Chinese Economics Thread

pla101prc

Senior Member
Australia is rethinking their previous stance on the AIIB, was UK only the first of three dominoes (UK, Australia, SK)?

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Treasurer Joe Hockey told reporters in Sydney on Friday the government is reconsidering its position in the light of UK and NZ support.

"Quite obviously China has improved the governance structure it is proposing for the Asian Infrastructure Investment Bank," Mr Hockey said.

"So much so that New Zealand has now signed the MOU (memorandum of understanding), as has the UK.

"This is something that will obviously be taken into account by the government over the next few weeks as we continue our dialogue with those people behind the bank."
it is almost a brilliant move, to court Britain when all spotlight was on Pacific's big three. secret diplomacy is almost certainly to have been involved in persuading Britain, as it is hard to imagine the US to have just stood by and watched Beijing undertake this scheme. I would like to see some revelation about this episode to surface in the future.
 

delft

Brigadier
George Osborne, the UK finance minister, is proud that he has achieved for London to become the first place to have a RMB clearing house outside Asia. He also wanted UK to be a founding member of AIIB. Without those achievements London might soon have lost its position of major financial centre in the World. So why was Washington looking at SK and Australia and not at London?
 
China can build an Aluminium plant for a 1/3rd of the cost of competitors in the west.
Bad call on China aluminium industry hits Western
...

This doesn't sound so much like a case of bad or good call in international investments beyond China in the aluminium industry but rather a case of how "too big to fail" is being built up inside China for that industry.
 

Engineer

Major
Not surprising it just takes one for the dominos to start falling. I'm sure Beijing now sports the same grin as the US when they managed to steer every economy of note away from the AIIB. The media likes to over analyze what something means in a negative way when something goes against China. Fill in the blanks at what this means.
Money talks, b.s. walks.
 

broadsword

Brigadier
George Osborne, the UK finance minister, is proud that he has achieved for London to become the first place to have a RMB clearing house outside Asia. He also wanted UK to be a founding member of AIIB. Without those achievements London might soon have lost its position of major financial centre in the World. So why was Washington looking at SK and Australia and not at London?

Hence, Beijing probably did not have to persuade.
 

AssassinsMace

Lieutenant General
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I like how in a free trade agreement Japan gets to negotiate how much access the US can have in Japanese markets. What does free trade mean again?

The problem with the logic of TPP in regards to leaving China out which they claim puts China at a disadvantage because of the higher standards demanded is China isn't the one that is export dependent. Yeah if the members bought from China more than China bought from them then China would have to work to achieve those standards. But most of the members have China as their number one customer so those supposed higher standards mean nothing. It is these members that have to spend the money to keep up with the standards not China. And the irony is since China doesn't have to abide by those standards by not being a part of TPP, the US can still have their outsourced products made in China regardless of the standards. So countries thinking they can brag they were going to steal outsourcing from China just costs more for them because they have to abide by the standards. It's not like members of TPP are restricted with trading with only each other. Do you think Apple is going to stop selling iPhones to China, their largest market now? TPP isn't stopping trade with China. If that were the case China could ban trade with them. Who do you think wins since China is most of the membership countries and their corporations number one customer?
 

Player 0

Junior Member
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Anyone know if this is a good source?

Right now i'm on the hunt for sources that can be used to attest to China's growing status as a producer of goods comparable to the west and others.
 
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