Chinese Economics Thread

Blackstone

Blackstone

Brigadier
Hendrik_2000 said:
Come on most oil company lost their shirt in 2016. To single out Sinopec loss due to slow market reform is just not the case
Exxxon,Chevron, Statoil, BP, Conoco Phillip They all suffer massive losses in 2016
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It's not about losses due to the global oil market but SOE reforms championed by Xi Jinping himself. The reason is if one group of what Xi called "vested interests" could successful challenge him and his reformer allies, then others can too, and China's critical economic reforms are derailed.
 
vincent

vincent

Grumpy Old Man
Staff member
Moderator - World Affairs
Blackstone said:
Failed reforms in major sectors of the Chinese economic could lead to the "middle income trap" CCP leaders are working to avoid. So yes, China's reforms from a manufacturing/export-based economy to a service/consumption-based economy is the biggest single economic development on the planet.
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Converting to a consumption/service economy to escape middle-income trap is a red herring. There are plenty of consumption and services in many third world countries, i.e. India. Don's see them become rich because of the consumption. The key is to move up the value chain to make more money. Get more GDP per person is the only way to escape the middle-income trap. Chinese leaders know this, that why they have the China 2025 program
 
broadsword

broadsword

Brigadier
Blackstone said:
It's not about losses due to the global oil market but SOE reforms championed by Xi Jinping himself. The reason is if one group of what Xi called "vested interests" could successful challenge him and his reformer allies, then others can too, and China's critical economic reforms are derailed.
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Then you need to take SOE performance as a whole, not just one company or one sector. And definitely over more than a year or two.
 
Equation

Equation

Lieutenant General
Blackstone said:
So, according to you Xi Jinping is a naysayer and prejudiced against China completing its reforms?

Stop being such a fanboi where you take every anti-theses as a personal affront. Like Sigmund Freud said, sometimes a cigar is just a cigar, and sometimes anti-theses points-of-view are just for discussions; SDF would be a boring echo chamber if we only see fanboi posts (like yours), not unlike the Beltway is an echo chamber for neocons.
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You can stop inventing words and that I didn't say. Your interpretation is as poor as your Taiwan regime trying to run a state. You anti-CPC fan bois just couldn't handle the truth that the CPC is by far the most productive government in history. It has uplifted hundreds of millions out of poverty and another hundreds of millions more into middle class. Meanwhile the god fearing states with fake democracy are failing in every way.
 
SamuraiBlue

SamuraiBlue

Captain
Business group: China backtracking on market opening

An American business group says China's push to develop its own technology and other industries has "narrowed the space" for foreign companies to compete in its market.

In a report released Tuesday, the American Chamber of Commerce in
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urged Beijing to move faster on market-opening pledges.

The report joins mounting complaints that Beijing is hampering or reducing market access despite its public defense of free trade in response to U.S. President Donald Trump's call for import restrictions.

Trump hailed the rapport he developed with his Chinese counterpart,
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, during a meeting last week in Florida that seemed to ease tensions over China's multibillion-dollar trade surplus with the United States. But neither side has announced policy changes.

The U.S. group cited examples from agriculture to health care to movies where China limits and might be reducing access as it tries to nurture its own competitors in biotech, electric cars and other fields. The chamber complained in March that the regulatory process for approving foreign farm-related biotech products for use in China was slowing........ to read more
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As always says one thing and does the other.
 
SamuraiBlue

SamuraiBlue

Captain
AssassinsMace said:
Yes opening China's market means China can't make anything on its own and can only buy foreign. Yes, fear the future where you won't be needed.
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No it means PRC is a closed market operating protectionism that can't assure fair trade to foreign corporations while enjoying fair trade in other nations.
 
Hendrik_2000

Hendrik_2000

Lieutenant General
SamuraiBlue said:

As always says one thing and does the other.
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I find it ironic they say this
The chamber noted the United States and other countries impose few limits on Chinese companies that are on a global buying spree to acquire technology and companies.

Really how about interference with sale of German company
Don't they know what is good for the geese is also good for the gander
US moves to block Chinese purchase of German tech firm Aixtron (Update)
December 2, 2016
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US President Barack Obama on Friday moved to block a Chinese company's purchase of German semiconductor equipment maker Aixtron by rejecting the inclusion of Aixtron's US business in the deal.

The US Treasury Department said a review by the Committee on Foreign Investment in the United States (CFIUS) chaired by Obama found the risks posed by the deal, which could place sensitive technology with potential military applications in Chinese hands, were too great.

"CFIUS and the president assess that the transaction poses a risk to the national security of the United States that cannot be resolved through mitigation," the Treasury said in a statement.

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