US trying their best to stop Huawei.

[eatshitndie]

Reserve currency and trading currency are 2 different concepts.
USA has the 2 advantage over china in this case

Vietnam has just signed a tariff pact with USA.
Export from Vietnam to USA will be charged 20% tariff , import to VIETNAM will be charge 0% tariff . Those who uses Vietnam to re-export their product will be charged 40% tariff.

Chinese is always the manufacturing economy. Their internal consumption is really bad. Partially because of the real estate bubble bursting or burst and the effect that goes with the real estate bursting.

That's why for china to be strong. They need political changes. They need to become consumer economy then manufacturing economy.

ccp needs to offer tiongcockers real ownership of homes and real estate, not just 69-year leases. and homesteads in the barren and desert west, just like homesteading to the wild wild west among americans in the 1850s. tiongs and chinks in general dream about ownership in land and homes, just like americans and the american dream. to own land and homes the owner is incentivised to work smart and hard to earn money to buy them. give tiongs and chinks freedom and incentives in achieving their dreams, and the economy will move along (fast and furious). don’t need draconian stymying policies and fancy rhetoric and commie slogans such as “common prosperity”. in fact all tiongs and chinks alike are terrified by that slogan, except ccp cocksuckers. when deng announced “to be rich is glorious” tiongcock’s economy went from zero to hero in less than 2 decades. give tiongs their dues and rewards and they will rise to be billionaires. now their billionaires are cowering in fear and running road, thanks to xia xuay xi going back to the mao era of a great leap forward (and two great leaps back).

 

[eatshitndie]

China is a big consumer nation. It was germany's biggest car market and high luxury brands biggest market before covid till now.
Currently it is still The biggest car market on the planet. But Chinese not buying legacy cars anymore. They are into EV's.

everything between deng and hu in tiongcock was great. it was a combo of economic incentivisation and freedom to get rich. now “to be rich is glorious” is replaced with “common prosperity” by xia xuay xi, and nobody in tiongcock willing to share wealth nor hard earned money. in fact, no chinks nor tiongs on this planet will want to share family trust and wealth with strangers, not even cousins. the concept of family wealth and prosperity is lost on the ccp and their cocksuckers. why work so hard and sacrifice so much to build a business and accumulate wealth for your family when they all are seized by regime and shared with others sitting idle and lying flat? tiongcock has gone full commie retard after xi becums emperor for life. they need to depose him and return to the glory days of deng, jiang, hu when anyone can rise to be a billionaire.

 

[superpower]

in fact, no chinks nor tiongs on this planet will want to share family trust and wealth with strangers, not even cousins.

This I agree with 100%.

Problem is when you have small segment of billionaires, 50% sandwiched middle class, 45% poor farmers and rising income gap, you get social unrest. No elections means CCP may be toppled, maybe another revolution.

Eventually for China to be rich and great and egalitarian, the Chinese must learn accept some kind of social welfare. There will always be leeches, loafers and idlers in any society. Look to North Europe, not US.

 

[eatshitndie]

This I agree with 100%.

Problem is when you have small segment of billionaires, 50% sandwiched middle class, 45% poor farmers and rising income gap, you get social unrest. No elections means CCP may be toppled, maybe another revolution.

Eventually for China to be rich and great and egalitarian, the Chinese must learn accept some kind of social welfare. There will always be leechers, loafers and idlers in any society. Look to North Europe, not US.

