bladerunner
Banned Idiot
Perhaps the traditional Italian manufacturers can come up with a exclusive marketing arm in which they are all vetted before being allowed to join and with its own logo to distinguish itself from, "Made In Italy by China."
Chinese Economics Thread
- Thread starter Norfolk
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Perhaps the traditional Italian manufacturers can come up with a exclusive marketing arm in which they are all vetted before being allowed to join and with its own logo to distinguish itself from, "Made In Italy by China."
AssassinsMace
Lieutenant General
If you look at the other video in there about China stealing through espionage, it's the same flawed conclusions. What's the competing product that is a result of stealing/counterfeiting? What made in Italy produced by these Chinese immigrants is killing the true Italian luxury products? They don't show any examples. It looks like just cheap clothing just being made in Italy with nothing to do with the big name brands. They make you assume it's a counterfeit of the big name brands. Huawei has been accused of stealing and selling. They are trying to sell in the US but it's not being blocked not because of copyright infringement which would be easy to prove but the national security angle instead. Hackers say they've discovered vulnerabilities in Huawei technology. Doesn't that means flaws in Western technology? The reason why they don't bring up these easily judicial actions that can stop these violations at least being conducted domestically because it's accusations they can't prove but can only speculate. No need for speculation if it's true and can be proven.
France and Italy... like this is a first they have issues with immigrants? I have a caucasion friend I've known since we were kids. He went to Italy and didn't like it because gypsies were trying steal from him every place he went. The Italians don't like them because they're seen as leeches on society. The video says the Chinese are productive immigrants and they don't like them either? You can romaticize how open minded and progressive you are... when you haven't been put to the test. What we're seeing is their values they say they hold to heart truly being tested and not from only looking down from an ivory tower. It's just like how they don't like welfare state countries leaching off them for aid. They don't like countries that are not dependent on them either.
France and Italy... like this is a first they have issues with immigrants? I have a caucasion friend I've known since we were kids. He went to Italy and didn't like it because gypsies were trying steal from him every place he went. The Italians don't like them because they're seen as leeches on society. The video says the Chinese are productive immigrants and they don't like them either? You can romaticize how open minded and progressive you are... when you haven't been put to the test. What we're seeing is their values they say they hold to heart truly being tested and not from only looking down from an ivory tower. It's just like how they don't like welfare state countries leaching off them for aid. They don't like countries that are not dependent on them either.
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Rising China
Junior Member
Take That Hard Landing; China Exports Beat Consensus
China exports surprised to the upside in September.
September trade in China was an upside surprise.
Sorry China haters. This country’s not dead yet.
China’s export growth rose 9.9 percent in September, clobbering consensus estimates of 5.5 percent and up from the depressing 2.7 percent growth reported in August and 1 percent growth in July.
Imports rose to 2.4 percent on the year from a negative 2.6 percent in August. Imports matched consensus. The import rebound indicates soft, but resilient local demand.
But the jump in exports should have surprised everyone. Moreover, the improving global PMIs in recent months likely have contributed to this fact, given U.S. ISM above at 51.5 for the first time in four months giving China a hand. The latest Fed and European Central Bank actions have also helped support market sentiment. New export orders in China’s manufacturing PMI have been edging higher in the past four months to 48.8 in September. That’s not great. But it’s rising, so that’s a positive in a sea a negatives. Anything over 50 is considered healthy.
Looking ahead, the Autumn Canton trade fair from October 15 to November 4 will be important to watch for in terms of assessing whether such improvements can be sustained into the fourth quarter, Barclays analysts led by Jian Chang in Hong Kong told clients in a note over the weekend.
In the first three quarters of the year, exports grew by 7.4 percent year over year and imports by 4.8 percent, considerably short of the 10 percent target but comparable with Barclays forecasts of 5.7 percent export growth and 5.4 percent import growth.
Moreover, September export data shows that with the exception of shipments to the EU, broad-based improvement by country was observed. For example, exports to the U.S. rose to 5.5 percent on year from 3 percent in August and 0.6 percent in July. Exports to Japan recovered somewhat, rising 2.2 percent from a -6.7 percent in August, and exports to southeast Asian countries rose to 25.5 percent year over year from 10.3 percent in August.
Commodity exporters also gained in the month: exports to Brazil rose to 13.7 percent from -14 percent in August; exports to Australia rose by 15 percent versus -0.6 percent in August, and exports to South Africa rose by 20.5 percent from -2.6 percent.
External weakness in the core economies remains the biggest downside risk to China’s growth, not China itself.
The sharp EU-led export destruction in July-August surprised and dragged down growth. It also complicated policy deliberation in Beijing, Chang believes.
