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PRC Economy - New Reflections : April 20 2015

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Austin
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Re: PRC Economy - New Reflections : April 20 2015

Postby Austin » 05 Nov 2017 16:39

David Stockman‏ @DA_Stockman

Chart of the Day: The New Middle Kingdom Of Debt http://davidstockmanscontracorner.com/chart-of-the-d

Image


Austin
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Re: PRC Economy - New Reflections : April 20 2015

Postby Austin » 13 Dec 2017 17:44

The US suspects China of trying to create its own economic order

https://ria.ru/economy/20171213/1510787236.html
WASHINGTON, Dec 13 - RIA Novosti, Ekaterina Sobol. The US suspects China of trying to build its economic world order bypassing international rules, US Secretary of State Rex Tillerson said in a speech at the Atlantic Council in Washington.

"China's policy -" one belt - one way "is a continuation of its economic development.Our policy is not to try to hinder China's economic development, but China's economic development in our understanding should work in the system of international economic norms, and" one belt is one way " seems to be trying to find its own rules and norms, "Tillerson said, commenting on China's creation of the Silk Road.

He added: "All countries in the region should have equal access to free trade."

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Re: PRC Economy - New Reflections : April 20 2015

Postby Rishirishi » 15 Dec 2017 05:52

Austin wrote:The US suspects China of trying to create its own economic order

https://ria.ru/economy/20171213/1510787236.html
WASHINGTON, Dec 13 - RIA Novosti, Ekaterina Sobol. The US suspects China of trying to build its economic world order bypassing international rules, US Secretary of State Rex Tillerson said in a speech at the Atlantic Council in Washington.

"China's policy -" one belt - one way "is a continuation of its economic development.Our policy is not to try to hinder China's economic development, but China's economic development in our understanding should work in the system of international economic norms, and" one belt is one way " seems to be trying to find its own rules and norms, "Tillerson said, commenting on China's creation of the Silk Road.

He added: "All countries in the region should have equal access to free trade."


Or rather it is trying to create an alternative to US rule.

Austin
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Re: PRC Economy - New Reflections : April 20 2015

Postby Austin » 15 Dec 2017 14:00

Chart of the Day: Red Ponzi Update---The Party (Congress) Is Over

Image

http://davidstockmanscontracorner.com/c ... s-is-over/

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Re: PRC Economy - New Reflections : April 20 2015

Postby chola » 16 Dec 2017 16:51

Rishirishi wrote:
Austin wrote:The US suspects China of trying to create its own economic order

https://ria.ru/economy/20171213/1510787236.html


Or rather it is trying to create an alternative to US rule.



OBOR is aimed at changing the dynamics of a global trade system that has been held in the hands of the Anglo-Saxon sea-powers from the UK to the US since the colonial age. The chinis had profited from the Western led trade structure until they are big enough to break out of it.

Being big enough is the most important criteria. No one would give a chit about OBOR if it were a scheme by Nigeria because there would be no money to back it up. But Cheen has a printing press and the world knows it.

Being big enough also means you are able to break gora control of the commanding heights of industry such as airliners and the global banking system.

There are 785 orders for the C919 and 413 for the ARJ-21 because the PRC has a big enough market to absorb over a 1000 aircraft that no one else wants and create thousands of jobs for a company Comac that did not exist barely 15 years ago.

The banking industry has suffered a sea change in the last 15 years with four of the top five banks in the world by assets being Cheen. They are the muscle behind the chini push into Africa and South America for markets and resources. And now OBOR which is the same but on the much more geopolitically challenging Eurasian landmass.

Reaching that size will eventually lead Bharat to do the same. No great economic power will meekly accept the rules set by others. Japan accepted the US lead in the 1980s because the American economy is larger and, because of demographics, will always be larger. That is not the case with Cheen or India.



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Re: PRC Economy - New Reflections : April 20 2015

Postby chanakyaa » 25 Dec 2017 21:19

Massive lithium deposit found in Sichuan
A giant lithium deposit found in Southwest China's Sichuan Province this year should reduce China's reliance on imports as energy experts called for protection of its exploitation and the creation of a strategic reserve.

A 519,500-ton lithium deposit was found this year at Keeryin Ore Concentration Area, Aba Tibetan and Qiang Autonomous Prefecture of Sichuan, the Institute of Multipurpose Utilization of Mineral Resources in Chengdu, Sichuan under China Geological Survey confirmed with the Global Times on Monday.

The outcrop ore bodies were 88 to 1,553 meters long and two to 35 meters wide and a massive ore deposit, the institute indicated in a notice on its website in November.

More than 2,000 tons of rubidium were also detected in the area.

The breakthrough suggests that Keeryin still has the potential for more mineral resources and could contribute to making Aba the "lithium valley" of China, the institute said.

"China is one of the biggest consumers of lithium, which is mainly used to make batteries for electric automobiles and bicycles," Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University, told the Global Times on Monday.

With new energy cars, lithium's value is obvious. A shortage of lithium could limit development of the industry, Lin noted.

China relies on imports for 80 percent of its cobalt and 70 percent of its lithium and nickel, the Xinhua News Agency reported in November.

"Apart from finding the deposit, the government should strengthen control of exploitation of the lithium mine and make a strategic reserve out of it," Lin said, noting that legislation is also necessary to protect such resources.

Global lithium demand will increase to 1 million tons in 2026 from 189,000 tons in 2016, mainly because of the battery industry, according to cbea.com, an energy-related news website under the China Industrial Association of Power Sources.

China's consumption of lithium in 2016 accounted for 47 percent of the world, cbea.com reported on Monday.

Chinese auto manufacturer Great Wall in September secured an agreement with Western Australian mining company Pilbara Minerals to ensure lithium supply for their electric car range, according to the Xinhua report.

Currently the Pilgangoora operation has a capacity of about 2 million tons of lithium a year, but the new deal should see the figure rise to more than 5 million tons.

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Re: PRC Economy - New Reflections : April 20 2015

Postby A_Gupta » 25 Dec 2017 21:45

I think just size is not sufficient. The global belief that there is political stability, the rule of law and low corruption is necessary for an economic giant to be able to shape the global economy around itself.

Austin
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Re: PRC Economy - New Reflections : April 20 2015

Postby Austin » 30 Dec 2017 16:50

With the new global circumstances, especially the challenges from US tax reform, China is facing a very complicated situation and a lot of pressure. In the next three to five years, allowing debt to increase by 30 trillion yuan ($4.6 trillion), while not optimal, may be the most practical way for China to deal with this predicament.

China's New Economic Challenges Require More Debt




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