If we lost a trade war, how long would it take us to find out? The vitality and flexibility of our financial system has obscured the degree to which we are living in the aftermath of a Chinese trade war victory—one in which the PRC not merely succeeded in subjecting the developed countries to trade…
the PRC not merely succeeded in subjecting the developed countries to trade competition, but also engineered the deindustrialization of both developed economies and many middle-income ones
“Please help, China shit my pants 😭”
Deng Xiaopeng’s famous “Southern Tour,” which opened the floodgates to foreign investment in Chinese manufacturing, took place about a year before Bill Clinton became president, and for most of the three decades since, the PRC was more a source of workhorse products than advanced ones. The G7 countries appear to have believed that either the PRC would democratize, or it would cease ascending the ladder of growth and sophistication.
Just straight up implying China should’ve become a full-on western puppet, ffs
“Please help, China shit my pants 😭”
Just straight up implying China should’ve become a full-on western puppet, ffs
Deity tier
They’re acting like China promised to turn lib or something lol why is it always our problem when their stupid ass “analyses” turn out to be naive