Now, China has the money - the biggest pile of dollars in the world. And soon it will have the most powerful economy. It won’t be too much longer before Chinese leaders will want to throw their weight around.
May 13th, 2008 | Bill Bonner | 8 comments | ContinuedAll Posts Tagged With: "china"
Wage Pressure in China to Drive Up Cost of Goods in Australia
Wage pressures in China may finally be driving up the price of Chinese exports… and signaling an end to the long period of disinflation in manufactured goods. Your white goods may start to get more expensive. But who knows? That is the one element we neglected to include in our analysis of the Aussie-China relationship last week. Both economies are running at near capacity.
April 21st, 2008 | Dan Denning | 0 comments | Continued
Terms of Trade Driving Runaway Australian Inflation
“Terms of trade” is one of those terms of the trade that gets throw around by economists all the time. But what does it mean? The simple definition is this: it’s the ratio between export prices to import prices. If you get more for what you sell and pay less for what you buy, your terms of trade improve. And guess what people? Thanks to this particular moment in history, Australia gets a lot more for what it sells and pays a lot less for what it buys (except for crude oil).
April 18th, 2008 | Dan Denning | 9 comments | Continued
Australia & China: Already Partners in the Commodity Boom
Australia and China are already joint venture partners in the commodity boom. But if China is suggesting a government-to-government relationship over resources and not a market-to-market relationship, well that’s different kettle of fish altogether isn’t it? Is it a proposal? A suggestion? Or an indication of how China would like things to be in the future, in order to remain a reliable customer for Aussie resources? The current system, of course, is the share market.
April 15th, 2008 | Dan Denning | 10 comments | Continued
Chinese Foreign Mining Acquisition Equal to All of 2007
Spot coking coal (steel marking) prices have quadrupled in the last 12 months, and in the last two months they’ve doubled. The value of announced cross-border Chinese foreign mining acquisitions so far this calendar year…
April 14th, 2008 | Dan Denning | 0 comments | Continued
Rumours Swirl Over Chinese Equity Stake in BHP Billiton
The rumour in the Australian that China Inc. is prepared to spend up to $22 billion to secure a 10% equity stake in BHP Billiton (ASX: BHP) remains just that, a rumour.
April 11th, 2008 | Dan Denning | 4 comments | Continued
Unshakable and Powerful China Has Succumbed not to Recession but to Nature
“Many trees have fallen… and the electric lines are down. It is as if we had suffered an aerial attack or lost a battle. This is a terrible disaster. We’re hungry and cold.”
March 5th, 2008 | Bill Bonner | 0 comments | Continued
China Added More to Global Economic Growth in 2007 than the United States
“China added more to global economic growth in 2007 than the United States. That’s the first time a country other than the U.S. pulled the bulk of the global economic sled since at least the ’30s.”
February 14th, 2008 | Bill Bonner | 1 comment | Continued