The (trade) war has started

[Volvobrick]

Was Monica L. from China?  Very suspicious now....

 

 

  On 7/6/2018 at 8:56 AM, Roadrunner2029 said:

Err..

USA is the world's top buyer which is why there's trade deficits with most countries. They buy more than they sell.

Imagine this is after they've sold big ticket items i.e. Boeing planes, or like you said weapons from the likes of Lockheed Martin, Northrup etc.

Countries like China, Japan instead of buying goods and services from the US, they buy US treasury bonds to keep the trade going. They also buy assets such as US property which do not help keep the economy active.

When the US stop buying, where to sell all the manufactured goods ? This is why China needs to grow their own consumer economy. But Chinese being Chinese are more interested in speculative real estate "investment".

On the other hand, all the manufacturing depends a lot on US (and Europe or Japan) innovation and technology, from chips to engines to high tech material engineering to advanced software.

Before the Asian Financial Crisis during the Clinton administration, the world's factory was South East Asia. Remember the years Singapore was at the centre of electronics trade ? When Clinton brought down Indonesia and took the rest of SEA with it, the world's factory shifted to China. Clinton also approved China's most favored nation status for 3rd world countries. China officially joined WTO in 2001.

One of the many disputes now is that as a member of WTO, China has not open up it's market on many fronts. Typically foreign companies are required to go into joint venture which requires technology transfer. Of course this is good for China, or any country including SG if we need to grow our own talents and know how. But does it comply with WTO or the rights of other countries ? Then some people may also notice there's usually no blocking of China websites in most countries, but a lot of foreign websites are blocked in China, from commercial to media etc. not porn or political sites.


So you are renting and earning big money subletting HDB flats on AirBNB but continue to take HDB loan and HDB grant. Sounds familiar?

Just some questions to consider.

 

[Jamesc]

  On 7/11/2018 at 6:02 AM, Krieger said:

I wonder why people still q to buy new launch condos.... they still do not see the serious implications.. haz....

 

Can you elaborate?

[Mustank]

Now rmb is 5

Maybe wait for a while more to buy lots stuff

[Vratenza]

X5/X6 made in USA? 

 

  On 7/30/2018 at 3:23 AM, Wt_know said:

davidtch ... please get your ILSex in Beijing asap ... lol

 

[Wind30]

Talking to China colleague it seems China economy is pretty bad... really meh?

 

I think China might beg for mercy soon in the trade war. It looks like no way they can win...

[Beregond]

  On 8/4/2018 at 6:07 AM, Wind30 said:

Talking to China colleague it seems China economy is pretty bad... really meh?

 

I think China might beg for mercy soon in the trade war. It looks like no way they can win...

both side feeling the heat.

just the start nia.

 

trump now trying to pull europe to US  side,

will succeed sooner or later.

 

if any 1 in china think europe will side with china just because trump is crazy, they are very wrong.

trump is trying tricks with russia now,

alot depend on it.

 

and the iran issue,

now china is benifiting from iran oil while others is pulling out.

wat happen if US and iran cannot come to agreement,

will US really stop iran oil export?

 

and the most important key factor is the ppl/citizen, 

as long as the ppl can bear the hardship and support the government, they will win .

[Wt_know]

this means ah trump kor is sibei tok kong

he once said ... he NEVER lose ... lol

 

  On 8/4/2018 at 6:07 AM, Wind30 said:

Talking to China colleague it seems China economy is pretty bad... really meh?

 

I think China might beg for mercy soon in the trade war. It looks like no way they can win...

[Jman888]

  On 8/4/2018 at 6:27 AM, Wt_know said:

this means ah trump kor is sibei tok kong

he once said ... he NEVER lose ... lol

 

 

he may not be good in dealing with security or North Korea but he sure know how to do business

[Vratenza]

Seem like China sure win base on this factor. 

 

Also, what is most important to the Chinese?

 

面子 (face/pride/dignity)

 

They will not be 东亚病夫  

  On 8/4/2018 at 6:14 AM, Beregond said:

both side feeling the heat.

just the start nia.

 

trump now trying to pull europe to US  side,

will succeed sooner or later.

 

if any 1 in china think europe will side with china just because trump is crazy, they are very wrong.

trump is trying tricks with russia now,

alot depend on it.

 

and the iran issue,

now china is benifiting from iran oil while others is pulling out.

wat happen if US and iran cannot come to agreement,

will US really stop iran oil export?

 

and the most important key factor is the ppl/citizen, 

as long as the ppl can bear the hardship and support the government, they will win .

