Mike Pence 'We rebuilt China over the last 25 years'

[Tiberius]

There are different ways to calculate that, but calling China not having a big market only shows your ignorance. EU is not a country, try Italy next time.

being the 3rd largest market of the world is a big market.

China also is not a country. Try Tibet next time.

The Eu is a single market. On a side note Germany alone has a market almost the size of the chinese one.

 

[Mista]

You must be very bad at history，Check what happened after 1989，not only they sanctioned us ，all other western allies were asked to stop any cooperation with china including funding from IMF，China‘s foreign investment was cut off over 75% after that，if this is not hard sanctions I don't know what can be called hard sanctions

WTO was the watershed

Lee Kuan Yew helped in persuading the US to let China in the WTO btw.

Following the tragic Tiananmen incident in 1989, the West condemned China and imposed economic sanctions against it. Singapore did not join the West but continued to invest in China and help China. When negotiations between China and the US on China's accession to the World Trade Organisation reached an impasse, Mr Lee spoke to two members of President Bill Clinton's Cabinet and helped to break the impasse.

In 1999, relations between the US and China were very tense. China’s negotiations with the US on its entry to the WTO had failed, there were tensions between the US and China over US bombs that had hit the Chinese embassy in Belgrade, and President Lee Teng-hui in Taiwan had pronounced his “two states” concept.

In July 1999, US Secretary of State Madeleine Albright and Chinese Foreign Minister Tang Jiaxuan were in Singapore for the Asean Regional Forum. It was quite tense, and many of our officials believed that there could be a flare-up at the ARF.

Both figures met Mr Lee separately. Mr Lee gave each side his reading of their long-term strategic interests. His advice to the US was that it was not in their interest to be adversarial towards China or regard her as a potential enemy. To China, he suggested that she should tap into the market, technology and capital of the US to develop her economy. They should look forward, and search for areas of cooperation, such as China’s entry into the WTO.

Sitting in these meetings, I was struck by how Mr Lee approached this delicate situation. He did not say one thing to one and sing a different tune to the other. If they had compared notes later, they would have found his underlying position consistent. What made him persuasive was how he addressed the concerns and interests of each side. I could see from the way both reacted that his arguments struck a chord, and one of the guests asked a note-taker to write the notes verbatim for deeper study later on. In 2000, when I was at MTI a few months after this meeting, I was very pleased to witness China’s entry into the World Trade Organisation at the Doha meeting.

 

[q12093487q]

being the 3rd largest market of the world is a big market.

China also is not a country. Try Tibet next time.

The Eu is a single market. On a side note Germany alone has a market almost the size of the chinese one.

Generally speaking . China spend much less in service than in EU and US,but china buy more products.You got it?

 

[haidian]

China also is not a country. Try Tibet next time.

China is not a country? Your idea or it's the stance of Italian government or EU?

 

[AViet]

Wrong.

US is worlds largest market, followed by EU. Sometimes USA leads, sometimes EU.

China is far behind simply because it has magnitudes smalelr income.

https://en.wikipedia.org/wiki/List_of_largest_consumer_markets

The EU market alone is 2.5 times bigger than chinese market.

There are many ways to compare markets. The way you mentioned above is to compare nominal GDP, which cannot reflect the exact market magnitude, especially with the Chinese market, since its currency, the yuan, is greatly undervalued.

For example, in 2017 Chinese consumers bought more vehicles than both the US and EU (nearly equal to both markets combined). Similar with many consumer items or industrial machineries.

 

[Tiberius]

There are many ways to compare markets. The way you mentioned above is to compare nominal GDP, which cannot reflect the exact market magnitude, especially with the Chinese market, since its currency, the yuan, is greatly undervalued.

For example, in 2017 Chinese consumers bought more vehicles than both the US and EU (nearly equal to both markets combined). Similar with many consumer items or industrial machineries.

Please stop to argue like an oriental. In western way of thinking, only hard numbers count. Amount of value a market has

 

[zectech]

Letting China into the WTO was allowed because the globalists were involved in a war on white blue collar workers. They wanted to destroy the family, the zionists held white males as a threat to their zionist agenda, and wanted to crush any cohesion of white workers banding together. With genetic testing, jews find out they are the same as most of the whites they once hated and want to join up with those same whites to create a neo-nazis political system of persecuting minorities. So trump is there with neo-nazis agenda to rally all "white males" (Caucasians and Nordics not wanted) to watch Alex Jones to hate Chinese, Muslims and Globalists.

