(Thread IKs:
fart simpson)
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sincx posted:What Trump doesn't realize, and what I hope Xi and his gang of Game of Thrones-lovers realizes, is that if someone sells you something, takes your piece of paper with a number on it, and holds on to that piece of paper or uses it to trade with third parties, thats a really good thing. It means you got something of value in exchange for a piece of paper that you can print at any time. Generally when a foreign country sells you something, you don't buy it with your piece of paper but their piece of paper that you exchange your piece of paper for first. And they will lend your piece of paper back to you until they want to buy something with it. These two factors are why free trade policy in practice separates countries into semi-permanent creditors and debtors based on trade surpluses and deficits, with only countries that become export powerhouses rising into the ranks of the creditors. Aiming for trade surpluses is entirely rational, and China being a surplus heavyweight is a big reason why it has quickly become a huge lender able to lend on better terms than its competitors and getting a long-term claim on a share of the production of its trade partners.
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May 24, 2019 00:14
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I think his point is that the RMB can’t function as a reserve currency unless capital controls are lifted.
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May 24, 2019 02:54
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hopefully daddy xi reads c-spam. china could really benefit from this goon's currency advice
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May 24, 2019 03:09
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perhaps the strict rules on foreign capital are why china is doing well????????
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May 24, 2019 04:45
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deckgibson posted:I think his point is that the RMB can’t function as a reserve currency unless capital controls are lifted. And mine was that aiming for that is a tradeoff based on how stable your foothold in global markets is. Lifting capital controls means that Chinese capitalists become free to invest wherever they find the most profit, and it would suck for China if that wasn't China. Countries tend to start advocating for free trade policy once they consider their economies defensible from competitors because they are more productive (note: just in terms of making money out of money, no need to produce anything physically). China is a complex case because its absolute size and some highly developed pockets make it look like it's in that position, while the rest of the country actually drags the average down to something like 1/3 or 1/4 of US productivity, totally dependent on either protectionism or ruthless labor exploitation. And labor unrest becomes exponentially more potent as it grows from personal, to enterprise, to local, to regional, to national scale, China can only handle that 996 stuff because it happens in special zones and circumstances to kids of peasants so those superexploited people have as hard as possible time uniting into a force to be reckoned with. While being a reserve currency lets one run a surplus without the normal interest rate or exchange rate risks, surpluses risk negative feedback loop of depriving the domestic economy of productive investment needed to become more competitive. If you can just fart out money without risk, and your country produces below average cars while your neighbor produces great cars, you are going to end up with great cars but producing even more below average cars. Investment money goes to where it's most profitable, and because everyone's drowning in money, profit isn't in exports, it's in investment assets. I would argue that the USA has been going down this path for a long time, it's propped up by a bunch of extremely successful sectors but a lot more are in ruins due to the nature of being on top.
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May 24, 2019 09:39
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Nothing else can be reserve currency until Euro become more important and dollar stop being the default currency for oil.
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May 24, 2019 09:59
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To be a reserve currency you have to run silly deficits. Where are the reserves supposed to come from otherwise?
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May 24, 2019 10:21
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sincx posted:There's one thing that China can do that would both severely hamper the effects of US sanctions and dramatically boost its own international image: source your quotes
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May 24, 2019 10:28
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genericnick posted:To be a reserve currency you have to run silly deficits. Where are the reserves supposed to come from otherwise? If you count the central bank as part of the state sector, but that’s not how any country measures deficits, so deficits that actually show up on balance sheets need to explained through a different mechanism.
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May 24, 2019 11:18
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To be a reserve currency you also need to be vulnerable to speculation, which is a hard sell for a country like China which is still developing to parity with the First World.
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May 24, 2019 11:20
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There's also the issue that China's banks are notoriously closed off and don't give records out, which they would have to change if they want to try to become a reserve currency or even try to float their currency.
