Is China in trouble...

[Harpy Eagle]

Analysis: China's new 2029 reform goal shows Xi Jinping is worried

New target might also be a gambit to help a decoupled China emerge strong

asia.nikkei.com

The Chinese Communist Party's key four-day meeting last week disappointed much of the global audience that was expecting major policy initiatives designed to right the ailing economy in general and the prolonged property crisis in particular.

This expectation went unmet.

The third plenum of the party's 20th Central Committee ended with few newsworthy economic announcements; there was a politically noteworthy move, however.

A communique was issued Thursday and the full text of a resolution on "further deepening reform comprehensively to advance Chinese modernization" came on Sunday. In them, the Central Committee, led by party General Secretary and Chinese President Xi Jinping, suddenly declared that it has set a new goal of completing its reform effort by 2029.


They added a new "5 year plan", and the reasons why are what people are wondering about.

Then there is this...

The five-year roadmap, however, allows for two completely different interpretations. Some pundits see it as a tactic Xi is employing to extend his rule beyond 2027, while others see it as a gambit that would put China in a position of strength should the U.S.-China decoupling accelerate during a possible second Donald Trump presidency.

Interesting times we are living in.

 

[shockedcanadian]

Analysis: China's new 2029 reform goal shows Xi Jinping is worried

New target might also be a gambit to help a decoupled China emerge strong

asia.nikkei.com

The Chinese Communist Party's key four-day meeting last week disappointed much of the global audience that was expecting major policy initiatives designed to right the ailing economy in general and the prolonged property crisis in particular.

This expectation went unmet.

The third plenum of the party's 20th Central Committee ended with few newsworthy economic announcements; there was a politically noteworthy move, however.

A communique was issued Thursday and the full text of a resolution on "further deepening reform comprehensively to advance Chinese modernization" came on Sunday. In them, the Central Committee, led by party General Secretary and Chinese President Xi Jinping, suddenly declared that it has set a new goal of completing its reform effort by 2029.


They added a new "5 year plan", and the reasons why are what people are wondering about.

Then there is this...

The five-year roadmap, however, allows for two completely different interpretations. Some pundits see it as a tactic Xi is employing to extend his rule beyond 2027, while others see it as a gambit that would put China in a position of strength should the U.S.-China decoupling accelerate during a possible second Donald Trump presidency.

Interesting times we are living in.

If Trump wins, China is going to have to accept lower growth and start investing in the U.S and/or consuming U.S products.

Will there be tens of millions of dark money behind Harris? Of this I have little doubt even if their campaign doesn't realize the source of the funds.

 

[Harpy Eagle]

If Trump wins, China is going to have to accept lower growth and start investing in the U.S and/or consuming U.S products.

They already consume a great deal of our Ag products, if Trump fucks around again that will change for good and the American farmer is screwed.

The top 5 markets for U.S. agricultural exports accounted for 64 percent of the total value of U.S. agricultural exports in fiscal year 2023. Exports to China were the largest share at $33.7 billion, followed by Mexico at $28.2 billion and Canada at $27.9 billion.

China has been busy helping to build up the infrastructure in places like Brazil and Peru and other places that grow soy beans and other products ...preparing for a time such as what you describe.

 

[John Edgar Slow Horses]

as long as we sustain their agricultural needs, the Chinese will pull through OK and our famers will make good profit.

Let Trump crawl back in, and he will blow it up.

 

[Hellokitty]

They already consume a great deal of our Ag products, if Trump fucks around again that will change for good and the American farmer is screwed.

The top 5 markets for U.S. agricultural exports accounted for 64 percent of the total value of U.S. agricultural exports in fiscal year 2023. Exports to China were the largest share at $33.7 billion, followed by Mexico at $28.2 billion and Canada at $27.9 billion.

China has been busy helping to build up the infrastructure in places like Brazil and Peru and other places that grow soy beans and other products ...preparing for a time such as what you describe.

The higher AG exports means higher US prices for food by inflating the market price.

 

[Harpy Eagle]

The higher AG exports means higher US prices for food by inflating the market price.

No, it does not. It actually keeps prices down as our farmers grow so much more than we could ever use ourselves.

Lost those exports and they will all start to produce far less, increasing the cost over time.