China to kick out all Western companies soon! Starting with Burberry, Nike and H&M.

[laksaboy]

 

[nightsafari]

Actually the shit the kangaroos are going through now is a good thing....in kangaroo land ,,,all the good stuff was exported and the exporters got rich,,,,the local kangaroos did not have access,,,now the chicoms closed the market,,the exporters are forced to sell local,,,so the locals now got some good stuff,,,and are paying a decent price for it,,unlike the past they have to pay through the nose


China locks in five more years of tariffs on Australian wine industry
ABC Rural
/
By national rural reporter Kath Sullivan
Posted 11hhours ago, updated 1hhour ago

China imposing the tariff could lead to Australia taking the matter to the World Trade Organization.(
Pixabay
)
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Fears of Australia's $1 billion wine industry tumbling into a damaging long-term trade dispute with China have come to pass, with China confirming it will lock in huge tariffs on producers for five years.
Key points:

• China imposed interim tariffs on Australian wine last year
• The tariffs are likely to be up to almost 220 per cent for the next five years
• The Australian wine industry says while it's disappointed, it is not surprised

An increase and extension to tariffs on some Australian wine producers paves the way for a World Trade Organisation dispute.
Reuters on Friday reported China's Ministry of Commerce had confirmed it would impose "anti-dumping measures on some Australian wine imports from March 28 for five years".
The ministry said importers bringing in wines related to anti-dumping activities, as set out by China, would pay tax to the customs authority, Reuters reported.
China last year introduced interim tariffs of up to 200 per cent, claiming Australian winemakers sold wine below the cost of production and had been subsidised.
Australian Grape and Wine chief executive Tony Battaglene earlier said he expected Beijing to lock in tariffs of almost 220 per cent for the next five years.
Mr Battaglene said an extension of the interim tariffs would confirm the industry's most valuable market was off limits.
"We're probably up to the 215 to 218 per cent mark," Mr Battaglene told the ABC.
"Honestly, it doesn't matter. When you're at 200 per cent you're not viable and when you're at 215 per cent, you're even less viable so the market remains closed to Australian wine."
Once the tariffs are confirmed, it would allow for Australia to refer the dispute to the independent umpire, the World Trade Organiation (WTO).
"We continue to reject the allegations," Mr Battaglene said.
"For us, China is someone who continually promotes the importance of the World Trade Organisation, so we'll certainly evaluate very carefully the possibility of challenge through that.
The industry is expected to make a recommendation to the Australian government over pursuing WTO action in the coming weeks.
"My view is we will probably go through the proper channels because we reject the allegations," he said.
It follows a decision by former trade minister Simon Birmingham late last year to refer China to the WTO over its application of hefty tariffs on Australian barley for similar allegations of anti-competitive behaviour.
Mr Battaglene said, while disappointing, he believed winemakers would appreciate certainty about the trade, worth more than $1 billion last year.
"At least now we know what is happening, at least the industry can get on with the job," Mr Battaglene said.
"We're immediately seeing some impact on price for grapes, we're in the middle of vintage, and we're seeing a 10 to 15 per cent reduction on red wine prices across the board, in some cases a bit more."
Department of Foreign Affairs and Trade officials told Senate Estimates the value of Australian trade with China for almost all industries has plummeted by 40 per cent since a trade dispute ramped up between the two countries.
And that wine exports had fallen to less than $1 million in January, from a high of $164 million last October.
"We're all about looking forward," Mr Battaglene said.
"We know we're going to have a tough couple of years. The real pressure has come on those people who solely export into China and we have 1,000 businesses set up to do that.
"A lot of established businesses will have a hit, yes. It will be tough, but we've seen good support from the Australian people and we hope that continues."
Federal Trade Minister Dan Tehan said the government rejected any suggestion Australia's wine industry was subsidised.
"The government will be extremely disappointed if China makes a final determination to impose duties – we are not aware of any evidence that Australian wine has been dumped or injuriously subsidised in the Chinese market.
"The government will continue to work closely with the Australian wine industry, including on possible next steps in the event that final duties are imposed."
Posted 11hhours ago, updated 1hhour ago

precisely why I said they won't die. just make less.

of course, they will miss their golden years of $$$ making, but they will still go on.

