Where is the huge trade surplass?

Where is the huge trade surplass?

After the unfortuante Sichuan Disaster many fund raising and donation campaings have been organised. Here, I have a question; China has a huge trade surpluss. (around $ 1,5 B). With so much money at hand, simply Chinese goverment could utilise part of this money in rescue of the suffered. Why asking people to donate anymore? I am not suggesting that we should not donate, but wondering if there is any macro economic reason for not mobilising this huge fund.


Chinese Government Already Sent Money

 Hello,

The Chinese government  already sent money and will continue to send money.  And it also takes money to run the rescue operation. 

Actually, I think the Chinese government is more responsive and responsible than the US government in handling any current US crisis.

C.G.

Structural integrity

Perhaps some investment should be made to impove the structural integrity of school buildings etc and some legal requirements for new bulidings to ensure that they are earthquake proof as far as possible.

Relief

Thank you for the post, E. G. I am pretty much sure that Chinese goverment is much more efficient and responsive than my country. We had a big earthquake (8.2) with 50.000 dead and our goverment screwed up in rescue and relief business all the way. Our politicians are way too corrupted to the extend that they steal the money and goods that is sent for the earthquake victims. BTW, I am not american.

government response

The Chinese miiltary acts as the relief/rescue force during disasters like this and so the government is spending a huge sum of money from its budget(perhaps this is within the military budget) to handle the problem. I also imagine the local and national government's will foot a huge bill for reconstruction costs later. Most of the personal aid and donations will probably go to take care of basic relief needs; tents, food, clothing, etc

There is a difficult balance between the costs required to make schools and buildings "safe" from conceivable natural disasters and constructing schools/buildings cheaply enough for as many as possible to be able to get an education. Certainly events like this will cause some rethink in school design, but earthquakes in that area of this size are very unusual occurences. Risk cannont be eliminated, only managed.

At this point it would be premature to really judge the response: how effective it is or what could be improved. That analysis will come later. I wonder, does Posturepaal have a degree in disaster response, rescue policy related field or some other special information not available to the public or are his "feelings" about how the efforts compare with US simply that, personal perception without any factual basis?

Just my feelings

 Its just my feelings.

C.G.

According to China gov.

According to China gov. usual operation, they will build a much better home for victims. And of course, they will not forget to make songs for gov. and communist… We used to it. I am sure we do not need much money anymore; China today is not China yesterday. She is strong enough to carry its responsibility. However, when we donate the money to victims, we just try to show to them that we care and we are worried for them. If I cannot go to frontline myself, yes pls pass a bottle of water from me. I trust our gov. and I am sure my money will be useful. This money is just like when we go to a wedding we will give host some money, it is not because they need money, but we just try to show that we are a part of it.I am not a nationalist, but I just cannot understand how American gov. will donation $500K? Are they giving a tip to a beggar?

 

The government has already

The government has already spent the money in the rescuing  and I hope US currency could drop more..hehe

Well, US gov donates a bit

Well, US gov donates a bit more yesterday.No more depreciation, a lot of factories are closing by now~~~~  Do you know over 70% textile factories are getting nothing this year, and 30% shoes factories are closed. US tries to use deprecation and let other countries to carry its economic recession I know about 300 Billion dollars of china foreign currency had gone because of this.     Rocky

rocky

well rocky, from your posts it is clear that you know basically nothing about international economics, finance, or banking. 

Chinese banks didn't collect these foreign currency reserves out of charity, they were investments.

No, I actually did my study

No, I actually did my study for years, I graduate from that. (Although I threw it back to my school already) We buy stocks and debenture from US couple of years ago, when rate is at 1:8.2 and when we take it back this year, you will know our losses. Come back to petrol, oil are traded at US rate, and we  definitely spend much more to buy it. When US had enough so called "strategic reserve" and we get nothing in our petrol tank. Who is one carrying most responsibility?  Why everybody is complaining that Chinese consumes much more resources while a big portion is exported to other part of world at a very cheap rate. In the same time, when people are living a comfortable live in western countries and keep on saying that Chinese and Indian are using too much natural resources. We also need to feed their stomach and improve a little basic living as well right? Well, it is just a kind of discussion, no offence by any means.    Rocky  

 

By the way, just for this

By the way, just for this topic. Chinese Gov declared yesterday to spend 77 billion yuan to rebuild earth quake area this year, and same budget for next three years.C.g: I am not really that nationalism, if you feel like my words will bring threats or dangerous to this website, we can end up anytime.

 

oil prices

well oil is not more expensive because the US dollar has declined in value. Oil prices have risen because of increased demand, particularly in developing countries. China's demand for oil will continue to increase, especially if the Chinese government continues to subsidize oil for consumers but criticism of China's oil use by many countries is hypocritical. China still consumes relatively little per head.

 

about "threats"

and I think you misunderstood some of the posts you read about people making "threats". No one is going to accuse you of being threatening just for strongly arguing/debating. Threats of physical violence..."i'll beat you", "if you say that, I'll kick your ass" etc., are not allowed. Posts that threatened other members physically were deleted, and so you didn't read them on the threads. No one has been banned for being nationalistic, ignorant, gay, or simply an asshole(or else i would have been kicked out long ago). Just avoid threatening other members with physical harm.

Re: "Why asking people to donate anymore?"

Actually many people donated voluntarily. I watched on TV that even poor migrant workers and aged retirees emptied their wallets..........I salute these people.

about "threats" and I think

about "threats"

and I think you misunderstood some of the posts you read about people making "threats". No one is going to accuse you of being threatening just for strongly arguing/debating. Threats of physical violence..."i'll beat you", "if you say that, I'll kick your ass" etc., are not allowed. Posts that threatened other members physically were deleted, and so you didn't read them on the threads. No one has been banned for being nationalistic, ignorant, gay, or simply an asshole(or else i would have been kicked out long ago). Just avoid threatening other members with physical harm.
XXXXXXXXXXXXXXXXXXXXXX

Do worry, I will not beat anyone, I am not that strong. Smiling All I try to say is we shall not make this website in dangerous, right?

Threats

Actually, you got me mixed up with someone else.  Not sure what was threatening or what.....  the only one I feel threatened by is my wife if I open my big mouth.....lol.  uh oh--- here comes the threats from her now!

C.G.

Thanks but not the answer

Thanks for turning this tread into another China vs. the World routine! I was simply asking about the technical possibility of using the surplus budget money which China piles up every year. I think that  money is tied up somewhere as investment maybe such as US bonds etc. Also as far as I know China started buying shares of some foreing corporations and Banks (Barclays I guess). Of course, you can not melt this investments into cash whenever you want.

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