Chinese Economics Thread

[vincent]

You two, get a room!

 

[broadsword]

Rent one, BS foot the bill since he is richer.

 

[Blackstone]

Rent one, BS foot the bill since he is richer.

I'm a working-class proletariat with modest means.

 

[Equation]

RC and CPC, I can find lots of both positive and negative posts on this forum. You, on the other hand, are overwhelmingly one-sided, with little or no balance at all. Want to go further? How about this: each of us find and link 10 positive posts and 10 negative posts on the PRC or CPC, the posts must be clearly and unambiguously positive or negative. Do you agree to the exercise?

It seems "overwhelmingly one sided" to you because I detracted the drama and the bias nonsense you are too used to reading and "questioning" of the CPC and the PRC in general according to what western media has portrayed. That is why you have time seeing it from my perspective which is fine with me, but don't go around thinking just because someone seems like a fanboi to you that you can go ahead and make such an irresponsible and childish remarks.

 

[Equation]

So much for those China naysayers, doubters and drama queens in regards to its reforming.

China inspires economic envy
Economic and agricultural transformation creates opportunities for pork exporters

Posted Apr. 20th, 2017 by

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COLUMBUS, Ohio — The ex-traordinary transformation of the Chinese economy has the world agog.

For companies like Alltech, which manufactures feed ingredients and additives, the agriculture revolution is equally exciting.

The company has been in China for 25 years and observed the growth of a youthful urban middle class as well as changes on farms.

“It is the biggest transformation that any economy has ever gone through,” said Mark Lyons, Alltech global vice-president and head of its operations in China.

China is going through a period of transition where costs and incomes are going up, he told the National Institute of Animal Agriculture annual meeting held April 3-6 in Columbus, Ohio.

Since 2008 labour costs are up 62 percent, raw material prices are up 70 percent and energy is up 10 percent. Transportation has increased by 45 percent and real estate values are up 59 percent.

China and the United States opened diplomatic ties in 1979, and since that time trade has grown to US$519.6 billion, an increase of 207 times in nearly 40 years.

China was previously considered to be the factory of the world, but today it is the banker of the world. Also, its economy is shifting toward a consumption market.

A bellwether of progress for Alltech is monitoring the world animal feed market. Earlier this year the company reported the world produced a record one billion tonnes of animal feed.



Ten countries produce two-thirds of that feed and Asia is the number one producer.

Change in China is not limited to demographics or broad scale economics. It is also massively reforming its agricultural sector.

The Chinese government annually issues an agricultural position paper called the Number One Document. The goal is to protect farmland and lend more money to farmers to narrow a wealth gap between rural and urban areas.

The government is pursuing self-sufficiency, quality improvements, larger scale production and environmental protection.

Larger farms are promoted because the government believes it is easier to manage bigger operations and will will give more attention to food safety and quality, Lyons said.

While feed production is flat, there are more feed mills in China than in the U.S.

China produces about 80 million tonnes of meat each year. It is the leading producer of pork. The livestock generate millions of tonnes of sewage.

There are areas where farms are being closed because of run-off risk when they are located too close to water.



The government is also concerned about antibiotics getting into soil through animal urine and feces. It wants hog producers to bring in the latest technology to address the pollution.

“In five years, they want no more residues off these farms. This is something we have seen in some places in Europe and they are really pushing the adoption of new technologies,” Lyons said.

As the hog industry undergoes a major transformation to encourage a greener countryside, it has struggled to keep up with growing demand for pork.

That has led to increased im-ports from Canada, the United States and the European Union.

The U.S. in 2016 exported about $1 billion worth of pork to China, up from $700 million the year before and $271 million in 2007.

“Mexico is the only country where (the U.S.) exports more pork but that is probably only going to be for the next couple of years.”

The Chinese are also pushing for more homegrown innovation.

“It is not going to be ‘made in China’ anymore. It will be invented in China. There is huge focus on innovation in every major sector and the government is really pushing companies in the way they are innovating,” said Lyons.

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[Equation]

So much for the China detractors that only likes to talk about it's debt, which in turn can be manageable and smaller compare to the US, meanwhile the US debt that has both domestic and international.

China’s economic picture brightens

Picking up steam: Trucks transport shipping containers at a port in Qingdao. Chinese exports surged 16.4 year-on-year to US180.6bil in March, official data shows, in a sign of stabilisation for the world’s second largest economy. – AFP


BEIJING: China’s 2017 export outlook brightened considerably as it reported forecast-beating trade growth in March and as US President Donald Trump softened his anti-China rhetoric in an abrupt policy shift.

Washington’s improving ties with Beijing were underscored when Trump told the Wall Street Journal in an interview on Wednesday that he would not declare China a currency manipulator as he had pledged to do on his first day in office.