Most in the Middle East, are peace loving PEOPLE, these types are not wanted by zionists. The Chinese are in the same boat as the people of the Middle East. Unless you are some genocider, who wants to persecute brown skinned people or some other minority, you are not wanted on planet Earth, by the zionists. You are the one targeted for persecution.

The enemy used to be Catholic working men to the CIA. Now the CC is filled with CIA goons. That got taken over.

Will China fall to the CIA and become a puppet of hate, a puppet to pence?

 

[AViet]

Please stop to argue like an oriental. In western way of thinking, only hard numbers count. Amount of value a market has

I know your IQ is relatively low, but you can still find the data by yourselves.

 

[ILC]

Please stop to argue like an oriental. In western way of thinking, only hard numbers count. Amount of value a market has

Yeah, hard numbers counts thats right, and China is number one retail market.

 

[Tiberius]

I know your IQ is relatively low, but you can still find the data by yourselves.

We talk about market, not retail market.

China is 3rd largest market in world, after USA and EU. Thats a simple fact. My IQ is 112 btw.

What you do is oriental behavior. You dont know reason. What you bring up next? That China is biggest rice market?

The fact that USA beats the shit out of China with import tariffs and China is unable to counter in same way shows who has the bigger market.

Yeah, hard numbers counts thats right, and China is number one retail market.

And Nr. 3 market with a market power 2.5 times smaller than the EU market and almost 3.6 times smaller than US market.

 

[Mista]

The way you mentioned above is to compare nominal GDP, which cannot reflect the exact market magnitude, especially with the Chinese market, since its currency, the yuan, is greatly undervalued.

Nope, the RMB is overprinted and its value internationally on the market depends on the USD released in small amounts by the Chinese central bank to maintain the exchange rate. It's actually overvalued.

Red: US m2 supply
Blue: China m2 supply

M2/GDP ratio in order: China, US, Japan, EU.

Frankly speaking, in the past decade, the circulation of China's M2 is almost the highest in the world. Our M2 to GDP ratio is 2.1:1, compared to 0.9:1 in the US. Why did you not feel it when you sent so much money? There are many reasons, but there are two reasons that are most important.

First, the issuance of our base currency is largely achieved by foreign exchange payments. That is, the central bank purchases the US dollar in the hands of the company and the company, and releases the renminbi according to the market exchange rate. In this way, the liquidity is released.

Foreign exchange accounts for more than 80% of the central bank's release of liquidity, and is currently around 60%. In other words, the US dollar reserve is an important credit basis for the issuance of the RMB, which largely ensures the stability of the RMB exchange rate.

Of course, another important reason is the expansion of real estate, which has caused a large part of the liquidity released by the central bank to be trapped by real estate.

Therefore, if the trade war is really going on, the next impact will involve the monetary and financial sector.

http://www.sohu.com/a/238908108_313480

China has been keeping the RMB 'stable' by limiting capital outflows and releasing USD; the USD is the source of credibility for the RMB. It explains why a mere tariff have far wider implications (trillions) on the Chinese stock market and currency in recent months, even if these tariffs actually have limited impact on the real economy. The inflation is all pent up domestically. The CPI doesn't show it because the property market (not inside CPI) has been soaking up the liquidity.

If it's really undervalued with strong fundamentals, they wouldn't need to spend a trillion dollar to defend the currency in 2015-16 and tighten capital controls.

For the year as a whole, China's reserves fell nearly $320 billion to $3.011 trillion, on top of a record drop of $513 billion in 2015.

https://www.cnbc.com/2017/01/06/chi...n-december-to-lowest-since-february-2011.html


Even right now the PBoC is pumping liquidity into the economy to prop up growth while the Fed is tightening monetary policy by hiking rates.

July:

The People’s Bank of China (PBoC) will implement a 50 basic point (bps) reduction in the reserve requirement ratio (RRR) for Chinese commercial banks starting 5 July. The estimated liquidity worth US$100b (RMB 700b) that is set to be released from the move will support the economy and cool down the sharp deceleration in the next quarters, BMI Research noted.

Aug:

BEIJING, Aug. 24 (Xinhua) -- China's central bank on Friday injected 149 billion yuan (21.7 billion U.S. dollars) into the market via medium-term lending facility (MLF) to maintain ample liquidity.

