#China 🇨🇳 | ​Global Manufacturing | Global Market

[xtruss]

Global Times: When The West Talks About China's Change, What Do They Fear?

— August 24, 2023

Out of touch with reality. Illustration: Liu Rui/Global Times

The world we live today is the world in which the West has been expanding for 500 years, but the Global South, represented by China, is on the rise.

However, the West's expansion and Global South's emergence are not going to integrate in a silky-smooth transition, especially for the West - it is entering this change with a deep affection and attachment to its 500 years of expansion.

On Tuesday, German Foreign Minister Annalena Baerbock expressed her feelings in a virtual speech to the Lowy Institute, an Australia think tank: "Increasingly, China is a rival - when it comes to the very fundamentals of how we live together in this world.

"China has changed, and that's why our policy toward China also needs to change," she added.

If we look at the changes in US and Western policy toward China based on the so-called change of China, described by Baerbock, what we see is a China that is seemingly like the West of 500 years ago - full of drive for global exploration, expansion, and colonization, and unafraid to use military power as a precursor to unifying the wealth and faith of the world under the banner of Western civilization

However, China's "change" in Baerbock's description is filled with the Western imagination.

Over the past four decades of its reform and opening-up, China has followed a path of peaceful development. At the core of China's change is the modernization of a home to one-fifth of the world's population, fundamentally altering global development and our way of living together.

China's change is not a result of failing to respond to the abrupt changes in the tide of globalization. On the contrary, Chinese enterprises that have been or are on the verge of leading the world are all advancing in the market economy.

The West looks at China's change with fear, because they are not willing to fully give China the world status it deserves, including China's position in the global manufacturing and the global market.

One example is the West's treatment of electric vehicles produced in China.

In a recent interview with the Telegraph, a senior British government official said, "If it is manufactured in a country like China, how certain can you be that it won't be a vehicle for collecting intel and data?"

Jim Saker, president of the Institute of the Motor Industry, put it more sinisterly and told The Times that "the threat of connected electric vehicles flooding the country could be the most effective Trojan horse that the Chinese establishment has."

The backdrop to this concern is that China has become the world's largest producer of electric cars, with surging exports knocking on the doors of the US and Europe.

All products related to the internet and AI technology undoubtedly face information security concerns. But highlighting the ideological attributes of this issue, rather than addressing it realistically through legal provisions that are consistent with a market economy, is clearly contrary to the order emphasized by the West, and underscores the fact that this so-called order, which is used to bash China, is in fact self-serving, narrow-minded and conservative.

In the final analysis, it is evident the West can't accept the challenge posed by China's change, and still recognizes in its bones that China can only be inferior to the West as a follower, rather than a leader.

China is changing, the Global South is changing, and such changes are bound to touch Western interests. If the West pushes China to the hostile side because of their inability to accept such changes, in the end, China will not be the only one facing difficulties and challenges.

Whether the West is willing to share the order they have built over the past 500 years is directly related to the advancement or retreat of human development.

[globallyfulfill]

Navigating the World of Dropshipping: Why China is Your Go-To Destination

Are you dreaming of starting your own e-commerce empire but not sure where to begin? Let's talk about dropshipping, especially sourcing products from China, and why it’s an entrepreneur’s goldmine.

Why Dropship from China? 🇨🇳💰

China is the heavyweight champion in the world of manufacturing. They're leading the game with 28.7% of global manufacturing output. But what does this mean for aspiring dropshippers like us? Affordable products, diverse ranges, and scalable business opportunities.

Here's the breakdown:

Low Production Costs: China's manufacturing ecosystem = lower costs for us, meaning we can price products competitively while still enjoying sweet profit margins.

Streamlined Supply Chain: Going direct to the source in China cuts out middlemen, slashing costs and boosting our profits. 🚀

Diversity and Scalability: Whether it's fashion, tech, or anything in between, Chinese manufacturers have us covered with their vast product ranges and scalability.

Starting Your Dropshipping Business with Chinese Suppliers 🚀

Alright, so you're sold on the idea. What next? Here’s a quick guide:

Pick Your Niche: Passion meets profit here. Use tools like Google Trends to find what’s hot and profitable.

Find Your Suppliers: Hello Alibaba and Made-in-China! Get those samples, compare prices, and kick off negotiations.

Set Up Your E-commerce Store: Platforms like Shopify make this a breeze. Design, list your products, and voila!

Top Chinese Dropshipping Suppliers 🌟

AliExpress: The rookie-friendly giant. Think vast product range and user-friendly vibes.

Globallyfulfill: Focused on clothing, with an emphasis on quality and branding.

CJdropshipping: Ideal for integrating dropshipping into your existing e-commerce platforms.

Avoid These Dropshipping Faux Pas ❌

Don’t be a stranger to your suppliers. Relationships matter!

Simplify your shipping fees. Customers love clarity and simplicity.

