Lol where? Talking about short term memory when you can’t remember export data from China to the west a couple weeks ago.
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- Thread starter bd popeye
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Lol where? Talking about short term memory when you can’t remember export data from China to the west a couple weeks ago.
China is certainly exporting alot more. But making China export less was never the goal of the Trade war. The Trade war's original goal of forcefully opening China's market was successful.
Read your own words.
Tell me where the decoupling is. The West hasn’t stopped buying.
You need to have your brain checked. The sale of Tik Tok algorithm is banned. Trump lost the trade war and now the trade deficit with China is near record high. So humiliating lol.
Australia trade never stopped in the first place. Chinese exports to Australia was over 60 billion in 2020 and over 80 billion in 2022. China imports from Australia which consists mostly of iron ores has never stopped.
All this talk about Friendshoring, moving away from China, China+1 is what decoupling means these days. Ofcourse you could say West is failing to decouple. But they are certainly pursuing it.
China stopped importing many Aussy products like Wine, Fish, Meat and Australian Coal. Now they have started buying it all without getting any concession from that 14 point list that they provided to Australia. They have not gotten a single point from that list. Instead, Australia is buying nuke subs and openly talking about fighting China in a Taiwan war.
China lost against Australia and decided to simply give up.
That's it. China doesn't care about those small, unimportant, Mickey Mouse, types of sanctions.
It's like throwing fetters at them, only serving the purpose of making stupid Anglos feel good in a moment.
But when China gives its own set of sanctions, it won't be good, it won't be any games, TikTok, and whatnot.
It will be 500% per month hyperinflation and empty Walmarts in the Murica when the Taiwan war starts.
American social situation is around 1000 worse than the one in China, politically, economically, ideologically, racially, ethnically, etc...
China would survive that instant decoupling way easier, when the Taiwan war starts, and the US will collapse and disintegrate, not China.
China is the most united country in the history of the world, it can survive hardships and its citizens won't start killing each over the economy.
80% of the American economy (GDP) is consumption, services, or better said reselling Chinese-made goods in their Walmarts, and other stores.
China would survive that instant decoupling way easier, when the Taiwan war starts, and the US will collapse and disintegrate, not China.
China is the most united country in the history of the world, it can survive hardships and its citizens won't start killing each over the economy.
80% of the American economy (GDP) is consumption, services, or better said reselling Chinese-made goods in their Walmarts, and other stores.
No Trump’s goal was reducing the trade deficit. No he didn’t secede in opening China’s market for American businesses the numbers are obvious.
Or you could say their whole is pursuit is and will be a failure. That the west bending backwards and too weak to make the tough decisions.
As for the list
Australia is definitely fullfilling some of the items on the list.
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China has incrementally opened up its financial system way before the Trump trade war. Trade war did speed up the opening but the main reason why China has decided to open up financial system is due to the fact that it is confident that the Big 4 banks and top Brokerages can hold off the Western financial institutions. In addition, China needs the competition in order to instill reform and advance the financial sector to be competitive.
As for auto sectors, China has been thinking to allow foreign automakers to be fully owned for sometime. JV didn't create new national champion and instead JV has been keeping domestic state owned automakers from investing in R&D. That's why China decided it is better off for opening up the auto sector. China state owned automakers have been against such move but after private owned automakers outperform state owned companies there is no excuse to delay the ending of JV requirement.
The talks of opening up financial sector and auto sector have been on going for many years and way before Trump. Shanghai Free trade zone was setup in 2013 for a test so that China could have an idea how much to open up and what to open up. The trade War has speed thing up a bit but it actually is what China needs. Just look at the auto sector and how the rise of Chinese EV companies would transform the world and the sector. As for finance, Western financial institutions haven't made a dent yet.
Even now China has continued its incremental open up in financial sector and other areas. It does show that China is much more confident now after seeing Western competitors are way weaker than fear.
Whatever happened in HK or Covid is irrelevant, the West doesn't have a roadmap to achieve what they want and just throw every kitchen sinks to see if anything sticks. Today it is banning investment, tomorrow it is sanctioning Huawei, the day after restricting semiconductor exports. When all else failed, the West would just go back to the first step and re-sanction everything again and again.