“The lack of interest rate and RRR cuts in August-September suggest that monetary easing has been constrained by concerns about a rebound in property prices and medium-term inflation risks,” Chang wrote on Saturday. “The lack of big fiscal stimulus points to concerns about rising government debt and banks’ non-performing loans as well as inefficient investment. Hence, better-than-expected export growth is likely to help support employment and reduce pressure for more policy easing ahead of the leadership transition (next month).”
China IMF boycott 'sign of things to come': analysts
China's top level boycott of global financial meetings in Japan this week is a sign of things to come, analysts say, as an economically emboldened Beijing shows struggling Western nations it doesn't need to play by their rules.
With global growth slowing, many in the developed world are looking to Beijing to pick up the slack, and the annual meetings of the International Monetary Fund and World Bank seemed a good place to press the point.
But while Tokyo was graced with global financial luminaries such as Timothy Geithner from the US and Wolfgang Schaeuble from Germany, China's finance minister and central bank chief both stayed at home.
Beijing gave no official reason for sending their deputies, with foreign minister Yang Jiechi telling reporters in Beijing only that "the arrangement of the delegation for the meeting was completely appropriate".
Observers say China's stay-away was the result of a spat with Japan over disputed islands, and points to Beijing's calculated willingness to use its financial muscle to make a political point.
"China made this decision by precisely weighing the disadvantages of the no-shows against the advantages of its presence," said Yoshikiyo Shimamine, executive chief economist at Dai-Ichi Life Research Institute in Tokyo.
"It was an example of how China won't always act within the Western-dominated framework and doesn't see any contradiction between such absences and its responsibility as a major power," he said.
IMF chief Christine Lagarde rapped Beijing, saying it would "lose out" by not showing up, while World Bank President Jim Yong Kim urged the two countries to sort out their differences for the good of the global economy.
China -- whose predicted growth of 7.8 percent this year is slower than the blistering pace of the last few years, but still leaps and bounds ahead of the West -- merely shrugged.
In his report to a key committee that advises the IMF board, deputy central bank governor Yi Gang said the failure by Washington and Tokyo to fix their fiscal problems was the reason the global economy was struggling.
"Uncertainties related to fiscal sustainability weigh on sentiment and confidence, negatively affecting consumption, investment, and hiring decisions," Yi said.
"The slow recovery in these major advanced economies poses costly spillover effects to the rest of the world," he added.
While Chinese officials did take part in a number of meetings and seminars, their absence at a Japan-chaired lenders' gathering on Myanmar was noted, with Tokyo saying it was "disappointing".
Japanese politicians repeatedly urged Beijing to look at relations "from a broader standpoint".
The dispute over Tokyo-controlled islands known as the Senkakus in Japan and the Diaoyus in China flared in August and September with landings by nationalists from both sides and the subsequent nationalisation of the islands by Japan.
Street protests erupted in China, alongside consumer boycotts of Japanese goods, as reports emerged that firms were finding their China operations hampered by sudden extra red tape.
Japan's big three automakers -- Toyota, Nissan and Honda -- reported plunging sales, while airlines said tens of thousands of bookings had been cancelled.
Figures released in China this week showed trade with Japan slumped 1.8 percent to $248 billion for the year's first three quarters, although the customs bureau made no link with the row.
Analysts say Beijing is likely to continue to conflate bilateral political issues with multilateral financial ones.
Yoshinobu Yamamoto, honorary professor of international politics at the University of Tokyo, said at a time when the world needed China to be paying attention, it was focused instead on the sovereignty spat.
"The move was intended to expose Japan to international pressure to solve the spat with China," he said.
"For Beijing, the top priority is national governance. For the sake of this objective, China is likely to take similar action in the future."
But some argue that China's behaviour is self-defeating because it will make it seem like a less attractive place to do business.
Some Japanese insurance firms have reportedly stopped offering coverage against riots for companies operating in China and manufacturers are said to be looking anew at third countries as a base for operations.
Dai-Ichi Life's Shimamine said Beijing runs the risk of cutting its nose off to spite its face.
"China's policy of putting weight on politics has given the impression that China has risks and is not an easy country to deal with," he said.
^^^
I'm sure the china doomsayers will say china is cooking the books because good news for the Chinese economy doesn't fit into their agenda.
It's funny how the china doomsayers can never be wrong.
If china does bad, they will say I was right.
If china does good, they will say china is cooking the books.
Lol.
I'm sure the china doomsayers will say china is cooking the books because good news for the Chinese economy doesn't fit into their agenda.
It's funny how the china doomsayers can never be wrong.
If china does bad, they will say I was right.
If china does good, they will say china is cooking the books.
