ฝัง
- เผยแพร่เมื่อ 17 เม.ย. 2024
- U.S. officials, from the president to the Treasury secretary, are accusing China of pushing cheap goods. Mark Wu, professor of law at Harvard University, joins CBS News to examine how low-priced Chinese products could impact American businesses, workers and the global economy.
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Americans have every right to buy lousy yet expensive products made by their union workers.
Chinese products are worse!
Only 11% of all American workers are unionized.
When American manufacturering was at it speak it was like 40%
You destroyed the Unions and then shipped their jobs overseas.
If the US actually protected its unions what happened to US manufacturering wouldn't have happened.
@@danwelterweight4137 The moment the corps has the ability to move their production plants out of the country, is the moment the government lost their ability to protect the union. mobility is an advantage only the rich enjoys, and it is a powerful one.
Based on US and Yellen logic, China should also tell US to tell Apple to produce fewer iPhone and Microsoft to reduce number of Windows licenses. Shocking that US can say such a thing. Does US and Yellen understand how business work?
Chinese people so not used Microsoft licensing. 1 window license for every 200k laptop. All pirated
Based on your statement, you don't know what logic is.
Ban Apple asap
@@Tdzzz450 need to ban your hair cut
@@LanNguyen-vd4zt thanks for the advice vietcongbot
There are no cheap Chinese imports. Only imports what Americans can afford.
China did not produce cars a decade ago. BAck then, China could not compete against the US and EU. We would sell our cars at exorbitant prices, because we could not scale, and our labor and manufacturing was too expensive. So we went to china to exploit the huge Chinese market, lowering our prices by improving the scalability and cutting costs of production in labor supply chain as well as logistics. We made insane profits selling to China, who bought our cars for years without complaining, without jacking up tariffs... MOf course all we only allowed them to export cheap low quality stuffs.However the trade balance was still in their favor, because they produce in mass for Americans who loves cheap stuffs even if complaining about China's low quality. Now China caught up and make their own EV cars. They're super competitive, offering a range of prices and qualities that could easily allow us to start replacing our ICE cars and go green. But do we care about our citizens needs? Do do we even care about clean energy? US will never be able to produce our own EV cars - economically - Our labor is too high and our supply chain inexistant. So we just want to knee cap China, play nasty... even if it means shooting ourselves on the foot. Go figure America these days..? personally I can't !
Among China's car production, only 15% are exported. As for German cars, 75% are sold to foreign countries. Why the US never call German car production overcapacity??
because Germany respects WTO rulings
@@bullpup1337 😒 for sure the west respects a lot of things, we know that...
@@bullpup1337 Which ruling specifically?
@@bullpup1337does US respect WTO rule?
@@bullpup1337like ?
Cheap Chinese goods are all Americans can afford or otherwise your Walmart wouldn’t place orders to have them made for you. Who are the sellers? Chinese or Americans? Use your head.
Sam Walton started with a buy American ideal. Sadly, American producers couldn't or wouldn't compete with imports.
Don't worry, American company will sell you a lot of over price 'made in USA' product and they will made a huge profit from that, who care the people are suffering.
Ban, threats and sanction that all the West can do... Why not trying to do better? Why not invest in education to have more ingineers?
Invested money in Ukraine and Israel
How much money does China have to print to subsidise all the products which the US accuses China have subsidised? China cannot print money as the US does.
50 cent for your comment
@@LanNguyen-vd4zt stop barking in every comment.
@@hasanpasha01 who you ? Then let meet up in person, if you prefer that way
I need an inexpensive car, I don’t want an overpriced UAW clunker. You know cars that the middle class can’t afford.
Plenty of cars here to choose from. What are you whining about? 😮
@@mariajones8304 You high buddy?
@@mariajones8304like which for example? The Detroit big 3 or the Korean junks?
Those rich politicians clearly don’t under how average Americans live their lives, we all need affordable and good quality products!
So, is capitalism bad now? Or is cheap stuff good when it's only made in the U.S.? Will the U.S. stop giving taxpayer-funded subsidies to its own private businesses that make inferior products?
China gives subsidize to Chinese companies. Even the ones who peddle fentanyl to the USA.
Thank you Chairman Xi.
No thanks to Chinese vehicles.
@@jeffrhorer1811Buick, Volvo, and probably 60% of the parts in all cars are made in China. US mostly just assembled cars. Even Tesla uses a lot if Chinese parts. They even use BYD batteries in many of their cars.
