Sepia

u/Sepia@mander.xyz
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At the same time, Putin Urges Businesses to Back Russian Innovation as State Funding Shrinks.

Moscow universities face higher competition for tuition-free university spots as paid seats are being eliminated while military quotas expand.

And Russia’s healthcare crumbles amid Putin’s war with Ukraine, one of the biggest consequences being a massive exodus of skilled specialists from the medical profession, as the number of doctors has declined from 800 000 to less than 600 000 from 2014 to 2026.

Russia spends more on military and disinformation campaigns than it spends for education, science, healthcare.

At the same time, Putin Urges Businesses to Back Russian Innovation as State Funding Shrinks.

Moscow universities face higher competition for tuition-free university spots as paid seats are being eliminated while military quotas expand.

And Russia’s healthcare crumbles amid Putin’s war with Ukraine, one of the biggest consequences being a massive exodus of skilled specialists from the medical profession, as the number of doctors has declined from 800 000 to less than 600 000 from 2014 to 2026.

Russia spends more on military and disinformation campaigns than it spends for education, science, healthcare.

Can you stop hyperfocusing on that?

I am not 'hyperfocusing.' The topic here is the threat that posed by China, Russia, NK. They are a threat not just to Ukraine and the Indo-Pacific region, but to the entire world. We see that now as China, through its decisive support for Russia, is a threat to Ukraine and, therefore, Europe. And the same could happen in Asia, which is what this article is about.I am fully on topic.

Don't know why you bring up 'conservatives' Japan, the threat comes from somewhere else.

China's military build-up over the last three decades - the larges in history during peace time - and its war games in the region are well-documented. Some of its diplomats even openly threatening officials and citizens of foreign countries.

China and North Korea are also heavily supporting Russia in its invasion of Ukraine.

Don't know why you distract from these simple facts.

I never understood the MMT and what it's good for. The theory - if it is a theory at all - has many flaws that don't add up in my humble opinion. It also reminds me more on Keynes (which has as many flaws imo) than on Money Theory. But that's just my 2 cents, maybe I am wrong.

I will point out that nobody has actually printed the text of the law or the internal logic of why they felt that this law is necessary or beneficial.

Here is an English translation of China's Ethnic Unity and Progress Law, passed on March 12, 2026.

Most relevant to the article is Article 63:

Organizations and individuals outside the [mainland] territory of the P.R.C. that commit acts aimed at the P.R.C. that undermine ethnic unity and progress or create ethnic division are to be pursued for legal responsibility in accordance with law. [Emphasis mine.]

So it effectively extends Chinese law to foreign countries.

You'll find numerous reports and statements published by non-U.S. media outlets, legal scholars, human rights organizations, and other experts from around the world.

Edit: Btw, the article is written by a Canadian researcher.

This @alcoholicorn@hexbear.net is only a propaganda troll with an extraordinarily weird communication style: a high degree of pseudo-intellectual tone and comments that are frequently unrelated to the issues posted. They sound like a teenager in delayed puberty pretending to understand something better than all others.

(I'm sorry, I know we should be friendly, but this account lacks any form of respect for other people's opinions, and they are acting apparently in bad faith.)

The headline is grossly misleading.

Here is the link to the original report:

As a reason why planted forests grow faster (and why it has a bad long-term effect on the climate) it says,

Planted forests ... tend to feature fast-growing species like eucalyptus and poplar and are often actively managed, with people removing competing vegetation and even fertilizing them. These interventions reduce competition for light, water, and nutrients ... This discrepancy peaks in planted forests when trees are around 30 to 40 years old and then declines noticeably after age 40. In contrast, natural forests grow more slowly but steadily, so have an advantage over the long term.

From 2000 to 2020, China experienced a net change of 2.1 Mha - that's 0.96% - in tree cover, according to Global Forest Watch.

To get a full picture: China has historically a net rate of forest loss, but since 2000 it has implemented a series of large-scale forest restoration programmes that gained it a positive tree cover rate (although this doesn't necessarily contribute to the fight against climate change, as the Chinese study cited in the article also says).

But at least China's record of reforestation is positive regarding tree cover in this millenium.

However, when it comes to the deforestation linked to China's imports, the picture is far worse. China is a major importer, processor, and exporter of forest- and land-use–related commodities.

