China Economy: News & Discussion

[srevster]

Like I said, read up on the Great Depression!

China is giving the same signals

https://www.gbnews.com/news/world/china-economy-news-spiralling-decline-deflation

 

[rockdog]

same day

 

[srevster]

Bloomberg - Are you a robot?

 

[Azaad]

That is very silly.

The only way to measure trust is with your money. You do not give people you don't trust your money.

More people trust China than any other country in the world

View attachment 232570

And because the governments that negotiated these projects often agreed to backstop the loans, they have found themselves burdened with huge debt overhangs -- unable to secure financing for future projects or even to service the debt they have already accrued.
This is true not just of Sri Lanka but also of Argentina, Kenya, Malaysia, Montenegro, Pakistan, Tanzania, and many others.

The biggest problem by far, however, is debt. In Argentina, Ethiopia, Montenegro, Pakistan, Sri Lanka, Zambia, and elsewhere, costly Chinese projects have pushed debt-to-GDP ratios to unsustainable levels and produced balance-of-payments crises, they added.

Belt & Road of Debt: China's BRI turns partner nations into debtors - ET Infra

Many analysts have characterised Chinese lending through the Belt and Road Initiative (BRI) as "debt trap diplomacy" designed to give China leverage over other countries and even seize their infrastructure and resources.

infra.economictimes.indiatimes.com

Yup. What a trustworthy nation China is ?!

 

[SexyChineseLady]

Belt & Road of Debt: China's BRI turns partner nations into debtors - ET Infra

Many analysts have characterised Chinese lending through the Belt and Road Initiative (BRI) as "debt trap diplomacy" designed to give China leverage over other countries and even seize their infrastructure and resources.

infra.economictimes.indiatimes.com

Yup. What a trustworthy nation China is ?!

That reads like a lot of sour grapes from an Indian paper

There are $Trillions in investment and trade in the BRI which incorporates the vast majority of the globe's nations (150 and counting.) India is not part of it so how does it know all of those things?

You think you are smarter than 150 nations with money in the project?

 

[rockdog]

That reads like a lot of sour grapes from an Indian paper

There are $Trillions in investment and trade in the BRI which incorporates the vast majority of the globe's nations (150 and counting.) India is not part of it so how does it know all of those things?

You think you are smarter than 150 nations with money in the project?

View attachment 232594

No worry, there is a more genius project:

There will be two rounds of ocean-land exchanges on cargo, would generate huge GDP on logistics,

plus the final port will be Haifa, and the cargo will go through the peaceful neighbors of Israel.

I heard the project is going wel from 7th October.

 

[Azaad]

That reads like a lot of sour grapes from an Indian paper

There are $Trillions in investment and trade in the BRI which incorporates the vast majority of the globe's nations (150 and counting.) India is not part of it so how does it know all of those things?

You think you are smarter than 150 nations with money in the project?

View attachment 232594

That article if you read it & having read what's written comprehended it , like so many other articles & posts linked / posted by Indian members here quotes US sources named in the article. This is the reason I've asked you & your fellow wumaos to give up Baidu translate & shift to Google translate for better understanding.

The figures of each nation's debt is given there & the conversion of such debt into equity resulting in Chinese takeover of those capital investments for their own usage & commercial exploitation. Are you denying these universally known & accepted facts including by the CCP ?

 

[SexyChineseLady]

No worry, there is a more genius project:

View attachment 232595

There will be two rounds of ocean-land exchanges on cargo, would generate huge GDP on logistics,

plus the final port will be Haifa, and the cargo will go through the peaceful neighbors of Israel.

I heard the project is going wel from 7th October.

It is kind of silly since India is a very minor trading nation and Israel is perhaps the most risky and least desirable port destination in the Middle East. You would use it if you do not intend to work with none of the Muslim countries in the region.

This is reality of BRI, even the Italians who left BRI to please the US are trying to supplement the BRI with the European Gateway Project. This is an obvious attempting to stay involved while placating the US.

Meet the Italians who advocate for merging BRI and Global Gateway - Decode39

The Italy China Council Foundation argues that the EU’s answer to the Belt and Road Initiative should not replace it, but rather complement it.

decode39.com

 

[Azaad]

No worry, there is a more genius project:

View attachment 232595

There will be two rounds of ocean-land exchanges on cargo, would generate huge GDP on logistics,

plus the final port will be Haifa, and the cargo will go through the peaceful neighbors of Israel.

