Economy of China:

The EU will only understand through arse whipping.

China retaliates against EU tariff hike, 07.05.2024.

Beijing will probe brandy imports from the bloc in response to duties on electric vehicles imposed by Brussels.

Beijing has announced the next stage in its investigation into EU brandy imports, in the latest tit-for-tat measure after the bloc imposed provisional duties on Chinese electric vehicles (EVs).

The EU on Thursday slapped tariffs ranging from 17.4% to 37.6% on Chinese EV imports on top of existing 10% duties, citing Beijing’s “unfair subsidization” of car manufacturers.

The Chinese Ministry of Commerce responded on Friday by announcing that it will hold a hearing on July 18 to address claims that EU brandy producers are selling their goods in China below market rates.

The hearing requested by brandy houses Martell, Societe Jas Hennessy & Co., Remy Martin, and others will assess “industrial damage, cause and effect, and public interest in the anti-dumping probe of related brandy products,” according to the ministry’s statement.

The Chinese probe will look into EU-produced brandy in containers holding less than 200 liters imported between October 2022 and September 2023, the ministry added. It will also investigate the alleged damage inflicted on the Chinese brandy industry between January 2019 and September 2023.

The Chinese Chamber of Commerce to the EU condemned the bloc’s tariffs as “politically-motivated” and “protectionist,” expressing hope to resolve the dispute through dialogue.

Meanwhile, EU countries are split on the move, with Germany, whose automakers made a third of their sales in China last year, fearing the curbs will do more harm than good.

German car giant Volkswagen reportedly called the move “detrimental,” while the head of BMW said the tariff battle “leads to a dead end”.

The value of EU imports of Chinese EVs surged to $11.5 billion in 2023, from just $1.6 billion in 2020, accounting for 37% of all EV imports to the bloc, according to recent research.

Last year, the European Commission launched an investigation into claims that subsidies allowed Chinese EVs to be sold at much lower prices than ones produced in the bloc.

China has repeatedly urged the EU to cancel its EV tariffs, warning that it would “not sit back and watch” and expressed a willingness to negotiate. In January, Beijing launched a first reciprocal anti-dumping investigation into EU brandy imports and in June started a second probe into pork shipments from the bloc.

https://www.rt.com/business/600512-china-retaliation-eu-tariff-hike/

Smart factories: China crushes the US and Europe, by Javier Benítez for SputnikSpanish. 07.05.2024.

China has almost twice as many smart factories as the United States and the European Union combined. An overwhelming result that developed in just 15 years, when the Asian giant had much less quantity. This strategic situation is leaving the West exposed and in a delicate strategic situation.

Data kills story

Dramatic. This is the Western story in this section and that is demonstrated by a graphic published by the European Union Joint Research Center [JRC, for its acronym in English]. And it is that until 2014, both the United States and the Twenty-Seven club had an absolute hegemony in the number of manufacturing factories that use advanced technologies for their production processes. However, since that year, and with extraordinary speed, the tables have been turned.

Numbers speak for themselves. While China has about 20,000 manufacturing industries that use the most advanced technologies to manufacture products, the United States has 7,500 and Europe has 4,500. In other words, the sum of factories of this type that exist in these two territories is just over half of those owned by the Asian giant.

In this sense, China has experienced an overwhelming growth of 571% since 2009. Precisely, the year in which the budgetary adjustments began in Europe after the financial crisis that began in 2008.

For Dr. Enrique Refoyo, an international analyst, these "are the results of wanting to carry out an effective development policy, based on tangible goods, and not on financial economics, or incomprehensible ideological nonsense of an economic, political and intellectual elite that gets lost in its own morass of constant inventions."

"Meanwhile, those who were going to be deceived ‘like the Chinese’, it turns out that they dedicated themselves to a quiet, constant, progressive work, of growth, and of eventually becoming the largest trading partner in the world," the analyst slams.

Yandex Translate from Spanish.

https://latamnews.lat/20240705/fabricas-inteligentes-china-aplasta-a-eeuu-y-a-europa-1155949848.html

'More conflicts are possible': Europe prepares for trade war with China, says newspaper, 07.12.2024.

The European Union (EU) is preparing for a trade war with China on tariffs on electric vehicles and may apply the punitive mechanism of international public procurement, writes The Economist newspaper.

In early July, the European Commission imposed an increase in import tariffs on Chinese electric vehicles. Beijing later said it planned to file a complaint against the EU with the World Trade Organization (WTO) and introduce countermeasures.

"Europe is preparing for a major trade war. [ ... ] Further conflicts [with Beijing] are possible, during which the EU will use new types of weapons [in trade]," the article notes.

Among the possible measures of the European Union, journalists highlight the application of the international purchasing mechanism. If China refuses to comply with Brussels' demands, the EU has the right to restrict Chinese companies' access to public tenders in Europe.

Finally, it is noted that another opponent of European officials may be Donald Trump in case of re-election to the post of President of the United States. Brussels will not leave unanswered the 10% tariffs on all imports from the EU that the American candidate promised to introduce.

Yandex Translate from Portuguese.

https://noticiabrasil.net.br/20240712/sao-possiveis-mais-conflitos-europa-prepara-se-para-guerra-comercial-com-a-china-diz-jornal-35558180.html

Among the possible measures of the European Union, journalists highlight the application of the international purchasing mechanism. If China refuses to comply with Brussels' demands, the EU has the right to restrict Chinese companies' access to public tenders in Europe.

Which could be catastrophic for western companies if China chose to respond in kind...

Finally, it is noted that another opponent of European officials may be Donald Trump in case of re-election to the post of President of the United States. Brussels will not leave unanswered the 10% tariffs on all imports from the EU that the American candidate promised to introduce.

In other words the EU wants a war on two fronts... they were always the smart ones...

