War with China

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'A myriad of concerns': America's number 1 trading partner isn't China anymore as relationship worsens — here's the country that tops the list today and why it's a big deal for the US

https://moneywise.com/news/economy/china-no-longer-us-top-trading-partner

Mexico officially replaced China in the first four months of 2023, the two North American countries having achieved total bilateral trade of around $260 billion, Census Bureau data shows. Over that period, Mexican imports to the U.S. were around $154 billion and U.S. exports to Mexico around $106 billion.

“Within a decade of its admission [to the WTO], critics increasingly accused China of flooding the world with cheap exports while limiting foreign access to its market,” Torres explained.

Chinese imports to the U.S. — both as a percentage of total imports and as a percentage of GDP — are now at the lowest they’ve been in 20 years, according to Axios.

“While Mexico benefits from increased trade with the U.S., the impact on U.S. producers and consumers has been mixed,” Torres wrote. “To the extent that frictions with China account for Mexico’s ascension in the trade rankings, the higher profile comes at a cost to U.S. firms and consumers through higher input and purchase prices.”

China is, was, and will be, engaging in unlawful practices including stealing intellectual property at every chance they can get! Mexico and the USA do not see eye-to-eye on many things, but that said, both countries are Western democracies and have close cultural and historic ties. So at the end of the day, fuck China, and hello Mexico!

[MrWunderful | 2,927]

8 hours ago, avatar! said:

'A myriad of concerns': America's number 1 trading partner isn't China anymore as relationship worsens — here's the country that tops the list today and why it's a big deal for the US

https://moneywise.com/news/economy/china-no-longer-us-top-trading-partner

Mexico officially replaced China in the first four months of 2023, the two North American countries having achieved total bilateral trade of around $260 billion, Census Bureau data shows. Over that period, Mexican imports to the U.S. were around $154 billion and U.S. exports to Mexico around $106 billion.

“Within a decade of its admission [to the WTO], critics increasingly accused China of flooding the world with cheap exports while limiting foreign access to its market,” Torres explained.

Chinese imports to the U.S. — both as a percentage of total imports and as a percentage of GDP — are now at the lowest they’ve been in 20 years, according to Axios.

“While Mexico benefits from increased trade with the U.S., the impact on U.S. producers and consumers has been mixed,” Torres wrote. “To the extent that frictions with China account for Mexico’s ascension in the trade rankings, the higher profile comes at a cost to U.S. firms and consumers through higher input and purchase prices.”

China is, was, and will be, engaging in unlawful practices including stealing intellectual property at every chance they can get! Mexico and the USA do not see eye-to-eye on many things, but that said, both countries are Western democracies and have close cultural and historic ties. So at the end of the day, fuck China, and hello Mexico!

I would love to have an improved relationship to a border country over china. Enjoy russia, Xi!

[avatar! | 1,827]

How the end of ‘Made in China’ is crippling the world’s second-largest economy

https://www.telegraph.co.uk/business/2023/08/09/end-made-china-crippling-worlds-second-largest-economy/

China’s exports fell for the third month in a row in July, plunging by 14.5pc year-on-year in dollar terms. This was the biggest drop since February 2020, when the pandemic began...But analysts warned that the numbers are likely to fall further as rising geopolitical tensions, tariffs, the fallout from China’s zero-Covid policy and Xi’s increasingly authoritarian regime push international companies and investors away from China – just as the nation’s domestic economy tanks.

Direct investment liabilities – a key measure of foreign direct investment (FDI) in China – plummeted 87pc to $4.9bn between April and June. This was the lowest amount in any three-month period since at least 1998, according to the State Administration of Foreign Exchange. The true investment numbers are in fact likely to be far worse, says Magnus, as official figures include Hong Kong. These figures are a precursor for future trade. Foreign companies operating in China account for around 30pc of China’s exports – and they are slowly but steadily starting to move operations elsewhere.

A flurry of big Western companies are already trying to diversify their supply chains. Apple is making plans to move some of its manufacturing out of China. Samsung has already shifted significant chunks of its supply chain away. Siemens is looking for factory sites in Indonesia, Vietnam and Thailand.

“The reason it’s really significant is that that is an important way that China gets technology,” says Ken Rogoff, chair of international economics at Harvard University and former chief economist at the International Monetary Fund. “The foreign companies build plants and they copy them. That has been the Chinese model. The slowdown in FDI will also imply a slowdown in innovation.”

China never "copied plants" they simply stole. Having companies move out of China is long overdue.

[avatar! | 1,827]

https://www.telegraph.co.uk/business/2023/08/26/zero-covid-disaster-ends-china-triumphalism/

Nothing speaks more loudly to the absurdity of the newly expanded Brics group of developing economies than the sight of India making common cause with China, and more ridiculously still, Saudi Arabia with Iran. In both cases, the two countries are virtually at war.

For the West at least, China has been a wolf in sheep’s clothing. And even for much of the developing world, any engagement with China has hardly been a bed of roses. We need to be a little bit careful here, because in most respects, and in line with the Ricardian principle of comparative advantage, free trade between nations is a positive boon, allowing them to specialise in what they do best while buying in from others what they are not so good at.

But free trade also needs to be fair trade. As Western nations have belatedly begun to realise, security considerations will quickly become a major concern when largely dependent on potentially alien players for key economic inputs.

There was never anything particularly unique about the Chinese development story, besides its sheer size, speed and the admirably hard-working qualities of the Chinese people. But like all such growth spurts, it was built on a Ponzi-style inverted pyramid of rising indebtedness. Now that the credit bubble is bursting, you wonder for how much longer the charade can be kept going by merely applying more of the same.