Don’t put all your eggs in one supplier basket. Diversify to protect your business.

Final Thoughts 💭

Dropshipping from China isn't just about tapping into a vast market; it’s about smartly leveraging global resources to build a business that’s both profitable and sustainable.

So, what do you think? Ready to dive into the world of dropshipping with Chinese suppliers? Let's chat in the comments!

[hgullapalli2000]

--Internationalisation of the Indian rupee--

If we achieve internationalisation of rupee it would be the biggest financial reform effort of Honorable PM Narendra Modi ji then it would be the most landmark reform in the history of independent India 🇮🇳 due to which Indian economy will emerge as the numer-uno economy 💱 in the world surpassing both USA 🇺🇸 and Chinese 🇨🇳 economy in nominal term by as early as 2030. 

US dollar is used as medium for settlement of international trade and as well as used as foreign exchange reserves that gives USA an extraordinary previledge to become the biggest consumption centre in the world with least unemployment rate in the history by printing dis-proportionate amount of dollars. It's a classic case of services and consumption driven economy- The model India has to follow rather than Chinese manufacturing led model. As India is a democratic country, it failed to push hard reforms required for manufacturing like land and Labour reforms, expenditure reforms etc to push infrastructure investment so there is a huge gap in manufacturing sector global competitiveness with China 🇨🇳 that is causing prolonged slump in manufacturing sector exports for almost a decade. Now with advanced communication technologies, India can become a service and innovation led economic 💱 powerhouse. To achieve this the most important pre-requisite is internationalisation of #Rupee. India 🇮🇳 has to take mantle of the global economy so as to power it through exponential rise of trade. Recently due to wrong policies of @federalreserve board resulted in excessive liquidity for certain period of time then severe liquidity contraction led to the fall of emerging market economies like Sri Lanka , Bangladesh 🇧🇩 etc. So GoI can utilise this opportunity to replace USD with #Rupee to control global liquidity by boosting global trade growth and prosperity. 

Due to latest digital payment technologies, digitisation of all trade transactions and rapidly rising India's share of the global trade our country can internationalise rupee far rapidly than we though before.  Previously, it use to take a decade to internationalise currency but because of UPI it would take few years.

With internationalisation of UPI or acceptance of UPI platform globally we can achieve internationalisation of #Rupee in an extremely swift manner replacing US SWIFT system globally with decentralised currency settlement system in #Rupee.

What will help GoI to internationalise #Rupee is:

1. Exponential rise in India's international trade .

2. Extensive service sector exports & #startupindia led innovations driving forex inflows.

3. High tech defence product exports that cements India's 🇮🇳 tech prowess to boost India's  engineering goods exports. India has to increase high-tech defence exports which will not only earn forex but also will create country's high-technology capabilites brand image, promote our engineering goods exports and strengthen #Rupee beyond imagination like USD.

If @RBI opts for swift internationalisation of #Rupee to facilitate international trade transactions  and eventually will go for implementation of full capital account convertibility as Indian economy is on the foothill of the greatest trade & economic growth never witnessed in the history of mankind.

For achieving the internationalisation of #Rupee, GoI should know one thing is that the country needs to achieve full capital account convertibility (FCAC) which is the most important pre-requisite.

Other important pre-requisites to achieve #rupee internationalisation:

1. Drastic reduction in the fiscal deficit which reduce current account deficit (Twin Deficit) led fall in #rupee value. 

2. Extensive fiscal-monetary co-ordination to reduce inflation.

3. Extensive core sector reforms like Electricity Amendment bill, Labour and Land acquisition reforms, banking and financial reforms, big privatisation efforts to boost global competitiveness of Indian 🇮🇳 manufacturing.

4. Very high and efficient public capex on highly productive and high impact infrastructure sector by reducing subsidies and drastically increasing tax/GDP ratio. 

5. No freebies like free electricity. 

6. Cutting popular subsidies like food and fertilizer. 

This GoI move of internationalisation of #Rupee many benefits will flow into the Indian 🇮🇳 economy so that it can hit multiple birds in one stone by allowing oil trade settlement in the local currency with Russia 🇷🇺 , Iran 🇮🇷 , Iraq 🇮🇶 etc so that the trade surplus money  should be allowed to invest in GoI treasury.

1. This will mobilize huge flood of foreign savings for investment in India in an orderly fashion.

2. Reduce downward pressure on #Rupee substantially. 

3. Reduce need for foreign exchange reserves due to settlement of trade in domestic currency. 

4. Allow hostile oil  exporting nations to USA 🇺🇸 can divert their forex reserves away from US dollar so that they can circumvent US sanctions. 

5. This move will reduce local bond yields which in turn can help GoI to spend extensive amount of money on infrastructure. 