If Trump gets in, he is likely to demand limits on Chinese goods increase too, so the west is really going to make electric vehicles and batteries and solar panels and a range of other products bought from China more expensive... how is that going to effect their current situation in regard to inflation etc.

We are likely not fully informed on the economic crisis in the NATzO west. The demented money printing from 2020 and before is hard to
explain as a coof response. I suspect the coof was motivated by efforts to manage a deeper economic crisis. The NATzO west is a
global scale economic parasite. The source of the nutrients it is sucking is the developing world and there has been a robust trend for
most of the world to develop at the expense of the parasite. This is reflected in the global GDP distribution with the once dominant
western countries now collectively in second place to BRICS states (and the rest of the world). The ramping of debt and mass migration
have been a GDP boost Ponzi racket for the last 30+ years. This is an indication of fundamental weakness in the parasite economies.
But even this Ponzi racket seems to be hitting diminishing returns even though migration is being amped up (e.g. Kanada is now importing
1.2 million per year when a few years ago it was around 400,000). The inflation is a measure of the decline. Of course, in Kanada and
elsewhere the official statistics are an utter lie. But look at your food bill and not the cost of various products.

We are at very high risk of global war. Economics is a central element in such wars and the NATzO west is in an existential crisis.

The West has missed its time - China will remain the leader, by Dmitry Kosyrev for RiaNovosti. 07.15.2024.

The magic of tradition is at work before our eyes, and on a global scale at that: the third plenum of the Central Committee of the Communist Party of China must be fateful, first of all from the point of view of the economy. The third is if we count it from the party congress, which in this case in the PRC was in 2022. Today, you will find in the global media space any number of references to how previously it was the third plenums that turned the economy around for years to come.

The current third plenum was expected last year - but it kept getting postponed. Then the commentators got really excited, started "appointing" its date themselves, citing their sources... But now the date has been officially announced - it starts on July 15. And a new stream of comments poured in.

What is happening and why on a global scale? There are several answers and several interested groups. Investors want to know where to put their money. Leftist ideologists, especially Russian ones, are waiting with bated breath to see which way the wheel will turn: to the right or, better yet, to the left — toward Chinese socialism.

But there is another answer: we are talking about decisions that may determine the fate of the entire planet for years to come. After all, this is the world's number one economy, which drives about a third of the world economy. In addition, we are talking about a country that has been attacked - in this case, by the United States - with the aim of at least seriously slowing down its growth. How will Beijing respond, how will it defend itself? Or - better yet - attack?

Information battles about whether China's economy is doing well or badly have been going on for several years now. Their pattern is standard: they pull out the facts and details that are needed. For example, some figures about youth unemployment or the problem of a wildly overheated construction market. They have sometimes started to cling to monthly data - why is exports falling? Beijing responds with general figures. For example, it was just calculated that foreign trade grew by 6.1 percent in six months (to almost three trillion dollars), with exports increasing by 6.9 percent.

There is also news about qualitative rather than quantitative indicators of the Chinese offensive on world markets: in the US, eight licenses for cooperation with China in the communications sector were revoked last year, and in total (since 2018, when the fight between the two economies began in earnest), 1,300 companies have lost such licenses. Meanwhile, China was the first in the world to test the 6G communications system, while the West is still fighting to ensure that no one buys 5G from its competitor. That is, it is obvious that those partners who work with China will receive clear competitive advantages over those who cooperate with the Westerners. And this particular fact says literally everything about what the battle for leadership in the entire global economy looks like now.

How serious is the West in this fight? It couldn't be more serious. For example, there is talk of a complete divorce of the world into two economies. But who will win then? "Under Biden, we have become more dependent on Chinese supplies than under any other president," the Republicans threaten at their latest conservative conference. They demand that ties be severed even more sharply, otherwise America is finished.

No one in America has announced a "third plenum" on the topic of where to steer the US economy. But the strategists of the future are arguing among themselves. Several administrations in a row have been chatting in vain about a turn to Asia, but in reality America has missed the time , got bogged down in European affairs, some say. How long can we "contain" China, others respond. Well, that is, for now, to contain the growth of the Chinese economy - yes, it is necessary, by any means necessary. But in addition to this, a clear goal should be set for decades to come - the fight against Beijing until complete victory , which requires the mobilization of resources and the restructuring of the economy of the entire West on a military footing.

This is the kind of fight, these are the stakes, and these strategists are expecting the third plenum precisely from the position of this dispute: will Beijing also mobilize its economy, transfer it to some kind of military rails to repel the threat?

When expectations from the plenum are so nervous, its result is simply doomed to disappoint. Including because the plenum's decisions may concern not so much the struggle for foreign markets as the improvement of the domestic situation. Which is understandable - in previous eras, China grew thanks to foreign trade, but now this has not been the case for several years: the key market is domestic (almost one and a half billion consumers).

In particular, experts cite a speech by the head of the Chinese government, Li Qiang, at one of the forums, where fiscal changes are described in some detail. They will concern the distribution of tax revenues between the center and the provinces, so that the regions do not restrain centralized investments in high technology with their sometimes overly risky entrepreneurial activities.

Are these serious steps? Quite. Especially if we recall the role of tax cuts in Donald Trump's economic policy (America, if not made great again, is at least noticeably richer) — and take into account what is happening in the US today in terms of taxes and money printing. Either way, with or without the plenum, China knows very well what kind of battle for leadership will be going on in the coming era, and it takes it very seriously.

https://ria.ru/20240715/kitay-1959592894.html

NATO Challenges Beijing, China Gives Surprising Response, by Dmitry Kosyrev for RiaNovosti. 07.20.2024.

If you are one of the two superpowers in the world and you receive a clear and specific challenge from the other superpower, essentially a threat to your existence, how do you respond? China did it in an unexpected and very Chinese way. It goes something like this: which of us is stronger is a question, but we are smarter and therefore we will win.