 

[nightsafari]

Bata and North Star for me.

Bata not cheap anymore leh... I was shocked. Anyway do you know that Bata was actually a Canadian brand?

 

[nightsafari]

So much to do come here can bashed these Pro Trump dickheads w no ends in sight, and until send Trump out of WH...

And that Boss Sam getting up our nerves with his masks and lockdowns rethoric w no ends in sight too.

Even more exciting things going to happen between pro China and pro Trump, pro Biden and pro China rethoric coming soon.

stay tune to fuck each others deep deep....

Bonus... chinkmaricians getting bashed in their arseland US good to see them get beaten up until arse bleed...

precisely lah... that's why I just go and relax. Enough tension. I don't like to watch men fucking men in anger. nasty.

anyway that issue about chinese in america coming up is actually a good thing. It's about time it got talked about. I see nothing but good news for Chinese in America after this.

 

[nightsafari]

Foreign companies need China more than China needs them. Access to the Chinese market is very important for profits. Look at NBA, Starbucks and MacDonald's .. all doing well in China because of the huge market. Starbucks just opened their biggest store in Shanghai and it is crazy.

Why did you think the foreign gunboats bombed the shit out of Qing fortresses? So that they could force the Manchus to drop trade protectionism

your point is valid. but I would like to suggest the operative word here being want instead of need.

Nobody really needs globalization. NBA, Starbucks and McD's may really want the profits from China, but they don't need it to survive. Which business head in their right mind would give up such a golden opportunity?

On the other hand, if things become acrimonious enough, a withdrawal can occur without a total disaster. Sure lean times, but life will still go on. No rolls royce but maybe toyota.

This is just my observation but actually, for a long time, the US needed no one. It wanted everyone to buy it's crap. Now after all the offshoring, it sets itself up to need others more and more. If the leaders in charge of the West wake up their lazy ass, spoilt population and return to the people they had in the 30s, 40s and 50s, the world will go into balance again.

 

[nightsafari]

I think the tiongs just didn't have the time to whitewash their "necessary actions."

also a distinct possibility.

 

[glockman]

Bata not cheap anymore leh... I was shocked. Anyway do you know that Bata was actually a Canadian brand?

Roger that. So can you recommend a cheaper brand? Lean times lah. Didn't know it was Canadian brand,

 

[laksaboy]

Roger that. So can you recommend a cheaper brand? Lean times lah. Didn't know it was Canadian brand,

If you want 'cheap' footwear, buy at Decathlon. Durability is a hit and miss.

 

[Rogue Trader]

your point is valid. but I would like to suggest the operative word here being want instead of need.

Nobody really needs globalization. NBA, Starbucks and McD's may really want the profits from China, but they don't need it to survive.

Which business head in their right mind would give up such a golden opportunity?

On the other hand, if things become acrimonious enough, a withdrawal can occur without a total disaster. Sure lean times, but life will still go on. No rolls royce but maybe toyota.

I hate globalisation too but I think you underestimate capitalism. Listed businesses exist to maximize shareholder value.

These big fashion brands are themselves the most guilty of labour exploitation. The cost of a Nike t shirt is probably usd1 since it's mass produced in Bangladesh or some other third world sweatshop. Once the Nike logo is embossed, it will be sold for usd50.

The Xinjiang cotton accusation is just hypocritical and politically motivated. In due time they will just reverse their stance.

This is just my observation but actually, for a long time, the US needed no one. It wanted everyone to buy it's crap. Now after all the offshoring, it sets itself up to need others more and more. If the leaders in charge of the West wake up their lazy ass, spoilt population and return to the people they had in the 30s, 40s and 50s, the world will go into balance again.

No doubt the USA was the land of hard work, entrepreneurship, innovation and risk taking during the post war years. During the Cold War it reached the height of human achievements in terms of technology and space exploration. But the younger generation have lost this drive. Maybe a new competitor can spur them back to their best.

