Amazing how this is being ignored by our fellow Freepers....
There is a (large) number of people on this website, who seem to be 100% soldout to China. Especially now, during the day here in Asia and the middle-east. They were making money in the market. So they were happy.
End of discussion.
There was also a big contingent of “American” investors, who sold their operations to China, for a 49% share of the now-Chinese operations. Or likewise in latin America. A lot of those people are on here, also. The Bushes, and all the democrats, were also in this bunch in my view.
It may change, if the market goes lower. Then they may no longer be so unconcerned with others.
But I agree. There are a bunch of people on this website, who could really stand to be more pro-American in their business views.
Even if President Trump is able to negotiate a trade deal with China that gives us absolutely equal access to Chinese markets, there will still likely be a trade deficit.
This is only because China is still a very poor country. Even though its GDP is supposedly nearly equal to ours, that GDP reflects the output and consumption of nearly four times as many people.
In other words, Chinese GDP per capita is 1/4 America's.
The Chinese can't afford to buy as much as we can.