Chuyên mục: China

China debt: how big is it, who owns it and what is next?

~ Đào Thu Hằng ~ Bình luận về bài viết này

SCMP.com 

  • The Institute of International Finance (IFF) estimated that China’s total debt hit 317 per cent of gross domestic product (GDP) in the first quarter of 2020
  • In May 2020, the IFF also said the debt owed to China by the rest of the world had risen to more than 6 per cent of global GDP
Amanda Lee
Amanda Lee in Beijing Published: 4:38pm, 19 May, 2020
The Institute of International Finance estimated that China’s total debt hit 317 per cent of gross domestic product (GDP) in the first quarter of 2020, up from 300 per cent in the last quarter of 2019 – the largest quarterly increase on record. Photo: AP
The Institute of International Finance estimated that China’s total debt hit 317 per cent of gross domestic product (GDP) in the first quarter of 2020, up from 300 per cent in the last quarter of 2019 – the largest quarterly increase on record. Photo: AP

What is the nature of China’s debt?

Broadly speaking, China’s debt can be divided into domestic debt and foreign debt.

Tiếp tục đọc “China debt: how big is it, who owns it and what is next?” →

Vietnam Encourages Fishermen to Defy China Ban

~ Phạm Thu Hương ~ Bình luận về bài viết này

benarnews.org – Drake Long, Washington, 2020-05-12

A satellite image shows the Malaysian-contracted drillship West Capella in the South China Sea on April 22, 2020.

A satellite image shows the Malaysian-contracted drillship West Capella in the South China Sea on April 22, 2020.

Vietnam’s government on Tuesday encouraged the nation’s fishermen to keep operating around the disputed Paracel Islands, despite China’s unilaterally imposed fishing ban in the South China Sea, and directed provincial authorities to support Vietnamese fishermen at sea.

That statement of defiance from Hanoi, calling the ban “invalid,” came as an oil exploration ship contracted by another South China Sea claimant, Malaysia, ended a survey farther south, off the Malaysian coast. The ship has been shadowed by Chinese ships for the past month. Tiếp tục đọc “Vietnam Encourages Fishermen to Defy China Ban” →

Trung Quốc liên tục giở trò ngang ngược trên Biển Đông

~ Phạm Thu Hương ~ Bình luận về bài viết này
[eMagazine] - Bóc mẽ loạt âm mưu thâm độc của Trung Quốc trên biển Đông thời dịch Covid-19 - Ảnh 1.

Nguoilaodong –

Tân Hoa Xã hôm 20-3 đưa tin Trung Quốc vừa thiết lập hai trạm nghiên cứu trên đá Chữ Thập và đá Xu Bi – đang bị Bắc Kinh chiếm đóng phi pháp ở quần đảo Trường Sa thuộc chủ quyền Việt Nam. Theo thông tin trên, 2 cơ sở mới có phòng thí nghiệm về sinh thái, địa chất và môi trường, nhằm hỗ trợ điều tra thực địa và nghiên cứu khoa học ở quần đảo Trường Sa. Tiếp tục đọc “Trung Quốc liên tục giở trò ngang ngược trên Biển Đông” →

Ngân hàng Trung ương Trung Quốc có thể mất sạch tiền dự trữ do nợ xấu

~ Trần Đình Hoành ~ Bình luận về bài viết này
Ngân hàng Trung ương Trung Quốc có thể mất sạch tiền dự trữ do nợ xấu
Trụ sở của Ngân hàng Nhân dân Trung Quốc, ngân hàng trung ương của Trung Quốc, tại Bắc Kinh, vào ngày 7/8/2011. (Mark Ralston / AFP / Getty Images)

Ngân hàng Trung ương Trung Quốc có thể mất sạch tiền dự trữ do nợ xấu

 Trà Nguyễn • 19:07, 17/04/20• NTD

  
Tính toán của nhóm chuyên gia kinh tế NTDVN cho thấy nếu Ngân hàng Nhân dân Trung Quốc (PBoC) hạch toán nợ theo chuẩn kế toán quốc tế, nợ xấu sẽ lên tới 5.600 tỷ USD, chiếm tới 39,4% GDP. Khoản nợ xấu này sẽ khiến PBoC mất toàn bộ khoản dự trữ bắt buộc mà ngân hàng thương mại (NHTM) gửi, kèm theo 42,28% khối lượng ngoại hối dự trữ. PBoC không còn dư địa chính sách tiền tệ như họ tuyên truyền… Tiếp tục đọc “Ngân hàng Trung ương Trung Quốc có thể mất sạch tiền dự trữ do nợ xấu” →