 

[eatshitndie]

I hate globalisation too but I think you underestimate capitalism. Listed businesses exist to maximize shareholder value.

These big fashion brands are themselves the most guilty of labour exploitation. The cost of a Nike t shirt is probably usd1 since it's mass produced in Bangladesh or some other third world sweatshop. Once the Nike logo is embossed, it will be sold for usd50.

The Xinjiang cotton accusation is just hypocritical and politically motivated. In due time they will just reverse their stance.


No doubt the USA was the land of hard work, entrepreneurship, innovation and risk taking during the post war years. During the Cold War it reached the height of human achievements in terms of technology and space exploration. But the younger generation have lost this drive. Maybe a new competitor can spur them back to their best.

no worries. many (top) talented ah nehs are in america to help spur innovation. top engineering students at stanford these days are mostly ah nehs, and when they graduate they join faecesbook, apple, amazon, netflicks, gobbledygook (faang), or one of those r&d, undersea, and aerospace outfits funded by bezos, brin, musk. those who don’t like engineering join the top med schools in harvard, john hopkins, upenn, ucsf, stanford, etc. some go on to becum top healthcare and biotech researchers. ah nehs are america’s best hope in the 21st century. i fully embrace them.

 

[Rogue Trader]

no worries. many (top) talented ah nehs are in america to help spur innovation. top engineering students at stanford these days are mostly ah nehs, and when they graduate they join faecesbook, apple, amazon, netflicks, gobbledygook (faang), or one of those r&d, undersea, and aerospace outfits funded by bezos, brin, musk. those who don’t like engineering join the top med schools in harvard, john hopkins, upenn, ucsf, stanford, etc. some go on to becum top healthcare and biotech researchers. ah nehs are america’s best hope in the 21st century. i fully embrace them.

That's great. Finally Indians will claim back their land stolen by cowboys

 

[Hypocrite-The]

Demonstrate from tiongland still strong. Guess tiongland not as weak as they are made out to be.

Massive Cargo Ships Are Outrun by Nimble Fleet in New Speed Race

• 

(Bloomberg) --
For years, container shipping was a rough business. Margins were minuscule, the risks were high and growth prospects bobbed with the unpredictable tides of global trade. That it's now generating record profits is one of the great economic surprises of the pandemic.
The transformation over the past year also debunks a premise expressed loudly by pundits and politicians in recent years that U.S.-China trade, the most vital route of international commerce, was heading inexorably down a path of steady decline. The world wants more from China Inc. today than ever, and — as illustrated by the containers piled high on a ship stuck in the Suez Canal this week — companies in the U.S. and Europe need it faster than before.
Scroll to continue with content
Accelerated by more online shopping, the demand is so strong that customers of ocean freight are increasingly willing to pay up for it, too. At Matson Inc., a Honolulu-based company with a fleet of smaller, nimbler vessels that charge a premium over the rates to transport on much larger ships, the need for a quick Shanghai-to-Los Angeles service became so great that executives decided to add a second weekly run last year and make it a permanent offering.
“I was getting calls at 2 in the morning from customers saying ‘Look, you’ve got to do something, you’ve got to help me,”’ Matthew Cox, Matson's CEO, said in an interview.
Matson’s main business is shuttling staple goods to Hawaii and Guam and it ranks outside the top 20 largest container lines. But its stock jumped almost 40% last year and the industry as a whole is healthier than ever, topping more than $200 billion in estimated revenue in 2020. It’s conceivable that the largest players including Denmark’s A.P. Moller-Maersk A/S and China’s Cosco Shipping Holdings Co. ended a tumultuous year with their most profitable quarter to date.
Another $1.9 trillion in U.S. fiscal stimulus may keep the good times going in 2021. Maersk CEO Soren Skou said on Tuesday that “we have to expect that some of that money will be used to buy goods that need to be transported.”
Still, running full steam has revealed how temperamental the backbone of the global trading system is when stretched: Crews are overworked, thousands of containers have tumbled overboard in high seas and the vessel blocking Suez threatens wider economic problems if it snarls traffic for more then a few days.
Read More: Suez Canal Snarled With Giant Ship Stuck in Top Trade Artery
Beyond the setbacks, ocean freight companies have been propelled by a confluence of factors. First, governments from Australia to Belgium kept consumers flush with cash and their financial systems liquid. Then China’s factories and American consumers recovered quickly from last year’s initial shocks and emerged from three years of supply-and-demand turmoil — a U.S.-China trade war followed by the pandemic — still intertwined.
“China remains the manufacturing floor of the world,” Cox said in early March. “There are problems that are real and need to be dealt with, but it doesn’t change the fact that China has built a very capable network that in the short run people will find very difficult to replace.”
Story continues

