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Very optimistic piece about the Chinese economy from a Chinese American who now resides in China. The author works for Washington Post, which is owned by Jeff Bezos, whose company Amazon greatly benefits from China. There is no doubt this is a piece that is trying to rally around a very unlikely scenario where the US administration will give into Chinese belligerence and back off on trade tariffs at the end of November when Trump and Xi meets - despite Trump, Pence, the current Trump administration, and even prominent Democrats' hardline against China. A trade war which the US is winning strongly. A couple of things stands out from the article: reminiscience about the great Chinese growth in the last 30 years, and "The party appears to enjoy broad public support, and many around the world are convinced that Mr. Trump’s America is in retreat while China’s moment is just beginning." That last thing is the conclusion drawn out of nowhere, and very incorrect. US has been growing 4% this year, while every other major economies around the world has suffered. https://www.cnn.com/2018/11/14/economy/economy-global-slowdo... The author cleverly avoids talking about China's now: slumping economy, the ever increasing local government/corporate/personal debt, export falling 30% year-over-year in Guangdong, the top exporting province https://sinoinsider.com/2018/10/risk-watch-declining-export-..., potential tariff on all of China's import into US, the great military alliance between US, Japan, Australia, India and several other Southeast Asian countries against China in South Asia Sea, western ambassadors demanding answers to China's imprisonment of Muslim minority https://www.businessinsider.com/china-slams-western-ambassad..., and last, how private companies which drove the innovations in china are dying out to state enterprises https://www.bloomberg.com/news/articles/2018-10-24/china-s-s.... EDIT: clarified author |
If you're wondering about the American soybean farmers that China has targeted as a response, you'll see that they are... simply looking at the commodities futures markets and making rational economic decisions [1]. I'm sure that this is not at all what China was hoping to accomplish.
[1] https://www.chicagotribune.com/business/ct-biz-soybeans-chin...
The bags farmers are using are not new technology, they have been around since the 1990s: https://extension.purdue.edu/article/6963