Crash crash, do it now and get it over and done with, so I can spend some money on a few bargains, why drag it on crash now.
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Crash crash, do it now and get it over and done with, so I can spend some money on a few bargains, why drag it on crash now.
Its not N.Z. specific things that are especially concerning. Trade War or this is a concern https://www.cnbc.com/2019/08/12/cram...aboolainternal Apparently the widespread saying of the young protestors regarding their concerns they want resolved, is best translated from Cantonese as "We want all or nothing".
Realistically there's only one way that really ends... but down here we'll be immune to all this and a possible trade war so we're all good...or so those only wanting to enjoy positive-ness would have us believe...
https://www.cnbc.com/2019/08/13/hong...aboolainternal
Quite right. But never fear, Beagle is here :) to give some good news...the world is such a mess we need some !
https://www.msn.com/en-nz/news/world...cid=spartandhp
Beagle me old mate - talk of homeowners getting into strife as recession hits
https://www.stuff.co.nz/business/115...mortgage-rates
Just to add to the misery, Don't forget about $300,000,000 will be dragged out of the Auckland economy at the end of the month to pay some of their rates:t_down:.
Our government just rebuked the Chinese government for involving itself in freedom of protest in NZ - i.e. the domestic affairs of our country.
Do you think they should turn around and involve ourselves in the domestic affairs of theirs? Please! Angering our biggest trading partner and having zero effect on something that is basically inevitable (the full take over of Hong Kong by China), would be rather silly. Not only would it sour the relationship, it would accomplish nothing except making us look like hypocritical imperialists.
Still - none of this is good for economic prosperity. Just the issues at the airport are causing major disruption to business. The Hong Kong protesters should actually watch out for a backfire - Guangzhou/Shenzhen airport are pretty close, they are probably opening their doors to the re-directed flights. Airline companies hate disruption and given the protests may be ongoing, they may opt to drop routes from HK, instead using Shenzhen and Guangzhou to ensure stability. None of that would be good for the economy of Hong Kong...
main us indices still consolidating in ranges at the moment 26400 - 25400 on dow and 2940 - 60 - 2825 on sp500 likely breaks either way will lead to new direction
pretty big re action of our lines in the sand re inforcing them as levels needed to be breached to go for all time highs again. the take from the action i guess is we have re covered some what means the bears not totally in control yet. next move after jackson hole
one tweet and we are back to the bottom of the range
Trump Says He’s Poised to Escalate China Trade War Within Hours
https://www.bloomberg.com/news/artic...d=premium-asia
Dow drops 550 points after Trump orders US manufacturers to move from China
https://www.cnbc.com/2019/08/23/us-s...me-powell.html
looks like a bad monday coming if trump retaliates on the weekend
Hong Kong is a minor economic event really - played up by the Western media, especially UK, to try and pressure & humiliate China. Not going to work as China has already said history will not be allowed to be repeated for the 100 years of humiliation & exploitation by the West & Japan.
Which leads us to the trade war initiated by US & Trump - same frame of mind from China leaders will apply. Don't expect them to back down.
And Trump cannot back down now so there's only one thing which will happen - a race to the bottom which will be reached by the US first.
Fasten your seat belts and prepare yourselves for a very very hard landing - it is going to happen.
And the sooner we hit bottom, the better.
Agree with you, Fish, that NZ is in a comfortable manageable little spot* - safe haven in every way from all that BS and turmoil.
* Plenty of scope to borrow cheap money with our low government debt to provide some cushion against the hard landing.
Imagine the rebound economic growth once it's all over.
It isn't just Trump, check out Elizabeth Warren's views when it comes to trade and China. If chosen as the democrat nominee, and she is a decent chance to be, she would have a good shot at beating Trump, but the idea that the trade war would die with her election is not supported by her policy mix and world view.
Then of course, there is Trump winning a second term. With the extent of his narcissism, validated by re-election, I would expect him to start campaigning for a third term the following day!
Agreed - the Democrats will of course still continue with the trade war - as the West should. China has gotten away with so many trade violations for far too long.
Difference with any President other than Trump is that it will be done behind the scenes and we will not see the Trump demi-god-to-be's whipsawing* pronouncements.
That in itself will be a giant leap for resolution of the trade war.
My reading is that as a people, the Chinese are prepared to put up with hardships - it's in their psychic. I do not sense any will on the part of the Americans to bear any hardships - they have been borrowing ever larger sums of monies to maintain their standard of living.
