Any trade war between us affects both of us because whatever China exports to us supports India's retail and service industries.
Analysis Tracking USA VS China Trade war
- Thread starter Shashank
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Any trade war between us affects both of us because whatever China exports to us supports India's retail and service industries.
That's BS. China will easily achieve superpower status by 2040 even with their current economic problems, let alone 2050.
Their govt spending last year alone was $3.3T while America's was $4.1T. So they are pretty much already there in terms of how rich the govt is. I'd say China's richer because of the effect of PPP. In terms of military might, they will start challenging the US by 2035. And in terms of diplomacy, they can buy their way into most countries in Asia and Africa.
French farmer dispute over Canada-EU trade deal. It's a good job we don't dump manure outside EU Parliament every time we're unhappy with the UK-EU trade deal. Brussels would be a mountain of sh1t by now if we did.
Wouldn't it be funny if we pretended there was an incidence of lost in translation and thought that the divorce bill meant 39 million lb not £39m and delivered 39 million lbs of manure to them.No, I'm sure the UK would have done it if the Channel was motorable.
The Hindu (@the_hindu) Tweeted:
Despatch from Beijing | Accusing the #US of “trade bullying practices,” the the Chinese Foreign Ministry was clear that such tactics would not work on #China.
When China wants ‘U.S. to return to reason’ ( )
Despatch from Beijing | Accusing the #US of “trade bullying practices,” the the Chinese Foreign Ministry was clear that such tactics would not work on #China.
When China wants ‘U.S. to return to reason’ ( )
IndoPacific_SCS_Info (@IndoPac_Info) Tweeted:
#China could cut off vital supply of drugs to #America and even add lethal contaminants if trade war escalates, defense experts warn - "Basically we've outsourced our entire industry to China" China could cut off supply of drugs to US and even add lethal contaminants, defense experts claim | Daily Mail Online ( )
#China could cut off vital supply of drugs to #America and even add lethal contaminants if trade war escalates, defense experts warn - "Basically we've outsourced our entire industry to China" China could cut off supply of drugs to US and even add lethal contaminants, defense experts claim | Daily Mail Online ( )
IndoPacific_SCS_Info (@IndoPac_Info) Tweeted:
Thread: #US senators call for approvals review of #Chinese telecoms operators - Democrat Leader Charles Schumer and Republican Tom Cotton question whether China Telecom and China Unicom should be barred from US
US senators call for approvals review of Chinese telecoms operators (
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Thread: #US senators call for approvals review of #Chinese telecoms operators - Democrat Leader Charles Schumer and Republican Tom Cotton question whether China Telecom and China Unicom should be barred from US
US senators call for approvals review of Chinese telecoms operators (
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China Trade Negotiators Cut U.S. Trip Short After Trump Says He Doesn't Need A Deal Now
China Trade Negotiators Cut U.S. Trip Short After Trump Says He Doesn't Need A Deal Now
Trump told reporters Friday there was no need to work out a trade deal with China before the 2020 election because the American economy is “so strong”
China Trade Negotiators Cut U.S. Trip Short After Trump Says He Doesn't Need A Deal Now
Trump told reporters Friday there was no need to work out a trade deal with China before the 2020 election because the American economy is “so strong”
IndoPacific_SCS_Info (@IndoPac_Info) Tweeted:
Thread: #Chinese theft of trade secrets on the rise, the #US Justice Department warns Chinese theft of trade secrets on the rise, the US Justice Department warns ( )
Thread: #Chinese theft of trade secrets on the rise, the #US Justice Department warns Chinese theft of trade secrets on the rise, the US Justice Department warns ( )
IndoPacific_SCS_Info (@IndoPac_Info) Tweeted:
Thread: Trump's Advisor Says Likely To Escalate Trade War With China If No Deal Soon - #US & #China's economies have been locked in a bruising trade war since Trump in March last year imposed tariff hikes of up to 25% on USD 250 billion of Chinese goods Donald Trump's Advisor Says Likey To Escalate Trade War With China If No Deal Soon ( )
Thread: Trump's Advisor Says Likely To Escalate Trade War With China If No Deal Soon - #US & #China's economies have been locked in a bruising trade war since Trump in March last year imposed tariff hikes of up to 25% on USD 250 billion of Chinese goods Donald Trump's Advisor Says Likey To Escalate Trade War With China If No Deal Soon ( )
IndoPacific_SCS_Info (@IndoPac_Info) Tweeted:
Thread: #China to place government officials inside 100 private companies, including Alibaba - If there was any doubt about collusion between China's government & private companies, this takes care of it China to place government officials inside 100 private companies, including Alibaba ( )
Thread: #China to place government officials inside 100 private companies, including Alibaba - If there was any doubt about collusion between China's government & private companies, this takes care of it China to place government officials inside 100 private companies, including Alibaba ( )
The problem with Trump trade tactics was that it was ill timed. China is also undergoing a economic slump which showed signs much before Trump came to office. With economy showing a decline, Xi had no option to take on a more nationalist tone to shore up popular support. Had there been different Chinese president and had china still been growing as it was doing 10 years back, Trump could have expected the Chinese to be more amenable to such blackmailing and be more willing to cut a peace deal. Now we will witness a war of trade attrition. China would be hoping that either Trump will get impeached or worse they will have to wait him out for 4 more years, until a less belligerent president takeover in the white house. This Face-off will likely continue for a prolonged period as of now.
