Posted on 11/26/2018 1:34:51 AM PST by cba123
OK I linked to this article from the SCMP.
But that is not the real reason, I linked to this story...
At this site, down the page, there is a video featuring American President Trump. At least, on the site as I am currently linked to. I will try this, posting this.
It is a very good link.
He speaks for about two and a half minutes.
THAT is why I linked to this story. The story is Trump's version of what is happening (or not) with China.
Trump actually sounds like he gets it. He really does.
Now we are currently running the largest trade deficit in recorded history, between any two countries, with China.
It will get EVEN BIGGER this year.
But I believe Trump gets it.
I sure hope so...
(Excerpt) Read more at scmp.com ...
I will post a link to the website however, for anyone who follows this issue.
Feel free to watch Trump's comments.
He seems to get it.
I am not sure whether we will avoid a knock-down drag-out trade war with China.
But I am sure glad, Trump is leading America right now.
He is exactly the right person.
Link to the SCMP website, story here:
The Chinese are concerned because GDP “growth” might dip down to five percent? I guess I don’t understand the problem. US GDP growth was in the doldrums for the entire Obama administration and we survived. There must be some other underlying weakness in the Chinese economy (debt?) that the GDP growth is covering up. This weakness must have some cascading failure mechanism that is causing panic. I suspect that the Chinses managed economy is a giant cow pie covered with cherry lip gloss.
Here’s the US GDP growth for comparison.
https://tradingeconomics.com/united-states/gdp-growth
China is currently running an even higher trade surplus against America, than they did last year.
And last year was an all-time record.
Between any two countries. Ever.
https://census.gov/foreign-trade/balance/c5700.html
China’s economy is largely fictional and growth at 5% is riots in the streets numbers.
Stop spamming the threads with your China PR campaign please.
Simple and obvious explanation is the stronger our economy the larger are the trade deficits because most of what we buy is made outside this country.
Trump’s idea to bring mfg back to America (along with fair or no tariffs) will go a long way towards shrinking deficits.
The Chinese game the GDP numbers by building empty cities. It’s like they understand only half the equation: they understand the components that make up GDP, but not how banks and markets really work.
Remember, China has no problem allowing their people to starve.
The deep state wants the tariffs removed its cutting into the deals they made to sell us out with their Chinese overlords.
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