Will China end up owning the World?

[luutzu]

Yes, and just as funny, how we criticise our Country.
Just shows, it is really hard to be happy grasshopper.
Maybe no matter how good life is, we look for the down side, who knows maybe drugs are the answer, then everyone is happy and just need food and shelter?
Obviously asking people to be responsible, doesn't work.

Sometime looking at the down side is not putting life, or country, or people, down... just so it can be improved?

Yea, no need to sugar coat people. People can be quite creatively nasty. But then when it's a difference between your family getting fed or not... Just don't eat anything from Asia. That's why they have a tradition of wanting to see the head of animal whose meat they're eating. Proof of actual meat.

 

[Humid]

The difference is we can criticise our own country.

 

[notting]

This is a really smart move.
The cleverest thing they could have done -

China could be preparing to spring a global compact to drive tariffs to zero, and approach Trans Pacific Partnership members including Australia for access to the grouping, positioning Beijing as a champion for free trade.

That's the view of former Prime Minister Kevin Rudd, who believes China's President Xi Jinping may even use next month's World Economic Forum summit in Switzerland to launch across-the-board liberalisation that would "take the world by storm".

"That indeed could represent a serious new challenge to American leadership," Mr Rudd warned in a speech in New York on Wednesday

 

[SirRumpole]

This is a really smart move.
The cleverest thing they could have done -

If China wanted to do that then we should say yes, provided there is a close to zero balance of trade between us and them.

 

[sptrawler]

If China wanted to do that then we should say yes, provided there is a close to zero balance of trade between us and them.

It would certainly close down any manufacturing, that can't compete with China.

 

[SirRumpole]

It would certainly close down any manufacturing, that can't compete with China.

Why should we have to compete with slave labour ?

 

[sptrawler]

Why should we have to compete with slave labour ?

Read up on the Lima agreement, i'm not sure if is accurate or not, but interesting concept.

http://www.gwb.com.au/gwb/news/lima/

From what I've read, Australia signed up to it in 1975.

 

[SirRumpole]

Read up on the Lima agreement, i'm not sure if is accurate or not, but interesting concept.

http://www.gwb.com.au/gwb/news/lima/

From what I've read, Australia signed up to it in 1975.

Global Socialism ?

It only works if the salaries and conditions in the 3rd world countries come up to those in the developed countries, and for the most part that hasn't happened.

 

[sptrawler]

Global Socialism ?

It only works if the salaries and conditions in the 3rd world countries come up to those in the developed countries, and for the most part that hasn't happened.

Things usually go to the lowest common denominator.

That is what trump is fighting.

 

[SirRumpole]

Not all good under the surface in China.

https://www.abc.net.au/news/2019-01-20/chinas-looming-great-wall-of-debt/10713614

 

[luutzu]

Not all good under the surface in China.

https://www.abc.net.au/news/2019-01-20/chinas-looming-great-wall-of-debt/10713614

Debt would be a serious problem if it's personal debt, maybe corporate debt. But seeing how most Chinese corporate debt are state owned enterprises... ie, gov't will just bail them out.

Gov't debt can be repaid by just printing money. Sure that'll cause inflation etc., but when you're big enough, people won't mind that much, apparently.

The thing about measure economic instability, financial weakness through debt level, as the eggheads in the paper look to all be doing.. is that they ignore what those debt are spent on, ignore that "grand strategy".

Building empty cities or empty roads and rail barely being filled. Sure, for now. Once the gov't curb rich investor's appetite for empty apartments while most average Chinese couldn't start a family 'cause they can't afford housing... those flats will go for cheap.

To say that China's roads are mostly empty, no cash flows. Well... that's better than our congested roads where people stay for hours on them, and paying through the nose through tolls and wasted fuel idling.

On a national, gov'tal level, I don't think you can measure financial, economic well being the way you measure a family or an individual's balance sheet.

