with each other for market share in CHINA and the Chinese try to leverage it. So in a way playing with the big boys you win some you lose some.

About Xi, he is a believer in Confucian thinking, always looking for a win win solution. It's a Chinese way of doing business and of diplomacy. China is able to maximized its international profile under Xi leadership, setting his agenda and abandoning Deng dictum of hiding one strength, there will be misses, near miss and some success as the new policy is only a decade old, we learn as we go BUT Xi policy is here to stay and the Chinese will become better as she rise in prominence.