The comments were an about-face from Trump’s campaign promises, which had rattled China and other Asian exporters, and came days after his first meeting with President Xi Jinping where he pressed China to help rein in North Korea.

China’s exports rose at the fastest pace in a little more than two years in March, climbing 16.4% from a year earlier in a further sign that global demand is improving, the customs office reported yesterday.




“There are increased signs of warming up in the global economy”, which helped China’s steady growth in the first quarter, Yan Pengcheng, a spokesman for the country’s top economic planning agency, told a news conference.

Import growth remained strong at 20.3%, driven by the country’s voracious appetite for oil, copper, iron ore, coal and soybeans, whose volumes all surged from February despite worries about rising inventories.

China’s crude oil imports hit a record high of nearly 9.2 million barrels per day, overtaking the US.

The stronger trade data reinforced the growing view that economic activity in China has remained resilient or is even picking up, adding oomph to a global manufacturing revival, though analysts say growth in imports could slow.

“Right now domestic demand is still quite stable and robust. But the ultimate driver actually is property investment (which) we expect to slow,” Nomura economist Yang Zhao said.

Zhao expects import growth will moderate to the high-single digits in the second quarter.

Imports had surged 38% in February while exports unexpectedly dipped, but China’s data in the first two months of the year can be heavily skewed by the timing of the Lunar New Year holidays, when many businesses shut for a week or more.

Analysts polled by Reuters had expected March exports to have increased by 3.2% from a year earlier, a rebound from a 1.3% drop in February.

Imports had been forecast to rise 18%, after surging 38.1% in February.

China reported a trade surplus of US$23.93bil for March.

Analysts had expected the trade balance to return to a surplus of US$10bil in March, after it reported its first trade gap in three years in February.

China’s exports in the first quarter of the year rose 8.2% from the same period last year, while imports surged by 24%. The first-quarter surplus was US$65.61bil.

Despite the strong readings, China’s customs office said the trade situation remains complicated and that challenges facing exporters are not short term.

A shadow has fallen over the trade relationship between China and the US, its largest export market, as Trump has railed against the massive trade imbalance between the two countries, which was US$347bil in favour of China last year. China’s exports to the US rose 19.7% in March on-year, while imports from the US rose 15.1%.

But China’s trade surplus with US remained high in the first quarter at US$49.6bil, down only slightly from US$50.57bil in the year-ago period.

Customs spokesman Huang Songping said yesterday that better communication between China and the United States will benefit trade and investment between the two countries.

Trump urged Xi to help reduce the gap at last week’s meeting, with the countries agreeing to a 100-day plan for trade talks aimed at boosting US exports and reducing China’s surplus with the United States.

“The risk of an explicit trade war has waned subsequent to the Trump-Xi summit,” economists at ANZ said in a note. – Reuters

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[Blackstone]

It seems "overwhelmingly one sided" to you because I detracted the drama and the bias nonsense you are too used to reading and "questioning" of the CPC and the PRC in general according to what western media has portrayed. That is why you have time seeing it from my perspective which is fine with me, but don't go around thinking just because someone seems like a fanboi to you that you can go ahead and make such an irresponsible and childish remarks.

My friend Equation, just answer this question honestly, if you can. Are you a PRC/CPC fanboi, from the "reasonable people's" perspective?

In return, I answer your charge on me as PRC/CPC "hater." I'm not a CPC/PRC hater, from the same reasonable people's perspective.

No ad hominids, just the truth.

 

[Equation]

My friend Equation, just answer this question honestly, if you can. Are you a PRC/CPC fanboi, from the "reasonable people's" perspective?

In return, I answer your charge on me as PRC/CPC "hater." I'm not a CPC/PRC hater, from the same reasonable people's perspective.

No ad hominids, just the truth.

I'm a CPC/PRC WATCHER. And can you answer me this question in return. Are you a religious institution fanboi loyalist that hates anything Communism?

 

[Blackstone]

I'm a CPC/PRC WATCHER. And can you answer me this question in return. Are you a religious institution fanboi loyalist that hates anything Communism?

We're beginning to make some headway. Some. But, let's go back to my original question in #7207, which you ducked and obfuscated with a different answer. Mister Equation, are you or are you not a CPC/PRC fanboi by reasonable definition of the term? Kindly answer the question, and I will answer the second part of your post.

 

[Equation]

We're beginning to make some headway. Some. But, let's go back to my original question in #7207, which you ducked and obfuscated with a different answer. Mister Equation, are you or are you not a CPC/PRC fanboi by reasonable definition of the term? Kindly answer the question, and I will answer the second part of your post.

How dare you to duck my question before? Are you that blind to my previous post or do you think that only you are entitled to ask people's question? Now concentrate and try to stay focus:

Are you a religious institution fanboi loyalist that hates anything Communism?

Now there's no way you could miss this. (Watch this folks he's gonna duck the question and make up excuses).