China lost the golden chance to spread its influence to EU by being stingy

[Korean]

When Europe was begging to China for a bail-out fund, China refused citing the "high-risks" associated with the bail-out.

Now Europe is being bailed out by a consortium of the US Federal Reserve, the ECB, and the central banks of Canada, Britain, Japan and Switzerland instead.

The end result is that China just lost the once in decades chance to spread its influence over Europe by refusing to be the financial savior of Europe. When faced with the exact same problem right after the WW2, the US chose to bail out bankrupt and totally destroyed Europe with the Marshall Plan which provided a massive reconstruction aid to Europe; and that plan established the US hegemony in Europe that lasted through half a century. And the US is leading the rescue plan of European debt crisis once again this time, even though it could hurt the US economy.

This is why China cannot become a global leader comparable to the US that it seeks to become, because the CCP leadership is so short-sighted, where they sacrifice long-term gains for an immediate gratification.

So what are the Chinese plans? Buy out troubled European assets on the cheap and root anything and everything that's worth! Who cares about saving the European economy and winning the gratitude of the Europeans? All that matters is turning a quick profit.

"We are not here to help; we are here to buy your best assets for pennies on a dollar" - Chinese Commerce Minister

http://www.theglobeandmail.com/repo...plum-european-assets-minister/article2251725/

China eyes plum European assets: minister
AILEEN WANG AND LUCY HORNBY
BEIJING— Reuters

China is preparing to buy up plum assets in Europe, the commerce minister said on Monday, as the escalating debt crisis leaves countries in the region increasingly vulnerable to the deep pockets of Chinese firms.

“Some European countries are facing a debt crisis and hope to convert their assets to cash and would like foreign capital to acquire their enterprises,” he told a gathering of Chinese firms with overseas investments.

Instead, China may be more interested in investing in solid assets, such as companies or infrastructure. Some Chinese intellectuals argue that now is the time for Beijing to negotiate hard, securing access to, control over, or even ownership of some of Europe’s best brand names, companies and intellectual property.

Mr. Chen warned, however, that China may fight back if other countries use trade protectionism to block purchases. Chinese officials repeatedly emphasize that overseas deals have fallen through because of political opposition; although far more Chinese purchases have gone through without difficulty.

Last week, the Icelandic government rejected a plan by Chinese multimillionaire developer Huang Nubo to buy 300 square km (186 sq. miles), saying the plan did not meet legal requirements on foreign ownership.

Mr. Huang said the response revealed Western “hypocrisy and deep prejudice.” Foreigners wrongly assume Chinese companies have ties to China’s military, he said.

 

[IndoCarib]

And because of falling demand in EU, China's manufacturing machine took a hit. So its all coming back to haunt China. So in a way by saving EU, China could have saved it self

Steep fall in China factory output

 

[anon45]

When Europe was begging to China for a bail-out fund, China refused citing the "high-risks" associated with the bail out.

Now Europe is being bailed out by a consortium of the US Federal Reserve, the ECB, and the central banks of Canada, Britain, Japan and Switzerland instead.

The end result is that China just lost the once in a decades chance to spread its influence over Europe by refusing to be the financial savior of Europe. When faced with the exact same problem right after the WW2, the US chose to bail out bankrupt and totally destroyed Europe with the Marshall Plan which provided a massive reconstruction aid to Europe; and that plan established the US hegemony in Europe, and the US chose to bail out Europe again this time, even though it could hurt the US economy.

This is why China cannot become a leader comparable to the US, because the CCP leadership is so short-sighted, where they sacrifice long-term gains for an immediate gratification.

You know, I was going to disagree with you and state that this action might not necessarily have meant influence for China, but you do have a good argument.

China has missed a chance to dilute a US-Europe relationship that has existed since WW2. The US didn't bail out Europe after WW2 so they would support the US, they bailed out Europe so they wouldn't turn to communism.

China may have missed that point. The verdict is still out on whether this was the best course of action for China, or whether China made a geopolitical blunder that further cemented US-Europe ties, but any chance that Europe might have lessened arms embargoes or lessened ties and interests with the US is probably out the window for the time being, the hopes of waiting for a better deal look fruitless.

 

[Adnan Faruqi]

china's arrogance and illusion that world will fall without it have caused this loss to china.

Also, china is not known for its smartness but because of cheapest manufacturer of everything.

 

[Götterdämmerung]

Err, whe are not out yet. The scheiß is long from over yet. How I wished this whole nightmare would just disappear. The latest news is the EFSF is not working as 500 billion is still missing. Is there anyone who has 500 billion to give us?


Korean, if you know nothing about this crisis, just don't start a thread to make some cheap points. Pathetic!

