Huawei Beyond Smokescreen

The issue of Huawei first floated when the Chairman’s daughter, who is also the CFO of Huawei, was arrested in Canada. The Americans claimed that she has violated sanctions and wanted her to be extradited to US for trial.

This is not the first time Americans had extended its legal arms outside of its country’s boundary. Huawei is not an American company. Why should it be subjected to American political sanctions? It was not very clear why American government wanted to do that at the very beginning. But later on, it becomes clear that the Americans have reverted back to their dirty tricks.

This is not the first time the American government had used its political dominance to attack foreign companies to curb their growth, or even forcing them to be sold to American companies.

Toshiba was once a fast growing Japanese company but it was targeted in the 1980s, with two senior executives jailed on the charge of selling high precision machinery to Russia. Chinese ZTE was forced to the knees with political administrative means and $1 billion fine was extorted before it was let off. There were also European companies subjected to American pressures in the past.

The coordinated attack on Huawei started from a charge of “breaching American sanction on Iran” to charge of “espionage via Huawei’s hardware”.

It is no secret that Americans have been spying on the whole world, including its allies in Europe over the past decades via communication infrastructures installed using American products or technology. Snowden had actually leaked information on how NSA spies on each and every country through the use of backdoor implemented in communication hardware.

So it is not something new but simply hypocrisy on Americans’ part in playing dirty on Huawei.

Perhaps the Americans have found out that they can no longer have an easy hack on Huawei’s equipment to spy on other countries, which is why they are making so much noise.

I would not be surprised if the Chinese government emulates what the American government NSA has been doing all this while, spying on other countries through similar method. But at this very moment, there is absolutely Zero evidence provided by the Americans except the speculative insinuation put on Huawei’s Chairman, who is an ex-PRC army personnel.
This may be one of the minor reasons why Trump wants to attack or even destroy Huawei at all cost, even if it means hurting American companies which supplied over $11 billion worth of components to Huawei.

Yes, it might be the 5G technology that they are so afraid of. But this is not only about the commercial dominance of Huawei’s 5G technology.

Ultimately, it points to military supremacy. US is able to bully its way through the world for all these decades simply because of its military supremacy. It can have trillions or zillions of deficits but it doesn’t care at all.

But Huawei’s advanced 5G technology has the potential of tilting the balance of Military strength towards China. In modern warfare, more and more sensors will be used and there will be a revolutionized war communication technology to enhance battlefront monitoring and controls.

Huawei’s advancement on 5G technology or even faster hidden technology will give PLA a boost and multi-level upgrades in war theater command and management.

This is the greatest fear of USA, a potential adversary having more advanced military communication capabilities. This is why no matter how damaging it is towards its own Americans companies, Trump has to destroy Huawei.

However, I suspect that Huawei does have the Chinese government’s support for the simple reason that it has critical technological assets that could help it modernize its military.

It is not an exaggeration for Chairman Ren to say that Trump had underestimated the strength of Huawei. This is because it would most probably had secured full support from Chinese government to protect its critical technological assets.

It would be interesting to see how Huawei could turn the table around and build up its own in-house components manufacturing capability within one year. The problems of operating systems are just smokescreen to the bigger picture.

Make no mistake about it. It is Cold War II in the making.

 

 

Goh Meng Seng

 

Sponsored Content

82 Responses to “Huawei Beyond Smokescreen”

  • C’est la vie:

    *****
    Trump shares your suspicions that Huawei has the Chinese Govt’s support and with support comes communication and with that, … cooperation. All ifs and maybes, and the US have opted to err on the side of caution and they are perfectly entitled to do so, and putting in place counter measures to facilitate this, … which they have done. Lest we forget, China has flexed their might too by arresting two Canadian nationals, allegedly, for spying.

    Besides, Ren has publicly statemented, that Huawei does not need the US, … so all these sanctions and listings shouldn’t be an issue then should it. Furthermore, Huawei have asserted that they are years ahead of the world in 5G technology, and have planned for such “interruptions/interventions” by having in place, a functioning sector where they’ll ultimately be self reliant and self sustaining in this technological sector.

    Given all that’s been said, Huawei certainly holds no fears or concerns of anyone or anything.

    Whether ones “proHuawei” or “proApple”, … one thing’s for sure, … there’ll be no winners when the dust settles.
    ***
    *****

    GD Star Rating
    loading...
  • Bad Boy:

    China also block google, facebook, Twitter, Whatsapp ( and for many years ) …..

    If you ask the PRCs honestly, your China gov block the above. They will laugh and answer thats correct.