Some may say good; China is finally getting its comeuppance. This may be to misread the dangers. An economically unstable China might prove even more of a threat to Western wellbeing than a resurgent one. But if I were India, Brazil, or any of the Johnny-come-lately additions to the Brics conflab, I know where I would be placing my chips. Despite years of shameful Western neglect, it would not be China.

[Link | 2,726]

I think China has been extraordinarily strategic and so successful, by doing capitalism. And wannabe captains of industry and temporarily embarrassed millionaires are blind to it because it managed to happen through the government there. Cool if their abuses are less supported but a lot of the outrage on a certain side of the aisle is red scare still in full force and good old imperial dominance. Meanwhile all the 4th of July flags sold in Walmart were Made in Other Countries for decades.

We have yet to see if changes in this area will reduce America's own abuses. It sure would be nice. But a lot of the voting bloc and commentariat is actively opposed to that. It's sociopathic. The country was built on progress and half of it has been reduced to jingoistic bad faith xenophobic racist sexist nonsense that's actively against any nonselfish empathy and quality education for every age.

[avatar! | 1,827]

The billionaire founder of a key Apple supplier announced his Taiwan presidency run, saying Beijing can't threaten him because of his links with Apple, Tesla, Amazon, and Nvidia

https://www.businessinsider.com/foxconn-terry-gou-taiwan-president-election-apple-amazon-tesla-nvidia-2023-8

Gou was responding to a reporter's question about how he would react to pressure from Beijing should he be elected as president. Taiwan-based Foxconn is the largest private employer in China.

"I will not be threatened," said Gou at a political event on Monday where he announced his campaign, according to Insider's translation of a recording posted on his Facebook page.

When asked about Beijing's potential retaliation against Foxconn — also known as Hon Hai Technology Group — should Gou run for president, he said it would only hurt China's reputation and interests if it confiscated the company's assets.

"If the Chinese Communist Party dares to do this, which country, which investment fund, which company would dare to invest in China?" he said. He clarified he doesn't hold any personal assets in China.

Gou joins a crowded race with three other candidates: Taiwanese Vice President William Lai Ching-te from the ruling Democratic Progressive Party, Hou Yu-ih, the mayor of New Taipei City from the main opposition party Kuomintang, and Taiwan People's Party Chairman Ko Wen-je, a former mayor of Taipei.

The Taiwan presidential election is scheduled for January 13, 2024.

[fcgamer | 4,752]

4 hours ago, avatar! said:

The billionaire founder of a key Apple supplier announced his Taiwan presidency run, saying Beijing can't threaten him because of his links with Apple, Tesla, Amazon, and Nvidia

https://www.businessinsider.com/foxconn-terry-gou-taiwan-president-election-apple-amazon-tesla-nvidia-2023-8

Gou was responding to a reporter's question about how he would react to pressure from Beijing should he be elected as president. Taiwan-based Foxconn is the largest private employer in China.

"I will not be threatened," said Gou at a political event on Monday where he announced his campaign, according to Insider's translation of a recording posted on his Facebook page.

When asked about Beijing's potential retaliation against Foxconn — also known as Hon Hai Technology Group — should Gou run for president, he said it would only hurt China's reputation and interests if it confiscated the company's assets.

"If the Chinese Communist Party dares to do this, which country, which investment fund, which company would dare to invest in China?" he said. He clarified he doesn't hold any personal assets in China.

Gou joins a crowded race with three other candidates: Taiwanese Vice President William Lai Ching-te from the ruling Democratic Progressive Party, Hou Yu-ih, the mayor of New Taipei City from the main opposition party Kuomintang, and Taiwan People's Party Chairman Ko Wen-je, a former mayor of Taipei.

The Taiwan presidential election is scheduled for January 13, 2024.

We don't want Terry Gou for president. I don't care what he claims regarding his relationship with Taiwan, he'd be all too happy to serve us to China, which is precisely why he's not worried about them.

#WilliamLaiForPresident

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China tells India to 'stay calm' in border map row

https://www.bbc.com/news/world-asia-india-66669341

India protested after Beijing released the map showing north-eastern Arunachal Pradesh state and the disputed Aksai Chin plateau as China's territory. Beijing responded by saying its neighbours should refrain from "over-interpreting" the issue. Meanwhile, media reports say Chinese President Xi Jinping is likely to skip next week's G20 leaders talks in Delhi.

India is not the only country to object to the map - on Thursday, the Philippines and Malaysia issued protests against China's claim of ownership over most of the South China Sea in the map. Taiwan - which China says is a breakaway province that will eventually be under Beijing's control - also objected to its inclusion in the map.

China shows its true colors. It's far from a peaceful country. It wants to rule the world directly and through proxies. BRICS is dreaming if they think they can replace the dollar with the renminbi. No one trusts China, their economy is approaching crisis level, and they lie to their "friends" (do they have friends?) and opponents.  Could not have happened to a more deserving country.

[Tanooki | 4,950]

Just going to drop this here because really it's all on point news mixed with satire to make it far more interesting.  You want to know what they're up to that MSM won't cover, and Google since they want into China tries to daily shut their videos down on YT watch this account.  They only exist now as nothing is monetized because of donations both to keep the site going, and to pay the lawyer on speed dial to threaten YT to unblock yet another video, because facts hurt.

https://www.youtube.com/@ChinaUncensored