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Thursday, December 24, 2020

China is “Sick Man of Asia” no more

finance-twitter:

Five Eyes Alliance Plans To Teach China A Lesson With Economic Sanctions – But It’s Easier Said Than Done

Last month, China stunningly disqualified four pro-democracy Hong Kong lawmakers from its legislature for not being patriotic enough. Apparently, Beijing passed a resolution allowing the city’s government to bypass the courts and dismiss any politicians deemed a threat to national security. In response, all of the Hong Kong’s opposition lawmakers announced their resignation.

Effectively, for the first time since Hong Kong was handed back to China from the United Kingdom in 1997, the island’s Parliament has virtually no opposition. Beijing, of course, has rubbished accusations that the dismissal of the lawmakers was another attempt to restrict Hong Kong’s freedom. Unimpressed, the Five Eyes have demanded the reinstatement of the MPs.

Five Eyes, an intelligence alliance comprising Australia, Canada, New Zealand, United Kingdom and the United States, said in a joint statement that the unilateral Chinese decision was a “clear breach” of a Sino-British pact that guaranteed Hong Kong a high degree of autonomy, rights and freedoms for at least 50 years after the UK returned the city to Chinese rule in 1997.



However, the co-ordinated Five Eyes statement accusing China of carrying out a “concerted campaign to silence all critical voices” was seen as a challenge to Beijing’s authority and a deliberate diplomatic attempt to interfere in the internal affairs of China. The Chinese government retaliated – threatening to “poke the eyes” of the Five Eyes alliance.

Chinese foreign ministry spokesman Zhao Lijian said China would not be intimidated – “The Chinese never stir trouble, but they aren’t afraid of trouble either. No matter how many eyes they have, five or 10 or whatever, should anyone dare to undermine China’s sovereignty, security and development interests, be careful not to get poked in the eye.”

Now, the same Five Eyes reportedly planning to join forces in an effort to teach China a lesson – imposing economic sanctions against the dragon. The plan was hatched after Beijing added Australian coal to a growing list of sanctions imposed on Aussie products. The Chinese latest act of punishing the Aussie was seen as a sign that the trade dispute would not end any time soon.



Canberra has demanded Beijing to clarify a recent report that China’s top economic planner had granted approval to power plants to import coal without clearance restrictions from any countries, except for Australia. Prime Minister Scott Morrison was terribly upset as it would affect the country’s coal industry, where China was its biggest customer.

Australia is the world’s top exporter of coal. Together with New Zealand, the Oceania exports US$44.4 billion worth of coal – a staggering 37.5% of global sales. Last year (2019), Australia exported coal worth almost A$14 billion to China – the third biggest export from the land Down Under. But in November this year, at least 60 bulk carriers holding Australian coal stranded off the coast in China.

Wang Yongzhong, director of the Institute of Energy Economy at the Chinese Academy of Social Sciences, said – “China’s major coal import source countries used to be Australia, Indonesia, Russia and Mongolia. Since Mongolia has a geographic advantage that allows lower transportation costs than any other exporters, it could take a large share from Australian coal.”



At the same time, China is Australia’s biggest trading partner – about one-third of “the land Down Under” total exports go to the Chinese, contributing A$135 billion annually and providing thousands of jobs. With very few options, Canberra has complained to its allies in Five Eyes – Beijing’s trade boycott was an act of bullying at worst, and breaching WTO rules at best.

Australian Strategic Policy Institute’s International Cyber Policy Institute director Fergus Hanson recently authored a report calling for a retaliatory response from the Five Eyes. He argued that China’s trade sanctions are similar to NATO’s Article 5, which says that an attack on one member of NATO is an attack on all of its members. Hence, the Five Eyes should hit back against China.

In essence, the grand plan is to get all the five nations of the Five Eyes impose sanctions on Chinese goods, products and services. Alternatively, Australia would respond with retaliatory tariffs on Chinese products, and the four allies would show their support by refusing to make up the shortfall in Chinese exports. But the plot to avenge for Australia seems easier said than done.