 

 

Edited August 4, 2018 by Vratenza

[Beregond]

  On 8/4/2018 at 7:13 AM, Vratenza said:

Seem like China sure win base on this factor.

 

Also, what is most important to the Chinese?

 

é¢å­ (face/pride/dignity)

 

They will not be ä¸äºç夫

 

 

Seem like China sure win base on this factor.

 

Also, what is most important to the Chinese?

 

é¢å­ (face/pride/dignity)

 

They will not be ä¸äºç夫

Very hard to say now also.

80s u can say that.

That time China ppl all blur blur . No money . Nothing to lose. Anw also living In hardship.

Government say die they also follow.

 

Now China open up liao. Internet everywhere. Start to have money .enjoy life.

Suddenly hardship return . Very hard to say how things will turn out.

Esp their young ppl. More modern then us in sg...

[Vratenza]

In China, they say no Facebook no Google no uncensored Internet, the citizens grumble but life goes on. No alternate government to chose.

 

The leadership tell the people to jump at same time, the whole world will feel the tremor. 

 

  On 8/4/2018 at 7:17 AM, Beregond said:

Very hard to say now also.
80s u can say that.
That time China ppl all blur blur . No money . Nothing to lose. Anw also living In hardship.
Government say die they also follow.

Now China open up liao. Internet everywhere. Start to have money .enjoy life.
Suddenly hardship return . Very hard to say how things will turn out.
Esp their young ppl. More modern then us in sg...

 

[inlinesix]

  On 8/4/2018 at 7:25 AM, Vratenza said:

In China, they say no Facebook no Google no uncensored Internet, the citizens grumble but life goes on. No alternate government to chose.

 

The leadership tell the people to jump at same time, the whole world will feel the tremor.

In Sg, got FB got Google also the same.

 

Can only grumble but life goes on

[inlinesix]

  On 8/4/2018 at 8:45 AM, Roadrunner2029 said:

Google is an important resource for research. That's why despite however 厲害 they can boast about Aliababa and 40 thieves, Google is still used by research labs and universities in China. I'm sure DPRK gives Google access to the limited elites and scientists too.

I had educated my PRC colleague on the important of 谷歌。

[Angcheek]

  On 8/3/2018 at 8:01 AM, Mustank said:

Now rmb is 5

Maybe wait for a while more to buy lots stuff

 

 

smart move ... now purposely weaken Yuan 

[Jman888]

  On 8/4/2018 at 6:14 AM, Beregond said:

and the most important key factor is the ppl/citizen,

as long as the ppl can bear the hardship and support the government, they will win .

I also first thought if their people at most go back and bear some hardship which to them is nothing, but not so simple actually. Many projects will be put on hold and the economy will be badly affected.

[Voodooman]

  On 8/4/2018 at 10:29 AM, Roadrunner2029 said:

In the US, the president needs to answer to the people. The midterm elections will be coming up soon, which will be closely watched and see if GOP will be given the kick in the butt.

 

In CN, the president does whatever he likes, full grip of the media, internet, everything except his ownself conflicts from within ownself friends. The people will not give a sh*t except continue to transfer more wealth out to HK, SG, US, EU, AU, within their own means and restrictions.

My American friends are telling me there is wide spread support for Trump's trade war with China.

 

China has more to lose but face is more important than money?

 

Think a quick solution won't be forthcoming, both sides need to see some pains in order to compromise and reach an agreement.

[Voodooman]

  On 8/5/2018 at 3:49 AM, Roadrunner2029 said:

The Americans are divided between those affected (e.g. farmers) and those not affected, the question is how much. The midterm elections will be a litmus test.

 

China has only one thing important, "stability".

Mid term is November? By the time, all the tariff would have been imposed. I heard most Americans are not affected yet but once they have to pay more for everything from cars to phones to furnitures (not to mention intermediary products for assembly in the States), they might think twice.

 

What is your view? Will there be a deal soon or pain is coming soon?

[Volvobrick]

  On 8/5/2018 at 6:04 AM, Voodooman said:

Mid term is November? By the time, all the tariff would have been imposed. I heard most Americans are not affected yet but once they have to pay more for everything from cars to phones to furnitures (not to mention intermediary products for assembly in the States), they might think twice.

 

What is your view? Will there be a deal soon or pain is coming soon?

No deal one... China would lose face. 中国不是吓大的！so they claimed.

 

This is possibly the beginning of the new cold war. Hopefully we will gain from both sides!

Edited August 5, 2018 by Volvobrick