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I found this article: China Expels The US From The Global World extremely interesting. It touches on some interesting points that many will find interesting regardless of your view of the issue.
I found this article: China Expels The US From The Global World extremely interesting. It touches on some interesting points that many will find interesting regardless of your view of the issue.
"Moreover, China offers a new type of globalization: on a voluntary basis and without military dictatorship"
That's laughable. China cannot match tariff for tariff because they export over $500 billion to us and import $130 billion. So they can match tariffs on $130 billion and then they are out of ammo.
And what China imports are essentials like food, fuel, raw materials that they cannot simply do without and cannot easily be sourced elsewhere. Meanwhile, we import mostly junk, cheap versions of products available elsewhere. Our consumers will pay higher prices for discretionary goods and whine about it. Their consumers will starve.
And if China really crosses the line, we void the debt they hold.
Food producing countries like Russia, Brazil, Argentina and Australia are eager to expand their Chinese market. The US only has about a 10% share of the international food export trade. The Brazilians are converting a million acres of rainforest a year to farms. China doesn't need us, but US agriculture desperately needs China.
Food producing countries like Russia, Brazil, Argentina and Australia are eager to expand their Chinese market. The US only has about a 10% share of the international food export trade. The Brazilians are converting a million acres of rainforest a year to farms. China doesn't need us, but US agriculture desperately needs China.
Russia and Australia are net importers of food.
"At the moment, the United States is the world's largest agricultural exporter, but its share of the global market has fallen in recent decades and was estimated at 28% in 2017, says Agriculture.com." Russian food exports rose 25% to a record $19 billion in 2017
China holds I believe 2 trillion dollars worth of US debt. Almost every media says it's a doomsday if China were todump its holding in US debt.
Is anyone able to paint a picture of that scenario? Yes we all know price of US debt can plummet and yield can shoot up; I am talking 3,4, or even 10 steps beyond the obvious. What is that doomsday?
I for one, might convert most of my assets to US debt if 30 year Treasury yield goes to say 5-6%. Seems to me it would be a good opportunity to pick up some quality investment...
Сhief, all gone to pot.
"To dump" means China will start buying American goods.
This will not happen in the foreseeable future.
"To dump" means China will start buying American goods.
This will not happen in the foreseeable future.
Not necessarily. Assuming they continue to sell the US stuff, it would mean China simply keeps their earned USD's and not convert to US Treasury debt paper. But they could buy more US stuff.
Not necessarily. Assuming they continue to sell the US stuff, it would mean China simply keeps their earned USD's and not convert to US Treasury debt paper. But they could buy more US stuff.
Not necessarily. Assuming they continue to sell the US stuff, it would mean China simply keeps their earned USD's and not convert to US Treasury debt paper. But they could buy more US stuff.
China's biggest strength, their large population of "middle class" is also their biggest weakness...
China is a communist state, a large middle class doesn't do "communism" well, China will either conflict with them or need to change their government
Gradual changes as China moves more toward a consumer economy like ours. They may indeed end up buying more stuff from us. And also from many other nations. Looking for cheap and looking for quality.
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