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Doncarlo
PolyMatter
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Comments by "Doncarlo" (@doujinflip) on "Why China is About to Start a Trade War" video.
That's primarily with just the US. China is currently trending to start one against Europe and all the Global South countries where they've been getting offshored to.
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The terrible part being China has expended all its options for state-led domestic economic growth. Now it faces the choice of economic (which threatens political) reform, or trying to impose an even more export-dominated revenue stream from a world that wants to diversify its supply from the single-source of China.
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Only by finally fighting back. China began the assault back when it joined the WTO but deviated and violated the precepts of free trade with its generous state support while extracting, ejecting, and banning foreign competition over the past like 20 years.
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It's all debt. That they're not going to pay back. Just like how they're not paying back the trillion or so dollars worth of Qing and Republic Era bonds that pre-1949 China issued and the succeeding PRC legally inherited.
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