Thread: The View, from China

Chinese exports in January and February rose a combined 16.3 percent on surging global demand and a spike in trade with Russia in the run-up to the war in Ukraine, according to customs data released on Monday.

The growth rate exceeded economists' expectations of a 15.7 percent gain from a year earlier.

Shipments from the world's second-largest economy were valued at $544.7 billion in the first two months, the data from the General Administration of Customs showed.

Exports to Russia rose 41 percent compared to the same period in the previous year.

Trade data for January and February is usually combined to even out the impact of the extended Chinese new year holiday, which usually begins in one of those two months.
Imports rose 15.5 percent to $428.75 billion in the first two months of the year, leaving a Chinese trade surplus of $115.95 billion.

Exports remain a bright spot for a Chinese economy that has slowed sharply in recent months due to virus outbreaks, a property market slump and regulatory crackdowns on key sectors.

China's leaders Saturday set a target of 5.5 percent GDP growth this year -- the lowest annual goal since 1991 -- with Premier Li Keqiang warning of a "grave and uncertain" outlook as the war in Ukraine threatens to damage global supply chains.

China's coal imports in the first two months doubled from a year earlier as Beijing scrambled to replenish supplies after a shortage late last year caused power cuts that paralysed large swathes of the economy.

Exports to Russia grew at the fastest rate among China's major trading partners in January and February, outpacing trade with the European Union and the United States.

Russia was also the second biggest source of imports for China, which buys energy products from its neighbour.

Trade with China has served as a lifeline for Russia, which had already faced Western sanctions over its 2014 seizure of the Crimea region from Ukraine.

Moscow's international isolation has deepened following its invasion of Ukraine that began late last month.

China has been Russia's largest trading partner for more than a decade, according to commerce ministry data.

Beijing approved Russian wheat imports just hours before the outbreak of hostilities in Ukraine.

But analysts believe China will avoid dramatically increasing trade support to Russia to avoid running afoul of the global sanctions arrayed against Moscow.

China exports up 16.3% as trade with Russia surged (msn.com)

Chinky parasites, they don't care who they exploit.

Originally Posted by harrybarracuda

Chinky parasites, they don't care who they exploit.

Unbiased ?

More praise from Harry

China has been Russia's largest trading partner for more than a decade

It's Ukraine's biggest trading partner too.

["Chinky parasites, they're taking over"]

Chinese shipbuilders see surging orders amid rising demand for global shipping

Demand comes from profitable ocean freight sector

By GT staff reporters Published: Mar 09, 2022 08:39 PM

The handover ceremony of COSCO SHIPPING Energy's Yuan Rui Yang was held in Dalian, Northeast China's Liaoning Province, marking the successful delivery of the world's first liquefied natural gas dual-fuel (fuel and gas) powered ship tailored for COSCO Shipping by Dalian Shipbuilding Industry Co. Photo: cnsphoto

"Orders for new cargo ships have rushed to Chinese shipbuilders in the past week, as the sky-high profits of shipping companies boosted by skyrocketing shipping costs amid the COVID-19 pandemic have given major momentum to new orders, the Global Times learned.

According to some calculations, global shipowners have made new orders worth at least about $2.5 billion in the past week. New construction contracts were dominated by containerships and natural gas carriers, and many are alternative-fuel capable, an industry insider surnamed Xu told the Global Times on Wednesday.

Singapore's Pacific International Lines (PIL) placed an order for four dual-fuel containerships with 14,000-standard container capacity at China's Jiangnan Shipyard, PIL announced on Tuesday.

Abu Dhabi National Oil Co (ADNOC) on Thursday signed contracts for two 175,000-cubic-meter LNG vessels with Jiangnan Shipyard, for around $200 million each.
Jiangnan Shipyard was in talks about orders with several shipowners from both China and overseas for large liquefied natural gas (LNG) carriers above 170,000 cubic meters, according to media reports.

Japanese shipowner StarOcean Marine signed deals for two containerships with 2,500-standard container capacity with China's Zhoushan Changhong International Shipyard on March 1.

At present, global shipping companies are rushing to buy new ships, especially Mediterranean Shipping Co (MSC), which is being aggressive in its expansion and has been buying ships at high prices, Zhong Zhechao, founder of One Shipping, an international logistics service consulting company, told the Global Times on Wednesday.

"However, we believe that this is not directly related to the current tensions between Russia and Ukraine, but because the whole shipping industry is highly profitable," said Zhong.

For instance, Singapore-based PIL completed a $600 million restructuring in March 2021. Thanks to an unprecedented boom in the container shipping market, the company repaid $1 billion well ahead of schedule.

Shipping companies buy new ships in order to increase competitiveness, analysts said.

