Posted on 07/05/2018 8:25:46 PM PDT by Olog-hai
China says it’s girded for a trade war with the U.S. and can give as good as it gets, but behind the official bravado lies a deep unease over trade friction with Washington.
“There are those who believe the U.S. must lose and China must win,” Li Xiao, a leading economics professor, said in a commencement speech last weekend at northern China’s Jilin University.
“I think this is wishful thinking that defies common sense,” Li said in remarks that circulated widely online this week, praised as a reality check as the world’s two largest economies stood ready to exchange tit-for-tat tariffs on tens of billions of dollars of each other’s goods starting Friday. […]
Some prominent Chinese experts say Beijing may have underestimated the pain the U.S. tariffs could inflict on export manufacturers’ already razor-thin margins, and overplayed its hand.
“I strongly urge the Chinese government to fully estimate the negative impact of the trade war on the Chinese economy and adopt practical and pragmatic measures to avoid or mitigate a trade war,” Yu Zhi, a professor at Shanghai University of Finance and Economics, said in an interview. …
(Excerpt) Read more at apnews.com ...
Any relationship to 10% off everything at Dollar Tree, Sunday the 8th of July?
The Chinese economy is very dependent on exports to the US. If that market declines by as little as 10%, there will be large disruptions within China.
I strongly recommend that businesses heavily dependent upon Chinese imports seek out other nations or domestic suppliers ASAP. Remember, when it comes to nailing down new sources, “the early bird gets the worm” and “you snooze, you lose”.
Right you are! We can do without their stuff. We win the trade war! No reason Americans can't get our goods elsewhere by negotiating deals with other countries, or ramping up production here. Plenty of other countries willing to deal with us. Trade war hurts China far more than it hurts us.
Lets fight this. We’ve got this. MAGA.
China’s economy is built around “the worker” - those who work and operate in the economy, as well as the money they send to their peasant family members. Any serious disruption could lead to bloodshed.
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