Quote from tradestrong:
You apparently don't understand symbiotic relationships too much. Not only is the US a massive export economy to China, but the US is also a massive export economy to Europe...you know...that place that China's "biggest" export economy is? So, if the US stops consuming, it will hit China in every way when it deals with economies that are net exporters to the US.
The story about "decoupling" is pure myth. Those who tout all this diversification amongst China apparently didn't do their homework to look at whom those "diversified" trading partners do trade with....namely, the biggest importing economy in the world...yep...you guessed it....the United States.
But let's all ignore those pesky little independent variables that throw the whole diversification equation out the window.
Quote from asiaprop:
what does the US precisely export to China except porn movies and fast food chains? Maybe you can enlighten us.
For someone who has lived in Asia for quite a while I can assure you there really is not a whole lot that Chinese or Japanese desire to buy from the U.S. except for some speciality products or products in process. Heck even Intel's or AMD's CPUs are nowadays not manufactured in Malaysia anymore but to a large extent in China.
I never claimed the US is not important to the rest of the world to a more or lesser degree than China or Europe is important to the world.
But claiming others dont understand the topic under discussion while you very obviously fail to comprehend the implications of a TRADE DEFICIT the US has with China makes you look pretty dumb. It simply means the US buys more stuff in nominal value than Chinese from the US, supporting my above point. Second, I claimed, and pointed to statistics that support my claim, that the importance the US plays for China is greatly diminishing relative to what it has been just a few years ago and that other countries take over the US's traditional role as the prime trading partner.
Which point do you still disagree with?
Quote from jprad:
Hmm...
9/12 - China bitches about a tire tariff.
9/13 - China investigates U.S. auto part and chicken dumping.
9/14 - China makes a statement (without supporting data) that the EU replaced the U.S. as their largest trading partner.
Let me guess, you're not that good at trading patterns, are you?
Quote from RZTrader:
... and you are suggesting it to declare a default on 1.3 billion people and the "manufacture of the world"??
Quote from tradestrong:
You know what looks even dumber? Misinterpreting my words and not understanding the English language. I said the US was a massive export economy to China and Europe. As in the economy of the US is an export economy to China.
NOT that the US massively exports to China.
My point for you (since you don't understand English), is that without US dollars going to Europe for us buying those exports, than Europe has less buying power to purchase exports from China. One way or the other, China gets screwed when it relys heavily on exports that indirectly are fed by the US economy purchasing from China's "diversified" trading partners.
Quote from Random.Capital:
Yes I am. And far from being short-sighted, it is being proactive because it will happen eventually regardless - better it happen while the US is still the dominant global economy and can manage the outcome.
I am also suggesting MFN status with China be immediately revoked and very high tarrifs be imposed on ALL Chinese imports until they join the rest of the civilized world and float their currency.
Quote from asiaprop:
Germany has relied on its exporting power for the past 60 years, how did that hurt the country?
Quote from asiaprop:
all right, dare to take a guess whats gonna happen to the American consumer the night after you raised taxes.