As a start, despite 3 years of trade war started by the mighty United States against China, President Donald Trump has failed to bring President Xi Jinping to his knees. The stubborn dragon is still standing, alive and kicking. What are the chances that the Five Eyes would succeed when the U.S. could not even deliver any serious damage to the Chinese economy after all these years?

The combined Australia, New Zealand, United Kingdom and Canada represent about 6% of China’s US$2.499 trillion worth of export goods globally in 2019. Heck, besides the U.S. (top export partner – US$418.6 billion or 16.8%) and U.K. (9th spot – US$62.3 billion or 2.5%), neither New Zealand nor Australia or Canada are in the top-10 of China’s top trading partners in terms of export sales.

Australia should think twice whether its allies in the Five Eyes are genuine friends who would really help when it comes to matter concerning economy. For example, when its so-called ally Canada learned that dozens of shipments of Australian coal were stranded at Chinese ports, the first thing Canada’s Teck Resources did was to boost shipments of coal to China.



According to Reuters, Teck Resources Chief Executive Donald Lindsay announced that the Canadian company would take advantage of sanctions on Australian imports by boosting shipments of steelmaking coal to China next year after it has increased its coal sales to the Chinese for Q4-2020. With friends like Canada, does Australia need enemies like China?

Likewise, as part of its punishment against the Aussie farmers, the Chinese has started buying American wheat instead of Australian wheat, scheduled for delivery in the first quarter next year. This is the same game back in January, when China purchased Australian, Canadian and French wheat as part of its retaliation against the American farmers during the China-U.S. trade war.

Do you think President-elect Joe Biden would be crazy to go for a bigger trade war than outgoing President Donald Trump, and in the process continues to hurt American farmers, just to show its support for Australia, the United States’ “deputy sheriff” in the Asia-Pacific region? As the world’s biggest wheat producer itself, China can still import from Russia or even India.



When the US-China trade war first started, many economists had believed that China would eventually lose. The conventional wisdom, as trumpeted by Trump, was that because China exports more to the U.S., a trade war can be easily won by slapping the Chinese with taxes or tariffs. The U.S. imported US$539.5 billion from China in 2018, but shipped only US$120.3 billion in goods to the country. Hence, the US$419.2 trade deficit.

However, a research report published by consultancy McKinsey and Company in 2019 showed that the Chinese economy isn’t as fragile as Trump, or other so-called economists or analysts, thought. The relationship between China and the world is changing – incredibly fast. The world has become more economically exposed to China, while China’s to the world has fallen.

In other words, the world economy needs China more than China needs the global economy. The 168-pages report produced by the McKinsey Global Institute’s (MGI) titled “China and the world: Inside the dynamics of a changing relationship” reveal that in 2018, China accounted for 16% of world GDP (gross domestic product).



More importantly, domestic consumption contributed more than 60% of China’s growth during 11 out of 16 quarters – from January 2015 to December 2018. In fact, McKinsey said in 2017 and 2018, about 76% of China GDP growth actually came from domestic consumption (Chinese consumers), while net trade made a negative contribution to GDP growth.

China’s net trade surplus in 2008 amounted to 8% of the nation’s GDP. But 10 years later in 2018, that figure plunged to just 1.3% – indicating the Chinese have been quietly building a more robust and diversified domestic economy. The study also found that China exported just 9% of its output in 2017 – down from 17% in 2007, proof that the nation has become more self-reliant and less exposed to the rest of the world.

In contrast, the rest of the world has become more dependent on China, so much so that China accounts for 35% of global manufacturing output. That explained why more than 600 American companies signed a letter, urging – even warned – President Trump to resolve the trade dispute with China, leading to a truce at G20 Summit in 28-29 June 2019 in Osaka, Japan.



Perhaps the Great Britain thought they could easily defeat China, the same way Opium Wars were fought from 1839 to 1860. Perhaps the Five Eyes thought they could easily invade China economically, the same way the Eight-Nation Alliance (Germany, Japan, Russia, Britain, France, Italy, Austria-Hungary and the United States) invaded North China in 1900.