China’s Economy Struggling Across All Sectors, Beige Book Says
China’s Economy Struggling Across All Sectors, Beige Book Says
Bloomberg News
BloombergSeptember 24, 2019
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.
China’s economy in the third quarter was the weakest it has been this year, according to the China Beige Book, with manufacturing, property and the services sectors all worsening, even as borrowing picked up.
Manufacturing revenue, profits, volumes and sales prices fell by double-digit paces from the previous three months, although borrowing remained at its highest level, according to the quarterly report.
“Retail and services stood out mostly for how incapable they were at picking up the slack,” the report said.
The current weakness in the economy is primarily due to manufacturing. While a drop in exports was a factor, most of the decline was due to “considerably slower sales price growth,” according to the report. Prices at the factory door stopped rising in June and then fell in July and August, which can hurt companies’ profits, limiting their ability to invest and service debt.
The services sector continued to underperform, with both revenue and profits dropping from the same period last year. Hiring also slowed, which means that “if manufacturing does have to shed a large number of jobs, services has shown no capacity to absorb them,” the report said.
There was a resurgence of borrowing in the period. Shadow banking posted the biggest quarterly increase since the Beige Book began, bond issuance rose for a fifth quarter and lending increased. These trends indicate there isn’t a shortage of credit to the economy, the report said.
Pent-up demand for loans, which shows who wants to get access to capital but can’t, was at its lowest in four years. Meanwhile, more than 30% of manufacturing firms were borrowing each quarter, indicating that “the sector as a whole is in clear distress or a large proportion of firms should be failing,” according to the report.
The report is based on interviews with more than 3,300 firms conducted in China from mid-August to mid-September.
To contact Bloomberg News staff for this story: James Mayger in Beijing at [email protected]
To contact the editors responsible for this story: Jeffrey Black at [email protected], Jiyeun Lee, Michael S. Arnold
China’s Economy Struggling Across All Sectors, Beige Book Says
Bloomberg News
BloombergSeptember 24, 2019
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.
China’s economy in the third quarter was the weakest it has been this year, according to the China Beige Book, with manufacturing, property and the services sectors all worsening, even as borrowing picked up.
Manufacturing revenue, profits, volumes and sales prices fell by double-digit paces from the previous three months, although borrowing remained at its highest level, according to the quarterly report.
“Retail and services stood out mostly for how incapable they were at picking up the slack,” the report said.
The current weakness in the economy is primarily due to manufacturing. While a drop in exports was a factor, most of the decline was due to “considerably slower sales price growth,” according to the report. Prices at the factory door stopped rising in June and then fell in July and August, which can hurt companies’ profits, limiting their ability to invest and service debt.
The services sector continued to underperform, with both revenue and profits dropping from the same period last year. Hiring also slowed, which means that “if manufacturing does have to shed a large number of jobs, services has shown no capacity to absorb them,” the report said.
There was a resurgence of borrowing in the period. Shadow banking posted the biggest quarterly increase since the Beige Book began, bond issuance rose for a fifth quarter and lending increased. These trends indicate there isn’t a shortage of credit to the economy, the report said.
Pent-up demand for loans, which shows who wants to get access to capital but can’t, was at its lowest in four years. Meanwhile, more than 30% of manufacturing firms were borrowing each quarter, indicating that “the sector as a whole is in clear distress or a large proportion of firms should be failing,” according to the report.
The report is based on interviews with more than 3,300 firms conducted in China from mid-August to mid-September.
To contact Bloomberg News staff for this story: James Mayger in Beijing at [email protected]
To contact the editors responsible for this story: Jeffrey Black at [email protected], Jiyeun Lee, Michael S. Arnold
IndoPacific_SCS_Info (@IndoPac_Info) Tweeted:
Thread: #Trump has the upper hand in the trade war with #China. He can't back down now - China is in trouble -- its people know it & Trump knows it. In fact, Trump knew all along that his hardline stance against China would eventually dent its economy
Trump has the upper hand in the trade war with China. He can't back down now (opinion) - CNN (
)
Thread: #Trump has the upper hand in the trade war with #China. He can't back down now - China is in trouble -- its people know it & Trump knows it. In fact, Trump knew all along that his hardline stance against China would eventually dent its economy
Trump has the upper hand in the trade war with China. He can't back down now (opinion) - CNN (
)