China

[FlyerInHi]

We will see about the currencies.

The US could isolate China but only why the help of allies in Europe and elsewhere and with TPP. Trump is isolating us. By treating developing countries as shithole places, Trump is driving them in the arms of China.

Let’s see what happens at G7 and if the EU will tax US tech.

2 projects to watch are in Vietnam. The Hanoi Metro is being built by China whereas the Ho Chi Minh Metro is being constructed by Japan. When completed, we will see the cost per km. Vietnam will play the poor debtor and we will see how the loans are modified. Interesting times.

[Myriad]

https://blogs.wsj.com/dailyshot/2018/07/20/the-daily-shot-china-retaliates-against-the-u-s-via-the-currency-market/

Taiwan, Korea, Thailand, and The MSCI EM Currency Index all declined in line with USD/CNY.
I read this blog daily. It’s got some good information, nice charts, but the data is a little noisy.

[The-Shoveler]

I really do wish this trade war to come to some type of resolution (quickly).

( I still have hope LOL).

But if push comes to shove we (the USA) will win this.

[FlyerInHi]

There is no win. Only lose lose.

I can’t recall a war we started in my lifetime that we won. maybe Grenada.
The war on drugs was simple enough — just say no

[FlyerInHi]

Dup

[FlyerInHi]

Notice that Narendra Modi was not disinvited from the G7 despite human right violations in Kashmir. A clear sign of playing India against China.
Modi knows the West needs him more than he needs them right now, so he’s taking advantage.

Not much is said about Kashmir and Hong Kong from any of the leaders of the world.

[The-Shoveler]

Shanghai China, customers stuffing their SUV’s to the gills
at Costco in the suburbs of Shanghai China.

https://finance.yahoo.com/news/costco-just-opened-its-first-store-in-china-and-the-response-is-insane-105429767.html

Costco (COST) cut the ribbon at its new store in Shanghai and proceeded to watch shoppers overrun the expansive aisles, as seen in numerous posts on Twitter. In fact, the crowds got so big that the store was forced to cut opening day short over safety worries, according to news reports. For Costco, the day one response — and the inevitable surge in new memberships — should temper concerns on Wall Street that its bulk-selling model wouldn’t work in the hyper local Chinese food market.

https://qz.com/1695894/here-are-the-crazy-scenes-from-costcos-opening-day-in-china/

[FlyerInHi]

Shoveler, that underscores the importance of the chinese market. It’s big enough for everything.
Other foreigners are licking their chops at the prospect of a Trump presidential order to pull out of China. American brands will have to fire sale their operations in China. The Hilton will be rebranded Sofitel or Movenpick.

[Myriad]

[quote=FlyerInHi]Shoveler, that underscores the importance of the chinese market. It’s big enough for everything.
Other foreigners are licking their chops at the prospect of a Trump presidential order to pull out of China. American brands will have to fire sale their operations in China. The Hilton will be rebranded Sofitel or Movenpick.[/quote]

That’s why if US pulled out from China, it would ban any other company that does business in China from doing business in the US including banks – maybe even SWIFT. Like the Iran or NK policy.

[FlyerInHi]

[quote=Myriad][quote=FlyerInHi]Shoveler, that underscores the importance of the chinese market. It’s big enough for everything.
Other foreigners are licking their chops at the prospect of a Trump presidential order to pull out of China. American brands will have to fire sale their operations in China. The Hilton will be rebranded Sofitel or Movenpick.[/quote]

That’s why if US pulled out from China, it would ban any other company that does business in China from doing business in the US including banks – maybe even SWIFT. Like the Iran or NK policy.[/quote]

Sure, it would have to be that way….. but countries would have to follow our lead and stop doing business with China, otherwise it will be us who is isolated.

For example, many small to medium high tech German companies don’t have any business in USA, but do brisk business in China. The beautiful cladding on modern buildings, yeah, made in Germany.

Based on the G7 meeting, it’s not certain Europe would be on our side. Italy for example sells more luxury products in China than anywhere. That’s why they joined Belt and Road. A Trump official called them “traitors” on Fox News. Australia depends economically on China even though they are on our side, security wise.

It’s interesting that we personally sanctioned Zarif, but the French still invited him to G7. What are we doing to France about it? Nothing apparently.

[FlyerInHi]

Nial Ferguson was pretty right wing when he was younger. He’s moderated since.
Anyway he says the “war” is all about tech.

But if Chinese tech is better and cheaper, then why not use it for the benefit of humanity? It seems stupid to forgo development because of real or perceived fears/paranoia. It’s especially true with respect to the developing world. If we want to stop Chinese influence, we need to offer better than what China provides. If China builds HSR for Africa, perhaps we should build freeways for them, at a deal too good to pass up.

[Myriad]

China has lent ~$700B to developing world (2x IMF+World Bank), at least so says this paper.
Download before they take it away, lol
https://www.ifw-kiel.de/fileadmin/Dateiverwaltung/IfW-Publications/Christoph_Trebesch/KWP_2132.pdf

[FlyerInHi]

[quote=Myriad]China has lent ~$700B to developing world (2x IMF+World Bank), at least so says this paper.
Download before they take it away, lol
https://www.ifw-kiel.de/fileadmin/Dateiverwaltung/IfW-Publications/Christoph_Trebesch/KWP_2132.pdf
[/quote]

Very interesting that this is on a German site.

Angela Merkel was just on a state visit to China and you know that German businesses would love to sell more to China and to steal market share from Americans if they can.

Interesting that China has lent so much to the world. That’s a good thing because it helps development. China is focusing on infrastructure that people need. Chinese traders are also fanning across the global opening businesses such as clothing and cell phone stores in areas that were previously unserved. That’s excellent people to people contact.

“Debt trap diplomacy”, a term coined by Americans, is such unfair characterization because China has never made unreasonable demands. Take the port of Piraeus. Even Yanis Voroufakis speaks highly of China’s involvement and the accommodations that were made. In contrast, the EU forced Greece to take bailout money and into austerity to pay back German and French banks. That is real debt trap.

Look back to what the IMF did to struggling countries after the Asian financial crisis of 1997 or to Argentina recently. Argentina is still trying to restructure debt.

In fact, debt trap and the legacy of exploitation by American corporations and US military intervention are what is causing instability in Latin America and migration to the US.

[Coronita]

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[Coronita]

Wow Brian, you’re trying way too hard to be a

[Author]

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