Protests by workers demanding back wages are spreading across China in a sign of growing discontent among millions suffering the brunt of factory closures, triggered by steep U.S. tariffs on Chinese imports amid an economic downturn.
Across the country – from Hunan province’s Dao county in central China to Sichuan’s Suining city in the southwest and Inner Mongolia’s Tongliao city to the northeast – hundreds of disgruntled workers have taken to the streets to protest about unpaid wages and to challenge unfair dismissals by factories that were forced to shut due to the U.S. tariffs.[…]
Analysts at U.S.-based investment bank Goldman Sachs estimated that at least 16 million jobs, across industries, in China are at risk due to U.S. President Donald Trump’s imposition of a 145% tariff on Chinese imports
Haha. CHINA IS ASSHOLE
And Canada is a province of China.
Canada is asshole!
I knew it!!!
Again, I’ll point out the best way to gauge the Chinese economy is by the number of new riot police China employs out of Beijing. That’s one “industry” set to explode, and the tariffs are only expediting the inevitable.
There’s a reason China didn’t make their move on Taiwan while a mentally incapacitated and their compromised lackey sat in the US Oval office. It was the perfect storm, unless your military (and economy) is not up to the challenge. And, considering all the high ranking Chinese military officials that went “missing” over the last year and a half (which, for some reason the media doesn’t report) , I think I know which way that’s leaning.
In it’s current form, I think China has less than a half decade remaining.
Yes, the fruits of the “one child” policies from the late 1960’s and 1970’s are now bearing fruit. Most females were aborted or abandoned into state run orphanages. People wanted sons. Men born in 1970 are now 55 and in another 10 years will be retired (not contributing to the economy). Most of them have not married as there have been no females. Demographics will ALWAYS win.
I once read that the United States lost so many men in the Civil War, that if it had not been for large immigration in the 1890’s and the early 1900’s from Europe, that it would have taken until 1961 to replace the population. When you significantly reduce the numbers of one sex, it dramatically affects your economy. Russia also experienced this after World War II, so many men were killed, that women HAD to take over running the farms, acting like traffic cops, driving the street cars. Again, there is the well-known fact that Russian men tend to “drink” themselves to death, with the average age of death being 52.
A country of 1.5 billion, a majority of whom are peasants/slave laborers, with lopsided male/female demography, ruled over by less than 100 million party members.
Their population probably has much lower portion on SSRI’s than North America but that’s more than made up for with incels. What could possibly go wrong?
As Steve Bannon said … there are only 100k members of the communist party in China. The rest of the 1.4 billion people are simply traditional Chinese … who will eventually tire of the Communist oligarchs spending their country into oblivion and crushing their lives with bellicose stupidity.
Riots in China.
Gee, that’s a shame.
Did anyone else notice that the LED workers hadn’t been paid since JANUARY?
2 1/2 months before Trumps tarrifs?
Uh oh! How will they pay off our Liberal racist Party Members of Parliament if their economy implodes?
At least they still have fentanyl exports to canada, Liberal racist voters ought to like that!
Easily. Our politicians are cheap. Hell, our scandals are cheap. Remember the scandal over ten dollar orange juice?
Underpinning all this is China’s increasing financial crisis. Despite the size of its economy, China has huge amounts of debt, also increasing at a very rapid rate. The danger for China is a default by government on the size of its national debt. A true collapse of China’s economy will lead to an economic implosion making the Great Depression of the 1930s look like a tea party.
And it will have ripple effects here depending on how much western invested capital is caught in the collapse. It would seem that investors have been fleeing China for some time.
Invade Taiwan? How? The dragon is approaching bankruptcy.
The issue isn’t so much the debt as the lack of productivity of the investments financed by that debt. There is nothing wrong with default, it’s how resources are moved from unproductive to productive sectors. China’s banking is a statist mess.
Desperate people do desperate things. (Think Argentine Junta invading the Falklands after severe economic hardship in 1982.)
In around WWII there were reports, don’t know if this is true, that Japan was forced into war by the economic actions of possibly the US of some other actors.
Hope this is not on track to that end.
It is of course the low life, the scum of the earth, the idiot political bottom feeders that come do the edge of their limits and see that they screwed up royally, as they sometimes say, and cover their bullshit by war.
They hide and the plebeians die.
Because Japan was messing around in Chyna and threatening the Western power’s colonies in the East, etc, the US imposed an oil (and other stuff) embargo on Japan, so Japan had to look elsewhere to get resources. It prompted invasions of the SE Pacific and Java for oil. Strategically they had to neutralize the US fleet (Pearl Harbour) and hope the decadent Yankees would fold. Administrative incompetance turned the Pearl Harbour raid into a sneak attack and the rest is history. Japan lost WW2 on dec 8th when the US decided to fight. But yeah, pushing Chyna into a corner is dangerous. But also, they could stop being assholes, they deserve every bit of this, even if they are carney’s best buds.
Meanwhile, back in Canada
https://x.com/TheLastRefuge2/status/1918772618842267834
All those never to be married men (was it 20 million still?) will need to do something… if that’s constructive or malicious remains to be seen. When the gov’t controls your choices, there’s not so many choices of who to blame when it all goes sideways.
Interesting. When/if China’s economy collapses, how will western consumers survive wiithour access to theit cheap goods? Most can’t be produced locally.
Nope. Then, it will all be produced in Canada. You’ve got a lot of cheap labor floating around on the streets of Brampton. They can all help assemble cheap toys and dolls, eh? And then you can charge a 5% tariff to American buyers. Then your country won’t go completely broke. Broke people aren’t usually very “nice”.
‘Art of the Deal’ HA HA HA HA!!!!! ohhhhhhh gawd that is gold.
oh lordy.
l was married to a woman from Hong Kong. they are very very conscious with money.
he mother put 5 kids thru university via earnings hk stock market in the 50s 60s her brother an economics phd at U of hk .
her sister in banking. her brother in law sold currency exchange software.
lm most most curious to see how the heavy handed beijing gang deals with this set of economic laws in motion.
I’ll bet she was good at feng shuing your house too … the chi is strong with this one … gawwwwd.
l read and see about the chinese navy doing exercises in s china sea and off taiwan and their hyper missile.
then l see a documentary or something on youtube about the B1 and B2 bombers and l think holy hannah WW II on one airplane.
it will be like Iraq 1.0, some early victories on their side but then its highway to baghdad in the western pacific.
the Jimmy Carter nuke sub has 1/70th the sonic profile of the next one up.
it could very well be somewhere in a week’s travel already. and stay there until november.
America only accounts for 15% of China’s exports. Considerable but not determinative.
And if you think this unrest is bad, just wait until the full effects of Trump’s policies hit America! President AOC: all the more reason to get your money far far away from the USA.
You have to turn off WSJ & CNN.
Out here in flyover our industrial parks
are no longer called poverty parks.
The power plant ( evil coal ) that was
slated for closure starting back in 22, has
now been put off indefinitely.
Bring it all home. Good to read this will be
a non issue for China. Lets hope the de minimis loophole
is cut off for good.
I read the FT and NP. Real news.
You need to learn economic history but you probably can’t. Your ideas are evil and have failed everywhere they have been implemented, and America will be next.