A friend of mine moved to China .... I found his latest report fascinating and thus I’m sharing it. ... I want to give you some updated news from inside China. First, The Donald is winning the trade war…BIG TIME. As you know, I have been visiting or living in China for over 25 years. And based on that extensive knowledge, I can see the effects on the economy. For example, Chinese New Year just ended. Normally it lasts at most 2 to 3 weeks tops. Because everybody must return to work. However, this New Year started the last week of January, but it continues as the whole month of February everything has been shut down. There are NO FACTORY ORDERS. Layoffs!! Also the Chinese Government has just revised the requirement for a WOFE, an acronym for a Wholly-Owned Foreign Enterprise. The gist of the WOFE makes it easier for companies outside of China to set up shop inside China ...QOVFEFE™
Very interesting input from China.
POTUS has always said—TOTALLY ACCURATELY—that we are in the position of strength with respect to Chinese trade. The Republicans who cannot comprehend this simply do not understand business, and are not qualified IMO. (Well ... I guess there is a place for those who are strong on the Constitution but not on business and finance ... some of the lawyers etc.)
Not to slide ... but I’ve been wondering to what extent the activities in Venezuela involve China. They have clearly been trying to use it to establish their presence in the Western Hemisphere.
I’m still thinking we could see surprise U.S. action regarding Venezuela, and very soon.