China Rejects US Calls to Impose Sanction on Russia, Chinese media backlash at US
28 replies, posted
[IMG]http://si.wsj.net/public/resources/images/P1-BQ190_LIONDO_G_20140521220143.jpg[/IMG]
[QUOTE]China's foreign ministry has rejected calls from the US to place sanctions on Russia's economy.
In an interview with Lithuanian news outlet Alfa, Daniel Fried, the US co-ordinator for sanctions policy said that the government has already lobbied East Asian countries such as South Korea to follow suit regarding sanctions and that it is in "consultation" with China.
China's response to the call was muted. A spokesperson for the foreign ministry told Russia's ITAR-TASS: "The Ukrainian crisis requires a political solution. In a real situation, sanctions do not solve the problem; on the contrary, they might cause new problems which do not meet the interests of all sides and the initial intention to resolve the crisis.
"China calls upon all the parties to keep calm and exercise restraint, helping to promote peace talks, seek a political solution of the existing problems, and avoid the actions fraught with aggravation of contradictions and escalation of tensions, in order to ensure peace and stability in the region."
Previously China has intimated that it does not believe in the efficacy of sanctions, with official news channels also publishing doubts as to whether Russia was responsible for downing Malaysia Airlines flight MH17, the event which ushered in stricter sanctions.
A contemporaneous editorial in the Global Times read: "The Western rush to judge Russia is not based on evidence or logic. Russia had no motive to bring down MH17; doing so would only narrow its political and moral space to operate in the Ukrainian crisis. The tragedy has no political benefit for Ukrainian rebel forces, either.
"Russia has been back-footed, forced into a passive stance by Western reaction. It is yet another example of the power of Western opinion as a political tool."[/QUOTE]
[url]http://www.ibtimes.co.uk/china-rejects-us-calls-impose-sanction-russia-1462275[/url]
China just wants to make money.
Since they own bonds in so many nations, sanctions will hurt their investments...
*snip*
Those commie bastards! Conspirin' and a plottin' THEY"LL NEVER TAKE MY GUNS!
Sino-Russian relations have been improving and getting closer over the past decade, it's not surprising they don't want to sever that rise; especially at America's request.
China, like the US, really gains nothing from intervening in this crisis in any way. The difference is, China doesn't have any real allies in Europe, so they don't have to put up a facade of support.
[QUOTE=Explosions;45778374]China, like the US, really gains nothing from intervening in this crisis in any way. The difference is, China doesn't have any real allies in Europe, so they don't have to put up a facade of support.[/QUOTE]
Now what if Oil was discovered in Ukraine?
[QUOTE=TornadoAP;45778399]Now what if Oil was discovered in Ukraine?[/QUOTE]
Joke was old 5 years ago.
[QUOTE=Emperor Scorpious II;45778670]Joke was old 5 years ago.[/QUOTE]
It's also note worthy that just of last year they hit the same level of oil production as they had back in 1989 under Saddam's regime. If it truly was a war for oil, wouldn't more oil be produced and not less?
Not surprising.
China still wants to distance itself from us and be less reliant on exports and bonds to the US. It would allow them to be more aggressive in foreign policy without suffering damaging sanctions.
Of course, China should be focusing on the Civil War conditions rapidly growing inside their own borders.
USA doesn't need china or USSR v2 to live.
[QUOTE=JohnFisher89;45782191]USA doesn't need china or USSR v2 to live.[/QUOTE]
Except the only reason the US economy has not (yet) collapsed is because of Chinese loans.
[QUOTE=Speedfalcon;45784548]Except the only reason the US economy has not (yet) collapsed is because of Chinese loans.[/QUOTE]
except the only reason the Chinese economy has not (yet) collapsed is because of International loans
The word "collapse" is used too freely nowadays.
Everyone thinks everything is going to collapse. What the hell does collapse even mean.
[QUOTE=Sableye;45784635]except the only reason the Chinese economy has not (yet) collapsed is because of International loans[/QUOTE]
Don't know about that, seems like both China and Russia are doing pretty well at the moment:
[b]"Government debt as a percent of GDP"[/b]
[img_thumb]http://upload.wikimedia.org/wikipedia/commons/2/2a/Government_debt_gdp.jpg[/img_thumb]
Source: [url]http://en.wikipedia.org/wiki/List_of_countries_by_public_debt[/url]
[QUOTE=Swebonny;45784727]The word "collapse" is used too freely nowadays.
Everyone thinks everything is going to collapse. What the hell does collapse even mean.[/QUOTE]
Right now the problems are dealt with by printing more dollars, which makes each individual dollar less valuable. This in-turn is making Chinese goods more expensive, as the Yuan costs more dollars to purchase. The Chinese are only investing money in the US for a simple reason - if they suddenly decide to trade over a trillion USD (that they are earning by selling their goods in the US) into Yuan, the value of the Yuan will double, making their goods far too expensive to their number one customer - America. The US has another option - to significantly raise taxes, as this is the only way the country has any chance to repay the debt - or (if nothing is done for a long enough while) just to repay the interest on that debt. However, significantly raising taxes will cause not only a huge number of nation-wide riots but will also mean that the average american will have a lot less money to spend on - you guessed it - Chinese goods. This means that there is currently no easy way out of the situation unless China continues to invest money into US government bonds - while the US knows that each bond it sells puts it even further into debt, weakening the economy even further.
