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AQuietNight
Bloomberg Originals
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Comments by "AQuietNight" (@AQuietNight) on "Bloomberg Originals" channel.
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oterenceo Trump would be perfect to go against Xi Jin Ping, a man who doesn't throw softballs and doesn't mind breaking arms. In the US we have had too many politicians with "tact".
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If you have people robbing and stealing because there are no jobs because they have been shipped overseas, you have to put that cost into the price mix. Bargains from China do not always come in cheap.
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@vrealzhou All countries have some sort of infrastructure. What China did was have an atmosphere that allowed private industry to start and grow. Africa had layer after layer of corruption which choked off development in it's earliest stage. This is now changing. 30-40 years ago China would have had little chance of getting back any money loaned out.
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@L98fiero The government gets it's revenue from private companies. China couldn't do anything until the "private" economy started bringing in the money. Then the Chinese government had money to spend for infrastructure.
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Oil is important beyond fuel for your car. We shouldn't have to tax anything to help non-competitive businesses compete. China has coal and coal is still the first choice for electric generation. Also what is ignored is recycling solar panels, it is not a nice, clean business.
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So do the Chinese. And they are getting it.
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The United States is stuck with an over valued dollar. the high value dollar ties the hands of American companies who export.
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@hurry2011 When General Electric shut down it's lightbulb factory people asked why didn't they make CFL bulbs instead? They said they studied it and found even if they didn't pay one person in the plant, they still could not meet or beat Chinese pricing. The U.S. does export some American made cars but very few. A few specialty companies export American made product but once again, not that many. Years ago while Reagan was president the dollar dropped in value. Textile mills in the south gained tons of orders from Europe as the retail pricing for U.S. goods dropped so much Europeans went on a buying frenzy. Yes, a few companies will sell domestic product in Asia. The market will be small and if the dollar rises those sales will disappear.
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China still builds coal fired power plants. Solar panels are tinker toy. When you need real power generation you can rely on, coal or nuclear is what works.
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