the barren and desert west can be home to the freeloaders, loafers, and idlers if given land (and a new home) as a homestead. with it cums risks and rewards. but the rewards far outweigh the risks. before the sf gold rush, america was stacked in the east with losers as too many poor immigrants from europe landed on the east coast, obviously on geographic reasons. the west was wild and mostly empty except for several hostile american indian tribes. homestead changed all that with the poor, losers, freeloaders, loafers and idlers picking up courage to acquire parcels of land that were given out free. if a tiong is lying flat now, a free parcel of land (69 sqm) in the open space between kashgar and urumqi can cause him or her to stand up and run west. moreover tiongcock’s population is no longer sexploding. populating the west should be tiongcock’s top 5 policy. it will take a hundred years for it to sprout into populous towns and cities. the u.s. would have declined without the wild west. losers and loafers find ways to survive and thrive when given the chance and freedom. children of these losers and loafers (some of them robbers and murderers) are now running the show out west in sillycon valley and hollywood. without the wild west, there’s no courage, no curiosity, no commitment, no gung-ho, no can-do spirit. it’s mainly the west that made america great today. 169 years of grit and character building.

 

[congo9]

Actually China is the world's largest market for many consumer goods: cars, cellphones, luxury items, renewable energy. Its auto market is the size of the US and Europe combined.

All this is not reflected in trade figures (which show huge surpluses), because what China needs and buys, China makes! Having a huge domestic market allows them economies of scale in manufacturing which makes their products competitive when they export to other countries.

Per capita basis, Americans are still the top consumers because every household spends on debt. Total US household debt is $18 trillion (China only $11 trillion, up 100% because of property bubble), #1 in the world. Is an economy based on massive household debt spending a 'strong' economy? I don't think so. They can do it because USD is reserve currency, that's all. Any other country going that route will be bankrupted.

USA can do it because cos they have the consumer who is willing to spend.
China with 1.4 trillion still want to to export their way to prosperity , try to undercut people. Steal people technology and produce it. Selling at cheap price. That's going to end for them with the Tariff.

We need to understand if you have the population numbers but half of the population is earning which is 600 million people is earning leas them usd$140 per month. It's the quality that counts.
The amount of people that china has is only over abundance of people. Not the kind of well heeled individual we are looking at.

China needs to understand that under cutting and stealing people hardwork can only go so far. They need to go into R&D. Creating wealth and their own consumer market.

 

[superpower]

China needs to understand that under cutting and stealing people hardwork can only go so far. They need to go into R&D. Creating wealth and their own consumer market.

You're behind the times. A generation ago, the Chinese depended on reverse engineering and copycat strategies. Today they're almost catching up with the US in terms of absolute R & D spending, and surpassed the US in per capita GDP R & D spending.

China is the already largest contributor to global patent applications, substantially ahead of other countries. China's patent applications have grown rapidly in recent decades. Chinese applications surpassed US applications in 2010, reaching over 1.4 million in 2021.

The Chinese are not stupid - they know they have to move up the value chain, because there will always be another poorer country willing to work longer hours and undercut you. They are the world's factory today, but it will not last forever. The chips sanctions on China has also woken them up - you can't always depend on access to Western technology - you have to build up your own.

Today China graduates 1.4 mil engineers every year, compared to 200,000 in the US. The number of PhD graduates in STEM far outnumber the US, 50k vs 35k. Go figure.

The investment in education, R & D is in the right direction. What's lacking is not R & D, but an economic policy that encourages free enterprise and innovation, expanding the middle class, and more social support for the bottom class.

 

[superpower]

it’s mainly the west that made america great today. 169 years of grit and character building.

America's greatness was undisputable up to the 70s where there was a huge middle class, great innovation, very little poverty, very little unemployment and decent social safety nets. There was the American dream, and it was for real.

Today's America is living on past glories: the highest income gap in the developed world, decaying infrastructure, falling literacy and numeracy, no universal healh care, declining life expectancy, record levels of fiscal and national debt... and now tariffs threatening to kill world trade. On many levels, America looks more like an emerging economy than a developed one. Just compare any of their cities with China's Tier 2 and 3 (even Tier 4) cities and you see the vast difference. Most Americans today accept that they no longer can have a better life than their parents, probably a lot worse.

This is not the model China should be aiming for.

 

[eatshitndie]

America's greatness was undisputable up to the 70s where there was a huge middle class, great innovation, very little poverty, very little unemployment and decent social safety nets. There was the American dream, and it was for real.