However, even the Five Eyes may not be sufficient to fight China. Michael Green, a former special assistant to former U.S. president George W Bush, said the international response needed to be broader than the Five Eyes and should include NATO and the European Union. He told ABC radio – “China’s market is so huge it’s unlikely the rest of us will have, in a democratic society, the ability to completely boycott it”.

But history clearly shows despite various invasions by foreign forces, including the losses of 14 million people during the full-scale war between the Chinese and the Empire of Japan in World War II (1942-45), China still exists today – only richer and more powerful. The Five Eyes should remember today’s China is no longer the nation once mocked and laughed as the “Sick Man of Asia”.


39 comments:

  1. ccp is now a sick bully of asia.

    ReplyDelete
    Replies
    1. Yaloh!

      Strumming off the mist of fart created by forged tongue katak.

      Delete
  2. Why Bully so smart can build smartphone and send rocket to moon still have to korek korek korek lubang to cari arang for electricity? Like Kedah only know how to carigali and jual ayer?

    What happened to the super-duper Three Gorges Dam that was supposed to solve Bully's power shortage and annual flood problem? The water flows from Tibet but does Bully pay Tibet like what Penang now have to pay Kedah? Or does the electricity from Three Gorges follow the Bully Tipu Rampas methodology....?

    ReplyDelete
    Replies
    1. Why?

      Bcoz of blurred mfer who knows nuts about energy requirements & productions to spread katak-ised lies.

      Bcoz of meme-ed CCP China hatred!

      Bcoz of know-nothing 'Bully Tipu Rampas methodology' rants!

      Delete
  3. CCP is now morphed into the Big Bully of Asia

    ReplyDelete
  4. The difference between the peoples of China and the Five Eyes is that Xi does not have to face internal dissent if things become uncomfortable like suffering the shortage of energy due to the halt of coal shipments from Australia.

    China is willing to sacrifice its people, but the same cannot be said of the Five Eyes.

    On top of that, each country will look out for its own citizens and will not sacrifice for the sake of a "united" front against China.

    ReplyDelete
    Replies
    1. yeah u know well how authoritarian regime work. sacrifice its people is like sacrifice katak.

      Delete
    2. Another know-nothing katak cloaking about its f*cked understandings of China nationalism!

      "suffering the shortage of energy due to the halt of coal shipments from Australia."

      Wow!!!

      Do u know that China has more coal reserves underground than Oz?

      The coal import from Oz is to facilitate trade balances & environmental management!

      "China is willing to sacrifice its people, but the same cannot be said of the Five Eyes"

      Wow!!!

      Mfer, judging from the current sopo-economical mess happened across yr beloved Five Eyes, can u tell who r willingly sacrifice its people?

      Delete
  5. "If you want to measure a civilization's humanity, just give them power"

    Soldiers from the Five Eyes fought and liberated 5,000 year old Bully in WW2. Americans, British, Australians, Kiwis, Canadians led the charge, assisted by Asians like Indians, Malayans etc defeat the Yapanese. But today Bully is ungrateful and want to beat them all up. Want to Tipu and Rampas everything, land, seas, trade etc....

    ReplyDelete
    Replies
    1. each and every country fought for herself, her own interests - if the situation was convenient for two or more countries to be allies, the benefit-interests were mutual

      Delete
    2. "Soldiers from the Five Eyes fought and liberated 5,000 year old Bully in WW2"

      Wow!!!

      Another katak-ised fart coming out from that posterior orifice of yrs!

      "Tipu and Rampas everything, land, seas, trade etc...."

      Mfer, keeps to yr rants under the fart filled well. There r chorus there!

      Delete
  6. Really Sick, Man......

    5,000 years of “civilization” but Nambar 1 executioner, more than 1,000 per year.

    https://www.statista.com/chart/8921/countries-with-most-executions-worldwide-2016/

    ReplyDelete
    Replies
    1. Wow!!!

      Sophism of the nth order to make Gorgias turns in his tomb!

      Delete
  7. Pre WW2, Bullyland was nothing more than a hodgepodge of fiefdoms populated by hundreds of millions of donkey whippers and turnip pullers.

    Communist Party leaders need to thank Five Eyes Alliance, who liberated the country from the Yaps and allowing the formation of Bullyland in 1949.

