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Les chinois, camaraderie et capitalisme

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Adrian

Adrian

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Posted

 

China is officially the biggest air polluter in the world and the sole ruler of our list of 8 countries that produce the most acid rain in the world. Thanks to the rapid industrialization, China is also the biggest iron and steel producer in the world and the number one country when it comes to coal consumption. According to the reports dating from 2011, 258 of China’s towns are affected by acid rains. The government is showing a lack of care and is still to take effective measures in reducing this huge problem. China doesn’t just produce acid rains on its own territory, but all across Asia; its reckless air pollution could not just have terrible consequences on the water and vegetation there, but also in the neighboring countries and further.

http://www.insidermonkey.com/blog/8-countries-that-produce-the-most-acid-rain-in-the-world-471096/

 

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Sanson

Sanson

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http://www.lemonde.fr/climat/article/2016/11/28/la-chine-prete-a-investir-460-milliards-d-euros-dans-des-centrales-a-charbon-qu-elle-n-utilisera-pas_5039240_1652612.html

 

 

 

Cette surcapacité s’explique par le désir des gouvernements locaux de maintenir l’emploi, même si de grands groupes miniers survivent en grande partie grâce au soutien financier de l’Etat.
 

 

J'avoue, je critiquerai plus jamais la politique économique française.

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Tramp

Tramp

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Où l'on apprend que le marxisme n'est pas une idéologie occidentale :

Le Monde.fr - Le président chinois veut (encore) plus de Marx à l’université

Le président chinois, Xi Jinping, a exhorté le Parti communiste à renforcer son influence idéologique sur les étudiants, rapporte l’agence de presse Chine nouvelle.

http://www.lemonde.fr/campus/article/2016/12/12/le-president-chinois-veut-encore-plus-de-marx-a-l-universite_5047641_4401467.html

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Stephdumas

Stephdumas

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"Pékin, on a un problème". http://www.zerohedge.com/news/2016-12-16/china-suffers-failed-bill-auction

 

One day after China's regulator halted trading in bond futures for the first time ever, Beijing suffered another catalytic bond-market event overnight when it failed to sell all the Treasury Bills on auction Friday, for the first time in almost 18 months, as bids fell short of minimum requirements, according to traders required to bid at the auction.

As BBG reported overnight, the Ministry of Finance sold only 9.57 billion yuan ($1.38 billion) of 182-day bills in a planned 10 billion yuan sale, and 10.85 billion yuan of 91-day notes in a planned 12 billion yuan sale, according to a statement from the bond clearing house. What is notable, is that the Bills on offer paid a hefty yield: the 182-day bills sold for 2.9565%, while the 91-day bills sold for 2.8991%.

In other words mainland bond traders are concerned that short-term China rates could spike substantially in the next 3-6 months.

 

 

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Hugh

Hugh

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http://www.bbc.com/news/business-38497997

 

"China has launched a direct rail freight service to London, as part of its drive to develop trade and investment ties with Europe"

 

 

The train will take about two weeks to cover the 12,000 mile journey and is carrying a cargo of clothes, bags and other household items.

It has the advantage of being cheaper than air freight and faster than sea.

London will become the 15th European city to join what the Chinese government calls the New Silk Route.

The service will pass through Kazakhstan, Russia, Belarus, Poland, Germany Belgium and France before arriving at Barking Rail Freight Terminal in East London, which is directly connected to the High Speed 1 rail line to the European mainland.

 

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FabriceM

FabriceM

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2017011_china_0.jpg

The so-called Exorbitant Privilege of the United States, the power to conjure the world’s primary reserve currency, is reflected in the unique combination of being deeply in debt to the rest of the world (that is, having a massive negative net international investment position, or NIIP) while earning far more income abroad than it pays out in interest (that is, having massive positive annual net investment income, or NII).  The U.S. NIIP averaged negative $7.5 trillion over FY15/16, while its NII was positive $167 billion, as shown in the top left of the graphic below.  Basically, foreigners are willing to accept a trivial return to hold dollar-denominated assets.

Far less well known is the mirror-image of the Exorbitant Privilege, or what we might call the Exorbitant Detriment.

It is, not surprisingly, borne by China. It is, to some extent, the price the country bears as the world’s largest holder of dollar-denominated central bank reserves. Reserves account for half of China’s foreign assets, of which around 40 percent are invested in low-yielding U.S. Treasury securities. But it also reflects the fact that China is lending to the rest of the world at paltry rates. Chinese government institutions lend to Chinese, as well as foreign, firms operating abroad far more cheaply than alternative lenders [6]. This reflects the Chinese government’s efforts both to subsidize its companies and to strengthen economic ties with resource-rich countries in, for example, Africa and Latin America. China’s Exorbitant Detriment is reflected in an NIIP of $1.6 trillion and NII of negative $80 billion in FY15/16.

Can China continue supporting its Exorbitant Detriment indefinitely?

Not if it wants to prioritize a halt to reserve sales, which have been necessitated by capital outflows. Negative investment income reduces the current account surplus, and therefore the amount of capital that can leave the country before the central bank has to match outflows with reserve sales. If China’s investment income balance had been zero over FY15/16 it would, all else being equal, have been able to absorb an additional $80 billion of capital outflows before having to sell reserves. This is equivalent to 17 percent of the actual decline in reserves over this period. China’s reserves fell to $3 trillion in December and, as we pointed out in an earlier post [7], could actually fall to what the IMF reserve-analysis rubric would deem dangerously low levels by summer if outflows continue at the pace seen over the last three months. China can slow this decline by demanding higher returns on its lending abroad, but this will require sacrificing its efforts to subsidize its companies as well as those aimed at putting dollars to the service of geostrategic objectives.

