far from China’s mind in its trade dispute with America. A few months ago, when negotiations looked on track, staunch nationalists warned of echoes with the “unequal treaties” that foreign powers had forced upon China in the 19th century. In recent weeks the breakdown in talks has led state propagandists to draw comparisons with the Korean war of the 1950s, a bloody struggle between China and America. But the analogy that haunts Chinese economists does not involve China itself.
The case against the Plaza accord is that it set Japan on a path to doom. To counter the effect of a strong yen, an obvious drag on exports, Japan slashed interest rates and unleashed fiscal stimulus. These moves brought about an economic rebound. But they also generated asset bubbles: stock and land prices tripled within five years. In 1990 these bubbles burst and the economy slumped, never to recover its former mojo.
As the International Monetary Fund has argued, there were at least two other factors that could have led to a different outcome. Excessive stimulus, by itself, did not guarantee that Japan would suffer an asset bubble. It was that much more dangerous when combined with financial deregulation, which led banks to lend more to property developers and homebuyers. And the bursting of the bubble did not guarantee that Japan would suffer a lost decade, let alone three.
Its catastrophic for respective consumers. It a blessing for us, developing countries if we seize the moment... Soya beans alone are in Billion USD export to China.
Trump's trying to stop the China's raising, however even if not only Trump but also Franklin and Jefferson try to stop China it is not gonna happen. Never ever it will happen. USA must sign a good deal with China If it wanna keep stay strong in the long term. TradeWar
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Perspectives: The US-China trade war hurts American familiesTrump promised that 'trade wars are good and easy to win' and that China, not the United States, would bear the tariff burden. But these tariffs burden American households and producers and offer no relief from the problems they were supposed to solve, writes Mary E. Lovely, a professor of economics at Syracuse University. Business Yes, I've seen it coming Business The failed trade agreements our politicians used to line their pockets have almost destroyed our economy. Thank god firvtrump. Business America created this problem by catering to China for so long. Question is why America can’t make all these products .. America can’t make a sneaker ? America can’t make a tv,computer Could it be because we rather watch idol,or Kardashians,or FB
Source: CNN - 🏆 4. / 95 Read more »
Tensions with China help U.S. see importance of North American trade: Mexican officialTense U.S.-China relations are helping the United States understand the importan... Gang sign or fun with PhotoShop ? Trumps playing a short game while China is playing the long game. Trump is caving and US farmers are screwed for the next generation...they must suffer their vote Someone should 'shop a massive doobie in this guys hands.
Source: Reuters - 🏆 2. / 97 Read more »
US-China trade war could hit American pet owners in the walletU.S. pet owners could soon feel the impact of America's intensifying trade war with China deep down in their pockets. We will survive, for sure. I have a herd of dust bunnies under my bed. Yes, my cat food says: made in USA, with imported ingredients. So there it is.
Source: ABC - 🏆 471. / 51 Read more »
American businesses in China: Tariffs are hurting usU.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by AmCham Shanghai and AmCham China in Beijing. This is strictly business Awwwww.
Source: CNBC - 🏆 12. / 72 Read more »
Peru's Vizcarra says China might partner on mega South American railway projectPeruvian President Martin Vizcarra told Reuters on Friday that China could partn... In 2030: Hello Kuala Lumpur. This is Peru. How do we get out of this debt ? 'China first proposed a railway to link Brazil’s Atlantic coast with Peru’s Pacific coast several years ago to help it reduce costs of importing commodities from resource-rich South America.'if...would destroy the amazonian ecosystem.
Source: Reuters - 🏆 2. / 97 Read more »
Cramer: Trump no longer cares if his China policies hurt American businessesThe executive action against Chinese telecommunications giant Huawei 'was a major escalation from the White House,' Jim Cramer says. Has he ever cared? wake up Cramer! he never has and never will, dictators don't care about anything but themselves. Cramer's comments appear influenced by some Chinese incentive to speak against US interest.
Source: CNBC - 🏆 12. / 72 Read more »
China cancels U.S. pork import order as U.S.-China trade war drags onThe same week U.S. President Donald Trump announced sweeping increases on tariff... I wonder if any Trump supporters are hog farmers? Whoo Hoo....MORE BACON FOR US!! I’ll buy some. ✔️. Bacon for all
Source: Reuters - 🏆 2. / 97 Read more »
Senate considering South China Sea sanctions on China as massive trade war rattles relationsThe legislation would force the government to seize financial assets and revoke or deny visas of individuals involved in expansionary Chinese policy. never mind.just go to ww3.take enough Corpse bag before American come to China.
Source: Newsweek - 🏆 468. / 52 Read more »
As the trade war heats up, China looks to Japan’s past for lessonsJapan feared that the deal with America would cause its growth to suffer; China fears the same about the absence of a deal They should stop acting like we have a functioning head of state. The USA is a client state of Russia.
Source: TheEconomist - 🏆 6. / 92 Read more »
China evokes patriotism, past wars as trade conflict with U.S. heats upThe trade war with the United States will only make China stronger and will neve... Tea party anyone? Old dog cannot learn new trick. The Chinese people want freedom, not trade deals
Source: Reuters - 🏆 2. / 97 Read more »