Comments by "D W" (@DW-op7ly) on "Bloomberg Opinion: Yellen Junks Economics to Block China Clean Tech" video.

  1. 1990s we were already talking about a China crash as we expected that manufacturing to go to India because of cheaper wages Back in the late 1980s I was warning about Free Trade and the push for Globalization Especially when it came to the rise of CCP China. This was before their GDP was even a blip on the radar yet was getting laughed at and called a CCP 50 cent army poster. Communist Traitor, against Capitalism and worse names That’s because Conservatives minded folks back then, were pushing for Globalization and Free Trade Going back as far as 1972 when Nixon went to China to get them to open up? It was just 10 years after the Great Leap Forward And right smack dab in the middle of the Cultural Revolution where 10s upon 10s of millions in that country met their demise Yet we spent the last 50 years buying the gadgets made off of 100s upon 100s and 100s of millions of migrant workers Paid slave like dollar a day wages So yes… since then we have all sold out typing on our Chinese made gadgets even if not made in China will have Chinese made components in them. Right down to the very rare earths used to make them
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  2. China isn’t running out of customers they are making plenty of customers in the rest of the world the USA is just complaining about that Even these last few years as China has invested trillions in their belt and road partner countries China exports are up 7.1% for the first few months of 2024 And it still has a 820 billion plus dollar a year trade surplus with the world the last 2 years Even though their Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people have added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023 👇 Chinese Consumers Are Saving Rather Than Spending Amid Economic Downturn Dec 21, 2023 — Chinese households have added 13.8 trillion yuan ($1.89 trillion) The middle class is also prioritizing savings and seeking safe investment opportunities, according to the report. Chinese households have added 13.8 trillion yuan ($1.89 trillion) in savings in the first 10 months of the year, an 8.5% increase from the previous year. Pymnts
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