Chinese Economy Watch


China never will control south America you are just dreaming, for starters while China has invested in Brazil, many projects have Brazilian counter parts, and some projects are pipe dreams.

Tierra del Fuego: controversy over failed Chinese port plan
Cristina Papaleo

06/21/2023June 21, 2023
China's technological advance in Argentina is not new, but the cancellation of the project for a port and an industrial hub in Tierra del Fuego revived the controversy. What environmental and economic dangers does it pose?
Colombia is not prepared for the Chinese investment boom
Even as the Petro Government seeks to diversify its partners, growing political, security and contracting risks affect Chinese companies' perception of the country, report warns
BY JULIETA PELCASTRE/DIALOGUE
OCTOBER 10, 2023
China's dreams of expanding its influence and participation in Latin America and the Caribbean through commercial projects and infrastructure are clouded by being involved in problems of corruption, financial difficulties and criticism for the quality of its construction. These Chinese fantasies have become nightmares and horror stories for many countries.
Dragon Mart

In 2015, Mexico canceled the Chinese Dragon Mart megaproject in Cancún, Quintana Roo, due to the lack of authorizations for its construction and the impact on ecosystems and coastal roads in wetland areas, reported the Mexican magazine Proceso.

This project, which began in 2013 and faced opposition from local authorities, environmentalists, business and social organizations, had planned 722 homes, 20 commercial warehouses and 3,000 stores, on an area of 561 hectares, reported the Mexican newspaper El Financiero.

Coca Elbow Sinclair

The Ecuadorian government and the Chinese contractor Sinohydro remain in talks to resolve the problems that prevent the official reception of the Coca Codo Sinclair hydroelectric plant, despite the fact that it began operating in 2016, BNamericas reported on May 4.

Sinohydro carried out the construction of the dam at a cost of close to USD 3.44 billion, while Ecuador invested an additional USD 600 million in the transmission lines, he said.

The Government refuses to formalize the reception of the plant, due to the existence of thousands of irreparable cracks and other problems that, in 2018, led the Comptroller's Office to conclude that the work did not meet the criteria for reception of public works, he detailed. .

Bogotá Metro

The Bogotá Metro Company, in Colombia, imposed a fine of USD 196,000 on the Chinese concessionaire Metro Línea 1, which builds part of the first line of Bogotá's mass transportation system,
for failing to deliver studies and preliminary designs that they should have delivered. at the end of 2022, reported the newspaper El País.

He indicated that the contract for the construction of the first line was signed in November 2019 with the Chinese consortium APCA Transmimetro, who committed to completing the work in 2028. Line 1 will be 23.6 kilometers and is currently only 20 kilometers advanced. percent. The Chinese consortium argued for variables not considered and will appeal the sanction, the Andrés Bello Foundation announced on July 27.

Rositas Hydroelectric Plant

In 2018, Bolivia suspended the Rositas hydroelectric project due to opposition from affected communities, the environmental journalism platform Mongabay reported. In January 2022, the companies China Three Gorges and China International Water & Electric did not provide alternatives for the populations that were going to be flooded.

The hydroelectric project had the objective of being built on the Río Grande, in Santa Cruz, near the confluence with the Rositas River, in an area of 150,000 hectares. It was expected to flood an area of 449 km2, equivalent to three times the urban area of La Paz, he explained. The project was financed by more than $1.5 billion from China's Eximbank.

Despite the suspension, there is a possibility that the Rositas project will be reactivated. Mongabay pointed out that this controversial project, with more than five decades of history in Bolivia, has not been subjected to an environmental impact study nor has it gone through the prior consultation process. To date, each Bolivian government has attempted to reactivate it.

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“The dynamics that cast shadows on Chinese aspirations negatively impact the international reputation of these companies. We are not alone in observing project failures in the region, since failures of Chinese projects are also recorded in South Asia and Africa,” said Cesarin. “In Latin America, the perception towards China has deteriorated due to the multiple problems with the infrastructure they build. “This raises questions about previous strategic alliances with Beijing, as it often denies solutions to these problems.”

“It is important to consider that all this could open a small window of opportunity for alternative projects by European companies and US infrastructure in the future,” he concluded.

1721125555781.png
“First, China enters in a friendly and kind manner, saying that the work will be carried out in a sustainable way, respecting the communities and the environment. But then, once the work is underway, the fulfillment of those initial commitments takes a backseat,” she stated. Clear demonstration of Chinese doublespeak

Fiambalá's case is not the only one, neither in the country nor in the region. For example, the construction of the Cepernic and Néstor Kirchner dams in Santa Cruz, Argentina, was always a focus of conflict. The dangers, according to specialists, are several: from the disappearance of the macá tobino specimens, a unique species in the world, to the impact of the Perito Moreno Glacier, including the burial of more than 170 archaeological sites almost 10 thousand years old. antiquity. The cost is high.

In Peru, local associations sent a letter to the Chinese embassy, complaining about similar damages caused by three works financed by China: the Toromocho Mining Unit (UMT), of the company Aluminum Corporation of China (CHINALCO), owner of Minera Chinalco Perú S.A., financed by the China Development Bank and the Export-Import Bank of China; Marcona Mine of Shougang Hierro Perú S.A.A, a subsidiary of Shougang Corporation, financed by the Industrial and Commercial Bank of China and DBS Hong Kong Bank; and the Las Bambas Mining Project of the company Minerals and Metals Group MMG Limited, Guoxin International Investment Co. Ltd. and CITIC Metal Co. Ltd., financed by the China Development Bank, Export-Import Bank of China, Industrial Bank and Commercial of China and the Bank of China. According to the associations, "all projects affect environmental protection. In addition, there are several negative impacts on indigenous peoples and the livelihoods of local communities, including housing, labor rights, persecution of environmental defenders, among others." Conclusive and forceful.

