BRIC+ News & comments

Discussion in 'Business & Economics' started by Billy T, Aug 10, 2008.

  1. Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    China may be thinking the same and making life difficult for Rolls-Royce to get Asian engine division cheaper:
    China often plays "capitalistic hard ball" well.
     
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  3. Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    China seems to have it´s "soft landing" and it "taking off" again.
    I´m not sure but think PPI is inflation of whole sale prices and CPI is same as in the US.
     
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  5. Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    Huawei is world´s largest seller of communication switch networks etc. and winner of many prizes for performance and quality. - See list of 8 major ones here: http://www.sciforums.com/showthread...amp-comments&p=2975490&viewfull=1#post2975490
     
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  7. Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    Just saw on CNN that Air Asia is buying 100 air bus model A320 air planes for 9 billion dollars (at list price, but they will pay less on this big order) as the Asian demand is up 20% YoY. Most US air lines don´t make money and are merging to keep planes in the air.
     
  8. Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    Main surprize is that Canada beat Brazil, which has China as its main trading partner, so also earns Yuan to pay the dim sum bonds, was the first to do this.
    In less than a decade, most governments that trade with China will issue Dim Sum bonds as they will sell at lower interest cost. Buyers then will want high interest to lend dollars (buy US bonds) as the dollar´s value will be rapidly falling, but the Yuan will continue to be growing stronger.

    Just as a point of interest, the first Dim Sum bond were issued by McDonnalds, only a week or two after that was legal. Big Mac got yuan and used them to build stores in China - Very little FX risk as all is in Yuan (sold the bonds to rich Chinese, who were no longer wanting all their investment to be in real estate).
     
  9. Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    Argentina to go bankrupt again, soon, due to government miss-management:
    To get a few desperately needed feathers now, the government is killing the goose that lays the golden eggs. A few years ago, to fight inflation, the government made export of grain crops illegal, thinking then the farmers would be forced to sell cheaper locally, but farmers burned their crops in the field as it did not pay to harvest them with high minimum wages set by government. It is all very sad - US seems to be unable to govern its economy but does better than Argentina.
     
  10. Michael 歌舞伎 Valued Senior Member

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    I just bough a Huawei Honor which had specs similar to Samsung Galaxy S3 only a better battery and less memory. The Huawei was almost exactly 1/3 the price.

    I really don't see these sorts of electronics being made in the USA. Even if the dollar was equivalent, I just don't think I'd trust Made in the USA when it comes to electronics. I'd feel safer being Japanese or if the price is right Chinese. In this case, the price was right and I'm happy with the phone.
     
  11. Michael 歌舞伎 Valued Senior Member

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    While sad, Argentinians know the routine and will probably have been preparing for some time.

    Compare with the USA where if you dare pack away a month of food and water you're labelled a "prepper". I mean, Jesus H Christ, my grandparents always had canned food in the cellar along with medicine and water - and a generator. People now think "the government" is going to take care of them to the point they watch as hurricane after hurricane leaves people homeless and walk around in a daze believing the propaganda when facts otherwise stare them right in the face.

    So, while sad, Argentinians probably know what to do to look after some of their savings and themselves.
     
  12. Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    Just as I noted a while back this anti-comunistic doctrine change is very important part of China´s rapid advances:
     
  13. Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    Looks like I scooped Bloomberg again. This time by more than half a day if you just count recent post 709 or by five months if you count my earlier post 673 and Bloomberg still does not understand how transforming the introduction of large scale agri-corporations is upon the whole Chinese economy as I explained in some detail in post 673.

    Here is their link: http://www.bloomberg.com/news/2012-...ral-reforms-to-boost-incomes-consumption.html
     
  14. Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    * I´m not sure what this "flow & stock" is telling, but think China has increased its holding of ALL foreign assets with the increase of US bonds being slower than for others - hence: "the trend of flow diversification {away from US bonds} started in mid-2010 and has continued ever since."

    It certainly is hard for China to sustain a net decrease (down 85 billion in last 12 months) in holding of US bonds EVERY month in months when US trade deficit with China is hitting all time highs as was the case recently (Both Nov & Dec 2012, I think.)
     
  15. Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    US´s "pivot to Asia" seems well coordinated with Japan. - Not surprising that China feels threatened.
     
  16. elte Valued Senior Member

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  17. Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    Ike warned of the MIC (military industrial complex) which is raking in 3.8 billion for each new "stealth destroyer" planned for service in S. China Sea, but it can be seen by any of the 10,000+ Chinese fishing boats, which report its position to 10 meter accuracy with the Chinese version of GPS!