A 2025 Forest Trends report found that China's agricultural and timber imports drove an annual loss of more than 400,000 hectares (ha) of tropical forest - four million ha in total - in the period between 2013 and 2022. This comes at the expense of the climate, as well as the natural world: the same report found that this amounted to as much as 5% of carbon emissions from tropical deforestation during this period.

  • China's imports are associated with massive tropical deforestation, particularly in Brazil and Indonesia.

  • Imports of palm oil, beef (including buffalo meat), soybeans and plantation timber are the biggest contributors to China's imported deforestation.

  • Cattle production is the largest single driver of global deforestation, and 42% of exports from Brazil, the world's top beef exporter, go to China.

  • China is the world's largest importer and consumer of soybeans, which contribute 18% of global deforestation.

  • China is also among the top global consumers of palm oil, importing large volumes from Malaysia and Indonesia.

  • Rubber, maize, cocoa, cassava and coffee are among other commodities responsible for China's imported deforestation.

  • Almost 70% of China’s tropical deforestation footprint comes from forests illegally converted for commercial agriculture and timber plantations.

But I guess OP will continue forwarding pro-China propaganda headlines from the tankie comms under - in my opinion - a weird pretext. Don't get me wrong, this is not to say that someone - including me, of course - can post some shitty source once in a while, but just forwarding from ml all the time ends up almost automatically in a series of nothing burgers.

[Edit typo.]

For the time being I trust the U.S. statistics.

The Chinese official data is mostly rubbish. As for the trade data: Since the beginning of the pandemic, China’s own official balance of payments trade surplus even diverges significantly from China’s customs trade surplus, particularly since 2022.

The obvious objective for cooking the books: China is artificially reducing its trade surplus.

We would think that if a foreign firm (or a joint venture between a foreign firm and a Chinese firm operating in China) is manufacturing goods in China for sale in China, the deal would not end up in China's official trade balance, because no good crosses the border.

However, Chinese officials seem to have a different view. In its balance of payments data, China basically reports a trade deficit with itself because of foreign firms producing in China.

Appendix VII of the International Monetary Funds's China Assessment in 2024 - opens pdf - which is when the change in China's statistics was evident - is very revealing.

The divergence seems to be mainly caused by the difference in methodologies to record imports and exports of goods in BOP {Balance of Payments] and Customs. In BOP, imports and exports of goods are recorded when ownership of the goods is transferred between residents and nonresidents regardless of the location of the goods. Customs records imports and exports of goods when the goods physically cross the border of China regardless of ownership of the goods.2 The methodological difference is particularly relevant in the recording of imports and exports related to global production arrangements (e.g., factoryless manufacturing) where nonresident enterprises (e.g., multinational enterprises) outsource part of production to contractors in China

Factoryless is, in this case, the wrong concept as the factories are all in China, they are just (partly) owned by a foreign company.

If the foreign firm then sells the goods that a contract manufacturer produced for it inside China, these goods are counted as an import in the balance of payments data.

As we can reasonably assume, the firms' sales prices for the goods are usually higher than prices the contractors have billed them. The result, therefore, is a trade deficit in the balance of payments.

Simply speaking, if a foreign firm in China produces goods for the Chinese domestic market, it generates a trade deficit, and, therefore, China produces a trade deficit with itself.

The linked IMF report states,

Since 2019, the Customs-based trade surpluses have been persistently above the BOP-based surpluses, with the gap widening significantly over time. In 2023, China’s BOP goods trade surplus was USD 594 billion while Customs recorded a surplus of USD 823 billion, a difference of USD 229 billion or 1.3 percent of GDP.

And:

Exports and imports arising from factoryless manufacturing seem to have been reducing China’s overall goods trade surplus in BOP. When a Chinese contractor sells produced goods to the nonresident enterprise that outsourced the production, exports of goods are recorded in BOP even if the goods remain in China (e.g., in warehouses). If the nonresident enterprise subsequently sells the goods in China, imports of goods are recorded in BOP. Given that the Chinese contractors’ ex-factory price for the nonresident enterprise (China’s exports) is normally lower than the nonresident enterprises’ wholesale price for Chinese distributors (China’s imports), these transactions result in a deficit in the goods trade balance in BOP. Customs does not record exports or imports for these transactions because the goods never cross the border. So, these transactions do not reduce the trade surplus recorded by Customs while they do in BOP.

All this, of course, makes no sense.

And this is one reason why you can't trust Chinese official data.

For the time being I trust the U.S. statistics.