[QUOTE=Speedfalcon;45784737]Don't know about that, seems like both China and Russia are doing pretty well at the moment:
[b]"Government debt as a percent of GDP"[/b]
[img_thumb]http://upload.wikimedia.org/wikipedia/commons/2/2a/Government_debt_gdp.jpg[/img_thumb]
Source: [url]http://en.wikipedia.org/wiki/List_of_countries_by_public_debt[/url]
Right now the problems are dealt with by printing more dollars, which makes each individual dollar less valuable. This in-turn is making Chinese goods more expensive, as the Yuan costs more dollars to purchase. The Chinese are only investing money in the US for a simple reason - if they suddenly decide to trade over a trillion USD (that they are earning by selling their goods in the US) into Yuan, the value of the Yuan will double, making their goods far too expensive to their number one customer - America. The US has another option - to significantly raise taxes, as this is the only way the country has any chance to repay the debt - or (if nothing is done for a long enough while) just to repay the interest on that debt. However, significantly raising taxes will cause not only a huge number of nation-wide riots but will also mean that the average american will have a lot less money to spend on - you guessed it - Chinese goods. This means that there is currently no easy way out of the situation unless China continues to invest money into US government bonds - while the US knows that each bond it sells puts it even further into debt, weakening the economy even further.[/QUOTE]
Debt to GDP is meaningless outside of political points for fiscally conservative parties. There is nothing wrong with public debt and deficits, and a high debt to GDP through a long term accumulation of debt doesn't necessarily say that the debt is a structural problem. Also, government deficits don't 'weaken' an economy, they actually create an economic surplus.
China's economy, as with all the BRIC economies, are far more volatile than that of the United States or most of the developed world.
[editline]24th August 2014[/editline]
[QUOTE=Speedfalcon;45784548]Except the only reason the US economy has not (yet) collapsed is because of Chinese loans.[/QUOTE]
Most public debt (or at least, the largest portion) owed by the US government is to within the US.
[QUOTE=Sam Za Nemesis;45782020]TBH the whole sanctions are pretty stupid and I wish both sides could solve that like grown up men[/QUOTE]
Exactly.
This seems to only strengthen Russia in long term (which defeats the purporse) and makes both sides loose money pointlessly, thus slowing the world economy as a whole.
They're right though.
[quote]"The Ukrainian crisis requires a political solution. In a real situation, sanctions do not solve the problem; on the contrary, they might cause new problems which do not meet the interests of all sides and the initial intention to resolve the crisis.
"China calls upon all the parties to keep calm and exercise restraint, helping to promote peace talks, seek a political solution of the existing problems, and avoid the actions fraught with aggravation of contradictions and escalation of tensions, in order to ensure peace and stability in the region."[/quote]
[QUOTE=Speedfalcon;45784737]Don't know about that, seems like both China and Russia are doing pretty well at the moment:
[b]"Government debt as a percent of GDP"[/b]
[img_thumb]http://upload.wikimedia.org/wikipedia/commons/2/2a/Government_debt_gdp.jpg[/img_thumb]
Source: [url]http://en.wikipedia.org/wiki/List_of_countries_by_public_debt[/url]
Right now the problems are dealt with by printing more dollars, which makes each individual dollar less valuable. This in-turn is making Chinese goods more expensive, as the Yuan costs more dollars to purchase. The Chinese are only investing money in the US for a simple reason - if they suddenly decide to trade over a trillion USD (that they are earning by selling their goods in the US) into Yuan, the value of the Yuan will double, making their goods far too expensive to their number one customer - America. The US has another option - to significantly raise taxes, as this is the only way the country has any chance to repay the debt - or (if nothing is done for a long enough while) just to repay the interest on that debt. However, significantly raising taxes will cause not only a huge number of nation-wide riots but will also mean that the average american will have a lot less money to spend on - you guessed it - Chinese goods. This means that there is currently no easy way out of the situation unless China continues to invest money into US government bonds - while the US knows that each bond it sells puts it even further into debt, weakening the economy even further.[/QUOTE]
"I looked at map from a Wikipedia article! I understand economics now!"
[QUOTE=Speedfalcon;45784548]Except the only reason the US economy has not (yet) collapsed is because of Chinese loans.[/QUOTE]
Fun fact:
[B]AMERICANS OWN MOST OF THE FUCKING DEBT. STOP BLAMING CHINA.[/B]
[editline]24th August 2014[/editline]
The thing is, I don't actually find China Threatening because all they're trying to do is create a regional hegemony.
What I find threatening is when everyone else starts doing it because that's what leads to war. Every major war that has ever occured is because of regional hegemonies fighting over resources.
Russia is pretty volatile atm; I think this was right of them to do this
Whatever, China. Do as you see fit, it's your country and if it is not in your best interests to support action against those who wish to commit crimes against human rights, that's your decision to make.
[QUOTE=Swilly;45786872]Fun fact:
[B]AMERICANS OWN MOST OF THE FUCKING DEBT. STOP BLAMING CHINA.[/B][/QUOTE]
I'm curious as to how that's supposed to work.
[QUOTE=helpiminabox;45788191]I'm curious as to how that's supposed to work.[/QUOTE]
US money is made and borrowed on the idea that Americans pay their taxes which helps pay for things like debt payments and such.
US Debt is borrowed against the stability of the US economy.
[QUOTE=draugur;45786956]against those who wish to commit crimes against human rights[/QUOTE]
Strong words coming from a country who use drone strikes
[QUOTE=Dark RaveN;45788258]Strong words coming from a country who use drone strikes[/QUOTE]
Using a jet is the exact same thing.
[QUOTE=helpiminabox;45788191]I'm curious as to how that's supposed to work.[/QUOTE]
Government bonds.
[QUOTE=Dark RaveN;45788258]Strong words coming from a country who use drone strikes[/QUOTE]
Only difference between a drone and a normal jet being that the drone's pilot isn't put in harms way to pilot the damn thing. Also just because my country has done something doesn't mean I A. support that something and B. that my opinion is invalid because of the acts of a government I have literally no say in. Grasp at straws harder, your stupidity is showing.
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