Author Message

<  Non-Yao stuff  ~  On the economic front, in the midst of DT's temper tantrum

PostPosted: Fri Jan 04, 2019 4:49 pm
User avatarPosts: 12415Joined: Fri Jul 22, 2005 4:27 pm
According to this dotard,
    Image
trade wars are easy to win, so he has opted to start a tariff tit-for-tat against China.

no one wins a trade war, as, invariably, both sides get hurt.

so far these people/entities are getting hurt
  • on china's side,
      the burgeoning middle class, exporters and their employees, proprietors such as PRY, and others
  • on the US side,
      farmers, global co like Apple and others


Offline Profile
PostPosted: Mon Jan 07, 2019 9:57 am
User avatarPosts: 12415Joined: Fri Jul 22, 2005 4:27 pm




on Fri, 4 Jan 2019, Helicopter Li issued this order to China's central bank, the PBOC,

    The PBoC will cut the amount of money banks are required to hold in reserve with it
    by one percentage point, a move that could pump 1.5 trillion yuan (US$210 billion) of additional liquidity into the banking system to help arrest a deepening economic slowdown.

    It will reduce the required reserve ratio (RRR) by 0.5 of a percentage point on January 15 and again on January 25 so that banks have sufficient funds to lend, especially to private firms and small businesses.


Offline Profile
PostPosted: Mon Jan 14, 2019 8:01 am
User avatarPosts: 12415Joined: Fri Jul 22, 2005 4:27 pm

so say those who have also conveniently claimed that China's economic success is due to
Bush, Clinton and Obama (BCO)

    as if Deng Xiao Ping,
      who spearheaded China's massive economic reforms, laying the tracks
      for economic ascendancy (long before BCO became POTUS),
    had nothing to do with it, :roll: :roll:


Offline Profile
PostPosted: Mon Jan 14, 2019 10:12 pm
Posts: 1803Joined: Sun Jul 10, 2005 10:11 pm
LoL

First, did you even read what you post

second, do you even understand what you posted?


Offline Profile
PostPosted: Tue Jan 15, 2019 8:28 am
User avatarPosts: 12415Joined: Fri Jul 22, 2005 4:27 pm
the constipated one continues to show that
    he is incapable of putting meat in his supposed retorts to points made by me;
    thus, the meaningless rhetoric.


the Singa snob, publicizing his ignorance again :!:


Offline Profile
PostPosted: Tue Jan 15, 2019 7:12 pm
Posts: 1803Joined: Sun Jul 10, 2005 10:11 pm
Quote:
the Singa snob, publicizing his ignorance again :!:


Again did you read past the headline of what you posted.

Do you even understand it?

What you posted is actually a critique on Xi on moving away from Deng open reform to China "self-reliance".

Quote:
Rhetorically, this shows up in his frequent encomia to zili gengsheng. The term, usually translated as self-reliance, was used by Mao Zedong to denote the isolationist autarky of the Great Leap Forward era. Xi, however, employs it even in speeches where he’s meant to be praising the opposite reform-and-opening-up policy pursued by Deng Xiaoping.

As my colleague Noah Smith argued last month, that’s more than just rhetoric. Fixed-asset investments by private businesses in China came to 37.8 trillion yuan ($5.5 trillion) in the 11 months through last November, an increase of 18 percent from three years earlier, according to government data. Those by state and state-owned enterprises climbed at twice the rate — 36 percent — to 21.6 trillion yuan. In the fight for investment capital from the country’s lenders, the government is gradually crowding out the private sector.


Canto victory.


Offline Profile
PostPosted: Tue Jan 15, 2019 7:30 pm
User avatarPosts: 12415Joined: Fri Jul 22, 2005 4:27 pm
The latest eg of the Singa snob parroting disjointed info, nary any understanding


Offline Profile
PostPosted: Tue Jan 15, 2019 8:25 pm
Posts: 1803Joined: Sun Jul 10, 2005 10:11 pm
LoL moranus

again post nothing.

Basically

Whenever there is a discussion, you just search the web with some keywords. Then you post something that your totally misunderstood that makes you look like an idiot

Go ahead be canto about it.


Offline Profile
PostPosted: Thu Jan 17, 2019 11:17 am
User avatarPosts: 12415Joined: Fri Jul 22, 2005 4:27 pm
Dr. No wrote:
on Fri, 4 Jan 2019, Helicopter Li issued this order to China's central bank, the PBOC,

    The PBoC will cut the amount of money banks are required to hold in reserve with it
    by one percentage point, a move that could pump 1.5 trillion yuan (US$210 billion) of additional liquidity into the banking system to help arrest a deepening economic slowdown.

    It will reduce the required reserve ratio (RRR) by 0.5 of a percentage point on January 15 and again on January 25 so that banks have sufficient funds to lend, especially to private firms and small businesses.
on the heels of the above edict from Helicopter Li
    On Wed, 16 Jan 2019, the Chinese central bank injected a net $560 billion CY,
    ($83 billion USD) into the banking system, the highest ever recorded for a single day.

    The liquidity injection came in the form of "reverse repurchase agreements",
      effectively, the PBoC buying short-term bonds from some commercial lenders,
      affording them more cash on hand, just before the Chinese New Year,
      as well as the tax-payment period for businesses

    except for the fact that
    • China's economy is still growing and
    • its prevailing interest rate is not zero, below nor nearing zero,
    the mechanics involved are the same as a QE


Offline Profile

Display posts from previous:  Sort by:

All times are UTC - 8 hours [ DST ]
Page 1 of 1
9 posts
Users browsing this forum: No registered users and 4 guests
Search for:
Post new topic  Reply to topic
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
cron