The Americans, the World Bank, WTO, the Europeans, and some silly Third World charlatans are all banging their gongs and balls, telling China how to manage its economy, alleging that the Chinese economy is faltering and must do as they said to save it. There is one common thread among these countries, organisations and people, all are failures, bankrupt economies and people that came from failed countries and economies.
China and its economy have been churning along for well over 40 years. chalking envious growth numbers and the envy of the whole world. Every country wants to be China and its economic miracle. China did all these economic miracles on its own steam, no need any fake experts and advice from outside China. And China is doing very well, extremely well. The advices from the pretentious do gooders are not needed, not welcomed and mostly meant to do harm to China. These advisors should look into their own countries and organisations and ask how badly they are doing and what credentials they have to think of teaching China how to suck eggs.
China is slowing down, China is collapsing, China needs help. China needs to slow down its growth, China needs to cut down its productive capacity, China must sell more to its own people, ignite its domestic market, sell less to the world....Really? Who are they trying to bluff?
As the saying goes, when the devils come calling and volunteering to help, with devilish advices, stay far far away. When help is offered without being asked, it smells like a rat. China should simply say thank you very much, we will continue in our own ways, what we think is best for China. Please go and help those bankrupt European countries and America, and organisations that are doing nothing good except trying to destroy and bring down countries like in the last financial crisis.
China will go on producing all the goods and services needed by the rest of the world, to raise the quality of life by offering what they need at affordable prices, to enjoy the good things in life without paying an arm or a leg. China is bringing the good stuff, the good life, to the economically lesser countries, to raise their standard of living within their means. This is China's contribution to people of the Global South that the West chose not to do anything for them.
What is happening in Europe now is the manifestation of an angry people knowing that their leaders had lied to them, had impoverished them and the future is grim. They want to enjoy the quality of lives many Global South countries are having, low cost of living, everything is affordable and life is not so stressful. Why pay $3000 for a iphone when you can have one for $100? Why pay $100k for a car when you can have one, a better EV for $20k? The people of Europe are fed up with their bankrupt leaders, bankrupt of ideas, of how to make their lives better. All the companies are no longer competitive and not producing the goods that the world wants. All facing bankruptcies!
Why don't those Americans and Europeans go and advise failing economies like America and Europe to be as successful as China? Europe is bad but not as bad as the fake American economy depending on the Wall Street casino and wars to churn up GDP numbers. The balloon will burst very soon.
ReplyDeleteChina's economy is based on solid manufacturing of goods and services that the world needs. Period.
It seems that people are now waking up with protests ignited in France, Italy, Germany, India, Indonesia and even Switzerland of all places. The central theme is about cost-of-living frustrations, although side issues are connected. Protests in poor countries like India and Indonesia are no surprise, but rich countries like the Europeans are rather exceptional than the norm. Or are we not seeing the real definition of what constitutes being a rich country when wages do not keep up with inflation and cost-of-living?
ReplyDeleteJapan is a rich country with poor people (self-admitting), with cost-of-living problems galore, but Japanese are generally now very docile people that do not complain nor protest. A trait that betrayed their ancestors of mighty Samurais that always fight for their rights. Too much of being under the thumb of the USA has given rise to a docile generation of Japanese that does not augur well for the country.
If the Strait of Hormuz does not open up soon, more countries will see such protest igniting with energy prices reaching for the sky. Protests are contagious and who and which country will erupt in chaos next is left to be seen.
Even if Iran is destroyed economically, the Middle East will not be peaceful with the USA still around. Continuous carpet bombing has never won a war in history in hindsight. In Vietnam it was proven beyond doubt despite more than three and a half years of sustained carpet bombing by the USA. Can the USA do the same with Iran. Trump gloated about USA having more weapons in stock than needed. The Pentagon has an opposite and different story to tell. Who is lying? The man who is a proven conman and prolific liar the moment he opens his mouth cannot be taken at face value.
The Chinese model works. It has delivered glittering results and still delivering.
ReplyDeleteThe American model has failed, in America and in Europe. The growth in America is fake. Other than selling chips and building data centres, everything else is stagnant or collapsing. The automobile industry is kept alive, in the critically ill list, be sanctions and banned on importing EVs. But for how long? The farmers are cutting down their production because of clown Trump's trade wars. There is no silver lightning in the dark clouds.
The collapse of America, not China, is a matter of when, imminent. The Washington clowns has not a clue about what is coming.
That the Chinese model works is a bane for the USA's democratic system that is failing. Throughout the decades after WW2, democracy was touted as the winning system that should be adopted by every country. It was to ignite the battle between communism and democratic influence spreading. Now, we are seeing who is winning and who is stuck in the mud, despite all the efforts to keep whipping a dying horse.
DeleteImagine a democratic British Empire forcing a communist China to open its doors to the opium trade. Desperate times need desperate acts and if democracy works so well, why need to use such underhand tactics to win.
DeleteThe West is now spreading doom and gloom about deflation and domestic spending by Chinese falling in China.
ReplyDeleteThe Global South is spreading jubilation about deflation resulting in even cheaper goods from China. China is going to enjoy an even bigger trade surplus this year selling more. So, who is happy and who is jealous.
The protests in Europe is a big lesson that the white party here have to take note of. Too much immigrants/cost of living issue/scarcity of jobs for citizens/spending money on war in Ukraine. All this issue can also blow up here if the current leaders keep it current policy of immigration growth without setting a limit. We are already over the tipping point of more foreigners in the workforce than citizens. The silly citizens better wakeup come next election, before the money minded party bring the country into the longkang.
ReplyDeleteBringing in more foreigners to boost consumption of everything is a drug that the imbeciles are taking and cannot do without. They would not stop it and take the pains from cold turkey and withdrawal effects. It is all in all the way.
ReplyDeleteMainly boosting the big-ticket items like condos and cars, pushing up prices that decimate locals.
DeleteWho is the best bankrupt person to teach China how to manage its economy? Trump of course if you ask around. Who can beat his six bankruptcies. Yet he is still filthy rich despite being a six-time bankrupt. Only in USA. Bankruptcy must be a really lucrative way of making money, lol.
ReplyDeleteOh, there is even his sidekick, Scott Bessent, who bankrupted his own hedge fund empire of US$5 billion. True or not it up to you to think about. Remember Scott Bessent is still extremely rich.
China must learn something from Trump and Bessent how to pick up after a fall.