Mỹ lên án Trung Quốc đâm chìm tàu cá Việt Nam ở Biển Đông

~ Phạm Thu Hương ~ Bình luận về bài viết này
vietnamnet – 06/04/2020 22:57 GMT+7

Người phát ngôn Bộ Ngoại giao Mỹ Morgan Ortagus nêu rõ: “Chúng tôi quan ngại sâu sắc trước thông tin về việc Trung Quốc đâm chìm 1 tàu cá của Việt Nam ở gần quần đảo Hoàng Sa”.

Phản đối Trung Quốc triển khai 2 trạm nghiên cứu ở Trường Sa
Trung Quốc thả 8 ngư dân Quảng Ngãi
Việt Nam phản ứng việc Trung Quốc đăng ‘đường 9 đoạn’ trên Facebook Đại sứ quán

Bà Morgan Ortagus nhấn mạnh, đây là vụ việc mới nhất trong một loạt hành động của Trung Quốc nhằm khẳng định những tuyên bố hàng hải trái phép và gây thiệt hại cho các nước láng giềng Đông Nam Á ở Biển Đông.

Mỹ lên án Trung Quốc đâm chìm tàu cá Việt Nam ở Biển Đông
Người phát ngôn Bộ Ngoại giao Mỹ Morgan Ortagus

Tiếp tục đọc “Mỹ lên án Trung Quốc đâm chìm tàu cá Việt Nam ở Biển Đông” →

Economic Watch: Trade recovers on China-Vietnam border

~ Trần Đình Hoành ~ Bình luận về bài viết này
Source: Xinhua| 2020-03-18 19:05:20|Editor: huaxia
NANNING, March 18 (Xinhua) — Hundreds of flat-bed and container trucks queued along a border bridge in Dongxing, a city in south China’s Guangxi Zhuang Autonomous Region, waiting for customs clearance, a scene that signifies the recovery of trade on the China-Vietnam border from the COVID-19 epidemic.

Pham Van Tan, a 31-year-old Vietnamese, was driving a truck loaded with about 20 tonnes of dragon fruit produced in Vietnam’s Da Nang. Once passing the customs checkpoints, the goods will soon be seen in the markets of cities such as Shanghai and Beijing. Tiếp tục đọc “Economic Watch: Trade recovers on China-Vietnam border” →

Offshore wind farms could power much of coastal China

~ Đào Thu Hằng ~ Bình luận về bài viết này

Sciencedaily.com

February 21, 2020

Source: Harvard John A. Paulson School of Engineering and Applied Sciences

Summary:If China is to meet and exceed its Paris Climate Agreement goal by 2030, it’s going to need to find a way to increase its wind capacity. Researchers found that offshore wind could be a big part of the solution.

Under the Paris Climate Agreement, China committed to rely on renewable resources for 20 percent of its energy needs by 2030. Currently, the country is on track to double that commitment, aiming to hit 40 percent by the next decade. Wind power is critical to achieving that goal. Over the past 20 years, China’s wind power capacity has exploded from 0.3 gigawatts to 161 gigawatts.

But, in recent years, that growth has slowed and the hopes for China’s wind-powered future have dampened.

Why? Location, location, location. Tiếp tục đọc “Offshore wind farms could power much of coastal China” →

Banks need to take Belt and Road environmental risks seriously

~ Đào Thu Hằng ~ Bình luận về bài viết này

China’s banks supporting BRI projects should apply environmental risk-management policies and oversight, says Divya Narain

Article image
Rice harvesting near Vientiane in Laos. The pillars will support the Nam Khone bridge, the longest on the China–Laos high-speed railway (Image: Surya Chuen / China Dialogue)

China’s Belt and Road Initiative (BRI) is intended to catalyse the economies of countries around the globe.

