America made her vassals very rich and that is not lost on them.
Chinese Economics Thread
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Until America blows up her vassals' pipelines (NS2) or forcibly stations thousands of troops on foreign soil (SK). Or bullies JP and SK to give up the lucrative China market for its semiconductor firms.
America was very good to East Asia during the Cold War because the enemy was the Soviet Union which wasn't innovative outside of military tech. America helped China in its Sino-Soviet split and it helped Taiwan, HK, JP and SK to grow rich because they could only sell to the Western market anyway.
The rise of China is different, and it is a far larger country, and its domestic market is absolutely huge compared to what the Soviet Union had. This means that for countries like Korea, there are significant negative external spillover effects in the economic realm as they get pressured by the US not to sell into it. That wasn't the case during the Cold War.
And remember, countries mostly trade with their neighbours. China will naturally be a more important market for Korea than the US if there's no political interference. It's just economic gravity. But SK is a vassal of America and now it's paying the price.
So this is kind of interesting. Manufacturing # don't look good, but non-manufacturing # continue to look good for April. Was March a blip in export? We will find out.
Also, some pictures of Hangzhou subway and train station
people are back and traveling in China
Also, some pictures of Hangzhou subway and train station
people are back and traveling in China
Demand is down from overseas. Of course manufacturing is weak.
The more pressing concern is that unemployment for young people is at a staggering 19.6 percent, worst in decades.
It is good and bad for youth unemployment right now. As more young people are reentering the labor force and looking for jobs which it is a good sign, it is an indicator of better economy than a few months ago. On the other hand, from now to July a new wave of college graduates would enter the job market and push the youth unemployment even more higher.
To be fair, South Korea has a good reason to have a good impression of the US. The US provided them with lots of benefits and an open market for their products in the huge US market. Plus, without the US there will be no soith Korea as a country the way we know it today. They owe their country's existence to the US. Else the country will be ruled by the dynastic Kim family today and be an isolated poor repressive backwater like North Korea, instead they are one of the most advanced and wealthiest countries on earth today and that's also thanks to the U.S. even if I was South Korean I will have a favourable impression of the US.
China should be careful building so many nuclear power plants based on American designs(CAP1000), since sanctions can come at any moment, do all those plants operations mkght be jeopardise in future. They should have stopped any future use of CAP1000 after finishing the ones that were already under construction prior to the trade war launched by the US and subsequent sanctions. Baffles me that they will still be building more post 2028. Let's just hope for them that the US doesn't sanction this as well in future wen its all built.
manqiangrexue
Brigadier
Well, if they had a very shallow thought process then that would be the extent of what they could understand but if they were intelligent, they would see that North Korea is still crazy like it is because of what the US had led the Western nations to do to it. Without all this, there would have been some initial pain but Korea would not be split as a country and Kim's crazy god-like image would not be maintainable without such an enemy as the US to focus on. Rather there would be a normalized unified Korea instead of today's situation resulting in a hermit North steeled to take vengeance on a south that is constantly in fear with active draft for all males, infested with foreign troops that occasionally kill local women by accident with their tanks. This is what happens when you take America's "solutions" but it's a pity that not many South Koreans are intelligent enough to see that.
Aren't the CAP1000 in China completely redone/redesigned and basically Chinese at this point?
I'm not sure how vulnerable it might be to sanctions (likely not really).
Weren't that the french designs?
Or maybe both.