Posted on 01/23/2019 12:52:44 PM PST by SleeperCatcher
The former chief of the top Chinese lender to foreign countries pleaded with the government to avoid a tit-for-tat trade war with the United States, according to the transcript of a just-published speech from September.
The speech by Li Ruogu, the one-time head of the Export and Import Bank of China (China EXIM), the massive state-owned lending institution that provides funding to foreign companies for the purchase of Chinese-made goods and services, provides new details regarding the Communist government’s internal struggle over how to react to and deal with the Trump administration’s aggressive tariff regime, the South China Morning Post reported.
Top Chinese banker warned Beijing against tit-for-tat trade war with U.S.: ‘We should pick our battles’ Posted on January 23, 2019 in Economy, Financial, Foreign Policy, Geopolitics, Trade, World // 0 Comments
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The former chief of the top Chinese lender to foreign countries pleaded with the government to avoid a tit-for-tat trade war with the United States, according to the transcript of a just-published speech from September.
The speech by Li Ruogu, the one-time head of the Export and Import Bank of China (China EXIM), the massive state-owned lending institution that provides funding to foreign companies for the purchase of Chinese-made goods and services, provides new details regarding the Communist government’s internal struggle over how to react to and deal with the Trump administration’s aggressive tariff regime, the South China Morning Post reported.
“When the weak side is fighting a war against the strong side, the weak side must know how to make a retreat. It will not work if the weak side only knows how to fight head-to-head,” Li said, according to the speech transcript.
(Excerpt) Read more at thenationalsentinel.com ...
didn’t these clowns produce Sun Tzu lol. Art of War my ass...
I can read any article insinuating a trade war started with Trump. WE HAVE BEEN IN A TRADE WAR FOR 30+ YEARS!
This president is doing something about it for a change. That is what is different.
The war is old but the current tactics are new.
Yes, China shouldn’t do a tit for tat...because for one reason, their population is declining, devastated by mass abortion, and their robotics won’t be able to keep up producing their lousy stuff.
At some point, American, Latin American and even British/EU consumers will acknowledge that Chinese stuff may be cheap but it’s cheap because it’s s*** - and government underwritten s***.
I don’t mind stuff being made in third world countries, because it’s capitalism and it helps those countries and their population, and the developed world (the Americas and Europe) really doesn’t have the population anymore to do these basic factory jobs. Thanks to abortion and leftist inspired social dysfunction.
But no thanks to a state economy. I always check everything I buy or order, and if the country of origin is China...forget it.
I would imagine that Sun Tzu might say something similar to this guy - when you face overwhelming forces that can’t be defeated, retreat - don’t pull a Thelma and Louise....
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