Here at El Archivo we told you months ago about another case, in Bolivia. The complicity of the Bolivian state and the Chinese government for gold exploitation puts the population of local communities at risk. Those who live near mining areas suffer consequences derived from the serious levels of pollution. Data on mercury contamination in five indigenous towns in the Beni River basin. There were already previous reports that the Esse Ejja population had levels of this toxic well above the limit considered “without risk” - 1 part per million (ppm) - by the United States Environmental Protection Agency. However, the most recent data collected by the Central Indigenous Peoples of La Paz (CPILAP) indicate that the members of five indigenous peoples that inhabit Madidi have toxic levels of mercury in their bodies. All said.

Cases are multiplying throughout the region. But the response is always the same: silence on the part of China and local governments.

 
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I wonder what our Chinese members think of the latest US political climate. It does seem more probable that Trump will be back in power and trade war 2.0 will be revitalized
 
I wonder what our Chinese members think of the latest US political climate. It does seem more probable that Trump will be back in power and trade war 2.0 will be revitalized
The opinion of Chinese members on the political climate of their own country is of little importance . Why would their opinions matter on a nation which is their principal rival ?

CCP on the other hand will see it as just another instance of the gradual & in their opinion terminal decline of the west in general & the US in particular. They genuinely believe it's now the time of Zhongguo to rise . All their thoughts & deeds are channelised in this direction.

Why interrupt your enemy when he's committing a mistake , I say ?!
 
I wonder what our Chinese members think of the latest US political climate. It does seem more probable that Trump will be back in power and trade war 2.0 will be revitalized

It's already in trade war 2.0, u heard small yard high fence by Biden administration right?

If Trump back, it will be 3.0.

China's policies on R&D, industry won't change too much. Chinese manufacture GDP and export increased 50% since 2018 when Trump launched the trade war.
 
technolmos.what ourpresident, members think of the latest US political climate. It does seem more probable that Trump will be back in power and trade war 2.0 will be revitalized

Another angle is, CCP always like to communicate with republican president, even Mao said so, and gained more than delt with democrats.

Nixon established the US-China allies.
Reegan built honeymoon, and started transfer manufactures and technologies.

Two Bushes invited China joined WTO, and the families even attended 2008 Olympics for supporting.

CCP felt Republicans are negotiateable, but democrats are more ideological freaks.

Check Carlson program:


View: https://x.com/S7i5FV0JOz6sV3A/status/1727544154090045593?t=p-ZjBdyiid06LmDXS0pa1Q&s=19
 
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China never will control south America you are just dreaming, for starters while China has invested in Brazil, many projects have Brazilian counter parts, and some projects are pipe dreams.

Tierra del Fuego: controversy over failed Chinese port plan
Cristina Papaleo

06/21/2023June 21, 2023
China's technological advance in Argentina is not new, but the cancellation of the project for a port and an industrial hub in Tierra del Fuego revived the controversy. What environmental and economic dangers does it pose?
Colombia is not prepared for the Chinese investment boom
Even as the Petro Government seeks to diversify its partners, growing political, security and contracting risks affect Chinese companies' perception of the country, report warns
BY JULIETA PELCASTRE/DIALOGUE
OCTOBER 10, 2023
China's dreams of expanding its influence and participation in Latin America and the Caribbean through commercial projects and infrastructure are clouded by being involved in problems of corruption, financial difficulties and criticism for the quality of its construction. These Chinese fantasies have become nightmares and horror stories for many countries.
Dragon Mart

In 2015, Mexico canceled the Chinese Dragon Mart megaproject in Cancún, Quintana Roo, due to the lack of authorizations for its construction and the impact on ecosystems and coastal roads in wetland areas, reported the Mexican magazine Proceso.

This project, which began in 2013 and faced opposition from local authorities, environmentalists, business and social organizations, had planned 722 homes, 20 commercial warehouses and 3,000 stores, on an area of 561 hectares, reported the Mexican newspaper El Financiero.

Coca Elbow Sinclair

The Ecuadorian government and the Chinese contractor Sinohydro remain in talks to resolve the problems that prevent the official reception of the Coca Codo Sinclair hydroelectric plant, despite the fact that it began operating in 2016, BNamericas reported on May 4.

Sinohydro carried out the construction of the dam at a cost of close to USD 3.44 billion, while Ecuador invested an additional USD 600 million in the transmission lines, he said.

The Government refuses to formalize the reception of the plant, due to the existence of thousands of irreparable cracks and other problems that, in 2018, led the Comptroller's Office to conclude that the work did not meet the criteria for reception of public works, he detailed. .

Bogotá Metro

The Bogotá Metro Company, in Colombia, imposed a fine of USD 196,000 on the Chinese concessionaire Metro Línea 1, which builds part of the first line of Bogotá's mass transportation system,
for failing to deliver studies and preliminary designs that they should have delivered. at the end of 2022, reported the newspaper El País.

He indicated that the contract for the construction of the first line was signed in November 2019 with the Chinese consortium APCA Transmimetro, who committed to completing the work in 2028. Line 1 will be 23.6 kilometers and is currently only 20 kilometers advanced. percent. The Chinese consortium argued for variables not considered and will appeal the sanction, the Andrés Bello Foundation announced on July 27.

