China news roundup / Nachrichten 2024-04-07/08

21 days ago

US will push China to change a policy threatening American jobs, Treasury Secretary Yellen says

"“China is now simply too large for the rest of the world to absorb this enormous capacity. Actions taken by the PRC today can shift world prices,”"

--- Actions taken by China in the last 20 years have shifted world prices. A bit late to come to this realisation.

"More than a decade ago, the treasury secretary said, a flood of “below-cost Chinese steel ... decimated industries across the world and in the United States. I’ve made clear that President Biden and I will not accept that reality again.”"

--- If it had only been steel... Anyway, the problem is that even after the US started to realise the aggressive industrial policies of China, the reactions by the Biden admin are at best half-hearted. & therefore, nothing will change.

s.a.: U.S. ready to sanction Chinese banks if they aid Russia’s war machine, Yellen says
s.a.: Yellen says she won’t rule out possible tariffs on China’s green exports

EU and US push China to help them write big new climate check

"Wealthy countries are required to pay in, but China, under the terms of the 1992 U.N. climate treaty, is not.
[...] But Chinese taxpayers have grown wealthier in the three decades since that initial climate treaty. Meanwhile, China has become by far the largest single source of pollution and the third-largest climate change contributor of all time behind the U.S. and EU."

--- I mean, who could have anticipated that China's economy would actually grow over time, right? & that's not the only agreement which gives China advantages because it was once dirt poor.

"A group of European climate envoys will be in Beijing on Monday seeking potential answers to those questions. According to one European official, the envoys — who hail from Germany, France, Denmark, the Netherlands and the EU — are angling for “much greater transparency” from the Chinese on their current financing to poorer countries, according to one European official."

--- Transparency. From China. Good one.

'Shrouded in secrecy': Sweden expels Chinese journalist

"The woman was arrested by Sweden's security services in October.
She has a residency permit and was married to a Swedish man, having arrived in the country two decades ago. The pair have children, according to SVT.
The woman has contacts with the Chinese Embassy and with people in Sweden connected to the government in Beijing. "

--- If you ever wondered why China considers foreign journalists enemies of the state...
It's because Chinese journalists abroad are actual assets of Chinese secret services.

cf.: Information on the detained Chinese journalist to be deported from Sweden

China property giant Shimao faces winding-up case

"State-owned China Construction Bank (Asia) filed the petition in Hong Kong over Shimao's failure to repay loans worth HK$1.58bn ($201.8m; £159.7m).
It is rare for a Chinese bank to take such legal action against one of the country's developers. Similar cases against other property firms were launched by overseas-based creditors."

--- Which means that the bank got the green light from the CCP. Which also most probably means there will be no bail-out.

European arms manufacturers have warned of dependence on Chinese cotton, which is needed for shells

"According to Armin Papperger, executive director of the Rheinmetall concern, Europe receives more than 70% of its cotton lint from China."

--- Gosh, in what happy-ever-after world have European politicians lived in the last 30 years? By now, we have to be surprised that they have not outsourced the entire weapons industry to China or Russia.

Regretting coming to US, some illegal Chinese immigrants return home

"Wang's friend, Liu Ming, from Sichuan Province, came to the United States in the second half of 2023. Liu, 31, first stayed in Los Angeles for a month or two and then moved to New York to find work. After a long wait, he found a job working for a Chinese boss, but the pay wasn’t good.
In January, Liu's boss refused to pay him, so he had no choice but to call the police. After receiving his salary the following day, Liu immediately went to the airport, messaging Wang: "I'm at the airport now and about to go back to China. I don't like it here. See you again if destiny has it.""

--- Moron. Going to the USA, only to let himself be exploited by another Chinese...

--- China Uncensored: "China and India Are Headed Somewhere Bad..."

--- CNBC: "'No concessions' to be won by Yellen's visit to China, says AEI's Derek Scissors"

--- CNBC: Treasury Secretary Janet Yellen: Won’t rule out possible tariffs on China’s green exports

--- DW News: US and allies hold joint drills in South China Sea

--- France 24: Russia's foreign minister arrives in China to talk Ukraine, Asia-Pacific

USA beklagen "Exportflut" aus China

""Wir haben diese Geschichte schon einmal erlebt", sagte sie vor Journalisten in Peking. Vor mehr als einem Jahrzehnt habe die massive Unterstützung der chinesischen Regierung dazu geführt, dass billiger Stahl aus der Volksrepublik den Weltmarkt überschwemmte. Das habe in der US-Industrie viele Jobs vernichtet. "Ich habe deutlich gemacht, dass Präsident Joe Biden und ich diese Realität nicht noch einmal akzeptieren werden""

--- Die USA haben das 20 Jahre lang akzeptiert. Warum sollte China derartig schwachbrüstige Ansagen ernstnehmen?

"Konkret wurde Janet Yellen allerdings nicht."

--- Weil die Regierung Biden nunmal auch nur aus Weicheiern besteht.

Bundesregierung wirft Temu manipulative Kaufanreize vor

"Die Bundesregierung pocht auf konsequentes Vorgehen gegen den chinesischen Onlinemarktplatz Temu wegen des Vorwurfs manipulativer Kaufanreize."

--- Man pocht darauf. Aber selber tun will man lieber nix.

"Darüber hinaus sei ein umfassendes Vorgehen gegen manipulative oder süchtig machende Praktiken bei digitalen Angeboten nötig. Die Verbraucherschutz-Staatssekretärin sprach sich für ein grundlegendes Prinzip „fair by design“ aus. Dabei sollen Behörden einen digitalen Fitness-Check durchführen. „Hierfür setzen wir uns als Bundesverbraucherschutzministerium bei der Überprüfung des Europäischen Verbraucherschutzrechts ein.“"

--- Ah ja, konsequentes Nichthandeln.

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