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0 sats \ 5 replies \ @tomlaies 27 Jan \ parent \ on: American Exceptionalism, LFG! rah-rah, 'Murica (Bloomberg, John Authers) econ
China has lost the trade war.
Their economy is stagnating on a medium emerging markets level and are currently trying a last ditch effort by state subsidizing EV industry.
5% growth is stagnating? Dream on.
China produce EV batteries at half the cost Tesla and western factories can make them for.
China produce solar panels, phones and most consumer goods at a price the west cannot compete with.
China build new infrastructure at a price no other nation can compete with.
China build half of the worlds new shipping because they can do it more efficiently- the US builds less than 1% of new ships.
Where are most Bitcoin mining machines made? China.
Why is China building most new major global infrastructure?
Because its more efficient.
Where was the device you are now browsing the internet made?
Where was your furniture and clothes and most of the goods in your house made?
China.
Why does Trump impose tariffs to protect US manufacturers like his sponsor Musk?
Because US manufacturing is inefficient and cannot compete and US politics is now pure cronyism.
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Fake regime propaganda numbers. Real data by Keqiang index estimate Chinas gdp closer to 2.4-2.8 percent. Together with imploding wealth from imploding property sector it's plus minus zero since 2016-ish
You're only existing industries. For growth you need new growth, not stuff that has been there since 2017
The communists are brainwashing you. Be careful.
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Why is Trump putting tariffs on Chinese cars?
You have been brainwashed already with US propaganda ignoring the reality of US decline.
Who is paying for Evergreen?
https://fortune.com/2024/02/08/evergrande-liquidation-99-percent-haircut-hedge-funds/
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Why is Trump putting tariffs on Chinese cars?
Because he's an idiot. And because the chinese car subsidies are artificial cheap by stealing from the chinese people via inflation and taxation
You have been brainwashed already with US propaganda ignoring the reality of US decline.
I believe in american exceptionalism. The US is exceptional. It is G-ds chosen country.
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Now you are being flippant?
Or... showing the true depth of your brainwashing!
Or... showing the true depth of your brainwashing!
Chinese manufactured goods are significantly cheaper than those of other manufacturing nations because of Chinas scale and its deliberate development of core infrastructure services provision.
Chinas mixed economy enables this as once did the US and other western economies before they were captured by rentseeking corporate parasites under the cloak of neoliberalism.
Jewish bankers own the US government.
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