I admire Kallas’ confidence to call China’s economic policies cancer. Especially when the first thing that comes to any Estonians mind when they hear her name is tax increases.
Miscellaneous News
- Thread starter bd popeye
- Start date
“China Shock 1.0” not only led to losses of up to 2.5m jobs but was also marked by a rise in suicides, divorce and drug use in US towns that lost industries to the Chinese, according to the CER report.
That fraying of the US social fabric, it said, was “an eerie warning shot for Germany’s car and machine-building cities like Wolfsburg and Stuttgart”, a reference to the homes of Volkswagen and Mercedes-Benz, two brands emblematic of German engineering and design success.
“Germany remains hesitant, even as China has already eaten much of German industry’s lunch and is preparing to start on dinner,” said the CER.
That fraying of the US social fabric, it said, was “an eerie warning shot for Germany’s car and machine-building cities like Wolfsburg and Stuttgart”, a reference to the homes of Volkswagen and Mercedes-Benz, two brands emblematic of German engineering and design success.
“Germany remains hesitant, even as China has already eaten much of German industry’s lunch and is preparing to start on dinner,” said the CER.
If they have access to a "copy of the document" why they don't show the "copy of the document"
Westerners in general are obsessed with dignitas/honor/image/face. That's literally all they care about all the time since forever. In typical anglo double think fashion though they have to project this thing to China and pretend this is some oriental instinct for some reason.
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There was never a "China shock" most of the things China exported in 2000s was things that were already not make in the US. like toys, clothing and other consumer goods.
NAFTA was a bigger "shock" because that lead to jobs losses in the auto industry, steel and other heavy industries that was the backbone of US industrial jobs. The rise of the Asian semiconductor manufacturing giants like in TSMC in Taiwan province and Samsung in Korea lead to the demise of US semiconductor manufacturing industry, another "shock", but nothing to do with Mainland China.
The reality is that the US (GOP) aversion to domestic investment and the US obsession to maintain the dollar supremacy it was more responsible than any trade deal.
The issue with Germany is the energy costs are eating what little advantage the Germans have, nobody is going to buy German machine tools if they are too expensive. Banning "parts" from China is only going to increase manufacturing costs of making these high end goods. To survive Germany need to solve its energy crisis fast.