The issue is about what happened at the recent NATO summit in Washington. And about the "third plenum" of the CPC Central Committee that ended on Thursday, which was announced in advance by almost all world media as a fateful event for the entire world, not just for China.

The Westerners, we recall, first put Beijing ahead of Moscow , stating in the final declaration that the Asian power "challenges the interests, security and values ​​of NATO" and outlining several measures to remove this "threat." It is clear that the Chinese diplomats found the words to respond. But the world expert community was expecting a different answer, that is, the results of that very plenum - the third after the party congress, and traditionally dedicated to the economy. The fact is that words are words, but concrete steps are more serious.

Some people might have expected China's economy to be put on a war footing, with the nationalization of everything imaginable and a concentration of efforts on repelling the military threat, etc. But for the most part, expectations were different: what about finances, investments, etc.? The fact is that before that, an information war had been going on for months - around the idea that "China is slowing down and dying." Dying both because of the insane three-year quarantines regarding the virus, and because it was during this period that the US economic war against its global competitor escalated, with total restrictions on any high-tech exports from China to Western countries.

It should be said here that both the NATO summit and the Beijing plenum are just the latest episodes in the struggle for global leadership, and this struggle began back in 2018, with the first restrictions of the Donald Trump administration against the competitor's communication systems. And since then, the world has been watching every detail of this escalating battle. Which is understandable: the existence of almost all countries depends on it. It does not matter who is the first economy here and who is the second (the answer depends on the counting system), what is important is that each of them makes up about 18% of the world's GDP. And therefore, even seemingly purely domestic measures on the economy, in the PRC or the USA, affect literally everyone. This is important.

And what is even more important is that today each of the opposing sides is putting forward its own, already clearly established ideology of how tomorrow's world should be built. Moreover, each side is actively working to ensure that its ideology, its vision of the future, wins.

How serious are the intentions and stakes: they couldn't be more serious. The attacking side, the United States, believes that it's not about who is first or second here, but about a systemic crisis of the entire American project. And this is true, and this truth concerns not only the collapse and degradation of the political system, the confrontation between the two halves of society, and everything else. The fact is that the aforementioned 18% of global GDP is of different quality in the two countries. One of the latest examples: we recently learned that Russia entered the top ten countries that maintain a foreign trade balance with a surplus . The leader in this top ten, that is, in the world, is the country with the largest foreign trade volume, China. And the United States is not second or third here, they are also first, but in a completely different list - of countries trading with a deficit. And let's not forget who is the world's first producer (of goods, not services) and much more.

The answer to the question "what should America do" is given today, for example, by J.D. Vance, a candidate for vice president under Trump. His recipe for strategy is to rid the US of the Ukrainian crisis and European affairs, to focus on putting pressure on China, including militarily (with the help of Taiwan ), otherwise America will not be able to regain its production and technological advantage. True, Vance is just parroting what the entire Republican half of the country has been saying for years, while the Democrats, in their words and deeds, are a diluted version of the same doctrine. Such a simple doctrine: to save the US, we must put pressure on China. Economically, politically, whatever. To deploy everyone in the Western alliance for this fight, and to force even those who are not part of it to join in. This is a task for decades, requiring the full mobilization of all the forces of the nation, and not just it.

Now about the Chinese response to this challenge. Everything is subtle here and, as always, requires deciphering. Let us note that the "third plenum", closed to the public, did not make any spectacular statements at all; in its final document, it only confirmed the continuation of the course begun months ago. But even before the plenum, the Chinese expert community tried to explain the importance of the event.

First: no mobilisations and nationalizations, no military economy based on the principle of a closed camp, there will be no "back to Mao Zedong ". The course of supporting private business and reviving private initiative is confirmed. Further, from purely internal matters, the fiscal system will be changed in order to prevent provincial governments from playing around and getting into debt. But third and most importantly, the Chinese leadership confirms that it sees the ideal world for itself in exactly the opposite way than the US. And it will build it. But this is no longer their internal affairs, but ours too.

The American version of the world economy, and with it politics, implies the same besieged camp for the US and its allies. In this camp, decisions are made not based on their profitability, but with the goal of not letting China (and, of course, Russia and many others) into their markets. That is, this camp must win the competition with others, based on political and ideological expediency.

And China, like Russia, talks about the openness of the world. And here there is an ideological innovation, which is already several months old, but it was the "third plenum" that took it seriously. This idea sounds like this: China has made a historic leap from "peaceful coexistence" to a world of "common destiny". Let us add: all of us on this planet have also made such a leap, at least this is how the Chinese leadership sees the situation.

It doesn't matter who first came up with the principle of peaceful coexistence - People's Commissar for Foreign Affairs Georgy Chicherin in 1922 or Mao Zedong, negotiating with India in 1954. What is important is that in the past era, it was possible to talk about two or even more economic systems that could more or less live their own lives behind a blind fence, close or open up to each other, conduct ideological discussions, compete in technology and in anything... But now the economy is not that, it can function normally only with maximum openness of markets. Because even a market of one and a half billion people (India, China) is no longer suitable for a multitude of new goods and services, it must be larger.

A world of common destiny is a world that trades openly according to the same rules for all and without sanctions, and is multipolar, that is, respecting the differences in civilizations and political systems, where no one threatens each other. In fact, this is our world, and the Chinese concept of "common destiny" is in places literally similar to Russian foreign policy documents. Which is not surprising.

And the subsequent course of events will be surprising, when the Western bloc and the rest of the world will each create their own common or private destiny. And this competition will take more than one year.

https://ria.ru/20240720/kitay-1960720600.html

Uber and BYD enter global electric vehicle partnership, 08.01.2024.

The partnership will offer drivers affordable pricing and financing for BYD's electric vehicles on Uber's platform.

Reuters. Uber Technologies and Chinese automaker BYD on Wednesday announced a global partnership involving 100,000 electric cars for the ride-hailing platform.