Rositas Hydroelectric Plant

In 2018, Bolivia suspended the Rositas hydroelectric project due to opposition from affected communities, the environmental journalism platform Mongabay reported. In January 2022, the companies China Three Gorges and China International Water & Electric did not provide alternatives for the populations that were going to be flooded.

The hydroelectric project had the objective of being built on the Río Grande, in Santa Cruz, near the confluence with the Rositas River, in an area of 150,000 hectares. It was expected to flood an area of 449 km2, equivalent to three times the urban area of La Paz, he explained. The project was financed by more than $1.5 billion from China's Eximbank.

Despite the suspension, there is a possibility that the Rositas project will be reactivated. Mongabay pointed out that this controversial project, with more than five decades of history in Bolivia, has not been subjected to an environmental impact study nor has it gone through the prior consultation process. To date, each Bolivian government has attempted to reactivate it.

small window

“The dynamics that cast shadows on Chinese aspirations negatively impact the international reputation of these companies. We are not alone in observing project failures in the region, since failures of Chinese projects are also recorded in South Asia and Africa,” said Cesarin. “In Latin America, the perception towards China has deteriorated due to the multiple problems with the infrastructure they build. “This raises questions about previous strategic alliances with Beijing, as it often denies solutions to these problems.”

“It is important to consider that all this could open a small window of opportunity for alternative projects by European companies and US infrastructure in the future,” he concluded.

View attachment 3172
“First, China enters in a friendly and kind manner, saying that the work will be carried out in a sustainable way, respecting the communities and the environment. But then, once the work is underway, the fulfillment of those initial commitments takes a backseat,” she stated. Clear demonstration of Chinese doublespeak

Fiambalá's case is not the only one, neither in the country nor in the region. For example, the construction of the Cepernic and Néstor Kirchner dams in Santa Cruz, Argentina, was always a focus of conflict. The dangers, according to specialists, are several: from the disappearance of the macá tobino specimens, a unique species in the world, to the impact of the Perito Moreno Glacier, including the burial of more than 170 archaeological sites almost 10 thousand years old. antiquity. The cost is high.

In Peru, local associations sent a letter to the Chinese embassy, complaining about similar damages caused by three works financed by China: the Toromocho Mining Unit (UMT), of the company Aluminum Corporation of China (CHINALCO), owner of Minera Chinalco Perú S.A., financed by the China Development Bank and the Export-Import Bank of China; Marcona Mine of Shougang Hierro Perú S.A.A, a subsidiary of Shougang Corporation, financed by the Industrial and Commercial Bank of China and DBS Hong Kong Bank; and the Las Bambas Mining Project of the company Minerals and Metals Group MMG Limited, Guoxin International Investment Co. Ltd. and CITIC Metal Co. Ltd., financed by the China Development Bank, Export-Import Bank of China, Industrial Bank and Commercial of China and the Bank of China. According to the associations, "all projects affect environmental protection. In addition, there are several negative impacts on indigenous peoples and the livelihoods of local communities, including housing, labor rights, persecution of environmental defenders, among others." Conclusive and forceful.

Here at El Archivo we told you months ago about another case, in Bolivia. The complicity of the Bolivian state and the Chinese government for gold exploitation puts the population of local communities at risk. Those who live near mining areas suffer consequences derived from the serious levels of pollution. Data on mercury contamination in five indigenous towns in the Beni River basin. There were already previous reports that the Esse Ejja population had levels of this toxic well above the limit considered “without risk” - 1 part per million (ppm) - by the United States Environmental Protection Agency. However, the most recent data collected by the Central Indigenous Peoples of La Paz (CPILAP) indicate that the members of five indigenous peoples that inhabit Madidi have toxic levels of mercury in their bodies. All said.

Cases are multiplying throughout the region. But the response is always the same: silence on the part of China and local governments.



View: https://x.com/TomMackenzieTV/status/1494612921523052567?t=oPfD_C0VrYxJ1s4tgLLH3w&s=19

20240716_221142.jpg
 
The opinion of Chinese members on the political climate of their own country is of little importance . Why would their opinions matter on a nation which is their principal rival ?

CCP on the other hand will see it as just another instance of the gradual & in their opinion terminal decline of the west in general & the US in particular. They genuinely believe it's now the time of Zhongguo to rise . All their thoughts & deeds are channelised in this direction.

Why interrupt your enemy when he's committing a mistake , I say ?!
let me give you an opinion.

Let us suppose there is no WWIII in which all humanity will suffer.

On peaceful conditions what will happen?

Companies need alliances and trade blocks need sharing.
Protectionism is a way to say you share or you will not enter.
Rules of origin merans companies need to work together.
The examples are ample Airbus in Europe, Leap iengine between France and USA.

The west is not in decline, nor the East will rule, what is happening is globalization of the economy means the most sucessful companies are the most globalized.

Globalization means a company to rule need to be international, but this forces it to share wealth, Sharing wealth means smaller companies take a slice of the cake.

It also means research centers in countries allied to that company.

Globalization means free trade agreements, customs unions and currenncy unions.

These will only lead to trading blocks, and huge companies that have many suppliers from many countries and very few strong currencies.

At the end this will lead to world government.
 
let me give you an opinion.

Let us suppose there is no WWIII in which all humanity will suffer.

On peaceful conditions what will happen?

Companies need alliances and trade blocks need sharing.
Protectionism is a way to say you share or you will not enter.
Rules of origin merans companies need to work together.
The examples are ample Airbus in Europe, Leap iengine between France and USA.

