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  1. #26
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    ...it was, I think, imprudent for Australia to become so dependent on exports to China in the first place particularly as China has previously used commercial methods to coerce other countries to behave in the way it wants...South Korea and Japan come to mind as well as the pusillanimous South China Sea backtracking of the Flips when banana exports and maid employment were threatened...Do other countries act aggressively in this way? Of course....but China only makes such open threats when its opponents are weaker. So, I guess that's how China sees the rambunctious Aussies...
    Majestically enthroned amid the vulgar herd

  2. #27
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    Quote Originally Posted by baldrick View Post
    he is of course referring to rich chins

    his comments have come at a great time and should help in reoganising the australian universities and stop them catering to rich overseas whelps and look to taking care of the australian yoof first
    America should do the same. Funny how you don't see or read about Americans and Australians lining up to go to Chinese Universities, buy up Chinese business real estate and trying to go live there. What does that tell us?

    If anything this pandemic shows us that China itself is the virus.

  3. #28
    Hansum Man! panama hat's Avatar
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    Quote Originally Posted by tomcat View Post
    ...it was, I think, imprudent for Australia to become so dependent on exports to China
    Absolutely, and that goes for every country . . . but especially China as the Chinese Communist Party decides who can and can't and how much or how little . . . all for the benefit of the party, not the people

  4. #29
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    about fooking time the Chinese stay home, they have been nothing more than a fast spreading virus for the world, like their COVID-19

  5. #30
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    How Forbes saw it last year: (Sep 3, 2019)

    Beat up on China all you want—the truth is that companies overwhelmingly want to be there. Portfolio managers want to as well.
    Why American Companies Choose China Over Everyone Else

    For all-around emerging market manufacturing know-how, for reliability, for currency stability, for safety and for domestic market growth, China is No. 1. The rest are more like No. 100.

    No one comes close in the developing world to China. And that is why U.S. companies are so headstrong about staying there. The trade war will have to get much worse before they are forced to source elsewhere.

    Last week, one of the biggest lobby groups for American multinationals in China, the U.S. China Business Council, put out their annual member survey. China was still as profitable or more so than other emerging markets where they have set up shop or source supply.

    Only 3% said they were relocating to the U.S. because of tariffs. Under 7% said they were leaving China.

    Why do American companies love China so much? It can’t be just because of its size. India is comparably large and friendlier to the U.S. Brazil is pretty big—and closer. Mexico, even closer.

    What’s so great about China?

    Honestly, does any of that matter to a transnational corporation? Unless they run afoul of the Communist leaders or are doing business with the parties deemed responsible for a human rights violation, then it arguably matters little to them. Where is the company that has stopped doing business with China because of human rights matters?


    For portfolio investors, many top-rated impact investment funds, like the five-star Morningstar-rated Calvert Emerging Markets Equity (CVMIX) that invests in companies considered good environmental stewards who pay women as much as men, hold top China corporations like Alibaba and Mengniu Dairy.

    Beat up on China all you want—the truth is that companies overwhelmingly want to be there. Portfolio managers want to as well.

  6. #31
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    Quote Originally Posted by JPPR2 View Post
    Funny how you don't see or read about Americans and Australians lining up to go to Chinese Universities, buy up Chinese business real estate and trying to go live there. What does that tell us?
    Americans in China

    Americans in China are expatriates and immigrants from the United States as well as their locally born descendants. Estimates range from 72,000[2][3] to 110,000.[1]

    Estimated number in China
    In 2005, the number of Americans living in China reached a historic high of 110,000.[1] Most expatriates living in China come from neighboring Asian nations. An estimate published in 2018 counted 600,000 people of other nations living in China, with 12% of those from the US; that means approximately 72,000 Americans living in China.[2]

    Based on data collected in 1999, when 64,602 Americans lived in China, most lived in Hong Kong (48,220 in 1999), with smaller numbers in Beijing (10,000), Guangzhou (3,200), Shanghai (2,382), Shenyang (555) and Chengdu (800).[4]

