Comments by "D W" (@DW-op7ly) on "Is China's 40-year experiment with the West over? | DW Business" video.
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Vietnam posts record 2022 trade surplus with U.S. as China deficit rises
* Vietnam's trade surplus with the United States widened to $94.9 billion last year, the highest level on record,
* Meanwhile, a trade deficit with China, which is the largest supplier of materials and equipment to Vietnam's labour-intensive manufacturing sector, widened to a record $60.2 billion in 2022 from $54.0 billion a year earlier,
Zawya
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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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In 2022, trade between Mexico and the United States reached USD 738 billion, with Mexico posting a surplus of near USD 208 billion.
TradingEconomics
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Divesting to where, the companies that did leave China during the trade war
only 5% went back to the USA
The majority went to SE Asia and the majority of those companies to Vietnam
Back in the 1980s tasked to start researching China for the investment banking firm I worked for
I stumbled upon the fact Chinese people and their companies were already leaving China. And going to these SE Asian countries. To the point thaw days ethnic Chinese and their companies economically dominate these economies. And these Countries are dependent on the Chinese economy
When I warned about this and CCP China at the time
people didn’t believe called me a communist against capitalism as the western world wanted free trade, globalization, open markets
These days folks thinking they can run off to countries like Vietnam have no idea what they are talking about
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Ethnic Chinese dominate PH economy
by Solita Collas - Monsod on Jun 25, 2012
Truly, a picture is worth a thousand words. The pictures of the top 15 Filipino billionaires (in US dollars, mind you) in Friday’s issue of the Inquirer brought home with crystal clarity the domination of the Philippine economy by ethnic Chinese. This is, of course, not a unique situation, as it seems to be the case in all of Southeast Asia
Philippine Daily Inquirer
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Vietnam posts record 2022 trade surplus with U.S. as China deficit rises
* Vietnam's trade surplus with the United States widened to $94.9 billion last year, the highest level on record,
* Meanwhile, a trade deficit with China, which is the largest supplier of materials and equipment to Vietnam's labour-intensive manufacturing sector, widened to a record $60.2 billion in 2022 from $54.0 billion a year earlier,
Zawya
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Timeline of the South China Sea dispute
* It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands
* Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5]
* Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5]
1876 – China makes its earliest documented claim to the Paracel Islands[citation needed]
1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests.
1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys
1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30]
1907 – China sends another naval force, this time to plan for resource exploitation.[28]
1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988.
1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38]
1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan.
1969 – A UN sponsored research team discovers oil under the sea floor of the island group.
1970 – China occupies Amphitrite Group of the Paracel Islands
* In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status.
1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[
Wikipedia
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China trade surplus with the world was 823 billion in 2023
279 billion of it was with you Americans
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
US Multinationals 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
I can show you in the trade vvar how they didn’t pull out their big trade we a pons
In fact when the USA was raising tariffs on countries China was lowering them on Countries instead of the USA of course
For example China dominates the production of the world’s essential ingredients that go into the world’s pharmaceutical drugs. China stops exporting and Americans lose access to Alzheimer’s, Diabetes, Heart Disease, Cancer Drugs etc etc etc etc
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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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China is hiding $3 trillion of foreign currency in 'shadow reserves,' adding unknown risks to the global economy, former Treasury official says
Filip De Mott Jun 30, 2023
Half of China's currency reserves are "hidden," a situation that may add risks to the global economy down the road, former Treasury Department official Brad Setser wrote.
While the country's State Administration of Foreign Exchange reported $3.12 trillion in foreign assets last December, Setser estimates that foreign exchange reserves actually sit at around $6 trillion.
"China is so big that how it manages its economy and currency matters enormously to the world," he wrote in The China Project. "Yet over time the way it manages its currency and its foreign exchange reserves has become much less transparent – creating new kinds of risks for the global economy."
A key indicator about China's reserves is a sudden pause in its reported activity. From 2002 to 2012, China's foreign exchange reserves steadily rose as the central bank bought US dollar assets to prevent China's yuan from appreciating too much, allowing exports to remain cheap.
But over the last 10 years, China's reserves stopped rising, which is puzzling as China's trade surplus has continued growing, and currently stands at an all-time high, he said.
BI
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China’s Gold Reserves Unveiled: Investigating Claims of Secret Hoarding and the Alleged Discrepancy
JANUARY 9, 2024
Based on these calculations, Frisby estimates that China has at around 33,000 tons of gold, with at least half being state-owned. That state-owned portion (16,500 tons) is double what the U.S. holds.
If China admits to the U.S., “We got twice as much gold as you,’ that’s tantamount to a declaration of war,” according to Frisby. The yuan would become more valuable, gold would become more valuable, and China would become the leader of both of these assets.
OxfordGoldGroup
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Difference Between Internal Debt and External Debt!
The basic character of an internal debt is quite different from that of the external debt. In external debt, at the time of repayment there is a real transfer of resources.
In case of internal debt, however, since it is borrowed from individuals and institutions within the country repayment will constitute only a re-distribution of resources without causing any change in the total resources of the community.
There can, thus, be no direct money burden caused by internal debts since all payments cancel each other out in the aggregate community as a whole. Whatever is taxed from one section of the community servicing the debts is distributed among the bond-holders by way of repayment of loans and interest; and quite often, the tax-payer and the bond-holder may be the same person.
At the most, to the extent that the incomes of tax-payers (in a sense, debtors) are reduced, so will the incomes of creditors/ bond-holders increase, but the aggregate position of the community will, nevertheless, remain the same.
However, internal debt may involve a direct real burden on the community according to the nature of the series of transfer of incomes from tax payers to the public creditors. To the extent the tax-payers and the bond-holders are the same, the distribution of wealth will remain unaltered; hence there will not be any net real burden on the community.
Yourarticlelibrary
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Yup, or else we all stole
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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.
mysingaporenewsBlogspot
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A nation of outlaws
A century ago, that wasn't China -- it was us
One hundred and fifty years ago, even America's closest trade partners were despairing about our cheating ways. Charles Dickens, who visited in 1842, was, like many Britons, stunned by the economic ambition of our nation's inhabitants, and appalled by what they would do for the sake of profit. When he first stepped off the boat in Boston, he found the city's bookstores rife with pirated copies of his novels, along with those of his countrymen. Dickens would later deliver
lectures decrying the practice, and wrote home in outrage: "my blood so boiled as I thought of the monstrous injustice." In the United States of the early 19th century, capitalism as we know it today was still very much in its infancy. Most people still lived on small farms, and despite the persistent myth that America was the land of laissez-faire, there were plenty of laws on the books aimed at keeping tight reins on the market economy. But as commerce became more complex, and stretched over greater distances, this patchwork system of local and state-level regulations was gradually overwhelmed by a new generation of wheeler-dealer entrepreneurs.
Taking a page from the British, who had pioneered many ingenious methods of adulteration a generation or two earlier, American manufacturers, distributors, and vendors of food began tampering with their products en masse -- bulking out supplies with cheap filler, using dangerous additives to mask spoilage or to give foodstuffs a more appealing color.
Boston Globe
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