The west is not in decline, nor the East will rule, what is happening is globalization of the economy means the most sucessful companies are the most globalized.

Globalization means a company to rule need to be international, but this forces it to share wealth, Sharing wealth means smaller companies take a slice of the cake.

It also means research centers in countries allied to that company.

Globalization means free trade agreements, customs unions and currenncy unions.

These will only lead to trading blocks, and huge companies that have many suppliers from many countries and very few strong currencies.

At the end this will lead to world government.
let me give you an opinion.

Let us suppose there is no WWIII in which all humanity will suffer.

On peaceful conditions what will happen?

Companies need alliances and trade blocks need sharing.
Protectionism is a way to say you share or you will not enter.
Rules of origin means companies need to work together.

The examples are ample Airbus in Europe, Leap iengine between France and USA.

The west is not in decline, nor the East will rule, what is happening is globalization of the economy means the most sucessful companies are the most globalized.

Globalization means a company to rule need to be international, but this forces it to share wealth, Sharing wealth means smaller companies take a slice of the cake.

It also means research centers in countries allied to that company.

Globalization means free trade agreements, customs unions and currenncy unions.

These will only lead to trading blocks, and huge companies that have many suppliers from many countries and very few strong currencies.

At the end this will lead to world government
.

However in your case I will give you an opinion about China and Latin America.

.Since in Asia you do not know Latin America and it happens the same in Latin America there are many misunderstandings.

Latin America has trading Blocks, two that are the core ones for a customs Union and currency Union.

Brazil has Mercosur, the USA has a trade deal with Mexico.

Latin America is an offspring of Europe, you like it or not, however we are the Western offspring culture with more foreign non European elements, thus Europe has a stronger alliance with the USA.

Latin America also has industries, Mexico, Argentina, Brazil and Colombia have the strongest industries, thus China will not be allowed to destroy them.

Tariffs exists you like it or not, the Chinese culture is number one foreign, second there are few Chinese in our populations, and third as long as that trade allows local companies make money the trade with China will be allowed. Now you do not facts.

In May 2024, Brazil exported mostly to China ($9.69B), United States ($3.3B), Spain ($1.51B), Argentina ($1.1B), and Netherlands ($958M), and imported mostly from China ($4.58B), United States ($3.81B), Germany ($1.2B), Argentina ($1.12B), and Russia ($1.09B).


Actually Brazil imports more from the west and exports more to China

Argentina’s Top Trading Partners​

The list below showcases 25 of Argentina’s top trading partners, countries that imported the most Argentine shipments by dollar value during 2023. Also shown is each import country’s percentage of total Argentine exports.

  1. Brazil: US$11.9 billion (17.8% of Argentina’s total exports)
  2. United States: $5.6 billion (8.4%)
  3. mainland China: $5.2 billion (7.7%)
  4. Chile: $4.9 billion (7.4%)
  5. Peru: $2.54 billion (3.8%)
  6. India: $2.45 billion (3.7%)
  7. Vietnam: $2.1 billion (3.1%)
  8. Uruguay: $1.7 billion (2.6%)
  9. Netherlands: $1.6 billion (2.3%)
  10. Spain: $1.4 billion (2.2%)
  11. Colombia: $1.3 billion (1.9%)
  12. Malaysia: $1.26 billion (1.9%)

the fact is Both Brazil trade more with the west and Latin AMerica than China up date your information

Politics and convenience drive Mexico to be US’s top trading partner

The boom around ‘nearshoring’ and tensions with China have led to a manufacturing boom in Mexico, for the US.

Obviously you know who is our most important trading partner.

Colombia is pro US

 
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China innovates dual-tower solar thermal plant for better efficiency​

Technology22:44, 16-Jul-2024
Gong Zhe

An aerial view of the world's first dual-tower solar thermal plant in northwest China's Gansu Province. /China Three Gorges Corporation


An aerial view of the world's first dual-tower solar thermal plant in northwest China's Gansu Province. /China Three Gorges Corporation
A Chinese power company is pioneering world-first technology by combining two endothermic towers to achieve a significant efficiency boost.

China Media Group (CMG) released a video on Tuesday showing the impressive project near Guazhou County in Gansu Province. The two towers are each 200 meters tall with nearly 30,000 mirrors installed on the ground. The mirrors form two vast, overlapping circles that focus sunlight onto each tower.

Like a traditional coal plant, the concentrated sunlight heats water to generate electricity. Unlike other thermal power plants, this design can produce power at night. Molten salt stored within the towers acts like a thermal battery, retaining extra heat collected during the daytime and releasing it to keep the generators running continuously.

The mirrors are made of special materials, whose reflection efficiency can reach a staggering 94 percent.
A sample of the molten salt used in the plant. /CMG


A sample of the molten salt used in the plant. /CMG
China's foray into solar thermal power began in 2016, but this new project takes it a step further with its dual-tower design. "The mirrors in the overlapping area can be utilized by either tower," explains plant project manager Wen Jianghong. "This configuration is expected to enhance efficiency by 24 percent."

The CMG video shows the mirrors' remarkable ability to track the sun's movement. They concentrate the sun's rays on the eastern tower in the morning and automatically adjust westward in the afternoon.

According to the CMG report, the innovative design isn't limited to the two towers. It has the potential to involve multiple towers for even greater efficiency gains. The plant is expected to be operational by the end of 2024.

The plant is part of a clean energy complex with solar, thermal and wind power plants that will work together to generate over 1.8 billion kilowatt-hours of electricity each year and save 1.53 million tonnes of carbon emission.
 