    ReplyDelete
    Replies
    1. Blurred mfer, u better go on a training class in that f*cked Formosa to further improved yr WWII China history lah!

      Soon, that big mouthed MacArthur would be yr liberator of China from the Jap!

      Delete
    2. Remember the American Flying Tigers, defending Bullyland skies during WW2.

      https://en.m.wikipedia.org/wiki/American_Volunteer_Group

      Delete
    3. Yes, the American Flying Tiger helped to provide some sense of sky protection for China.

      But how many of them were Yanky pilots? How many but trainers staying safely at the rear guard?

      Compared with the numbers of yanky warplanes in western Europe what did that tell?

      Yr uncle Sam was showing biasness in exercising her presumed world dominant role. Defending China's sky was just a token gesture!

      Delete
  8. Hehehe...word is the surging premium from iron ore for Australia almost completely balances the coal blocked.
    China complained to Australian iron ore exporters about surging prices, but reply they got was a cool "Hey , it's just market price we are charging you. It would be improper for Australia to interfere with the market pricing ".....hehehe..

    ReplyDelete
    Replies
    1. Hehehehe….

      Cartel in snake pit to grob for shorten immediate gains!

      Soon… the table would be turned!

      But how do old moneyed mfer knows. It is just following that same capitalistic tune!

      Delete
  9. When US was still basking in the success and glory of their leading advancement in 3G & 4G technologies, they were practically floating in dreams for the next 10 years, dreaming that the world would wait for them to slowly commence their next level of advancement, i.e. 5G technologies. Meanwhile Huawei has been quietly working hard in the field of 5G that they sped so far ahead leaving the world awake in the dust just now.

    And then entered Donald Trump who was advised of the situation and came to the conclusion that US has to stop China dead in the track. And the rest is history, all the unfounded allegations to this day and dirty tricks for the sake of stopping China advancement. Thus, the showdown of the Trade War between US and China as well as the thuggery sanctions of China ZTE and Huawei where DT thought he would win hand down in a jiffy. Unfortunately for DT it must be great shock to him that China is no longer the same as in 1900 when the western nations just trooped into China almost dividedly colonised China and robbed China blind. When the time dragged on with no victory in sight DT tries the desperate thuggery move to repeat the Alstom story (https://www.amazon.com/American-Trap-Americas-economic-against/dp/1529326869) and so you have Canada at the request of the US, illegally detained the CFO of Huawei, Ms Sabrina Meng till this day. At the same time, since 2017, US instructed and demanded its allies to ban Huawei from participating the development of 5G infrastructure in their respective countries.

    To cut the story short, it is a twisted logic that while it’s all right and legit for so many so called developed “matured” nations of the world to ganged up to “ban” China from this and that and yet China is termed a bully for not buying products from Australia. The Chinese (including all those who wrote here) must be retarded if after such insulting and rotten treatment received from the Oz, still want to pay their hard earned dollars to buy products from the Oz to enrich the Oz.

    As a wild speculation, wakakakaka ........, I even think it was DT who in his panic and shame, after boasting so much in front of his country, wanting to be re-elected, “nobody can beat China as easily like I do”, released the COVID-19 in Wuhan, never imagine such catastrophe did not stay confine to and broke China as calculated by him, but end up biting the US of A and the rest of the world with many collaterals, as surely as how karma works. Wakakaka ………………

    ReplyDelete
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    1. Why does my Toyota need to talk to my rice cooker? 5G is just plain unnecessary. I can cook my own rice and drive my own car thank you.

      5G was created by the telcos to continue the perpetuation of their business model like the obsolescence of smartphones every few years.

      And as we spend hundreds of billions building 5G infrastructure the telcos are already hard at work developing 6G that will make 5G obsolete in 5 years time. Don’t fall into their trap.

      Long Live 4G.

      Delete
    2. Wakakakakakaka…

      Know-nothing chanting about its know nothing under the fart filled well!

      Delete
    3. I haven't seen a single real-life game-changing 5G application.