Our politicians and economist in the West seem to have drunk that cool-aid and hence, austerity during economic recession to be "fiscally responsible". Cutting public services, putting more expense on the working poor who's already doing it tough... all to "balance" the budget.

China is playing the long game. They're going to be owning the entire Euro-Asian landmass next couple decades.

 

[SirRumpole]

To say that China's roads are mostly empty, no cash flows. Well... that's better than our congested roads where people stay for hours on them, and paying through the nose through tolls and wasted fuel idling.

https://www.dailymail.co.uk/news/article-5423061/Thousands-cars-stranded-epic-10km-traffic-jam.html

 

[luutzu]

https://www.dailymail.co.uk/news/article-5423061/Thousands-cars-stranded-epic-10km-traffic-jam.html

I was just responding to the previous article's think tanker saying China's just building empty cities and highways etc.

I think at the current rate, China's high speed rail will equal all the world's high speed rail in about 2022.

From glancing at the feed of its finished highways and tunnels, it's quite impressive.

 

[qldfrog]

Not all good under the surface in China.

https://www.abc.net.au/news/2019-01-20/chinas-looming-great-wall-of-debt/10713614

But how hard it will hurt us in Australia..30pc of our export the rest towan japan/s korea...who build for China
Today in a resort in southern china.walk on the beach this morning, the next door mega development is stopped and rust is starting.along the way still so many high rises and cranes but empty, the older ones with selling signs still and a few of them only with sign of life
I have the feeling the downhill has started..a year ago i was scared, now, more empty building and cranes , but work seems stopped and not as frantic..just anecdotal evidence, but the fall has started in my opinion.be careful with your bhp and rio portfolio my 2c advice
Rolls-Royce and porche/mercs around but not sure how new these are
Less westerners in the bay area as well.all anecdotal obviously.but....

 

[SirRumpole]

But how hard it will hurt us in Australia..30pc of our export the rest towan japan/s korea...who build for China
Today in a resort in southern china.walk on the beach this morning, the next door mega development is stopped and rust is starting.along the way still so many high rises and cranes but empty, the older ones with selling signs still and a few of them only with sign of life
I have the feeling the downhill has started..a year ago i was scared, now, more empty building and cranes , but work seems stopped and not as frantic..just anecdotal evidence, but the fall has started in my opinion.be careful with your bhp and rio portfolio my 2c advice
Rolls-Royce and porche/mercs around but not sure how new these are
Less westerners in the bay area as well.all anecdotal obviously.but....

Nothing like a good man on the site .

 

[qldfrog]

Nothing like a good man on the site .

Not sure but my eyes do not lie nor want to rely on an economic report cooked by someone in an office..will see how it will end up.a bit scary to be honest.i would not like living in taipei this year or be assigned on a us ship around here

 

[qldfrog]

And during that time in the west
https://www.theguardian.com/environment/2019/jan/19/could-flexitarianism-save-the-planet
While Rome is burning.. history repeating

 

[sptrawler]

China's influence and reach is starting to be recognised.

http://www.thebull.com.au/articles/a/80186-eu-to-keep-closer-eye-on-chinese-takeover-moves.html

 

[luutzu]

China's influence and reach is starting to be recognised.

http://www.thebull.com.au/articles/a/80186-eu-to-keep-closer-eye-on-chinese-takeover-moves.html

Huawei's Chairman [?] recently said that he believe the US/West is banning Huawei's hardware because it won't allow US/Western security/intelligence agencies to collect data and spy on its users.

Implied in that, of course, is that only Beijing and its allies could collect the data and spy on the users.. leaving the West out in the cold.

Hence, security issue.

That and Western IT giants gotta make their money overcharging us plebs right.

 

[Darc Knight]

"Nothing to worry about, nothing to see here!!!"

https://mobile.abc.net.au/news/2019...-scott-morrison-cyber-attack-hackers/10821170

Yeah, you reckon they are telling us the full story? Obviously Jina and Russia are on the short list of possible hackers