Internationalisation of #Rupee will not only boost services and consumption led economy 💱  of India 🇮🇳 but also it will also turbocharge the global economy in high gear which will eventually end the world's dependence on US 🇺🇸 consumers and dollars  for growth. It will power global  trade eventually pulling 2 billion people out of poverty in the world 🗺 by 2030 becoming the biggest consumption centre in the world to emerge as #vishwaguru & propagate 'वसुधैव कुटुम्बकं:'.

--

Dr. Gullapalli H.S.

20/08/2022

( My blog site www.hgullapalli2000.tumblr.com and Twitter ID @GP4IND)

[anthrometa]

- Chinese 🇨🇳 Growth

China’s Rapid modern growth is mind blowing but very systematic and very rational once you break it down.

China went from a backwards starving agrarian farming economy in 1978, into a giant of technology & manufacturing in just 44 years…

How? This was unprecedented!

They Developed Material Rationalization, not political democratization or liberalization.

1) Fuel small (4)Zones of special purpose market driven innovative experimentation in productivity

2) Apply lessons from the successes in #1 to new industries, but keep political power centralized, to fuel ⛽️ good ideas only.

3) Top down support of Privatized Enterprises that create jobs, that create wealth using local resources, and local laborers

4) Support K-12 Better Education and Health Services, to liberate human capital, to support down stream economic growth & new ideas, creating a mobile middle class that stay content

5) Economic liberation, not political liberalism, and Authorization for growth from local businesses to global markets is supported by central political Power, but they are subject to support, only if they are productive, developing new solutions in unregulated markets.

In other words, China runs exactly like a private multi National corporation!

[xtruss]

China 🇨🇳 Releases Report On US' Long-arm Jurisdiction To Expose Hegemony, Notorious Deeds

— Chen Qingqing | February 03, 2023

Illustration: Chen Xia/Global Times

The Chinese Foreign Ministry on Friday released a 2,576-word report on US long-arm jurisdiction, a typical US practice that severely harms the international political and economic order and the international rule of law.

Experts said that revealing the truth and facts on the US' failure in governance is important as it helps the international community to get a clearer understanding of US hegemony, its exports of uncertainties, and disruptions to global order.

Entitled The US Willful Practice of Long-arm Jurisdiction and its Perils, the report was unveiled on Friday afternoon by the ministry, and consists of three major parts - an overview of US long-arm jurisdiction, exercise and expansion of US long-arm jurisdiction, and the perils of US long-arm jurisdiction.

The US has a longstanding practice of exerting frequent long-arm jurisdiction over other countries, including both its allies and countries with which it has hostile or strained relations, the report said. In recent years, the practice has kept expanding in scope, with US "arms" stretching longer and longer. Examining the cases of US abuse of long-arm jurisdiction, this report lays bare the severe harm it has done to the international political and economic order and the international rule of law.

The US is the only sanctions superpower in the world, the report said. According to the Treasury 2021 Sanctions Review, by fiscal year 2021, the number of active US sanctions designations had increased to more than 9,400.

The report also cited the examples on the US imposing unilateral sanctions on foreign countries such as Iran and Libya. Also, to maintain its economic and technological supremacy, the US abuses its public power to interfere with normal international commercial exchanges and competition. Under the pretext of safeguarding national security and fighting against human rights violations, it has adopted a package of measures including the Entity List and economic sanctions to restrict foreign enterprises from obtaining raw materials, items and technologies vital to their survival and development, according to the report.

The timing of this report's release coincides with US threats to sanction more Chinese companies amid the Ukraine crisis, Huo Zhengxin, a law professor at the China University of Political Science and Law, told the Global Times on Friday.

The US has been advancing a deal with the Netherlands and Japan to curb China's access to some advanced semiconductor manufacturing equipment.

The report was released at a time when the US has been expanding the scope of its long-arm jurisdiction to exert disproportionate and unwarranted influence over extraterritorial persons or entities, enforcing US domestic laws on extraterritorial non-US persons or entities, and wantonly penalizing or threatening foreign companies by exploiting their reliance on dollar-denominated businesses, the US market or US technologies, observers said.

The report also mentioned the case of the imprisonment of a senior manager from the French company Alstom in 2013, which reminds the Chinese public of the case of Meng Wanzhou, a Huawei senior executive, who returned to China in 2021 after being illegally detained for nearly three years in Canada at the US' bidding.

China's victory in the Meng incident could help slow the process by which the US uses its legal system to wage economic war against specific companies and inspire more countries to stand up against the long-arm jurisdiction of the US, former Alstom executive Frederic Pierucci, who was also a victim in the Alstom case, told the Global Times in a previous interview.

The US holds a notorious record not only in its domestic governance but also in international politics, constantly exporting uncertainties to the world. "Any responsible country should expose those US actions of blatantly interfering in other countries' internal affairs and disrupting global order," Diao Daming, an associate professor at the Renmin University of China in Beijing, told the Global Times on Friday.

When the US, despite being so discredited, is reportedly planning to hold the second Summit for Democracy in March, this exposure will help the international community better understand its true face, Diao said.