The partnership, which will begin in Europe and Latin America, will offer drivers affordable pricing and financing for BYD electric vehicles on Uber's platform and will expand to markets in the Middle East, Canada, Australia and New Zealand, the companies said.

In Brazil, BYD has a partnership with the app transport company 99, Uber's rival.

Uber and BYD will offer drivers discounts on vehicle maintenance, charging, financing and leasing, depending on the market.

"When a driver makes the switch to an electric vehicle, they can provide up to four times more emissions benefits than an average driver simply because they're on the road longer," said Uber Chief Executive Dara Khosrowshahi.

The companies added that they will work together to integrate BYD vehicles with autonomous driving technologies into the app-based transportation platform.

Yandex Translate from Portuguese.

https://www.brasil247.com/mundo/uber-e-byd-firmam-parceria-global-em-veiculos-eletricos

China... making money AND saving the planet...

Compare this to the west which is imposing sanctions and tariffs and bullying others...

"It has not only survived, it has prospered": Chinese semiconductor industry prevails over the US, 08.23.2024.

Chinese semiconductor companies managed to turn around the restrictive measures recently imposed by the United States and recorded extraordinary profits.

According to analysts told the Global Times, Chinese semiconductor companies registered a significant increase in revenues and great progress in their self-sufficiency, despite a series of restrictive rules against them promoted in the so-called Chip Law in the United States, promoted by President Joe Biden in March 2023.

"Despite the harsh US sanctions of recent years, the Chinese semiconductor industry has not only survived, but has thrived. We have witnessed a significant growth in production capacity, especially in mature processes, with an increase in exports, especially to Southeast Asian markets such as Vietnam, Malaysia and Indonesia," Ma Jihua, a veteran observer of the telecommunications industry, told Global Times on Wednesday.

As reported by the Securities Times newspaper on Wednesday, of the 68 semiconductor companies that have published their first-half financial reports, 40 have registered a revenue increase of more than 50%. According to CITIC, 157 A-share companies are listed in China's semiconductor industrial chain.

In addition, according to official data, in the first seven months of 2024, Chinese chip exports reached 89,850 million dollars, 25.8% more than in the same period last year, which is a new record.

And the future looks promising for these companies, as Wang Peng, a research associate at the Beijing Academy of Social Sciences, told the Global Times that the domestic semiconductor sector is expected to remain in an upward cycle until 2025, driven by multiple factors, such as technological innovation, an uptick in market demand and policy support.

The expert noted that, worried about possible US sanctions, many Chinese companies have increasingly opted for chips made in China, which has expanded the market and significantly boosted the growth of the Chinese semiconductor industry.

"In the face of pressure, the Chinese semiconductor industry has not only withstood the challenges, but has also prospered, and has a strong momentum to grow faster in the future," the expert told the Global Times.

In March 2023, Joe Biden's government declared war on China in the semiconductor market, to slow down its technological advancement and in turn has made it a priority to ensure his country's leadership around those devices.

To achieve these objectives, on the one hand, the Biden administration restricted Beijing's access to the most advanced chips and at the same time is applying subsidies so that chip manufacturing returns to the United States and is also developed in allied countries.

Yandex Translate from Spanish.

https://noticiaslatam.lat/20240822/no-solo-ha-sobrevivido-ha-prosperado-industria-china-de-semiconductores-se-impone-ante-eeuu-1157001283.html

Expect Chinese chip output to roughly double between 2023-2026. They are spending tens or hundreds of billions of dollars building chip factories. So they will need to import as few of these chips as possible.

They have no one to blame but themselves... the Chinese and Russians have invested money in development and new technology and upgrading factories and tooling and training workers, while western companies got used to having a product that was in demand and spent their profits on shareholder bonuses and big pays for CEOs etc etc.

When times are good you don't piss away the money, you invest and upgrade and improve your competitiveness so when times are not so good at least your infrastructure isn't falling apart.

What the US needs to do is borrow borrow borrow and upgrade their roads and rail lines and air ports and bridges and buildings... get a first class infrastructure... because when they go broke at least they will have that.

Of course the construction industry in the US is more corrupt than the US MIC if that is even possible so throwing trillions at anything is just wasting money and time.

China achieves significant progress in chip production, 09.20.2024.

Shanghai Micro Electronics Equipment has filed a patent for lithography equipment, a crucial piece in semiconductor manufacturing that represents an important step towards China's self-sufficiency in this industry.

The Chinese company Shanghai Micro Electronics Equipment (SMEE) showed a significant breakthrough in the field of chip manufacturing, by filing its patent application for a lithography equipment that is essential for the industry, South China Morning Post reported.

This technology not only represents a significant step towards China's self-sufficiency in this sector, but it is also a sign of how Beijing is getting around US sanctions aimed at hindering its goals.

According to the outlet, the patent for "extreme ultraviolet radiation (EUV) generators and lithography equipment" was applied for in March 2023, although this was only disseminated last week. The document is still under review by the National Intellectual Property Administration of China.

The end of monopoly?

The patent is also an expression of SMEE's progress in extreme ultraviolet lithography (EUV), a field that is considered the weak point of this sector in China, given that semiconductors are necessary for the development of emerging technologies, such as artificial intelligence, which demands increasingly advanced products in this regard.

"Advanced extreme ultraviolet scanners are considered necessary for the mass production of semiconductors smaller than 7 nanometers, as they provide better production yields, in terms of the percentage of non-defective elements made in their manufacture," it is reported.

For its part, the company ASML, based in the Netherlands, currently has a monopoly on the mass manufacture of EUV lithography equipment, but the export of its products to China is prohibited by sanctions imposed by the US in 2019.

Thus, with the appearance of this proprietary technology in China, the distance separating that Asian nation from the United States and other leading semiconductor countries is narrowing, which should probably worry the authorities of each of them, who have been trying to avoid it for years.