Lol.
broadsword
Brigadier
Especially in regard to China's grain harvests. Even fellow Chinese loved to scoff at China's announcements of bumper harvests from Mao era.
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Harvests allay food inflation concern
English.news.cn 2012-10-10 22:47:37
CHANGCHUN, Oct. 10 (Xinhua) -- Spikes in food prices could be devastating as it may force policy makers to reverse actions being used to stimulate China's weakest growth in three years.
Soaring overseas grain prices and disasters in China's corn belt fed into such worries during the last three months. However, overseas prices have retreated with China expecting a bumper harvest.
A senior agricultural official in Jilin, the country's No. 1 corn-producing province, said pest outbreaks and a strong typhoon in August has caused limited damage, with farmers expecting to harvest more this year.
"There has not been a big impact on corn harvesting," said Ren Kejun, director with the Jilin provincial agriculture committee. Corn production is still set to reach a historic high because pest outbreaks have not spread and corn acreage grew by 275,000 hectares, he said.
In summer, China's wheat production grew 3 percent from a year earlier, with weather conditions good for growing winter wheat.
China is self-sufficient when it comes to wheat production and it produces 95 percent of the corn that is consumed. The increase in harvest means an adequate supply for the domestic market.
The pressure of imported inflation lulled too. Global grain prices climbed to record high in August after a worst-in-decades drought battered the U.S. Midwest. Prices took a dive in September as American farmers' harvest soothed concerns of a supply shortage.
The U.S. Agriculture Department said corn harvest was more than half complete by September 30, and the soybean harvest was 41 percent finished, much faster than normal pace.
In addition to supply recovery, high prices also cooled industrial and overseas demand for U.S. crops, bringing down trading prices in the world's biggest grain producer and exporter.
Chicago Board of Trade corn futures for December delivery slipped 0.5 cents Tuesday to settle at 7.415 U.S. dollars a bushel, down 10.7 percent from a historic high in August.
Chicago soybean for November delivery, pressured by higher than expected production, dipped over 10 percent in September, and hit a three-month low last Wednesday.
Declines in soybean prices will help to tame inflationary pressures in China, which has over 80 percent of its domestic soybean demand being relied on by imports.
"Overall, prices have reached stabilization in the short-term," said Ryland Maltsbarger, director with IHS Agriculture Services. He predicted that the South American crop output should weaken prices further at the end of 2012 unless weather conditions deteriorate.
Chris Narayanan, head of agricultural commodities research at Societe Generale, agreed, He said the market will remain bearish, as long as there is strong production in South America.
Analysts also predict that the U.S. Federal Reserve's QE3, though creating downward pressures on U.S. dollars, is not going to raise dollar-traded commodity prices.
"The weakness in Europe as well as slowing growth in China has negated this impact so far," Maltsbarger said.
Echoing the overseas grain price slump, a report from the Bank of Communications said food prices in China remained stable in September. It estimated the country's inflation gauge -- Consumer Price Index (CPI) growth -- fell to 1.8 percent in September and will stay low for the rest of 2012.
The low-inflation forecast gives China more leeway to join in global financial loosening, especially as the Chinese economy missed expectations of recovery in the third quarter.
China's central bank Tuesday pumped a record 265 billion yuan (42.1 billion U.S. dollars) into the financial market, suggesting that the government is beefing up measures to stimulate the world's second-largest economy.
Hendrik_2000
Lieutenant General
Don't worry bro Those China basher are despicable animals and they were never right even once . I have been hearing the prediction of doom and gloom and the sky will be falling for 30 years .
It is nothing but their unfulfilled fantasy they get excitement from projecting their own fear and insecurity. They amplify minuscule dissident beyond their real number . Meanwhile their economy going to the dump and riot broke starting in Greece soon will spread to western europe and another Hitler will show up. Meanwhile Chinese people march confidently to meet their glorious destiny,Zungguo Renmin Wan wan shwe!
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AssassinsMace
Lieutenant General
No good deed goes unpunished...
In the West, consumers buying luxury items is a sign the economy is doing well.
In the West, consumers buying luxury items is a sign the economy is doing well.
Mao kicked out the imperialists, that's why the west always hates him.
Under Mao, the humiliation of china ended permanently.
He gave back china to the Chinese people.
It took a man like Mao to get china back on track since the Ming dynasty fell in 1644.
Now that china is rising, the bullies are petrified.
They know the power and scale china possesses.
That's why all the china bashing is going on hoping china 'collapses'.
They hope the economy collapses or the CPC collapses.
Lol.
There is no other country on this planet that the west fears more than china. I expect china bashing to increase the more powerful china gets.