@earl-of-trumps saidDidn't Clueless Joe claim in the last debate that no one was tougher on China than him?
Biden: "It is in our self interest that China continues to prosper"
No, Beijing Joe, it is in *your* self interest that China prospers of our backs. ka-CHING!
@Dood111 China's population is huge. The idea is that as their middle class grows, there is the potential for us to sell them products manufactured in the U.S. This is why the dwindling middle class in the U.S. is a real problem for our economy. Giving rich people a tax break is stupid. They do not spend the money. They save the money which does not help the economy grow. Economies grow when there are people with money to spend on goods.
@phranny saidChina has always been extremely resistant to importing anything. That's why the Brits got them hooked on Opium - China refused to buy anything from anybody.
@Dood111 China's population is huge. The idea is that as their middle class grows, there is the potential for us to sell them products manufactured in the U.S. This is why the dwindling middle class in the U.S. is a real problem for our economy. Giving rich people a tax break is stupid. They do not spend the money. They save the money which does not help the economy grow. Economies grow when there are people with money to spend on goods.
@Duchess64
So no Chinese purchase of boomerangs or didgeridoo's or kangaroo's.
The Chinese just didn't know what they were missing, eh🙂
3 edits
The post that was quoted here has been removedThe USA is technologically more advanced than other civilizations but we import things because that's how the economy works - it's not efficient to make everything. But China has the arrogance you display - "we need NOTHING we have EVERYTHING" which eventually leads to worldwide economic disaster once foreign countries get tired of endlessly sending their money to China and never seeing it again. This phenomenon led to the Opium Wars and China's century of humiliation because foreign nations got tired of China's arrogance and greed.
https://upload.wikimedia.org/wikipedia/commons/3/32/China_imperialism_cartoon.jpg
(Images represent Chinese government in the long fingernailed Mandarin at the top, and then the foreigners dividing up China from left to right - UK, Germany, Russia, France, Japan)
China's habit of stealing technology and then doing the manufacturing of the items in China instead of paying for imports exacerbates the problem.
2 edits
@sonhouse saidIf they wanted those things they'd make them themselves because China does not buy manufactured goods from foreigners except in small amounts to reverse engineer.
@Duchess64
So no Chinese purchase of boomerangs or didgeridoo's or kangaroo's.
The Chinese just didn't know what they were missing, eh🙂
https://www.sbs.com.au/nitv/article/2016/08/22/calls-crackdown-knockoff-aboriginal-souvenirs-made-china-and-bali
‘Aboriginal-style’ craft goods produced in countries like China and Indonesia are ubiquitous in Australia’s souvenir shops. Indigenous artists have complained that these knockoffs damage their livelihoods, and demonstrate a lack of respect for the cultural traditions that inspire them.
“If it’s made in China, I’m not interested,” Dale Tilbrook tells NITV News.
Ms Tilbrook, a Wardandi woman who has run her gallery in Swan River, WA for 17 years, refuses to stock Aboriginal-style goods made overseas.
“It really just pains me to see a boomerang or a didgeridoo . . .
https://asia.nikkei.com/Politics/International-relations/Russia-up-in-arms-over-Chinese-theft-of-military-technology
Russia adopted several measures to stop the practice. For example, it insisted that China purchase arms in bulk instead of buying just a few samples -- a sign that the arms were likely to be reverse engineered. Russia also pressed for assurances against theft in its contracts, and even tried to obtain royalties from Chinese copies of Russian arms.
But Kozyulin admitted that the measures were far from effective. "We tried combating this problem in a variety of ways, but without much success," he said.