So Now that China have got us by the goolies

[Adrian W]

Their putting the squeeze on, interesting to see if we fight back

http://www.bbc.co.uk/news/world-asia-pacific-11584...

[JMGS4]

First, Stop all development aid!!! then refuse to buy chinese dumping shabby slave trade products!

[fido]

So it's their mineral resources? They don't tell us what we can or can't export, or by how much?

[MKnight702]

Shock horror, market forces at work.

Other countries have these rare earths but closed their mines as China was cheaper, if China cuts exports prices will rise and these mines will reopen and people will have to pay more for products that use these materials. Simples.

[Digga]

The Chinese are running out of friends in the USA at a rapid rate. Political figures calling for trade barriers are becoming more concerted.

At the end of the day, although politicians in the UK and Europe (and Japan and South Korea for that matter) are outwardly less bullish and aggressive in these matters, eventually they may be pursuaded otherwise.

China is already at odds with most free market opinion, iwth regard to its artificially weak (thereby helping exports) currency, this puts them further into the 'wrong', or is perhaps an 'insurance' for the relative appreciation of their currency if US and UK attempts at devaluation (i.e. QE) succeed - that if Chinese exports of chepa tat reduce, then some of the loss can be defrayed by higher mineral prices. The Chinese unelected goverment know they will have a proper revolution on their hands if the newly affluent and aspiriing to be affluent classes see the economy shrinking.

[Adrian W]

JMGS4 said:

First, Stop all development aid!!! then refuse to buy chinese dumping shabby slave trade products!

That'll work for me, hang on We're dependent on them for raw materials,

[AJI]

I think it further shows just how clever the Chinese are at understanding the world economy. Not bad for a non-western state.
And I think the headline grabbers in the west like to stir up anti-chinese opinion with regards to this.

As mentioned the USA are always complaining about the chinese currency, but surely the chinese are allowed to protect their interests just as the american 'protect' their interests in the middle-east.

I am becoming more and more aware of the 'tit-for-tat' nature of global politics. It seems to me that the dodgey capitalist model of the west of late is stirring up a lot of anti-chinese 'stories' and 'news'.

Just my opinion by the way.

[HardToLove]

I think your correct Aji

[BOR]

This is more an issue of China requiring that products sold in China have an increasing amount of locally soured added-value. You can have the raw materials from China's mines, but they want you to produce the end-product in China and then exporting it, which clearly earns them a lot more.

(I'm thankfull that we still have our working coal mines and are not dependent on Russian gas being piped through "emotional" countries. Oh..wait..)

[JagLover]

fido said:

So it's their mineral resources? They don't tell us what we can or can't export, or by how much?

True up to a point

But they drove all competitors out of the market by dumping and are now seeking to exploit their monopoly position. Restricting their exports is an act of commercial aggression.

[JagLover]

BOR said:

This is more an issue of China requiring that products sold in China have an increasing amount of locally soured added-value. You can have the raw materials from China's mines, but they want you to produce the end-product in China and then exporting it, which clearly earns them a lot more.

Which might be a valid point if the Chinese were primarily a commodities exporter, like the Australians, rather than one of the worlds leading manufacturing exporters.

[HardToLove]

What nonsense! Free market my friend & from the socialists Lol

[BOR]

Capitalism - It can be such a at times.

[Adrian W]

Maybe it's time Tesco and DSG sourced products localy, just to maintain security of supply you understand.

[Digga]

AJI said:

I am becoming more and more aware of the 'tit-for-tat' nature of global politics. It seems to me that the dodgey capitalist model of the west of late is stirring up a lot of anti-chinese 'stories' and 'news'.

Just my opinion by the way.

I was/am very suspicious about the way the Toyota recals were dealt with by the press, especailly in the USA.

Like Ford or GM never had any issues...

And don't get me started in Renault and their faulty bonnets...

[Shay HTFC]

JagLover said:

fido said:

So it's their mineral resources? They don't tell us what we can or can't export, or by how much?

True up to a point

But they drove all competitors out of the market by dumping and are now seeking to exploit their monopoly position. Restricting their exports is an act of commercial aggression.

They are playing the game because they can. That's capitalism.

[JagLover]

Shay HTFC said:

JagLover said:

fido said:

So it's their mineral resources? They don't tell us what we can or can't export, or by how much?

True up to a point

But they drove all competitors out of the market by dumping and are now seeking to exploit their monopoly position. Restricting their exports is an act of commercial aggression.

They are playing the game because they can. That's capitalism.

Not really

It is Mercantalism

In a free market their currency would have risen some time ago and rival producers of exotic metals wouldn't have been driven out of business by dumping.

[Fittster]

JagLover said:

Shay HTFC said:

JagLover said:

fido said:

So it's their mineral resources? They don't tell us what we can or can't export, or by how much?

True up to a point

But they drove all competitors out of the market by dumping and are now seeking to exploit their monopoly position. Restricting their exports is an act of commercial aggression.

They are playing the game because they can. That's capitalism.

Not really

It is Mercantalism

In a free market their currency would have risen some time ago and rival producers of exotic metals wouldn't have been driven out of business by dumping.

How can states using QE complain about China manipulating it's currency?

[Digga]

Fittster said:

JagLover said:

Shay HTFC said:

JagLover said:

fido said:

So it's their mineral resources? They don't tell us what we can or can't export, or by how much?

True up to a point

But they drove all competitors out of the market by dumping and are now seeking to exploit their monopoly position. Restricting their exports is an act of commercial aggression.

They are playing the game because they can. That's capitalism.

Not really

It is Mercantalism

In a free market their currency would have risen some time ago and rival producers of exotic metals wouldn't have been driven out of business by dumping.

How can states using QE complain about China manipulating it's currency?

Perhaps beacuse, in part, China's refusal to float their currency necessitates devaluation or death for developed nations?

[JagLover]

Digga said:

Perhaps beacuse, in part, China's refusal to float their currency necessitates devaluation or death for developed nations?

Indeed

Just as the Great Depression was not caused merely by the wall street crash and had its roots in the imbalances built up as a result of the 1st world war and accompanying issues such as reparations.

The 'great recession' had its roots in the imbalances built up over the past decade before the crash.