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China Watch Thread

China Asia CCP Taiwan Hong Kong East Asia economy society politics Africa

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Poll: PRC vs. USA (26 member(s) have cast votes)

When will China surpass the USA?

  1. 2018-2024 (12 votes [46.15%])

    Percentage of vote: 46.15%

  2. 2025-2029 (11 votes [42.31%])

    Percentage of vote: 42.31%

  3. After 2030 (2 votes [7.69%])

    Percentage of vote: 7.69%

  4. Never (1 votes [3.85%])

    Percentage of vote: 3.85%

Vote Guests cannot vote

#961
BarkEater93

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So China has found itself in an interesting position: it is now caught in a trade spat with the United States.
 
For its part, the United States wants to protect its labour force from what it sees as unfair trading practices with one of its largest trading partners. The United States is merely acting in its own self-interest. Historically, tensions in trade are normal. Protectionist measures implemented by the United States are just a reminder that sometimes free trade doesn’t always work. In an era where the nation-state reasserts itself, disagreements over trade are to be expected.
 
Even so, China is already having a hard time absorbing what the United States has brought to bear. Before the first round of tariffs have even been put into effect, the yuan’s value has plummeted to the lowest level it’s been in years. Beijing is scrambling to contain the fall. For such a heavily regulated currency, the threat of tariffs has already put it off balance. A lowering of the yuan has far-reaching effects for the Chinese economy, and hints at its many vulnerabilities.
 
The proper diplomatic response for China would be a policy of accommodation with the United States that would stop the conflict from escalating and further damaging the Chinese economy. But Xi can’t be seen as weak. He must retaliate. Xi and the Communist Party have long pushed the narrative that China is a strong power. And now, faced with this challenge, they must prove it. They must prove it not only to the world, but to their own people.
 
Xi has become the de-facto emperor of China, and has vowed to fix its problems. But China’s populace is becoming increasingly frustrated, faced with growing economic hardship. If Xi could show the Chinese that he has stood up for China and bloodied the nose of the United States, then maybe they can be made to put their grievances aside and remain loyal to him. There is a greater sense of urgency for the Communist Party to quell such frustrations.
 
As expected, unrest is building up inside of China. The PLA veteran protests staged in Zhenjiang and Henan are just the latest in a round of demonstrations being held across the country. They’re being held by a wide range of Chinese, whether they be migrant workers, professors or government workers. Heavy police presence (especially in Tibet and Xinjiang) and extreme censorship of the Chinese media have prevented large movements from forming and spreading thus far, but they haven’t stopped the sentiment.
  
So Xi must demonstrate China’s power. We will see how well China can retaliate and how much strength it can muster.  


#962
Yuli Ban

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China breaks quantum entanglement record at 18 qubits

Physicists in China just broke a new record by achieving quantum entanglement with 18 qubits, surpassing the previous record of 10. This significant breakthrough puts us one big step closer to realizing large-scale quantum computing.
In a new record, Pan Jianwei and colleagues at the University of Science and Technology of China, eastern China’s Anhui Province, demonstrated a stable 18-qubit state. The previous record of 10 qubits was set by the same team. The breakthrough was made possible by simultaneously manipulating the freedom-paths, polarization, and orbital angular momentum of six photons.


  • Sciencerocks and Alislaws like this

And remember my friend, future events such as these will affect you in the future.


#963
As We Rise

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Hopefully we don't have to get to that point (war), with or without US.

This is a war America cannot win. If the American president is really stupid enough to commit to a trade war with China, this will be his own undoing, as well as the entire nation's.

 

Ahahahahaha


  • BasilBerylium likes this

History will remember Trump supporters as brainwashed as*holes who voted against their own freedom, self-preservation, and right to live.


#964
caltrek

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There is an interesting article in the July 16 - 23, 2018 edition of The Nation. It argues that China is financially unstable.  This is a somewhat different argument than holding that China is due for a political collapse.  Factors that the article point out:

 

  1. China is in the midst of a real estate bubble. China's real estate sector accounts for an estimated 15 percent of GDP and 20 percent of the national demand for loans.  
  2. Financial suppression in which interest rates on deposits are kept low.  This is linked to wild fluctuations in stock prices   The Shanghai index dropped 40 percent in the summer of 2015.  Although the stock markets stabilized in 2017, a huge sell-off of stocks occurred in February 2018.
  3. There is a virtual monopoly on credit access held by export-oriented industries, sate-owned enterprises, and the local governments of favored coastal regions.  Demand for credit from other sectors has been met by so-called shadow banks. The system transactions of this shadow banking system is through a a network of financial intermediaries whose activities and products are outside the formal, government-regulated banking system.  Estimates of trades carried out in China's shadow banking sector range from $10 to $18 trillion.  Non-performing loans of this shadow-banking system could end up being "transferred" to the formal banking sector.  
  4. The combination of a overheated real estate sector, a volatile stock market, and an uncontrolled shadow-banking system could well result in a major crisis. 

