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Momentum: A Week in China
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Though China’s population has not changed in decades, the mass of its economy, thirty percent bigger than ours, multiplied by its velocity, gives it momentum unseen anywhere in peacetime: it will add the equivalent of Italy’s GDP this year.

I edit a newsletter for the 22,000 US companies doing business in China, covering the economy, trade, society, governance, geopolitics, health, BRI, defense, and current events. Opinion pieces provide perspectives usually absent from our media. In the process of assembling each issue, it dawned on me that the Chinese accomplish more in an average week than do we in a year. Let me show you what I mean:

News items look like this:

Last year, China put 5,000 km of new rail lines into operation and completed $119 billion of fixed asset investment. The railway handled 2.16 billion passenger trips and will hit 3.11 billion in 2021, a spike of 44% YoY, and will transport 3.7 billion tonnes of freight, an increase of 3.4%. [Above: The new Xiong’an Railway Station] Read full article →

For brevity, I’ll trim each to a single line. Here’s a typical, recent week:

  • China Stock Index hit a 13-Year High,
  • There were 423 million online education users in March.
  • Share of global manufacturing hit 57.5%, compared with 53.3% in 2019.
  • Box office for 2020 was $3.06 billion; North American sales were $2.3 billion.
  • Animal feed production rose 9.5% YoY, to a record high.
  • The EU became China’s biggest trading partner.
  • Shanghai Port handled 40 million TEU (LA-Long Beach was 10 million teu).
  • Toyota sold 1.8 million vehicles in China last year, up 11% year-on-year.
  • Bentley sold a record 11,206 cars in 2020 as demand in China soared by 50%.
  • A medieval Chinese coin found in England suggests a vast medieval trade route.
  • China bought 140,500 of the 381,000 industrial robots manufactured globally.
  • A 3,300 mile quantum communication network is ready for use after a two-year trial.
  • China Telecom subscribers now make quantum encrypted calls using a special SIM card
  • Beijing is trialling use of the digital renminbi with wearable devices like watches.
  • Scientists have developed an integrated quantum memory with on-demand retrieval.
  • AI Content producers “collect, process and manage news resources faster and better.”
  • The Gordon Bell Prize went to four US-China teams, all of whose members are Chinese.
  • Beijing will complete COVID-19 inoculation for all key groups before Feb. 12.
  • Bilingual nucleic acid test reports are available at all Shanghai medical facilities
  • A biological sensor now detects Covid in 10 minutes from a throat swab.
  • A dozen countries have signed up for Sinopharm vaccines.
  • Stents costs fell from 13,000 yuan to 700 yuan, thanks to national purchasing
  • Harvard doctors explain: How did Wuhan Get Back to Normal? [Video]
  • Shanghai is the world’s tenth most liveable city.
  • China’s household saving deposit balances increased by 8% in 2020.
  • Tablets supported by AI provide individualized learning, educational materials, and encouragement to increase students’ understanding and motivation.
  • Chairman of Huarong Asset Management sentenced to death for taking bribes.
  • Regulators Make Bond Rating Firm Pay for Debt Defaults.
  • Revised regulations on safeguarding Party members’s rights.
  • Drive to Overturn Wrongful Convictions Gains Momentum
  • The 13th NPCSC overhauls the criminal code.
  • The PBoC publishes its 2021 fiscal goals.
  • The National Emissions Trading Scheme, the world’s largest, opens for business.
  • Ghana opens sub-Saharan Africa’s first liquefied natural gas-to-power plant with a floating regasification unit from China.
  • Midwifed by China, the African Continental Free Trade Agreement (AfCFTA), now connects 1.3 billion people in 55 countries with a combined GDP of US$3.4 trillion.
  • The first AfCFTA member, Mauritius, signs a Free Trade Agreement with China.
  • Exports of the 135 BRI member countries rose 30% between 2016-2020
  • China built 24 agricultural technology centres in Burundi, Zambia, Ethiopia, Tanzania, Burkina Faso, Mozambique.
  • China Merchants Group signed the US$350 million investment with the Port of Djibouti
  • Infrastructure transactions in Latin America were US$7.7 billion–more than the EU and US combined.
  • Members of the CPCC proposed a digital currency consisting of the Chinese yuan, Japanese yen, South Korean won, and Hong Kong dollar.
  • The Vientiane-Boten Railway, connecting Laos to China, Thailand, and ASEAN, is making good progress.
  • Huawei offers to develop 6G in Australia “so that it has access to the best technology”
  • Thailand awards China Railway a $415m contract for the Bangkok-Nong Khai high-speed line.
  • The New York Stock Exchange said it will delist China’s three biggest state-owned telecommunications companies.
  • The Trump administration has banned transactions with eight Chinese apps, including digital payments giants Alipay and WeChat Pay.
  • The U.S. withdrew $480 million in infrastructure aid from Sri Lanka, rebuking the island’s growing economic ties with China.
  • The US told Cambodia to resist China’s influence or risk losing millions of dollars in aid.
  • The PLAN received the most project 056 corvettes to date for a single year. Pentagon: “The PRC has the largest navy in the world, with an overall battle force of 350 ships and submarines including 130 major surface combatants”.
  • China will replace the Russian AL-31F engine in its J-20 fighters with its home-grown WS-10C, as they are now as good as Russia’s engines.
  • China started constructing an advanced, automated shipyard in Shanghai to boost ship-building efficiency.
  • Cambodia has demolished the second US-built facility at Ream Naval Base, confirming satellite images released early this week.

