Posted on 08/10/2018 3:38:21 PM PDT by 2ndDivisionVet
A growing trade war with the United States is causing rifts within China's Communist Party, with some critics saying that an overly nationalistic Chinese stance may have hardened the US position, according to four sources close to the government.
Chinese President Xi Jinping still has a firm grip on power, but an unusual surge of criticism about economic policy and how the government has handled the trade war has revealed rare cracks in the ruling Communist Party.
A backlash is being felt at the highest levels of the government, possibly hitting a close aide to Xi, his ideology chief and strategist Wang Huning, according to two sources familiar with discussions in leadership circles.
A prominent and influential academic whose views have found favor in some party quarters has also come under attack for his strident views on Chinese power....
(Excerpt) Read more at businessinsider.com ...
They clearing didn’t read (or at least understand) the Art of the Deal ;)
“But he didn’t really write that, the ghost writer did!” Sputtering Rachel Maddow.
We can skip buying plastic junk at Wal-Mart and Amazon and get along just fine. We’ll still have beef, chicken, fish, pork, shellfish and plenty of starches and vegetables.
I suspect that China’s “capitalists” who own the various companies are party officials. We may soon find out how secure Xi’s hold on power is, when the business ventures of his officials and generals start going bust.
“A planned central economy based on the manufacture and exports of durable goods that their own citizens cannot afford. Couple that with the lack of petroleum and low food production, makes a trade war with the U.S. a recipe for disaster. “
I could not have said it better myself. Except I would have added a statement on the trade imbalance and corrupt banking.
China doesn't produce anything on their own. All their technology was given to them by the Clintons or they stole it. CTH said the U.S. was the only self-sustaining economy in the world. In fact, we don't need to trade with anybody. We can make pretty much what we import now, and there will be consumers to buy it, providing of course, the welfare state is abolished.
I can vouch for that. It is true that trumps trade war caused turmoil among CCP. I also read some rumor that trump wants to unseal names of high level CCP leaders who have big bank accounts in US and Europe if Xi does not yield. US adminstration did this to Russians in the past. If it is true, this is the most powerful leverage to China. It is the deal they can’t refuse
Excellent observation
If the states were independent countries, five of them would be in the top 20 economies in the world. All of them would be in the top 149 of 241.
Source: https://en.wikipedia.org/wiki/Comparison_between_U.S._states_and_countries_by_GDP_(nominal)
Third column.
The Communist Party of China is somewhat like the Commission that used to coordinate Mafia Families in the USA.
Each member of the Politburo is personally a billionaire, who runs a large patronage network of their own rackets, like the head of a crime family. Each can have people killed.
If their business is seriously threatened, somebody is seriously going to get killed.
Deng Xiao Ping established a truce between these factions, where they agreed to prey on the population and foreigners, but to refrain from violence (or any legal enforcement) against any of the “made men” within the other factions.
President Xi has recently accumulated more power personally than any individual since Mao, but all the men around him are still ruthless gangsters, with their own interests, and a lot of loyalists who depend on them.
Autos, furniture, appliances...all American made. Sometimes ya got no choice...but hey, if we all at least try, we can bust China's balls.
Durable goods? What durable goods?
Personally, I don't see how that would do anything. Would it be to show the Chinese people what their leaders are like?
GE Appliances is owned by Haier a Chinese company. Samsung, LG, Volvo, Ford & GM all manufacture products in China for U.S. sales.
There are many other manufacturers that do this and the information is easy to find.
Trump is the right guy.
We elected a winner, this time.
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