      Delete
    4. That's only because we live in Bolehland while everybody is progressing we are always behind time and regressing. Do a little work go google you will find. On the other hand why do you think US of A take so much effort as to use a nation's force (US government) to try to stop the progress of a company which US deemed it as a proxy of China.

      Delete
    5. Dumb & Dumber...your woeful lack of knowledge and shameful ignorance of great technical advance...OMG...." 5G is just plain unnecessary" ! and this old man's " I haven't seen a single real-life game-changing 5G application"...talk about bodoh-nak-mampus and yet so arrogant beyond belief !

      5G is an entirely new kind of network designed to connect virtually everyone and everything together, be it smart devices, vehicles, even industrial machinery.

      The jump from 3G to 4G networks was huge, to say the least – but 4G to 5G is a real game change and is almost difficult to comprehend. ( That's why the Bahalols here cannot understand what's it's all about, hehe)

      5G will coincide with existing 4G networks until coverage is expanded significantly, but it will eventually evolve into a standalone network that operates independently.

      All these Bahalol dogs are barking out their stupidity here simply because their White Masters are not the ones now leading in 5G, China is. That's the crux of their unhappiness and spite here, hehe

      Eat your heart out, LOL, padan muka


      Delete
    6. 5G infrastructure will be orders of magnitude more than for 4G. Towers everywhere, ideal for spying....ha ha ha....

      QUOTE
      How far can a 5g tower reach?
      5G wavelengths have a range of about 1,000 feet, not even 2% of 4G's range. So to ensure a reliable 5G signal, there needs to be a lot of 5G cell towers and antennas everywhere. We're talking on every lamppost, traffic light, etc. because even trees can block 5G signals.
      UNQUOTE

      Delete
    7. Would you trust 5G to drive your car while you were a passenger? If a tree or lamp-post block the signal.....crash...ha ha ha...bye bye...

      Delete
    8. download one hour japs porn 15 second.

      Delete
    9. Spying - this one has been proven stale and not true, it's coming to 3 years now. The real reason is "kia-su" lah

      Delete
    10. passenger choose driver, zombie cant.

      Delete
    11. Wakakakakakaka…

      犬养mfer, still craving for yr Jap porns that took u 20min to download per episode?

      Driver can be human or autonomous. Katak need human driver. Human can enjoy autonomous driven car!

      F*cked jealousy won't get u up that fart filled well lah.

      Autonomous driving car from US vis-a-vis from China is that best example of 5G tech that katak, dwelled under a fart filled well, couldn't understand.

      Next time, get yr uncle Sam to try yr f*cked katak luck to sit in any
      GM Motors, Tesla, Wayo and Yandex autonomous car driving along the crowded city roads. U would be f*cking lucky if u r still alive if that spurious 4G-imitated 5G network can response QUICK enough to safeguard any head-on collision.

      BTW, none of these US companies have level5 workable autonomous car systems due to their spurious US 5G network!

      Oooop… better stay f*ck under that well & watch yr Jap porns.

      Delete
  10. Bully has laid a trap in 5G, TIPU, ha ha ha while the world rushes into 5G they are already developing 6G. Then they will Rampas all the market share for 6G.

    QUOTE
    China Telecom and ZTE are already working on 6G technology

    6G is still a vague term without any standards to define it, but two Chinese companies are working together to change that

    Masha Borak
    18 May, 2020

    Although most of the world still lacks 5G coverage, one of China’s three state-owned telecommunications companies is already working on the next generation of mobile communication. China Telecom signed a strategic cooperation agreement with telecom equipment maker ZTE on Sunday to research 6G technologies.
    UNQUOTE

    ReplyDelete
    Replies
    1. Wakakakakaka…

      Who said something about

      Don't expect to build up the weak by pulling down the strong.

      !???

      Let the katak dwell under their fart filled about & cloak for the world by looking at that corona of light above that well!

      Delete
  11. All these banana-cinakoois here are like so many annoying gnats swarming around with the same old same old sound bites all directly fostered by the echo chamber of the Western propaganda....more fool them, so completely oblivious of being incubated within the Great Propaganda Machine.