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 mostly trade with their Belt and Road country partners these days
These US multinationals are the ones sending you that junk
These US multinationals are still using the same highly polluting labour intensive factories formula.
As they were using more and more illegal labour smuggled in from South East Asia.
Or more and more automation in their wholly owned factories in China these days
These are the same companies who got those trump Corporate tax cuts you for sure cheered about
Same companies based in China who derived 392 billion in sales into the Chinese domestic markets in 2018 when trump started his trade war
Same companies averaging 20 to 40% of their earnings from China whose high flying stocks are in your 401k/Pensions
Same companies who the American farmer and consumer were sacrificed. So the USA could try and get “more” or “better” access for the US multinationals, into those Chinese Domestic markets during the trade war
Same companies whose HQ is in a North American city you can easily go stand outside and protest at….
Why didn’t China pull the nuclear trade option and boot these US companies you might ask?
They don’t believe in a zero sum game type of thinking
As I can show you during the trade war.
China didn’t pull out their big trade weapons, in fact they were lowering tariffs to most countries not raising them
👇
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
I own an ice company. Clearly small money not a government worry. But I can buy a brand new and great quality ice freezer and pay to ship all the way to California for $1840 American. Same product here $3450
Going to have to support local businesses now. Better for you and USA.
Every country out there should also support their own local companies instead of importing from USA, right ?
@@mariajones8304 better said and done when it is not your money.
@@mariajones8304are you willing to buy ice from him for 2times more?😂😂😂😂
@@soonpohtay4794yes if it means people can breathe clean blue sky air and have green plants around.
Cheap products means good news for all of us consumers in US. We should all thank China to make this possible instead. Don’t let the 1% makes you think otherwise!
Ha ha he was stumped for a minute on How To answer that The west Is equally complicit on subsidizing its Key industries 😂😂
I thought it was National Security ... have we changed the narrative?
Professor of Law talks on technology issues?
China should work to counter expensive US exports
Cheap Chinese products? You should add cheap n excellent products.
Cheaper products will allow people sufficient money left to pay rents. Otherwise more homeless on the streets
What if American consumers *like* cheap Chinese goods? Limiting them would put Amazon out of business.
US can continue to banned Chinese products, but people like us in Asia don't want to ban because it keeps our inflation low! US is exporting their inflation to the world while China is helping us to keep cost low!
US getting desperate 🙄
This anchor is very ignorant about China
Let it go,. America. Nobody makes anything cheaper &. better than China, least of all, America.
Hey US, keep up or get out of the way!
Overcapacity = Overprinting of toilet papers.😂😅🤣😂🤣😅
And the general public will be the ones paying the difference. 🎉
What will amazon sell?
China should investigate American’s cheap agriculture products
If China can ship a product that's higher quality and cost less. I'm all for it. I'm tired of politicians and Washington in general, trying to keep prices high to benefit US corporations.
Seems like China is subsidizing their economy rather than costly foreign wars. Good use of taxes.
They don't subsidize. China and USA have different approaches on business. China like most east Asian countries want to sell their goods cheaper to get million customers while the USA concerns about large net profit with expensive goods. For people in the world, money spend is better less so they can put that money for investment. That's why the world loves China products. China helps people for saving.
There is nothing wrong with investing! And successful investments benefit everyone as a whole! Notice how the US are NOT accusing China of "dumping" which is selling at below cost because they are not. From a economic and logic stand point China as a whole has to be making money at what they are selling if not where are they getting the money to keep funding new money losing projects like their 5G, Solar Panels, batteries, and now EV's. I understand they may be subsidizing the development of new projects with profits from their profitable mature products but that is just investing. In short I don't think the BYD or the solar panel you are buying off-the-shelf today are being sold to you at at lost, its R&D was subsidized during its development from profits from their previous projects but that is just INVESTING!
It's infuriating to think about the colossal sums of money the U.S. government has squandered on wars and foreign aid, especially when considering the dire needs right here at home. If only they had prioritized subsidizing U.S. manufacturing companies and businesses, like China does, we could have tackled inflation head-on and reduced our reliance on foreign sources for essential goods and technologies. Instead, our tax dollars have been funneled into overseas conflicts and questionable international ventures, while American workers and industries struggle to compete in an increasingly challenging global economy. It's a shameful betrayal of the American people and a damning indictment of our government's misplaced priorities.
