China Economy: News & Discussion

[rockdog]

China to overtake US as largest global economy by 2028: report

Chinese economy to overtake US by 2028: report – DW – 12/26/2020

China's response to the coronavirus pandemic has cleared its path to become the world's largest economy before the end of the decade, according to a new report by a UK think tank.

www.dw.com

 

[NAMICA]

China to overtake US as largest global economy by 2028: report

Chinese economy to overtake US by 2028: report – DW – 12/26/2020

China's response to the coronavirus pandemic has cleared its path to become the world's largest economy before the end of the decade, according to a new report by a UK think tank.

www.dw.com

That's why u released corona virus.

 

[Indx TechStyle]

Guys, stop spamming this thread with sensationalist bullshit now.

The "propaganda warriors" have already made this thread look like an unreliable piece of shit on China. Will get banhammer.

 

[Kumata]

China orders Jack Ma's Ant Group to return to its roots in payments services

Chinese regulators ordered Jack Ma’s online financial titan Ant Group to return to its roots as a provider of payments services, threatening to throttle growth in its most lucrative businesses of consumer loans and wealth management

www.livemint.com

looks like jck ma is in trouble with CCP

 

[Knowitall]

China orders Jack Ma's Ant Group to return to its roots in payments services

Chinese regulators ordered Jack Ma’s online financial titan Ant Group to return to its roots as a provider of payments services, threatening to throttle growth in its most lucrative businesses of consumer loans and wealth management

www.livemint.com

looks like jck ma is in trouble with CCP

One of the core tenets of communist or 1 party states is that no single individual or entity outside the govt can have enough power to influence or affect the states policies. jack ma was growing too influential and will now be cut to size and brought in line with other private but state influenced companies.

 

[Haldilal]

China orders Jack Ma's Ant Group to return to its roots in payments services

Chinese regulators ordered Jack Ma’s online financial titan Ant Group to return to its roots as a provider of payments services, threatening to throttle growth in its most lucrative businesses of consumer loans and wealth management

www.livemint.com

looks like jck ma is in trouble with CCP

Yeah every businessman is a CCP Member see this documentary. From 17 : 15.

 

[johnq]

China’s ‘tainted’ cotton

www.bbc.co.uk

China’s ‘tainted’ cotton
China is forcing hundreds of thousands of Uighurs and other minorities into hard, manual labour in the vast cotton fields of its western region of Xinjiang, according to new research seen by the BBC.

Based on newly discovered online documents, it provides the first clear picture of the potential scale of forced labour in the picking of a crop that accounts for a fifth of the world’s cotton supply and is used widely throughout the global fashion industry.

 

[johnq]

Uyghur people ‘imprisoned, pillaged and destroyed’ for natural resources in Xinjiang
The land in Xinjiang is very rich in natural resources, hence why the Uyghur people have been pillaged, destroyed and forced into concentration camps by China, according to the Australian Uyghur Tangritagh Women's Association. “Concentration camps have always existed, but probably from 2016 onwards there’s a very credible report from the ASPI which has done satellite imaging which proves that there is 380 prisons currently,” Ms Chanisheff told Sky News. “Having more than anything between one-and-a-half million to three million in these concentration camps.” Ms Chanisheff said the concentration camps “have always been, or are attached to factories” which produce by-products and products which are “sold to the Western World”. “It’s forced labour, it’s organ harvesting,” she said. “East Turkestan sits on the Silk Route so it’s very rich in natural resources … hence the occupation and the pillage and the destruction of the Uyghur people.”

 

[johnq]

Gravitas: Chinese State-owned enterprises default on $6.1 billion worth of bonds
China says its economy is back on track. But, Chinese state-owned companies can't keep up with their EMIs. According to Fitch Ratings, China's state-owned firms defaulted on a record $6.1 billion worth of bonds between January and October.

 

[johnq]

Gravitas: Why China is buying rice from India
After making claims of a bumper harvest this year, China is buying 100,000 tonnes of rice from India. Is China running short of food supplies? Molly Gambhir tells you why China decided to order Indian rice after at least 30 years.

