[cityhantam]

https://www.straitstimes.com/business/ec...of-october

Exports grew 27.1 per cent in dollar terms in October from a year earlier to US$300.2 billion (S$405.4 billion), data from the General Administration of Customs showed on Sunday (Nov 7). It was the 13th straight month of double-digit growth, and exceeded economists' expectations of a 22.8 per cent gain.

Import growth quickened to 20.6 per cent year on year, leaving a trade surplus of US$84.5 billion.

[revealer]

The growth was because last year was a bad year.  Hit by Coronavirus.  The growth dipped a bit compared to last month.

source: tradingeconomics.com

China has already lost its market economy status in WTO last year.  This means that the US,  European Unions,  Australia, Japan, and the other US Alliances can slam additional tariffs on the Chinese products and goods without worrying that China will make a noise.

https://www.japantimes.co.jp/news/2020/0...ispute-eu/

According to WTO,  these US and its Alliances last year consumed about 40% of China's export.  If the Alliances were to take the same afford as the US to raise their tariffs,  the effect should be felt sooner. So China will have to trade with caution not to offend these countries unnecessarily.

[cityhantam]

Trump raised tariffs, but USA contues to import more from China! 

From January 1, 2022, RCEP will be activated. 

[webinarian]

Of course, beat estimate.  

When the whole world cannot produce and only China produce until day and night still can't meet demand. 

Sure beat estimate, right?

[maxsanic]

The growth was because last year was a bad year.  Hit by Coronavirus.  The growth dipped a bit compared to last month.

source: tradingeconomics.com

China has already lost its market economy status in WTO last year.  This means that the US,  European Unions,  Australia, Japan, and the other US Alliances can slam additional tariffs on the Chinese products and goods without worrying that China will make a noise.

https://www.japantimes.co.jp/news/2020/0...ispute-eu/

According to WTO,  these US and its Alliances last year consumed about 40% of China's export.  If the Alliances were to take the same afford as the US to raise their tariffs,  the effect should be felt sooner. So China will have to trade with caution not to offend these countries unnecessarily.

Slapping tariffs only works if there is very strong competition with alternative suppliers at roughly same parity, doing this now does nothing except to jack up inflation even higher and creating more social unrest along the way.

Allies who could afford to do that would have followed the US regardless of WTO if they could get something out of it. The only reason why this isn't happening is that it simply cannot be done and market status or not isn't going to change that.

[webinarian]

Now, if China not producing, the whole world will have nothing to buy. 

In western countries including USA, without production from China, they will not be able to get all the Christmas goods and new year goods. 

Even with production, supply is not enough for the demand. That why inflation now.

[webinarian]

...
China has already lost its market economy status in WTO last year.  This means that the US,  European Unions,  Australia, Japan, and the other US Alliances can slam additional tariffs on the Chinese products and goods without worrying that China will make a noise.
...

What is the use of tariff when 90% is borne by importers? 

US consumers pay for it. It is inflation for own economy.

.

[Blasterlord2]

There is no other competitor that is close enough to rival China. All of us are addicted to buying cheap but reasonably good quality stuff. Which other country can do that? Until a strong rival comes along, China's export will continue to be strong.

[debono]

There is no other competitor that is close enough to rival China. All of us are addicted to buying cheap but reasonably good quality stuff. Which other country can do that? Until a strong rival comes along, China's export will continue to be strong.

China has one advantage, they have a cheap labour force, and that is why their prices of thing manufactured can be very competitive....

[Blasterlord2]

China has one advantage, they have a cheap labour force, and that is why their prices of thing manufactured can be very competitive....

More than just cheap labour, otherwise companies can go to even cheaper countries like India.

China has a complete ecosystem. A product as many components, and all the component manufacturers are located nearby. Plus they have excellent logistics and infrastructure. I'm always amazed at how efficient they are. Once I placed an order, after a short delay the item will be dispatched out and reached another province on the next day. So it's not just talk, they put it into action fast.

[webinarian]

China has one advantage, they have a cheap labour force, and that is why their prices of thing manufactured can be very competitive....

Not really. Some are paid quite well.

Huawei has about one thousand employees who are paid more than 10 million yuan per year and about five thousand employees who are 1 million yuan per year. 

