- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: China's economy really starting to falter...
Posted on 1/2/19 at 2:34 am to cwill
Posted on 1/2/19 at 2:34 am to cwill
Johnny U, I sometimes think you are trolling then realize, no you are that shortsighted. "what about companies like Apple, it will be difficult for them to move from China". Apple does not make phones, Foxconn makes Apple phones in China, and other places. And they are building a megafactory in Wisconson because they realize the shat is going to hit the fan.
Regarding China middle class. The thought was that it would pick up the slack when exports slowed, but its not happening to the extent needed, its well short. And that middle class is getting squeezed. Hell a couple of years ago the govt laid off 100,000 coal miners in one fail swoop. (by the way if your country is growing by so much it needs a lot of energy, so why are you laying off coal workers? the shift to gas is not that great). And they are laying off workers in several industries, in huge swaths. And the deval is crushing what little disposable income they had left. And their life savings, if they have any, is tied up in condos in ghost cities, where developers are discounting prices to get new buyers and causing riots with the old who are seeing their condos deval double digits.
People seem to forget, its communist they can do anything they want, yes they can, aaannnndddd its communist with all the inherent flaws of free market forces.
Fellas, Mao called and he wants his 80s back, unfortunately the chinese people have had a small taste of what democracy is like, and they aint gonna stand still and get run over by tanks this time around.
Regarding China middle class. The thought was that it would pick up the slack when exports slowed, but its not happening to the extent needed, its well short. And that middle class is getting squeezed. Hell a couple of years ago the govt laid off 100,000 coal miners in one fail swoop. (by the way if your country is growing by so much it needs a lot of energy, so why are you laying off coal workers? the shift to gas is not that great). And they are laying off workers in several industries, in huge swaths. And the deval is crushing what little disposable income they had left. And their life savings, if they have any, is tied up in condos in ghost cities, where developers are discounting prices to get new buyers and causing riots with the old who are seeing their condos deval double digits.
People seem to forget, its communist they can do anything they want, yes they can, aaannnndddd its communist with all the inherent flaws of free market forces.
Fellas, Mao called and he wants his 80s back, unfortunately the chinese people have had a small taste of what democracy is like, and they aint gonna stand still and get run over by tanks this time around.
1
Posted on 1/2/19 at 2:52 am to trinidadtiger
China has the largest economy/purchasing power in the world. The EU is 2nd and the US is 3rd.
When the worlds largest economy starts to falter it will have a negative effect on almost every country and it will probably hurt the US the most.
Similar to when the US economy started to falter in the 20’s. It started a world wide recession.
When the worlds largest economy starts to falter it will have a negative effect on almost every country and it will probably hurt the US the most.
Similar to when the US economy started to falter in the 20’s. It started a world wide recession.
Posted on 1/2/19 at 2:54 am to MizzouBS
China is our economic enemy
I know far too many innocent Americans who had their patents stolen from China
I know far too many innocent Americans who had their patents stolen from China
Posted on 1/2/19 at 3:12 am to MizzouBS
quote:
Similar to when the US economy started to falter in the 20’s
quote:First off Chinese PPP has little relevance in international terms. In real terms, China's economy is 60% as large as ours, and its import-export ratio lessens its footprint even more. Second, "the EU" is not a country, and FWIW, Brexit will drop EU GDP by ~15%.
China has the largest economy/purchasing power in the world. The EU is 2nd and the US is 3rd.
Posted on 1/2/19 at 3:31 am to HailHailtoMichigan!
China isn’t the only country to steal patents.
One reason the Chinese can pay employees less and produce products for less is their cost of living is extremely low.
Since 2013 the Chinese government has spent $150 billion a year on infrastructure to transport goods cheaper to around 70 different countries. They are building a new railway system, new ports, new pipelines. This will allow China to get products to Europe and most of Asia. Many of these countries get their products from the US. now.
China also owns 18% of the US debt held by foreign countries. If the trade war starts hurting China to much they can start selling our debt. China is prepared better for a long trade war even if it hurts them in the short term.
Most people don’t realize that the Chinese have had a trade deficit with the US for over decade.
Tariffs will hurt them, but they already had trade deficit with the US.
One reason the Chinese can pay employees less and produce products for less is their cost of living is extremely low.
