Article

2008-12-12 Home Front Economy

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Anonymoose 2008-12-12 00:00|| || Front Page|| [4 views ] Top

#1 Want to play trade war games? May as well go for broke while you think you have the upper hand, China.

Posted by newc">newc 2008-12-12 01:37|| 2008-12-12 01:37|| Front Page Top

#2 Zhang Ping, the country's top planner, has given warning of the risk of social instability arising from massive unemployment.

Welcome to capitalism. Now take this as an opportunity and a moment to reflect. If you think exports suck now, just invade Taiwan. The One might forgive you and issue elegant words about the event, but the American people equipped with this device will boycott anything made in China and make today's numbers look mild by comparison.

Posted by Procopius2k 2008-12-12 08:24|| 2008-12-12 08:24|| Front Page Top

#3 Not to mention the difficulty of shipping lead filled toys and melamine flavored food items thru a war zone.

Posted by SteveS 2008-12-12 08:35|| 2008-12-12 08:35|| Front Page Top

#4 Yet another nation that was supposed to "eat our lunch" has got a bellyache instead. We have one too, but we got it from eating our own lunch...

Posted by M. Murcek">M. Murcek 2008-12-12 10:51|| 2008-12-12 10:51|| Front Page Top

#5 Even my leftist moonbat parents have begun boycotting virtually all Chinese-made products. I think sickening and killing all those pets didn't help them at all. My cat still hasn't completely recovered from that melanine-laced crap I was tricked into feeding him. I had a low opinion of the Chicoms even before the poison pet-food. Now... the less said, the better!

Posted by Scooter McGruder 2008-12-12 11:26|| 2008-12-12 11:26|| Front Page Top

#6 The situation between China and the US is a very interesting one. I don't think it is any more a threat to the US than Japan is. There is a symbiotic relationship between both countries and China appears to be more aware of this relationship than the US is. China is a hybrid capitalist/socialist country that wants to eventually be fully capitalist. There is far more freedom there for private enterprise than there is in any western country, basically it's the Wild West. Americans would be shocked at the amount of freedom businesses have. And of course some of them abuse that freedom, so slowly more and more regulations are being reluctantly added. Basically it's an anarchists paradise as long as you don't tangle with the Emperor (Communist Party)
They and Taiwan are becoming all lovey dovey and they are seeking more investment from there. I expect them to sign an agreement with Taiwan within the next year or two setting out a reintegration with China, probably on the lines of Hong Kong over a number of years.
Trade with China has been a mixed blessing over the last ten years or so. They along with Japan have kept inflation low by manufacturing wanted goods at lower costs. However they are not called Jews of the East for nothing and they are compulsive savers and investors. That savings has been the driver of the property boom in the US, although through none of their fault. They just kept investing in financial assets and the US kept spending. The US now wants them to appreciate their yuan so as to allow the dollar to fall, thereby facilitating US exports and slowing imports. However as this article indicates, that is not likely to happen, in fact the opposite, the yuan will likely fall strengthening the US dollar. The next administration is going to have fun sorting that conundrum out.

Posted by tipper 2008-12-12 12:57|| 2008-12-12 12:57|| Front Page Top

#7 The British had the same problem. Their solution was a lot more innovative than ours (economic collapse).

Posted by ed 2008-12-12 14:28|| 2008-12-12 14:28|| Front Page Top

#8 The Yuan doesn't float, it's pinned to the dollar. It's not going anywhere in relation to the dollar.

Posted by Mike N. 2008-12-12 16:14|| 2008-12-12 16:14|| Front Page Top

#9 Seems RUSSIA is also under threat or risk.

* REDDIT > RUSSIA FACING POSSIBLE MASSIVE SOCIAL UNREST AND VIOLENCE AS COMPANIES PLAN MASSIVE LAYOFFS; + SIGNS OF A KREMLIN FEARFUL OF UNREST, + THE REAL ISSUE ISN'T A US MISSLE SHIELD IN EUROPE [Bi/Multi-lateral Cooper as per Cold War Mutual Destruction premises]???

Posted by JosephMendiola 2008-12-12 20:23|| 2008-12-12 20:23|| Front Page Top

23:54 Jolutch Mussolini7800
23:42 Jolutch Mussolini7800
23:37 Jolutch Mussolini7800
23:32 JDB
22:06 Globfek Trafulax
21:47 Mullah Richard
21:31 ed
21:27 Billie Joe Clinton
21:25 Nimble Spemble
21:08 Frank G
21:07 OldSpook
21:06 DepotGuy
21:03 Skunky Glins 5***
20:49 Plastic Snoopy
20:44 CrazyFool
20:43 Verlaine
20:40 Verlaine
20:23 JosephMendiola
20:19 JosephMendiola
20:15 JosephMendiola
20:09 JosephMendiola
20:07 Frank G
20:04 Frank G
20:03 lotp