Tag Archives: China

Must-read. It is not only worth reading but also studying.Samir Amin, recently deceased, was an Egyptian-French Marxist economist. The analysis presented in this post is spot on.It reveals the plan of West (US) since China's "opening up" under Deng, and now the Trump Administration in particular, to submit the Chinese economy and therefore China to Western (US) domination both economically and politically."Liberalization" is a trap. Europe fell into it, although the UK wisely refrained from...

While the West is divided, with the US and the EU arguing with each other and suffering from internal crises, China and India are becoming world powers. What does it mean globally and locally? Should we expect any Asian country or Asia as a whole to become a new powerhouse? How to preserve security in the region and what Russia’s role in that could be? The world’s balance of power is slowly, but steadily moving towards Asia. While some countries like South Korea and Japan still depend on...

An unintended outcome of US President Donald Trump's trade war is that China will reduce its reliance on foreign trade and imported technologies. The end result could be a China that is stronger, more resilient, and possibly less willing to acquiesce to US-designed rules. No brainer. I've been saying this since the beginning of the so-called trade war. Like Russia, this is just forcing China to speed up what it was already committed to do in becoming more self-sufficient and developing the...

China is not afraid of “extreme measures” the United States is taking in their trade war and will use it as an opportunity to replace imports, promote localization and accelerate the development of high-tech products, state media said. The People’s Daily newspaper, which is published by the ruling Communist Party, made the comments in a front-page article in its overseas edition on Wednesday.... China to follow Russia's lead in import substitution. This means that those markets will be...

Venezuelan President Nicolas Maduro returned to Caracas Monday upon concluding a four-day visit to the People’s Republic of China, which saw the two countries sign twenty-eight bilateral agreements, including a new US $5 billion Chinese loan and joint plans for a fourth satellite, in addition to strengthening political ties.... “I have had to overcome economic sanction measures by the US and Europe, who persecute Venezuelan bank accounts, kidnap billions of dollars in international...

China did not have a credit rating system previously and the quickly expanding economy along with ecommerce required one, since credit is an essentially aspect of a modern monetary production economy, which China adopted during the era of Deng Xiaoping in introducing a market-based economy. Apparently it is a popular in spite of receiving a lot of bad press in the West as being controlling. Well, it turns out that the Chinese are fans of good order and tehy view the social credit system as...

Important geopolitically.GeopolitikaChina and Multipolarity Leonid Savin Translated from Russian by Jafe ArnoldSee alsoReutersEU must grasp world role as U.S. retreats, Juncker says Alastair Macdonald

Beginning to figure out how China works and why Western expectations have been consistently wrong about China' stability and resilience. The post addresses much more than property rights.More evidence that the Chinese leadership groks the basics of MMT?Grasping RealityThis is, I think, both right and wrong. China has an... interesting property-rights system—your property is secure not ...Brad DeLong | Professor of Economics, UCAL Berkeley

Trump then blamed China, saying that "because of our much tougher Trading stance with China, I do not believe they are helping with the process of denuclearization as they once were (despite the UN Sanctions which are in place)." This is in line with Trump's complaint from early July in which he said that with respect to the denuclearization process, China "may be exerting negative pressure on a deal because of our posture on Chinese Trade." Learning that unlike private deals, deals on the...

Ya think?What to expect when provoking a dragon in its lair. Same with a bear. Provoking a dragon and a bear at that same time is, how would you say? The report said that while the PLA had continued to extend operations, it was not clear what message Beijing was seeking to send by carrying out the flights “beyond a demonstration of improved capabilities.” I'd say the message is loud and clear. But apparently the geniuses at the Pentagon know somethings I don't.ReutersPentagon says China...