    Anyway its between USA and China also outside of us and here. No PRCs protesting at HLP or US embassy.

    Don’t bring us in. More companies flow out of China and come back to South East Asia, i m very happy.

    What happen Mr GMS you work for Huawei or ZTE ( heard some retrenchment at Huawei )? Or your whole family bought Huawei phones? Or you are force to express 愛國 to the PRCs. Or you are invited to rally support from S. E. A

    GD Star Rating
    loading...
  • What's the big deal?:

    huawei and trump?

    it is no big deal when compared with esteemmed Dr Tan CB PSP coalition toppling clown pap.

    when clown pap is toppled, New Government forms, and new agc new cpib new bank negara new spf all now, finally, doing their duty in looking at any wrong doing by pap clown and pap clown wife and their S$m gang.

    That, when it happens after GE2019, is the big deal.

    GD Star Rating
    loading...
  • smlj cold war:

    Trump is the one the world had been waiting to come. Good job Trump! LOL!

    Sg is lucky that they dont have a claim in the South China Sea conflict.

    China now a bit too much and yaya and many times unreasonable. Demanding this and that from the world and SE Asian countries for example wrt relationship with taiwan. This should not be misread as sugging to the US but just careful not to speak to easily in favour of China. China can be the real pain in the ass. They are dictating what South Asia must do things their way like the case of the conflict in SCS and they are right all others are wrong.

    Have we not read about incidences of China using their citizens to punish other countries by not allowing them to visit these countries as tourists if China felt that it been had offended them for the slightest non issue, petty matter. S Korea had at one time on the receiving end when China ban its people from visiting these countries and stirring their chinese people to stop using and buying S Korean products and stuff like that.

    AND the hacking into our public health care data base. It was reported that some ‘State Backed’ org were responsible. Can we suspect which country is behind the hacking of our public health care data base? Talking or writing out of points here? …you say lah!

    If I am the garment of SG I will be very careful when talking to China and the US at this point in time. Dont kay kian say the wrong things?

    GD Star Rating
    loading...
  • patriot of TUMASIK:

    Lie Con You once claim that the CIA spied on Singapore…what secrets is there for the CIA to spy on???… Maybe the secret recipe of “Mee Siam Mai Hum” not found in his wife’s’ cookbook leh!!! that only an IDIOT will eat the Son

    GD Star Rating
    loading...
  • Slap that bully:

    The government is the key fake news maker.

    Remember the Mother of all Wars, weapons of mass destruction, this referring to some fake nucleus or chemical Bomb facilities to bluff its own citizens and its allies to send their kids to War with Iraq.

    The US action lately is like a big bully. Pulled out of the Iran nucleus deal, suppressed NKorea even though they complied with their nucleus deal, suppressed China from rising, bullies its way to the G7 summit.

    I hope one day, the whole world, its allies will pull out from the USA.

    GD Star Rating
    loading...
  • Haigen-Diaz:

    Canada’s current house arrest of Hauwei CFO Meng Wanzhou undertaken at the behest of the Trump Administration and then neither supported with any follow-up guidance nor even with information as to the status of American extradition intentions. Now, Canada is left hanging without resolution but with significant economic and diplomatic sanctions imposed upon it by China.

    In this contretemps, Canada’s bigger problem is with the United States than it is with China. With friends like the United States under the presidency of Donald Trump, neither Canada nor any US allies need any enemies.

    Pointing to facts and statistics won’t change President Trump’s mind, nor his supporters. Because this trade war isn’t about economic reality. Like everything about President Trump, it’s about rage, perception, and telling his supporters what they want to hear.

    This is the same thinking that fueled their invasion of Iraq. Let’s see how long this trade war last how it might even escalate into a real war.

    GD Star Rating
    loading...
  • Bad Boy:

    https://www.businessinsider.my/major-us-tech-companies-blocked-from-operating-in-china-2019-5/amp/
    Here are all the major US tech companies blocked behind China’s ‘Great Firewall’

    GD Star Rating
    loading...
  • Smokescreen is Beyond Huawei:

    Article 7 of China’s National Intelligence Law does stipulate: “Any organization and citizen shall support, assist and cooperate with state intelligence work in accordance with the law, and keep the secrets of national intelligence work known to the public.

    中国《国家情报法》第七条确实规定:“任何组织和公民都应当依法支持、协助和配合国家情报工作,保守所知悉的国家情报工作秘密

    Article 10 writes that the state intelligence work agencies use the necessary methods, means and channels to carry out intelligence work at home and abroad according to their work needs.

