Chinese Economics Thread

CMP

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Chinese coercion is not just largely ineffective but it creates long-term strategic costs for China
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Why are you posting USG-approved/funded anti-China propaganda? Coercion works really well for the US, so I'd be more interested in seeing a real analysis of why coercion works for them but not for us, though I already have a ton of good answers to that question. Beats the hell out of propaganda that suggests that the US does not and never has been one to coerce.

And all this despite the fact that I actually do agree that China should completely refrain from use of coercion.
 

Bellum_Romanum

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Chinese economic coercion is not just largely ineffective but it creates long-term strategic costs for China
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China should just invade those damn countries and spend TRILLIONS so it can guarantee success with its long term political and economic goals huh... Lol
 

Bellum_Romanum

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Why are you posting USG-approved/funded anti-China propaganda? Coercion works really well for the US, so I'd be more interested in seeing a real analysis of why coercion works for them but not for us, though I already have a ton of good answers to that question. Beats the hell out of propaganda that suggests that the US does not and never has been one to coerce.

And all this despite the fact that I actually do agree that China should completely refrain from use of coercion.
Just to post the usual arguments put forth by anti-China zealots (not talking about @escobar ) so that we are more than aware of the ever shifting anti-China narrative cooked up in the insidious heads of these colonial western thinkers. Nothing wrong with that.
 

Ash46

New Member
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It seems to have been fairly effective with Australia whose new leaders are no longer taking every opportunity to disrespect and slander China
Maybe I'm out of the loop but wasn't the biggest concern of China from Aus was that they were planning to subsidise militarisation of Westpac for us and they haven't refrained from that yet. Bunch of wolves hiding their real intentions of war with sugarcoated words shouldn't fool us. I mean I am appalled china recently allowed Australian coal again...imagine making money from us and using that to point a gun towards us.
Can anyone here conclude how the trade relation of Aus with china across multiple sectors have changed since last three years?(in context of education, future mines to wean off aus imports and such) Or point to the post where it has been discussed
 

SanWenYu

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Confirmed reserve of the rich iron ores found in Shangdong has reached 80 million tons. It is expected to reach 380 million tons in long term.

From 2011 to 2020, the total confirmed reserve of iron ores has increased by 2.817 billion tons in the same area.

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品位56.63%!山东新发现富铁矿1400万吨​

近日,山东省自然资源厅在齐河—禹城地区部署实施的富铁矿勘查项目再获新突破,新揭露最大厚度达63.06米、品位56.63%的富铁矿体,初步估算新增富铁矿资源量1400万吨。截至目前,该区域已累计探明富铁矿资源量近8000万吨。

富铁矿是我国重要的战略性矿产资源。山东高度重视富铁矿勘查工作,在2011年至2020年的找矿突破战略行动中,富铁矿勘查实现重大突破。新发现大型铁矿产地4处、中小型铁矿产地35处,新增铁矿石资源量28.17亿吨,形成了淄博、莱芜、苍峄、东平—汶上等大型铁矿资源基地;莱芜张家洼铁矿成为全国最大的矽卡岩型富铁矿;齐河—禹城整装勘查区开创了我国在深覆盖区寻找富铁矿的先河。

山东省自然资源厅矿产勘查技术指导中心研究员李秀章介绍,齐河—禹城地区富铁矿资源是我国罕见的高品位富铁矿,具有分布面积广、矿体厚度大、矿石品位高、找矿前景好的特点。

近年来,山东持续加大齐河—禹城地区富铁矿勘查力度,圈定了李屯、潘店、薛官屯、大张和万庄5个找矿有利区,预测远景资源量3.8亿吨。
 

tphuang

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Chinese economic coercion is not just largely ineffective but it creates long-term strategic costs for China
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if you are going to post articles that annoy people, can you at least put it behind paywall, so people can read it?

Once in a while, their newspapers tell the truth.