Yet BRI projects overlap some of the most ecologically fragile places on earth. The multi-trillion-dollar initiative – to build transcontinental networks of roads, railways and ports, studded with dams, mines, power plants, and solar and wind farms – has its environmental impacts. These include air and water pollution, soil contamination and erosion, habitat and wildlife loss. Tiếp tục đọc “Banks need to take Belt and Road environmental risks seriously” →

Coronavirus Exposes Core Flaws, and Few Strengths, in China’s Governance

~ Đào Thu Hằng ~ Bình luận về bài viết này

nytimes

While China can mobilize a huge national response to the outbreak, its response to the crisis is also a lesson in how the country’s political weak points can carry grave consequences for world health.

Health care workers at the Wuhan Red Cross Hospital on Saturday.Credit…Hector Retamal/Agence France-Presse — Getty Image

  • Published Jan. 25, 2020Updated Jan. 26, 2020, 12:45 a.m. ET

It was the initial news reports that first suggested China’s political system might be getting in the way of its ability to confront the coronavirus outbreak.

The outbreak seemed to already be a full-blown crisis, infecting dozens in China and even some abroad, by the time it became widely reported. Tiếp tục đọc “Coronavirus Exposes Core Flaws, and Few Strengths, in China’s Governance” →

China holds firm on strategy to build self-sufficient domestic polysilicon industry

~ Đào Thu Hằng ~ Bình luận về bài viết này

pv-magazine.com
The Chinese government will extend duties on U.S. and South Korean polysilicon for another five years from today despite committing to buy $200 billion more American goods and services in the trade deal signed on Wednesday. Poly manufacturer REC Silicon says it expects polysilicon to form part of that trade agreement.

 

China’s latest trade tariff announcement appears to be at odds with the deal just signed with the U.S.

Image: Nathan Hughes Hamilton/Flickr

China’s Ministry of Commerce (MOFCOM) has announced the anti-dumping duties applied to U.S. and South Korean-made polysilicon will remain in place for another five years from today.

Norwegian poly producer REC Silicon, which manufactures almost all of its current output of the solar module raw material in the U.S., said this morning the extension of duties announced yesterday was expected as part of a pre-planned tariff review independent of the trade deal thrashed out by President Trump and China on Wednesday. Tiếp tục đọc “China holds firm on strategy to build self-sufficient domestic polysilicon industry” →

Oldest Confucius Institute in U.S. to Close

~ Đào Thu Hằng ~ Bình luận về bài viết này

 

Chronicle.com 

The oldest Confucius Institute in the United States is closing. In a letter to students and faculty and staff members at the University of Maryland at College Park, President Wallace D. Loh said the 15-year-old Chinese language and cultural center would shut down because of 2018 legislation that made colleges with the institutes, which are supported by the Chinese government, ineligible for certain Defense Department funding. Maryland is among nearly two dozen American colleges to close their Confucius Institutes in the last two years. And it’s the second in little more than a week —– the University of Missouri also will shutter its center. Colleges have faced pressure over Confucius Institutes from lawmakers who say the agreements lack transparency and amount to Chinese-government propaganda on American campuses. In his letter, Loh said Maryland remained committed to education and scholarship in Chinese language and culture.

What the Philippines and Australia can learn from Vietnam about living with China

~ Trần Đình Hoành ~ Bình luận về bài viết này
EUAN GRAHAM

Photo: Flickr/Patrik M. Loeff

Photo: Flickr/Patrik M. Loeff

Published 5 Oct 2016 11:14   Lowry Institute

It is early days, granted, but the Philippines’ crude and crass new president Rodrigo Duterte appears increasingly intent on reversing his predecessor’s plucky South China Sea policy and pro-Alliance leanings, opting instead for a tilt towards China. Tiếp tục đọc “What the Philippines and Australia can learn from Vietnam about living with China” →

Belt and rail: New Vietnam- China train aims to put relations on track

~ Trần Đình Hoành ~ Bình luận về bài viết này

Updating a colonial legacy railway might offer more than a
smoother connection between sometimes tense neighbours.

An early morning start in Lao Cai in 2013 (Photo: Biggs/Flickr)

An early morning start in Lao Cai in 2013 (Photo: Biggs/Flickr)
Published 15 Jan 2020 06:00 Lowry Institute

Last year, China and Vietnam unveiled plans to refurbish a colonial-era railway between the two countries. It was an attempt to update a historical legacy – and also signified new bilateral dynamics in a consequential and sometimes fraught regional relationship. Tiếp tục đọc “Belt and rail: New Vietnam- China train aims to put relations on track” →