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May 24, 2019 13:05
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Mantis42 posted:Market socialism, especially when it exists as an island within Capitalism, is still subject to the malign influence of Capitalist value and thus can become a race to the bottom as different firms seek to outcompete one another. Regulations help set a minimum standard of worker protection. Under normal circumstances I would agree however huawei is on the frontlines of combat vs US economic imperialism during period of protracted people's war. If on long march during luding bridge crossing red army sentries suddenly declare "I have already fired at capitalist reactionary forces for 8 hours so I'm going to stop now" said sentries would rightful consigned to firing squad asap. Huawei workers realize every line of code written is another stake driven into the coffin of capitalism. Thus exceptions must be made to defend socialism, defend marxist ideology, defend leninist ideology, defend china, defend chinese working class prosperity, defend communist party, and defend chinese advancement in productive forces.
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May 24, 2019 16:18
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If Xi wants China to be a regional leader he has to surrender control to the IMF and enact austerity. Trust me, I earned my certification. 
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May 24, 2019 16:41
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Grapplejack posted:https://www.abc.net.au/news/science/2019-05-23/mystery-ozone-depleting-gas-tracked-to-china/11137546 China makes arrests, shuts down rogue chemical factories that spewed banned ozone-depleting gas quote:May 23, 2019
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May 26, 2019 17:09
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https://twitter.com/business/status/1132802069612642306
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May 27, 2019 01:17
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I'm the guy in the comments claiming "we" built China with the UK e: depicted: western philanthropists building China 
Mantis42 has issued a correction as of 01:44 on May 27, 2019 |
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May 27, 2019 01:41
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the century of humiliation really did build modern China if you think about it 
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May 27, 2019 01:48
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key bit of info buried in the story: quote:(China also slaps on import duties of 44% and a domestic sales tax of 36.5%.)
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May 27, 2019 02:31
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https://twitter.com/KoenSwinkels/status/1132838201645780992
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May 29, 2019 02:27
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R. Guyovich posted:key bit of info buried in the story: thank you. culture is not policy and western media drives me mad with this poo poo
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May 29, 2019 05:51
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There's literally no way this is true, even though America would totally do that There's over a million international students, you think the FBI makes visits to over 300,000 teenagers?
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May 29, 2019 07:07
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Modest Mao posted:There's literally no way this is true, even though America would totally do that
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May 29, 2019 07:13
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The CIA is personally stalking each and every Chinese citizen in between setting up thousands of foreign organizations and politicial parties.
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May 29, 2019 07:35
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I fully believe the FBI does call universities just to make sure anyone on a visa isn't taking plane lessons or buying fertilizer though.
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May 29, 2019 07:41
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broke: gangstalking woke: Fedstalking
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May 29, 2019 07:44
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BrutalistMcDonalds posted:yeah the original source cites a survey that said 1/3 of university staff surveyed reported that FBI popped up to inquire about international students, which is of course a very different number that's only like 1/1,000th the number implied, within a couple orders of magnitude
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May 29, 2019 08:26
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BrutalistMcDonalds posted:yeah the original source cites a survey that said 1/3 of university staff surveyed reported that FBI popped up to inquire about international students, which is of course a very different number i say swears online posted:that's only like 1/1,000th the number implied, within a couple orders of magnitude Moreover does it say that they ask specifically about Chinese students? Also I wonder at all the other areas the FBI could be involved in for fairly routine interactions with uni staff. Also wonder what these dudes think of the reports that China's internal security has paid some friendly visits to the family of Chinese exchange students who have publicly criticized China. Or that Chinese student groups are monitoring the activity of Chinese students in the US. (Also happy to hear of any counterpoints to the above that I've read in Western media)
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May 29, 2019 10:23
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LimburgLimbo posted:Also wonder what these dudes think of the reports that China's internal security has paid some friendly visits to the family of Chinese exchange students who have publicly criticized China. Or that Chinese student groups are monitoring the activity of Chinese students in the US. I think this is whataboutism.