I heard the project is going wel from 7th October.

Alternatives to that route already exist via the Suez canal & the north south trade route thru Iran . This route too shall come into existence . You think Jordan a resource poor country can object to being a transit hub & deny all the USD it earns. Focus on the rail line to Europe. With Russia in the doghouse & freight by train 3 times more expensive apart from European objections to Chinese unfair trade practices , how long do you think this honeymoon will continue ?

 

[Azaad]

It is kind of silly since India is a very minor trading nation and Israel is perhaps the most risky and least desirable port destination in the Middle East. You would use it if you do not intend to work with none of the Muslim countries in the region.

This is reality of BRI, even the Italians who left BRI to please the US are trying to supplement the BRI with the European Gateway Project. This is an obvious attempting to stay involved while placating the US.

Meet the Italians who advocate for merging BRI and Global Gateway - Decode39

The Italy China Council Foundation argues that the EU’s answer to the Belt and Road Initiative should not replace it, but rather complement it.

decode39.com

View attachment 232597

Right now , the Italians have quit the BRI in a move causing immense public embarassment to the CCP & its Wumaos here . That's the only truth. The rest is pure speculation & wishful thinking CCP sponsored propaganda is known to indulge in.

 

[SexyChineseLady]

Vietnam has hitched its economy very closely to BRI

 

[Azaad]

Vietnam has hitched its economy very closely to BRI

View attachment 232599
View attachment 232600

How's is shifting Chinese mfg to Vietnam part of BRI ? Weren't there land borders between China & Vietnam before BRI came into existence ?

 

[SexyChineseLady]

Amazing. To be honest, I never thought I would see this day. Cars like aircraft had always been dominated by first world nations from the West and allied East Asia.

China is not only the first Global South country to be competitive but is actually on top!

 

[SexyChineseLady]

China's helicopter industry is growing very fast in the civilian space not just the Military!

These are the aircraft in development for the commercial market!

AC332

AC352

AC313A (civvy version of Z-8L)

 

[SexyChineseLady]

HSR network in China has reach 43,700 KMs:

The global network total is 59,000 KMs.

 

[MiG-29SMT]

That is very silly.

The only way to measure trust is with your money. You do not give people you don't trust your money.

More people trust China than any other country in the world

View attachment 232570

this type of graph is to fool people, commerce is not like all are chinese brands or all are high tech technology and it is easy to see considering this

Since Europe has a single currency the largest exporter is not China is Europe.

Lets us add Germany, Italy, France, Netherlands, Spain and the smaller economies an you discover the Eurozone exports more.

Example of Europes common industry is airbus, this leaves China as second place.

Spain Navantia exported aircraft carriers to Australia and license built to Turkey

China exports also products made by foreign brands

Trhe Americans still lead,

View attachment 232638

 

[MiG-29SMT]

China's helicopter industry is growing very fast in the civilian space not just the Military!

These are the aircraft in development for the commercial market!

AC332
View attachment 232624

AC352
View attachment 232625

AC313A (civvy version of Z-8L)
View attachment 232626

of course the Chinese love calling foreign designed technology their own

 

[MiG-29SMT]

It is kind of silly since India is a very minor trading nation and Israel is perhaps the most risky and least desirable port destination in the Middle East. You would use it if you do not intend to work with none of the Muslim countries in the region.

This is reality of BRI, even the Italians who left BRI to please the US are trying to supplement the BRI with the European Gateway Project. This is an obvious attempting to stay involved while placating the US.

Meet the Italians who advocate for merging BRI and Global Gateway - Decode39

The Italy China Council Foundation argues that the EU’s answer to the Belt and Road Initiative should not replace it, but rather complement it.

decode39.com

View attachment 232597

chinese cheap propaganda

since I know our Chinese friends do not speak Italian I know it is cheap propaganda

I do understand and speak il italiano the unsexychineselady does barely speaks English but the good thing of Speaking Spanish is we understand Italian easily no news about the chinese cheap propaganda

i bet he does not even listen Italian music

 

[MiG-29SMT]

It is kind of silly since India is a very minor trading nation and Israel is perhaps the most risky and least desirable port destination in the Middle East. You would use it if you do not intend to work with none of the Muslim countries in the region.

This is reality of BRI, even the Italians who left BRI to please the US are trying to supplement the BRI with the European Gateway Project. This is an obvious attempting to stay involved while placating the US.