The expansion showed the ambition of shipping companies and indicated that they are optimistic about the shipping market, especially having witnessed the skyrocketing ocean freight costs since the outbreak of COVID-19, said Xu.
MSC, for example, said that it offers a comprehensive network of shipping services to a wide variety of locations in Europe, "so we expect a limited impact on our overall China-Europe shipping volumes," read a statement sent from MSC to the Global Times.

Meanwhile, Western sanctions against Russian cargo ships could also affect the global shipping market, analysts said.

Russian shipowners together have about 3,000 vessels totaling 18.1 million compensated gross tons (CGTs), or 1.2 percent of the global fleet capacity, according to Clarkson.

China was the largest shipbuilder in the world in 2021, with 22.8 million CGTs, accounting for 50 percent of the global total, while South Korea took 38 percent with 17.35 million CGTs, Clarkson statistics showed.

However, analysts also warned of overcapacity in the shipbuilding industry, citing rising global uncertainties and long order completion time.

"If orders are placed now and production begins immediately, deliveries are expected in the second half of 2024 or the first half of 2025," Xu said.

Many Chinese shipbuilders are already at full capacity. For example, China State Shipping Corp, the nation's largest shipbuilder, said in December that its order backlog extended beyond 2023 and 2024.

Still, it is expected that global new ship order demand will not shrink significantly in 2022, and the transaction volume will be around 90 million deadweight tons (DWT), with more than 40 million DWT from China, said the China Association of the National Shipbuilding Industry in January."

Chinese shipbuilders see surging orders amid rising demand for global shipping - Global Times

Originally Posted by OhOh

China sends first batch of humanitarian aid to Ukraine

Which is ironic since their news teams are running around with the Russians cheerleading the invasion.

Typical duplicitous chinky bastards.

Who do you 'ate worse 'arry- the Chinese or the Russians? Uncle Xi or Vlad the Inhaler?

Originally Posted by sabang

Who do you 'ate worse 'arry- the Chinese or the Russians? Uncle Xi or Vlad the Inhaler?

Their leaders are both a cancer on the planet.

China signs electricity agreement with Laos


By Global Times Published: Mar 10, 2022 08:49 PM

"Following the three-month smooth operation of the China-Laos Railway, China is strengthening energy cooperation with Laos, signing an electricity agreement with the country, in a bid to address local long-abandoned water and electricity facilities, as well as promoting green development in both countries.

Promoted by China's National Energy Administration and the Ministry of Energy and Mines of Laos, China Southern Power Grid (CSG) signed an electricity agreement with Electricite du Laos (EDL) on Wednesday, highlighting the establishment of electricity grid interconnections in the Lancang-Mekong Region, in a move to set up a shared electricity market in the region, China's Embassy in Laos reported on Thursday.

Chinese Ambassador to Laos Jiang Zaidong said that both CSG and EDL are main forces in the power industry of each country, and the cooperation will ensure energy security and promote bilateral cooperation.

"Though Laos enjoys rich electricity resources, its grid construction is lagging. The energy cooperation will help Laos improve its electricity supply and improve the living standard of local residents by addressing the electricity shortage, as well as promoting the export of surplus electricity from Laos," Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University, told the Global Times on Thursday.

Laos is rich in electricity resources, with a total installed hydropower capacity of nearly 10,000 megawatts and an average annual power generation of more than 50 billion kilowatt-hours, but its deployment capacity is seriously insufficient, thus leading to huge abandoned water and electricity facilities, Jiang said.

Jiang added that room for energy cooperation between China and Laos is not limited, but both countries should avoid exceeding grid capacity, in order to promote the benign development of Laos' power industry and ease the pressure of business operation.

Daovong Phonekeo, Minister of Energy and Mines of Laos, said that Laos attaches great importance to the development of the energy sector, noting that the country will continue to strengthen energy cooperation with China, aimed at mutual benefit and green development.

Under the framework of the Belt and Road Initiative, Chinese companies have contributed to infrastructure construction in Laos. On September 27, 2021, the power supply project for the China-Laos Railway was put into operation, which will guarantee the smooth operation of the railway and promote the establishment of the China-Laos community with a shared future, experts noted.

Since its launch on December 3, the China-Laos Railway has seen major progress. During China's Spring Festival travel rush from January 17 to February 25, the China-Laos Railway ran at full capacity, carrying more than 700,000 passengers and over 170,000 tons of goods, transport officials in Yunnan said."


China signs electricity agreement with Laos - Global Times

Chinky parasites taking over even more of Laos against the wishes of the public.

I said they are a cancer.

Only the chinkies and a few corrupt Laos officials will benefit.

Wrong thread

Foreign Ministry Spokesperson Zhao Lijian’s Regular Press Conference on March 10, 2022


AFP:

China has supported Russia’s claims that the US conducted biological military activities in Ukraine. The White House calls these claims a disinformation operation and the allegations do appear to lack a strong evidence. So what are China’s sources for supporting these allegations? How do you know that you’re not simply repeating Russian propaganda?

