Can somebody explain to me how China is screwing us?

[smallfil]

Before NAFTA signed into law by Bill Clinton, the US was an economic superpower with trade deals with individual countries. You export $100 billion to the US, you buy $100 billion in US goods in turn. Trade was fair and beneficial to both countries. Enter the globalists, RINO liberals and Democrat sellouts, they were more interested in lining their pockets! So, free trade now to mean, you can export as much as you want into the US, shut the US from your markets or impose your tariffs on US goods since, nobody cares from the US political class? They got their monies, who cares about the rest of Americans and their jobs? Any previous trade deals, the Chinese promised to abide by but, did not hold their end up! US leaders prior to President Trump just allowed the Chinese to do as they please! That time is gone! Now, President Donald Trump will make sure any trade agreement with China actually, has an enforcement mechanism which the Chinese will avoid at all costs! We are winning the trade wars inspite, of the extreme liberals preaching doom and gloom. Now, read this. China is gambling but, will lose, the longer this trade wars continues!

https://www.bloomberg.com/news/arti...g-for-most-of-trump-s-trade-war-research-says

 

[Stockolio]

Can you confirm that China the once "fastest growing economy" in the world is now no longer? China was growing at 7% at one point but now I hear that it's all financed with debt. Now they aren't growing fast but their debt keeps rising.

If they have been doing this for a while - how much of that 7% growth was at our expense you think?

This is a chart end of 2018... This is on paper, if you add Shadow Banking and hidden loans, one can understand urgency they are facing... 27 Trillion US Debt on Paper for China Corporations, reality 35 T ? Total Debt at 50-55 T ? That's insane in the membrane for a country with 8,000 US GDP Per Capita, which in reality is closer to 4,000 Per Capita considering GDP is almost all debt derived and fake to the core at this point... Subtract GDP yearly gains - Debt yearly gains, entirely dependent on massive non stop QE since 09, non stop. When they run below 1.5 Trillion in Reserves for operating levels, bye bye. Watch them sell US treasuries hand over fist, will go below 1 T very soon

 

[dozu888]

America is truly blessed.... without Trump we may suffer a permanent loss of world dominance.

 

[Specterx]

Can you confirm that China the once "fastest growing economy" in the world is now no longer? China was growing at 7% at one point but now I hear that it's all financed with debt. Now they aren't growing fast but their debt keeps rising.

If they have been doing this for a while - how much of that 7% growth was at our expense you think?

Economic data from China are useless, the numbers (at least those available publicly) are a reflection of the party's political goals rather than any underlying reality.

IMO the impact of what I discussed above is definitely there, but so far it's been limited. The reason is that China is only now starting to achieve parity in globally competitive, high-technology fields. Huawei is the canary in the coal mine. It's not about GDP growth but rather the geopolitical effect of China being a key and irreplaceable link in the supply chain.

Just look at the power a company like Amazon now carries in the U.S. economy and society: a dominant position in commerce and logistics, tentacles in all sorts of industries, masses of proprietary data on everyone, and even a pocket newspaper. Look at the HQ2 circus with officials from all over the country going to pay homage to Bezos. Does it seem like an attractive prospect for Communist China to occupy that same sort of position and role, at a global scale?

 

[RGLD]

Economic data from China are useless, the numbers (at least those available publicly) are a reflection of the party's political goals rather than any underlying reality.


IMO the impact of what I discussed above is definitely there, but so far it's been limited. The reason is that China is only now starting to achieve parity in globally competitive, high-technology fields. Huawei is the canary in the coal mine. It's not about GDP growth but rather the geopolitical effect of China being a key and irreplaceable link in the supply chain.

Just look at the power a company like Amazon now carries in the U.S. economy and society: a dominant position in commerce and logistics, tentacles in all sorts of industries, masses of proprietary data on everyone, and even a pocket newspaper. Look at the HQ2 circus with officials from all over the country going to pay homage to Bezos. Does it seem like an attractive prospect for Communist China to occupy that same sort of position and role, at a global scale?

I agree the numbers are fudged by the communist party. However, things like PMI are done independent sources like Markitserv no? Don't some of these banks have their own reports they publish?

 

[bone]

My Sister is a Senior VP at a West Coast high tech company. The Chinese government would not allow her company to sell the products that they spent, quite literally, hundreds of millions of dollars to develop, without formally handing over the design blueprints and the software coding to the Chinese military. So - they don't sell about half of their product line to the Chinese.

China does not abide by World Trade Organization rules (which they signed, btw and are a board member of) regarding intellectual property rights.

What you've read about the Chinese government and military forcing technology transfer is a true fact.

 

[RGLD]

Wait I'm confused. The YUEN is still pegged to the dollar?

I see a floating chart on google USD/RMB.

 

[bone]

Trump is putting in all these Tarriffs to "hurt" them so we can get what back exactly? Jobs? Is he talking about intellectual property?

Them copying our technology because companies like Apple are getting their parts made there and using it to create their own?

See my post above. The Chinese government forces foreign companies to turn over proprietary intellectual property as a precondition to doing business in China. When you are dealing with a Chinese business you are de facto dealing with the Chinese military intelligence apparatus. And that is a fact.

 

[dozu888]

Wait I'm confused. The YUEN is still pegged to the dollar?

I see a floating chart on google USD/RMB.

the HK dollar is pegged.. the RMB is not... just heavily manipulated by the Chinese Central Bank... if the RMB is allowed to free exchange, the exchange rate will be like 1:20 instead of 1:7... they printed so much RMB but most of it is trapped inside the country, hence the sky high real estate prices..... on paper people in the major cities are all millionaires (in US dollars!), except that they can't really all cash out at that price.... very tight control over there.

 

[RGLD]

the HK dollar is pegged.. the RMB is not... just heavily manipulated by the Chinese Central Bank... if the RMB is allowed to free exchange, the exchange rate will be like 1:20 instead of 1:7... they printed so much RMB but most of it is trapped inside the country, hence the sky high real estate prices..... on paper people in the major cities are all millionaires (in US dollars!), except that they can't really all cash out at that price.... very tight control over there.

There was a time when the RMB was pegged to the dollar no? So it's no longer officially pegged but the Chinese government is pegging it using monetary tactics. How do you know they are keeping the Yuen in the country? This makes sense to the post above as they are using USD to buy goods in the international market but are now running low on reserves.