Brazilian exports have reached the record for the first four months of the year, according to data from the April Trade Balance published on Wednesday, May 8, by the Foreign Trade Secretariat of the Ministry of Development, Industry, Commerce and Services (SECEX/MDIC). .

In April, exports totaled 31 billion dollars and imports 22 billion dollars, generating a surplus of 9.04 billion dollars and a trade flow of 52.8 billion dollars.

During the year, exports totaled 108 billion dollars, 5.7% higher compared to the same period in 2023, which had reached a record of 103 billion dollars. While imports totaled 81.1 billion dollars, with a growth of 2.2% in the period. The surplus was 27.7 billion dollars and the trade flow amounted to 189.9 billion dollars, representing an increase of 4.2%.
According to the report, exports to China stood out, increasing by 46.6 percent in the first two months compared to the same period in 2023, totaling $14.93 billion.

Exports to the European Union showed a drop of 6.2 percent in the comparison period, totaling 6.1 billion dollars, while exports to the United States grew 19.4 percent in the first two months of the year compared to same period of 2023, to reach 6.12 billion dollars.

As for Argentina, Brazil's main partner in the Southern Common Market (Mercosur), Brazilian exports suffered a sharp drop of 28 percent on the same basis of comparison, to 1,710 million dollars.

Meanwhile, imports from China showed an increase of 15.6 percent in the first two months of the year compared to the same period in 2023, totaling $9.75 billion.

Imports from the European Union decreased by 2.8 percent in the first two months of the year compared to the same period last year, to 7.41 billion dollars, while imports from the United States registered a slight decrease of 0.2 percent. percent, reaching 5.98 billion dollars.

In contrast, imports from Argentina experienced a decrease of 14.3 percent in the first two months of the year compared to the same period in 2023, totaling 1,510 million dollars.

well Brazil is feeding China and has superavit
1721207834219.png
New Texas legislation sparked curiosity last week. The US state senate approved a law that prohibits the sale of agricultural land to foreigners from countries considered hostile. But what if it were in Brazil?


According to the lawyer specializing in agribusiness, and member of the Agrarian Law Commission of the OAB of Ijuí/RS, Francisco Torma, “Brazil has a limitation in relation to the sale of land to foreigners that applies to any foreigner, regardless of the country of origin ”. He recalls that Brazil does not even have a list of countries considered hostile, therefore, “any limitation in this sense would be unfeasible in our country”.

investment
Only Mexican nationals or Mexican companies
may be owners of land designated for purposes
agricultural, livestock or forestry
. Such companies
must issue a special series of shares (shares
series "T"), which will represent the value of the land at
time of its acquisition. The investors of the other
Part or its investments may only be acquired, directly or
indirectly, up to 49% participation in the
"T" series shares


TOKYO/YANGON -- China's strategic muscle-flexing is not limited to its expansive maritime claims and vigorous infrastructure exports; Chinese entities have also been aggressively acquiring land overseas.

Chinese companies are buying up land in Asia and Africa. The combined area of land purchased or leased by such companies over the past decade is equal to the total land area of Sri Lanka or Lithuania and much larger than acquisitions by their counterparts in the U.S. and other major countries.

Concerns are growing that emerging and developing countries, as sources of supply for food and natural resources, will fall under China's sway. The security implications are worrying as well.

 
This is a detailed paper on China….. Do read it and have a good feeling about China

Jul 17, 2024

China 2024 and its military organization


July 17, 2024: What most concerns Chinese is the state of the economy, which lately has not been performing up to expectations. China is still dealing with a housing bubble debt crisis, rising unemployment and inflation and continued slowing of economic growth. Economic growth continues to decline. It is under two percent a year and getting worse. That means more unemployment and lower living standards for most Chinese. A decade ago it became clear that the years of ten percent GDP growth were ending, assuming they were ever true at all. Not just because economic growth was slowing but because the central government was finally forced to go public, for the first time, about the false economic data that provincial officials had been sending to the central government for decades.

Since 2014 Chinese officials have become more open about the problem as they have been getting accurate economic information for such things like annual GDP and unemployment rates. Apparently Chinese GDP has not been growing steadily at nearly ten percent a year for decades. Chinese officials do eventually, as in months or years later, get more accurate data. Chinese GDP growth has actually varied from 5-15 percent per year. Chinese official policy was to keep everyone calm by issuing less variable annual growth rates. It was also less work and safer to report officially approved GDP growth figures rather than going to the trouble of determining the objectively true figures, especially when the people stuck with the job knew that the politically protected provincial officials were lying. In short, the official numbers were doctored.

For more accurate and immediate indicators of economic activity Chinese and foreign economists and business leaders use things like electricity production, railroad traffic and similar data that cannot be manipulated by local officials to make their city or province look more successful. Many financial experts inside and outside China fear that all this official manipulation of economic data, an ancient practice in China, is masking some serious economic problems that could go sideways at any time and cause an economy-paralyzing banking crisis. It’s very much a crouching tiger and hidden dragon situation. This is an ancient phrase warning that behind seeming success and talent lurks the possibility of imminent disaster. Chinese are ever mindful of this sort of thing.

