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Thread: Big Trouble In Big China

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    Big Trouble In Big China

    Their economy is at a 27 year low with no improvement in sight.


    https://markets.businessinsider.com/...edium=referral

    quoth the link:
    “China's trade war with the US is not over, and it doesn't look like negotiations are progressing any faster than they were before. So relief in the form of increased US exports isn't on the table yet.”

    “Ever since the government's May takeover of Baoshang Bank — a small regional bank in Mongolia — the banking system has been on tenterhooks.”


    Taxcutter says:
    China HAS TO have a high growth rate because of the disparity in income in China. Two thirds of China is poor. I mean Bolivia or Zimbabwe poor. Growth allows the dirt-poor interior some hope of catching up to the wealthier coastal regions.

    China is going to have to play ball with Trump.

    All their countermeasures are either ineffective or counter-productive. Dumping the dollar, or US bonds is not a bright idea for a nation that is deeply invested in dollars and US debt. This is particularly stupid for a nation with a shaky banking system. The nightmare of Japan awaits.

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    MrMike (07-16-2019),RMNIXON (07-16-2019)

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    RMNIXON's Avatar
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    We are in our best position to negotiate a fair deal and the left media ignore!
    "Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same, or one day we will spend our sunset years telling our children and our children's children what it was once like in the United States where men were free."

    - Ronald Reagan

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    Hillofbeans's Avatar
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    Quote Originally Posted by RMNIXON View Post
    We are in our best position to negotiate a fair deal and the left media ignore!
    But of course, they refuse to help the country or it's president no matter what, who, or why.

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    China needs to build a REAL economy.

    The one they have now, is pretty much "smoke and mirrors...."

    Either way, they need American Trade to do so.
    Al Swearengen: What's your partner so mad about all the time?
    Sol Star: He's not mad.
    Al Swearengen: He's got a mean way of being happy.



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    In the 80s, riding high on a huge trade surplus with the US, Japan let their banks go to pot.

    That caused a generation-long recession they only now climbing out of.

    Same thing could happen to China.

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    If you pay much attention to Putin, reading all of the captions, you know that he's been paying attention to the writing on the wall, and the story of human history. Economic contests between super powers will always take us back to war. He knows where this is going, and that's why he knows what to be ready for.

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    High growth rate and improved income disparity don't always correlate.

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    Quote Originally Posted by Mr. Independent View Post
    High growth rate and improved income disparity don't always correlate.

    Taxcutter says:
    They sure do in China these days.

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