Zhao Lijian: 

The international community has had grave concerns about US bio-military activities for long. The world has no knowledge about what the US has been doing at Fort Detrick on its territory and the 336 biological labs overseas, or whether the activities conform to the stipulations of the Biological Weapons Convention (BWC). This is not something you can muddle through in a few words. It is even irresponsible to dismiss the concerns of the international community as “disinformation”.

Why has the US been standing alone in opposing setting up multilateral verification mechanisms for 20 years, if it has indeed complied with the BWC? Isn’t it confounding?

Since the US mentioned the Chemical Weapons Convention (CWC) also, why doesn’t it tell the world handily that the US is the sole possessor state party of chemical weapons?

The international community has been repeatedly asking the US to complete the destruction of its chemical weapons stockpiles as soon as possible. However, it is regrettable and concerning that the US has twice missed the deadline for destruction.

China firmly opposes any country’s research and development, possession or use of biological weapons and chemical weapons under any circumstances. Under the current circumstances, we call on all relevant parities to keep in mind people’s health and safety in Ukraine, the neighboring areas and the whole world, and ensure the security of the relevant labs. We once again urge the US to earnestly fulfill its international obligations, give a clear account of its bio-military activities both at home and abroad and accept multilateral verification, and complete the destruction of its chemical weapons arsenal as soon as possible.

You asked about the source of the figures I mentioned. When I mentioned these figures the day before yesterday, I made it clear that they were released by the US side.

Yomiuri Shimbun:

Russia has published a list of unfriendly countries and regions. Do you have any comment? If Russia takes concrete actions in the future, how will China respond?

Zhao Lijian:

Russia is a sovereign state has the right to make its own decisions.

Phoenix TV:

We noticed that the foreign minister of Cambodia, which currently holds the rotating chair position of ASEAN, said the ASEAN-US summit scheduled to be held on March 28 has been postponed to a later date because some ASEAN leaders cannot attend the meeting on the proposed date.

Some people commented that the White House’s unilateral announcement of the dates has displeased some ASEAN countries. The dates proposed by ASEAN leaders before had been modified by the US for multiple times.

If the meeting is held on the dates decided by the US, then half of the ASEAN leaders cannot make it. What is China’s comment?

Zhao Lijian:

We have noted relevant reports. China hopes that when participating in regional cooperation in East Asia, the US can follow the spirit of mutual respect, support ASEAN centrality with real actions and do more things that promote regional peace, stability and prosperity.

Reuters:

We were wondering whether the charter flights organized by the Chinese government to evacuate Chinese nationals in Ukraine were free or whether each Chinese national had to pay a fee in order to get on these flights? If they were not free, then could we ask how much each ticket costs?

Zhao Lijian:

I can tell you that with the concerted efforts of all parties, the vast majority of Chinese citizens in Ukraine have been safely evacuated to neighboring countries and taken care of with the thoughtful arrangements of the Chinese embassies there. Taking into account the strong desire of most of our compatriots to return home as soon as possible after experiencing the fighting, various departments and localities in China coordinated closely and promptly sent a number of charter flights to bring back from Europe Chinese citizens who have evacuated from Ukraine.

So far, nine charter flights carrying Chinese nationals evacuated from Ukraine have safely arrived in China.

In recent years, the Chinese government has sent temporary flights many times to bring back from risk-prone or even war-torn areas Chinese citizens who want to return home but have difficulties in doing so. A set of institutionalized arrangements has been formed, including coordination by government departments and lowest possible pricing by relevant airlines.

In the future, we will continue to improve relevant practices in accordance with the development of the situation"

Foreign Ministry Spokesperson Zhao Lijian’s Regular Press Conference on March 10, 2022

An aside, I received a reputation post from a new member,

The "new" member;
Wonton

Who allegedly joined TD in 21-09-2008, had previously posted one reply on 11-02-2022, 04:24 PM to a thread by DJ Pat in The TeakDoor Lounge.

I was luck enough to receive his first reputation.

Thank you and may you enjoy TD in the future.

I would say your last two posts belong in your drivel threads but they're in one already.

Originally Posted by OhOh

An aside, I received a reputation post from a new member,

The "new" member;
Wonton

Who allegedly joined TD in 21-09-2008, had previously posted one reply on 11-02-2022, 04:24 PM to a thread by DJ Pat in The TeakDoor Lounge.

I was luck enough to receive his first reputation.

Thank you and may you enjoy TD in the future.

Your welcome.

Originally Posted by Wonton

Your welcome.

You're.