Today's America is living on past glories: the highest income gap in the developed world, decaying infrastructure, falling literacy and numeracy, no universal healh care, declining life expectancy, record levels of fiscal and national debt... and now tariffs threatening to kill world trade. On many levels, America looks more like an emerging economy than a developed one. Just compare any of their cities with China's Tier 2 and 3 (even Tier 4) cities and you see the vast difference. Most Americans today accept that they no longer can have a better life than their parents, probably a lot worse.

This is not the model China should be aiming for.

too many losers from 3rd world and too many niggers graduated from unis with phd’s in african studies degrees in after the vietnam and carter fiascos from 75 to 80. reagan regained some american greatness in the 80s but the real decline happened from the clinton era onwards. bushes were disappointments and obama sealed the deal of despair. but there’s always somewhere in america especially out west the appearance and rise of great talent. it’s like these geniuses and past prodigies are given a choice to be reborn in america, and they unanimously pick the sunny valley 69 miles south of napa, not sf. and most are white, in fact vast majority are either jewish or white. may be a few chinks and cecas. if any heavenly prodigy is asked to be reborn in a choice location in earth today, he or she will not choose tiongcock. he or she will pick sillycon valley. the amount and depth of talent in gifted programs and special pre-school is amazing. the good mix of jew, white, chink, ceca talent contribute to a more diverse yet deeper pool of prodigies. it will easily crush the prodigy pool in tiongcock. in fact, some of the top tiong engineers are already here in sillycon valley. if they don’t make it to the valley they are considered 2nd rate, much like iit graduates from cecaland.

 

[congo9]

But with Poverty stricken population they cannot do anything much.

 

[ftan42]

US trying to contain but too bad if it is in the '90 or '00, US may has a chance but not now, Cina has break in the semiconductor and all leading in the EV, solar panel to name some for the commercial industries. For the military, thinks they are smelling behind the smoke. This can tell from their recent conflict with the Houthis in Yemen until has to sign ceasefire with the Houthis, when did US has did such a thing in the past, yes, when two side face prolong engagement with no winner, eg Vietnam and Korea war. Another eg Nato 30+ countries + 1 cannot let Russia submit now, run first

 

[syed putra]

Actually China is the world's largest market for many consumer goods: cars, cellphones, luxury items, renewable energy. Its auto market is the size of the US and Europe combined.

All this is not reflected in trade figures (which show huge surpluses), because what China needs and buys, China makes! Having a huge domestic market allows them economies of scale in manufacturing which makes their products competitive when they export to other countries.

Per capita basis, Americans are still the top consumers because every household spends on debt. Total US household debt is $18 trillion (China only $11 trillion, up 100% because of property bubble), #1 in the world. Is an economy based on massive household debt spending a 'strong' economy? I don't think so. They can do it because USD is reserve currency, that's all. Any other country going that route will be bankrupted.

US create huge debt, which create consumer to buy mostly imports and paid in usd, which eventually end up in US bonds and nyse.
But Trump has broken that cycle.

 

[syed putra]

US trying to contain but too bad if it is in the '90 or '00, US may has a chance but not now, Cina has break in the semiconductor and all leading in the EV, solar panel to name some for the commercial industries. For the military, thinks they are smelling behind the smoke. This can tell from their recent conflict with the Houthis in Yemen until has to sign ceasefire with the Houthis, when did US has did such a thing in the past, yes, when two side face prolong engagement with no winner, eg Vietnam and Korea war. Another eg Nato 30+ countries + 1 cannot let Russia submit now, run first

Japan has joined UK and Italy to develop 6 th gen fighter.

 

[ftan42]

Japan has joined UK and Italy to develop 6 th gen fighter.

Tiong had tested flight two types of 6th Gen jets end Dec last year and early this year, they were the J-36 and J-50. The rests are still either on the drawing board or on announcement of their design and still a long realising its goal