antiterror13
Brigadier
did you meant ..... huge net "Imported " instead of exported ?
Chinese Economics Thread
- Thread starter Norfolk
- Start date
did you meant ..... huge net "Imported " instead of exported ?
The lack of rule of law actually helps the ultra rich, because a lot of them have shady history.
However, China would still benefit from having support from these people, as long as they don't cause abuses. Stability and safety is the best argument for putting money in China, whereas ability to skirt laws and loose capital controls benefit the west. The fact that the west is now not respecting private property rights except for their own ultra rich might be the factor that gives China a temporary leg up in the race.
The question is, perhaps China in the future needs it's own major tax haven that has loose capital controls and weak rule of law, just to keep the ultra rich leashed. Because billionaires as a class is here to stay for the short term at least, and if China drives them away, it will make things unnecessarily hard.
You mean something like Monaco?
Which Chinese city do you think can play such a role?
In decreasing order of legal enforcement Macau, HK, and Hainan. Possibly Taiwan in the future too.
yes, China imports a lot of gold
lol, buyer's remorse already. This UBS/CS situation isn't over. Will have a huge impact in Asia since both banks managed huge Asian wealth account. About time some of this accounts go back to Asian banks like ICBC
money quickly leaving Europe
Again, the recent crisis has to be incentivizing these Asian customers to bringing money back to HK/Singapore. HK is re-establishing itself as the center of banking world in Asia
Given the issues that crypto banks have had in America (believe me, all the major ones got shut down), it's interesting that Chinese banks are stepping in
Interesting model here. So China is becoming the lender of last resort even though its interest rates are higher than that of IMF
China is going the method of lending without austerity. Counting on country to grow out of debt. Whereas IMF imposes austerities which crush local economy by cutting spending.
Am I right or am I right?
supercat
Major
Exports of excavators increased 34% YoY last month.
China may overtake Japan to become the largest car exporter in the world this year. The more products China can offer globally, the more incentive for other countries to hold yuan, as long as China is willing to accept yuan as payment.
China may overtake Japan to become the largest car exporter in the world this year. The more products China can offer globally, the more incentive for other countries to hold yuan, as long as China is willing to accept yuan as payment.
Not the only kind of excavator China's exporting if you get what am saying...
