Thursday, August 16, 2018

The Travails of the ChiComs

Surber brings up a matter which we'd known about several days ago.

...To find the news, I read the South China Morning Post, which is worried spitless that the Red Chinese economy will tank like its stock market has....

(Its stocks overall have declined in value by 40% in the last three years. Our stocks are up 33% since we elected Trump. In the eight years from Obama's election to Trump's, the Dow rose by 33%.)
The newspaper is running a series of columns by panicked investors and experts.

Aidan Yao is senior emerging Asia economist at AXA Investment Managers.
Yao wrote, "China needs to put its house in order as the trade war goes from bad to worse."...

 Xu Yimiao is an independent China-based researcher....

Xu wrote, ... "Beijing’s strategy of a tit-for-tat retaliation over tariffs has clearly failed. In fact, this strategy escalated the conflict. The direct retaliation after the US announced the first batch of 25 per cent tariffs on US$50 billion in Chinese goods (with the increase from US$34 billion just finalised and coming into effect on August 23) brought few benefits for China. If anything, it gave the US an excuse to plan for a new batch of tariffs covering US$200 billion in Chinese goods. To be fair, it is possible that the US would have escalated the conflict even if China had not retaliated, but whatever the case may be, China’s strategy did not work,".

There are reports of unrest in that country, and not just from the Uighurs (Moslems) in the far western region.  Party officials are questioning Jinping's moves and Chinese continue to buy land and buildings in the West--so much so that New Zealand has made such purchases illegal (!)

Obozo's SecState Clinton owed a great deal to the ChiComs and she did what she could for them, by focusing the US on the Russkie Menace. 

Trump does not owe the Chinese anything.  Amazing what just one election can do, eh?

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