We all need to complain about the over supply of US weapons and dollars.
OH BY PRINTING MORE GREENBUCKS...😝😝🤪😜
Excellent news segment! I enjoy hearing about how foreign policies are impacting Americans
So we are finally noticing the problem thirty years too late. 😂
Wow after thirty years of enjoying cheap goods and better standards of living, US finally decided to embrace inflation. We have the king of logical reasoning here.
doubtful that US actually is countering anything
Yellen's brain is over capacity already
I only buy Chinese products from amazon racist companies in us and loss prevention at stores ran me off
Just spitballing here....
Decoupling or de-risking is often floating in the news these days
What is going on here and why?
Does a managed economy have a structural competitive advantage?
"Tendency for profits will be to fall towards zero"
Is that what we see at play on the global market?
Supply networks built by globalization undergo seismic disruption/reformation
Geopolitical competition between market capitalism vs state subsidized
Will capitalists deindustrialize their own countries if it means profit?
It's not until those affected by De-Industrialization (De-I) mobilize politically
Erect tariffs/trade barriers and make a strategic defense point against De-I
That this conversation topic is even considered
Conversely, subsidy yields high employment, industrialization, affordability
Standards of living rising for the vast majority of the population
But also overproduction and a dependency on foreign trade, precisely:
Market capitalists profiting from globalization
While looking the other way on De-I
Is it ironic?
Perhaps localized De-I caused by globalization is just a short time period
A blip in digital transformation of the global economy at large.
AI could usher in changes only dreamt upon in science-fiction
We build an ever more robotic-automated industrialized
Artificially-intelligent means of production, to serve us
But may end up serving it.
Fascinating theories underlying the interplay of economics and geopolitics
Green Tech, Chips, E Cars, Steel, the list goes on
"Does a managed economy have a structural competitive advantage?"
Yes. That's why China has been thriving, and that's why... the US has been thriving. Stop believing the neoliberal propaganda in the media, the US doesn't do less protectionism or give less subsidies to its home companies than China does.
What is the CHIPS and Science Act $280 BILLIONS subsidies, if not a managed protectionnist economy ? This is an obvious violation of WTO rules, but who cares ?
They're countering all the exports and China has some high quality stuff.
The US should get rid of unions so they can build stuff at a lower price
Companies will still have to pay a wage that will supported workers living no way in hell.They're going to sit in those factories everyday for $11.An hour of building microchips no more slavery especially into days economy
how?
Instant landfill stuffing.
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 mostly trade with their Belt and Road country partners these days
These US multinationals are the ones sending you that junk
These US multinationals are still using the same highly polluting labour intensive factories formula.
As they were using more and more illegal labour smuggled in from South East Asia.
Or more and more automation in their wholly owned factories in China these days
These are the same companies who got those trump Corporate tax cuts you for sure cheered about
Same companies based in China who derived 392 billion in sales into the Chinese domestic markets in 2018 when trump started his trade war
Same companies averaging 20 to 40% of their earnings from China whose high flying stocks are in your 401k/Pensions
Same companies who the American farmer and consumer were sacrificed. So the USA could try and get “more” or “better” access for the US multinationals, into those Chinese Domestic markets during the trade war
Same companies whose HQ is in a North American city you can easily go stand outside and protest at….
Why didn’t China pull the nuclear trade option and boot these US companies you might ask?
They don’t believe in a zero sum game type of thinking
As I can show you during the trade war.
China didn’t pull out their big trade weapons, in fact they were lowering tariffs to most countries not raising them
👇
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
Cheap products reduce prices for everyone!
Except China mass produces cheap products that are also low quality. The lifetime of made in china products is very low, and is intentionally done to get repeat buyers who are drawn to the low cost but fail to realize they’ll be a loop of continuously buying the same thing, which is what China wants to boost their revenue
idk about you but all the cheap crap from china is garbage and break easily. I would be ok if we stopped buying from them at all.
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 mostly trade with their Belt and Road country partners these days
These US multinationals are the ones sending you that junk
These US multinationals are still using the same highly polluting labour intensive factories formula.
As they were using more and more illegal labour smuggled in from South East Asia.