    The MIC is helping destroy the US dollar, but they don´t care so long as they "earn" ~100 million dollars per month.
     
  18. Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    Perhaps I can open an account in Yuan, one of the world few appreciating currencies, or even a Gold account (credited with x grams of gold) as they exist in the Chinese ICBC and other Chinese banks.
     
  19. Workaholic Registered Senior Member

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    (Taiwan) Local banks to begin RMB trade by Feb. 6 at earliest

    http://www.chinapost.com.tw/taiwan/business/2013/01/31/369117/Local-banks.htm

    IIRC, Taiwanese companies will begin registering exports to China in RMB terms and receiving RMB to store in their Taiwan Bank account. Good news for two countries technically still at war.
     
  20. Workaholic Registered Senior Member

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    This should be old news by now considering it happened in Nov 2012. I am sure BillyT probably posted this somewhere on the forums, however I was not able to find it via the search function, so here it is:

    Post-US world born in Phnom Penh
    http://www.atimes.com/atimes/Global_Economy/NK27Dj02.html

    Apparently, most of the countries in Asia along with Australia have launched the Regional Comprehensive Economic Partnership. It will be a trade agreement among these nations which excludes the USA. Good article with some notable stats (stats may need to be checked for accuracy)

    Asian Summit

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    Chinese Exports to Asia vs USA

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    President Obama meeting foreign leaders to discuss the Trans-Pacific Partnership in Cambodia

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    Last edited: Feb 6, 2013
  21. Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    Thanks. No I have not been a reader of www.atimes.com but will visit site now as this post does have many facts I have posted from other sources. Your link gives a good summary of fact that trading with US and EU is becoming relatively unimportant to China. For years I have been crediting Chinese leadership with understanding that US and EU are broke and can only buy Chinese goods if China lends the money or if they just print the money, decreasing the value of all already existing. - Why China is making such a big effort to grow both non-US/EU trade and its domestic market.

    Typically, I have been posting individual RMB boosting facts, one-by-one, as they occurred and were reported by the likes of Bloomberg etc. Nice to see most of them all pulled together and graphically presented, but this linked article is a little light on how China has displaced the US in Africa and S. America. It is not just that US & EU are of falling importance to Asia (and China in particular) but that Trade with Africa and S. America and currency swap agreement (to avoid dollar use) are rapidly growing much more than off-setting the declining importance of US & EU and the dollar.

    Thanks again. This one link gives more than a dozen of mine, so I recommend it highly to all who want to understand what has ALREADY happened to the US.
     
  22. Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    Brazil:
    On a per capita basis 3.6E6 new car sales is greater than in the US (I think). At least 25 million of those cars can run on eco-friendly, cheaper and renewable alcohol from sugar cane! This repeated 8% annual growth is due in part to many in the lower economic groups moving up into the middle class and buying their first car.
    For 5 more reasons why Brazil has a bright future, see source of this last quote. (And they don´t even mention that Brazil has large fraction of world´s liquid fresh water, abundant oil & other minerals and crop lands, not yet even in production!)
     
    Last edited by a moderator: Feb 23, 2013
  23. Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    Like Brazil, Austrailia (and NZ) will escape the coming depression with at worst a mild recession as "economic colonies"* of Asia, mainly China:

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    Brazil´s story is the same. China, no longer the US, is the main trading partner. For example Brazil now imports more cars (especially Chery models) from China than the USA. As parts have lower import duty, Chery is building an assembly plant in Brazil - more Brazilian jobs. One of the first currency swaps was China/ Brazil so dollar not used for this trade. That´s now true for several dozen countries China trades with, including India, Russia, S.Korea and Japan

    * I.e. suppliers of low value added items (food, raw materials and energy) and buyers of China´s high value added products (cars, electronic items, digital cameras, etc.) - The typical releationship like England had with India, 100+ years ago. etc.

    For the Chinese view about how the RMB can become world reserve currency(and steps still needed) see: http://usa.chinadaily.com.cn/opinion/2012-07/20/content_15605603.htm
    For Billy T´s guess as to how China, when ready, can displace the dollar as THE world´s reserve currency, see post 639 of the BRIC+ News ;Thread.

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    China is worlds largest producer & buyer of gold. When ready, China will back its bonds for central banks with gold & then enjoy paying for its imports with printed paper as US has done for ~70 years.
     
    Last edited by a moderator: Feb 24, 2013

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