[Asia/Oceania] Yellen says she hopes China wont mount retaliation against any steps Washington takes

The Something Awful Forums > Discussion > C-SPAM > [Asia/Oceania] Yellen says she hopes China wont mount retaliation against any steps Washington takes

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(Thread IKs: fart simpson)

Raskolnikov38: Mar 3, 2007; We were somewhere around Manila when the drugs began to take hold

Mantis42 posted:

Incredible things

https://twitter.com/CCTV/status/1618081631943921664?s=20&t=yRPlO6pMNcmijqKAAzCxjA

oh no they�ve caught up to us in �hey Arnold� technology

# ? Jan 30, 2023 05:21

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# ? May 26, 2024 04:20

Antonymous: Apr 4, 2009

quote:

The list consists of the sci-fi blockbuster "The Wandering Earth II," the commercial hits "Full River Red" and "Hidden Blade," the family comedy "Five Hundred Miles," the sports drama "Ping-pong of China," and the animated fantasies "Deep Sea" and "Boonie Bears: Guardian Code."

"Compared with previous years, I think this Lunar New Year holiday has the best movie collection on offer," Guo said, adding that the genres are rich and diverse enough to appeal to movie-goers of every age group.

good for china

# ? Jan 30, 2023 05:57

Palladium: May 8, 2012; Very Good
✔️✔️✔️✔️

but at what cost

# ? Jan 30, 2023 05:57

Zodium: Jun 19, 2004

Mr Hootington posted:

I've never seen the Chinese new year referred to as the lunar new year until this year. It makes me laugh so hard how out of control the libs are.

I've seen it lots of times. why is it suddenly a culture war signifier

# ? Jan 30, 2023 06:32

gradenko_2000: Oct 5, 2010; HELL SERPENT; Lipstick Apathy

there was absolutely a shift to people emphasizing calling it the Lunar New Year this year specifically, under the premise that it's some kind of nefarious Chinese plot that they were calling it "Chinese New Year" all this time to make it sound like China invented the holiday as a means of exerting influence

# ? Jan 30, 2023 06:49

Weka: May 5, 2019; That child totally had it coming. Nobody should be able to be out at dusk except cars.

Zodium posted:

I've seen it lots of times. why is it suddenly a culture war signifier

Slowly building up to the claim that Chinese people are moon aliens.

# ? Jan 30, 2023 08:21

Palladium: May 8, 2012; Very Good
✔️✔️✔️✔️

gradenko_2000 posted:

there was absolutely a shift to people emphasizing calling it the Lunar New Year this year specifically, under the premise that it's some kind of nefarious Chinese plot that they were calling it "Chinese New Year" all this time to make it sound like China invented the holiday as a means of exerting influence

ccp global propaganda is so perverse and successful that im only seeing the opposite

# ? Jan 30, 2023 08:28

Jazerus: May 24, 2011

gradenko_2000 posted:

there was absolutely a shift to people emphasizing calling it the Lunar New Year this year specifically, under the premise that it's some kind of nefarious Chinese plot that they were calling it "Chinese New Year" all this time to make it sound like China invented the holiday as a means of exerting influence

ah, i have a solution: taiwanese new year

# ? Jan 30, 2023 08:35

Telluric Whistler: Sep 14, 2008

Islamic New Year with green packets and even more power by our Moon God

# ? Jan 30, 2023 08:39

gradenko_2000: Oct 5, 2010; HELL SERPENT; Lipstick Apathy

Jazerus posted:

ah, i have a solution: taiwanese new year

my cats prefer Tet this year for some reason

# ? Jan 30, 2023 08:42

tristeham: Jul 31, 2022

Palladium posted:

but at what cost

# ? Jan 30, 2023 08:43

cenotaph: Mar 2, 2013

Telluric Whistler posted:

Islamic New Year with green packets and even more power by our Moon God

Moon god?

# ? Jan 30, 2023 09:25

Centrist Committee: Aug 6, 2019

moon very god

# ? Jan 30, 2023 09:29

comedyblissoption: Mar 15, 2006

https://twitter.com/chenweihua/status/1619763118414110726

# ? Jan 30, 2023 09:53

Cerebral Bore: Apr 21, 2010; Fun Shoe

on the one hand we'd probably all die in nuclear hellfire, but on the other hand the Content would be worth it

# ? Jan 30, 2023 10:20

tristeham: Jul 31, 2022

comedyblissoption posted:

https://twitter.com/chenweihua/status/1619763118414110726

great idea from Chen imho

# ? Jan 30, 2023 10:56

KirbyKhan: Mar 20, 2009; Soiled Meat

Trump's right

# ? Jan 30, 2023 11:22

Weka: May 5, 2019; That child totally had it coming. Nobody should be able to be out at dusk except cars.