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IIRC, Chinese customers shifted to Chilean wine.

anyway, this is your usual Western "China is making Russia a junior partner" article, but quite a few things in there that has good implications for the Chinese economy
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With imports of microchips, 5G equipment and heavy industrial machinery now subject to US export controls, Russia has turned to Chinese manufacturers. Moscow imported $4.8bn in electric machinery and parts from China last year as supplies from other countries plummeted, according to Bruegel, a Brussels-based think-tank.
The surge has come even though many leading Chinese technology companies such as Huawei have wound down exports to Russia for fear of US sanctions. Instead, obscure Chinese manufacturers have taken their place.
“These are mostly Chinese companies that just don’t work on foreign markets in anything like the volumes that major brands do,” said Vita Spivak, associate consultant at specialist risk consultancy Control Risks.
While Russia’s cutting-edge imports were “more or less diversified” before the war, she said, “now they are reorienting towards Chinese suppliers to the extent that the Russian market is very often totally dependent on the Chinese market”.
The results have often been mixed. “There are all these shitty Chinese companies supplying 5G [telecommunications] equipment. It’s the second and third tier. It’s more like 4.2G. But it’s not nothing,” said a senior Russian technology investor.
Chinese technology is also Russia’s only option for continuing to produce much of the energy that China is importing.
Yakov & Partners, McKinsey’s former Russian arm, described Russia’s previous dependence on western oilfield service groups such as Halliburton and Baker Hughes as an “Achilles heel”, because production was expected to decline 20 per cent after their departure.
High-tech projects such as Novatek’s Arctic LNG project in western Siberia are also affected. But Russian executives insist there are workarounds.
“Let’s say you are missing a compressor . . . because Siemens makes it,” said one executive. “Maybe you do without the compressor. Maybe you get two compressors from China that are less good. But for most things it is workable.”
I think the implication here is that Chinese suppliers that are not very big will have another major customer to sell their product and improve their product until they get good enough to undercut Western stuff. Russian companies may have taken some time to get used to Chinese products, but they will only import more Chinese equipments over time to replace Western ones. And once that happens, Russian economy/market will be fully functional. And China can tell rest of the world that you can live without the West. I have everything you need.

When you show the world that they don't need the West. That's a huge seismic shift in power.

In the context of China/Russia, the two countries are likely to get continually integrated economically as I discussed before. I think China will account for 50% of Russia's trade eventually and will also massively ramp up its trade with rest of EEAU. All import export markets as Western countries increasingly look to put up protectionist measures.
 

FairAndUnbiased

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if you are going to post articles that annoy people, can you at least put it behind paywall, so people can read it?


IIRC, Chinese customers shifted to Chilean wine.

anyway, this is your usual Western "China is making Russia a junior partner" article, but quite a few things in there that has good implications for the Chinese economy
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I think the implication here is that Chinese suppliers that are not very big will have another major customer to sell their product and improve their product until they get good enough to undercut Western stuff. Russian companies may have taken some time to get used to Chinese products, but they will only import more Chinese equipments over time to replace Western ones. And once that happens, Russian economy/market will be fully functional. And China can tell rest of the world that you can live without the West. I have everything you need.

When you show the world that they don't need the West. That's a huge seismic shift in power.

In the context of China/Russia, the two countries are likely to get continually integrated economically as I discussed before. I think China will account for 50% of Russia's trade eventually and will also massively ramp up its trade with rest of EEAU. All import export markets as Western countries increasingly look to put up protectionist measures.
Russia is a gold mine because they're an industrialized market that doesn't need finished products, but components and tools.

It's all about the tools. That is how you climb the value ladder - by providing the critical parts, not by importing the critical parts then selling the finished assembled product. That is how Japan climbed the value chain, and now they dominate so many legacy tools. This is hugely beneficial for China.

It is also hugely beneficial for Russia, as they will get to keep their end user products and downstream components like PCBs, IR sights, etc. while the core tech and components are Chinese. This will in turn provide more R&D funds for Chinese companies, more customer feedback in harsh environments, etc.
 
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