Excellent name since Walmart has drained from China the real outputs of labor and materials in exchange for... US Dollars!
There is no and cannot ever be a trade deficit. All trade is settled as a part of the trade. Hence the word “trade”. Stop being fooled by all this.
China is in break up mode. Their country is rapidly aging due to Socialist anti-family policies. The old guard is scared stupid over this. Their saber-rattling is proof of it.
What will China get from all this? A more powerfully armed and aggressive South Korea, Japan and perhaps the Phillipines. It will certainly drive more SE Asian countries into our sphere of influence including Vietnam, Cambodia, Laos and Thailand.
The Chinese aren’t behaving with confidence, but fear. Their domestic situation is such that unless they create an outside enemy their political power will end. China isn’t a rising power, but a waning one.
I sense the opposite. Time will tell but then it will be too late IMHO.
“China is in break up mode. Their country is rapidly aging due to Socialist anti-family policies.”
Where did you hear this? I recently worked with hundreds of Chinese here in the US and in China and most were under 30. They were also extremely well educated, trained, and capable. None were communists but very capitalist, very entrepreneurial. I found each and every one of them to be great people with bright futures. They were very happy and loving life and technology. They know China has issues and they were eager to help fix what was broken, from pollution to politics. While they loved the US they also loved China and knew she was going to be better every year.
“breakup mode”? You have no idea what you are talking about.
Excellent analysis. I have spent some time in China. A couple of years ago I was in Beijing and had dinner with two experienced State Department personnel. Both were getting ready to transfer and both said it couldn’t come soon enough for them; the country was ready to boil over. The stunning economic disparity was turning the have-nots against the haves and the rank and file of the PLA are the children of the have-nots, and when it comes down to it, blood is thicker than water. Both of my friends expect increasing strife eventually leading to civil war.
“China isn’t a rising power”-—let me split that hair just a bit with you. The waning I see is with the Peeeoples Party of commies. there are plenty of hard working non-political chinese who can get along just fine with out the commie crowd in Peeking. The CPCC does indeed see trouble coming and that would explain the outside instigating-—happens every time a crooked bunch of leaders wants to divert attention from its own failings-—in any country.