wow. theyll need tighter border control..
Chinese Economics Thread
- Thread starter Norfolk
- Start date
FriedRiceNSpice
Major
If its a nation worth building a friendship/partnership with (such as a Vietnam) might as well let it slide.
They can obtain via legal channels.
To be honest, with such huge price difference , it’s normal there will be smugglers trying to make money off this. It’s just basic economics. People will always find a way to make money profits especially when it’s easy money and huge profits as such. Why do you think Iran has been able to keep smuggling oil abroad and to neighboring countries despite the severe sanctions for decades now. So can’t blame those people who are involved, it’s a natural way things like this will always play out. Especially when government have enforced such bans, people will always look for loopholes (look at rare earths ban Chinas government was struggling to crack down on smugglers who are siphoning off rare earth for sale as prices increased for profits ). So don’t blame the players , blame the game .
. The government should rather lot the ban and just determine how much gets sold and what price .
manqiangrexue
Brigadier
Is 10 tons a lot? The other day, I was doing a project in my backyard garden and ordered 100 bags of soil from Home Depot that were 40 pounds each. That's 2 tons just for my little project. What's 10 tons of fertilizer to a farmer?
Moody's flags resilience in China economy, moves outlook to 'stable'
April 27 (Reuters) - Credit ratings agency Moody's on Monday revised China's outlook to "stable" from "negative", citing resilient economic and fiscal strength despite ongoing domestic pressures and challenges in trade and geopolitics.
The ratings agency said export growth is likely to moderate, but China's competitiveness should cushion the slowdown, allowing GDP growth to ease only gradually.
China's finance ministry said on Monday that it appreciated the agency's decision to maintain China's sovereign credit rating and upgrade its outlook, and vowed to further transform economic structure and enhance fiscal sustainability, according to a statement.
China's industrial profits grew at their pace in half a year last month, highlighting an uneven recovery with strong manufacturing but weak consumption, slowing exports and rising risks from higher costs and Middle East tensions.
Moody's added that policies focused on high-productivity sectors and a controlled approach to resolving regional and local government debt would help improve capital efficiency, even as overall government debt rises.
here is the update on China's oil situation. Enough supply and ready to export refined production again.
Referring to the difficulty of figuring out who actually owns what, as referenced earlier in the piece.