 

[johnq]

Gravitas: How debt defaults in China could impact the global economy
Major state-owned companies in China have defaulted on their debts. But, they may not get help from Beijing. China seems willing to allow some firms to collapse. WION's Palki tells you why the global economy will feel the tremors if state-owned firms shut shop in China.

 

[johnq]

In Debt To China, What If Countries Can’t Pay Up?
President Xi Jinping’s Belt and Road initiative (BRI), also known as the ‘One Belt One Road’ initiative is seen as a transformative global trade network, reconnecting places along the historic Silk Road trade route with new ports, highways and railroads. China has since guaranteed concessional loans to finance constructions in the China-Pakistan Economic Corridor (CPEC) and in Sri Lanka’s Hambantota Port. But the #COVID19 pandemic has affected these developing countries’ ability to service its debts. Experts worry that the Belt and Road initiative is laying a debt trap for borrowing governments and in turn, causing a huge debt burden for China. Will the Belt and Road initiative be able to come to fruition given the current economic climate?

 

[johnq]

Gravitas: Is China caught in its own debt trap?
The Coronavirus pandemic has triggered a major crisis for China. Countries under Chinese debt are demanding relief. Beijing has paused debt repayment for 77 countries. But, there is a growing demand for waivers. Is China caught in its own debt trap? WION's Executive Editor Palki Sharma Upadhyay tells you more.

 

[Haldilal]

Gravitas: Why China is buying rice from India
After making claims of a bumper harvest this year, China is buying 100,000 tonnes of rice from India. Is China running short of food supplies? Molly Gambhir tells you why China decided to order Indian rice after at least 30 years.

Ya'll Nibbiars why to export rice to China when they had a bumper harvest?.
They sale fake food export to us.

How notorious Chinese firms sell sugar syrup to adulterate honey in India

The Centre for Science and Environment (CSE) alleged that Chinese companies were exporting sugar syrup as 'fructose syrup' to India with claims that it could bypass the basic tests specified for selling honey in Indian market

www.businesstoday.in

 

[johnq]

President Donald Trump has been threatening China with decoupling the US economy from the China economy. So in the recent Fifth Plenum of the Chinese Communist Party, where China lays out the next five year plan for the Chinese economy, Chinese Chairman Xi Jinping laid out what he called the dual circulation economy. And it shows one thing—the Chinese Communist Party is terrified of the US decoupling from China.

 

[johnq]

Gravitas: How debt defaults in China could impact the global economy
Major state-owned companies in China have defaulted on their debts. But, they may not get help from Beijing. China seems willing to allow some firms to collapse. WION's Palki tells you why the global economy will feel the tremors if state-owned firms shut shop in China.

 

[Haldilal]

Gravitas: How debt defaults in China could impact the global economy
Major state-owned companies in China have defaulted on their debts. But, they may not get help from Beijing. China seems willing to allow some firms to collapse. WION's Palki tells you why the global economy will feel the tremors if state-owned firms shut shop in China.

Ya'll Nibbiars I told this is very earlier but few memeber specially Chinese members tried to shoe off me. But I told many companies and The Local Goverments will default the Loans.

 

[rockdog]

Ya'll Nibbiars why to export rice to China when they had a bumper harvest?.

It's cheap as $USD300/ton, for making noddle, and addon for Wine.

Just a common economic behaviour.

30年首次！中国进口印度大米10万吨！为何？_腾讯新闻

new.qq.com

 

[johnq]

China Is Running Out of US Dollars
China is facing an economic collapse because of a financial crisis caused by a shortage of US dollars. The coronavirus economy and the US China trade war, plus US sanctions on Hong Kong, risk cutting off Chinese banks from the US dollar, which could have a devastating effect on the Chinese economy. And China uses dollars for everything, from loans to investments as part of the China Belt and Road Initiative. But with an economic depression facing the global economy because of the coronavirus, the China economy might have a chance to recover and grow its supply of US currency.

 

[johnq]

For Hindi-speaking viewers:
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