That was a typical week in China. There will be fifty-two like that this year.

Godfree publishes Here Comes China, a weekly business newsletter.

 
• Category: Economics, Science • Tags: China, China/America 
The China/America Series
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  1. It would appear that the Chinese want to advance things world wide while the US just wants to thwart their efforts. In general, the US wants to remain top dog by stepping on everyone else, while the Chinese want to become top dog by helping other nations pursue their goals.

    The Chinese have the right attitude in world affairs, and I don’t see them starting any wars to subjugate people. Although I don’t trust the Chinese political class, because all politicians are self serving sociopaths, for the time being, their initiatives all around the world seem positive. Maybe in the future the other shoe will drop, but right now, I’d rather involve the Chinese in a deal that the US because with the US you also drag in the entire banking mafia that’s in the process of ruining what’s left of the Dollar’s value.

  2. Alfa158 says:

    Yadayadayada.
    You run this list of China’s accomplishments and think we are all supposed to be impressed? Well, we just got Richard Levine, a mentally disturbed man who thinks he is a woman, as Assistant Secretary of Health.
    Let’s see China top that. The Chinese can keep their prosperity, and technology, and education, and social cohesion, and progress, and actually having a future as a civilization. They appear to be decades behind us in the areas that really count.

  3. They ate 500 million dogs and boiled alive 300 million cats.

    • Troll: d dan
  4. Rahan says:

    Let’s see if they’ve got a better immune system.


    [MORE]

  5. Chris Moore says: • Website

    Frightening. I can see why Jewry is so eager to broker the sell-out of America. They can see how much easy money is on the table, and are licking their lips.

    Actually, they’ve been brokering the sell-out at least since ((Henry Kissinger)) was whispering in the ear of Richard Nixon.

    Now that’s a match made in hell: Degenerate, money-hungry Anglos and degenerate, money-hungry Jews. It’s the same partnership that went on to give us the endless Neocon/lib-con Mideast wars for Israel and the Petrodollar.

    So while China was systematically building an Empire, the Jewish/Anglo degenerates were systematically selling out America for Zionism and China, laughing all the way to the bank, dancing on the graves of the “deplorables” killed in wars for Mammon.

    At least the Jews got a nation out of the deal. The Anglo degenerates got fat bank accounts for awhile, and nothing else. No honor, no respect, no future.

    I wonder if we can go back in time to pre-WW1 and 2, and this time tar and feather the corrupt, degenerate Anglo “elites” in bed with Jewish bankers, egging us on towards the sell-out and destruction of Western Civilization in exchange for a few decades of easy living.

    We could warn Americans that their heads will be the next on the block.

    But we already should have known: You don’t get in bed with Jewish Moneychangers for 30 pieces of silver. Evil things happen.

    It’s never too late to correct your mistakes. It’s never too late to bring the guilty to justice. It’s never too late to take the correct fork in the road — especially knowing now which is the wrong one. And exactly who and what the Pied Pipers are.

  6. mijj says:

    it would be interesting to see more on China’s methods and progress re poverty alleviation and social integrity.

    • Replies: @Godfree Roberts

  7. METHODOLOGY

    This paper is based on a public opinion poll in eleven EU countries carried out for ECFR by Datapraxis and YouGov in late November and early December 2020.