    “The CIA owns everyone of any significance in the major media.” — former CIA Director William Colby

    Excerpt of this article : " Our Exclusive Interview with German Editor Turned CIA Whistleblower

    Fascinating details emerge. Leading US-funded think-tanks and German secret service are accessories. Attempted suppression by legal threats. Blackout in German media.

    Some highlights from the interview:

    “I ended up publishing articles under my own name written by agents of the CIA and other intelligence services, especially the German secret service.”

    “Bought journalists”, who are they?

    “We’re talking about puppets on a string, journalists who write or say whatever their masters tell them to say or write. If you see how the mainstream media is reporting about the Ukraine conflict and if you know what’s really going on, you get the picture. The masters in the background are pushing for war with Russia and western journalists are putting on their helmets.”

    Read the full article here :

    https://www.paulcraigroberts.org/2014/10/16/cia-owns-everyone-significance-major-media/





    ReplyDelete
  12. Bullyland now facing severe power shortage, coal strategy backfired, ha ha ha....serves them right, winter-time too....soon they will have to allow the 50 Australian coal ships to unload, shame shame....

    QUOTE
    China Suffers Widespread Blackouts Amid Coal Supply Shortage
    Provinces across China are reportedly grappling with crippling power shortages prompted by a surge in power demand from a stunning ramp up in industrial activity, an especially harsh winter, and tight coal supplies, which may be exacerbated by a ban on Australian coal.

    Power shortages have been reported in Zhejiang province, an economic powerhouse in eastern China; the southern provinces of Hunan and Jiangxi; as well as in Shaanxi province in the northwest and Guangdong province in the southeast.

    In recent weeks, according to Reuters, more than a dozen Chinese cities in these provinces have imposed restrictions on power use, and some directives, such as in Wenzhou and Yiwu in Zhejiang province, are forcing factories to scale back production.

    Some provinces are facing regional conditions, such as in Hunan, where wind turbines were frozen by a cold snap earlier this month. In Guangdong, a province that gets a quarter of its power from the massive Three Gorges Dam and nearly half from coal, equipment failures turned out the lights in industrial cities Dongguan, Shenzhen, Foshan, and Zhuhai, as well as Baiyun district in the provincial capital on Dec. 21. The South China Morning Post on Dec. 23 said the nationwide blackouts are “the worst in nearly a decade.”

    The Post and other media outlets pin part of the problem to an extraordinary surge in power demand. Reuters reported that across China in November, power consumption rose 9% from a year earlier. The Post noted that from January to November, China consumed 6,677.2 billion kilowatt-hours (kWh) of electricity, more than the annual totals for 2017 and 2018. Industrial demand, notably, surged 10% in November, “fueled by a resurgent economy and a 21% increase in exports to meet COVID-driven demand for electronics, protective gear and other goods,” Reuters said.

    However, the stunning post-COVID-19 economic recovery has reportedly been hampered by a shortage of thermal coal, especially from Australia, which is thought to make up a quarter of the nation’s thermal coal imports, according to Shanxi-based think tank China Coal Big Data Centre.

    The Guardian on Dec. 24 reported that more than 50 Australian coal ships have been waiting offshore for more than four weeks, and at least three have been waiting since October, when China abruptly banned Australian coal amid a trade dispute that deepened after Canberra called for an investigation into the origin of the coronavirus. Australia’s Prime Minister Scott Morrison on Dec. 16 told The Morning Show, an Australian TV show, that while the Chinese government has not confirmed an official decision to ban Australian coal imports, “if there was such a ban on Australian coal, then that would be in direct contravention to the World Trade Organisation rules. It would also be a complete breach of the free trade agreement.”
    UNQUOTE

    ReplyDelete
    Replies
    1. zombie can live in the dark, very powerful.

      Delete
    2. Wakakakakakaka…

      U really make Gorgias turned in his grave!

      Typically aneh c&p no brainer western propaganda!

      The best rebuttal is get yr farted Google satellite map to scan a recent night picture of the China landmass.

      Then compare the same with a similar night picture of China landmass of a yr ago!

      Any darken locations, as farted by yr propaganda lies, been identified in the comparison?

      Blurred mfer of a truly aneh fart of the nth power!

      Delete