Chinese Economics Thread

Janiz

Senior Member
Well at the moment they definitely both dislike Japan more than they dislike each other. For better or for worse, Japan's stance to wartime events are still remembered in both countries and dismissing its effect is unwise imo.
You should know that South Korea has got FTA agreements with 50 other countries which make about 72% of the world's GDP. That's so anti-Japanese, indeed...
 

delft

Brigadier
Indonesia joins AIIB.

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$50 billion seed fund for AIIB, and now another $40 billion committed and up to $21 trillion in the future for infrastructure developments across Euro-Asia.

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The article in The Diplomat is remarkably honest for that site:

The United States was already a global hegemon after winning the Second World War, thus enabling it to push the Marshall Plan without much resistance from Europe.
The former World powers, Spain in the 16th century, the Dutch Republic in the 17th, Great Britain in the 19th, didn't have the hegemonic position US occupied from 1945 and when US ceases to be the hegemon the position of hegemon will disappear. So

China does not seek to become a hegemon in Asia and beyond.
can be stated without any moral judgement on the qualities of China's politics.
Originally the US hegemon position was based on economic, financial and military power and of all three it had about half of the strength of the whole World. That cannot be repeated by another country without another World War and probably not even then because no country would be as safe in a WWIII than US was in WWII. So China want to become richer by trading with other countries in the World that need to be richer too without discriminating against countries on political grounds.
 

Franklin

Captain
China offered Taiwan an FTA but it was rejected after street protests. Taiwan today is stuck between a rock and a hard place. Taiwan's industry seems to have hit a plateau and they are stuck between more advanced economies like those of South Korea and even Singapore on the one hand and they are facing pressure from a China that is rapidly moving up the value chain on the other hand. Unless Taiwan step up its game and upgrade its industry they will risk becoming an economic colony of China. That in my view is a much bigger risk for Taiwan than any possible future invasion from China.
 
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getready

Senior Member
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This might be a game changer in terms of climate change. But not sure how it will impact the economies of both nations. Well the renewable sector will benefit but what about the manufacturing and auto industry?
 

getready

Senior Member
China offered Taiwan an FTA but it was rejected after street protests. Taiwan today is stuck between a rock and a hard place. Taiwan's industry seems to have hit a plateau and they are stuck between more advanced economies like those of South Korea and even Singapore on the one hand and they are facing pressure from a China that is rapidly moving up the value chain on the other hand. Unless Taiwan move up its game and upgrade its industry they will risk becoming an economic colony of China. That in my view is a much bigger risk for Taiwan than any possible future invasion from China.

They shot themselves on the foot. There was resistance not due to economic reasons but underlying political and cultural factors. Anyway, let them continue to act high and mighty. Mainland China has bigger pies to eat than worry about them.
 

shen

Senior Member
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This might be a game changer in terms of climate change. But not sure how it will impact the economies of both nations. Well the renewable sector will benefit but what about the manufacturing and auto industry?

I highly doubt Obama has the domestic backing to deliver on this deal. China is betting on renewable energy with or without international agreement. From almost zero to the largest installed wind power capacity in the world in less than a decade.
 

Blitzo

Lieutenant General
Staff member
Super Moderator
Registered Member
You should know that South Korea has got FTA agreements with 50 other countries which make about 72% of the world's GDP. That's so anti-Japanese, indeed...

Hey, read over what I wrote, my only statement is that at the moment, SK seems to dislike japan more than it dislikes china and that it has to do with Japan's stance to events in the war.
I never said anything beyond that about FTAs or that china and SK were somehow going to be best buddies, or that they were going to gang up on anyone in terms of trade
 

shen

Senior Member
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The recent announcement issued by China and America to jointly tackle climate change has caught the world's attention.

Chinese experts are optimistic about China's renewed commitment, calling the goals achievable.

For more on this, CRI's Wang Mengzhen.


As the world's two largest emitters of greenhouse gases, China and America made their respective carbon emission plans after President Xi Jinping and his U.S. counterpart Barack Obama held talks at the just concluded APEC meetings.

For the very first time, China pledges its emissions will peak around 2030, and intends to increase the non-fossil fuels share in its primary energy consumption to around 20 percent, while, the U.S. commits to reduce its emissions by 26-28 percent in 2025.

Ma Jun, director of the Institute of Public and Environmental Affairs, says the commitment represents China's responsibility as a major global power.

"Last year, China has, for the first time, committed to cut overall coal consumption in key areas, which has laid a sound foundation to nail down the carbon emission peak. However, curbing regional pollution does not necessarily mean the reduction of the overall emission. Coal is the common source of both air pollution and climate change. By formulating favorable policies and taking positive steps to control coal production, we will realize the emission reduction collaboratively."

Han Xiaoping, Chief information officer from Energy Information and Consulting Service, shows great confidence in realizing the goals.

"Currently, China has the largest installed hydropower capacity in the world, with a large number of hydropower stations still under construction. Meanwhile, China has the world's No.1 wind power capacity, with annual growth of 20 million kilowatt. Besides, our solar energy is developing at a very fast pace although its proportion is not very high. In addition, we are planning to construct nuclear generator units with 5-6 thousand kilowatt capacity. Altogether, we are likely to reach the goal before 2030."

Han points out that China will face energy structure adjustment to reduce reliance on coal and other fossil fuels, which will help realize sustainable development, not the other way around.

By the year 2020, China is expected to increase its natural gas proportion to 10% of the total energy use. Apart from this, China will increase its renewable resources, including nuclear power.

Hong Lei, China's Foreign Ministry spokesman

"China set the goals after long-term research and study, and we have ambitions to realize them with best efforts. China has been holding an earnest and serious attitude towards climate issues. The second one is that international society has to strengthen cooperation in coping with climate change."

At the same time, vice minister of the National Development and Reform Commission (NDRC) Xie Zhenhua says the commitment will soon become legally-binding after full consideration and approval of the National People's Congress, the legislature.

According to Xie, the Chinese government has already put the legislation on the agenda.

For CRI, this is Wang Mengzhen.
 
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