Trade War with China

Tam said:

I won't blanket the "white people" like that. After all, Russians and other Europeans are white people and they are not taking a collective stance against China either. This is becoming more like the Angloworld (minus Ireland, a European state that acts more like a Third World emerging state) versus everyone else, particularly against what is increasing a Franco-German alliance heading up the EU, and becoming more center with China and Russia. And there are even cracks within this Angloworld (Australia-New Zealand-UK-Canada needs China trade).

I predict that once China proved to be a hard wall for Trump, Trump will look for new targets next --- likely the auto industries of South Korea, Japan, and Germany. And this can happen soon enough. This China issue only delayed Trump's actions against these countries, and all three of them knows it.

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Hendrik_2000 said:

The German never afraid of China They don't threw fit and hisses accusing other country of IP theft or cheating. Because they invest on their technology and R&D. They take care of their employee and don't fire their employee at the first sign of trouble They value and invest in their employee. they don't take short cut . They share the value of hard work , dedication and attention of detail
Volkswagen was the first to invest large scale in china back in 70's
No wonder their product are top notch and find favor in China via Broadsword

This is vindication

German firms find US less reliable than China as trading partner after getting caught between Trump and a hard place to do business

China ranked higher than US and Britain as trading partners in a survey of 2,000 German companies by Commerzbank
Washington’s protectionist stance and the UK’s Brexit plans were major factors in the choices of respondents
Xie Yu
Updated: 10:23pm, 29 May, 2019

German companies think China is a far more reliable trading partner than the US or Great Britain, according to a survey by Commerzbank.

China was ranked third in an assessment based on political and economic conditions affecting trade, with a score of 30, led by Germany itself way out ahead on 65, and France on 39. The US, in fourth place, was a long way behind on 17 points, followed by Italy (11), Russia (10), Great Britain (8), Brazil (5) and Turkey (3), according to the results of the survey issued on Wednesday.

The US’ protectionist stance under President Trump counted against it with respondents. More than two thirds (68 per cent) of companies with a physical presence in the US, and 64 per cent of exporters to the US, feared the country’s foreign and trade policies would have a negative impact on business.

The UK’s imminent departure from the European Union was even more off-putting for trade partners, the survey found. As many as 82 per cent of firms with a branch or office location in Great Britain, and 60 per cent of exporters to the country, worried that Brexit would have a negative impact.
China or the US? Europe’s ‘impossible choice’ in the trade war

Of 115 companies considering transferring their production facilities overseas, 31 per cent said they were eyeing China, compared to 11 per cent looking at southeast Asian countries, and 9 per cent mulling a move to the US.

Commerzbank interviewed first-level managers at 2,000 German companies with an annual turnover of at least €2 million. Just over half (52 per cent) of the respondents were exporters, with most of these (77 per cent) being manufacturers.


“German companies have a bigger exposure to the Chinese market than others, given China is the biggest trading partner of Germany,” said Aidan Yao, senior emerging Asia economist at AXA Investment Managers.

“It is understandable that people feel China is more reliable, because the policies of China nowadays are more predictable than those of the US. As the trade war prolongs, more people feel China is playing a defensive role while the Trump administration seems to be the origin of trade confrontations.”

China was the biggest importer of German goods last year, worth €106.2 billion, followed by the Netherlands with €98.2 billion and France with €65.2 billion, according to Xinhua, the Chinese state news agency.

The firms surveyed said they believe German-made products are competitive and enjoy high demand overseas. They will therefore continue to pursue internationalisation plans despite rising uncertainties including the US-China trade war and the potential impact of climate change.

Still, 64 per cent of them said they feared geopolitical uncertainties may affect their overseas expansion plans. Only 20 per cent foresee German companies benefiting from trade conflicts between other countries, like the US and China, although the proportion was higher among companies which production capacity in China (29 per cent).

Half of the respondents in the survey trade directly abroad, a third trade through intermediaries. Most of them said the significance of long-term cooperation is increasing.

The respondents dismissed some challenges as not being factors in their overseas trade. They said factors like bureaucracy and higher default risks on the part of clients were controllable through support from banks and chambers of commerce.

As for problems like political uncertainties, and lack of protection for intellectual property, respondents tended to agree they could be offset by learning from successful exporters.

“Alarmism or battening down the hatches is the wrong approach. We are supporting politicians to advocate a multilateral and rules-based global trading system so that cost-effective and sustainable trading is possible at fair conditions,” said Dr Holger Bingmann, president of the Federation of German Wholesale, Foreign Trade and Services (BGA), and patron of the Commerzbank study.
This article appeared in the South China Morning Post print edition as: China seen as more reliable than the U.S.

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Brumby said:

When you place road blocks ahead it has the effect of derailing the journey. When China don't want you to operate in a country there are many mechanisms beside an out right ban e.g. administrative procedures. One of the underlying pillar of the US complain in the trade war is pertaining to how China uses a series of tool to promote unfair trade.

The trade war that we see today has long been in the works because of China's unfair trade practices. Below is a statement delivered to the WTO in May 2018 covering the major 4 areas where China is conducting unfair trade practices. For those who are in denial about examples of forced technology transfer, the statement mentions about it towards the beginning. It is 215 pages with a thousand footnotes of examples. A link is provided if you wish to read the entire 215 pages.
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Statement as delivered by Ambassador Dennis Shea
Deputy U.S. Trade Representative and U.S. Permanent Representative to the WTO
WTO General Council
Geneva, May 8, 2018

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Brumby said:

China’s navy is being forced to rethink its spending plans as cost of trade war rises

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Tam said:

I won't blanket the "white people" like that. After all, Russians and other Europeans are white people and they are not taking a collective stance against China either. This is becoming more like the Angloworld (minus Ireland, a European state that acts more like a Third World emerging state) versus everyone else, particularly against what is increasing a Franco-German alliance heading up the EU, and becoming more center with China and Russia. And there are even cracks within this Angloworld (Australia-New Zealand-UK-Canada needs China trade).

I predict that once China proved to be a hard wall for Trump, Trump will look for new targets next --- likely the auto industries of South Korea, Japan, and Germany. And this can happen soon enough. This China issue only delayed Trump's actions against these countries, and all three of them knows it.

Click to expand...