Posted on 03/05/2019 3:20:12 PM PST by detective
A popular online meme perfectly expresses where China’s economy is headed: “The year 2019 may be the worst year in this decade, but it will be the best year in the next decade.”
China’s economy is decelerating so rapidly that the super-rich are getting out while the getting is good. One of them is Chen Tianyong, a real estate developer in Shanghai, who posted this on the Internet: “China’s economy is like a giant ship heading to the precipice. Without fundamental changes, it’s inevitable that the ship will be wrecked and the passengers will die. My friends, if you can leave, please make arrangements as early as possible.”
As the New York Times noted, “It is unclear how many saw the article before it disappeared from China’s heavily-censored internet,” but some no doubt are doing what Tianyong did. He moved to the island of Malta.
In his speech that opened the annual session of China’s rubber-stamp parliament on Tuesday, China’s Number Two communist, Li Kegiang, was surprisingly forthright: “In pursuing development this year we will face a graver and more complicated environment as well as risks and challenges … that are greater in number and size. We must be fully prepared for a tough struggle.”
(Excerpt) Read more at thenewamerican.com ...
At the top of the communist superstructure running the country, management is in panic mode.
The Venezuelan economy has collapsed, the North Korean economy has collapsed, the Iranian economy is in bad shape and the Chinese communist economy is in decline.
Meanwhile, the U.S. economy is enjoying record prosperity.
President Trump deserves the credit.
Ain’t buying it.
Every week for years China has been saying out they are about to self destruct.
Their goal is to keep you from imposing import tariffs on them.
Ain’t buying it.
Every week for years China has been saying out they are about to self destruct.
Their goal is to keep you from imposing import tariffs on them.
I’ve been told they can’t take their money out. They have nothing to spend it on.
They need a green new deal! Don't eat meat, abandon oil usage, and don't have babies. That's the ticket, that will save them. Ocasio-Cortez recommends it!
Win-win.
So where are they going to?
You have to admire Trump’s way of achieving goals.
China is an economic and up and coming military threat.
What do you do about each?
You raise tariffs. It’s that simple.
China had stretched itself very thin on the premise the American dollars would just keep on rolling in, and no president was going to object to our nation being abused by the existence of bad trade deals.
Trump raised tariffs. China’s economy lurched. It’s now trying to appease the U. S. to keep the dollars rolling in, but at the same time it’s ability to service it’s debt and continue building it’s military is hitting a brick wall that isn’t going away.
At best the U. S. Continues robust trade, and China accepts that it’s not going to get to clean our clock financially any longer.
At worst, more ripples lap up on China’s economic house of cards, and it just spirals.
Either way, China’s ability to play the up and coming military monster of the planet, is severely impacted.
Trump is a master at playing more steps ahead than his adversaries.
He’s still there, and neither our Leftists or the Global Leftists are making any points against him.
Sure does...
“Ain’t buying it.”
Read this.
https://www.nytimes.com/2019/02/23/business/china-entrepreneurs-confidence.html
President Trump is doing a great job.
Trump and the U.S. are winning.
China is losing.
Give the President credit.
Couldn’t happen to a nicer bunch of folks.
I ain't buying that such a communist controlled economy is doing well.
It's not. And it should come at no surprise.
Most of that time, it was aided and abetted by our own political class.
By stealing, I mean outright theft if intellectual property rights, industrial espionage, and fake trademarks/fake brands.
Well, as China squeezes down on its society, those who fancy a better freedom and can buy their way out, will do so. We know those are facts. Maybe China cried wolf in years past but now facts are telling us something like “Wolf (n): dangerous carnivorous mammal closely related to the domestic dog.” The cream of China is going to leave and the result could be atrocious.
The Leader plans to build a bunch more empty buildings ,LOL
The writer is delusional. All you need to do is get on the TikToc APP and watch it to see the mood of the Chinese. It’s out there for everyone to see.
I’ve been hearing this doom and gloom about China and it’s eventual collapse for the last three decades. It seems to come in batches of essays and articles that cycle in and out in a three month cycle.
Ah. It’s like trying to explain calculus to asparagus. There are forces that fund these kinds of articles and want to keep Americans in a nice sweet artificial bubble of reality.
That being said, there is no secret that the ultra-rich Chinese want to move to America and Canada. The tax laws in both the USA and Canada are far more agreeable towards the super-wealthy. You see, China has a graduated tax scheme that is very reasonable for 90% of the population. It is, however, graduated against enormous collections of wealth - 20% or more as a tax rate! So the super wealthy want to come to the USA where the tax laws favor them.
Thus the real reason for the real estate developer leaving China.
The big Chicom elite rulers may have cracked down on their lower commies* late last year.
*They are not buying multi million dollar houses/homes in N. California like they were last year.
I agree.
To do business in China, our businesses had to reveal all information regarding what they were going to be working on.
All patents, practices, equipment, industrial secrets were turned over.
That’s how China grabbed all of our tech.
As bad as that is, you have to realize our businesses were so thrilled about making a large profit, they were more than happy to not only sell out their own confidential trade secrets, but our nation and it’s citizens as sell.
Loral gave China our gyro and MIRV technology, because they wanted China to launch satellites cheaper than we could. This allowed China to upgrade their systems that were being literally torn apart by vibrations on liftoff. It also gave them the tech to not only launch more than one satellite per launch, but also to increase their nuclear warheads from one to a number of them per launch.
As I understand it, their targeting was improved to the point they could then pinpoint their strikes within 50 feet of the target in the U. S.
Isn’t that just grand.
I believe the statistics that the Communist Chinese government has been pumping out for decades, and I have a slightly used bridge in Brooklyn to sell to you, cheap. Their economy simply cannot work, it can only fake it for a while on an ocean of exports to the West. Once the growth rate slows down, their own leverage works against them. They have no free market mechanisms big enough to have a serious impact on their economy.
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