Posted on Jul 18, 2018
The three ways China will respond to America’s next tariffs
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China
International Trade
Geopolitics / International Relations
Posted >1 y ago
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China is in trouble, they are in heavy debt and maybe even worse that we are (but the Bank of China is state owned- so you can't trust their numbers). They just hide their losses.
More than half of their firms are state owned. And most of these are losing money. They are lying when they say they're growing at 7% GDP each year. There's no way they've escaped recession for over 15 years. There's "Lies, Dammed lies, and then there is statistics". See below:
https://www.forbes.com/sites/gordonchang/2013/07/14/biggest-fib-of-the-year-china-gdp-grows-7-5-in-q2/#2c1024b86e85
More than half of their firms are state owned. And most of these are losing money. They are lying when they say they're growing at 7% GDP each year. There's no way they've escaped recession for over 15 years. There's "Lies, Dammed lies, and then there is statistics". See below:
https://www.forbes.com/sites/gordonchang/2013/07/14/biggest-fib-of-the-year-china-gdp-grows-7-5-in-q2/#2c1024b86e85
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Sgt Wayne Wood
Preachin’ to the choir LTC (Join to see) ... i’ve been pointng out Chinas phoney economic reports, propped up SOEs, ang government recommended ‘loans’ and ‘debt forgiveness’ between the two for a while now.
I had hoped WTO membership would force China to conform to world standards... they just got more labyrinthine in their accounting shell game.
I had hoped WTO membership would force China to conform to world standards... they just got more labyrinthine in their accounting shell game.
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1stSgt Nelson Kerr
Sgt Wayne Wood - Not really, the marketplace is everyplace on the planet that a containers ship container can reach.
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1stSgt Nelson Kerr
We trade with China so why should Japan refrain? In the Economic wars that bare starting to boil up The US the US is attacking it's allies . Diplomatically we are allies but Trump pissued all over and chance for an ecconic alliance agaist China when he killed TPP which was designed to help in the Eeconomic fight against China.
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