    This was an online survey conducted in Denmark (n = 1,037), France (n = 2,013), Germany (n = 2,060), Hungary (n=1,001), Italy (n=2,017), Netherlands (n = 1,005), Poland (n = 1,002), Portugal (n=1,004), Spain (n=1,017), Sweden (n = 1,010), and the GB (n=2,031). The results are politically and nationally representative samples.

    The general margin of error is ±3% for 1,000 sample, and ±2% for 2,000. YouGov used purposive active sampling for this poll.

    The exact dates of polling were: Denmark (20-25 November), France (25-26 November), Germany (25-27 November), Hungary (24 November – 2 December), Italy (24 November – 3 December), Netherlands (24 November – 2 December), Poland (24 November – 7 December), Portugal (24 November – 7 December), Spain (20-25 November), Sweden (24-27 November), and the GB (24-25 November).

    [MORE]

    Since the UK handed back its former colony Hongkong 23 years ago, relatively few of the territory’s residents – less than 16,000 – have become British citizens. A large percentage of which have chosen to return to Hongkong and live there instead!

  8. Anonymous[248] • Disclaimer says:

    “It will add the equivalent of Italy’s GDP this year”.

    Rather ironic, considering that due to the wooden headed EU economic and political policies, Italian GDP has stagnated for *over twenty years*.

    This is the other side of the coin of the Chinese success story – they are beating hollow a bunch of dolts.

    • Agree: Godfree Roberts
  9. Anonymous[248] • Disclaimer says:

    If only corrupt officials and politicians in the west were capitally punished.

    – if you want to know the *REAL* reason why the Chinese are beating us like Lester Piggott beating the Derby winner, your answer – in every way and every nuance possible – is contained above.

  10. neutral says:

    China is not overrun by niggers, nor do they worship them, that is all there really is to it. Had the post Western world not been destroyed by that ideology then China would not be such a marvel in comparison.

    • Agree: martin_2
    • Troll: showmethereal
  11. @Priss Factor

    Many find it hard to believe, but it is not even a felony in China to boil dogs and cats alive. Some do it because they believe that the meat’s taste will be enhanced if the animal was severly tortured before dying. Others believe that some kind of energy will be transfered from the agonized dog or cat. In Yulin the Chinese celebrate, every year in June, a dog and cat meat festival, when they practice this “cultural tradition” in the open. The tabloid Daily Mail, UK, was reporting on it for several years, last June as well. I’ve seen a video with an alive boiled dog, which I never will be able to forget. Horrible! Yes, cruelty to animals is committed everywhere, but hardly in order to enhance the taste. But I might be wrong.

    • Troll: d dan, Godfree Roberts
    • Replies: @nokangaroos
    , @KlcTan
  12. Yeah, I like socialism because I want socialist things: unions, free health care, free college, an end to the forever wars, strange billionaire fruit hanging from the poplar trees.

    But that social credit system is just ineffably vile. Better to live in 3rd world conditions than in this glitzy polluted Big Brother Metropolis ant-hill shithole China.

    I prefer the Eugene V. Debs -type socialism: “While there is a lower class, I am in it, while there is a criminal element, I am of it, and while there is a soul in prison, I am not free.”

    • Replies: @Anonymous
    , @GuestAug
  13. @mijj

    I’ll write one mid-year, after we see the new 5 year plan, which will probably emphasize reducing the Gini gap.

  14. @Blinky Bill

    Thanks for those charts. They are quite revealing!

  15. A correction Mr. Roberts. ASEAN is China’s biggest trading partner. The EU is second. On the other hand China did become the EU’s biggest trading partner in 2020 though.

  16. @Blinky Bill

    Seems most Europeans have sense and want to remain neutral as the US hopes to take down China. But what is wrong with the people in Poland and Denmark? Only 50% want to remain neutral..??? What’s going through their brains?

  17. Anonymous[873] • Disclaimer says:
    @obwandiyag

    Yep, and the de facto ‘woke’ social credit fascism that basically runs America is sooo much better.
    I mean, anyone who utters forbidden words is ‘cancelled’ and fired. All it takes is for those wonderful people at the NYT to raise a stink.

    …… I mean even the Head of State himself can be summarily thrown off Twitter because the people who run Twitter – and sit in judgement – don’t like him.
    But, I suppose, some might call that the ‘free market’ and ‘democracy’ at work. To paraphrase, “Then they came for the President – and I laughed, then they came for the angry man at Unz – I looked the other way ….”.

    Tell me, pray, just *WHICH* nation, the USA or China is the *REAL* authorities, conformist, Orwellian overbearing thought-policing crime thought tyranny?