The Chinese official data is mostly rubbish. As for the trade data: Since the beginning of the pandemic, China’s own official balance of payments trade surplus even diverges significantly from China’s customs trade surplus, particularly since 2022.

The obvious objective for cooking the books: China is artificially reducing its trade surplus.

We would think that if a foreign firm (or a joint venture between a foreign firm and a Chinese firm operating in China) is manufacturing goods in China for sale in China, the deal would not end up in China's official trade balance, because no good crosses the border.

However, Chinese officials seem to have a different view. In its balance of payments data, China basically reports a trade deficit with itself because of foreign firms producing in China.

Appendix VII of the International Monetary Funds's China Assessment in 2024 - opens pdf - which is when the change in China's statistics was evident - is very revealing.

The divergence seems to be mainly caused by the difference in methodologies to record imports and exports of goods in BOP {Balance of Payments] and Customs. In BOP, imports and exports of goods are recorded when ownership of the goods is transferred between residents and nonresidents regardless of the location of the goods. Customs records imports and exports of goods when the goods physically cross the border of China regardless of ownership of the goods.2 The methodological difference is particularly relevant in the recording of imports and exports related to global production arrangements (e.g., factoryless manufacturing) where nonresident enterprises (e.g., multinational enterprises) outsource part of production to contractors in China

Factoryless is, in this case, the wrong concept as the factories are all in China, they are just (partly) owned by a foreign company.

If the foreign firm then sells the goods that a contract manufacturer produced for it inside China, these goods are counted as an import in the balance of payments data.

As we can reasonably assume, the firms' sales prices for the goods are usually higher than prices the contractors have billed them. The result, therefore, is a trade deficit in the balance of payments.

Simply speaking, if a foreign firm in China produces goods for the Chinese domestic market, it generates a trade deficit, and, therefore, China produces a trade deficit with itself.

The linked IMF report states,

Since 2019, the Customs-based trade surpluses have been persistently above the BOP-based surpluses, with the gap widening significantly over time. In 2023, China’s BOP goods trade surplus was USD 594 billion while Customs recorded a surplus of USD 823 billion, a difference of USD 229 billion or 1.3 percent of GDP.

And:

Exports and imports arising from factoryless manufacturing seem to have been reducing China’s overall goods trade surplus in BOP. When a Chinese contractor sells produced goods to the nonresident enterprise that outsourced the production, exports of goods are recorded in BOP even if the goods remain in China (e.g., in warehouses). If the nonresident enterprise subsequently sells the goods in China, imports of goods are recorded in BOP. Given that the Chinese contractors’ ex-factory price for the nonresident enterprise (China’s exports) is normally lower than the nonresident enterprises’ wholesale price for Chinese distributors (China’s imports), these transactions result in a deficit in the goods trade balance in BOP. Customs does not record exports or imports for these transactions because the goods never cross the border. So, these transactions do not reduce the trade surplus recorded by Customs while they do in BOP.

All this, of course, makes no sense.

And this is one reason why you can't trust Chinese official data.

[Edit for clarification.]

According to data from the Chinese government, even U.S. imports from China are on the rise ...

This is not true.

U.S. imports from China in the first five months 2026 are around a third lower than in the comparable 2025-period, according to the U.S. census data (you can safely forget trade data published by the Chinese government, especially since Beijing introduced a very weird methodology to calculate its export/import data during the pandemic).

U.S. imports from China in 2025 were around a third lower than in 2024.

Of course, any perceived inflation benefit of importing must be offset by the fact that domestic producers are potentially being undercut, making their businesses less prosperous.

Unfortunately, Goldman Sachs, which was one of the first Western banks to open a Chinese branch in China more than 30 years ago with strong ties to the ruling party, does not elaborate here.

The 'perceived inflation benefit' (is the inflation now perceived or real?) comes at a lower GDP, lower level of employment, and, therefore, a lower disposable income for other markets (such as Europe); not to forget that it makes countries vulnerable for Chinese political and economic coercion as we have increasingly seen in recent years.

It is particularly noteworthy that the alleged inflation is being paid to a large extent by people in China and China-controlled supply chains who work under forced labour schemes.

These are major points in my opinion which Goldman Sachs has forgotten to mention.

“Although the main driver of our relatively benign inflation outlook is that domestic supply and demand broadly appear in balance, ...

I don't understand that. Domestic supply and demand isn't in balance in China, that's for sure. Maybe someone can enlighten me.