Posted on 08/14/2018 11:05:40 PM PDT by cba123
BEIJING Chinas leaders have sought to project confidence in the face of President Trumps tariffs and trade threats. But as it becomes clear that a protracted trade war with the United States may be unavoidable, there are growing signs of unease inside the Communist political establishment.
In recent days, officials from the Commerce Ministry, the police and other agencies have summoned exporters to ask about plans to lay off workers or shift supply chains to other countries.
(please see full article at link)
(Excerpt) Read more at nytimes.com ...
This is a good article.
But the New York Times is in every other way, a worthless piece of leftist tripe.
However on the issue of trade, they really are pretty darn fair.
Bah, NYTimes sucks.
Trump is crushing China, which is far overextended.
Another 1.5% off their stocks tonight, yuan is pushing 7 to the dollar.
Turkey, Russia, Iran have no where to turn.
So Chinese government is working hard to deal with the challenge.
What a worthless news.
Yup. Debt to GDP is 400% in China. I hope Xi enjoys the suck.
Not yet.
I am all for Trump, but currently China is running the highest bilateral trade surplus between any two countries in recorded history, with America.
The biggest ever. Last year. And this year, it is still increasing.
See for yourself:
https://census.gov/foreign-trade/balance/c5700.html
I don't rust anything, especially statistics a bunch bureaucrats spew out and especially regarding Trump's successes
Sorry you fell for it.
Sure, but China’s growth is dependent on western investment. They’re like the joke about the tailor that loses money on every sale but ‘makes it up in volume’.
And that brings me to ‘NYTimes sucks’:
from the article: “For decades, Western economies like the United States have struggled with the growth of this economic powerhouse.”
No.
They’ve struggled with the western investors in China that donate to political campaigns that will protect their investments in China.
China’s explosive growth was the result of westerners investing in a fascist, low wage, dictatorship that sould ‘guarantee’ those investments.
That phase was probably a good thing 20 years ago. Today it makes no economic sense for the west or for China.
See?
NYtimes published a conceit bait.
In capitolism the customer is always right.
Crash China?
Trump has got more chance to crash Mueller probe.
China can’t even lose a battle as long as the globalisation continues.
“Debt to GDP is 400% in China.”
The article is full of propaganda spin,like full US tariffs on all Chinese imports would take no more than 1% off of Chinese GDP growth, and that nobody is looking to move their whole supply chain, only final assembly.
They can keep kidding themselves. China is slow to change course, because discussion is so constrained by politics.
If further rounds of tariffs go on (next is supposed to be $200 billion), there is going to be a rush for the exits from China. If so, it is possible that next year, the US GDP growth rate could outpace the Chinese GDP growth rate. This quarter we are on track to hit 5% for the quarter. Reagan hit a 7.9% annual rate in his third year.
I doubt that China is able to really reform its policies in time to avoid the necessity of more tariffs. The sooner (after the midterms) that tariffs extend to all Chinese imports, the better it will be for us, by the 2020 elections.
The new rich and new middle class of China will not be happy seeing Communist (fascist, actually) rule screwing up what looked like a good thing.
Spot on.
I was at the FCC in Hong Kong yesterday where the astro turf commies made a folk hero out of a kid who had ten followers.
Now he has a global following of tens of thousands.
I just hope they don’t shut the club down. Effing commies.
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