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THE China Thread pt 8 (merged)

A forum for discussion of regional topics including oil depletion but also government, society, and the future.

Re: THE China Thread pt 8 (merged)

Unread postby JuanP » Fri 19 Mar 2021, 19:58:49

"From the Earth to the Moon: Biden's China policy doomed from the start"
https://www.counterpunch.org/2021/03/19 ... the-start/

"By the end of 2019, China became the world’s leader in terms of diplomacy, as it then boasted 276 diplomatic posts, many of which are consulates. Unlike embassies, consulates play a more significant role in terms of trade and economic exchanges. According to 2019 figures which were published in ‘Foreign Affairs’ magazine, China has 96 consulates compared with the US’ 88. Till 2012, Beijing lagged significantly behind Washington’s diplomatic representation, precisely by 23 posts.
Wherever China is diplomatically present, economic development follows."

This is another great achievement for China's government and people under President Xi Jinping's leadership. China is now the # 1 country in the world diplomatically, with the largest number of diplomatic posts, 276, and the largest number of consulates, 96. China is fast becoming the number one country in the world in almost every way that matters.

The USA is still the number one country in military expenditures, number of nuclear and biological weapons, weapons sales, illegal invasions of and attacks on foreign countries, and military bases in foreign countries. Also, for a handful of years more, the USA will remain the largest economy on the planet, though not on PPP terms, but that will stop being the case before the end of this decade.
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Re: THE China Thread pt 8 (merged)

Unread postby evilgenius » Sat 20 Mar 2021, 10:48:35

JuanP wrote:"'World has never seen this much wealth created in just one year': China tops US in number of dollar billionaires"
https://www.rt.com/business/516970-chin ... lionaires/

China now has more billionaires than any other country in the world, including the USA. China also minted more new billionaires in 2020 than all the rest of the world put together. China also experienced more economic growth in absolute terms in 2020 than any other country in the world.

I guess one could say that Trump's trade war against China was a complete and utter failure. I expect Biden's ongoing trade war against China to be a complete and utter failure, too. China has developed and grown to a point where no country or coalition of countries in the world can prevent it from becoming the largest economy and most powerful country on the planet before this decade is over.

I continue to think that the best policy toward China for the US is to engage them. Fostering the growth of independent initiative is a real solution to collectivism. It doesn't have to be that China abandons collectivism, they just need to respect individualism along with maintaining whatever degree of collectivism works for them. They need to find out what the balance is, and write it into law. Countries having rules that even authoritarians have to follow is a good start to ridding themselves of authoritarianism. That's how we might get the right kind of revolution to take place in China, one which actually frees the Chinese people from top down authoritarianism while also respecting how their culture assumes some level of collectivism as normal. They are never going to become a clone of the US, and they shouldn't. I don't, however, see why they shouldn't be trade, or closer, partners with the US throughout the 21st Century.

It seems to me that the real fear among Americans over China is not their form of government. Americans may be jealous of China, or afraid of what they would be like as a Bogeyman. Americans seem to want a particular kind of confrontation. They don't seem to be looking for peace. They don't want some kind of economic solution, unless it comes with a clear winner. All of this hyping of China foots that bill. But nobody is asking what China wants with a decimated US. They just assume the Chinese see things the same way that Americans do. This argument seems to be about how to win, when winning doesn't have a very satisfying definition. War usually arises from such fearful symmetry. Everybody says they don't want that kind of war, but they are usually lying when they say that. As long as the worst realities of war aren't placed right in front of people, and, sometimes, when they are, people love war. Never mind that those who start these sorts of wars don't always finish them. We always listen to those who want to start these things.
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Re: THE China Thread pt 8 (merged)

Unread postby JuanP » Thu 25 Mar 2021, 15:56:06

"China was LARGEST recipient of FDI in 2020: Report"
https://www.reuters.com/article/us-chin ... SKBN29T0TC

"Reuters) - China was the largest recipient of foreign direct investment in 2020 as the coronavirus outbreak spread across the world during the course of the year, with the Chinese economy having brought in $163 billion in inflows.

China’s $163 billion in inflows last year, compared to $134 billion attracted by the United States, the United Nations Conference on Trade and Development (UNCTAD) said in a report released on Sunday.

In 2019, the United States had received $251 billion in inflows and China received $140 billion.

China’s economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-striken 2020 in remarkably good shape and remained poised to expand further this year even as the global pandemic rages unabated."

