Discussion in 'China' started by Rage, Jun 1, 2009.
lol how do you know it's Bubonic Plague. any evidence?
Turns out @Armand2REP is correct.
Imagine if the Chinese asked themselves that about the 9-dash line
@Haldiram check this out. Explains why India walked away from RCEP deal.
Its not just RCEP, FTA deals in general are not India's game.
Other than US,UK and UAE, India has a trade deficit with each of its trading partner.
I'd thought it would be easy for India to replace China in a few manufacturing sectors as the low cost exporter, but it seems India's having a bad time banking on its labor pool.
Don't believe these vested interest media projections. RCEP deal can still come with our clauses.
Just take a look at what the media was saying viz the most important things and how the truth turned out? The media predicted a loss for Trump and Modi, what happened eventually? The media was virtually predicting a nuclear war with N.Korea. What happened? Murica befriended Kim Jong. They were all bearish on Aramco after the drone attack, what happened? today Aramco has put out the world's largest IPO nearing approx 2 trillion USD.
Have seen these slights of hand in 2003, 2008, 2013 when they were making doomsday predictions, then the market went 5X from there. Media walon ko kuch pata nahi hota, kuch bhi bakte rehte hai. They just want to keep the audience engaged.
RCEP is in the pipeline, pakka. All the long term policy documents from the Indian gormint bear mention of this Asian grouping (without mentioning the acronym), because the documents were written through the decade for the next 50 years. We did the same with LSA, CISMOA. We walked out, then got them to change the terms, then LSA became LEMOA and CISMOA became COMCASA and now we're in.
The Russia-China Investment Fund is working to attract Chinese investors for Saudi Aramco's planned initial public offering, the head of Russia's RDIF sovereign wealth fund said on Thursday.
The Russia-China Investment Fund (RCIF) is a private equity fund established jointly by RDIF and China Investment Corporation in October 2011 to stimulate the bilateral investment.
My personal view is: I respect India not join RCEP this time and this is the way India reservers its domestic market to its own companies.
If someone need to blame, i think should be Manmohan Singh.
After 2008 financial crisis, India had golden oppotunity to become a manufcturer hub, Manmohan Singh should done someting on legal and governmental reform...
But at that time, i remembered that Indian members on the forums were drunk of "India is world's office, and China is world's Sweatshop" ... it's little late to realize the manufacture is the key for nations's modernization not some call centers or forgein company's R&D department.
If Modi would held the power in 2008, the situation must be very different.
It is good that you respect India's decision not to allow a flood of Chinese dumping into India... it is good.
When you sign the deal, you made your terms not only based on your current capability, but also on your possible capability realized in the near future. The fact is India likes to be overoptimistic about her progress in the new future.
Because India is not the only one wants to get those labour-intensive industries from China.
I think India's exit from the RCEP deal makes good sense. Many cite China's entry to WTO to liberalize her economy as a successful precedent. But that's hardly applicable for India which is promoting ""Make in India"" nor does Modi / the ruling BJP garner consensus across the Indian society over RCEP.
With RCEP manufacturing would speed up shifting to Vietnam, Cambodia and Indonesia from CJK.
Well, the matter of fact is that India society has never been preparing for Death or Live competition of modern industrial society. Everyone is expecting a easy win: because we are big, foreigners will come to us; because we are big, foreigners have to accept our term; because we are big, they should give their tech cheaply. On the other hand, Chinese did everything they could before entering WTO: over 80m workers were sacked, these were well-trained workers used to produce rifles, tanks, missiles; over 10000s state-own factories closed, their machines/tools were sold to private manufacturers for almost zero cost.
China’s car sales drop for 16th consecutive month as October falls 4 per cent
Total car sales in the world’s biggest market fell 4 per cent from the same month a year earlier, the China Association of Automobile Manufacturers said on Monday
Sales of new energy vehicles (NEVs) fell 45.6 per cent in October following a 33 per cent decline in September
PSA group in China drops 62.1% sales in first half of 2019... the share in China is less than 1% ...
And 0% in USA;
Now French cars almost been kicked out from world's big 2 markets...
PSA bought controlling stake in Fiat-Chrysler to access USA. Why invest in China when it is a dying market?
To PSA is trully dying here... just like it's in USA, but for Tesla:
Tesla Gigafactory 3 building in Shanghai looks almost complete
PSA plan to sell only two factories in Wuhan due to terrible sales drop
+1 for complete information.
Another useless piece of commentary to lower the world's IQ :
China’s trade dominance dealt a blow after US gains
American anal-yeasts have been writing obituaries of Chinese economy since 2002. Unoccupied ghost towns, yield curve inversion, currency deflation, China dying.
Such headlines are only suitable for low iodine American readers. Murica knew all the way that China has gotten the better of them in the 90's itself. That's when successive American administrations started the policy of downplaying Chinese achievements to reassure domestic American voters that America is still the world's pre-eminent power. Today the truth is out in the open so they are giving it a spin that "...China only got ahead of us because they cheated."
If China is truly a dying economy then why is the US so desperate to make a trade deal with it?
Same anal-yeasts are writing obituaries of Indian economy today while begging India for a FTA with the USA.
Why is the USA so interested in signing trade deals with dying economies.
US : Preaches free market economics
Someone else : uses free market economics to outsmart the US
US : That's cheating!
@Deathstar 's recommendation for India to sell pork to China be right. Pork prices have gone 4X in a single year.
Alibaba Closes Books Early for Hong Kong Listing Amid Strong Demand
Planned $13.4 billion secondary offering would be the world’s biggest so far this year, though Saudi Aramco may soon take the top spot
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