    第十条写道,国家情报工作机构根据工作需要,依法使用必要的方式、手段和渠道,在境内外开展情报工作

    Article 14: National intelligence agencies may request relevant agencies, organizations and citizens to provide necessary support, assistance and cooperation.

    第十四条,国家情报工作机构可以要求有关机关、组织和公民提供必要的支持、协助和配合

    https://www.rfa.org/mandarin/yataibaodao/zhengzhi/ql1-12072018100022.html

    GD Star Rating
    loading...
  • TruBlu:

    White Men still think HIGH N MIGHTY of themselves.
    Trump is just an Orange-head grandpa.
    The world is changing fast.
    Lets just say,THERE WILL BE MORE CIVILISATION seen in Asia than in Mickey Mouse country going forward,give and take 15 years from now.

    It was the WHITE MEN like Levis Strass,the HP n their compatriots who went to Chinamen country to ABUSE CHEAP LABOUR n started 20/30 yearsagowhat they term as GLOBALISATION?

    Now,the Giant Panda has awaken and learn fast n the white men are not happy ASIANS are doing a LEAP-FROG CATCH-UP?

    Lets face fact,MIGHTY USA IS IN MIGHTY DEBT N IT IS A HEAP OF DEBTS THAT IS NOT EASY TO CLEAR.

    Americans are a duluded lot much like the Great Brits were till tbey realise they are no more great.
    Yea,* Make America Great AGAIN*?
    ISNT THIS STATEMENT TELLING US MIGHTY USA IS NO MORE great???

    Trump is too arrogant for his own good.
    He would be better off fondling some beautiful young things in Malibu Beach or some other DREAMY PLACES?

    AMERICA IS NO MORE GREAT.
    ONLY LEE AH LONG THINKS SO?
    Thats why he offended the Giant Panda when even long-time Micky’s ASIAN ALLY’S PRESIDENT went to KI$$ GIANT PANDA’S ARSE???

    HUAWEI WILL BE BIGGER THAN APPLE.
    APPLE WILL SLOWLY BE A PASSING FAD.

    Still in Sin City, some idiotic MATHEMATICIAN thinks he can do *MAGIC*?

    STOOPID!

    GD Star Rating
    loading...
  • UniQ:

    THE SUPPORT OF SOCIALIAM AND COMMUNISM OF TAN KIN LIAN AND GOH MENG SENG IS FRIGHTENING TO SAY THE LEAST

    GD Star Rating
    loading...
  • UniQ:

    THE SUPPORT OF SOCIALISM AND COMMUNISM FROM BOTH TAN KIN LIAN AND GOH MENG SENG IS FRIGHTENING TO SAY THE LEAST!!

    GD Star Rating
    loading...
  • I am a big bully, so what?:

    Instead of directing their vast annual budget to nation building and advancement of cutting edge technologies, US decides to squander their billions trying to be the policemen of the world. They waste all that money maintaining nearly 800 military bases in more than 70 countries around the world. How have the American people benefited from this course of action? Imagine if just half of that money is used to build infrastructures and cutting edge technologies, wouldn’t Americans be better of?

    Today, they have been left behind in cutting edge technologies and super-fast trains, to name a few. (Believe fastest train in US is about 80 mph!. So what happens? They become enraged, envious, annoyed, jealous when other countries move ahead. Anything they do not like suddenly becomes “a threat to national security” and any country that does not “kowtow” to US becomes an enemy.

    And so they tell the world especially China – what we cannot do, you cannot do! What we cannot have, you also cannot have!

    GD Star Rating
    loading...
  • Flabbergasted:

    Just pray that the f..king bapuk and his useless generals will keep their f..king big mouths shut and not offend China.

    GD Star Rating
    loading...
  • HarderTruths:

    Every nation spies on every other nation. So what?

    Are you suddenly taking sides because of same vague moral dilemma?

    Get real.

    GD Star Rating
    loading...
  • Haigen-Diaz:

    Let’s keep the big picture in mind. American businesses and consumers have benefited mightily from US-China trade over the past three decades. Likewise for American companies invested in China. Asia has enjoyed an unprecedented prosperity and stability.

    US companies have for many years gone into deals with China, fully aware of the risks to their intellectual property and forced tech transfer terms. This is not a shock to anyone who does business in China. It’s part of the price of entry. Every US company operating in China signed contracts that stipulated technology transfers and a commitment to sell the same products they make in China to the Chinese market. How’s it theft when it’s in the contracts negotiated voluntarily and agreed to by US companies? If the technology transfers were objectionable or unacceptable, why didn’t US companies just walk away?