Let's just hope as some are already speculating that the trade war does not lead to a world war.
* Don't you just love his Greenland shenanigans? How to make enemies out of friends and lose winnable wars!
He considers himself to be the "chosen one". Oh my goodness.
At first this made no sense at all, then I realised that USA history lessons will cover how USA came to have 50 states. If Trump managed to buy Greenland and turn it into the 51st state of America, history books for the next 100+ years would have no choice but to continue talking about Trump. What a legacy.
QED
In the absence of some big achievement, history could be written with him being no more than a past president with a patchy record for what he achieved and a legacy of using Twitter to make policy announcements.
Regarding Greenland, this isn't the USA's first rodeo - they attempted to buy it for $100 million in 1946.
One of the reasons Trump stands out is the Western world has had relative peace and calm, as well as free trade, for quite a while now.
But if you go further back, you can find a lot of historical parallels. In terms of policy, Trump is following a lot of Herbert Hoover's playbook. Of course, what Hoover did trying to "fix" 1929, Trump is doing with full employment and with asset prices at historical highs. It didn't work out well for Hoover/America, but perhaps he just wasn't great, great, great enough.
In terms of personality guides, umm, the emperor Nero?
Denmark has come with a counter offer to this ridiculous play by Trump before then throwing out his toys and cancelling a long planned trip to Denmark when they told him where to go:
https://www.newyorker.com/humor/boro...F0g1WI0eCffYoI
We disagree on this my friend. Trump came out with this out of the blue on the eve of a long (and in final planning stages) planned visit to Denmark at the invite of her Majesty Queen Margrethe.
When the PM said it was absurd he called her “nasty” and cancelled the visit. Like a kid throwing his toys out of the cot.
Denmark is a very good friend and partner of the USA and so are the rest of the Nordic countries. I’m up here right now and people are highly offended by Trumps action, showing total disrespect to this important friendly part of the World.
He is a complete fool
We can only control how we react and act to the mayhem being exacted on the global economy and actually, the world by the actions of the likes of Trump.
I believe the world is going to have a seriously bad year in 2020 as the world has come to finally realize that Trump lives in a fantasy world where US is still #1 in everything and every country must kow tow to his demands.
Here's news for Trump & the Americans who voted for him :
https://www.youtube.com/watch?v=9zZxBNRTkd4
Which means the likes of the EU and China will bite the bullet and go their way - So be cautious with your strategy going into 2020.
Don't forget that the American continent has been populated from China / Siberia via the Bering strait. The Europeans came only later and stole the land from the "native" Chinese (red Indians). Lets hope the Chinese don't reclaim the US following your logic: Tibet - Hong kong - Taiwan - America?
Found this graphic very useful to explain the threat posed by an inverted yield curve. :ohmy:
Attachment 10730
have too watch those lines in the sand tonight US markets
Tomorrow is looking the same
https://www.cnbc.com/2019/08/25/dow-...escalates.html
B P you are so wrong the nomadic Africans left Africa and travelled east as they were want to do , picked up some Asian blood along the way then crossed the Bering Sea down into what is now the U S , and over thousands of years changed appearance into what we now recognise as Nth American Indians, we then places Africans into the mix so you can see we have completed the circle!
I think he might have been being facetious.
That aside, the stock market hasn't taken much of a hammering from political fallout except for atm, which some may attribute to non political factors anyway.
Yes...it could and probably will get even worse. https://www.cnbc.com/2019/08/25/trum...emergency.html
I don’t look until I get a CNBC notification that tells me that the DOWN and S&P500 have risen...pointless following when it is depressed....safe only because the capital is not needed for at least 3 to 5 years and dividends are still being paid.....this market is beyond predictable and is certainly not to be trusted.
China and US back on the table to negotiate....this is the game...only the brave one will enjoy the current market....
Yeap the silver in my portfolio has been a star performer lately after so many years of being a dog. Trouble is its been so doggy over so many years I've never added to it and its now under 1% of my portfolio so even a decent move won't move the portfolio needle. We really need to see Silver up back up at over $40 an ounce to break out of this multi year malaise.
us markets held within the ranges. only means now when the inevitable break comes it will be swift
Was hoping the market ŵould keep tanking for bit. All markets need a damn good shakeout and the quicker it happens the better. Get it over with.
