Posted on 05/07/2019 6:09:55 AM PDT by billorites
The endgame in the trade war between China and the United States seems near. President Trump, betting with real currency — American strength — apparently has the upper hand, and the concessions President Xi Jinping is likely to make won’t be mere tokens. When — if? — an agreement is finally announced, Mr. Trump will surely fire off bragging tweets, partly to shore up his credentials for a second term, amid personal and policy troubles. For Mr. Xi, almost any deal could mean a very serious loss of face.
Mr. Xi assumed power when China was still riding high on its so-called economic miracle (and the United States remained mired in the aftereffects of the 2008-9 recession). He became general secretary of the Chinese Communist Party (C.C.P.) in late 2012 and president of the People’s Republic in early 2013. His anticorruption campaign was instantly popular. He championed the “Chinese Dream,” a vague vision of prosperity, strength and well-being for the country and its people, that seemed to fire up many citizens. His proposal to President Barack Obama to establish a “New Model of Major Country Relations” could only please Han-majority Chinese with imperial yearnings.
But those were easy stunts, performed in a country with no audible opposition and that bans “reckless” talk about the government. The trade war, on the other hand, is the first real occasion to assess Mr. Xi’s leadership capabilities. And his performance might not look so good, even if one discounts the setbacks related to the trade war.
First and foremost, Mr. Xi has utterly failed to manage the United States–Chinese relationship.
edit
Like Mao with the Soviets, Mr. Xi may have challenged the global leadership of the United States too hard and too soon.
(Excerpt) Read more at nytimes.com ...
China miscalculated and one of the benefits will be that North Korea will be a bargaining chip and finally give up their nukes and join the civilized world.
Clearly an attempt at sabotage of the deal by shaming the Chinese. NYT is shameless and evil.
Too bad I can’t read the article.
Yep, China is a powerhouse in many ways, but not quite up to tackling America. The 25% tariffs will jolt them and their leaders into making concessions in the next 3-6 months. I agree, N. Korea will be part of the deal.
Put the NYT on suicide watch.
This was part of China’s long term strategy, which hinged on the expected election of Hillary Clinton, who was to be wholly owned by the chi-coms.
But something unexpected happened.
China’s “so-called economic miracle” was CAPITALISM.
Read more: Link
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China North Korea relationship is complex. Since Chinese imperial times Korea was a protectorate of China. China likes use North Korea to manipulate the US. The problem is that Manipulating N Korea is hurting China and frustrating both. There is a breaking point of Chinese support.
Winston Churchill warned against "building German industry with British and American money" when it would empower the Nazi regime; a warning equally valid for a China still run by the Communist Party. It had been fashionable for some time to claim that a more prosperous China would become a more liberal China. But that has not been the case and is no loner a tenable stance. President Xi Jinping's "China Dream" echoes too many of the themes of Hitler's Mein Kampf for anyone to rest easy.
Faux capitalism more like it.
Provided we don’t give away the store like previous presidents had been doing, I’m not all that concerned about China mounting a global challenge to the US.
They don’t have oil and they don’t have anybody near them with anywhere near enough oil to meet their needs.
They don’t have a navy that is anywhere near strong enough to prevent their oil supply from being cut off should things get nasty.
They are surrounded by countries that are at best very wary of them if not outright hostile - India, Vietnam, Japan, South Korea, the Philippines, even Russia is wary.
Due to the one child policy, they are aging in one generation as much as the West aged demographically over the course of about 100 years.
Cheap labor can get you fairly far but to take the next step, you need margin. You’re only going to get margin with either brands or technology.....ie Gucci or Apple. They have neither. The rampant pirating makes it very hard to develop their own brands and they don’t have the intellectual property laws to protect companies which try to develop brands. They also don’t have the technology to produce an Apple or a Boeing or a Medtronic or any of a number of companies who produce technologically sophisticated high margin products.
They are in the midst of a gigantic real estate bubble - much bigger than the one which popped in the West in 2008. It’s going to burst sooner or later. All those Chinese millionaires snapping up foreign real estate see it coming too.
....does anyone remember when we supported the Marshall plan and imported all the substandard low cost items in from Japan, labelling it Jap crap?
Sure, Japan was developing their economy... and we were willing to help.
Now we are in a new era.... and the decision was made to import the 2010 version into the economy with two new players... China and Walmart!
In the the original Marshall plan, we gave them older technologies:
In the Chinese marshall plan, they came and stole technologies reproducing them.
China’s greatest leaps were made through what Hillary and Obama gave them in their purposeful and intended “death to America” agenda.
The greatest asset that America has is its cultural infrastructure, all generated through its Christian heritage and rooted in the Magna Carta. (China has none of that.) 800 years of political socio economic evolution rooted in the Christian faith that generated the G7.
This was and is the target of the marxist muslim coalition which Obama and Hillary personified. Yep it was a determined and purposeful action to aid the death of America.
Remember, you didn’t build that???
They might make large moves, but most will be unsubstantiated moves.
America’s personality will be American as long as we have able American leaders.
MAGA.
Thank the lord for Donald Trump. In a few short years, the tables would be turned.
In a few years China would become much stronger and the United States would have advanced into a further and irreversible state of decline.
We would have lost. We still may, but at least now we have a chance.
We will probably blow it
There are mini Detroits all over the USA just begging for manufacturing to come home.
NYT shameless and evil? Yes it is.
Gordon Chang is now saying the trade talks will fail and it will lead to regime change in China.
just copy the url and paste it into a private/incognito window.
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