Those damn cheapskates haven't paid me a red cent for my insightful analysis.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
Those damn cheapskates haven't paid me a red cent for my insightful analysis.
They are just comparing against the situation with covid restrictions from 2022.
The data is good, comparison is not accurate. Should had used both 2022 and 2019 for comparison
This is interesting here. Now that China has the lowest bond yield and interest rate around, it does help certain industries. But I would say they will be wise to lock in their finances and work out some of the debt issues they have. You don't want a situation where interest payment on your debt it so high that your govt becomes non functional or you have to print so much money that your currency loses value (like in JPY)
China in the last decade hasn’t engaged in 0% interest rate and QE and is now benefitting from both lower inflation and lower interest rates.
IMF chief wants to increase China’s voting power, which is now only 6% — while China’s GDP is almost 18% of the world’s GDP.
Basically IMF wants Chinese money.
The head of the IMF has backed reforms that could eventually give Beijing more voting power within the fund, warning of “devastation” if the institution remains without adequate financial resources to aid struggling countries. In an interview with the Financial Times, Kristalina Georgieva called for the IMF to better represent changes in the global economy over the past decade, which include the rise of China.
Basically IMF wants Chinese money.
The head of the IMF has backed reforms that could eventually give Beijing more voting power within the fund, warning of “devastation” if the institution remains without adequate financial resources to aid struggling countries. In an interview with the Financial Times, Kristalina Georgieva called for the IMF to better represent changes in the global economy over the past decade, which include the rise of China.
Maybe the IMF shouldn't have sent $15.6 billion USD to Ukraine.
Other countries have to meet strict conditions to get an IMF loan. But Ukraine did not.
Just another thing that shows you how the IMF is just a tool of the US.
The US has also used IMF loans as a tool to pay their cronies in Argentina and Pakistan. In Pakistan's case they used an IMF loan as a way to kick Imran Khan out.
Other countries have to meet strict conditions to get an IMF loan. But Ukraine did not.
Just another thing that shows you how the IMF is just a tool of the US.
The US has also used IMF loans as a tool to pay their cronies in Argentina and Pakistan. In Pakistan's case they used an IMF loan as a way to kick Imran Khan out.
Quickie
Colonel
The higher oil consumption can be explained by the inefficiency of China's electrical power stations which are badly hit by ongoing high technology sanctions against the country. As for the high copper consumption, there is now high demand for copper door knobs and gadgets with copper alloy contact surfaces possibly linked to hidden Covid pandemics still happening in some unknown places in China.