Notorious market manipulators UBS urge clients to sell stocks, I'd trust a bull in a China shop a lot more than this lot.
We all know the drill - they have already sold down and are now trying to spook the markets into selling back to them cheaper.
Reminds me of what Merill Lynch did years ago with Vietnam - they bought heavily into that country in the mid 2000s, pushed the market there up and then, issued a worldwide recommendation to invest in Vietnam. When everybody else bought in, they sold and it crippled the Vietnamese stockmarket for over 5 years!
https://www.scmp.com/news/china/dipl...ald-trump-says
Well, the serial liar has been well and truly caught this time round so expect a down day tomorrow for US markets.
Looks like China is happy to call his bluff and bluster 'negotiating' tactics which unfortunately means no market stability or bottoming out until Trump is out of office.
China will ride this shyster out as it will not allow a repeat of the 100 years of humiliation by the West & Japan. Can Americans do without their cheap China consumer goods, funded by borrowings and produced by the sweat and toil of other people?
Take 1 : "Markets jumped when Trump said on Monday that China called “our top people” – the US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin – on Sunday evening to “get back to the table” to negotiate to resolve the two countries’ year-long trade war"
Take 2 : "But there has since been no sign of progress on that front and the Chinese foreign ministry again said on Tuesday that it was not aware of the phone calls over the weekend. “I have not heard of that,” foreign ministry spokesman Geng Shuang said when asked about the call."
Take 3 : "Dow down 5% tomorrow?"
.
Well, should have added a decimal to the 5% for Dow to be down - it's 0.5% with arguably worse to come as China prepares for the worse case scenario on the trade war with Trump/US.
Rather telling that China is not responding any further (as it did before) to the bluff and bluster negotiating tactics and overtures from Trump.
https://www.bloomberg.com/news/artic...d=premium-asia
".....his efforts to depict China as caving in negotiations actually confirmed some of their worst fears about Trump: that he can’t be trusted to cut a deal. “Trump’s flip flop has further enlarged the distrust,” said Tao Dong, vice chairman for Greater China at Credit Suisse Private Banking in Hong Kong. “This makes a quick resolution nearly impossible.”
Which interesting enough, was exactly what the world's oldest (and arguably most experienced and suffer no fool) leader, Mahathir, said almost a year ago :
"Because he changes his views even in a matter of hours," he explained. .....Dealing with people who are not consistent is a very big problem," the prime minister said."
https://www.channelnewsasia.com/news...-york-10763916
Get the feeling that China and the rest of Asia have had enough of Trump and the US?
Which means that the trade war is officially ON with no resolution until Trump leaves the Presidency, with all kinds of ramifications for countries like NZ and Oz caught in the middle.
still in the range
https://www.youtube.com/watch?v=VMqcLUqYqrs
Worth watching if you want a reality check on where the US is today as a nation.
"America used to wage war on poverty, not poor people ..."
"Aspired to intelligence, we did not belittle it and make Americans feel inferior.."
"Able to do great things because we were inspired by great men who we revered ..."
Interesting though to see that this youtube was first posted in 2012. Even more relevant today.
Ahhhh...that date is good to know....as they now have Trump to MAG !
So they should be ok.
We seem to be doing well with the drop in currency value. Good for exporters.
Perhaps the addictive substance that undermined Chinas historic preeminence subsequent to the Opium Wars will allow China to usurp the US in economic terms shortly. Sort of a meandering loop in history looking to close itself after about a hundred and eighty years.
Brexit: Which New Zealand listed companies would likely benefit most from a bilateral trade agreement with the UK? It look like they just might shoot themselves in the foot and it would be remiss of us not to be prepared to take full advantage.
The Buddhists & Hindus have a word for it - Karma.
The West (being Britain, France, Russia, Japan & US latterly) forced opium down the throats of the Chinese in exchange for all the goods they wanted from China at that time of great value (tea, silk, porcelain, silver, gold etc), so the West reaps the punishment of history and karma now with the flow of drugs down the veins of its citizens, especially the youth.
As the Brits are fond of saying : What goes around, comes around.
Re Brexit : https://www.mfat.govt.nz/en/countrie...uk-and-europe/
If you could be bothered reading the above and and thinking through all the different scenarios which emerge from what kind of deal (brexit or no deal brexit).
Plenty of negotiations ahead still but note that a no-deal Brexit means no transition period which could result in chaos in UK trade. Very good for NZ as one of the most efficient producer of agricultural products, I would have thought.
