rigor

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Trump administration may half 145% China tariff to 50% next week: Report ๐Ÿคฃ in c/worldnews@lemmygrad.ml
[โ€“] rigor@lemmygrad.ml 10 points 1 day ago

But they where doing so well... Wait a second, tariffs didn't hurt China's exports? Oh nooooes

Trump administration may half 145% China tariff to 50% next week: Report ๐Ÿคฃ in c/worldnews@lemmygrad.ml
[โ€“] rigor@lemmygrad.ml 14 points 1 day ago

Makes much sense, half = 50%. They are making the tariffs half. Yes. Makes sense. definitely didn't say they will half 145% which would be something else entirely. No not at all.

China's foreign trade up 5.6 % in April, 'showing resilience against US tariffs' in c/worldnews@lemmygrad.ml
[โ€“] rigor@lemmygrad.ml 7 points 1 day ago* (last edited 1 day ago) (1 children)

China (15.7% in 2023) is currently near the world median youth unemployment rate. The CIA world Factbook has it at 93/201. What does that mean? You have to look at more that just that figure. Do Cuba (3%) and Liberia (2.3%) have similar economies? What about Italy (28.7%) and Iran (28.8%)?

Youth unemployment is defined as the percent of 15-24 year old persons who are seeking work but can't find it. Keep in mind 75% of youth is enrolled in tertiary education in China (World Bank) and the MoE says senior high enrollment is 91.6% in 2022 with an increasing trend.

So 15.7% of youth that can't find jobs is only out of those not already in school/university, and of course only counting those searching.

I can't point to the causal reason for a relative increase over previous years, but looking at increasing rates of education could explain less otherwise employed youth is getting their education, making the percent of unemployed youth greater. I'd have to look deeper at the statistics, but the point is don't look at a headline "China has this one bad stat" and make assumptions.

@cfgaussian@lemmygrad.ml you might find the stats interesting as well given your comment.

Edit: typo

China's foreign trade up 5.6 % in April, 'showing resilience against US tariffs' in c/worldnews@lemmygrad.ml
[โ€“] rigor@lemmygrad.ml 5 points 1 day ago (1 children)

Well, Biden (more likely his advisors and entourage) did try to have some mesure of an industrial policy and preemptive measures such as the CHIPS act. Obviously they where insufficient, poorly executed, inefficient, etc. so you are right in that they dialed to make similar preparations. That said we shouldn't discount the US, it is incompetent but still dangerous and attempting to find solutions to preserve it's hegemony. Let's hope it fails.

China's foreign trade up 5.6 % in April, 'showing resilience against US tariffs' in c/worldnews@lemmygrad.ml
[โ€“] rigor@lemmygrad.ml 4 points 1 day ago (1 children)

Ideally China could perfectly neutralize any nuke. But realistically, even a single nuke hitting a Chinese city would kill tens of millions in seconds. Not to mention, China would have to respond. The loss of life would be horrendous even if China had a very robust defense, the possibility of it failing and the magnitude of a single nuke getting by isn't worth it. The US, unfortunately, has a lot of nukes.

China's foreign trade up 5.6 % in April, 'showing resilience against US tariffs' in c/worldnews@lemmygrad.ml
[โ€“] rigor@lemmygrad.ml 11 points 1 day ago (5 children)

Well, don't tell US policy makers, they might have an aneurysm... Actually maybe tell them.

Increasingly incompetent administrations are heralding in a new multipolar world, let's just hope they don't resort to nukes.

China's foreign trade up 5.6 % in April, 'showing resilience against US tariffs' in c/worldnews@lemmygrad.ml
[โ€“] rigor@lemmygrad.ml 17 points 1 day ago (3 children)

It's interesting to see just how asymmetrical the repercussions are so far. Bodes well for China.

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China's foreign trade up 5.6 % in April, 'showing resilience against US tariffs' (www.globaltimes.cn)
 

China's total import and export value in April reached 3.84 trillion yuan ($531.46 billion), up 5.6 percent year-on-year. Exports stood at 2.27 trillion yuan, rising 9.3 percent, while imports totaled 1.57 trillion yuan, marking a 0.8 percent increase, according to data released by the General Administration of Customs on Friday.

China's trade in goods in the first four months of 2025 reached 14.14 trillion yuan, up 2.4 percent year-on-year, with the growth rate accelerating by 1.1 percentage points compared with the first quarter, which continued the steady growth trend, according to official data.

...

The exports during the four months surged by 7.5 percent to 8.39 trillion yuan, while the imports went down by 4.2 percent to 5.75 trillion yuan.

In terms of trading with major partners, ASEAN remains China's top trading partner, with the trade value reaching 2.38 trillion yuan, up 9.2 percent year-on-year, accounting for 16.8 percent of China's total trade during the period. China's exports to ASEAN surged by 12.6 percent to 1.48 trillion yuan, while imports grew by 4 percent to 895.17 billion yuan.

The EU was the second-largest partner, with the trade value topping 1.78 trillion yuan, recording a year-on-year increase of 1.1 percent and ranking 12.6 percent of the total trade. China's exports to the EU grew by 6.1 percent to 1.21 trillion yuan with the imports declining 8.1 percent to 563.59 billion yuan.

The US was China's third-largest trading partner, with the trade volume at 1.44 trillion yuan, down 2.1 percent and accounting for 10.2 percent of the total. China's exports to the US declined by 1.5 percent to 1.07 trillion yuan while imports dropped by 3.7 percent to 369.95 billion yuan.

China's trade with the Belt and Road Initiative partner countries in the first four months recorded a year-on-year increase of 3.9 percent to 7.25 trillion yuan.

The GAC noted that private enterprises recorded the imports and exports of 8.05 trillion yuan, marking a 6.8 percent year-on-year growth, which accounted for 56.9 percent of China's total foreign trade value and represented a 2.3 percentage points increase compared to the same period last year.

Foreign-invested enterprises reported import-export volumes of 4.1 trillion yuan, reflecting 1.9 percent growth and accounting for 29 percent of China's total foreign trade value.

Product-wise, electromechanical products accounted for more than 60 percent of exports, which recorded a year-on-year increase of 9.5 percent to 5.04 trillion yuan. Specifically, exports of automatic data processing equipment and components grew by 5.6 percent to 458.71 billion yuan. The exports of integrated circuits totaled 405.15 billion yuan, marking a 14.7 percent increase, while the automotive exports grew to 264.98 billion yuan with a 4 percent rise.

Global Times

https://www.globaltimes.cn/page/202505/1333661.shtml

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China's industrial profits surge 0.8% in Q1 driven by policy combinations, growth in equipment, high tech manufacturing: NBS (lemmygrad.ml)
 

Article doesn't go into it, but thats amid the trade war.