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China makes its play for Canada

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WyattEarp

WyattEarp

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SchlongConery said:
Interesting read, thanks. I wasn't that aware of that theory at all. I have no formal edumacation in economics.

I'm sure President Trump could publish a paper on the theory 😜 but just simplified his sophisticated economics plan into "Canada has been very unfair in how they are RIPPING off the United States.".
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I hear your sarcasm loudly.

Triffin's Dilemma doesn't apply to economics on a micro level product by product or even country by country. It's an economic analysis of global trade at the macro level. Since the thread is about China who is by far the world's largest surplus country for many years, I felt it was relevant.

I am not here discussing Trump's policies. I am on record that I don't understand Trump's preoccupation with Canada. I have said here Mexico is a violator of the WTO standards and the USMCA.

Somehow some on the board think it's important to defend China. I am offering a counterargument.
 
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SchlongConery

SchlongConery

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WyattEarp said:
I hear your sarcasm loudly.

Triffin's Dilemma doesn't apply to economics on a micro level product by product or even country by country. It's an economic analysis of global trade at the macro level. Since the thread is about China who is by far the world's largest surplus country for many years, I felt it was relevant.

I am not here discussing Trump's policies. I am on record that I don't understand Trump's preoccupation with Canada. I have said here Mexico is a violator of the WTO standards and the USMCA.

Somehow some on the board think it's important to defend China. I am offering a counterargument.
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The only sarcasm was directed at Trump and his Simpleton tariff obsession. I appreciate you bringing the Triffen's Dilemma to my attention. While I am very much a Simpleton when it comes to economics, I love to lern new things. Even if they have no bearing on my life. It took me three reads to understand it but I got it!
 
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squeezer

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WyattEarp said:
Somehow some on the board think it's important to defend China. I am offering a counterargument.
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I don't believe the majority of us are defending China. It is just that Trump is acting like a tyrant even towards China in this case. China is in Putin's camp so I have no love for China on a personal level.
 
WyattEarp

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squeezer said:
Sure, but you admit your fearless POS orange stain is after Greenland, the Panama Canal and Canada?
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If he is only after Alberta does that mean Canada? I just want to get a definition before I answer.
 
WyattEarp

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squeezer said:
I don't believe the majority of us are defending China. It is just that Trump is acting like a tyrant even towards China in this case. China is in Putin's camp so I have no love for China on a personal level.
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International relations are very complicated, aren't they? It's best for members to not share broad, sweeping narratives about how the world works. It can change in a heartbeat.
 
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squeezer

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WyattEarp said:
International relations are very complicated, aren't they? It's best for members to not share broad, sweeping narratives about how the world works. It can change in a heartbeat.
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It's also best that members not jump in to defend Trumputin because they believe they know what the Clown-in-Chief is going to do next because the reality is, he doesn't know himself what he's going to say or do next.
 
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40micmic

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WyattEarp said:
I think you have been oversimplifying things quite a bit to support some point about China.

Plenty of companies avoid investing in China because of capital controls. For laymen here, you can make an investment but you won't be able to get your money out for a long, long time. Companies with intellectual property avoid China because Chinese businesses will simply copy the technology. Beijing will not enforce international IP laws. For a condition of doing business, the Chinese govt. has even boldly required that firms place IP within China.

Chinese firms want to raise money on Western stock exchanges and debt markets, but they often don't meet Western audit standards. The Chinese govt. has shielded companies in violation of Western audit standards. These aren't Western governments. These are audit firms with industry standards. The major accounting firms frequently pullback from audit relationships with Chinese firms. The Chinese firms working with others in govt. and industry set-up elaborate frauds and deceit. The Chinese govt. won't prosecute unless you fall out of political favor with the regime.

Doing business in China is not anything close to doing business among Western nations. China is included in the World Trade Organization simply because the WTO's enforcement has no teeth. The WTO has been hoping for a more responsible China for a long-time.
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Who remembers luckin coffee?

Personally, i think a first good step is to remove the self labelled "developing nation" status of China within the WTO
 
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40micmic

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squeezer said:
China isn't after Greenland, The Panama Canal and Canada.
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China owns the panama canal. They are attempting to block the sale of CK hutchison. Actually one of the most interesting figures in HK lore is Li Ka Shing. Facisinating story.
 
