Sunday, 19 May 2019

"The US and China are locked in an escalating trade battle. US President Donald Trump has complained about China's trading practices since before he took office in 2016. The US launched an investigation into Chinese trade policies in 2017. It imposed tariffs on billions of dollars worth of Chinese products last year, and Beijing retaliated in kind. After months of hostilities, both countries agreed to halt new trade tariffs in December to allow for talks. Optimism had grown over the prospect of a deal, but that faded, and now the US has more than doubled tariffs on $200bn (£153.7bn) worth of Chinese products. Beijing retaliated three days later with tariff hikes on $60bn of US goods." - extracted from A quick guide to the US-China trade war

China has hit back against the US as the trade war between the world's largest economies escalates. (Subscribe:

 Donald Trump had warned China not to retaliate after he doubled tariffs on Chinese goods worth $200 billion on Friday. US-produced meat, fruit juice and beer are among items now likely to jump in price for Chinese consumers.

"The most glaring misconception among the experts is that China’s development “model” is one for other developing nations to emulate. But the reality is that China’s modern economy wasn’t created by the intellectual brilliance of the CCP—far from it. Left to the ideas of the communists, China would have starved. In fact, it did so for thirty years, leading to the deaths of tens of millions of people.

China’s development is primarily due to the heavy involvement of Western economies in China’s economy. But even so, China’s fascist economy is directed by political, not economic considerations, manifested by fraud, graft, waste and widespread pollution. In fact, China has all but destroyed its ability to feed itself and is among the most polluted nations on the planet. This is what drives China outward—its own policies have rendered much of the country a wasteland.

All of these are by-products of a corrupt political class that undermines economic efficiency, ecological hygiene and prohibits broad economic and social development. What’s more, China’s warped economy has been shown to be much less than what it seems, sustained by an embedded falsity of data and a debt level that, at some point, will contribute to its undoing.

The irony in the prospect of a Chinese-led new world order is that just as China is rising, so too, it is falling. Even now it struggles to sustain an economy that cannot stand up under its own weight. Is such a nation the ideal and foundation upon which to base a new world order?" - extracted from


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