China is about keeping the cost of everything down. The West is about selling more and more expensive goods

China is not like Japan or Germany, easily taken to the cleaners for trying to be better than the USA. That is the price to be paid if you depend too much on the market in the USA.

China has been able to learn some useful lessons from the humbling experience of the Japanese and Germans. Diverting and spreading out its eggs by not relying too heavily on the USA has been beneficial for China. China did not have to wait for the USA to give permission for it to progress, but just did it, not yesterday, but more than thirty years earlier, building bridges and increasing trade with countries all around the world, helping poor countries to rise to benefit China with a bigger market, securing raw materials it needs, building up its manufacturing base which have resulted in being able to produce goods cheaper than others to dominate markets it goes into.

China has now built up its fortress of independence in many sectors and powering ahead in its export sector and reaping record trade surpluses that unnerves the USA and the Europeans. In the process they are trying to curb the Chinese export juggernaut, even shamelessly asking China not to produce too much and allow them to keep up. Did the world ask the USA not to produce too many weapons for use against other countries or printing too much toilet papers? The USA just ignored what the rest of the world wanted and treating them as mere noises without caring two hoots. It is after all the sole superpower and can do what it wants and brushing aside what the rest of the world thinks. But others have to follow rules they set. That is the hypocrisy.


Anonymous