 

[nightsafari]

I hate globalisation too but I think you underestimate capitalism. Listed businesses exist to maximize shareholder value.

haha!! very well put.

no I don't underestimate it. But I do question the need to maximize value. I know very well the impetus behind maximizing shareholder value. But no one needs it right? In other words, no child is going to stop breathing or no one is going to starve if it's not maximized. However, quite a lot of greedy buggers and the CEO puppets they appoint do want it and will sell their souls/lives for it.

These big fashion brands are themselves the most guilty of labour exploitation. The cost of a Nike t shirt is probably usd1 since it's mass produced in Bangladesh or some other third world sweatshop. Once the Nike logo is embossed, it will be sold for usd50.

The Xinjiang cotton accusation is just hypocritical and politically motivated. In due time they will just reverse their stance.

yes no arguments from me here. It is a very valid criticism of capitalism as practiced by the Anglo Saxon west. BTW, I don't call this capitalism. I call it greed. Greed through capitalism. For all the socialists / communists out there. Greed through those 2 other avenues is worse and less likely to be checked.

No doubt the USA was the land of hard work, entrepreneurship, innovation and risk taking during the post war years. During the Cold War it reached the height of human achievements in terms of technology and space exploration. But the younger generation have lost this drive. Maybe a new competitor can spur them back to their best.

Definitely agree with you. But the internal rot problem may not be fixed by competition. Maybe abject humiliation!

 

[nightsafari]

More companies will withdraw from China. The western countries are waking up and recognizing the true enemy. For America's case, what good is access to the China market if your basic rights are sacrificed? NBA and Blizzard Games heavily censor anything critical of the CCP regime...that's the First Amendment gone.

Did you hear they banned Plague Inc after Covid hit? WTF for?

P.S: The Manchus deserve it. Learn some real history.

amen

 

[KuanTi01]

Theur missiles are just silhouettes. Nothing inside. Its just to scare.

I wouldn't speak too soon! You seriously think they are mere toys and decoys? lol

 

[nightsafari]

welcum back. tiongs in pubic will feign support for ccp vindictive and thuggish policies but in private will still crave for western luxury goods. there will be both a thriving black market for genuine goods and a bustling supply chain for fakes. high ses tiongs go for the former while low ses tiongs resort to the latter. prc brands for show only in front of surveillance cameras. but when tiongs get out of their pathetic cuntry they will flash their western luxury brands for all to see.

hi! hope you doing well. Is the Anti-Asian sentiment as rife as the media portrays or is it sensationalism?

yeah. many truths for tiongs depending on who they are talking to.

 

[nightsafari]

Roger that. So can you recommend a cheaper brand? Lean times lah. Didn't know it was Canadian brand,

ok... to be more precise, it was founded in the old Austro-Hungarian empire in a part now known as Czechia or to English speakers the Czech republic. Back nong nong ago before 1900.

Post ww2, thanks to the Socialists (oops! I meant to say communists), nationalizing all their European factories, the Bata family took off to Canada and actually founded a town there to produce bata shoes. You can read all about it here :

https://en.wikipedia.org/wiki/Bata_Corporation

So post ww2 Bata was really a Canadian concern run by a Czech immigrant family.