Provided it's possible to get the stuff through the expected chaos of British Customs!Quote:
Plenty of negotiations ahead still but note that a no-deal Brexit means no transition period which could result in chaos in UK trade. Very good for NZ as one of the most efficient producer of agricultural products, I would have thought.
I suppose the big problem for the untied kingdom after a hard Brexit won't be to source produce (plenty of willing sellers around), but to pay for them. Their financial services sector will be from one day to the next without European customers - and I doubt the handful of Kiwis will as consumers adequately replace the European market. Their (into the European manufacturing process integrated) factories will either move to Europe or grind to a halt. Their education and research sector will quickly lose its brightest brains (no European grants anymore) - and that way lose as well its attraction to foreign students.
Not quite sure, whether we want to deal with the sad reminders of a once great Britain after they brexited ... but if we want to, than we should be prepared to queue up in a long row of unpaid creditors ...
The risk of no-deal is rising fast. 2 months ago Mr Johnson talked of its being “a-million-to-one against”. Now he says it is “touch and go”. In political terms, no-deal has appeal to Johnson
Taking back control: Boris Johnson suspends Parliament, causing uproar https://www.economist.com/britain/20...causing-uproar via @TheEconomist
The Chinese have never lived up to their WTO obligations. Corrupt government corporations raping a pillaging Western technology, government subsidizing industries to put western companies out of business, anti-trust behavior, currency manipulation, copyright and patent theft. Add on top of this no human rights and social credit scores that mean people cannot speak out for fear of not even being able to get on a bus. I don't know but Trump is doing the right thing. Someone needs to hold them to account and the worlds biggest economy is probably the only one. We should be applauding him not listening to biased media. We should all be travelling to Hong Kong to protest with them. Well done them and I hope they are safe with the Chinese rolling in the tanks as we speak
Bravo - word for word just like from Trump.
Complete and utter rubbish & garbage.
https://www.scmp.com/news/china/mili...routine-annual
Trump doing the right thing? Now that’s original!
I guess Tibet is Chinese too? Despite multiple United Nations rulings it is not which leaves china free to carry out atrocities at will? Tell me what is rubbish in any of what I said? I love Hong Kong - I hope they will be ok. If they don't do something they will all be suppressed and put under the Chinese yoke. It will happen in 2046 (2040 something) in any regard but China will not last that long as it is.
And you think America is American?
Whatever happened to the land rights & nationhood of native Indians, I wonder - slaughtered nearly to extinction and the survivors herded into infertile & geographically hostile reservations to starve so that the 'settlers' (like the Trumps of today) can take their land. I guess you know your history well enough to also comment on how the government of the day ordered the complete slaughter & decimation of the millions of bisons roaming the plains to deprive the natives of food, completely destroying their way of life so that they were forced to surrender?
Read : https://www.history.com/topics/nativ...n-reservations
And it was only in 1934 (not that long ago) that the Native Indians were acknowledged to have been marginalized and the law changed.
And shall we look across to Australia and discuss Aborigine land? How the Aborigines were classed as vermin to be slaughtered so that their land could be taken. Guess not, huh?
Rolling in the tanks - that's your assessment? You have not got a clue what you are writing about, do you?
Just as you assessed the HK protests as push for democratic reforms?
You really think that China is suppressing HK? Before or after the Opium war?
HK was suppressed by the British without any democratic rights for 100 years, ruling as Colonial Lord & Master. On the eve of handing HK back to its rightful owner, the Brits try to introduce democratic reforms! Who is kidding who? You really need to read the history of how the Brits exploited China and Hong Kong for 180 years with the co-operation of the HK tycoons, especially the Scots & Jews. Latterly, the British used HK Chinese - the land & property tycoons.
PS. I am no fan of doing business with the China Chinese and they do need to be brought to account on a number of fronts. NZ has to do business with them however or else we are on a one way track down to economic regression. Criticizing China like you do without any understanding of how that country sees its place in the world is folly. Especially when you actually think Trump is the chosen one! :t_down:
So what's the relevance of my two posts above?
You can assess for yourself the misinformation out there regarding China so that Trump is seen to be the 'good' guy in trying to force China into submitting to his will via a trade war.
Never mind that he is targeting almost all countries to MAGA.
And really, there's only one country now which is calling his bluff and will not be backing down as history is on China's side.
Many more Black Mondays ahead as long as Trump holds sway over the ignoramus idiots out there.