    Hong Kong

    Since the transfer of sovereignty of Hong Kong, Americans have arguably surpassed the British as the major non-Chinese influence. There are more Americans than Britons living in the territory, and 1,100 American companies employ 10% of the Hong Kong workforce; the current head of the Hong Kong General Chamber of Commerce, Eden Woon, is the first American to hold the position in the territory's history. In addition, ships of the United States Navy made from 60 to 80 port visits each year, reported in 1998.[5]

    Mainland China
    According to the Sixth National Population Census of the People's Republic of China conducted in 2010, there are 71,493 Americans residing in Mainland China, the second largest single group of foreign nationals behind Koreans in China.[3] Americans have been coming to China for job opportunities since 1994.[4] In the late 2000s and early 2010s, a growing number of Americans in their 20s and 30s headed to China for employment, lured by its faster-growing economy and good pay in the financial sector.[6] Many of them teach English, a service in demand from Chinese businesspeople and students and a growing number are arriving with skills and experience in computers, finance and other fields.[7]

    Americans in China - Wikipedia

  7. #32
    Hansum Man! panama hat's Avatar
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    Quote Originally Posted by Klondyke View Post
    lured by its faster-growing economy and good pay in the financial sector.
    Quote Originally Posted by Klondyke View Post
    Many of them teach English
    Yea . . .

    Plus, several I know are Americans of China-Chinese descent. Kind of like going back to the motherland until they realise it isn't what they thought.

    BUT:



    Quote Originally Posted by JPPR2 View Post
    Funny how you don't see or read about Americans and Australians lining up to go to Chinese Universities, buy up Chinese business real estate and trying to go live there. What does that tell us?
    What has that got to do with your response? Which part of 'lining up' do you not understand?

  8. #33
    Thailand Expat jabir's Avatar
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    From recent posts it seems nothing will change, the world needs China to the extent it will refuse to accept that even vipers can smile; no blame, no retribution, a global charm offensive to explain this away as a series of plausible mistakes, and let's all focus on damage control to restore the status quo.

    Tell you what, with the current calibre of world leaders we should expect no more, and downhill from there.

  9. #34
    CCBW JPPR2's Avatar
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    Quote Originally Posted by panama hat View Post
    several I know are Americans of China-Chinese descent. Kind of like going back to the motherland until they realise it isn't what they thought
    Exactly. How many of those "Americans" moved to the US exploited it then moved back. I know many. So yes they have a US Passport thus are considered Americans.

  10. #35
    Hansum Man! panama hat's Avatar
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    Quote Originally Posted by JPPR2 View Post
    So yes they have a US Passport thus are considered Americans.
    Simply Klondyke-esque to spout utter crap . . .

  11. #36
    Thailand Expat misskit's Avatar
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    Quote Originally Posted by JPPR2 View Post
    Exactly. How many of those "Americans" moved to the US exploited it then moved back. I know many. So yes they have a US Passport thus are considered Americans.
    What a strange thing to say. There are so many ethnic Chinese born in the USA. They are Americans and exploit nothing. They go to China for a visit and are appalled by what they find.

  12. #37
    Hansum Man! panama hat's Avatar
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    Quote Originally Posted by misskit View Post
    What a strange thing to say. There are so many ethnic Chinese born in the USA. They are Americans and exploit nothing. They go to China for a visit and are appalled by what they find.
    No doubt - a mix of JPPR2's post and mine Id say

  13. #38
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    Quote Originally Posted by Klondyke View Post

    Why do American companies love China so much? It can’t be just because of its size. India is comparably large and friendlier to the U.S. Brazil is pretty big—and closer. Mexico, even closer.

    What’s so great about China?
    Cheap prices....what else ?



    Quote Originally Posted by Klondyke View Post

    For portfolio investors, many top-rated impact investment funds, like the five-star Morningstar-rated Calvert Emerging Markets Equity (CVMIX) that invests in companies considered good environmental stewards who pay women as much as men, hold top China corporations like Alibaba and Mengniu Dairy.
    Chinese companies who are good environmental stewards ? I'd like to see the details......

