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(13-07-2024, 11:51 PM)lylcnn Wrote: Aiyoh..."other economies" refer to rest of world lah, USA, Jipun, etc....Their economies strong so able to buy and consume a lot of China goods. So China exports are high lah.
Internally China's economy is weak, confidence low and consumption also low, hence import growth not strong or even YoY drop....
Both above factors contribute to the record surplus lor....Which part do you find funny, or find contradictory?
Izzit ? I last checked US Debt has topped US$ 30Trillion that got IMF worried & the Yen fell to the lowest in nearly 40 years that forced Jipun Gov to support it....
"their economies strong" ? hmmm
https://www.businesstimes.com.sg/interna...-yen-falls
https://www.washingtonpost.com/business/...ates-debt/
You've got friendly neighbours? Grow Up! - 李光耀 2013
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Me thinks China's trade surplus is going accelerate even more not because of "cheap Chinese" exports...but because Beijing has prepared for a more challenging world trade thanks to the US-led Trade and Tech War against the Middle Kingdom. At the end of the Day, the China has responded well by not banning EU imports like they did to Huawei, nor increase tariffs or put sanctions in others, but to improve China's industrial efficiency and productivity and welcome more FDI..like Tesla and VW are doing.
Quote:Factories in China already make almost a third of the world’s manufactured goods. Xi Jinping, the country’s top leader, has set a national goal of fostering “new quality productive forces,” with an emphasis on building even more factories with lots of robots and other automation.
You've got friendly neighbours? Grow Up! - 李光耀 2013
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(13-07-2024, 02:10 PM)Manthink Wrote: Problem with sgbuffett is his beloved fixation for a "China Collapse" has failed him to see the obvious larger picture which tis the Message the NYT reporter is saying in the Final paragraph of this NYT article:
The emphasis on industrial expansion to offset China’s housing crisis is evident in official data: Net new bank loans to industrial borrowers reached $614 billion in the 12 months through March. That was six times annual lending to those borrowers before the pandemic, and almost exactly replaced the loans that previously went to the real estate sector.
The fvker SgButt knows nothing about economy with low level of education.
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No worry.
Sgbutt will collapse first before China rise further.
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To those anti china, their dictionary shows
A collapse is when a country does well with record trade surplus.
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China has 200m graduates but needs someone who flunked his A level to tell them what to do? 想想都觉得好好笑
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The word collapse was popularized by ahbutt's sifu gordon ching Chong chiang
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(14-07-2024, 02:33 AM)Manthink Wrote: Izzit ? I last checked US Debt has topped US$ 30Trillion that got IMF worried & the Yen fell to the lowest in nearly 40 years that forced Jipun Gov to support it....
"their economies strong" ? hmmm
https://www.businesstimes.com.sg/interna...-yen-falls
https://www.washingtonpost.com/business/...ates-debt/
just look at respective countries' companies' record profits, rising salaries, and unemployment rates...
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(13-07-2024, 02:10 PM)WhatDoYouThink! Wrote: Aiya dun worry lah. China has collapsed many times, they're still around and continue to give you worries. One day you collapse china is still around
Got a good laugh...
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(14-07-2024, 07:15 PM)lylcnn Wrote: just look at respective countries' companies' record profits, rising salaries, and unemployment rates...
Errr..you last mentioned US and Jipun claiming their economies are "strong" is -So I share meta FACT of these 2 countries today....Where are yours ?
(13-07-2024, 11:51 PM)lylcnn Wrote: Aiyoh..."other economies" refer to rest of world lah, USA, Jipun, etc....Their economies strong so able to buy and consume a lot of China goods. So China exports are high lah.
Internally China's economy is weak, confidence low and consumption also low, hence import growth not strong or even YoY drop....
Both above factors contribute to the record surplus lor....Which part do you find funny, or find contradictory?
You've got friendly neighbours? Grow Up! - 李光耀 2013
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(14-07-2024, 07:55 PM)Tee tiong huat Wrote: Got a good laugh... ![Laughter-13 Laughter-13](https://sgtalk.net/images/smilies/Animated2/laughter-13.gif)
![[Image: E4-Ety-N3-1.gif]](https://i.ibb.co/r6DKyZF/E4-Ety-N3-1.gif)
How did China go from a poor society, devastated by World WarII & its own civil war by mid-20th century, to number two (2) economy today?.
After decades of economic stagnation setbacks under Communist rule, China began to open itself to international trade & liberalize economy when it established diplomatic & trade relations with U.S. in 1979. As its subsequent export growth fueled growth of manufacturing & urbanization, China rose to be a major global economic power over the next four decades.
The year China’s export surged in June, customs admin reported Friday & imports shrank, with Chinese companies households becoming more cautious about spending money.
This result was a good news for China, a record monthly trade surplus of over $99 billion.
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(16-07-2024, 10:06 PM)Tee tiong huat Wrote: How did China go from a poor society, devastated by World WarII & its own civil war by mid-20th century, to number two (2) economy today?.
After decades of economic stagnation setbacks under Communist rule, China began to open itself to international trade & liberalize economy when it established diplomatic & trade relations with U.S. in 1979. As its subsequent export growth fueled growth of manufacturing & urbanization, China rose to be a major global economic power over the next four decades. The year China’s export surged in June, customs admin reported Friday & imports shrank, with Chinese companies households becoming more cautious about spending money.
This result was a good news for China, a record monthly trade surplus of over $99 billion.
Over 300 years ago China already had similar huge trade surplus with the West because the Chinese exports like Silk, Porcelain and Tea...
Europeans went crazy over these Made-in-China products... regarding those as luxury items
Everyone was happy - China was making $, the Europeans are enjoying Chinese exports...
Then the Angmoh forget they cannot print $ since the trade was in Gold, silver etc...
When Angmoh realise $-No-Enough. they decided to attack China.
How to justify that ? By trying to sell things that China does not want...
That led to the Opium Wars.
FACT is - History has a cruel way of repeating itself - the Chinese are well-aware that Angmoh are nothing more than just another Barbarians who can't wait to plunder and attack when you are weak....
You've got friendly neighbours? Grow Up! - 李光耀 2013
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(This post was last modified: 17-07-2024, 10:09 AM by
Manthink.)
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Why pdf worry about china's collapse? Will they becum poorer?
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