“Debt to GDP is 400% in China.”
The article is full of propaganda spin,like full US tariffs on all Chinese imports would take no more than 1% off of Chinese GDP growth, and that nobody is looking to move their whole supply chain, only final assembly.
They can keep kidding themselves. China is slow to change course, because discussion is so constrained by politics.
If further rounds of tariffs go on (next is supposed to be $200 billion), there is going to be a rush for the exits from China. If so, it is possible that next year, the US GDP growth rate could outpace the Chinese GDP growth rate. This quarter we are on track to hit 5% for the quarter. Reagan hit a 7.9% annual rate in his third year.
I doubt that China is able to really reform its policies in time to avoid the necessity of more tariffs. The sooner (after the midterms) that tariffs extend to all Chinese imports, the better it will be for us, by the 2020 elections.
Spot on.
I was at the FCC in Hong Kong yesterday where the astro turf commies made a folk hero out of a kid who had ten followers.
Now he has a global following of tens of thousands.
I just hope they don’t shut the club down. Effing commies.