Refine your investment strategy and portfolio accordingly.
For those of you who are genuinely interested in understanding the HK situation with an open mind, please spend 5 minutes to read this :
https://www.sharetrader.co.nz/showth...937#post769937
Excerpt : "But Hong Kong’s problems can only be solved BY HKers and the worst aspect of the British political culture, which was unfortunately learned by heart by the HK politicians and tycoons, is basically “ solve INTERNAL problems INTERNATIONALLY, and solve ECONOMIC problems MILITARILY*”.
Slightly off topic but hey the opium wars were quite recent? Lol.
You can defend china all you like. I'm not saying America is right either. I'd much rather be in a US court than a chinese. I'd much rather Hong Kong fight than roll over to lose all their freedoms. Taiwan will be next. Maybe we can build an island next to bali - I'd love 200nm economic region there - mean breaks
back towards the top of the range now thanks to comments by china
Dow jumps nearly 350 points after China hints it won’t retaliate for now in trade war
https://www.cnbc.com/2019/08/29/stoc...ion-fears.html
just goes to show comments from china or the US on trade issues move markets
Only criminals and those inclined towards criminal activities fear the courts - don't give yourself away please.
As for US Justice, you better hope you never find yourself in custody there:
https://www.washingtonpost.com/local...?noredirect=on
"It was a routine purchase for him until he landed in Baltimore’s airport. Customs officers detained Haughton and police arrested him, accusing him of smuggling in not honey but liquid meth.
Haughton spent nearly three months in jail before all charges were dropped and two rounds of law enforcement lab tests showed no controlled substances in the bottles."
the S&P 500 ended August 2019, down about 1.8% .....couldn’t have been much action over the month
I believe Mr. Johnson has every intention of leading the UK out of the EU without a deal, however he doesn't want to appear although this is his aim. What's interesting to me is the notion that the prime minister can suspend a parliamentary democracy, I certainly think that will be a useful tactic in bending parliament to a rulers will and stifling opposition.
I spoke with a mate from the UK who believes the UK don’t need Europe and that they will negotiate with the US on a free trade agreement. Europe needs to play ball and Europe needs the UK more than the UK needs Europe. I don’t agree with his ideas, Including that the rich don’t want Brexit as they have more to lose exiting. Who knows what the future brings, but the idea I get is that the UK have some tough times ahead
UK is the world's 5th biggest economy & 10th most competitive (source : IMF) so there will be many countries keen to deal with the country, especially when it is freed from the shackles of all that EU regulations, restrictions, farming subsidies and cross-border nonsense.
But UK needs to get its act together and there is little sign that it is getting its act together so it's going to get worse before things get better.
Just imagine NZ being able to sell any amount of dairy products and meat (especially lamb) to the UK without all that EU tariffs and quotas. :t_up:
I wonder if the UK will struggle to import due to their currency dropping in value post Brexit.
Absolutely - BREXIT will turn the UK from an international finance and insurance centre to an agricultural producer, which means they won't be interested in a trade deal with New Zealand - they will be able to produce their agricultural produce by themselves and anyway won't have the money to pay for other peoples goods.
Heads up, Most recessions/downturns start in the Months of September or October ..
China's courts have a 99% conviction rate.
So?
https://www.sharetrader.co.nz/showth...The-Real-Story
How about NZ's court system which allows baby killers to go free because the killers are protected by the wall of silence, and other baby killers take their cue and kill more babies and children.
https://www.nzherald.co.nz/nz/news/a...ectid=11608055
Brace yourself for when the Dow opens tomorrow :
https://www.investors.com/market-tre...220&yptr=yahoo
"Dow Jones futures fell sharply Monday afternoon, along with S&P 500 futures and Nasdaq futures. On Sunday, President Donald Trump went ahead with new China tariffs on $110 billion worth of imports, including some Apple (AAPL) products for the first time. Beijing retaliated, further escalating the China trade war."
https://www.scmp.com/news/china/dipl...any-trade-deal
"Chinese state media and government advisers have said Beijing is in no rush for a trade deal, instead warning that any concessions made to the United States would be a grave error."
And they are absolutely right. Caving in to Trump would only lead to further blackmail from the bully in charge.
While I don't particularly like Xi's undemocratic and oppressive government - I can absolutely understand their stance in this particular matter. The only thing they can do is hold their position and wait for the bully to go away - be it thanks to elections or thanks to the biological solution.
