atans1

Trump’s Chinese allies in China trade war

In China on 03/05/2018 at 4:19 am

His fifth column in China, juz as China has US retailers and MNCs as their fifth column in the US (Don’t know what fifth column is? Think of what the PAP thinks of our ang moh tua kees esp one PJ Thum.).

Or how a Chinese boycott of U.S. goods could backfire.

Beijing is aware of the importance of American companies to China’s economy. Ernan Cui, a consumer analyst at the research firm Gavekal Dragonomics, said a boycott could have many victims.

“Due to the integration of the economies, whatever China does to the U.S. will end up hurting itself,” Ms. Cui said.

Lots of Chinese work for US MNCs directly and a lot more indirectly.

And notably, many of those products are made by Chinese workers. Factories in China assemble iPhones, stitch up Nike apparel and footwear and make Chevrolets and Fords. It isn’t clear how many jobs this creates, but the American Chamber of Commerce in China said that more than one-third of its 800-plus member companies have more than 1,000 employees in the country.

“China needs the U.S., the U.S. needs China,” said Max Baucus, a former United States ambassador to China. “We are joined at the hip economically.”

US cos are big investors

The United States has also supplied much of the investment underpinning China’s economic growth. Between 1990 and 2017, America pumped more than $250 billion into China, according to a report by the Rhodium Group and the National Committee on United States-China Relations.

“The U.S. multinationals have been playing a very critical part of China’s development story, providing investment, technology, brands,” said Erlend Ek, trade research manager of China Policy, a Beijing-based advisory firm.

“They have a very good relationship with each other.”

Then US cos help China become great.

There’s another reason that Beijing may be reluctant to try a boycott: American multinationals are aiding the Chinese government in some important projects. IBM and Walmart, for example, are collaborating with the e-commerce company JD.com and Tsinghua University to improve food safety in China, a priority for Beijing.

Thewn Chinese love US products like iPhones, McDonalds (edible),Starbucks coffee (even if it’s crap), KFC congee and chicken (both rubbish), and Nike shoes (made in China).

And finally they eat lots of meat. Cattle, chickens and pigs need imported feed and if US feed is banned or taxed heavily, feed (and meat) will be a lot more expensive.

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  1. who says -boycott-? trump only wants to put more tax on some chinese goods, and china threatens to tax some american goods more; u can continue to buy them, if u like them enough

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