Yandex Translate from Spanish.

https://actualidad.rt.com/actualidad/523227-empresa-china-avanzar-produccion-chips

China will be the world's largest chip exporter by 2030, 09.20.2024.

China, despite the obstacles of the United States and other Western countries, could become the world's largest exporter of microchips by 2030, predicted the president of the Chinese Public Diplomacy Association (CPDA), Wu Hailong.

"Although the United States and other Western countries, driven by their geopolitical interests, restrict, hinder and block China economically and technologically, they will not impede China's progress. On the contrary, this has become a catalyst for China's independent technological innovations," Wu said.

The CPDA expert stressed that Chinese-made microchips are currently one of the most important export products.
In the first half of this year, he emphasized, China exported chips for more than 500,000 million yuan (more than 70,000 million dollars), which is an increase of 26% in annual terms. According to his forecasts, China would become the world's largest exporter of microchips by 2030.

In October 2022, the administration of US President Joe Biden imposed restrictions on the export of equipment and components for the production of advanced chips in China. A year later, it further tightened its restrictions on chip exports to Chinese companies.

Washington changed the rules for the sale of artificial intelligence microchips to more than 40 countries to prevent re-export to China.

Yandex Translate from Spanish.

https://noticiaslatam.lat/20240920/china-seria-en-2030-el-mayor-exportador-de-chips-en-el-mundo-1157643977.html

Donald Trump understands everything about today's world. In the interview with Elon Munsk he told him that Biden and the Democrats committed something crazy since they created an alliance between Russia and China. That makes it a practically invincible block. And it's true. Because you combine Russian military, energy, scientific and aerospace power with Chinese economic and technological power. They have created a kind of super powerful corporation. There's no chance you can defeat something like that.
And there is no doubt that the Chinese are more intelligent, disciplined and talented than the majority of Europeans who are also losing people.

Kissengers plan was to repeat the cold war tactic of using China against the Soviet Union by getting Russia to defeat the Chinese, but it was already too late... too many bridges burned and just too obvious to everyone that the US and the west used China for cheap labour and to confront Russia and the Soviet Union and to now turn around and support Russia against China... Putin is not that stupid and could see the west just wanted to use Russia to damage China.

The west pivoted and has then decided to get India to fill the role of Russia to damage China and is rounding up its allies for AUKUS with Japan and South Korea to gang up on China too... a questionable force that is unlikely to succeed.

I mean the US and her bitches in the EU and G7 tried to break Russia and failed... their chances are less if they want to damage China, because Russia is going to help them there and I honestly think India is smart enough to not be used by the west in their self made feud against China. Ukraine was corrupt and easy to buy and they still think they are now part of the west fighting the evil Russkies, and Finland and Sweden have climbed on board too, but Georgia and Turkey and Hungary and now Slovakia are showing they are not stupid drones that do as they are told by anyone in the US.

Shame the west has so few people who can think independently... and will act in their own countries real interests.

"The White House is finding it harder to keep up its lies against Chinese electric cars", 09.24.2024.

The US government's attacks on Chinese electric cars continue through bans and tariffs; however, the arguments for such attacks are becoming increasingly difficult to sustain, according to an editorial in the Global Times.

US officials have unleashed a new campaign against Chinese electric cars, according to the Global Times in an editorial. This time they have begun to talk about avoiding a second "Chinese shock" that could affect American industry, as allegedly happened in the early 2000s.

The media reports that Lael Brainard, director of the National Economic Council of the United States, stated in a speech delivered on September 23 that in the early 2000s, the first "Chinese shock" harmed the American manufacturing industry, and that the current administration is determined to avoid a similar scenario.

In addition, he noted that if Americans decide to drive an electric vehicle, "we want it to be manufactured in the United States, not in China," he added.

On the same September 23, the US Department of Commerce proposed banning key Chinese software and hardware in connected vehicles on US roads, which, Global Times highlights, would be equivalent to banning the entry into the US market of virtually all Chinese vehicles, including cars manufactured in China by General Motors and Ford.

"The White House is finding it increasingly difficult to maintain its lies by attacking Chinese electric vehicles (EVs). According to Brainard, these undermine the position of the American automobile industry in the international market. However, the US Secretary of Commerce, Gina Raimondo, says that the suppression of Chinese EVs 'has nothing to do with trade or economic advantages', but 'it is a strictly national security action'," the editorial of the Chinese-born media outlet can be read.

The Global Times underlines that while these campaigns against electric cars are emerging, on the other hand, Western media are praising China's work to 'save the world' with its commitment to the implementation of green energies.

The Chinese-based media outlet cites two articles from Western media such as the New York Times and bne IntelliNews, which extol China's work to practically save the world from global warming by reducing its emissions levels by betting on green technologies, such as electric cars.

Finally, Global Times asserts that what China offers are not 'shocks', but opportunities and advances in organic production.

"For both the United States and the rest of the world, what China offers is not a ‘first shock’ or a ‘second shock,’ but repeated opportunities. In light of China's green production capacity, it is not the American car industry that is shocked, but the distorted mentality of certain individuals in the United States," it concludes.

Yandex Translate from Spanish.

https://noticiaslatam.lat/20240924/a-la-casa-blanca-le-resulta-mas-dificil-mantener-sus-mentiras-contra-los-autos-electricos-chinos-1157744017.html

China to lead investments in microchips despite US restrictions, 09.27.2024.

MOSCOW (Sputnik) — China will lead investments in the production of microchips in the world with more than 100,000 million dollars until 2027, with US restrictions as a backdrop, according to a study by SEMI, the international association of the guild.

"According to forecasts, China will maintain the position of the region with the largest investments in 300 mm production equipment (machines for producing microchips with wafers of that size) until 2027. Their investments in the next three years will exceed 100 billion dollars to guarantee the independence of the sector," says SEMI.