KirbyKhan posted:

Trump's right

# ? Jan 30, 2023 11:36

Orange Devil: Oct 1, 2010; Wullie's reign cannae smother the flames o' equality!

cenotaph posted:

Moon god?

Tides go in, tides go out, you can't explain that.

# ? Jan 30, 2023 11:57

KirbyKhan: Mar 20, 2009; Soiled Meat

cenotaph posted:

Moon god?

# ? Jan 30, 2023 12:12

Palladium: May 8, 2012; Very Good
✔️✔️✔️✔️

night elves are the counterpart to orcs

# ? Jan 30, 2023 12:13

Bilirubin: Feb 16, 2014; The sanctioned action is to CHUG

gradenko_2000 posted:

there was absolutely a shift to people emphasizing calling it the Lunar New Year this year specifically, under the premise that it's some kind of nefarious Chinese plot that they were calling it "Chinese New Year" all this time to make it sound like China invented the holiday as a means of exerting influence

IDK I got it from my postdoc from Beijing who calls it that vOv

# ? Jan 30, 2023 16:13

the bitcoin of weed: Nov 1, 2014

I've heard it called lunar new year for a few years now and I always figured that was from Koreans etc celebrating and not wanting it to be Chinese new year with all the weird anticommunist stuff that goes with that but

Antonymous posted:

Chinese new year is Jan 1st and they use the roman alphabet. China is a westernized country ok?

this makes sense too, like the lunar calendar is only used for holidays and the Business Calendar is for everything else. but those are the biggest holidays after all

# ? Jan 30, 2023 16:17

stephenthinkpad: Jan 2, 2020

Living in NY, I don't mind calling it LNY because even I didn't know Koreans and Vietnamese celebrate on the same day. Also I get the impression nobody outside of Chinese community celebrated it 10 years ago. Now you get a lot more random non Chinese participants in the LNY parade.

However, I would have liked to call it "Spring festival" instead of LNY because CNY is basically called Spring festival 95% of the time in China. Also we East Asians still has less public holiday for school and parking suspension than South Asian origined holidays and way less than jewish holidays. Mid Autumn festival is still not a public holiday.

# ? Jan 30, 2023 16:35

GlassEye-Boy: Jul 12, 2001

The Chinese have found a way to use capitalism against us! Lol.

https://twitter.com/GalLuft/status/1619998991361658882?s=20&t=RbqNSchaLG4AHQuRH913qQ

# ? Jan 30, 2023 17:32

Cerebral Bore: Apr 21, 2010; Fun Shoe

it's literally always projection lmao forever

# ? Jan 30, 2023 17:34

stephenthinkpad: Jan 2, 2020

Military-Civilian fusion is basically US ICT industry, anything cellphone and semiconductor related.

(China is not allowed to use Capitalism against us because Capitalism is ARE RELIGION! That's not fair! Get your own religion!)

# ? Jan 30, 2023 17:47

Punkin Spunkin: Jan 1, 2010

lol
https://twitter.com/AmericanExpat6/status/1620071798800007176?s=20&t=1xdVnsmO6KM192MJ0SjVSA

# ? Jan 30, 2023 18:47

GlassEye-Boy: Jul 12, 2001

Hong Kongers find out that protest laws in the UK are the same or worse than those in Hong Kong.

https://amp.theguardian.com/world/2023/jan/29/hongkongers-in-uk-ask-suella-braverman-to-ditch-repressive-anti-protest-bill

# ? Jan 30, 2023 19:21

indigi: Jul 20, 2004; ^{how can we not talk about family

when family's all that we got?}

I've only ever heard Lunar New Year unless it was referring to a specific event in Chinatown we'd occasionally go to, but then again my mother's side of the family lived in a neighborhood with large Korean and Vietnamese populations so maybe that had something to do with it

# ? Jan 30, 2023 21:27

mawarannahr: May 21, 2019; Can't post for 23 hours!