Sept:

China's central bank continued to pump cash into the money market in September to meet demand for liquidity from financial institutions.
A total of 441.5 billion yuan (63.8 billion US dollars) was injected into the market via the medium-term lending facility (MLF) last month to maintain liquidity in the banking system at a reasonable and ample level, according to the People's Bank of China (PBOC). The funds will mature in one year at an interest rate of 3.3 percent.

Oct:

China will cut the amount of cash banks must hold in reserve as part of efforts to support its economy, amid an escalating trade war with the US.
The move will see 750bn yuan ($109bn; £83bn) in cash injected into the financial system.
The US is fighting a trade war with China which threatens the outlook for Chinese manufacturing and exports.
It is the fourth time the country's central bank has cut its reserve requirement this year.
China's central bank said it would cut reserve requirement ratios by 100 basis points from 15 October. These are currently 15.5% for large commercial lenders and 13.5% for smaller banks.
Cutting reserve requirements frees up money for banks to lend to each other and consumers.

 

[q12093487q]

The fact that USA beats the shit out of China with import tariffs and China is unable to counter in same way shows who has the bigger market.




And Nr. 3 market with a market power 2.5 times smaller than the EU market and almost 3.6 times smaller than US market.

Funny logic，what does this tariffs issues has anything to do with china‘s domestic market？Even if china‘s domestic market was ten times bigger or hundreds of times bigger than US market，as long as their imports from china more than their exports to china，china can't counter back the same amount of tariffs as well .

And Singapore imports more from China than exports to China，which means if Singapore put tarriffs on all goods imports from china ，China coundn't counter back the same amount of tariffs to Singapore either，does that mean Singapore has bigger market than china？

No matter how big our market is,Domestic market is seperated from international trading market，,this is a simple fact


BTW enjoy your so called NO‘1 or NO‘2 market’’ .As long as companies around the world sell more products in china than any market in the world.they will take chinese market more seriously.and those companies will not give a shit about your so called "rankings"

 

[pzkilo]

Hey, guys. why u wasting with a retard..... Sorry to be rude but I really cant help myself. someone is so brainless.

 

[Brainsucker]

Nope, the RMB is overprinted and its value internationally on the market depends on the USD released in small amounts by the Chinese central bank to maintain the exchange rate. It's actually overvalued.

Red: US m2 supply
Blue: China m2 supply

M2/GDP ratio in order: China, US, Japan, EU.



http://www.sohu.com/a/238908108_313480

China has been keeping the RMB 'stable' by limiting capital outflows and releasing USD; the USD is the source of credibility for the RMB. It explains why a mere tariff have far wider implications (trillions) on the Chinese stock market and currency in recent months, even if these tariffs actually have limited impact on the real economy. The inflation is all pent up domestically. The CPI doesn't show it because the property market (not inside CPI) has been soaking up the liquidity.

If it's really undervalued with strong fundamentals, they wouldn't need to spend a trillion dollar to defend the currency in 2015-16 and tighten capital controls.



https://www.cnbc.com/2017/01/06/chi...n-december-to-lowest-since-february-2011.html


Even right now the PBoC is pumping liquidity into the economy to prop up growth while the Fed is tightening monetary policy by hiking rates.

July:

Aug:

Sept:

Oct:

If it is really over value, then China will be gladly to correct it, aren't they? As they have already have devaluate yuan several time. Specially when they face Trump tariff right now. They even just devaluate their RMB this year.

 

[Tiberius]

Funny logic，what does this tariffs issues has anything to do with china‘s domestic market？Even if china‘s domestic market was ten times bigger or hundreds of times bigger than US market，as long as their imports from china more than their exports to china，china can't counter back the same amount of tariffs as well .

And Singapore imports more from China than exports to China，which means if Singapore put tarriffs on all goods imports from china ，China coundn't counter back the same amount of tariffs to Singapore either，does that mean Singapore has bigger market than china？

No matter how big our market is,Domestic market is seperated from international trading market，,this is a simple fact


BTW enjoy your so called NO‘1 or NO‘2 market’’ .As long as companies around the world sell more products in china than any market in the world.they will take chinese market more seriously.and those companies will not give a shit about your so called "rankings"

So whats your problem then? All are happy.