South Korea is in second place and will invest 81 billion dollars in three years. It is followed by Taiwan with more than 75 billion, the association projects. Global investments in equipment to produce microchips will amount to 400 billion dollars until 2027.

The South China Morning Post newspaper attributes the increase in demand for chips to excess production in the context of the economic war between the United States and China, and the advancement of artificial intelligence technologies.

In October 2022, the US government imposed restrictions on the export of equipment and components for the production of advanced chips in China. A year later, it further tightened its restrictions on chip exports to Chinese companies. In total, Washington changed the rules for the sale of artificial intelligence microchips to more than 40 countries to prevent re-export to China.

Yandex Translate from Spanish.

https://noticiaslatam.lat/20240927/china-liderara-las-inversiones-en-microchips-pese-a-las-restricciones-de-eeuu-1157821138.html

'More losses than profits': German car industry urges to avoid trade war with China, 10.03.2024.

The introduction of high tariffs on electric vehicles (EVs) from China, discussed in the EU, would be disadvantageous for the German producer Volkswagen, as it will cause more harm than good, a spokesman for that company told Sputnik. His opinion is shared by other manufacturers in the sector, such as BMW and Mercedes.

"In the current context of weak demand for electric cars in Germany and Europe, the European Commission's decision will be detrimental. The negative consequences of this decision outweigh any potential benefits for the European car industry and, in particular, for the German one," he said.

According to the interlocutor, the German consortium, which is experiencing a deep crisis, is open to challenges and growing competition on the international market and with China, something that in turn benefits the company's customers.

"Tariffs in general are not suitable to strengthen the competitiveness of the European car industry in the long term: we reject them (...) Free and fair trade and open markets are the foundation of prosperity, jobs and sustainable growth around the world," he explained.

The manufacturer's representative also confirmed recent German media reports that the company is urging Berlin to vote against the imposition of EU tariffs on imports of Chinese EVs.

"We hope that the German government will take a clear position on this issue," he added.

Two other giants of the German auto industry — Mercedes-Benz Group and BMW — also joined Volkswagen's stance and promised to put pressure on Berlin to vote against it.

"The EU should seek a negotiated solution with China instead of imposing tariffs. A 'no' vote by the German government would signal this and help avoid a trade war," said Mercedes-Benz CEO Ola Kallenius.

In turn, BMW CEO Oliver Zipse said that the additional tariffs will also harm European companies present in China and could provoke a trade conflict "from which no one will benefit."

For their part, the German authorities indicated that Berlin plans to abstain, rather than vote against.

On October 2, Reuters cited sources according to which EU countries could approve on October 4 the imposition of tariffs on imports of electric cars from China.

The tariffs will be introduced unless a qualified majority of 15 European Union countries representing 65% of the bloc's population voted against.

According to the outlet, France, Greece, Italy and Poland would vote in favor of tariffs of up to 45%, and their support "should be enough" to approve the project with tariffs. Together, they represent 39% of the EU's population.

The position of Spain, a former supporter of tariffs, "did not become clear" after Spanish Prime Minister Pedro Sanchez commented during his visit to China in September that the European Union should reconsider its position, The Business Times reported.

At the end of August, the European Commission reported that it had sent interested parties a final draft, according to which tariffs would range from 17% to 36.3% depending on the manufacturer. On an exceptional basis, the customs duties on Tesla products would be 9%. The tariffs will be definitively introduced no later than November 2024.

The Chinese Ministry of Commerce protested against these measures and repeatedly stated that the EU was intensifying trade disagreements, which could provoke a "trade war".

In particular, the agency pointed out that Brussels' methods are a model of protectionism, while Beijing remains firm in its determination to defend its legitimate interests.

Yandex Translate from Spanish.

https://noticiaslatam.lat/20241003/mas-perdidas-que-beneficios-industria-automotriz-alemana-insta-evitar-guerra-comercial-con-china-1157966569.html

Chinese scientists test THz wireless connection that brings 6G technology closer, 10.03.2024.

MOSCOW (Sputnik) — Chinese researchers have for the first time transmitted a video signal in the Terahertz (THz) frequency at a distance of 1.2 kilometers, bringing the technology closer to 6G connectivity, the CCTV television channel reported.

"For the first time in the world, a THz receptor was successfully used over a long distance," the outlet said.

Scientists managed to transmit a high-definition video signal at a distance of 1.2 kilometers, using the technology of THz carrier wave receivers. The experiment was carried out in the mountainous area of Tibet at an altitude of more than 4,000 metres above sea level.

Modern wireless transmission and signal processing equipment, for example, the 4G generation, works at high frequencies with speeds ranging from 0.5 to 100 gigabits per second.

To increase this parameter, scientists explore the THz band. Currently developed communications devices and wireless networks, such as 6G, can increase this value up to 1 terabit per second.

It is planned that THz waves will be used for mass data transmission or satellite communication. For this, methods are being sought to transmit the signals over long distances.

Yandex Translate from Spanish.

https://noticiaslatam.lat/20241003/cientificos-chinos-prueban-conexion-inalambrica-thz-que-acerca-la-tecnologia-6g-1157974004.html

"Europe hurt more than China": Will the EU impose tariffs on Chinese electric cars?, 10.03.2024.

The Oct. 4 vote on European Union tariffs on imports of Chinese-made electric vehicles could be postponed to allow for a new debate, said Boris Guseletov, director of the Political Studies Department at the Institute of Social and Political Studies of the Russian Academy of Sciences.

He added that if the vote is held, the position of Germany, which also has the support of Spain, is likely not to get the necessary majority.

"It is quite possible that the European Commission's proposal will receive support, because there is no majority among supporters of finding a compromise with China. The geopolitical situation puts a lot of pressure on the Europeans, who cannot lose face in a dispute with China, although there are still some options to discuss and find a compromise solution," the expert predicted in an interview with Sputnik.