A major cause of recent financial difficulties was the lack of government bank supervision that enabled risky practices to proliferate. This led to overbuilding and the inability of builders to sell their surplus housing. This led to enormous real estate defaults that have had a negative impact on the entire economy. The major real estate firms involved are Evergrande and Country Garden. Together these two firms hold half a trillion dollars in debt. The Chinese government ordered banks to tolerate delayed overdue payments on this debt. This damaged the viability of the banking system and caused a slowdown in investment in the economy. In early 2024 Evergrande was declared bankrupt and subjected to dissolution in order to pay creditors as much as possible. Evergrande has $300 billion in debt and creditors are losing all but a few percent of that. Chinese banks holding Evergrande debt were ordered by the government to handle the losses in coordination with a government plan to prevent the Evergrande bankruptcy from causing further harm to the economy. Country Garden and its $200 billion in housing debt are taking the same route to dissolution as Evergrande.

All this was made worse by new political problems. Supreme leader Xi Jinping made himself leader-for-life in 2018 and now screens or makes all key economic solutions. Xi isn’t an expert in economics and is unaware of the complexity of the Chinese economy and historical examples of similar situations. Back in the 1980s China adopted a market economy and shed much of its socialist state ownership of everything responsibilities. China was still ruled by a nationalist dictatorship government that left the economy alone and for a while that worked. There was a growing problem with corrupt CCP (Chinese Communist Party) officials that eventually did more damage than anyone could cover up. This means that foreign investors or companies that used to move manufacturing operations to China are now instead moving their existing manufacturing facilities out of China and often to smaller nearby countries that have fewer economic and political problems.

Xi Jinping hasn’t come up with a workable solution for all this yet. One reason for this lack of action is the awful problems in the Chinese military taking up so much of his time. This is mainly about corruption, which went all the way to the top, as in the defense minister who was recently removed and replaced. It’s more difficult to deal with the many corrupt generals and admirals. All this corruption weakened the military. Finding enough honest junior officers to be promoted is difficult and time-consuming. This is a critical situation for the CCP because Chinese soldiers and officers take an oath to defend the CCP which, in turn, is responsible for doing what must be done to rule the country effectively. After some reforms in the 1980s, the new relationship between the CCP, the military and the economy worked for a few decades until it didn’t.

Xi is repeating a familiar span of control problem with autocracy. As an autocrat tries to control more and more, he ends up controlling both less, and less effectively overall. Chinese are familiar with this pattern.

The Chinese military is an enormous collection of four separate services that provide employment for over a million Chinese. The military is officially called the PLA (People's Liberation Army) and contains four separate services: the Ground Force, the Navy, the Air Force, and the Rocket Force. Between 2003 and 2005 the PLA reduced its peacetime strength by half a million personnel, from 2.5 million to about 2 million. Most of the reductions were in non-combat ground forces. This made it possible for more money to be spent on naval, air, and strategic missile forces. This was part of the Chinese shift from a large, low-tech, ground force to a military with the capability to operate far from the Chinese mainland, mainly in the South China Sea.

The Ground Force is the largest in terms of manpower, with about 975,000 personnel in twelve active duty group armies sequentially numbered from the 71st Group Army to the 83rd Group Army. These armies are distributed to each of the five theater commands, with each command receiving two to three group armies. In wartime, numerous reserve and paramilitary units can be mobilized to reinforce the active group armies. The ground forces reserve component comprises approximately 510,000 personnel divided into thirty infantry and twelve anti-aircraft artillery divisions.

The Navy was, until the 1990s, subordinate to the ground forces. Since the 1990s the navy has undergone rapid modernization. The 300,000 navy personnel are distributed to three fleets, the North Sea Fleet headquartered at Qingdao, on the Yellow Sea between northeastern China and the Korean Peninsula, the East Sea Fleet headquartered at Ningbo, north of Taiwan, and the South Sea Fleet headquartered in Zhanjiangn adjacent to Hainan Island and the South China Sea.

The navy includes a seven-brigade Marine Corps with 25,000 troops. There is also a naval aviation force with 26,000 personnel operating and maintaining several hundred attack helicopters and fixed-wing aircraft. For over a decade China has been seeking to create a naval force that can operate on the high seas far from the Chinese coast. China has never had a high seas navy before and concentrated on controlling coastal waters.

The Air Force has 395,000 personnel organized into five Theater Command Air Forces that share 24 air divisions.   As of 2024, a new system has been established, consisting of 11 Air Corps Bases controlling air brigades. Bomber divisions, and a few special mission units remain divisions. Each air division has 2 or 3 aviation regiments. Each regiment has between 20 and 36 aircraft. An Air Brigade has 24 to 50 aircraft.

There is also an air defense component called the SAM (Surface to Air Missile) Corps that consists of divisions and brigades. There are also three airborne divisions consisting of air force personnel trained as parachute infantry.

The Rocket Force has 120,000 personnel and operates and maintains nuclear and conventional strategic missiles. China is believed to have between 100 and 400 nuclear warheads. The Rocket Force maintains seven bases. Six are assigned to the six theater commands while the seventh stores and maintains the nuclear warheads.


While all this sounds impressive, corruption in government, military and economy are still an issue, as has been the case for thousands of years. Corruption was reduced for about a decade after the communists took control in 1949. During that period the corruption revived and returned stronger than ever. The corruption in the military is so debilitating that Chinese leaders believe it means China cannot regain control of Taiwan using military force. This became evident when President Xi inspected the Taiwan reconquest rocket forces and found most of the missiles inoperable because of corruption within the procurement bureaucracy.

Assuming the corruption can be made to disappear, it would still take several years before a Taiwan attack could be attempted. Additional forces and weapons must be created without the effort being crippled by corruption. That sounds unlikely, but President Xi knows what he is up against and declares that he can make it happen. Chinese and Western historians point out that military incompetence and military corruption have been the standard for thousands of years. The corruption only abates if China is invaded by forces that seem capable of subduing the entire country.