 

[Lyrical Mockery]

cheapest manufacturer of everything.

i would disagree with that part. China, today, manufactures top-end products as well. ZTE mobiles is a very good example (they make the phones that Dell sells in India).
So, maybe, in India China sells cheap products, but they manufacture a lot of top-end products whose primary consumers are the western nations.

 

[JohnyD]

china's arrogance and illusion that world will fall without it have caused this loss to china.
Also, china is not known for its smartness but because of cheapest manufacturer of everything.

yes...in simple words today china is arrogant, illusioned and cheap.....ccp is just exploiting its own people and publishing its own stuff using its own mouthpeice.....most foreign and indepdent analyst are banned...so its like...you show me yours or i want to see yours..but i wont show you mine..bcoz...bcoz...bcoz....mine is very small.....lol

 

[Götterdämmerung]

Also, china is not known for its smartness but because of cheapest manufacturer of everything.

Where is the Indian equivalent of Huawei, Lenovo, Haier and ZTE? If you count the people of Hongkong and Taiwan as ethnically and culturally Chinese then India would look even worse.


"Six African countries (Equatorial Guinea, Gabon, Botswana, Mauritius, South Africa and Namibia) have per capita GDP higher than China. And China's per capita GDP is less than one-tenth of the US."

Put India at the place of China and the outcome would look pathetic.

 

[isro2222]

Its shocking because bailing out europe would had helped chinese economy.... And also europe would had thanked china.... But this shows the thinking power of communist nation.... Got no idea what happened to china's thinking.... They taking weird decisions.... Threatning small nations and not leting them even fishing (food source, livelyhood)....

 

[Lyrical Mockery]

Maybe China let USA take the risk.

just an opinion.

 

[hunter_hunted]

china's arrogance and illusion that world will fall without it have caused this loss to china.

Also, china is not known for its smartness but because of cheapest manufacturer of everything.

Man thats a very bold comment from one who also manufacture cheap products take an example of AKASH a very good product for those who can't afford IPAD even I hate apple products y should I go for Apple IPAD when AKASH is available in market(although i dont have use of either)

And ur TV,mobile , Monitor even the keyboard through which u(Keyboard warrior) fire ur words might be made of China.

Even my monitor is made of China(Samsung) and damn it has a great display


so China thanks

 

[FairAndUnbiased]

When India can come up with its own Huawei, ZTE, Haier, Lenovo, SMIC, Galanz, Midea or Shanghai Electric, let me know.

 

[JohnyD]

When India can come up with its own Huawei, ZTE, Haier, Lenovo, SMIC, Galanz, Midea or Shanghai Electric, let me know.

I only heared about Lenovo that too bcoz u bought it from IBM....Lenovo is being sold in India as part of IBM brand...

Just to counter this one...do you know Jaguar and Land Rover brands.....???? basically they are owned by Indian automobible Tata Motors.....do you know Corus???? ohhhk..let me tell u...it is owned by Tata Steel.....do u know novelis???? it is owned by Hindalco....and so on...

we still ve huge opportunities locally hence many of our companies are not going global with big bang....but u ll feel it soon...

 

[Lyrical Mockery]

Lenovo is not being sold to India just cuz some Indian is buying IBM, the two are different entities.

and yeah, last i heard, the Chinese bought Volvo.

In any case these are entities owned by Indian citizens and not state owned like those in China, so we can't lay claim over jaguar or land rover. It is kind of funny how some of us Indians become so excited whenever Tata buys some foreign company as if he is gonna give it to us.

---------- Post added at 01:10 AM ---------- Previous post was at 01:09 AM ----------

add Godrej, Bajaj, wipro also

Infosys...

 

[FairAndUnbiased]

I only heared about Lenovo that too bcoz u bought it from IBM....Lenovo is being sold in India as part of IBM brand...

Just to counter this one...do you know Jaguar and Land Rover brands.....???? basically they are owned by Indian automobible Tata Motors.....do you know Corus???? ohhhk..let me tell u...it is owned by Tata Steel.....do u know novelis???? it is owned by Hindalco....and so on...

we still ve huge opportunities locally hence many of our companies are not going global with big bang....but u ll feel it soon...

No one would claim that Land Rover and Jaguar are Indian technologies, just as no one would claim Volvo, owned by Geely Motors, is a Chinese car.

Huawei, ZTE, Lenovo, SMIC, Galanz, Midea, and Shanghai Electric are all totally native with very few foreign acquisitions. Instead, they just push out foreign markets.

If you haven't heard of them, that's your problem. I bet you never heard of Applied Materials or Teradyne either.