China� but at what cost?

quote:

China Is The Wild Card For European Energy Prices Next Winter
Reid Standish

Nearly a month into 2023, Europe�s energy outlook is far more positive than many analysts predicted at the onset of winter.

Unseasonably mild winter temperatures across the continent and a successful pivot by the European Union away from Russian pipeline gas has seen supplies stabilize and prices fall from a previous peak.

Also helping to defy the gloomy predictions of energy shortages and stalled economic growth in the EU were increased imports of liquefied natural gas (LNG) and a new Baltic pipeline from Norway � developments that have allowed the continent to begin to replenish its gas reserves.

But European leaders are already turning their attention to next winter, where they could face a perfect storm of extreme weather, a reopened China with greater energy demands, and more volatile prices for consumers.

�When the Chinese economy picks up, it will not be easy to buy the planned volumes on the world market,� Fatih Birol, the head of the International Energy Agency (IEA), warned in a late January interview with the German magazine Handelsblatt. �No Russian gas, China�s comeback as an importer, little supply growth: these three factors make next winter a challenge.�

A segment of the new Baltic pipeline, which opened in September, in Budno, Poland. (file photo)
A segment of the new Baltic pipeline, which opened in September, in Budno, Poland. (file photo)
China, reopening after years of COVID lockdowns, will be competing for a limited supply of LNG in an already tightening market, analysts forecast, which when coupled with rising global prices for energy -- from oil to coal -- will likely hit consumers hard and contribute to soaring food and services inflation.

This leaves the world�s second-largest economy as a crucial but unpredictable wild card for the next European winter that leaders and officials will be watching closely.

�The situation is more about uncertainty and how hard next winter is to plan for,� Agathe Demarais, global forecasting director for the Economist Intelligence Unit, told RFE/RL. �There is concern about Chinese demand, the weather, and how to refill gas storage in Europe -- all of which can be difficult to predict. But the main concern here is about prices.�

A 'Lucky' Europe

Europe moved quickly following Russia�s February invasion of Ukraine to buy up global supplies of LNG as the EU pledged to cut Russian gas imports. According to the Oxford Institute for Energy Studies, European countries increased LNG imports from 83 billion cubic meters (bcm) in 2021 to 141 bcm in 2022.

In hopes of shielding consumers, governments across Europe have taken up vast energy bill support payments to consumers and businesses -- totaling a whopping $768 billion, according to Bruegel, a think tank focused on European policies.

Consumption within the 27-country bloc has also dropped due to rising prices and a warm winter. Europe has so far used about half as much gas from storage facilities at this point as in the preceding two winters, with forecasts pointing to continued mild temperatures ahead.

Yet, even with replenished storage facilities, concern is still high for next year.

Asian -- not just Chinese -- demand for gas is increasing, and will rise further as China�s economy -- and its consumption of LNG -- returns to its former pace. Timera Energy, a global consultancy, says the gas market is still operating on the edge of supply capacity, meaning sharp price fluctuations and volatility are still in the cards.

'Crunch Time'

As Demarais notes, Europe has been �extremely lucky� so far in terms of weather and has successfully moved to buy up LNG and replace its dependency on Russian gas with pipeline supplies from Algeria and Norway.

But questions around Chinese demand could be a key factor for determining inflation and pricing that could make next winter �crunch time� for Europe, she adds.

As gas prices spiked last year after Moscow cut supplies to Europe following its invasion, the bloc began to import record amounts of LNG that in turn pushed Asian spot LNG prices to historical highs.

This places China in a unique position to impact Europe next winter.

If China recovers relatively quickly from its COVID lockdown economic slump that saw its gross domestic product (GDP) growth slow to 3.3 percent last year, its demand for commodities will quickly pick up.

China is responsible for almost one-fifth of global oil consumption and surpassed Japan in 2021 as the world�s largest importer of LNG. The country also fills more than half of the world�s demand for copper, nickel, and zinc.

If the Chinese economy recovers rapidly, it could put commodity prices under intense upward pressure and keep inflation high in Europe and elsewhere in the West.

The Chinese Wild Card

But analysts also contend that there are many variables related to China that could determine what kind of ripple effects will be felt in Europe.