WyattEarp

WyattEarp

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SchlongConery said:
The only sarcasm was directed at Trump and his Simpleton tariff obsession. I appreciate you bringing the Triffen's Dilemma to my attention. While I am very much a Simpleton when it comes to economics, I love to lern new things. Even if they have no bearing on my life. It took me three reads to understand it but I got it!
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Thanks. You honestly seemed to have given it consideration. It wasn't your usual Twitter or media opinion. Triffin was born and raised in Belgium so I don't think he was an American shill. A People's Bank of China Governor understood the issue. Keynes was concerned about it.

In any event, the Trump strategy to take on the world is quite an overplay. He could have focused on some major, habitual violators and likely had more support from U.S. voters and perhaps some other G-7 and G-20 countries. Objectively in the scheme of things, a strong U.S. economy is good for Canada.

Having said that, the U.S. stock market still would have gone down. You seem more objective so it's probably not lost on you that people who don't give two shits about U.S. multinational corporations are now feigning concern about the Dow Jones.

PS- I would say the U.S. trade deficit has a bearing on my life, but I have probably benefited as a consumer and a white collar employee in multinationals. Some people might not understand that with a complex issue a person might benefit overall from current global trade system, but know it's not in the best interest of the country.
 
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40micmic

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squeezer said:
I don't believe the majority of us are defending China. It is just that Trump is acting like a tyrant even towards China in this case. China is in Putin's camp so I have no love for China on a personal level.
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I believe it is the other way around where putin is beholden to xi. Either way, i have no love for either as well, particularly Xi
 
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40micmic

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squeezer said:
Where do you come up with this shit? You just eat a bowl of beans and then fart out nonsense? LMAO
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Chinese companies have been heavily involved in infrastructure-related contracts in and around the Canal in Panama’s logistics, electricity, and construction sectors. These projects fit naturally with China’s BRI vision, onto which Panama was the first Latin American country to sign in 2018. This, along with Panama’s recognition of China, boosted China’s already existent footprint in the Canal, and Chinese companies have since positioned themselves at either end of the Panama Canal through port concession agreements. In 2016, in a $900 million deal, the China-based Landbridge Group acquired control of Margarita Island, Panama’s largest port on the Atlantic side and in the Colón Free Trade Zone, the largest free trade zone in the Western Hemisphere. The deal established the Panama-Colón Container Port (PCCP) as a deep-water port for megaships, and the construction and expansion was carried out by the China Communications Construction Company (CCCC), a company also active in China’s island-building initiatives in the South China Sea, and the China Harbor Engineering Company (CHEC). The location of the port on the Canal has since allowed China to capitalize on Canal expansion. Additionally, in March 2021 the Panamanian government began the process of renewing the lease of Hutchison Ports PPC, a subsidiary of Hong Kong–based CK Hutchison Holdings, which serves as operator for the ports of Balboa and Cristobal, two major hubs of the Canal’s Pacific and Atlantic outlets, respectively.

Furthermore, in 2018, a Chinese consortium led by CHEC and CCCC announced it was awarded a $1.4 billion contract for the Canal’s fourth bridge, which then-president Varela called “the fifth most important project in the history of the country.” More recently, China Construction Americas finished the Amador Convention Center along the Pacific side of the Canal, a project contracted under the Varela government and funded by Chinese loans. China has also invested in energy-related facilities along the Canal. For example, the Chinese group Shanghai Gorgeous invested $900 million to build a natural gas–fired electricity generation facility. As an economic foothold into Latin America, the Panama Canal is no doubt an important gateway for China’s bid for broader presence and a logistical hub for Chinese goods entering the region.

Aside from infrastructure projects, water management efforts are also a key source of entry for Chinese players. A plan announced in September 2020 would establish a water management system to combat against drought, which threatens the operation of the Canal, but also would impact local access to water for the next 50 years. This presents another opportunity for Chinese investors to increase their presence in Panama beyond the Canal.

As you can see the CCP is quite heavily invested in the panama canal. CK Hutchison owned 2 ports on opposite ends of the canal. The CCP is currently blocking the sale citing anti-trust laws.. it is also putting pressure on some of Li Ka Shing's other companies and his family, quietly shutting them out.

As an aside, i dont think it is a coincidence that Panama agreed to expand the canal with funding from China with promises of bridges, container ports in 2016. And then in 2017, panama breaks off diplomatic ties with Taiwan and opens formal relationships with China.
 
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40micmic

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Shaquille Oatmeal said:
Shhh.
They are internet experts.
They know everything about everything that is China.
They are big businessmen here on TERB. lmao.
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Ive never done business in china. But ive witnessed the brutality of the regime first hand. Again if you have never lived there, understand the language, understand the culture or the society ills that communism brings about, you really have no idea.
I hope you dont take your privileged life here in canada for granted.
 
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