  14. #39
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    Quote Originally Posted by Latindancer View Post
    I'd like to see the details......
    Search for some foreign "World Class" companies that have design/manufacturing/assembly/development operations ... in China.

    Drug, - pills, potions and "exotics", aerospace, vehicle, software, electronics, plastic buckets, cuddly toys - adult and children ...

    There are plenty to choose from.

    All would have done their initial and ongoing "World Class" environmental due diligence, wouldn't they.

    Otherwise they wouldn't keep their "World Class" reputation.

    Last edited by OhOh; 29-04-2020 at 11:25 AM.
    A tray full of GOLD is not worth a moment in time.

  15. #40
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    Quote Originally Posted by OhOh View Post
    Search for some foreign "World Class" companies that have design/manufacturing/assembly/development operations ... in China.

    Drug, - pills, potions and "exotics", aerospace, vehicle, software, electronics, plastic buckets, cuddly toys - adult and children ...

    There are plenty to choose from.

    All would have done their initial and ongoing "World Class" environmental due diligence, wouldn't they.

    Otherwise they wouldn't keep their "World Class" reputation.

    What's your point? Those companies may be guilty of the same thing but they're not what's being dicussed.
    Whataboutism?

  16. #41
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    Just search what percentage of medicine is made in China? (and also great deal India). That's when it is immediately needed...

  17. #42
    Hansum Man! panama hat's Avatar
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    Quote Originally Posted by Cujo View Post
    What's your point? Those companies may be guilty of the same thing but they're not what's being dicussed.
    The usual m.o. of Oh Oh and . . . oh, look, heres Klondyke with his version of deflection

    Quote Originally Posted by Klondyke View Post
    Just search what percentage of medicine is made in China?
    Peas in a pod . . . I wonder if their ip addresses are the same

  18. #43
    Thailand Expat HermantheGerman's Avatar
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    Quote Originally Posted by Chico View Post
    Maybe you should have a little look around and just see what the Chinese actually own in Oz

    And i have nothing to prove about Greece I was the one who said Greece got shafted.
    I think you got it mixed up ...


    Almost all shafts need to be gri'sed.
    How often should I grease my shaft and what type of grease should I us – Tom Wood's Custom Drive Shafts

    When doing it the *greek way I also suggest to use grease.

    *1.The alternative route to a destination other than the main route, also known as the "back way".

    I hope my post makes as much sense as yours

  19. #44
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    'Wake-up call': Chinese control of U.S. pharmaceutical supplies sparks growing concern

    The Washington Times - Tuesday, March 17, 2020

    As the war of words between China and the U.S. over COVID-19 heats up, Chinese state media have raised the specter of using Beijing’s pharmaceutical leverage to block critical components and supplies for dependent U.S. drug companies and send America into “the hell of a novel coronavirus epidemic.”

    While India and several European nations play critical roles in the global medical supply chain, China is among the top providers of active pharmaceutical ingredients (APIs) — the basic components for antibiotics and other prescription drugs consumed by Americans.

    With the coronavirus crisis threatening to strain the U.S. government’s large stockpiles of such drugs, health experts warn that China’s own outbreak and related societal shutdown could mean major shortages ahead as Chinese factories struggle to keep up production of the APIs.

    The Trump administration and lawmakers from both parties are now calling for a dramatic revamping of domestic U.S. drug manufacturing operations that have been outsourced to China and a handful of other nations over the past two decades.

    The Pharma Letter, an online news site covering the pharmaceutical and biotech industries, offered some stark numbers on U.S. dependence on Chinese producers.

    China, the newsletter reported Tuesday, “accounted for 95% of U.S. imports of ibuprofen, 91% of U.S. imports of hydrocortisone, 70% of U.S. imports of acetaminophen, 40% to 45% of U.S. imports of penicillin and 40% of U.S. imports of heparin, according to Commerce Department data. In all, 80% of the US supply of antibiotics are made” in China.

    Even without a conscious boycott policy by the Beijing government, the disruption to Chinese domestic production caused by the pandemic is straining the global system.