He also suggested that there was a certain influence from Washington that, before the vote, would have put pressure on Brussels secretly and through diplomatic channels. Given the tense relations between the US and China, the American side wants to see the EU as a partner.

"China is the main irritant for the US and its main economic and political opponent, and the EU's position of solidarity with them at the moment is very important for the Americans. They are aware of the political importance of the vote and China's role and influence on the electric car market in Europe," the analyst added.

According to Guseletov, once the restrictive measure against China is approved, Beijing will soon take its own retaliatory mechanisms, which would harm the EU.

"An EU decision involving a confrontation will undoubtedly provoke symmetrical countermeasures on the part of China. As a result, Europe will be hurt more than China," he stressed.

In particular, China is considering imposing trade restrictions on brandy, dairy products and pork from the EU, therefore, France, Ireland, Austria, Belgium, Italy, Croatia, Finland, Romania, Czech Republic, Spain and the Netherlands would be affected, the expert said. However, the greatest damage could be suffered by Germany.

"Germany could lose a large segment of the Chinese car market if the European Commission still manages to carry out the anti-China decision, which will enter into force within a month, that is, on November 4. German carmakers rely on China for almost a third of their sales. The prospect of additional tariffs in the EU prompts Chinese manufacturers to more actively seek new sales markets and partners to invest in production facilities in Asia and Africa," he explained.

On October 4, EU countries will vote on the final import tariffs on Chinese electric cars. At the end of September, the European Commission presented the draft that provides for tariffs between 17% and 36.3%, depending on the manufacturer. In addition, according to some media, the final project could include fees up to 45%.

The decision will be taken as adopted if 15 countries support the project. Thus, France, Greece, Italy and Poland are among those who would vote in favor of imposing higher tariffs. For example, French President Emmanuel Macron supported the European Commission's position, calling it not protectionism, but allegedly "creating a level playing field" in the market for European producers.

Meanwhile, Germany's position is different. German Chancellor Olaf Scholz said he hopes to reach a compromise with China in the trade conflict. He assured that the EU's reaction should not cause Europeans to be affected, so negotiations with China should continue.

In turn, German Finance Minister Christian Lindner lashed out at the EC's decision. He claimed that the trade war with China would hurt Germany itself more than it would benefit European industries. In addition, the German Vice chancellor and Minister of Economy and Climate Protection, Robert Habeck, advocates a political resolution of the conflict.

Among the opponents of the measure is the Volkswagen Group. According to the company, the negative consequences of this measure would outweigh any perceived benefits for the German car industry.

On July 4, the EC imposed temporary provisional countervailing duties on imports of electric vehicles from China. The decision was taken after the investigation that Brussels carried out in June on subsidies to manufacturers in this sector and those that it described as unfair. Beijing expressed concern about the Brussels investigation into Chinese electric vehicles, indicating that it is an act of trade protectionism.

Yandex Translate from Spanish.

https://noticiaslatam.lat/20241003/europa-mas-perjudicada-que-china-impondra-la-ue-aranceles-a-los-automoviles-electricos-chinos-1157969965.html

I am posting this here because it shows the US neocons are planning to pivot to try to salvage the damage to the EU by allowing Russia back into the game in the hopes to lure it away from China... they are of course delusional.... Russia does not benefit from a strong EU because the EU continues to be the lapdog of the US and also a large portion of HATO...

It is crazy that Pompeo might think Russia will just forgive all the damage the west and the US has done to the Ukraine and to Russia... just to make a little money and to try to defeat Russia and make it collapse militarily and economically...

This guy is an idiot.



But it shows they think the real enemy is China and are afraid of facing China on their own because the EU was broken trying to damage Russia.

I am sure Russia is going to enjoy Chinas growth with cheap relatively clean energy (gas) to help their economy grow and expand and to supply food and other resources to help them and other countries outside the west grow and develop.

EU Tariffs to Affect 31% of Chinese Electric Car Export - China's Customs Service, 10.05.2024.

MOSCOW (Sputnik) - The new duties that the European Union plans to introduce on electric vehicles imported from China will affect almost 31% of all Chinese exports of such vehicles, Sputnik has calculated based on data from the Chinese customs service.

In the first eight months of 2024, China exported to the EU electric vehicles worth $8.5 billion which is 30.8% of the total Chinese export volume, the customs service showed.

Belgium remained the largest buyer of Chinese electric cars in January-August 2024 with its purchases reaching $4.7 billion, which is almost 55% of all deliveries to the EU. Germany took second place, buying electric cars for $1.19 billion (14%), while Spain came third with $1.06 billion (12.5%).

Next came Slovenia with $697.4 million (8.2%), Sweden with $283.2 million (3.3%), the Netherlands with $261.9 million (3.1%), Italy with $104.6 million (1.2%). France ($89.5 million), Poland ($58.8 million) and Romania ($16.8 million) rounded out the top ten.

The largest increase in China's electric vehicles purchases over the year was seen in Cyprus (by 21.9 times up to $1.5 million), Luxembourg (by 21.8 times to $7.5 million) and Estonia (by 12.9 times to $5.9 million). Imports to Ireland also increased significantly - by 5.3 times to $7.8 million.

The European Commission said on Friday that EU countries voted to impose hefty tariffs on China-made electric cars, citing what it referred to as unfair Chinese subsidies. Brussels and Beijing will continue seeking an alternative solution to the dispute, with the final decision due on October 30.

The China Chamber of Commerce to the EU urged the EU to prioritize negotiations over tariffs and argued in favor of multilateralism and free trade within the green economy.

https://sputnikglobe.com/20241005/eu-tariffs-to-affect-31-of-chinese-electric-car-export---chinas-customs-service-1120427036.html

Trade war with China puts entire European economy at risk, by Olga Samofalova for VZGLYAD. 10.06.2024.

