The “China miracle” was nothing more than smoke and mirrors as big companies of the West took advantage of Chinese people seeking a living and Western consumers seeking lower prices. Everyone lost. There was no “miracle”. The fad for cutting… Read More ›
The 2-hour talk in private between Trump and Putin without any American official except Trump’s interpreter is the major reason why the Trump-Putin Helsinki summit is exceptionally important. Further provoked by what Trump said at the press conference after the… Read More ›
Central planning has only so much room for slight of hand tricks to keep up its sleeve. When the going gets tough, everyone goes home. For China, that means devaluing its currency, a complaint Trump has long lobbed against the… Read More ›
On July 6, U.S. initiated $34 billion worth of tariffs on imports from China, officially marking the largest trade war since the Great Depression. Among the imported goods levied, including auto parts, jet engine parts and other machinery, aluminum and… Read More ›
The mainstream explanations for the European powers’ attempt to keep the Iran nuclear deal alive despite the US’ withdrawal, including the worry of pushing Iran to Russia and China, economic consideration, hope for moderating the theological regime, prevention of nuclear… Read More ›
Global trade has become too congested and inbred. Enemies make vital weapons parts for each other—well, enemies of the US make vital weapons parts for the US, but don’t return the favor. Western companies outsourced to developing markets, then were… Read More ›
Here is some interesting data from Al Jazeera News about China and World Cup 2018 in Moscow: [1] In 2014, Chinese football fans bought 7,400 tickets but the figure jumped to 40,000 in 2018. [2] Russian media estimated 100,000 visitors… Read More ›
China is reaching out to the world. It doesn’t want tariffs imposed by the US. President Xi Jinping likely feels betrayed by the man who was so kind to him previously, President of the United States Donald Trump. The Western… Read More ›
On May 19, the White House, after a 2-day US-China meeting on trade, issued a statement saying that there “was a consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China … China… Read More ›
NBC reported news of recent months to counter news of recent weeks. It wouldn’t be the first time NBC had a precarious definition of “news”. Intelligence reports about very specific details of possible uranium production were broken as “news” by… Read More ›
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