Chinese Economics Thread

Blitzo

Blitzo

Lieutenant General
Staff member
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Registered Member
Ultra said:
This is worrying, the new president seems to be leaning towards India. First foreign visit is to India, and he halted all Chinese backed project and put all of them "under review".
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Err why is it worrying for the deadlock to be broken?

Putting the port project back on track should be a good step back in the right direction in China's eyes
 
Ultra

Ultra

Junior Member
Bltizo said:
Err why is it worrying for the deadlock to be broken?

Putting the port project back on track should be a good step back in the right direction in China's eyes
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Because of Sri Lanka president Maithripala Sirisena's posture ever since he came into power. His attitude seems to be more hostile towards China - visiting India as his first state visit and then stopped all Chinese back project. Even though the project may be back on track (there is no telling - it could still stall in the future) - these political moves showed clearly his intentions.

India knows how important Sri Lanka is to its defence - imagine if Hainan Island is another country that is US is friendly and investing heavily on that island and has naval warships that parks there. You get my drift. So India will for the next 2 decades try to pull Sri Lanka back into its orbit by promoting trades, technology transfer and maybe even lavashing them with loans or economic aids (if they can afford it). US may even see the strategic importance of it and help facilitate this relationship by opening up trades with Sri Lanka. This in turn will help de-emphasis China's importance in Sri Lanka and further distant Sri Lanka and China's relation.
 
Blitzo

Blitzo

Lieutenant General
Staff member
Super Moderator
Registered Member
Ultra said:
Because of Sri Lanka president Maithripala Sirisena's posture ever since he came into power. His attitude seems to be more hostile towards China - visiting India as his first state visit and then stopped all Chinese back project. Even though the project may be back on track (there is no telling - it could still stall in the future) - these political moves showed clearly his intentions.

India knows how important Sri Lanka is to its defence - imagine if Hainan Island is another country that is US is friendly and investing heavily on that island and has naval warships that parks there. You get my drift. So India will for the next 2 decades try to pull Sri Lanka back into its orbit by promoting trades, technology transfer and maybe even lavashing them with loans or economic aids (if they can afford it). US may even see the strategic importance of it and help facilitate this relationship by opening up trades with Sri Lanka. This in turn will help de-emphasis China's importance in Sri Lanka and further distant Sri Lanka and China's relation.
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Okay I see. I do not disagree with what you're saying per se, but quoting an article which claims that the port project is back on track and then launching into how the new Sri Lankan president is leaning towards India is not wholly logical, so I was confused as to your position given what you were writing and what you were quoting. Better to have not quoted the article in the first place, as quoting it actually weakens your position imo.

In any case, it makes sense for Sri Lanka to try and play the great powers against each other to get the best deal it can, no surprises there.
 
P

PanAsian

Major
Equation said:
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From the article:
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Australia's Mandarin-speaking former prime minister, Kevin Rudd, said Tuesday the emergence of AIIB was part of China's geopolitical reaction to "the door being slammed in its face" over increasing the voting quotas of developing countries at the International Monetary Fund and World Bank, currently skewed in favor of the U.S.
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I think it's important to note that it is not just about China having the door slammed in its face, all the developing countries had the door slammed in their faces. And the US was the driver behind the slamming, not the Europeans who had agreed to the voting quota changes.

Also from the article:
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"It is a small-potato issue that is making the United States look weak at a time when U.S. influence in the region is otherwise quite strong," said Elizabeth Economy, director for Asia studies at the Council on Foreign Relations.
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The PR and diplomatic problem is not that the US looks weak on a small issue while it is strong overall, it is that the US looks dictatorial while it is strong overall.
 
Equation

Equation

Lieutenant General
An interesting and quite funny article.

Dear President
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:

This is a thank-you note from California.

Thank you, first off, for sustaining our neighborhoods through these last difficult years. Thank you for keeping wealthy Chinese so nervous about your purges of political opponents — oops, your anticorruption campaigns — that they are buying real estate all over California. More than half of all U.S. home purchases by Chinese buyers are in the Golden State. In the San Gabriel Valley, where I live, Chinese arrivals have provided the housing market with much of its ballast and our communities with a disproportionate share of their new energy.

But we have so much more to thank you for than housing.

Thank you for all you’ve done for California business. Thank you for all the Chinese vacationers and medical tourists who have patronized our hotels and our hospitals. Thank you for all the wealthy Chinese who shop here — and keep our high-end malls in business.


Please give my thanks to your friends at
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for keeping Yahoo afloat; until Yahoo spun off its $35 billion Alibaba stake recently, the Chinese e-commerce company accounted for 85 percent of the struggling Sunnyvale company’s market value. But that’s not all you’ve done for Silicon Valley. Thanks to Chinese hacking of American governments and companies (and our own intelligence agencies’ intrusions into our electronic lives), data security has been an enormous growth area for California’s tech companies.

I also want to let you know how much we appreciate all you’ve done to open the door to California business on your shores — letting Disney build its new resort in Shanghai, making it possible for
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to sell so many iPhones there, and giving “Transformers: Age of Extinction” the opportunity to become China’s highest-grossing film of all time, with a cool $298.5 million in ticket sales.

This cultural exchange isn’t just one way. Thank you for letting so many of your best and brightest students come to our universities, where they pay full freight and help blunt the impact of our foolish disinvestment in higher education. More than 4,000 Chinese students are enrolled at USC — Jia-you! (Fight on!). And you’re welcome, President Xi, for us sending many of these students back to you after graduation, because we refuse to fix an immigration system that makes it so hard for them to stay and work here.


In all these ways, you keep putting money in our pockets, while the folks in Sacramento and Washington keep trying to take money out. So here’s a thank you with a question: Since you see the wisdom of investing in California, would you be willing to do even more?

California governments and companies have assisted their Chinese counterparts on environmental issues (the
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helped develop air pollution standards in Beijing, according to the
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), so why not throw some of your foreign reserves into costly climate change-fighting projects here? California has an estimated $800 billion in unmet infrastructure needs, but our politicians are allergic to the kind of big investments you’ve been making for years. So why don’t you pull us into your new
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, which Britain, France, Germany and Italy just joined?

Yes, our country’s leaders in Washington opposed the bank and would try to keep us out. But because Congress has shown so little interest in funding California’s high-speed rail, new roads and drought-resistant waterworks, why shouldn’t we turn to your bank, which is supposed to invest in China’s neighbors?


Now I realize that, if you were to step up investment in California, we might hear caterwauling about you being a dictator and all. Don’t worry about it — when Californians talk about democracy, you don’t have to take us seriously. We’ve all but given up voting. And what politics we do have is dominated by bureaucrats, politically connected billionaires and state-sanctioned interest groups — kind of like yours.

You have little to fear from our politicians. You’ve certainly noticed how our elected leaders love to take trade missions to your country, and accommodate visiting Chinese dignitaries here. Heck, despite the importance of expanded trade to the California economy, many liberals are opposing a new Trans-Pacific trade agreement that is designed as a check on your dominance of Asia. (You can thank them for doing your dirty work by trying to scuttle it.)

To be sure, Mr. Xi, you’re not the kind of president we dream of. But you are the president who comes closest to addressing the needs of today’s California. And we sure need somebody.

Sincerely,

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