Putin Invades the Ukraine

[Dondilion]

Originally Posted by finnbow

It appears that you missed the economic news coming out of China over the past several years. Their GDP was supposed to catch and pass ours at ~$17 trillion, but theirs has remained stuck there while our is now $29 trillion. Meanwhile, their Belt and Roads Initiative is faltering bigly.

What you have missed is that the Chinese have taken over or caused the collapse of so many industries in the West by providing enormous quantities of cheap products of sufficient quality. BTW the big wig of Ford for the last six months has been driving a Chinese car and he does not want to give it up.

What is funny is that the people who heralded New Green Deal are putting the brakes on and complaining that almost every industry relating to the. Deal is taken over by China.

Africa has now become an extension of China. The Africans are buying a lot of Chinese equipment...farming, construction and especially telecommunication. The African Trade is increasingly heading towards China.

Latin America is to a lesser degree but also similar story. SE Asia.

Directly comparing GDP can be so misleading that it was necessary to introduce PPP.

[finnbow]

Originally Posted by Dondilion

What you have missed is that the Chinese have taken over or caused the collapse of so many industries in the West by providing enormous quantities of cheap products of sufficient quality. BTW the big wig of Ford for the last six months has been driving a Chinese car and he does not want to give it up.

What is funny is that the people who heralded New Green Deal are putting the brakes on and complaining that almost every industry relating to the. Deal is taken over by China.

Africa has now become an extension of China. The Africans are buying a lot of Chinese equipment...farming, construction and especially telecommunication. The African Trade is increasingly heading towards China.

Latin America is to a lesser degree but also similar story. SE Asia.

Directly comparing GDP can be so misleading that it was necessary to introduce PPP.

I think you are not fully up to date. China is in a debt crisis, its Debt to GDP ratio approaching 300%. Its real estate industry is in shambles with sales down a third and new construction starts down 60%. Consumer confidence is way down, their population is actually decreasing and their Belts and Roads Initiative is faltering.

They are not the juggernaut they were perceived to be a decade ago. Our economy is FAR healthier. Indeed they are more like Japan was when its economy faltered 30 years ago after having been the envy of the world.

[Dondilion]

Originally Posted by finnbow

I think you are not fully up to date. China is in a debt crisis, its Debt to GDP ratio approaching 300%. Its real estate industry is in shambles with sales down a third and new construction starts down 60%. Consumer confidence is way down, their population is actually decreasing and their Belts and Roads Initiative is faltering.

They are not the juggernaut they were perceived to be a decade ago. Our economy is FAR healthier. Indeed they are more like Japan was when its economy faltered 30 years ago after having been the envy of the world.

You read like Gordon Chang.

Why is everyone afraid of Chinese goods? Why the proposed 100%
on Chinese cars. Why Biden, after criticizing Trump's tariffs on Chinese goods, did not remove them. Why the threats to The Netherlands, Japan and South Korea on what they can trade with China.

Japan as an occupied nation bowed in the Plaza Accord.

[Dondilion]

https://www.youtube.com/watch?v=_cNNijh_4tc

Tear down of a Chinese car.

[finnbow]

Originally Posted by Dondilion

You read like Gordon Chang.

Why is everyone afraid of Chinese goods? Why the proposed 100%
on Chinese cars. Why Biden, after criticizing Trump's tariffs on Chinese goods, did not remove them. Why the threats to The Netherlands, Japan and South Korea on what they can trade with China.

Japan as an occupied nation bowed in the Plaza Accord.

All of the points I made are factual, not speculative. China is most certainly a geopolitical adversary, but their economy is unquestionably faltering and thereby bringing into question the long-term viability of its economic model.

Without question, their economy is far better than that of our other major geopolitical adversary (Russia), but the jury's out whether they can sustain the type of economic growth they've experienced since their market reforms of the late 1970's.

The West welcomed these reforms with the hope/expectation that economic growth would drive political reform and democratization. Now that that has proven untrue, the West is now trying to recapture some of the manufacturing capacity/infrastructure it willingly ceded to China, hoping that economic contraction will throttle their geopolitical ambitions. We'll see.

[finnbow]

Originally Posted by Dondilion

https://www.youtube.com/watch?v=_cNNijh_4tc

Tear down of a Chinese car.

The fact that the US auto industry is not at the leading edge of technology isn't exactly news. They haven't been since Ford's Model T. Germany, Japan and Korea all do it better than we do and have since Germany's post-WW2 Wirtschaftswunder got the ball rolling (followed by Japan and then Korea).

Indeed, it seems that the Big 3 have little interest in building anything other than light trucks (e.g., Ford only builds one passenger car, the Mustang) and as little interest in exporting vehicles (outside of Canada). Moreover, our incoming President is an outspoken critic of the latest auto tech (EV's), other than throwing Musk a bone in exchange for his financial support and propaganda (X).

[bobabode]

Please start a 'China' thread, thanks.

[finnbow]

Originally Posted by bobabode

Please start a 'China' thread, thanks.

I will leave that to Dondilion. That is his hobbyhorse. It keeps him from having to look critically at Mother Russia. 😜

[Watcher]

I am much less concerned about China than I am about Russia.

[donquixote99]

Originally Posted by BigElCat

Someone who inherrits the Whitehouse following an assasination, goes on to fight a bunch of wars.

What makes you think JD wants to fight a bunch of wars? So the billionaires can make money?

Mind you, I have no idea of what JD actually wants, other than all he can get....