    • Replies: @obwandiyag
  18. @Blinky Bill

    I’m glad that Europeans seem more sensible, but we’ll have to see if that sticks under the Biden era.

  19. @Lucy Lipinska

    I am afraid in Central Europe 1900AD goose feet (boiled on the living goose and hacked off when done, to preserve the juices) were a delicacy, and my parents´generation still referred to cats as “roof rabbits” (well hung and with plenty marjoram).

    Sensibilities are for the overfed 😀

  20. @Anonymous

    Both suck, of course. I love you people on here who refute things by not refuting them.

    On the other hand, the Chinese one is very, very much better at doing what it does. Just like the Chinese are better at everything.

    At least in the US you can still get away with shit. Because it’s collapsing. And those who monitor us are incompetent.

    I mean, in the US, it’s mostly idiots who post personal information + their idiotic opinions on “social media,” without a second thought. All intelligent people have known since the 60s that that is a recipe for the hangman. Anybody with any sense has known for more than 60 years, if not before, not to “express themselves freely,” no matter what their grade-school teachers tell them to do.

  21. @showmethereal

    No idea about Denmark. As for Poland, they don’t actually care about China but they understand that encouraging a (more) militaristic US will be good for them on the sensible assumption that the US will move further in to eastern Europe.

    • Replies: @Showmethereal
  22. @Marshal Marlow

    I understand.. But why would they think antagonizing Russia is a good idea??? Enouraging the US to add troops there only ensures that if God forbid there is a fight – Poland would be targeted. Unless there are some secret Russian plans to invade Poland that I dont know about. I just dont see the logic of getting between two elephants.

    • Replies: @nokangaroos
    , @Malla
  23. @Showmethereal

    You do not understand … what has it got to do with Russia???
    The waterpolacks love them some guarantee against their allies in the West 😀
    Near everything between the Oder and the Memel is East Germany.
    As an exercise take a map and follow the borders of “Germany” (pre-1866) delineated in the (illegal in Germany!) first verses of the Deutschlandlied – Maas (Belgium), Memel (Lithuania), Etsch (Italy) and Belt (Denmark); they are all paranoid, but none moreso than the Poles (it is also somewhat unique that singing the first strophe of the – official! – national anthem lands you in jail somewhere).

    • Replies: @showmethereal
  24. @nokangaroos

    What are you talking about??? The US and NATO goal in Europe is to pressure Russia. Taking in more US troops into Poland will antagonize Russia.

    • Replies: @nokangaroos
  25. Isaac says: • Website

    Why do you say China’s population has remained the same for decades? I have never heard this claim, and every piece of data I can find dramatically contradicts it.

  26. @showmethereal

    It´s one aspect … the Poles wouldn´t be half as Catholic weren´t their beloved neighbors Protestant, and opposition to Nord Stream 2 stems neither from US pressure nor from US strategic considerations.

    From the US side, presence in the Baltic states is to poke Russia with a stick –
    but in Poland it is to put pressure on Germany;
    German-Russian talks are a recurring nightmare 😀

    • Replies: @nokangaroos
  27. @nokangaroos

    In this context the newly leaked Strategic Posture for the West Pacific is of interest –
    they seem to have written Korea off (as indefensible?).

  28. GuestAug says:
    @obwandiyag

    China’s Social Credit score is a way of making the economy more efficient by further reducing fraud.

    Think for a moment about how much effort you personally, and the rest of us as a society, expend on protecting ourselves from “assholes” and “crooks”. Think about the prisons, alarm systems, police, and all other fraud prevention schemes etc. In spite of them contributing to the GDP, they are not making our lives better at all.

    Now pretend that you are in China and a complete stranger comes to you and invites you to invest in his new very lucrative business venture. You use your phone to check his social credit score and discover that he has a long history of doing the right things in the community and never cheating anybody. You go ahead and join in. In the US, you would make sure you still have your wallet in your pocket and run away.

    The social score will make China’s economy even more efficient. In China people already do instant, contact-less payments with their phones for everything and soon they will have any easy way to find out who they can trust and who they can’t.

    In the US people will still be taking 10 times longer to pay for groceries with a credit card while looking over their shoulder to make sure they don’t get robbed by the person behind them.

    • Agree: Showmethereal
    • Replies: @Malla
  29. @Priss Factor

    Dog I find to be gamey, but Cat if done well tastes like rabbit.

    When my Hungarian ancestors entered Pannonia, they ate cats as well and continued for 400 years at least.