Or more and more automation in their wholly owned factories in China these days
These are the same companies who got those trump Corporate tax cuts you for sure cheered about
Same companies based in China who derived 392 billion in sales into the Chinese domestic markets in 2018 when trump started his trade war
Same companies averaging 20 to 40% of their earnings from China whose high flying stocks are in your 401k/Pensions
Same companies who the American farmer and consumer were sacrificed. So the USA could try and get “more” or “better” access for the US multinationals, into those Chinese Domestic markets during the trade war
Same companies whose HQ is in a North American city you can easily go stand outside and protest at….
Why didn’t China pull the nuclear trade option and boot these US companies you might ask?
They don’t believe in a zero sum game type of thinking
As I can show you during the trade war.
China didn’t pull out their big trade weapons, in fact they were lowering tariffs to most countries not raising them
👇
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
And puts people in unemployment!
@@Dave05J Protectionism is a form of social welfare where the consumer pays a tax in the form of higher prices to support the lifestyle of a domestic worker.
Lol it's now a problem while this was promoted for decades
I'm sorry, but United States. Citizens are dealing with a highly inflationary environment and if China has some cheap products that we can use daily, we need access to them. I'm tired of this b******* from my government.
Not only cheap it’s toxic junk
Stop bringing those and put aranceles
Alot of words & propaganda just to admit that America CANT compete. Sad
HOW TO COUNTER ??????????
10% for the big guy.
Why does she sound like Elmer Pud😂😂😂
Nobody forced you to buy high quality products with low Price tag from China or you have the freedom to choose and to buy low price,low quality things from India.
the place i work gets it's 2 inch lug screws from taiwan.... SMH 🤯 ....we use like 15,000 in 24 hours.!!!!
Don't worry, In USA government mind, taiwan is not china.
You mean cheap knockoffs that will fail and injure you...
When you produce more than what’s needed you are unnecessarily worsening the climate issues.
توهم
Still can't believe Trump was the only guy to have the guts to impose tariffs...
American and European can not compete at all
Indonesia ask many times for investment for their battery industries but always being neglected. Batteries is about 30~40% of cost from any Renewable, be it EV, Solar, Wind... Now China has close the loop by dominating Indonesia baterry industry along with South Korean... I dont know a better word other than "stupid"
So where will the US buy products?
Hopefully from USA. But the government only seems to let us build high quality local stuff when we’re at war.
Using your contrived logic then Merica over produces wheat, corn and rice so people should stop buying Merican grains😊. Who thinks like this? A child
That's right. All American adult is so self-delusional to say that we ban all "cheap" Chinese hi tech product such as EV, computer, electronics, etc.
hahahahahah. Is it louzy quality or state-subsidies?????? IT IS CAPITALISM.
What happened to American competitive sprite 😢
Oh yeah I’d like the inflation to get higher please
Everyone would buy local produce if the price difference and wages weren’t wildly different. Non-profit, or greed induced wasteland?
Nonsense
Mr Wu. Aren’t you proud of China.
The West is against cheap Chinese goods in sectors higher up the value chain, not things that have historically been outsourced to China. The issue is also more about China offloading their overcapacity (which was done intentionally to prop up GDP) to foreign markets because domestic demand is so low. It’s a strategy fundamentally designed to devalue. And yes, national security is also one of the driving factors. As are human rights, especially the use of Uyghur forced labor.
Everything China does these days has an insidious ulterior motive that seeks to undermine the West and its values.
And the west doesn't do insidious things to harm the rest of the world?? Only now two can play the game.
Now you see what the global south has been suffering in the hands of the USA
cant wait for them CHINESE EVS!
Lol gotcha.
Two tongues USA 🇺🇸 uk 🇬🇧 western 😂😂
5th grade knows
Just like with the cartels products, we’re willing buyers! Don’t hate the player, hate the game etc. if we would only not be addicted to bad drugs and cheap plastic chachkies, then all of our problems would be solved
this is a what pat Buchanan talked 1996 and no body listen.
Wow, how 🇺🇸survived during the cold war era without Cheap Chinese Goods. 🇨🇳, Stop posting spamming comments.
US should be the next India.
If only republicans understood money
Why are conservative states in such better financial standing then their liberal counterparts? Why are wealthy and working Americans fleeing liberal states in record setting numbers?
@@opinionated_take 9/10 of the biggest welfare states are red kiddo.
Republican Money? Texas has its own currency. It's called the WTI Petro Dollar, backed by Black Gold. All the Red States use our currency.