It requires a major political effort to turn the corruption problem around and such efforts are often unachievable. Most wealthy Chinese know this and many have, at great expense, obtained foreign passports and moved some of their assets overseas as a form of insurance against another government collapse and possible civil war. That’s been the way China has worked, and malfunctioned, for thousands of years. The CCP is seen as just another dynasty that prospered for a while and then failed. Chinese leaders pay attention to the thousands of years of Chinese history and cycles that continue to repeat.
 

China's carmaker GAC Aion opens EV factory in Thailand​

(Xinhua) 08:52, July 18, 2024
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Thailand's Minister of Industry Pimphattra Wichaikul addresses the inauguration ceremony of the electric vehicle (EV) factory of China's carmaker GAC Aion in Rayong province, Thailand on July 17, 2024. (Xinhua/Sun Weitong)

RAYONG, Thailand, July 17(Xinhua) --China's carmaker GAC Aion, a subsidiary of GAC Group, opened its Thailand electric vehicle (EV) factory on Wednesday, as Aion's first global strategic model rolled off the assembly line in the factory, marking a milestone in the company's overseas expansion.

As the second overseas plant opened by a Chinese carmaker in Thailand this month after BYD, the factory is located in Rayong province in Thailand's Eastern Economic Corridor (EEC), with a planned investment of 2.3 billion baht (64 million U.S. dollars) and an annual capacity of 50,000 vehicles.

The factory is a highly intelligent plant which applies new technologies such as big data, artificial intelligence, and the Internet of Things to achieve more efficient production of multiple models.

Thailand's Minister of Industry Pimphattra Wichaikul said at the inauguration ceremony that the operation of a new EV factory will promote the transformation of Thailand's automotive industry and help the Southeast Asian country realize its vision of becoming a regional and global EV production hub.

Thailand has long been a major automobile production base in the Association of Southeast Asian Nations (ASEAN) region. With the help of the Thai government's investment promotion, EVs are expected to account for 30 percent of the country's total vehicle production by 2030.

GAC Aion officially launched its Thailand strategy in June last year and its first product was launched in September. Zeng Qinghong, chairman of GAC Group, said that the company's deployment in Thailand has laid a solid foundation for the latter to become the center of the EV industry in ASEAN.

He added that the company will continue to improve the construction of charging facilities and energy ecosystems in Thailand, and coordinate the upstream and downstream development of the industry chain.

In recent years, GAC Group has vigorously expanded overseas markets. It now operates with automobile sales and after-sales services in 68 countries and regions.

6976862458969568550.png

Guests attend the inauguration ceremony of the electric vehicle (EV) factory of China's carmaker GAC Aion in Rayong province, Thailand on July 17, 2024. (Xinhua/Sun Weitong)

10627183654680441788.png

This photo taken on July 17, 2024 shows a view of the electric vehicle (EV) factory of China's carmaker GAC Aion in Rayong province, Thailand. (Xinhua/Sun Weitong)

2788339919959433699.png

Zeng Qinghong, chairman of GAC Group, addresses the inauguration ceremony of the electric vehicle (EV) factory of China's carmaker GAC Aion in Rayong province, Thailand on July 17, 2024. (Xinhua/Sun Weitong)

6508568514584346032.png

Staff members work at the electric vehicle (EV) factory of China's carmaker GAC Aion in Rayong province, Thailand on July 17, 2024. (Xinhua/Sun Weitong)

12029833498758997760.png

Staff members work at the electric vehicle (EV) factory of China's carmaker GAC Aion in Rayong province, Thailand on July 17, 2024. (Xinhua/Sun Weitong)
 

China's carmaker GAC Aion opens EV factory in Thailand​

(Xinhua) 08:52, July 18, 2024
14144688034582072495.png

Thailand's Minister of Industry Pimphattra Wichaikul addresses the inauguration ceremony of the electric vehicle (EV) factory of China's carmaker GAC Aion in Rayong province, Thailand on July 17, 2024. (Xinhua/Sun Weitong)

RAYONG, Thailand, July 17(Xinhua) --China's carmaker GAC Aion, a subsidiary of GAC Group, opened its Thailand electric vehicle (EV) factory on Wednesday, as Aion's first global strategic model rolled off the assembly line in the factory, marking a milestone in the company's overseas expansion.

As the second overseas plant opened by a Chinese carmaker in Thailand this month after BYD, the factory is located in Rayong province in Thailand's Eastern Economic Corridor (EEC), with a planned investment of 2.3 billion baht (64 million U.S. dollars) and an annual capacity of 50,000 vehicles.

The factory is a highly intelligent plant which applies new technologies such as big data, artificial intelligence, and the Internet of Things to achieve more efficient production of multiple models.

Thailand's Minister of Industry Pimphattra Wichaikul said at the inauguration ceremony that the operation of a new EV factory will promote the transformation of Thailand's automotive industry and help the Southeast Asian country realize its vision of becoming a regional and global EV production hub.

Thailand has long been a major automobile production base in the Association of Southeast Asian Nations (ASEAN) region. With the help of the Thai government's investment promotion, EVs are expected to account for 30 percent of the country's total vehicle production by 2030.

GAC Aion officially launched its Thailand strategy in June last year and its first product was launched in September. Zeng Qinghong, chairman of GAC Group, said that the company's deployment in Thailand has laid a solid foundation for the latter to become the center of the EV industry in ASEAN.

He added that the company will continue to improve the construction of charging facilities and energy ecosystems in Thailand, and coordinate the upstream and downstream development of the industry chain.