Anyways as a small boy growing up in Malaysia, it was the default brand for school shoes. So the association with low prices is there. But nobody knows it's long and very amazing history!!

 

[nightsafari]

Demonstrate from tiongland still strong. Guess tiongland not as weak as they are made out to be.

Massive Cargo Ships Are Outrun by Nimble Fleet in New Speed Race

• 

(Bloomberg) --
For years, container shipping was a rough business. Margins were minuscule, the risks were high and growth prospects bobbed with the unpredictable tides of global trade. That it's now generating record profits is one of the great economic surprises of the pandemic.
The transformation over the past year also debunks a premise expressed loudly by pundits and politicians in recent years that U.S.-China trade, the most vital route of international commerce, was heading inexorably down a path of steady decline. The world wants more from China Inc. today than ever, and — as illustrated by the containers piled high on a ship stuck in the Suez Canal this week — companies in the U.S. and Europe need it faster than before.
Scroll to continue with content
Accelerated by more online shopping, the demand is so strong that customers of ocean freight are increasingly willing to pay up for it, too. At Matson Inc., a Honolulu-based company with a fleet of smaller, nimbler vessels that charge a premium over the rates to transport on much larger ships, the need for a quick Shanghai-to-Los Angeles service became so great that executives decided to add a second weekly run last year and make it a permanent offering.
“I was getting calls at 2 in the morning from customers saying ‘Look, you’ve got to do something, you’ve got to help me,”’ Matthew Cox, Matson's CEO, said in an interview.
Matson’s main business is shuttling staple goods to Hawaii and Guam and it ranks outside the top 20 largest container lines. But its stock jumped almost 40% last year and the industry as a whole is healthier than ever, topping more than $200 billion in estimated revenue in 2020. It’s conceivable that the largest players including Denmark’s A.P. Moller-Maersk A/S and China’s Cosco Shipping Holdings Co. ended a tumultuous year with their most profitable quarter to date.
Another $1.9 trillion in U.S. fiscal stimulus may keep the good times going in 2021. Maersk CEO Soren Skou said on Tuesday that “we have to expect that some of that money will be used to buy goods that need to be transported.”
Still, running full steam has revealed how temperamental the backbone of the global trading system is when stretched: Crews are overworked, thousands of containers have tumbled overboard in high seas and the vessel blocking Suez threatens wider economic problems if it snarls traffic for more then a few days.
Read More: Suez Canal Snarled With Giant Ship Stuck in Top Trade Artery
Beyond the setbacks, ocean freight companies have been propelled by a confluence of factors. First, governments from Australia to Belgium kept consumers flush with cash and their financial systems liquid. Then China’s factories and American consumers recovered quickly from last year’s initial shocks and emerged from three years of supply-and-demand turmoil — a U.S.-China trade war followed by the pandemic — still intertwined.
“China remains the manufacturing floor of the world,” Cox said in early March. “There are problems that are real and need to be dealt with, but it doesn’t change the fact that China has built a very capable network that in the short run people will find very difficult to replace.”
Story continues

Interesting. But I think this will be a profit leader for shipping companies. It will not totally displace traditional shipping. There will still be a demand for the lowest rate.

 

[nightsafari]

Roger that. So can you recommend a cheaper brand? Lean times lah. Didn't know it was Canadian brand,

hey! I wanted to ask you.

did you check out my recommendation for family business?

 

[glockman]

ok... to be more precise, it was founded in the old Austro-Hungarian empire in a part now known as Czechia or to English speakers the Czech republic. Back nong nong ago before 1900.

Post ww2, thanks to the Socialists (oops! I meant to say communists), nationalizing all their European factories, the Bata family took off to Canada and actually founded a town there to produce bata shoes. You can read all about it here :

https://en.wikipedia.org/wiki/Bata_Corporation

So post ww2 Bata was really a Canadian concern run by a Czech immigrant family.

Anyways as a small boy growing up in Malaysia, it was the default brand for school shoes. So the association with low prices is there. But nobody knows it's long and very amazing history!!

There is always something new to learn everyday! Thank you for the education!