I think as well that this would be an opportunity for the still honorable governments in the world to hold together against the crook in the white house.
Agreed. Only China now stands between the world kowtowing to the US and Trump.
Sadly for the rest of the world, Trump is a reflection of where the US as a country (and people) are at - bully boys who have been living off the hard work & toil of other countries by borrowing trillions of dollars (because they still can) to fund their purchases of goods & services made & provided by others (including the wretched migrant workers doing all the menial & dirty jobs in the US), and then threatening and waging wars on other countries to protect their 'right' to loot from other countries.
Come on balance, that's just whataboutism. You are better than a 50 cent army troll.
A 99% conviction rate means there is no system of justice in China, period.
The real bully is China. They steal technology and rig the game so they always win. You have been around long enough to remember Lion Nathan, Rakon and Fonterra's expansions in China to name but 3 local disasters? China doesn't play remotely fair and haven't for 30 years.
US imports from China are 4.5x what China imports from the US. The CCP have messed up badly to let things get so out of whack. No large country would tolerate that forever.
https://www.census.gov/foreign-trade/balance/c5700.html
Disregard Balance on this - he is far from his name when it comes to China. Maybe he is fully paid up in the biggest mass murderer of all times fan club? 万岁 毛主席
"Both Hitler and Stalin were outdone by Mao Zedong. From 1958 to 1962, his Great Leap Forward policy led to the deaths of up to 45 million people – easily making it the biggest episode of mass murder ever recorded"
I don't think China forced the US to import (buy) their stuff.
China had stuff that the US wanted to buy at a price they wanted to pay.
The US had little that China wanted to buy or charged too much.
Again - the US didn't have to buy China's stuff, it was their choice.
Dr. Marc Faber, the investment guru, concluded his monthly bulletin with the following comments :
The federal government is sending each of us a $600 rebate.
If we spend that money at Wal-Mart, the money goes to China.
If we spend it on gasoline it goes to the Arabs.
If we buy a software, it will go to India.
If we purchase fruits and vegetables, it will go to Mexico, Honduras and Guatemala.
If we purchase a good car, it will go to Germany and Japan.
If we purchase useless crap, it will go to Taiwan or Korea.
In short, none of it will help the American economy.
The only way to keep that money here at home is to spend it on
Guns:t_up:, whores:t_up:, Opioids:t_up:, Beer:t_up: and Wall Street scammers:t_up:
since these are the only products still produced in abundant quantities in the US!
Agreed and equally it's the US's choice to impose tariffs to discourage Americans from buying from China
Note, also the US (and others) has plenty of things Chinese people do want to buy but China forces joint ventures (diluting the US benefit) with compulsory techology transfer (long term loss), steals or makes it hard to buy.
Eg most of China runs on pirated Microsoft software. https://fortune.com/2018/11/02/ballm...windows-piracy
Eg2 Every major western internet company is blocked in China for reasons of protecting domestic companies.
Eg3 government run anti foreign product campaigns dissuade the purchase of foreign cars and other high value goods.
Eg4 the whole daigou industry wouldn't exist if it was easy to sell foreign products in China.
And if you have a dispute with your Chinese partner, try taking them to court... Oh wait nevermind.
NZ and Australia imposed exactly the same conditions from the 1950s to 1980s (40 years) on any companies wanting to sell products or services in both countries.
Result - crap cars, crap clothings, crap TVs & radios, crap furniture, crap banking system etc etc at horrendous prices!
Question - why did NZ & Oz do so badly and why are the Asian countries (especially China) able to do so well with these products & services?
Answer - Make America Great Again! :t_up:
Protectionism needs a large donestic market to be effective. You are finally on to it though, protectionism has not produced Chinese cars, consumer goods or construction standards of high quality! Their banking system is also a ticking time bomb, they just had a huge blow up in peer to peer lending that destroyed many people's life savings and led to large protests that had to be suppressed with force.
Those are China's choices to make but don't expect the rest of the world to just accept them. In an interdependent world the choices you make have consequences.
No reply to those 4 examples then? Or the earlier one about NZ companies?
I don't get a vote in US elections, but I'm quite a fan of Elizabeth Warren. Sorry to be the one to break it to you, but she's looking even tougher on China than Trump.
https://www.cnbc.com/2019/07/30/cram...han-trump.html
Hope your Chinese contract works out well balance.