This is a thread on #China's dominant position on key components for new technologies, in particular #EVs. Check estimates by 2025 of @lithium refinery. China comes first by far, well above its mining capacity (1/4) via @business
My reading is that #China not really banning exports of solar panel critical materials yet but creating export licensing requirements. Thus, China can use the world's dependence on solar panels as the US does for semiconductors. #EU should watch out.
How can Hong Kong not been important of it hosts 70% of Mainland companies' IPOs overseas and 60% of their USD bond issuance?. Hong Kong holds the key of the Mainland's access to overseas financing and investment @Bruegel_org
Those claiming Hong Kong is no longer important to China don't show the full story. We need to look beyond GDP and consider China's soft spot: access to foreign capital with a relatively closed capital account - writes @Aligarciaherrer
>> bru.gl/2z90Ouz
The reality is that the #Chinese government will not allow the #Hongkong government to shut its in borders as other foreign countries would immediately follow suit with huge economic and reputational losses for the Mainland @SolomonYue
#WTO has just published a report with global projections. It is more than scary. Even #China will end #2020 with a big recession (-4%) in the best scenario (V shape)! 🙇♀️😭. If you don't want to spoil your Easter, dont even look at the L shape😱
I have a question for @TheEconomist: Why do you think #Spain's history is more tragic than that most European countries, including your #UK?. Spain had a civil war but you had your own bit and many more conflicts with #France than we did. Spain did not enter WWI or WWII.
Why has Spain’s history been so tragic? Most historians highlight a weak state, difficult geography and missed political opportunities econ.trib.al/lWHnRIc
#China’s 2024 GDP growth exactly on target (5.0028%!!). What a coincidence. Does this mean that China’s economy is doing so well that there is no need for further stimulus? 😅🤔
#Trump's #tariff world is starting to look quite different from what he announced during his campaign. #China was supposed to be hit with 60% additional tariffs while the rest of the world would need to put up with 10% tariffs, excluding - or so I thought -countries with free
Shortsighted view of #HongKong. It is #China’s most important offshore platform for bond issuance as well as IPOs for Chinese companies. Furthermore, a very large share of Chinese outward FDI goes through Hong Kong. GDP size is not all! @TheNewYorkTimes
In 1997, Hong Kong’s economy was one-fifth the size of China’s. By 2018, it was barely one-thirtieth the size of China’s. The mainland doesn't need Hong Kong the way it once did. nyti.ms/2NwMqGz