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May 29, 2019 10:28
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LimburgLimbo posted:Moreover does it say that they ask specifically about Chinese students? Also I wonder at all the other areas the FBI could be involved in for fairly routine interactions with uni staff. there's a lot of accusing your enemy of the things you're doing in the former but in the case of the latter has it been definitely proven there's coordination between student groups and the government? it's not ridiculous to think that chinese students disliking criticism of their country might dislike it because they dislike it.
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May 29, 2019 10:35
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Lambert posted:I think this is whataboutism. Oh absolutely in a sense, but it's also, from my understanding, the Chinese government very literally doing the exact thing that those tweeters are accusing the US gov't of doing; spying on Chinese students for political reasons. It's not whataboutism in the sense that I'm bringing up *completely unrelated bad thing done by someone else* just to muddy the waters. R. Guyovich posted:there's a lot of accusing your enemy of the things you're doing in the former but in the case of the latter has it been definitely proven there's coordination between student groups and the government? it's not ridiculous to think that chinese students disliking criticism of their country might dislike it because they dislike it. Articles I recall seeing suggested very specifically that there was coordination/it was gov't run, but I don't have them in front of me and can't search and summarize right now as I am (ironically?) going to be late for my Mandarin lessons, but I'll look later at the specifics if someone doesn't beat me to it. I'm interested if there's counterpoints/a good breakdown of why the articles are untrue or misleading, though it would seem like par for the course for the CCP security apparatus to do something along those lines.
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May 29, 2019 10:59
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LimburgLimbo posted:Oh absolutely in a sense, but it's also, from my understanding, the Chinese government very literally doing the exact thing that those tweeters are accusing the US gov't of doing; spying on Chinese students for political reasons. It's not whataboutism in the sense that I'm bringing up *completely unrelated bad thing done by someone else* just to muddy the waters. The hypocrisy is rich because the FBI function as a secret police, which is something you'll never get any of the liberals who handwring about fred hampton et. al's assassinations to admit.
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May 29, 2019 15:38
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literally nobody in this thread thinks the US government is good and does good things (except hampiss), but some people itt simultaneously think that hey, the chinese government ain't all that it's cracked up to be either whataboutism is useless for that reason
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May 29, 2019 15:43
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get that OUT of my face posted:literally nobody in this thread thinks the US government is good and does good things (except hampiss), but some people itt simultaneously think that hey, the chinese government ain't all that it's cracked up to be either Ccp is betrayer of revolution and now completely composed of capitalist roaders hth
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May 29, 2019 15:50
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get that OUT of my face posted:literally nobody in this thread thinks the US government is good and does good things (except hampiss), but some people itt simultaneously think that hey, the chinese government ain't all that it's cracked up to be either The original topic is about Americans whipping up another red scare and yellow peril, to which white guys in east Asia will say "but what about..."
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May 29, 2019 15:53
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Sir, this is the China thread.
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May 29, 2019 23:35
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the NYPD was spying on Muslims around the country and posters ITT are skeptical that the FBI is trying to keep tabs on Chinese students.
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May 29, 2019 23:43
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bob dobbs is dead posted:Ccp is betrayer of revolution and now completely composed of capitalist roaders hth dengists believe theyre gonna dramatically reveal theyre actually communists like that old simpsons joke but serious
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May 29, 2019 23:44
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Pener Kropoopkin posted:the NYPD was spying on Muslims around the country and posters ITT are skeptical that the FBI is trying to keep tabs on Chinese students. they probably do in fields like nuclear physics and other sensitive areas. probably not art students tho in other words, I doubt it's specifically a racist anti-chinese thing, more US hegemony in certain fields thing, if it's happening this is just speculation, the US government is often surprisingly racist so
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May 29, 2019 23:56
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Pener Kropoopkin posted:the NYPD was spying on Muslims around the country and posters ITT are skeptical that the FBI is trying to keep tabs on Chinese students. Correct, they are watching all or nothing. The FBI does no half measures
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May 30, 2019 00:00
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| # ? May 26, 2024 13:05 |
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FBI is better at infiltrating Nation of Islam than at the Confucius Institute. Cause the Febs are too racist to hire Chinese.
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May 30, 2019 00:17
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