Meet the Italians who advocate for merging BRI and Global Gateway - Decode39

The Italy China Council Foundation argues that the EU’s answer to the Belt and Road Initiative should not replace it, but rather complement it.

decode39.com

View attachment 232597

since the Chinese can not understand Meloni in Italian but I do she says no to China

 

[ym888]

Tech innovation expected to get more policy support
By MA SI and OUYANG SHIJIA | chinadaily.com.cn | Updated: 2023-12-13 22:53

An employee works on the production line of display screens at a tech firm in Hefei, Anhui province. [XIE CHEN/FOR CHINA DAILY]
China will devote more financial resources and roll out new policies to encourage companies to achieve breakthroughs in crucial technologies in 2024, as part of its broader push to cultivate new productivity boosters for economic growth amid challenges and external uncertainties, officials and experts said on Wednesday.
Specific measures could include leveraging government bonds to support innovation by companies and motivating private companies to participate in key innovation projects, they added.
The comments came after the Central Economic Work Conference, which ended on Tuesday, called for efforts to promote industrial innovation through sci-tech innovation, and in particular, to forge new industries, models and impetus with disruptive and cutting-edge technologies.
Lin Zechang, head of the Ministry of Finance's general affairs department, said at a seminar in Beijing on Wednesday that the ministry will actively support technological innovation, guarantee the funding for research on core technologies and continuously increase support for basic research.
Zhao Xijun, co-president of the China Capital Market Research Institute at Renmin University of China, said that there are many fiscal policy tools to support technological innovation, including offering companies tax rebates and setting up government-initiated innovation funds.
"The Central Economic Work Conference said China will reasonably expand the scope of local governments' special bonds for use as capital next year. It is likely the scope will be expanded to support innovation by enterprises," Zhao told China Daily.
It is also possible for the country to explore innovative methods, such as issuing special government bonds, to support strategically important innovation projects, he added.
Hong Qunlian, a researcher at the National Development and Reform Commission's Academy of Macroeconomic Research, said the tone-setting meeting made the construction of a modern industrial system through technological innovation the top priority for next year's economic work, which highlights the crucial role of innovation-driven growth in upgrading the country's economy.
The key phrase, "new productivity boosters", which was highlighted at the meeting, means China is seeking high-quality and highly efficient growth, Hong said.
Hong added that compared with traditional productivity tools that are driven by elements such as labor, land and capital, new productivity boosters are led by technological innovation and new elements such as data.
"More efforts are expected to be made to encourage companies to achieve breakthroughs in key technologies, such as chip, and other technical bottlenecks, amid intensified global competition and geopolitical uncertainties," he said. "Without breakthroughs in these areas, it is impossible to achieve industrial upgrade and industrial security."
Gao Dongsheng, chief economist at the Ministry of Industry and Information Technology, said the ministry will step up efforts to upgrade traditional industries and nurture frontier technologies, such as artificial intelligence and humanoid robots.
Han Wenxiu, executive deputy director of the office of the Central Committee for Financial and Economic Affairs, said on Wednesday that China is working to comprehensively deepen reform, which will inject new impetus into economic growth.
Han said that China, with a well-established industrial system and strong supporting capabilities, possesses unique advantages. He said the country's breakthroughs in technologies, particularly in artificial intelligence, commercial aerospace, quantum technology and bio-manufacturing, are rapidly advancing.
Zhang Shixian, a researcher at the Chinese Academy of Social Sciences' Institute of Industrial Economics, said, "The meeting emphasized strengthening the leading role of enterprises in technological innovation, which will contribute to better aligning technological innovation with economic development."
The government is likely to roll out more policies to encourage enterprises, especially private companies, to participate in key innovation projects, Zhang said.
Gao Wei, a professor at the Central University of Finance and Economics' School of Economics, said it is worth noting that the meeting also highlighted the role of venture capital and private equity in nurturing innovation, during which market-driven mechanism will be fully used.
Zhou Hongyi, founder of Chinese cybersecurity company 360 Security Group, said the meeting provides clear guidance for China's industrial transformation and points to the direction the country should take to promote global economic recovery.
"We will push more to promote innovation and help strengthen the security of industrial and supply chains," Zhou said.
Frank Meng, chairman of Qualcomm China, said China's enthusiasm for innovation-driven growth is offering more opportunities for the company.
"Qualcomm's cooperation with Chinese partners has been instrumental in advancing development of technology and introducing products to the global market," Meng said.