China Economy: News & Discussion

Azaad

Senior Member
Joined
Nov 1, 2022
Messages
5,687
Likes
20,816
Country flag
How much does it even matter when the two biggest economies in the world has "negative" outlook on their rating? :)
View attachment 231454
For starters , the world still revolves around the USD not the renmenbi & the USD is the sovereign currency of the US which it gets to print every time it's in trouble exporting it's inflation & debt by selling its bonds which countries like China buys in the trillions of USD.


China doesnt enjoy that luxury not will it ever by the looks of it.
 

rockdog

Senior Member
Joined
Dec 29, 2010
Messages
3,827
Likes
2,813
Country flag
I thought that's what's happening in communist paradise - Venezuela.
The Magic Realism is happening all around Latin America, no matter left wings, right wings, Catel wings ...

I don't know how about Indian market, but the books from García Márquez are quite popular here.
 

rockdog

Senior Member
Joined
Dec 29, 2010
Messages
3,827
Likes
2,813
Country flag
For starters , the world still revolves around the USD not the renmenbi & the USD is the sovereign currency of the US which it gets to print every time it's in trouble exporting it's inflation & debt by selling its bonds which countries like China buys in the trillions of USD.


China doesnt enjoy that luxury not will it ever by the looks of it.
Russia doesn't know what to do with the $1 billion in rupees it is amassing in India each month


While India is yet to set up a smooth payment mechanism with Russia, about 95% of Russia-China trade is settled in rubles and yuan, according to the Russian government.


If you have strong manufactures, you have chances to escape from dollar exploitation.
 

Azaad

Senior Member
Joined
Nov 1, 2022
Messages
5,687
Likes
20,816
Country flag
I don't know how about Indian market, but the books from García Márquez are quite popular here.
Magic realism like magic is popular & the preferred mode of entertainment in totalitarian states where repression is common. It's one of the people's modes of "escape " from the depression & drudgery of daily existence.
 

Azaad

Senior Member
Joined
Nov 1, 2022
Messages
5,687
Likes
20,816
Country flag
Russia doesn't know what to do with the $1 billion in rupees it is amassing in India each month


While India is yet to set up a smooth payment mechanism with Russia, about 95% of Russia-China trade is settled in rubles and yuan, according to the Russian government.
...and your point is ? Is it India suffering on account of the balance of payments situation ?

The Russians have been insistent we pay them in yuan. We told them to take a hike by keeping quiet & the matter pending.

The Russians finally got the message.

.

Ideally the Russians should've approached iron brother China for this but they didn't . For obvious reasons. You think you're the only ones who know how to conduct business?

If you have strong manufactures, you have chances to escape from dollar exploitation.
How come you're investing trillions of USD in US bonds then ? Or are you saying your manufacturing is actually assembling in most case ?
 

SexyChineseLady

Senior Member
Joined
Oct 3, 2016
Messages
4,691
Likes
3,705
The two largest economies of the world and what constitutes their GDP.

China's wealth comes from building actual things for its people. The US's comes giving its people money for doing things for other people.

Funny thing is Realestate is far more inportant to US than China despite all the Evergrande talk :D

China's main economic driver is industry.

IMG_1342.png


IMG_1341.png



IMG_1340.jpeg
 

rockdog

Senior Member
Joined
Dec 29, 2010
Messages
3,827
Likes
2,813
Country flag
...and your point is ? Is it India suffering on account of the balance of payments situation ?

The Russians have been insistent we pay them in yuan. We told them to take a hike by keeping quiet & the matter pending.

The Russians finally got the message.

.

Ideally the Russians should've approached iron brother China for this but they didn't . For obvious reasons. You think you're the only ones who know how to conduct business?
Good signs, if EU, Russia, China, India, Oil owners are all trade with other currencies.

Putin expects Russian-Chinese trade to reach $200B by year's end

The Ukraine war almost gifted a 200 million population market to China over one night, Russia + its highly influenced 5 nations in Midasia; and without any major competitor.


Horgos Highway Port implements 24-hour freight customs clearance to support the Belt and Road Initiative
 

RoaringTigerHiddenDragon

Senior Member
Joined
Sep 5, 2020
Messages
3,776
Likes
16,502
Country flag
Russia doesn't know what to do with the $1 billion in rupees it is amassing in India each month


While India is yet to set up a smooth payment mechanism with Russia, about 95% of Russia-China trade is settled in rubles and yuan, according to the Russian government.


If you have strong manufactures, you have chances to escape from dollar exploitation.
Most of your yuan is used by Russians to buy cheap cars from china - the only country that will sell to them. Russian market is quite small to have any meaningful penetration of yuan as a reserve currency. Indian automobile and other companies wont export to Russia fearing sanctions. Hence Russia is unable to use its Indian rupees. It has nothing to do with the stability and strength of yuan which it does not have in any case.
 

