| Should China give a hand to the EU? | |
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| Dec 8, 2011 20:48 | #11   |
 | Bobert, China's development is way beyond what u can expect and the Chinese is not in the way you think of them due to your experience limitations. Whether or not the global economy is collapsed involves only two factors, i.e., China and US. There is no reason that China give a hand to EU, NO Way! Exports of low end products starts weighing less and less and could never be a big hit to China any more. However, I just cannot immagine how the poor US people afford daily expenditure without Chinese cheap supplies! |
Last edited by XIAOBAIHE: Dec 8, 2011 20:50 | |
| Dec 8, 2011 21:55 | #12 |
| China’s Exports to Slow Down in 2012 By Esther Tanquintic-Misa | December 7, 2011 12:49 PM EST With Europe, China's most important market for exports, already hitting recession, crippled by its countries' maddening debt troubles, the world's second-largest economy may have to consider revising its current trade policies. REUTERS Exports have long been China’s main driver of its economic growth. In October, exports increased 15.9 per cent to $157.49 billion compared a year ago. However, it was the lowest growth rate seen for exports in five months, Xinhua News, according to the General Administration of Customs, reported. "Significantly weakened external demand" from its partner nations and markets will push China's exports to decelerate in 2012, Wang Tao, an economist with the financial-services firm UBS AG, said in China Daily. Exports have long been China's main driver of its economic growth. In October, exports increased 15.9 per cent to $157.49 billion compared a year ago. However, it was the lowest growth rate seen for exports in five months, Xinhua News, according to the General Administration of Customs, reported. The slash in exports contrasts the rapid growth seen in the value of China's imports, seen to reach $360 billion this year. In anticipation of a massive domino effect, the government will provide more financial support for exporters, Vice-Premier Wang Qishan said when he met with Chinese importers and exporters during a visit to Shenyang, the capital of Liaoning province. Moreover, taxes imposed on import and export companies will be reduced. China will also focus on the difficulties of small and medium-sized exporters, Wang noted. China's commerce ministry has also been working double time, trying to sustain exports of products that were cheaply made in China, promoting exports of products with high-added value at the same time promoting technology, branding, quality and service. The government will push to increase imports, keen on some of the "unreasonable barriers" involved in importing to make it more convenient to bring goods and services into the country, Wang Qishan. "With policy easing under way and another investment-biased stimulus coming, we expect imports to outpace exports," Wang Tao said. "The share of consumer goods imports is expected to rise gradually as China moves to promote domestic consumption |
| Dec 8, 2011 22:33 | #13 |
| Quote:Originally Posted by XIAOBAIHE Insulting me wont alter the facts XIAOBAIHE. I am reasonably experienced in financial matters and visit both China and the US to gain more information first hand. In my opinion US citizens do not need Chinese exports as you so simplistically and arrogantly suggest. They are readily available from many other third world countries and are quickly becoming far cheaper than those produced in China. However China does need export markets or risk imploding. Your own government is fully aware of that fact (apparently they are better informed than you) but also knows those markets are rapidly drying up due to the coming global recession. "Whether or not the global economy is collapsed involves only two factors, i.e., China and US." Preposterous and absurd! Neither country can survive in an economic vacuum. The world is irretrievably interconnected and all countries are interdependent. That acutely affects China. Far more so than the US which has thriving domestic consumption. The US holds all the aces in the coming economic war. Chinas hand is almost empty. The only thing China has is billions of dollars invested in US bonds which the US must eventually repay. However there is an old saying. If you owe the bank one thousand dollars then you have a problem. If you owe the bank one million dollars then the bank has the problem. China now owns the problem. |
| Dec 8, 2011 23:03 | #14 |
| XIAOBAIHE: Apparently The Guardian newspaper also has "experience limitations." Headline; Why China needs to shore up the yuan December 9, 2011 - 3:47PM Predictably enough, the focus of financial markets in recent days has been on Europe and the attempts of Angela Merkel and Nicolas Sarkozy to piece together a deal that will safeguard the future of the euro. But interesting things are happening in other parts of the world, notably China, where fears of a hard landing have led to the currency coming under downward pressure. The US dollar was buying 6.3630 yuan today, up from a low of 6.3190 early November. An interesting note from Michael Derks, chief strategist at FxPro, points out that the People’s Bank of China has been dipping into its huge stockpile of US dollars in order to prevent the yuan from declining. This is a rare occurrence: October’s intervention was only the second time in 11 years that it has needed to shore up the Chinese currency. Derks said: ‘‘Worried by slowing growth in China and falling property prices, and with credit conditions tightening not just in Europe but all other the world, some investors have started to pull capital out of the country.’’ China’s growth rate is clearly slowing, and that has already prompted a policy U-turn by the authorities in Beijing, who have relaxed credit conditions in recent weeks. Despite some rebalancing of the economy towards domestic demand, China remains highly vulnerable to a drop in demand for its exports. And it may be too late to prevent a property crash, given the size of the bubble that was allowed to develop. In those circumstances, it is not difficult to see why there should be downward pressure on the currency. But China is still running a huge trade surplus, particularly with the United States, and Washington would not look kindly - to put it mildly - if Beijing allowed the yuan to slide on the foreign exchanges, thereby making China’s exports cheaper. The Guardian |
