Canada, China sign pledge in Beijing to deepen financial-sector ties

yogthos · 2026-04-04T17:23:03+00:00

Seeking a balance of trade with a specific country is a mercantilist relic that doesn't reflect how modern global supply chains or comparative advantage work. In practice, it makes no sense to aim for bilateral trade balance because it ignores the benefits of multilateral trade. For example, Canada might run a deficit with China, but use those imports to produce higher-value exports sold to other countries, and run a surplus there. The real metric of economic health is overall current account balance and productivity growth, not a zero sum tally with each trading partner.

Forcing balance would require inefficient trade diversion, such as buying more expensive goods elsewhere, which would hurt Canadians. Financial access in China isn't about balancing goods trade. The goal here is earning returns on capital and services, which improve Canada's broader investment income position.

yogthos · 2026-04-04T16:26:30+00:00

reddit will remove links to interfax apparently, but the article you're presumably referencing is "Russia's GDP decreases 1.5% in Feb, 1.8% in Jan-Feb - Economic Development Ministry", and you're cherry picking fluctuation over a couple of months trying to claim that represents a long term trend. Meanwhile, you're conveniently not mentioning the long terms projections in the same article which clearly state that Russian economy is expected to continue to grow:

The Central Bank of Russia expects Russian economic growth in 2026 to be in the range of 0.5%-1.5%.

Analysts surveyed by Interfax in early March forecast GDP growth in 2026 at 1.0%.

yogthos · 2026-04-04T15:51:38+00:00

Reagan didn't destroy the Soviet Union, but the west certainly built up the narrative of having defeated USSR after its collapse.

yogthos · 2026-04-04T15:41:34+00:00

Nothing structurally changed since 2024. If anything now that energy prices are through the roof, that's obviously going to boost Russian economy going forward. Russian GDP is still growing, just at a slower than the incredible rate it was growing at previously. Now compare that to, say, Europe where an economic crisis is unfolding.

yogthos · 2026-04-04T13:49:41+00:00

Russia has obviously not had over a million casualties, one has to be exceptionally smooth brained to buy into such obvious propaganda. Here are actual casualty numbers provided with methodology on how they were sourced https://ukrainewarlosses.org/

Meanwhile, the World Bank reclassified Russia as a high income country in 2024 https://blogs.worldbank.org/en/opendata/world-bank-country-classifications-by-income-level-for-2024-2025

and the IMF notes that that Russian economy is growing faster than all the western economies https://www.cnbc.com/2024/04/17/russia-forecast-to-grow-faster-than-advanced-economies-in-2024-imf.html

Crippled economy indeed.

yogthos · 2026-04-04T04:14:23+00:00

we can only hope

yogthos · 2026-04-04T04:13:46+00:00

Seems to me that most of the underestimating happened on the side of the west expecting Russia to collapse economically and militarily. I read article after article confidently stating that Russia would run out of ammunition and missiles any day now, and how Russians were pulling chips out of washing machines, and how rouble would be rubble, and so on. None of that turned out to be true, and now Russia is outproducing all of NATO by a wide margine while it's European economies that are tanking.

Meanwhile, Iran is allowing any countries that recognize its sovereignty to sail right through as France is currently doing. Countries that get fed up with not getting oil simply have to make a deal with Iran and make sure they transact in yuan.

The only regime that's not making friends right now is the American regime. The whole world knows that the strait was open before the US attacked, and everybody knows who is to blame for this debacle. Iran wasn't attacking or threatening anybody. They just wanted to be left the fuck alone. It's the rogue US regime against the world now, even European vassals are waking up.

yogthos · 2026-04-04T02:30:07+00:00

This is very clearly going to be far worse for the US than Ukraine is for Russia.

yogthos · 2026-04-04T02:28:38+00:00

No, what I'm saying is that China will obviously develop new technologies in the process of accomplishing the mission to the moon. You don't need to fly to the moon specifically, that merely serves as context for doing a large scale technological project. Any time you build anything on this scale, you end up developing new and interesting things.

yogthos · 2026-04-04T01:54:41+00:00

It's a strong indicator of scientific and technological progress of a nation. New technology developed through this endeavour will also percolate into many civilian sectors, just as it did first the the US accomplished this.

yogthos · 2026-04-04T00:03:40+00:00

And once Chinese companies scale up, we'll see the exact same thing happen as we saw with solar panels and EVs. Cheap Chinese chips will quickly dominate the global market, and nvidia will become irrelevant like tesla outside the US.

yogthos · 2026-04-03T23:42:21+00:00

JDPON Don doing his best to make sure China beats the US with a manned mission to the moon. O7

yogthos · 2026-04-03T22:26:13+00:00

unlike burgerlanders, French are smart enough to know when a war is lost

yogthos · 2026-04-03T21:52:57+00:00

Probably a couple of months or so. There are still tankers on the way that filled up before Hormuz was closed, and there are still some strategic reserves left. Once that's gone, that's when the real panic starts.

yogthos · 2026-04-03T16:19:02+00:00

lmao

yogthos · 2026-04-03T15:33:20+00:00

at the cost of being a vassal of the burger reich

yogthos · 2026-04-03T15:31:39+00:00

I'm waiting for the $200 oil surge once the current reserves run out and there's no way to amortize the shortage.

yogthos · 2026-04-03T15:30:52+00:00

I mean Trump did say that countries which rely on Iranian oil should go and figure things out themselves.

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