Posted on 08/12/2018 11:06:29 PM PDT by 2ndDivisionVet
• "We have to realize that perhaps China isn't as strong as when we at first think. China is still figuring out also how to deal with this trade situation, how to ensure the stability of its domestic economy," said Curtis Chin, an Asia fellow at the Milken Institute.
• Speaking to CNBC's "Squawk Box," Chin also "totally" disagreed with the view that U.S. President Donald Trump's policies are backfiring.
China's power may have been overrated and the U.S. economy is staying strong, meaning that U.S. President Donald Trump has an advantage in the trade war, according to one expert.
"We have to realize that perhaps China isn't as strong as when we at first think. China is still figuring out also how to deal with this trade situation, how to ensure the stability of its domestic economy," said Curtis Chin, an Asia fellow at economic think tank the Milken Institute.
"And that works to the advantage of President Trump, and I think what's really working to the advantage of President Trump is the state of the U.S. economy right now. Really, the U.S. economy is firing on all cylinders," he told CNBC's "Squawk Box" on Monday.
That economic strength would give Trump a "backstop" if the trade situation deteriorates in the long run, Chin said.
Chin told CNBC he "totally" disagreed with the view that the White House's policies are backfiring. The Milken expert, who was also U.S. ambassador to the Asian Development Bank, said Trump has made it clear he's been elected as "president of Americans, not of the world."(continued)
(Excerpt) Read more at cnbc.com ...
Precisely, their military is conscripted to flesh out the ranks so there is not a great deal of spending on personnel. We did that once upon a time and will do that again if we get into a major ground war.
Of course Trump has all the advantages. We buy much more from China than vice versa. Most of what we import from China is lower level consumer goods. America still dominates high-end advanced manufacturing. The things we buy from China we could live without. Since work forces are finite and limited for EVERY nation, I’d rather make airplanes than toys.
China’s economic legs are growing more and more splintery even as we speak. It’s work force has been tapped out. It’s inefficient agriculture sector still requires the vast majority of it’s people to grow food or face starvation. Even still, it’s work force is beginning to enter it’s long decline as China starts down the hill toward population decline. It’s fertility rate is well below America’s and the nation will go into national population decline just like Japan is now and South Korea will shortly. These former Asian powerhouses will wither away over the next century as none of their policies to raise their birth rate have ever worked.
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That is what they said about Adolf. We saw how that worked.
That is what they said about Adolf. We saw how that worked.
Again you display your total lack of understating of history.
understating = undestanding
Coming from you that is a high compliment.
I know exactly how WWII got started. Gutless/stupid Western leaders either ignored or praised Hitler until it was too late.
That is something that is indisputable even by lame-brains.
What is your beef with what I said?
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