Originally Posted by OhOh

An aside, I received a reputation post from a new member,

The "new" member;
Wonton

Who allegedly joined TD in 21-09-2008, had previously posted one reply on 11-02-2022, 04:24 PM to a thread by DJ Pat in The TeakDoor Lounge.

I was luck enough to receive his first reputation.

Thank you and may you enjoy TD in the future.

Hoohoo cracks open a bottle of his best Asti Spumante to celebrate his first green.

Originally Posted by sabang

I get things wrong A LOT.

I think it's quite brave of you to admit it.

First consignment of Chinese humanitarian aid arrives in Ukraine

CGTN | Updated: 2022-03-12 11:04

A truck convoy loaded up with Chinese aid destined for western Ukraine prepares to leave Romania. [Photo/Chinese embassy in Romania]
"The first batch of Chinese humanitarian aid has reached Ukraine. The consignment, which includes 1,000 family kits containing daily supplies worth 5 million yuan ($800,000), crossed the Ukraine-Romania border on Friday, having being delivered by plane to Bucharest Airport.

The packs contain blankets, towels, cutlery, damp-proof mats, buckets and torches, and were sent from Beijing by the Red Cross Society of China.
Ukraine's Red Cross Society will receive the consignment when the truck convoy containing the aid arrives in the western Ukrainian city of Chernivtsi.

A second batch of materials will leave the Chinese capital on Sunday."

First consignment of Chinese humanitarian aid arrives in Ukraine - World - Chinadaily.com.cn

Latest China-India border talks consolidate trust from previous round, as both disregard US agitation


By Yang Sheng

and Wang Qi


Published: Mar 12, 2022 09:51 PM

"The 15th round of China-India corps commander level meeting concluded on Friday, continuing the positive atmosphere since the 14th round of talk, as the two sides reached consensus on agreeing to maintain dialogue via military and diplomatic channels to reach a mutually acceptable resolution to the remaining issues at the earliest time.

The latest round of corps commander level talks came despite US agitation, which Chinese analysts said contrarily strengthened the determination of China and India to consolidate achievements and manage differences.

The focus of the talks is expected to be the completion of the stalled disengagement process in the Hot Springs (Patrolling Point-15) areas, Indian media reported.

According to the joint press release published by China's Ministry of Defense on Saturday, the two sides "carried forward their discussions from the previous round held on January 12, 2022 for the resolution of the relevant issues along the LAC in the Western Sector. They had a detailed exchange of views in this regard, in keeping with the guidance provided by the State Leaders to work for the resolution of the remaining issues at the earliest."

The two sides also reaffirmed that such a resolution would help restore peace and tranquility along the LAC in the Western Sector and facilitate progress in respect to bilateral relations. The two sides also agreed to maintain the security and stability on the ground in the Western Sector in the interim. They agreed to maintain dialogue via military and diplomatic channels to reach a mutually acceptable resolution of the remaining issues at the earliest, according to the joint press release.

The meeting is a continuation of positive momentum during the 14th round of talks, and further consolidated mutual trust, Qian Feng, director of the research department at the National Strategy Institute at Tsinghua University, told the Global Times.

Before the meeting, both China and India sent positive signals. Chinese State Councilor and Foreign Minister Wang Yi said on Monday that China has always advocated the use of equal consultation and control of differences, seeking a fair and reasonable solution. He said China and India should be partners in mutual achievement, rather than opponents that drain each other's energy.

Citing sources in the Indian defense establishment, Indian media said on Tuesday that "both sides will focus to achieve resolution of balance friction areas. Recent statements by both sides to find a mutually acceptable solution have been encouraging and positive."

Since the 14th round of talks in January, both sides have actively maintained the existing achievements and continued to strengthen the management and control of front-line troops, Qian said. "There have been no new incidents that interfered with bilateral relations and escalating border standoff."

However, ahead of the meeting, Commander of US Indo-Pacific Command Admiral John Aquilino said on Wednesday that China-India tensions along the Line of Actual Control are the "worst" in over four decades, Indian media reported.

For some US politicians who see China as a strategic rival, China-India discord would only bring benefits to Washington: it drains resources from China's military and woos India in terms of the defense and security, analysts said.

The Ukraine crisis has made more countries, including India, to clearly see the US' approach in offshore balancing: control Europe in security, financial and economic terms by inciting conflict between Russia and Ukraine, Qian said. "

Latest China-India border talks consolidate trust from previous round, as both disregard US agitation - Global Times

I just had to laugh-

25 years Investment Banker. Family OfficeMar 7






https://chinaworldleader.quora.com/Yeah-Americans-still-no-1?ch=8&oid=63047561&share=74410500&srid=u6VOf&targ et_type=post

Originally Posted by OhOh

Latest China-India border talks consolidate trust from previous round, as China tries to blame the US for it invading Indian territory

FTFY.