Chinese Economics Thread

tphuang

tphuang

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btw everyone. I think we should spend less time thinking about certain random online takes and more about what China will do in the coming days. The current banking crisis in Western world will have wide ranging effect. Given continued weakness in europe/america demand, does it make sense for Chinese gov't to try stimulus package. That's an unknown for me.

It's also good to see how China gets affected by a 2023 Western banking crisis vs a 2008 one. Back then, there was obvious slow down due to collapsing export to Western countries. Now with a larger domestic economy size + trades with other countries, the current crisis hasn't affected them as much, yet.
 
A

Andy1974

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tphuang said:
btw everyone. I think we should spend less time thinking about certain random online takes and more about what China will do in the coming days. The current banking crisis in Western world will have wide ranging effect. Given continued weakness in europe/america demand, does it make sense for Chinese gov't to try stimulus package. That's an unknown for me.

It's also good to see how China gets affected by a 2023 Western banking crisis vs a 2008 one. Back then, there was obvious slow down due to collapsing export to Western countries. Now with a larger domestic economy size + trades with other countries, the current crisis hasn't affected them as much, yet.
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I think this is it:
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China aims to set up new intl financial governance system along BRI
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coolgod

coolgod

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tphuang said:
btw everyone. I think we should spend less time thinking about certain random online takes and more about what China will do in the coming days. The current banking crisis in Western world will have wide ranging effect. Given continued weakness in europe/america demand, does it make sense for Chinese gov't to try stimulus package. That's an unknown for me.

It's also good to see how China gets affected by a 2023 Western banking crisis vs a 2008 one. Back then, there was obvious slow down due to collapsing export to Western countries. Now with a larger domestic economy size + trades with other countries, the current crisis hasn't affected them as much, yet.
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Andy1974 said:
I think this is it:
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G20 was basically created/promoted to solve the 2008 financial crisis. Its probably not a coincidence that BRICS+ is promoted heavily nowadays :)
 
supercat

supercat

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tphuang said:
Given continued weakness in europe/america demand, does it make sense for Chinese gov't to try stimulus package. That's an unknown for me.
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If needed, Chinese government can stimulate the economy as they wish because of China's low inflation rate, which is not the case for the US and many European countries.

More coupling instead of decoupling:
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sunnymaxi

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China has recently discovered a huge gold deposit with a reserve of nearly 50 tonnes, which can be sold for around $3 billion at the current market price.

The deposit is located in rural Rushan City in eastern China's Shandong Province, according to the province's mineral resource authority.

"The deposit covers a large area," said the Shandong Provincial Bureau of Geology and Mineral Resources. "The ores are easy to mine and dress."

Shandong Province is rich in gold resources, with a larger production than any other provincial area across China for the past four decades.

"The prospectors drilled more than 250 holes as deep as 1,400 meters to find the deposit," Zhou Mingling, deputy head of the 6th Geological Brigade at the bureau, told local media Dazhong Daily.

A government evaluation found that the deposit can produce 2,000 tonnes of gold ores for at least 20 years
 
luosifen

luosifen

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Some of the China-Iran deals kicking in:

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Shanghai imports first batch of Iranian orange by air

By Global Times Published: Mar 20, 2023 01:36 PM

An Iranian vendor places fruites in a market on March 15, 2023. Photo: VCG

An Iranian vendor places fruites in a market on March 15, 2023. Photo: VCG
The first batch of 1,780-kilogram oranges originated in Iran was imported to China by air via Shanghai Pudong International Airport, Chinese media outlet thepaper.cn reported on Sunday citing Shanghai Customs, as the two countries further expand bilateral trade in agricultural products sector.

In order to keep oranges fresh, Shanghai Customs has implemented series of convenient clearance procedure. All of the oranges have left the Pudong International Airport at 2 pm on Saturday, and will soon be put on shelves for Chinese consumers while ensuring biosafety and food safety.

China's General Administration of Customs (GAC) on August 31, 2022 signed an agreement with the Iranian Ministry of Agriculture on allowing the import of Iranian oranges to China, the first fruit import agreement between the two countries.

In addition, Iranian apples have been allowed to be imported to China according to the latest bilateral agreement signed on February 21, 2023.

Iran's agricultural output value accounts for 12 percent of its GDP. The annual output of Iranian oranges is about 5.5 million tons, among the top 10 places worldwide, according to the report.

The trade volume between China and Iran in 2022 reached $15.8 billion, up seven percent year-on-year, [with export volume from China to Iran reached $9.44 billion,] increased by 14.3 percent year-on-year, GAC data showed.

Global Times
 
escobar

escobar

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This study presents the first systematic evidence that China's AIIB could unsettle the political influence the United States has enjoyed over developing countries through its leadership of the World Bank. An important set of countries may be parting ways with the World Bank and looking to a Chinese institution for leadership in the world of development.
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sunnymaxi

sunnymaxi

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