Europe is desperately defending itself against the influx of cheap Chinese electric cars and is ready, as they say, to enter into an "economic cold war" with China. The paradox is that this will endanger the industry of the most developed European countries. China has a whole range of weapons in this war that are extremely dangerous for Europe. What are we talking about?

EU countries supported the European Commission's initiative to impose high duties on Chinese electric cars for as long as five years. Ten member states voted for the introduction of duties, five voted against, and 12 abstained. To block the EC initiative, 15 member states had to vote against. But this did not happen.

Now the EC has a free hand: in 30 days it can publish a legal decision on the adoption of duties, or propose a new version of duties or agreements. That is, China and the EU have a month to resolve the issue amicably. However, negotiations on this matter have been going on for a long time, but without result. Therefore, the chances of changing the situation are small.

The EU already has a 10% duty on Chinese electric cars. But the EC wants to increase it. The size of future duties will depend on the brand. China's BYD will be subject to a 17.4% duty, Geely to 19.9%, and SAIC to 35.3%. Companies that cooperated with the investigation but were not included in the sample will be subject to a weighted average duty of 20.8%.

The trade conflict could be the biggest between the economic superpowers in a decade, with Hungarian Prime Minister Viktor Orban calling it the EU's entry into an "economic cold war."

All attempts by China to negotiate peacefully with the EU have failed. Beijing has already begun to prepare retaliatory measures against Brussels. In particular, it threatens to impose duties on EU brands, as well as restrictions on European pork and dairy products. China has launched a special investigation into these products in order to have legal grounds to impose high duties on imports from the EU.

Why is the European Union unhappy with Chinese electric cars? Their production is in line with the dominant "green agenda" in Europe and plans to abandon the use of fossil fuels. The European Union must completely abandon cars with internal combustion engines and switch to electric cars by 2035. Local automakers must leave only electric cars in their lineups for Europe, and cars with traditional engines can only be produced for export. It would seem that China's help in the transition to electric cars and in the fight against the growth of emissions into the atmosphere should be welcomed.

However, Chinese manufacturers are rapidly conquering the European car market. That is why the EC launched an investigation into electric cars from China in October 2023 on suspicion of state subsidies. In fact, we have a legal way to oust competitors from the market.


Over the past three years, the share of electric cars from China sold in the EU has grown from 3% to more than 20%. At the same time, Chinese brands themselves (BYD, Geely, SAIC) have occupied only 8% of this market share, and the rest belongs to international companies exporting their electric cars from China, including Tesla.

China does not want to lose the European market. There is indeed a large demand for “clean” cars there – and it will grow given the “green agenda”. Moreover, China has essentially created an electric car manufacturing industry largely for export. Now it is under threat. Europe has already introduced temporary additional duties on Chinese electric cars in August – and sales have fallen by 48% to an 18-month low.

“First of all, EU countries are trying to protect their own domestic market from Chinese electric vehicles, which are winning price competition with European manufacturers and gaining an ever-increasing market share.


The EU believes that the Chinese are winning the competition thanks to government financial incentives for this industry. However, this is not the only issue. The EU has seen a sharp increase in the cost of energy and electricity, which has led to increased production costs and higher car production costs,” says Vladimir Chernov, analyst at Freedom Finance Global.

The European Union, in its blind pursuit of ecology, has itself rushed to abandon cheap traditional energy resources, including Russian gas, letting down its own industrialists. A number of companies even want to move their factories to the United States or to China. Instead of subsidies, electric vehicle manufacturers in the EU have received increased costs.

“If the EU levels price competition or even makes Chinese electric cars more expensive, then the first to benefit will be local electric car manufacturers, as well as those Chinese models that are produced in the EU,” says Chernov.

However, some European countries will suffer, first and foremost Germany, which voted against the tariff increase for good reason. China's retaliatory strike (a similar tariff increase) will hit European alcoholic beverages, as well as pork and dairy products. In this regard, the country that is ready to supply pork and dairy products to China, i.e. Russia, may win.

Beijing is unlikely to limit itself to a blow to European farmers. "China's retaliatory measures in the future may be mirrored. In this case, sales of European cars in the Celestial Empire will decrease and such European manufacturers as Volkswagen, Mercedes, BMW, Audi will suffer," says Chernov.

Another important point is that electric cars produced in the EU depend on Chinese batteries. And there is no guarantee that one of China’s retaliatory measures will not be a decision to significantly increase their prices. “The EU depends on materials from China used in “green” technologies. China dominates the market for these materials. This is one of the reasons for trade disagreements between the countries,” says Oksana Kholodenko from BCS World of Investments.

It was German automakers VW, Mercedes-Benz and BMW that pressured Berlin to vote against the tariff hikes and called on the EU to negotiate with Beijing. For German cars, the loss of the Chinese market could be critical. China accounts for a third of their sales in 2023.

"Today's vote is a fatal signal for the European automobile industry," said BMW CEO Oliver Zipse. "A quick solution through negotiations between the European Commission and China is now needed to prevent a trade conflict that would otherwise only lead to losers," he stressed.

"From an industry perspective, the German economy could be hit the hardest in Europe. China is moving away from its status as Germany's key trading partner," says Kholodenko. Germany has always been the industrial backbone of the entire European economy, but has been in decline for the past two years. This year, the German Institute for Economic Research predicts a 0.1% decline in the country's economy. The reasons cited include the mistakes of a too-rapid transition to green energy, the rejection of nuclear energy and cheap Russian gas. The transition to electric cars also leads to a decline in the production of gasoline engines.

Therefore, the entire EU economy may suffer as a result. "The announced set of measures is quite narrow. Despite this, there is a clear pressure factor on the Eurozone economy, which is close to stagnation. The countries that may suffer the most in the region are those oriented towards export: Germany, the Netherlands, Italy," Kholodenko concludes.

https://vz.ru/economy/2024/10/6/1290755.html