 

Here is a link to the article: https://www.thenatio...conomic-threat/


The principles of justice define an appropriate path between dogmatism and intolerance on the one side, and a reductionism which regards religion and morality as mere preferences on the other.   - John Rawls


#965
Yuli Ban

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Why developing countries can’t resist joining China’s massive infrastructure plan

There is an understandable trepidation about China’s Belt and Road Initiative. The problem is, there is a tendency to analyse it solely through the lens of China the adversary, forgetting that numerous countries along the way are affected by this foreign policy initiative and their calculation around China has to be very different.
For them, China the adversary is a second-order issue, often trumped by the necessity of seeking either inward investment or a balancer against other regional powers.
 
If the world wants to find a way of reacting, countering or engaging with the Belt and Road, this is the chief element to bear in mind. Simply rejecting, shouting about or expecting people to reject China’s massive infrastructure plan will have little impact on Beijing’s foreign policy concept.


And remember my friend, future events such as these will affect you in the future.


#966
starspawn0

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Inside China’s Dystopian Dreams: A.I., Shame and Lots of Cameras


https://www.nytimes....technology.html
  • Yuli Ban likes this

#967
caltrek

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Apple launches a $300 million fund to bring clean energy to China

 

https://www.theverge...ean-energy-fund

 

Entire Article:

 

(The Verge) Apple has announced a new investment fund to boost clean energy in China by connecting suppliers with “renewable energy sources,” according to a press release.

 

The company says it will work with 10 other suppliers to jointly invest $300 million over the next four years. The end result is what Apple calling “the China Clean Energy Fund,” which will “invest in and develop clean energy projects” that total more than 1 gigawatt of renewable energy in the country. That’s enough to power 1 million homes, according to the company. A third party, DWS Group, will manage the funds and invest.

 

Overall, Apple and its suppliers hope to generate more than 4 gigawatts of clean energy by 2020.

 

This announcement follows Apple’s previous dives into renewable energy projects over the past few years. In 2015, it launched the Supplier Clean Energy Program, committing 23 of Apple’s manufacturing partners to use entirely clean energy, and earlier this year, the company claimed that it purchases enough green energy to offset the global power consumption at its facilities worldwide.

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The principles of justice define an appropriate path between dogmatism and intolerance on the one side, and a reductionism which regards religion and morality as mere preferences on the other.   - John Rawls


#968
Yuli Ban

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Chinese activists deface pictures of Pres. Xi Jinping in support of missing 'ink splashing' protester

Activists have posted images of ink splashed across pictures of Chinese president Xi Jinping after a woman who pulled a similar stunt in Shanghai disappeared from Twitter soon afterwards.
A Twitter user by the handle @feefeefly shared a livestream of herself splashing ink a Xi billboard and declaring that she opposed his “tyranny” last Wednesday. That afternoon, she posted photos of what appeared to be police officers outside her door before her account was deleted, sparking fears that she had been detained.
Twitter users identified her as Dong Yaoqiong, believed to be from Zhuzhou, Hunan.

Why would people want to deface the portrait of their leader?


And remember my friend, future events such as these will affect you in the future.


#969
caltrek

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Ummm....that is not China's leader.

 

Of course, give it enough time.....maybe.


The principles of justice define an appropriate path between dogmatism and intolerance on the one side, and a reductionism which regards religion and morality as mere preferences on the other.   - John Rawls


#970
Yuli Ban

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China is investing 9 times more into Europe than into North America, report reveals

China is investing nine times more into Europe than it is into North America as policies force divergence, a report released this week reveals.
Chinese outbound foreign direct investment (FDI) has dramatically swung toward Europe in the first half of 2018 and its FDI into North America has dropped by a whopping 92 percent in the last year, from $24 billion to $2 billion, according to multinational law firm Baker Mackenzie.
In the first six months of the year, newly-announced Chinese mergers and acquisitions (M&A) into Europe were $20 billion compared to $2.5 billion in North America, while completed Chinese investments in Europe exceeded those in North America six-fold, at $12 billion compared to $2 billion.


And remember my friend, future events such as these will affect you in the future.


#971
Yuli Ban

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CIA official: China wants to replace US as world superpower

The goal of China's influence operations around the world is to replace the United States as the world's leading superpower, the CIA's Michael Collins said Friday.
Speaking at the Aspen Security Forum during a session on the rise of China, Collins, the deputy assistant director of the CIA's East Asia Mission Center, said Chinese President Xi Jinping and his regime are waging a "cold war" against the US.
"By their own terms and what Xi enunciates I would argue by definition what they're waging against us is fundamentally a cold war, a cold war not like we saw during the Cold War, but a cold war by definition. A country that exploits all avenues of power licit and illicit, public and private, economic and military, to undermine the standing of your rival relative to your own standing without resorting to conflict. The Chinese do not want conflict," Collins said.


And remember my friend, future events such as these will affect you in the future.


#972
Yuli Ban

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Chinese president in Africa to boost economic, military ties

Chinese President Xi Jinping has arrived in Senegal as part of a four-nation African tour to develop stronger economic and military ties with the African nations.
Xi landed in Dakar on Saturday ahead of a summit of the BRICS emerging economies in South Africa. The summit comes amid the US trade war with China and tough trade talks with other key partners.
He will also visit Rwanda and the Indian Ocean island nation of Mauritius to further cement China’s role as one of Africa’s closest economic, diplomatic and military allies.
China, Africa’s largest trading partner, has opened its first military base on the continent, in Djibouti, last year.


And remember my friend, future events such as these will affect you in the future.






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