China's economic problems

#2
#2
I see companies and investors really overreacting the last couple of years on the cheap Chinese goods (which have been worse than normal) but a lot of signs point to this as dumping and not a long-term price point. I think China has had some economic issues ongoing for several years.
 
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#6
#6
I find it pretty funny that "capitalism" is becoming a dirty word. Trump hasn't stated as much directly yet, so the MAGA crowd hasn't jumped on it fully.

but everything being parroted with tariffs, made in america, some sort of controlled/"balanced" economy, and or trade deficits, are all anti-capitalism.

we may be watching a paradigm shift amongst the Rs.
 
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#7
#7
OrangeTsar said:
Considering how much the CCP cost the entire planet with their irresponsible bioweapons research and lax safety protocols; I will not shed too many a tear for them
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I will say that some of the people that I have worked with from China are pretty honest and I would feel bad for them, but yeah I won't shed a tear for the nation itself.

I am not sure of the scale of the Economic Problems. Someone could also post a similar YouTube Video about the United States. I do think that the USA can whether the tariff fight better than China as long as we don't let the whiners get to us.
 
#8
#8
LouderVol said:
I find it pretty funny that "capitalism" is becoming a dirty word. Trump hasn't stated as much directly yet, so the MAGA crowd hasn't jumped on it fully.

but everything being parroted with tariffs, made in america, some sort of controlled/"balanced" economy, and or trade deficits, are all anti-capitalism.

we may be watching a paradigm shift amongst the Rs.
Click to expand...

I was in a conversation the other day were Trump supporters were calling W Bush the worse President for starting the Globalization stuff so you can see where that stands.

I will state that China doesn't play fair and kind of broke Capitalism. I also think China has ulterior motives similar to the USSR. We didn't open all this trade to the USSR back in the day, I am not sure why we gave an exception to China when they are basically just like the Soviet Union.
 
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#9
#9
OrangeTsar said:
Wonder if Wal Mart is regretting moving away from the „Made in the US“ goal that they once had.
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At first, I think they told China that China themselves would be responsible for paying the tariff costs. I don't know where this stands now.

Having said that, China is in big trouble economically. There were in trouble even before the tariffs.
 
#10
#10
LouderVol said:
I find it pretty funny that "capitalism" is becoming a dirty word. Trump hasn't stated as much directly yet, so the MAGA crowd hasn't jumped on it fully.

but everything being parroted with tariffs, made in america, some sort of controlled/"balanced" economy, and or trade deficits, are all anti-capitalism.

we may be watching a paradigm shift amongst the Rs.
Click to expand...

I think that you’re mixing up capitalism with corporatism. The globalists from both parties love the corporatism.

Even capitalist economies are going to be managed by governments. Tariffs are simply something in the tool box.
 
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#11
#11
norrislakevol said:
At first, I think they told China that China themselves would be responsible for paying the tariff costs. I don't know where this stands now.

Having said that, China is in big trouble economically. There were in trouble even before the tariffs.
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It won’t surprise me if they use their biological weaponry to cull their non productive old citizens.
 
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#12
#12
volbound1700 said:
I was in a conversation the other day were Trump supporters were calling W Bush the worse President for starting the Globalization stuff so you can see where that stands.

I will state that China doesn't play fair and kind of broke Capitalism. I also think China has ulterior motives similar to the USSR. We didn't open all this trade to the USSR back in the day, I am not sure why we gave an exception to China when they are basically just like the Soviet Union.
Click to expand...
I don't know that they "broke" capitalism, but the thing your average "free market" rube doesn't understand is that free markets generally require one set of rules that everyone plays by. The combination of the US legally crippling itself (sometimes for a good reason, mind you) and China employing slave labor and polluting up the planet means we all get to buy Chinese garbage because the average US customer is far, far, far away from an ideal, informed free-market consumer and tends to only act on price, rather than value. The combo of low information buyers and differing rules across countries means we don't have anything close to the playing field for real capitalism.
 
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#14
#14
ButchPlz said:
I don't know that they "broke" capitalism, but the thing your average "free market" rube doesn't understand is that free markets generally require one set of rules that everyone plays by. The combination of the US legally crippling itself (sometimes for a good reason, mind you) and China employing slave labor and polluting up the planet means we all get to buy Chinese garbage because the average US customer is far, far, far away from an ideal, informed free-market consumer and tends to only act on price, rather than value. The combo of low information buyers and differing rules across countries means we don't have anything close to the playing field for real capitalism.
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True capitalism is the black market.
 
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#15
#15
I can say about China is that I was in Shanghai about 5 years ago, and there are enormous skyscrapers that are completely empty. And not just one or two.

But I'm sure their economy is fine
 
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#22
#22
SpaceCoastVol said:
I can say about China is that I was in Shanghai about 5 years ago, and there are enormous skyscrapers that are completely empty. And not just one or two.

But I'm sure their economy is fine
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They have tons of ghost cities. If you ever check it out online it's creepy as hell. I do believe that the "china plays the long game" is not very accurate. They can try to from a political standpoint. But they aren't these wise deep thinkers we make them out to be. With billions of people they wouldn't be stealing so much IP if they were all that sharp collectively
 
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#23
#23
SpaceCoastVol said:
Ours were built with government money?
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Some of them, in a way. I know in the DC area and where I am now, the state/local governments provide certain tax breaks and subsidize the sale of the lots for construction. While they aren't paying directly, they (we) are in a way paying for them. Several of the town/city centers in Alexandria, Arlington, Reston, etc. were subsidized in this way and have never been occupied. One 20-ish story building next to where I used to live has only had tenants on its first three floors since being opened a decade ago.
 
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#24
#24
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