iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
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South China Post: China Should Thank Trump for Trade War

The South China Post is owned by Ali Baba and Ali Baba is controlled by the communist party. Fucking everything is controlled by the communist party in China, so anything published there is most likely a direct message to the world, from China.

Here’s China thanking President Trump for crushing their hopes and dreams, trying to set back the country 100 years to a landscape filled with garbage and rice farmers.

Source: South China Post

Now it is time Chinese leaders took effective action to remove the dark cloud of uncertainty and anxiety from the minds of the Chinese people about the country’s direction. So much has been written about how US President Donald Trump’s hostile stance, including his trade war against China, would adversely affect the Chinese economy.

Chinese leaders have also repeatedly warned that complex external factors have contributed to the slowing economy.

But, come to think of it, this is not about Trump and his intention to contain the rise of China, through a trade war or otherwise.

As repeatedly argued in this space, in many ways, the Chinese should truly thank Trump for what he is doing towards the country. Without his actions, the Chinese government would not have scaled down its over-the-top propaganda drive about how amazing China has become, nor would it have been forced to reflect on its own limits and pitfalls. Nor, more pertinently for Chinese consumers, would China have been so forthright in lowering or even removing tariffs on imports including consumer goods and drugs, which it has done three times in the past year or so.

This is all about China itself, which direction it will take, and what China should do to counter the headwinds it faces.

China calling out China for market rigging propaganda. Rich.

In a bid to shore up confidence in the country’s slowing economy and faltering stock markets amid escalating trade tensions with the US, Liu played down the impact of the trade war, promised that the government would channel more funds into the stock markets, and urged investors to calm down and believe in a better tomorrow. But he failed to outline specific measures.

This was a typical ploy by the Chinese government to talk up the markets whenever they were in the doldrums, but the trick seemed briefly to work. The stocks rose strongly the following day but continued to weaken afterwards. Indeed, the official rhetoric about reform and opening up sounded all too familiar, but the leaders’ actions have indicated otherwise. Understandably, people inside and outside China remain confused about the government’s mixed signals.

And finally China tells China to do something about, quit talking cheap, and focus on internal issues.

While the government vows to take the high road in the trade war and portray itself as a global champion of trade, it has started to preach “self-reliance” to build up its own technologies so as to reduce its dependence on the US.

That pitch may seem fitting as the US has indicated it will try to curb China’s technological advances, but the attempt to highlight its self-reliance has reminded many of a bygone era in which the country was closed to the outside and self-reliance was the only option.

Chinese leaders have long preached that in face of complex external pressures, the government should decline to dance to the tunes of others and instead focus upon doing its own work right and well.

As the saying goes, talk is cheap – show me action. ?

These people are fucking lunatics. If you read between the lines, they’re priming people for harder times — by implying things aren’t going back to the way they were — and how the government should instead focus on internal demand aka consumerism.

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6 comments

  1. soupbone

    Trumps trade war is giving China an opportunity to reform again. Away from dollars for trade purposes, new suppliers new alliances. What that means for US funding and reserve status remains to be seen. The Chinese might see this as an attack on their lofty goals in Asia and if so will they negotiate?

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  2. tradercaddy

    IBM buying Red Hat for a 60% premium should give tech a bounce at the open.
    Key will be if the bounce is sold.

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  3. Lyndon Keltner

    South China Post is such a juggernaut in journalism. Pulitzer and all.

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  4. moosh

    China talking to itself is the funniest fucking shit ever. Thanks fly

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  5. ironbird

    Keep calm and eat dogs.

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  6. tradingnymph

    Remember I have always talked about a Shanghai Copper Bubble, Since 2009 the Chinese Govt has been handing out massive amounts of stimulus to support the global economy. Speculators in Commodities, Real Estate, Global Equities flooded the global market with that money. Our QE was lame compared to what China spent. China is pulling the cocaine out of the world economy..it created the ugliest bubble that I could even imagine when I started following. China catches a cold, the world catches a flu. Us Bears are here to stay.

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