In recent years, GAC Group has vigorously expanded overseas markets. It now operates with automobile sales and after-sales services in 68 countries and regions.

6976862458969568550.png

Guests attend the inauguration ceremony of the electric vehicle (EV) factory of China's carmaker GAC Aion in Rayong province, Thailand on July 17, 2024. (Xinhua/Sun Weitong)

10627183654680441788.png

This photo taken on July 17, 2024 shows a view of the electric vehicle (EV) factory of China's carmaker GAC Aion in Rayong province, Thailand. (Xinhua/Sun Weitong)

2788339919959433699.png

Zeng Qinghong, chairman of GAC Group, addresses the inauguration ceremony of the electric vehicle (EV) factory of China's carmaker GAC Aion in Rayong province, Thailand on July 17, 2024. (Xinhua/Sun Weitong)

6508568514584346032.png

Staff members work at the electric vehicle (EV) factory of China's carmaker GAC Aion in Rayong province, Thailand on July 17, 2024. (Xinhua/Sun Weitong)

12029833498758997760.png

Staff members work at the electric vehicle (EV) factory of China's carmaker GAC Aion in Rayong province, Thailand on July 17, 2024. (Xinhua/Sun Weitong)

some pics in Bangkok.

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I think this is a splendid development. India's been importing quite some accessories from Thailand . With the Chinese EV OEMs moving in , I expect China to shift its supply chain there & bankrupt local Thai ventures.

In any case India's not going to import from Chinese subsidiaries in Thailand which only means India's got to develop these capacities in house. Hence I see this as a win win situation for China & India .
 

Is that guy you?

Overview In May 2024 China exported $697M and imported $525M from Argentina, resulting in a positive trade balance of $171M.


The main export destinations were Brazil, with a share of 17.1%, the EU, 8.3%, Chile, 7.9%, and the United States, 7.8%. For its part, the most notable origins of imports were: Brazil, 22.9%, China, 17.9%, the EU, 16.1%, and the United States, 10.6%

But while all this is happening, one piece of information spreads like wildfire in the world of business and geopolitics: China stopped being Argentina's second trading partner in March. According to the latest report on Argentine trade exchange, released last week by the National Institute of Statistics and Censuses (Indec), that place now belongs to the European Union, while China is third.

 
Obviously you do understand the world has inflation and prices have increased otherwise you get deflation.

Most nations have increases in trade simple because economies grow, prices sky rocket, so I will put it simply, cheap propaganda because due to tariffs, China has loses as in the case of Argentina and USA and while there are gains the reality inflation has made exports bigger for every country.


With Chinese imports to the U.S. dropping by 20%, the Latin American country has surpassed the Asian giant to become America's main trading partner. The headlines last week were read with some astonishment: Mexico surpassed China as the main exporter to the United States.Feb 12, 2024
March was the first month of 2024 in which China lost second place among Argentina's trading partners. It happened due to a drop in both imports and exports. Sales to China fell 24.2% year-on-year, while purchases contracted 34.9% in the same period.

But this does not seem to be an isolated result: since Javier Milei assumed the presidency of Argentina, trade between both countries has not stopped shrinking. In January 2024, exports rose 10.7%, but the rest of the operations showed negative results.

“China has been directing its new purchases to Brazil, for example, meat,” says Miguel Ponce, economist and foreign trade expert. And he adds: “All this happens because the government has not understood the need to de-ideologize our diplomatic ties, so as not to harm our commercial and economic relations.” For Ponce, the new alignments that Milei has established with Israel and the United States have their correlation in a change in intensity in trade with China.
Brussels will impose tariffs of up to 48% on imports of Chinese electric cars
The European Commission concludes that state aid to China's automobile sector is “unfair”



Eurostat: Strong reduction in the trade deficit between the EU and China in 2023
Home » EU News » Market » International Trade » Eurostat: Strong reduction in the trade deficit between the EU and China in 2023

Shein and Temu are generating concern in the Mexican fashion industry due to the low prices at which they sell their products, making them an option for some Mexican consumers. However, from the perspective of businessmen, they represent a threat to the national industry.

Representatives of the textile, clothing and footwear industry chambers have asked tax and international trade authorities to establish regulations to ensure that these platforms pay the corresponding taxes for the import of goods.

afael Zaga Saba, president of the National Chamber of the Textile Industry (Canaitex), pointed out that the undervaluation of imports, the presence of marketplaces and the smuggling of merchandise have negatively impacted the market, which has experienced a decrease of 5.4% in the last quarter, thus prolonging four consecutive semesters of negative results.

"Shein and Temu parcel stores facilitate the entry of millions of products into the country without paying taxes or complying with established regulations," said Zaga Saba. He highlighted that more than 60% of the products marketed by these platforms belong to the textile and footwear industry.

According to data from the Chamber, a loss in collection of up to $1.6 billion is estimated in just one of the platforms analyzed.

Smuggling and undervaluation of products are other concerns that affect the industry, with goods entering the country declared below their real value to avoid taxes. At the VII National Meeting of the Textile and Footwear Fair, Zaga Saba emphasized the need to rescue the domestic market as a priority for the sector.

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Plaza Izazaga 89, a wholesale center for Chinese products, was closed on July 11 by the Administrative Verification Institute (Invea), in a mega operation in which police officers from the Secretariat of Citizen Security of Mexico City participated
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MEXICO CITY (apro).- The Administrative Verification Institute (Invea) closed Plaza Izazaga 89, where Chinese products were sold, in the Historic Center of the capital, because they did not have the corresponding documentation to prove their activity.

 
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