China’s Exorbitant Detriment, Mirror Image of America’s Exorbitant Privilege, Is Costing It Dearly

 

Le graph est très intéressant, bien au delà du seul cas de la Chine.

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RaHaN

RaHaN

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http://www.rfi.fr/asie-pacifique/20170421-chine-guo-wengui-milliardaire-fait-trembler-cadres-pcc-etats-unis-interpol

 

Citation

Depuis que Meng Hongwei, le numéro 2 de la sécurité publique en Chine a été nommé à la tête d'Interpol, de nombreuses ONG et associations des droits de l'homme remettent en cause l'indépendance de l'organisation vis-à-vis du pouvoir chinois.

 

 

voir ici aussi :https://www.letemps.ch/monde/2017/04/21/lhomme-daffaires-affole-chine

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FabriceM

FabriceM

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Et encore une couche de répression des minorités en chine ...

http://www.liberation.fr/planete/2017/04/26/au-xinjiang-saddam-et-mohamed-ne-sont-plus-en-odeur-de-saintete_1565517

Citation

C’est la dernière mesure kafkaïenne qui nous parvient du Xinjiang, cette province semi-désertique de l’ouest de la Chine, majoritairement musulmane, sous la forme d’une liste de 29 «prénoms de minorité ethnique interdits» diffusée aux bureaux d’état civil. Selon cette circulaire délivrée par les autorités locales, et rendue publique par le Congrès mondial ouïghour, organisation pacifiste basée en Allemagne, les bébés baptisés «Jihad», «Coran» mais aussi «Saddam», «Mohamed» ou «Arafat» ne se verront pas délivrer de «hukou», ce certificat d’enregistrement qui permet d’accéder à l’éducation ou aux services de santé chinois.
Depuis le début de l’année, sous couvert de lutte contre le terrorisme islamique, un phénomène inquiétant mais très marginal, c’est une avalanche d’interdictions et d’humiliations qui tombent sur la tête des 20 millions d’habitants de la province. La moitié d’entre eux sont d’ethnie ouïghoure, peuple d’Asie centrale traditionnellement musulman

 

Il y a deux semaines, un article du Global Times un média officiel du Parti communiste chinois, se faisait l’écho de la «rétrogradation d’un membre du Parti pour timidité dans sa lutte contre l’extrémisme religieux». Le crime de Jelil Matniyaz, chef d’une section villageoise du PCC ? «N’avoir pas osé fumer en présence de personnalités religieuses, alors que comme cadre du PCC, il devrait conduire la lutte contre les pensées extrémistes.» Une de ses consœurs, Salamet Memetimin, a, elle, été démise de son poste pour avoir organisé sa cérémonie de mariage chez elle et «non dans un bâtiment officiel».
Désormais, les citoyens du Xinjiang peuvent se faire arrêter car ils portent une «barbe anormale», ont écrit le mot «halal» sur leur devanture,ou«refusé de suivre les programmes officiels de radio et de télévision» – sachant que beaucoup d’Ouïghours ne comprennent même pas le mandarin. Une manière de réprimer toute revendication d’indépendance, même pacifique, et d’accélérer l’assimilation forcée de la population.

 

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Jukebox

Jukebox

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Posted

La Chine a, il y a quelques mois, lancé un projet : China Manufacturing 2025, qui consiste à mettre à jour l'industrie chinoise en améliorant notamment le transfert des hautes technologies des entreprises européennes vers les entreprises chinoises. En retour, les européens bénéficieraient d'un accès accru au marché. 

On peut également voir l'hypocrisie chinoise habituelle : ils disent que ça libérera l'économie alors qu'en réalité, l'Etat continuera à la diriger. 

 

http://www.europeanchamber.com.cn/en/china-manufacturing-2025 (un pdf de la chambre de commerce de l'UE en Chine sur ce projet, plutôt intéressant). 

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Jukebox

Jukebox

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http://bilaterals.org/?china-open-to-free-trade-agreement

 

La Chine et le Mexique pourraient commencer des négociations pour un accord de libre-échange. Trump avait notamment affirmé il y a quelques jours que des actions commerciales contre la Chine pourraient être prises car il considère qu'ils ne font pas grand chose sur le sujet nord-coréen. 

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Stephdumas

Stephdumas

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Kyle Bass, un analyste économique et politique, parle de changement tectonique sur la relation USA-Chine. 

http://www.zerohedge.com/news/2017-06-30/china-faces-its-comeuppance-kyle-bass-warns-tectonic-shift-us-relationship

 

Citation

 

Bass began by highlighting what he calls a "tectonic shift" in US-China relations in the last few days, pointing to two crucial events...

1. Things changed drastically when US launched unilateral sanctions on China over North Korea...

 
 

"Xi is a control freak and he absolutely doesn't appreciate the United States acting unilaterally"

2. Things escalated when Trump sold $1.4bn in weapons to Taiwan, angering Beijing more as Bass notes:

 
 

"Taiwan was the one area which Beijing has asked Trump to stay away from during his meeting at Mar-a-Lago."

 

"Since the death of Otto Warmbier, any chance of meetings with North Korea are now off.. and our diplomatic relationship with China took a major step for the worse yesterday."

Bass notes that "China is trying to make marginal changes in its balance of trade with US - buying beef once again and importing a lot more crude oil from the US."

But then Bass shifts to the potentially even more precarious situation under the hood of China's economy. As Reuters reports, China's leaders want the restructuring of their massive non-performing loans problem to address financial risks while avoiding big employee lay-offs, and have instigated 'cure by committee'...

 

 

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