Since 2013 the Chinese government has spent $150 billion a year on infrastructure to transport goods cheaper to around 70 different countries. They are building a new railway system, new ports, new pipelines. This will allow China to get products to Europe and most of Asia. Many of these countries get their products from the US. now.
China also owns 18% of the US debt held by foreign countries. If the trade war starts hurting China to much they can start selling our debt. China is prepared better for a long trade war even if it hurts them in the short term.
Most people don’t realize that the Chinese have had a trade deficit with the US for over decade.
Tariffs will hurt them, but they already had trade deficit with the US.
This post was edited on 1/3/19 at 2:11 am
Posted on 1/2/19 at 3:48 am to MizzouBS
quote:Selling its US treasuries would both diminish value of Chinese holdings and negatively affect stability of the RMB
China also owns 18% of the US debt held by foreign countries. If the trade war starts hurting China to much they can start selling our debt.
Posted on 1/2/19 at 3:49 am to MizzouBS
quote:
Most people don’t realize that the Chinese have a had trade deficit with the US for over decade.
Tariffs will hurt them, but they already hadn’t trade deficit with the US.
Posted on 1/2/19 at 8:01 am to trinidadtiger
quote:
chinese people have had a small taste of what democracy is like,
No they haven’t.
Posted on 1/2/19 at 8:17 am to NC_Tigah
quote:
First off Chinese PPP has little relevance in international terms. In real terms, China's economy is 60% as large as ours, and its import-export ratio lessens its footprint even more. Second, "the EU" is not a country, and FWIW, Brexit will drop EU GDP by ~15%
Thanks NC. That PPP bullshite started becoming vogue with the globaists cheering on chini, it doesnt mean shite, versus real gdp.
Posted on 1/2/19 at 8:23 am to NC_Tigah
quote:
Selling its US treasuries would both diminish value of Chinese holdings and negatively affect stability of the RMB
Thanks again NC. Only 47% of our debt is foreign so china less than 10%. If they sell those treasuries the renminbi value would plummet. Most people dont understand their currency is pegged in international markets to the US dollar and they have 10 billion more in debt with an economy that is about half the size of the US, they would not be shooting themselves in the foot, they would be putting one through their skull.
They made this nest, let them shite in it.
Posted on 1/2/19 at 8:28 am to cwill
A recent headline from china....
Recent Home Buyers Take to Streets in Protest as China Housing Prices Plummet
Sounds to me like they have had a taste of freedom, 30 years ago they would have been run over with a tank.
I say again Mao called and wants his 80s communism back.
Recent Home Buyers Take to Streets in Protest as China Housing Prices Plummet
Sounds to me like they have had a taste of freedom, 30 years ago they would have been run over with a tank.
I say again Mao called and wants his 80s communism back.
Posted on 1/2/19 at 8:29 am to trinidadtiger
Still haven’t had a taste of democracy.
Posted on 1/2/19 at 9:02 am to cwill
quote:
China thought that they could use fear
What are you referring to?
My take, China is no stranger to the cyber world / US press. In short, talking points revolving around a downturn of the US economy based on tariffs, while maybe not emanating from China, was ikely seized upon by their government and became the focal point of a fear based psyop. That fear, based in logic, may yet become a reality. However, it would be devastating to the economies of both countries so I just can't see it happening. My take, this is a game of high stakes economic Chicken. China has balls, but they aren't going to drive off of a fiscal cliff to prove a point. They are an economic world power and had to put up a public display illustrating their belief in themselves. Now that they can check off that box and have saved face, its time to truly negotiate. Trump, with the might of the US economy behind him, was in a position of power from the start. He (or...more likely, his economic advisers) knew it, and seems to have planned accordingly. Now, besides coming to a feasible agreement for both governments, we also need to allow China to save face publicly. The Chinese are a proud people. That is why I mentioned how NoKo was handled. Trump, for all of his faults, seems to have done well with NoKo from a perception standpoint. KJU was allowed to save face to a large degree. It will be even more important, imho, to allow China to do so, and even to a larger degree. To me, China has pretty much had carte blanche in terms of IP theft. It is a situation in dire need of being addressed imho. I, for one, am pleased with the way this could potentially play out. Just my .02.
Posted on 1/2/19 at 10:35 am to trinidadtiger
I'm not sue a major economic upheval in China benefits anyone . You don't want even 1/10 of the population actively complaining there....150 million people.
Page 3 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News