Yeah, right! Just pretend the US$34 trillion debt is not
a problem. Just print away the problem, so simple. Let others buy their
treasuries and bonds to absorb their inflation. USA does not have
problems. It had been freeloading for decades and no problem about that
either.
All the problems have to do with China. China has so much
problems - property firms collapsing, foreign direct investments
dropping, overcapacity in industries, Companies running away from China
and that includes Chinese companies as well, EVs catching fire all over
China, in fact China is always collapsing.
China is moving up
the technology ladder and lower tech companies moving out is normal.
Textiles, consumer products and toy factories have relocated to
Bangladesh and Vietnam among others. Chinese companies investing
overseas is to be expected. What about the days when Companies in USA
were relocating in droves to China? Does that also not indicate they are
running away from the USA? Only now is the USA admitting the reality
and wants to claw back its industrial base. Too late! Companies go where
cost is lower to make more profits. Apple's intention to move some
production to India is to make bigger profits to take advantage of
having only to pay 'slave wages' to Indian workers.
And yet,
while foreign direct investments are falling in China, China is still
exporting more than ever. How is that possible? In other words, Chinese
domestic investment is compensating for the drop in FDI. And strangely,
despite the reported fall in FDI, what are German CEOs visiting China
for? What are USA CEOs, who went to China recently, even meeting with Xi
for? Why is Tesla still expanding in China if all is gloom and doom?
China
is still an important production base for Volkswagen and Tesla,
producing EVs for the global market much cheaply than if they were
located in the USA. USA and Europe are not the only market available for
Chinese EV makers. Cheaper Chinese EVs will naturally find a ready
market among lower income people in the Global South by itself. And
Africa and Latin America are much bigger markets than USA and Europe
combined.
Anonymous
2 comments:
Will blowing out China's candle make the USA's candle shine brighter?
Will crippling China's over capacity in EVs and other renewal energy sectors be better for the rest of the world? How is more expensive EVs going to make life better for the rest of the Global South? Only a fool will fall for all that over capacity propaganda. Take away China's contribution in every sector and the world will suffer a catastrophe of sorts.
The world can survive without wars. The world does not need weapons if there is no war. The world will survive without weapons and war. That is the reality. But the USA depends on war. The USA thrives on its war economy, its Military Industrial Complex is contributing nothing but weapon sales for countries to fight each other. As some critics mentioned, the USA cannot even make simple things to benefit the world. Nuclear missiles by the thousands, high priced fighter jets for sale to the world, ammunitions for war machines it provides to countries - where does all this stand to benefit the common people?
China is doing its part to lift people out of poverty outside its borders today. In Africa, South America, Middle East and some Pacific Islands, China is building infrastructures needed for them to progress. The USA on the other hand is creating wars to destroy those infrastructures in all parts of the world, putting people into misery and poverty. This is all a ploy to inflict backwardness and disabled the people involved from standing up, making it easier for the USA to divide and control. The same mindset inherited from the evil Anglo-Saxon Imperialist Whites of old, particularly the evil Brits.
https://youtu.be/YwOVKMWPNag?si=fk4mAKZjwa6VDNPY
The Rots and Crumblings of the UASSA
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