China continues to beat the crap out of the USA by every metric that matters. These numbers are astounding! China went from having a little more than half the USA's 2019 FDI to having $29 billion more in just ONE year! At this rate, China will be better and bigger than the USA in almost every political, diplomatic, social, economic, and financial statistic before this decade is over. The USA is not just becoming a Third World country, it is becoming a socially and politically unstable failed state. With senile Biden and his neoliberal and neocon team in place we can now expect things in the USA to deteriorate increasingly faster. It look increasingly unlikely that the US Dollar can hold on to its value and position until the end of this decade; the whole American aconomic, financial, social, and political systems could go poof at any minute.

And to top it all, Biden is now saying that he will run in 2024. That is a wet dream come true for its enemies and competitors. Thank the gods that I don't own a single dollar denominated asset!
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Re: THE China Thread pt 8 (merged)

Unread postby dissident » Fri 26 Mar 2021, 14:11:51

The US FDI number slump is a transient effect. So the 2019 figures are still relevant. China has not quite beaten the USA in FDI inflows just yet.

But the relative size difference is shrinking and underscores the large size of China's economy.

https://www.zerohedge.com/markets/why-c ... r-xinjiang

ZeroHedge typically froths at the mouth against China, but this article is not exaggerating the importance of China's consumer market.
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Re: THE China Thread pt 8 (merged)

Unread postby JuanP » Mon 29 Mar 2021, 12:18:12

"America losing the future to China"
https://asiatimes.com/2021/03/america-l ... -to-china/

The USA is running out of time if it wants to remain the most powerful country in the world. At the rate things are going China will win the race by the end of this decade. The USA needs to sacrifice the American Empire and invest domestically in R & D if it wishes to stay on top. With senile, mentally disabled, Joe Biden as US President, and a bunch of delusional neocons and neolibs behind him, I honestly don't think the USA stands a chance. The USA will retain the capacity to nuke human civilization to oblivion for some time, though, at the risk of being completely destroyed itself, of course.

I am very happy that Uruguay is in the Deep South of the Southern Hemisphere, and not worth nuking, though I would expect the USA to nuke Brazil and Argentina in an absolutely worst case scenario, and I planned my preps accordingly.
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Re: THE China Thread pt 8 (merged)

Unread postby dissident » Mon 29 Mar 2021, 16:13:20

Read the following GAO report:

https://www.gao.gov/products/gao-21-378

According to blowhard Bolton, Russia stole US hypersonic tech. Yeah, by reading physics textbooks. Losers.
There is no way that 10 years of R&D will bring America the commanding heights it craves so bad. It is slipping
and badly. And this slipping has long term problems driving it. The primary one is that it is evolving into a
PC idiocracy where participation trophy retards are hired over people with actual merit for a slew of nonsensical
reasons.

The US dollar as world reserve currency that enables the funny money printing racket to work for now is also on
borrowed time. People around the world have to keep believing that the US dollar is better than gold. But that
cannot hold if the US can't even "Make America Great Again" by repatriating production back to its soil and giving
up on the neo-commie globalism project. America's elites can't have their cake and eat it too. Either they rule
the global economy as they throw the American people under the bus, or they invest in America itself. They are
clearly not interested in the latter given the foaming at the mouth and rabid reaction to Trump. And please all
of you D. Party nincompoops, Biden is not in any way better than Trump.
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Re: THE China Thread pt 8 (merged)

Unread postby JuanP » Sat 17 Apr 2021, 12:27:16

"China's Q1 GDP growth 18.3% year on year, highest in three decades"
https://www.globaltimes.cn/page/202104/1221234.shtml

The Chinese economy is firing on all cylinders. The Chinese economy could grow 10% or more this year; I've read estimates of up to 12.3%. The Chinese only have official quarterly growth statistics for the last three decades, but this is quite likely the largest year on year quarterly economic growth in millennia for the Chinese civilization, which is the longest lasting continuous human civilization which has ever existed anywhere in the world. And China's economy didn't even experience a technical recession last year, with the economy contracting only in January and February, but growing since March, and growing 2.3% in 2020. Last year's Q1 year on year contraction was 6.8%.

The coming April tourist season also will beat all time records with ticket sales and hotel reservations at an all time high. High speed rail tickets for the holiday sold instantly went they went on sale online, crashing several computer systems. China, of course, has the largest domestic tourist market in the world, which creates the largest human migrations in our species' existence.

The Chinese economic growth in the last 40+ years is unprecedented in human history in speed, length, and scale. According to UN statistics, China has lifted more than 1,000,000,000 people out of poverty in my lifetime, and is responsible for more than 70% of global poverty eradication in the last 50 years.
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