When the time comes, the Chinaman will cook the cocky USA into chicken soup. The USA is now at a loss as to how to counter China in so many sectors. Most sectors producing things in the USA are rendered uncompetitive, but the narrative is always about unfair subsidies by the Chinese Government. Did anybody think about the tens of billions in subsidies by the USA Government trying to lure chip makers to build logistics in the USA? Those tens of billions in subsidies dwarfs what China is doing, but nobody seems to take note. What the USA did itself, it accuses others of doing it - so said Putin.
China is able to produce products cheaper with its cheaper energy from Russia and Iran, its hold over most raw materials it needs, its use of robotics in factories needing less manpower, a skilled workforce resulting from universities churning out skilled engineers that had been horned in specialties for the job. China is now the top dog in innovation. China holds more patents filed than any country in the world, including the USA.
Anonymous
Most embarrassing of all is the call by the USA and EU to China not to be too competitive, as they are unable to keep up or compete. There was the earlier demonization about China's over-capacity in manufacturing, which was used as argument to curtail China's rise and expected to be the rallying point to stop China in order for the USA and the EU to catch up.
ReplyDeleteSo, China must ironically stop being dominant in manufacturing and wait for the USA and EU to keep up - a wait optimistically maybe ten years or twenty years down the road. Chinese people also need and want a better life with progress and being wealthier, which is not the prerogative of only the Anglo-Saxon Whites. More than that, the people in the Global South also want cheaper products which only China can provide. Why would they support such a move to cut their noses to spite their faces. The call to curb China's over-capacity was an exercise in futility.
What is more important for China? Pandering to the minority Anglo-Saxon White's voices or the majority non-Whites in the Global South. Common sense will tell China what to choose. The huge Global South market,
, a growth sector, puts to shame the meager Anglo-Saxon White's enclave which is eroding with sanctions all over. Just Africa alone, with 1.4 billion population is almost double the total global population of the Anglo-Saxon Whites.
When the USA and the West, including Japan, were at the top of the manufacturing chain, churning out cars, electronic equipment, TVs, ships and planes to flood the world, nobody and particularly China, were telling and demonizing them to slow down their over-capacity and let China and others close the gap. Who is going to tell the USA today to slow down in its printing of toilet papers that are flooding the world and pushing up Wall Street to everyday highs?
China was smart enough to deny the USA's attempt to impose its Rules Based Order on its financial system. That has led to complaints that China is not playing by the rules. Why allow Western rules to sabotage the financial system by moving in massive amounts of money into China's stock market and then try to destabilize China by using that to attack the financial system.
The USA had, using hedge funds, did the same thing to create the Asian Financial Crisis through attacks on the Thai Baht and was doing exactly the same thing in Hong Kong, hoping to destabilize China as well. China's direct control would not give George Soros the opportunity to do that inside China directly.
Let us not talk about subsidies which is like comparing apples with oranges. The Chip's Act alone saw subsidies of hundreds of billions poured into subsidizing chip manufacturers to relocate to USA and enticing European manufacturing to move to USA.
Let us not talk about the USA Government now having control over tech companies by investing in them directly, while using the same analogy to accuse Chinese firms of having ties to the CPC. The pot is just calling the kettle black but claiming it is still white.
All these socalled Americunts Tech or other Companies are manipulated by their Government and Oligarchs by inflating and blown hot and.cold just for their own insiders Tradings and making their trillions.
ReplyDeleteUsing their Bullshits illusionary numbers to up the shares and next moment down.
Only foolish beans shall dumped their monies there!
All looking at their side for directions!
Stupidity No Cure
SINGAPORE: The police have seized a Good Class Bungalow (GCB) valued at around S$55 million (US$42.4 million) and around S$1 million of funds in connection with a fraud conspiracy, the police said on Wednesday (Jul 1). The case has been linked to the movement of Nvidia chips in contravention of US export controls. CNA
ReplyDeleteAmerican laws applicable in Singapore?