Are they paid well?  

.

[alanis]

China has one advantage, they have a cheap labour force, and that is why their prices of thing manufactured can be very competitive....

You are wrong again!

Manufacturing labor costs per hour for China, Mexico, Vietnam from 2016 to 2020(in U.S. dollars)

[debono]

Not really. Some are paid quite well.

Huawei has about one thousand employees who are paid more than 10 million yuan per year and about five thousand employees who are 1 million yuan per year. 

Are they paid well?  

.

OK, China have some who are paid well, but the majority is not paid that well. Perhaps the corporate tax is low, as the govt. wants the factories to expand...

[cf9]

China has one advantage, they have a cheap labour force, and that is why their prices of thing manufactured can be very competitive....

I don't know you on space trip for 20 years already.

[webinarian]

OK, China have some who are paid well, but the majority is not paid that well. Perhaps the corporate tax is low, as the govt. wants the factories to expand...

They already raised 800 million people from poverty to middle class.  If not, why, before covid, most countries looked forward to have tourists from China to come and buy goods. Our Orchard road shops also opened many branded goods to receive them. Of course, now with covid, these shops are in difficulty.   

You are not that updated. You still think they are like 50 years ago?  lol.     

.

[revealer]

China has one advantage, they have a cheap labour force, and that is why their prices of thing manufactured can be very competitive....

Not anymore.  Vietnam's labour is half and Mexico is lower

[revealer]

What is the use of tariff when 90% is borne by importers? 

US consumers pay for it. It is inflation for own economy.

.

In a good time when everyone has good profit, slight tariff increase especially for the cheaper essential goods,  it might not be making much difference as some sectors of the business chain might absorb the cost because of business competition.  In bad times,   which is yet to come, and when the competition turns really ugly,  countries will so suffer that such tariff increases will turn into wars as evidenced from the past histories.   

So it is good for countries to keep a healthy relationship and not to provoke each other thinking they can go happy go lucky,  throwing bad comments and bad mouth around with a few cents in the pocket,  always inviting other countries to take action on them.   Yet many are still happy go lucky thinking that it is a beautiful World coming to greet them.

[singlon]

Not true.
Container ships unable to unload
INFLATION
Singapore last check highest at 71
Operande is always the same.
Firstu deflate and then u inflate since US corporation
has gone Bankrupted
It is worse now since Cop26 150T same playbook 1913 Federal reserve act failed.

[cityhantam]

Someone thinks that if you bow, kneel and kowtow to angmohs, the angmohs will becone kind, magnanimous and generous? 

[singlon]

China under water on coal rolling blackout.
Noone asks china to send the ships.
Joe is now desperate to keep US corporation working dead.
Singapore also the same. Dead. Worse all Jabbed poisoned.
Opposition to US republic loses la Palma and 3 gorges dam getting better shapes
can't pull them off.
Xi is the hero that will right everything in the Alliance of Iraq India China US and Russia
Joe US is leaving Iraq after failure to take out IraqPM with drone strikes.
This is Afghan2.0

[revealer]

Trump raised tariffs, but USA contues to import more from China! 

From January 1, 2022, RCEP will be activated. 

It is fortunate that Biden has taken over.  Biden has a different strategy for tackling China.   He opted to solve and strengthen USA's problems first and take a longer approach to handle China in the longer term.   They are all thinking about the same,  to make the US stronger.   Biden can be even deadlier and more successful than Trump. Biden has the support of the European Union and Australia whereas Trump is always fighting alone  The EU's action to restrain China in the WTO will never happen under Trump Administration.   I am watching out for Trump's come back as this guy has not hung up his gloves.

https://edition.cnn.com/videos/tv/2021/1...policy.cnn

[singlon]

Biden is dead.
US republic is taking over her rightful place as the owner of US republic under the Law of the land.
Pope Francis the Roman emperor is having sleepless night. Law of the sea.
Greenbond under Treasury Yellen the 150T cop26 fiasco. same like in 1913 federal reserve act.
Totally Popkai. fullstop.

[revealer]

https://twitter.com/i/status/1457920191728439299

[revealer]

https://twitter.com/i/status/1288234854920810496

[revealer]

Hope won't end up like this

https://twitter.com/i/status/1454737417219428352