Huge China trade policy reversal

Blu82

This is a big Trump win on trade. China blinks.

https://www.cnn.com/2018/11/09/business/american-express-china/index.html

RaceBannon

CNN?

I'll wait for a mainstream report

allpurpleallgold

I honestly don’t follow this much so perhaps you can explain how China doing something Trump has criticized is China blinking?

Blu82

Trump was critical of US companies being allowed into Chinese markets?

allpurpleallgold

“Joint ventures have been critized by the Trump administration”

Blu82

allpurpleallgold said:

“Joint ventures have been critized by the Trump administration”

You're right. You haven't followed this much.

allpurpleallgold

I fucking said explain it to me

Blu82

I'm not up to writing a thousand word article just so the ignorant can understand something fundamental to US-China trade.

Try this: Historically, China has blocked entry of US firms into their markets or have allowed US companies in but only on an unlevel playing field.


Now, return to 7th grade social studies. Your "joint ventures" comment nothing but a deflection of the OP. 7th grade stuff.

allpurpleallgold

It’s not my comment. It’s a quote from your article. You just said a quote from the article you linked is a deflection of the link.

Also, this article from November, you fucking dope.

Thank you for making me feel better about having honda on my team.

Blu82

"Joint venture", as you attempted to use it, is out of context and means next to nothing in the article.

The updated (NEW to you) information is that American Express can go it alone.

I'm quite sure having "honda" on your team will allow you to rely on a veritable encyclopedia of thought and intellect. It's obviously better than you going at it alone.

CirrhosisDawg

Blu82 said:

"Joint venture", as you attempted to use it, is out of context and means next to nothing in the article.

The updated (NEW to you) information is that American Express can go it alone.

I'm quite sure having "honda" on your team will allow you to rely on a veritable encyclopedia of thought and intellect. It's obviously better than you going at it alone.

Why so defensive? Just take the L and move on.

Blu82

I'll take an L if I earn one.

Now, back to your safe space. You are both well outside of your element.

PurpleThrobber

China is busy jailing Canadians right now.

RaceBannon

PurpleThrobber said:

China is busy jailing Canadians right now.

And?

sarktastic

Blu82 said:

I'll take an L if I earn one.

Now, back to your safe spacePretending you’re black and live in Pasadena. You are both well outside of your element.

dflea

Blu82 said:

I'll take an L if I earn one.

Now, back to your safe space. You are both well outside of your element.

lol

I, too, am unbeaten in every contest I've judged.

allpurpleallgold

MikeDamone

Chintresting https://www.ibtimes.com/infographic-us-china-trade-deficit-widens-despite-tariffs-2752756

greenblood

MikeDamone said:

Chintresting https://www.ibtimes.com/infographic-us-china-trade-deficit-widens-despite-tariffs-2752756

The deficit is getting larger because of the slow down in the Chinese economy. They aren't importing as much raw materials as they had previously. Hopefully the president isn't stuck on deficit vs surplus in this trade war, because they are irrelevant in the grand scheme of things. This trade war should be about one thing and one thing only, and that's intellectual property theft. China is putting a hard line on intellectual property theft, because it is the only way they can continue to grow. The Chinese economy is so overburdened with debt, that they can not afford their businesses to invest resources on R&D. The Chinese debt to GDP ratio as of mid-2017 was hovering around 256% (Figure taken from Bloomberg). To put this in perspective...We? talk about how bad our? debt ceiling is... well...The U.S Debt to GDP ratio as of the same time was at 107%. So basically, China's debt problem is 2.5 times worse than the U.S.

China has also promised to double their economy by 2025. They can't do that by playing fair, unless they take out a shit load of new debt, which they realistically can't. The only way to have any chance of achieving this goal is to do things business as usual. The tariff's were designed (at least I hope) to put pressure on this idea.

SFGbob

RaceBannon said:

CNN?

I'll wait for a mainstream report

Babylonbee?

MikeDamone

A

greenblood said:

MikeDamone said:

Chintresting https://www.ibtimes.com/infographic-us-china-trade-deficit-widens-despite-tariffs-2752756

The deficit is getting larger because of the slow down in the Chinese economy. They aren't importing as much raw materials as they had previously. Hopefully the president isn't stuck on deficit vs surplus in this trade war, because they are irrelevant in the grand scheme of things. This trade war should be about one thing and one thing only, and that's intellectual property theft. China is putting a hard line on intellectual property theft, because it is the only way they can continue to grow. The Chinese economy is so overburdened with debt, that they can not afford their businesses to invest resources on R&D. The Chinese debt to GDP ratio as of mid-2017 was hovering around 256% (Figure taken from Bloomberg). To put this in perspective...We? talk about how bad our? debt ceiling is... well...The U.S Debt to GDP ratio as of the same time was at 107%. So basically, China's debt problem is 2.5 times worse than the U.S.

China has also promised to double their economy by 2025. They can't do that by playing fair, unless they take out a shit load of new debt, which they realistically can't. The only way to have any chance of achieving this goal is to do things business as usual. The tariff's were designed (at least I hope) to put pressure on this idea.

I can’t tell you how many trumpeters who try to tell the the trade deficit must be “solved”. It fucking drives me nuts