| Dec 9, 2011 21:11 | #15 |
| Bobert, u never know the real property where u work could be owned by Chinese, and the company u work with has chinese co-owners and the USA is loosing the ground in high end market...Let's wait and see what it will be like in 10 years...! Bobert, u are proud of who u are as westerners, the same happen with us, we are proud of ourselves as chinese. in that sense, I say u are limited to your experience and your perceptions in terms of the way u see Chinese and Mainland China. I cannot see u ever travel in our land and learn about our cultures in real sense! |
| Dec 9, 2011 22:46 | #16 |
| Careful XIAOBAIHE...your inferiority complex is showing. You really have no idea what your talking about. You have a stereotypical view of westerners which is totally at odds with reality. I am not proud of being a westerner as you believe. It's of absolutely no consequence to me whatsoever where or what race I was born. I am not in a racial competition like you. I don't believe my country or my race is better or worse than any other. I was simply fortunate enough to be born at a time and place where the system afforded me an opportunity to fulfill my potential for a happy life. If that had occurred in China, or USA or Zimbabwe then I would be just as content. I am not nationalistic like you. I am not racist like you either. Nor am I blind to the faults in my country and faults in my government. I dont see China as a threat the way you obviously hope it will one day become. How sad for you. Hoping to take over the world. Hegemony and hubris like you display here has been the downfall of many nations before you. You actually believe China will surreptitiously and cunningly take over the world. If that strategy fails I wonder what next you have in mind. War? Personally I am quite relaxed that my government allows Chinese companies to buy real estate and business ventures in my homeland. Once here, very few return. I wonder why. |
Last edited by BOBERT: Dec 9, 2011 22:47 |
| Dec 10, 2011 18:35 | #17 |
| Bobert, where are you from, Europe? why you are still staying in new continent and never come back? Changing status quo is a pain processing that affects each nation and individual. We prefer Utopia to the society with borders due to class difference, race and enthic differences, as you said. The current global order or rules benefit some including you but oppress others. If the cards are to be rewashed and the global hierarchical organiztion is to be changed, the upside down strata would bring some bitterness and other happiness. We can ignore the reality but cannot avoid consequence we are facing. Human society is far from ideal one. Giving a helping hand is based on mutual benefits. As you guys boast it, you give lots of material humanity help to other weak nations BUT YOU just give them food to eat for the time being and NEVER teach them how to earn food for better life. Why? That is because YOU don't want to change the status quo that benefits YOU! China, as an excellent nation, is exactly not what YOU want for ever! |
Last edited by PSYCHIATRIST: Dec 10, 2011 18:38 |
| Dec 10, 2011 21:28 | #18 |
| "Bobert, where are you from, Europe?" No, I am not from Europe. It appears you need to know someones nationality in order to criticise their opinion. That says a lot about you. My nationality says nothing about me. I said above that my nationality has no bearing on my argument so why do you need to know where I am from? XIAOBAIHE says China is taking over the world by stealth. However PSYCHIATRIST says China is an "excellent" altruistic nation only interested in advancing the prosperity of poorer countries. PSYCHIATRIST says China prefers utopia? Are you crazy? China striving for utopia? That's not what I see happening in China right now. "We prefer Utopia to the society with borders due to class difference, race and enthic differences". Which planet are YOU from? PSYCHIATRIST insists the west wants to maintain the status quo and suppress poor countries. But XIAOBAIHE says China is buying business and real estate throughout the world to increase Chinese power and control. XIAOBAIHE infers that the west should be fearful of increased Chinese influence. Until you guys get together and know what it is that you actually want I think the west has nothing to worry about. |
Last edited by BOBERT: Dec 10, 2011 21:29 |
| Dec 11, 2011 21:28 | #19 |
| <<Until you guys get together and know what it is that you actually want I think the west has nothing to worry about.>> What , do you think, the west worries about before? What is distiguishing between 'the west' and 'China' to the guy who has no identity bearings? |
| Dec 12, 2011 01:03 | #20 |
| Quote:Originally Posted by PSYCHIATRIST What , do you think, the west worries about before? What is distiguishing between 'the west' and 'China' to the guy who has no identity bearings? Sorry, but I can't understand this. I only understand English. Which language is this? Martian? |
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