Comments by "D W" (@DW-op7ly) on "Patrick Boyle" channel.

  1. In 2022, Mexico's imports from China exceeded its exports by more than 100 billion U.S. dollars. In that year, the value of products imported from this Asian country reached approximately to 118 billion dollars, whereas exports totaled to about 10.8 billion dollars. Statista
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  2. Yes Chinese decline started in the 1600s as it was the world economic and technological leader. But it closed in on itself leading to that 2 century decline and then another 100 years Where China was forced to take opium in return for its treasures. The difference while Chinese companies are selling fentynal or their precursor drugs? It is the world leader in producing pre cursor drugs that go into the world pharmaceutical drugs. As China has up to 400,000 drug labs which is impossible to police these drug labs or the precursor drugs they produce
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  3. We get some of the blame because when Nixon went to China in 1972 . To get them to open up the country and economy. The people were still 88% in abject poverty. And it was just 10 years after the great leap forward. And right in the middle of the cultural revolution where 10s of millions met their demise. Yet we spent the last 50 years buying the gadgets made off the hands of 100s upon 100s upon 100s of millions of migrant workers paid dollars a day to make them. Raising our standard of living while keeping their standard of living suppressed It’s just while we borrowed and spent on the public purse (Sovereign debt) and on our own personal pocket books Their migrant workers saved 30% of those wages per year. Invested or made businesses with those slave like wages and enriched themselves. We just didn’t expect that to happen. Yeah sure we expected them to buy 1 billion toothbrushes and 2 billion socks. But we didn’t expect them to enrich themselves This was nothing new. Developed countries go to 3rd world or developing country like China take advantage of the weak labour laws, weak environmental laws, yes weak ip laws, and mass pool of cheap labour And then close shop run for it when the locals complain about the pollution or wages My evidence our TOOBIGTOFAIL investment banks in the west worked out the worst deal for themselves, before pushing for China’s WTO inclusion. A 33% interests in a Chinese subsidiary joint venture investment bank. Where the Chinese parent company held 67% interest these days we just type our suddenly woke indignation on a Chinese made gadget. Even if not made in China will have Chinese made components in it. Right down to the highly polluting rare earths mined and refined in China used to make the gadget in the first place
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  4. BTW one could argue what the west like the UK stole from China gave the rise of the west There is now 27 books on Chinese inventions. Many of which that we claimed as our own 👇 Why was China erased from Western memory Introduction Joseph Needham was an English medical doctor and biologist, teaching in England in the 1930s. By an accident of fate he acquired some Chinese students, and was intrigued to hear their claims of so many medical and scientific discoveries having originated in China, rather than in the West. Needham became fully fluent in Chinese, and eventually moved to China in 1942 to investigate these claims and to research the entire history of Chinese invention. That work led to an astonishing voyage of historical discovery. Needham originally planned to write a book cataloguing Chinese inventions, but his first volume barely scratched the surface of his subject. He slowly gatherred many of his students into this enterprise, and they eventually wrote a collection of 26 books, to catalog the history of Chinese discovery. Myth and Misrepresentation It leaves one speechless to learn the vast extent of things invented by the Chinese many hundreds of years, and often several millennia, before they appeared in the West. mysingaporenews
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  5. What most people don’t get? Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies trade with their Belt and Road country partners Using illegal labour from South East Asia. Or more and more automation in their wholly owned factories in China These are the same companies who got those trump tax cuts you for sure cheered about Same companies based in China who derived 392 billion in sales in Chinese domestic markets in 2018 when trump started his trade war Same companies whose high flying stocks are in your 401k/Pensions Why didn’t China pull the nuclear option and boot these companies you might ask? They don’t believe in a zero sum game type of thinking As you can clearly see in the trade war they didn’t pull out their big trade weapons 👇 Trump’s ‘trade war’ with China won’t be so easy to win Having learned these value chain lessons, Beijing has worked hard to bring more of the high-value-adding parts of value chains into China, and to build hi-tech industries in which it can establish a globally competitive position. China has successfully done this in areas like high-speed trains (CRRC), digital telecoms networks (Huawei), drones (DJI) and hi-tech batteries (BYD). Trump’s team is not wrong to be worried about China’s competitive emergence here, and to target these new-tech sectors in the latest trade war sortie.But here’s the problem: China exports almost none of these new-tech products to the US, making US tariff threats meaningless. Rather, they go to developing economy markets – many embraced by the Belt and Road initiative – where China has succeeded in building a hi-tech, high-value brand reputation. As Trump’s team will quickly learn, the challenge of finding China’s pain points is bigger than expected: for a decade China’s priority has been to base growth on the domestic consumer economy and reduce reliance on the low-value-adding export processing industries (many of which are US- or Hong Kong-owned and concentrated in the Pearl River Delta) SCMP
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  6.  @linkking46  China believes if it makes the economy of another country stronger? it means more trade between the 2 countries and better economy for both … where the USA has a zero sum game mentality, where one side has to win and one side has to lose
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  7. The trade war wasn’t because of trade deficits is because China has not opened up fast enough or even “more” Our western 1%ters are not stooopid. 👇 Project Syndicate The value of global China China faces important questions about whether and to what extent it should continue to pursue opening up its economy to the rest of the world, write Jonathan Woetzel and Jeongmin Seong in Project Syndicate. In any case, China and the world face important questions about the trajectory of their mutual engagement. At stake, according to our simulation, may be some $22-37 trillion in economic value – or 15-26% of world GDP – by 2040. McKinsey
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