    • Replies: @anon
  30. Malla says:
    @Showmethereal

    I understand.. But why would they think antagonizing Russia is a good idea???

    Old rivalries in between the two. Also anger towards Russia who they blame for the Communist slavery for many decades.
    Russia is to Poland what Japan is to China. Instead of blaming Jews, they blame Russians. I believe let bygones be bygones, Russians were the first victims of Bolshevism anyways. Hopefully the Poles and Russians will become friendly to each other again.
    There are many excellent recent Polish movies on the defense of their country from the Soviets as well as Soviet atrocities.

    1920 Battle of Warsaw/ Bitwa warszawska 1920

    And a movie (trailer below), which was banned in the PR China. About the Katyn massacre of Polish officers by Soviet Communists (Kill da best of the goyim, eh).

    Katyn
    This is a movie I have actually seen, very good.

    Also a Polish poster from the early days.A poster depicting Lev Trotsky. Small caption in the lower right corner reads: The Bolsheviks promised: We’ll give you peace We’ll give you freedom We’ll give you land Work and bread Despicably they cheated They started a war With Poland Instead of freedom they brought The fist Instead of land -confiscation Instead of work – misery Instead of bread – famine.

    • Replies: @Showmethereal
  31. Malla says:
    @GuestAug

    The social score will make China’s economy even more efficient.

    Yes Orwellian efficient. The Indian government tried something similar with the Orwellian globalist biometric Aadhar Card system which was to lead to such a credit system in the future. Indians took no shit and we the people of India, tried the Government of India of PM Modi at the Supreme Court of India. Our democratic Constitution allows this. The Indian Government shat its pants out and was hee hawing and acting all weird, making weird excuses. The Government of India was rightfully lambasted for this by the Supreme Court of India. The Supreme Court of India gave a verdict that privacy was a right of every Indian by law and the biometric system was to be voluntary not compulsory. The government of India gave the same excuses, “will make the economy efficient, will reduce waistages and corruption, will help provide welfare for the poor” etc… We Indians are too cunning and street smart for all this bullshit tho. We argumentative Indians are rebellious by nature (Indians find Chinese too robotic) Our rebellious nature is headache for the Orwellian NWO. We would rather be poorer but be free, not slave.
    BTW “Aadhar” means “support”, cunning the government was in its marketing of this system. Interestingly Modi opposed the planned Aadhar system when in opposition but pushed it with force (more then the earlier government) when he came to power.

    • Replies: @nokangaroos
  32. @Malla

    I know the history. I am asking a person who knows the current climate. They have as muc grievance with Germany based on history. I am talking about now – today. Well you say its like Japan to China. Well that is a good comparison. I think it is dumb for Poland to side with NATO against Russia… Same with Japan siding sith the US against China.

  33. @Malla

    – If I get you right they just tried to introduce a national ID – in the form of a UniCard – that is a bit hard to fake … far less Orwellian than anything in Europe 😀
    How do you propose to run a post-stone age country without it?

    – And I have to agree with GuestAug (for slightly different reasons);
    social credit elevates the decidedly non-Orwellian measures of social control
    shunning/ostracism/boycott/no matter what you call it to an industrial level.
    No more hiding within the multitude – seeing antisocial behaviour go unpunished demoralizes the people;
    look at the US: There is no form of discipline this side of a roughing-up by police i.e. the miscreant is already a hardened criminal on being shown bounds the first time.
    The Chinese model is far more flexible and needs much less and more commensurate and targeted coercion.
    (that said, I doubt it would be applicable to the US – it presupposes another kind of, erm, citizen; nonetheless I hold it is the future – in a rather Darwinian sense)

  34. KlcTan says:
    @Lucy Lipinska

    Why ignore the other dog eating country ?? It is South Korea.

    Heartbreaking Images Of Caged Dogs Waiting To Be Slaughtered For Dog Soup In South Korea.

    https://www.indiatimes.com/trending/wtf/south-korea-dog-eating-festival-518504.html

    For the west, good news in China is no news. Bad news in China is real news.

  35. anon[712] • Disclaimer says:
    @Supply and Demand

    I love nothing better than the taste of cat Goulash.

    Semmit sem szeretek jobban, mint a macska Gulyás ízét.

  36. @showmethereal

    The polacken are the lowest, laziest and worthless of all State Department welfare whores.
    Remember Fort Trump? Imagine what these fake nationalists will dance to under Biden.

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