Foreigner already can buy an apartment in China.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
Commerce minister Wang Wentao talking about trade and how China/US trade is far more fair than people in America is complaining about. (This is not necessarily my position, I'm just reporting what he said)
China is pretty much subsidizing production of consumer goods for the U.S. before Mango Mussolini started messing things up for the U.S. consumers. It is literally the only thing younger millennials and Gen Z could afford. Why do they even have to complain about…?
Has been for the last two decades… but current decision makers in DC are too prideful to acknowledge this, but deep down they know the truth.
manqiangrexue
Brigadier
The US literally has the most perfect, nearly insurmountably advantageous setup since WWII. The whole world including China was making goods and giving them to America in exchange for US free-printed money. Imagine living in a village where every other person works hard to produce everything and you can get it all free because all you do is write IOU's that everyone has accepted as currency... only your IOUs. Then imagine one of these producers using hard-earned IOU's to overtake what you could essentially freely take with your freely made IOU's, surpassing you in technology, development, everything... setting you in a panic. The panic is so deep that you have no idea what to do so you have devolved to attempting to rage-burn the entire system you made because your rival has somehow found a way to do better than you in a system you designed to benefit you. The frustration is so crippling that it blinds you to the fact that that system is your buttress, your armor, your weapon, your everything, but to your rival, it's nothing but a set of chains on him that he has grown used to. This is the US government right now; it has about as much sense and operating logic as a person trying to rip off his skin in agony as he runs around set on fire.
Have you considered a second career as a spoken word poet? Compared to the utter trash in mainstream and social media, you should have your own youtube channel or podcast.
manqiangrexue
Brigadier
FriedRiceNSpice
Major
Yet the golden age for the US middle class was the 1950's and 1960's. America was actually the world's largest manufacturer and exporter and lent out dollars for other countries to purchase American made goods. Back then, it was possible for an American middle class family to own a home and two cars and raise a family of four on a single income. Since then, US GDP has grown by several fold yet the standard of living for the middle class has only declined. Financialization of the economy has crippled the real economy and led to massive inequality of wealth. GDP is not everything, for it fails to paint a complete picture of a nation's economy. I hope the CPC will prioritize sustainable, healthy, productive, and equitable economic growth over the GDP growth rate.
What you see as a solution is what Trump and his people see as a problem. They know they are consuming affordable goods thanks to China but they see it as a problem because they no longer want America to be a consumer nation. They want to dial back the clock and go back to being a producer and creditor nation.