RoaringTigerHiddenDragon

Senior Member
Joined
Sep 5, 2020
Messages
3,776
Likes
16,502
Country flag
Good signs, if EU, Russia, China, India, Oil owners are all trade with other currencies.

Putin expects Russian-Chinese trade to reach $200B by year's end

The Ukraine war almost gifted a 200 million population market to China over one night, Russia + its highly influenced 5 nations in Midasia; and without any major competitor.


Horgos Highway Port implements 24-hour freight customs clearance to support the Belt and Road Initiative
What?! Russia has only a population of 140 million and is rapidly declining just like that of Japan. Russia is not an economic power except in commodities. This commodities strength will last only for a limited time. India can replace Russian oil purchases with imports from say Guyana, which is totally an indo-sphere country as people of indian origin rule Guyana. So Russia may not have all that leverage like you think it has.
 

rockdog

Senior Member
Joined
Dec 29, 2010
Messages
3,827
Likes
2,813
Country flag
What?! Russia has only a population of 140 million and is rapidly declining just like that of Japan. Russia is not an economic power except in commodities. This commodities strength will last only for a limited time. India can replace Russian oil purchases with imports from say Guyana, which is totally an indo-sphere country as people of indian origin rule Guyana. So Russia may not have all that leverage like you think it has.
The Ukraine war actually made Russia increased 13 million population (captured from eastern Ukraine + Crimea), and they are the highly industrilized people.

Plus other puppet republics from Gorgeia, Moldova ... It's little shocking that Russia acutally increased 10% people from 2014-2023...
 

ym888

Senior Member
Joined
Mar 11, 2021
Messages
1,746
Likes
1,145
World's first fourth-generation nuclear power plant goes into commercial operation in China
(Xinhua) 10:57, December 06, 2023
BEIJING, Dec. 6 (Xinhua) -- The world's first fourth-generation nuclear power plant, China's Shidaowan high temperature gas-cooled reactor (HTGR) nuclear power plant, has officially gone into commercial operation, according to the National Energy Administration and China Huaneng Group Wednesday.

The project, located in Shandong Province and with China owning fully independent intellectual property rights, is jointly developed by China Huaneng Group, Tsinghua University and China National Nuclear Corporation.

HTGR is an advanced type of reactor that features fourth-generation nuclear power technology, and a key development direction of nuclear power, said Zhang Zuoyi, chief designer of the major program of HTGR nuclear power station and dean of the nuclear energy and new energy technology institute of Tsinghua University.

With "safety" as a key characteristic, the reactor can maintain a safe state and steer away from a meltdown or leak of radioactive materials. This capability is maintained even in the event of a complete loss of cooling capacity, without any intervention actions, Zhang added.

More than 500 companies majoring in design and development, engineering construction, equipment manufacturing, production and operation participated in the project. The localization rate of the equipment of the nuclear power plant reached more than 90 percent, said Zhang Yanxu, a person in charge of the project.

1701848246602.png


The commercial operation of the nuclear power plant is of great significance in promoting the safety, as well as the scientific, technological and innovation capabilities of China's nuclear power development, he noted.

Construction of Shidaowan HTGR nuclear power plant started in December 2012, and generated power for the first time in December 2021.
 

ym888

Senior Member
Joined
Mar 11, 2021
Messages
1,746
Likes
1,145
Asia's first cylindrical FPSO facility finishes main construction
By Zheng Xin | chinadaily.com.cn | Updated: 2023-12-06 10:28
The main construction of Asia's first cylindrical floating production, storage and offloading facility, designed and built by China, was finished on Wednesday in Qingdao, Shandong province. [Photo provided to chinadaily.com.cn]
The main construction of Asia's first cylindrical floating production, storage and offloading facility, designed and built by China, was finished on Wednesday in Qingdao, Shandong province, said its operator China National Offshore Oil Corp.
With a maximum oil storage capacity of 60,000 metric tons and a designed durability of 30 years, the offshore oil and gas processing plant Haiyang Shiyou 122 is capable of processing 5,600 tons of crude per day, said the company.
The FPSO facility, an offshore oil and gas processing project capable of crude oil production, storage and export, has become the mainstream production facility for global offshore oil and gas development.
The project is currently under the integrated commissioning stage. After completion next year, it will be applied in China’s first deepwater oilfield, the Liuhua 11-1 oilfield, another significant asset in the development of China's deepsea oil and gas resources, it said.
 

MiG-29SMT

Senior Member
Joined
Jan 12, 2020
Messages
3,314
Likes
4,139
Country flag
European Union chief Ursula von der Leyen warned Tuesday, ahead of an annual EU-China summit, that Europe won't tolerate its soaring trade imbalance with China forever.

While the president of the European Commission stressed that EU states would prefer negotiations to a trade war she left an implied threat of protectionist measures on the table.


"We have tools to protect our market," von der Leyen told an AFP reporter in an interview for the European Newsroom, while adding: "But we prefer to have negotiated solutions."

 

Latest Replies

Global Defence

New threads

Articles

Top