What China did this week is the strongest counteraction it has taken so far in its ongoing trade war. It might have achieved the desired effect of causing market panic, but it will end up hurting China the most.
h/t Melinda
What China did this week is the strongest counteraction it has taken so far in its ongoing trade war. It might have achieved the desired effect of causing market panic, but it will end up hurting China the most.
h/t Melinda
“China benefited for years from the belief that no American president would take the risks necessary to halt Chinese cheating on an array of fronts”
https://nationalpost.com/opinion/kelly-mcparland-whats-xi-jinping-to-do-chinas-troubles-are-piling-up-fast
joe, China has benefited for decades of sleazy politicians and businessmen who sold out the country and their people to an ideology that will gladly use us as slaves for their market.
Here is the problem I have on all the hubris on China.
“China’s debt tops 300% of GDP” screams the headline. China obviously has a debt problem, right?
https://www.reuters.com/article/us-china-economy-debt/chinas-debt-tops-300-of-gdp-now-15-of-global-total-iif-idUSKCN1UD0KD
OK, what about US debt?
Total U.S. debt rose to a new all-time high of more than $69 trillion — led by federal government debt, which is now over 101% of GDP.
https://www.axios.com/global-debt-increase-q1-2019-92ef0a63-b86e-471d-84c8-588a719f3fc2.html
You would think US debt is 101% of GDP because that is the only percentage that appears in the article. But no. US total debt is 345% of GDP. You have to calculate that value yourself because all the headlines are generated by American think-tanks and US investors who hate China.
Not that I like China but if 300% debt is bad isn’t 345% debt even worse? In other words the headlines should read “American debt significantly worse than China’s” (69 trillion total debt divided by 20 trillion in GDP for the non-mathers). But you’ll never read that because China isn’t writing the headlines. Fake news.