    'Wake-up call': Chinese control of U.S. pharmaceutical supplies sparks growing concern - Washington Times

    (cannot find the info on China Daily...)

  20. #45
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    Quote Originally Posted by Cujo View Post
    What's your point?
    My answer is aimed at LD who has posted, IN THIS THREAD, his opinion on why companies invest in China.

    Who is not aware of "World Class" foreign companies who do things in China.

    You have to address his post.

    This post:

    Quote Originally Posted by JPPR2 View Post
    buy up Chinese business real estate and trying to go live there. What does that tell us?
    By all means keep the thread on topic, but be consistent.

    How much foreign citizens invest in China ?

    According to this:

    Statistics on where Australia invests | DFAT

    China received A$127.5 billion in 2018. 5.1% and in third place world wide, of Australia'/s FID.

    China Foreign Direct InvestmentCNY



    China envoy threatens Australia boycott over virus inquest demand-china-jpg


    China Foreign Direct Investment | 1997-2020 Data | 2021-2022 Forecast | Calendar

  21. #46
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    I suspect a long running inquest later on, with a troubling number of western elites and groups siding with China, the WHO and other supposedly respected organisations that have been compromised by Chinese money, while businesses and strategic industries that have for decades done well on dependence will try to restore the status quo and carry on as before.

    I also suspect very few people that didn't know it before will still not acknowledge that China, far from being the west's friend is a dangerous, treacherous and thoroughly deceitful ideological enemy.

    And to round it off I also think if anyone has the balls to do so, it would be the Aussies that tell this ambassador to go fcuk himself.

  22. #47
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    Quote Originally Posted by OhOh View Post
    My answer is aimed at LD who has posted, IN THIS THREAD, his opinion on why companies invest in China.
    There is one reason and one reason only: Money.

    And sadly, that will continue to be the main driver when this is all over, as people like cheap chinky shit, especially Walmartians.

  23. #48
    Hansum Man! panama hat's Avatar
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    Quote Originally Posted by HermantheGerman View Post
    I hope my post makes as much sense as yours
    Unless you've had a full frontal lobotomy your posts will always make more sense than chico's . . . and even then it'd be a toss-up

  24. #49
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    Quote Originally Posted by Chico View Post
    You do realise the Chinese have nearly bought Australia don't you.
    Are you basing this opinion on frequent visits to oz chico?. We do indeed trade heavily our commodities with the chinese but to say they own oz is ludicrous. A bit like saying aussies still refer to them selfs as poms. Personnally i think this whole corona thang should give the western world pause for thought. Maybe time to say fuck all this ASEAN bullshit and go back to trading with the west? Just an idea.

  25. #50
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    Quote Originally Posted by beerlaodrinker View Post
    Maybe time to say fuck all this ASEAN bullshit and go back to trading with the west? Just an idea.
    Good luck with that.

    They, Australia, will not survive. 84% of its exports are with Asian countries.

    Australia Exports - Asian Country
    Value US$B
    Year
    China
    87.73 2018
    Japan 41.36 2018
    South Korea 17.75 2018
    India 12.37 2018
    Hong Kong 7.68 2018
    Singapore 7.33 2018
    Malaysia 5.53 2018
    Thailand 4.88 2018
    Indonesia 4.80 2018
    Vietnam 3.71 2018
    Philippines 1.63 2018
    Papua New Guinea 1.60 2018
    Total
    108.64

    Australia Exports - ROW
    Value US$B
    Year
    United States
    9.55 2018
    New Zealand 7.17 2018
    United Kingdom 3.61 2018
    United Arab Emirates 2.92 2018
    Netherlands 2.57 2018
    Germany 1.66 2018
    Canada 1.42 2018
    South Africa 1.24 2018
    France 1.22 2018
    Bahrain 1.06 2018
    Brazil 1.04 2018
    Switzerland 0.86 2018
    Belgium 0.71 2018
    Total
    24.77

    https://tradingeconomics.com/austral...rts-by-country
    Last edited by OhOh; 29-04-2020 at 10:55 PM.

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