Comments by "D W" (@DW-op7ly) on "Trump’s vs. Biden’s Plans to Prevent Another ‘China Shock’ | WSJ" video.

@PM21-s2w ⁠Wages naturally go up… you the American consumer are just paying more for the Chinese made products who go through intermediary countries The Chinese don’t have that zero-sum game mentality we have out here in the west The Chinese view their products that go to Mexico then go onto the USA will help enrich Mexico and make a stronger future trade partner You Americans will eventually view that as a threat Your argument reminds me of when I use to have debates with Americans crying about the offshoring of their jobs The issue isn’t who you trade with. You trade with XYZ country you will have a trade deficit with XYZ county Simply because you Americans consume more than you produce Sure America may have lost 7 million manufacturing jobs from the height of their manufacturing days. But they gained 53 million service sector jobs 33 million of them higher paying jobs than their manufacturing jobs So with more jobs, more higher paying jobs, and added saving from imported goods did the average American Invest,save, throw that money under the mattress? No they spent those added earnings and the borrowed to spend some more You Americans are just looking to blame anyone else but yourselves
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@PM21-s2w as for the China slowdown Time to learn what we are up against instead of being a 5th columnist American People like you fooled people into thinking China was going to crash for over 30 years now In China in 2008 around 70% of the people in their real estate markets were buying their 1st homes in their cities By 2018 around 70% of the people in their real estate markets were buying their 2nd and 3rd homes in their cities That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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@PM21-s2w 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 👇 Study shows BYD Seal and Dolphin are two of the world’s safest cars Reading Time: 3 minutes Mark Andrews March 13, 2024 In the study by the car insurance experts 32 models available in most of six markets were examined across six data points. Countries looked at were Australia, New Zealand, Germany, the United Kingdom, United States and Canada and these markets are covered by three different safety authorities. To gain an overall safety rating the ratings of the three individual agencies were analyzed under Global New Car Assessment Programme (Global NCAP). In addition the study looked at whether key safety assistance systems were universally available on each model. CarNewsChina
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@austinma3707 ⁠stop with the f ache news every 100 days the USA has to borrow 1 trillion to keep the economy afloat That’s subsidizing the entire US economy let alone exports And yes China in the last 2 years alone has thrown 1.4 trillion at its clean,green, renewable etc (And that is not even including the portion of the clean, green renewable investment of the trillions it has invested/lent out around the world in tech/infrastructure these last few years) But then we were crying they were the number 1 polluter in the world not to long ago Now its overcapacity 🙄 👇 China is responsible for 33% of the world’s energy-related CO2 emissions today, but this will reduce to 22% by 2050, a reduction in annual emissions of 8 GtCO2 (three times the size of Europe’s decarbonization over the same period) China’s power mix shifts from 30% renewable today to 88% by 2050 Solar makes up 5% of power generation in China today – this will rise to 38% by 2050 Oil consumption only halves by 2050 from its 2027 peak, while natural gas peaks in the 2030s before returning to today’s levels by mid-century China will further extend its position as the world’s green energy leader with unrivalled build-out and export of renewable technology DNV
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