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 mostly trade with their Belt and Road country partners these days
These US multinationals are the ones sending you that junk
These US multinationals are still using the same highly polluting labour intensive factories formula.
As they were using more and more illegal labour smuggled in from South East Asia.
Or more and more automation in their wholly owned factories in China these days
These are the same companies who got those trump Corporate tax cuts you for sure cheered about
Same companies based in China who derived 392 billion in sales into the Chinese domestic markets in 2018 when trump started his trade war
Same companies averaging 20 to 40% of their earnings from China whose high flying stocks are in your 401k/Pensions
Same companies who the American farmer and consumer were sacrificed. So the USA could try and get “more” or “better” access for the US multinationals, into those Chinese Domestic markets during the trade war
Same companies whose HQ is in a North American city you can easily go stand outside and protest at….
Why didn’t China pull the nuclear trade option and boot these US companies you might ask?
They don’t believe in a zero sum game type of thinking
As I can show you during the trade war.
China didn’t pull out their big trade weapons, in fact they were lowering tariffs to most countries not raising them
👇
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
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 mostly trade with their Belt and Road country partners these days
These US multinationals are the ones sending you that junk
These US multinationals are still using the same highly polluting labour intensive factories formula.
As they were using more and more illegal labour smuggled in from South East Asia.
Or more and more automation in their wholly owned factories in China these days
These are the same companies who got those trump Corporate tax cuts you for sure cheered about
Same companies based in China who derived 392 billion in sales into the Chinese domestic markets in 2018 when trump started his trade war
Same companies averaging 20 to 40% of their earnings from China whose high flying stocks are in your 401k/Pensions
Same companies who the American farmer and consumer were sacrificed. So the USA could try and get “more” or “better” access for the US multinationals, into those Chinese Domestic markets during the trade war
Same companies whose HQ is in a North American city you can easily go stand outside and protest at….
Why didn’t China pull the nuclear trade option and boot these US companies you might ask?
They don’t believe in a zero sum game type of thinking
As I can show you during the trade war.
China didn’t pull out their big trade weapons, in fact they were lowering tariffs to most countries not raising them
👇
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
Rom 3:23
For all have sinned, and come short of the glory of God;
Rom 6:23
For the wages of sin is death;
Psalms 9:17
The wicked shall be turned into hell, and all the nations that forget God.
Acts 8:37
And Philip said, If thou believest with all thine heart, thou mayest. And he answered and said, I believe that Jesus Christ is the Son of God.
Rom 10:9
That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved.
Corinthians 15:3-4
For I delivered unto you first of all that which I also received, how that Christ died for our sins according to the scriptures; And that he was buried, and that he rose again the third day according to the scriptures:
Ephesians 2:8-9
For by grace are ye saved through faith; and that not of yourselves: it is the gift of God: Not of works, lest any man should boast.
.
.
.
''''😮
So, bringing back trump policies?
hahaha, chu sam vua muon an ngon lai vua muon ia thom nua ha DDD chu sam dang sang tao ra cong nghe sieu pham ha ta DDD
The lack of news about how china has concentration camps and is using the people in them as slaves is so disconcerting
based china, based german methods
🤣🤣. American propaganda
I would never buy a Chinese car or motorcycle/ scooter / electric bicycle.
People said the same about Japanese cars 40 years ago.
Don't worry, Chinese cars are for smart people 😅
And the world cares about what you like or not like.
your missing out then😂
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 mostly trade with their Belt and Road country partners these days
These US multinationals are the ones sending you that junk
These US multinationals are still using the same highly polluting labour intensive factories formula.
As they were using more and more illegal labour smuggled in from South East Asia.
Or more and more automation in their wholly owned factories in China these days
These are the same companies who got those trump Corporate tax cuts you for sure cheered about
Same companies based in China who derived 392 billion in sales into the Chinese domestic markets in 2018 when trump started his trade war
Same companies averaging 20 to 40% of their earnings from China whose high flying stocks are in your 401k/Pensions
Same companies who the American farmer and consumer were sacrificed. So the USA could try and get “more” or “better” access for the US multinationals, into those Chinese Domestic markets during the trade war
Same companies whose HQ is in a North American city you can easily go stand outside and protest at….
Why didn’t China pull the nuclear trade option and boot these US companies you might ask?
They don’t believe in a zero sum game type of thinking
As I can show you during the trade war.
China didn’t pull out their big trade weapons, in fact they were lowering tariffs to most countries not raising them
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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