Skip to comments.From My Friend Living in China: Trump CRUSHING China in Trade War
Posted on 02/23/2019 7:58:07 AM PST by SaxxonWoods
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They have an absolutely massive real estate/debt bubble. It WILL burst sooner or later. They always do. Think ghost cities. Research just what % of apartments in China sit empty. If you think our level of debt is bad, China’s is 2.5 times what ours is. When it bursts, it is going to be extremely painful for them.
>>>Chinas is 2.5 times what ours is. When it bursts, it is going to be extremely painful for them.
Is this pure socialism at its best? Hey Bernie!!
The concept of Global Government is European. None of the Asian/Pacific rim nations or populations wants global governance.
IMHO, China, long term, wants global subservience and submission TO CHINA.
 WOFE have been around for some time. I set my first up in 2011. The recent changes made to the program are slight.That being said. Trump is proceeding just as he must, and in the end the USA will end up with a great trade deal.
 CNY is as it always has been. Most factories close down for a whole month. There is nothing new in this.
 Tariffs are "hurting" China. Really? Maybe so, but none of my factories are slowing down, and the orders are still coming forth. So, while this might be accurate from the point of view of the author, it is not what I am seeing.
 Will America be able to trade with advantage?
 Will China be a friend of a foe?
This might indicate something: The graph below shows an index of Chinese Internet searches for the word layoff. Notice where it is now compared to 2008 and other recent economic slowdowns.
LOL. The Chinese do not have “layoffs” like they have in the States. You are bound by contract. If there isn’t any work, the company is obligated to keep you on as “overhead” until the end of your contract.
Well, then I am wrong. I’ll have to check with my attorney.
What I do know is that I am contractually obligated to pay my employees through the duration of their contract. Upon completion of their contract, I have to pay them one months salary for every year of employment if they choose to leave my employ.
In my over 15 years of living in China, I have never met or heard of anyone being laidoff. I guess that I am out of the mainstream in that regard. What about the people that you know? What are their stories of being laidoff. Are they like getting laidoff in the USA?
I’d ask someone, but I don’t know any who was ever laid off. I do know a few that were let go. But that doesn’t really count.
I think it is a terrible thing to be laid off. I, myself have been under this situation many, many times in the past. It really sucked. That’s one of the reasons why I like the Chinese system of contracts. If the company breaks the contract, then you need to go through arbitration to resolve things.
I’ve been thinking about that chart that you posted. At first glance I assumed that they were using the search engines about themselves, but maybe they were researching about the state of affairs in other nations. Who knows?
As in all cases, I cannot tell you what official policy is out of Beijing. All that I can relate is the day to day working level policies that are practiced in the Southern industrial heartland. For everyone, I hope that everything gets resolved soon.
I have every confidence in Trump and what will happen, though on the street-level it’s not nearly as dramatic as everyone wants to believe. The Chinese are a pretty resilient people. Don’t ya know.
Perhaps you should ask your attorney to read this:
Briefing: Huawei to lay off employees and cut costs as economy slows
With the Chinese economy slowing, concern has increased among Chinese policymakers about the outlook for employment, since ensuring a sufficient number of new jobs is seen as a necessary ingredient in maintaining social stability in the country.
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