Alicia Garcia-Herrero, the chief economist for Asia-Pacific at the investment bank Natixis, says China has and will continue to buy energy resources and the country's economy is poised to grow at a far faster rate than in recent years, with Chinese government targets sitting above 5 percent of GDP for 2023.

But she adds that China has managed to secure its energy supplies through discounted deals with countries such as Russia, Malaysia, and Qatar that could lessen the impact that its resurgent energy appetite could have on Europe in 2023.

�There will no doubt be competition, but perhaps less than is being feared, especially for the impact on prices,� Garcia-Herrero told RFE/RL.

China is currently grappling with natural-gas shortages due to a mix of unusually cold temperatures and weak energy regulations and infrastructure, including provincial and municipal officials reducing gas subsidies that used to keep heating bills in check.

In response, Beijing has told local governments to supply heat, but hasn�t provided extra funds to pay for it. This has led to rationing, with many households receiving only enough for cooking needs.

With domestic interests in mind, Garcia-Herrero adds that Beijing will be cautious to avoid pushing up the price for gas, which could have less of an effect on Europe next winter than some are predicting. With COVID infections still spiking across the country, the full reopening of the Chinese economy is also not imminent.

This may give Brussels added time to insulate itself from potentially severe shocks next winter.

�In the long run, Europe may be in a much better position due to all the steps that the EU is taking now to get rid of its dependency on Russia and invest in renewables,� said the Economist Intelligence Unit's Demarais. �But from the short-term perspective, there is lots of concern about the wider impact on inflation and price.�

https://www.rferl.org/a/china-europe-energy-crisis-winter-standish/32246461.html

mawarannahr has issued a correction as of 22:35 on Jan 30, 2023

# ? Jan 30, 2023 22:27

indigi: Jul 20, 2004; ^{how can we not talk about family

when family's all that we got?}

just how depressed was China's LNG importing during covid zero? it seemed like until omicron began hitting big cities hard the lockdowns were small and sporadic, but I don't know enough about it and I�m not looking to take RFE's word for it

# ? Jan 30, 2023 22:32

GlassEye-Boy: Jul 12, 2001

Late 2020 and most of 2021 and 2022 there were virtually no lock downs except for the occasional flareup in some cities.

# ? Jan 30, 2023 23:02

Fat-Lip-Sum-41.mp3: Nov 15, 2003

but in jan 2023 all the chinese died so

# ? Jan 30, 2023 23:04

KirbyKhan: Mar 20, 2009; Soiled Meat

When I was in Korea it was translated to lunar new year to us. But that was at the same briefing where a dude told us about Dokto Island, so I never knew if that was like foreal foreal or if we were just being polite guests.

# ? Jan 30, 2023 23:13

mawarannahr: May 21, 2019; Can't post for 23 hours!

Uncool. Hope they can appeal. https://twitter.com/fbi/status/1620165094821830663

# ? Jan 30, 2023 23:13

genericnick: Dec 26, 2012

GlassEye-Boy posted:

Late 2020 and most of 2021 and 2022 there were virtually no lock downs except for the occasional flareup in some cities.

Yeah, though to be fair the flairups got pretty frequent towards the end of the year. Though there might be some other reason why the worlds leading export country was using less gas. Now let's get a cup of coffee and see how Europe is doing.

# ? Jan 30, 2023 23:20

Zeroisanumber: Oct 23, 2010; Nap Ghost

I understand why DC elites and think tank ghouls don't like the Chinese, but the gently caress if I can understand why the average jerkwad on the street gives a poo poo.

# ? Jan 31, 2023 01:28

GlassEye-Boy: Jul 12, 2001

Zeroisanumber posted:

I understand why DC elites and think tank ghouls don't like the Chinese, but the gently caress if I can understand why the average jerkwad on the street gives a poo poo.

media/propaganda

# ? Jan 31, 2023 01:31

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# ? May 26, 2024 04:20

fart simpson: Jul 2, 2005; DEATH TO AMERICA

Zeroisanumber posted:

I understand why DC elites and think tank ghouls don't like the Chinese, but the gently caress if I can understand why the average jerkwad on the street gives a poo poo.

because they�re taking our jobs and stealing from our economy, which is why things are tight right now

# ? Jan 31, 2023 01:40

The Something Awful Forums > Discussion > C-SPAM > [Asia/Oceania] Yellen says she hopes China wont mount retaliation against any steps Washington takes

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