    The US approved the Patriot Act in 2001 to “legally” allow increased access to information & communication systems suspected of being used for terrorist activity and yet the definition of terrorist activity is remarkably loose. Don’t think for a minute that the US intelligence agencies are not contemplating or even acting on security issues with Qualcomm and the like, the way they claim that
    the Chinese act with Huawei. It is the height of arrogance for the US Government to take high moral ground here, given their history of counter-intelligence forays into regime change around the world.

    True, the Chinese government needs to be called out for their strategies of tilting the playing field to their advantage, but it was US companies, over the past few decades, who transferred factory production to China, in the name of cheap labor. Certainly Huawei has benefited from the Chinese Government’s subsidies and protectionist practices, but what have American companies like Qualcomm, AT&T, and Verizon been doing in the meantime?

    We should not get spun up by an Administration that doesn’t know what it is doing from one day to the next. One of big changes in the Chinese-American equation is the anointing of Xi Jinping as president for life. This gives China a consistent, long-term thinker at the head of their state-driven economy. Meanwhile in the U.S., we are experiencing political whiplash as Democrats and Republicans battle it out in endless elections. It’s no wonder US trade policy towards China has been inconsistent. While I think Trump is the worst president ever, I support his attempt to get China to the negotiating table on better terms. If his team doesn’t screw this up to get the boss a win for the election, it’s going to take a long time to sort out.

    GD Star Rating
    loading...
  • HarderTruths is smokescreen:

    Every nation spies are professional, paid or volunteered, not ordinary citizen or laws that can force any Huawei’s China manager/engineer to spy.

    Please don’t try to smokescreen.

    “Citizens should not have the obligation to help government intelligence personnel collect intelligence. China’s “Intelligence Law” legislation has problems: “You should be a full-time, your country’s intelligence agency, your country’s security agency has this responsibility, The subject of collecting intelligence should only be a member of the national intelligence agency, and cannot extend him to any individual citizen or enterprise. He is not obliged to collect intelligence for your country.”

    公民不应该有帮助政府情报部门工作人员搜集情报的义务,中国《情报法》立法,存在问题:“你应该是专职的,你这个国家的情报机构,你这个国家的安全机构才有这个责任,承担搜集情报的主体,只应该是国家情报机构的人员,不能把他扩展到任何一个公民个人或者一个企业。他没有义务为你国家搜集情报。

    GET REAL !!!

    HarderTruths:
    Every nation spies on every other nation. So what?

    Are you suddenly taking sides because of same vague moral dilemma?

    Get real.

    GD Star Rating
    loading...
  • Diaz another smokescreen:

    Was it just about “contracts negotiated voluntarily … technology transfers”??? nothing else ‘involuntarily’ ?????

    Sure “US … history of counter-intelligence forays into regime change around the world.” but forcing US citizen to be part of it ?????

    Sure “Patriot Act … allow increased access to information & communication systems…” but a law forcing US citizen to be part-time spy ????

    So what’s the real problem ?

    The real problem is Trump had shown main street American people what can be done. He did what all previous presidents thought was unthinkable. Yet US economy did not tank but instead got better.

    If China does not correct their ways, the next POTUS will still be Trump. And the next one after that will have no choice but to act like Trump.

    Think carefully.

    Haigen-Diaz:
    Let’s keep the big picture in mind.

    How’s it theft when it’s in the contracts negotiated voluntarily and agreed to by US companies? If the technology transfers were objectionable or unacceptable, why didn’t US companies just walk away?

    The US approved the Patriot Act in 2001 to “legally” allow increased access to information & communication systems suspected of being used for terrorist activity and yet the definition of terrorist activity is remarkably loose.

    We should not get spun up by an Administration that doesn’t know what it is doing from one day to the next.

    GD Star Rating
    loading...
  • You TruBlu or TruRed ?:

    who opened the door to let in the WHITE MEN?

    STOOPID!

    TruBlu:

    It was the WHITE MEN like Levis Strass,the HP n their compatriots who went to Chinamen country to ABUSE CHEAP LABOUR n started 20/30 yearsagowhat they term as GLOBALISATION?

    STOOPID!

    GD Star Rating
    loading...
  • Partial truth?:

    Let not get involved in this spat.

    All kind of comments from prc. When fake news of panasonic also cut off huawei, alot of screwings.

    After official panasonic clarification, suddenly u turn alot of praises and some even suggest to give award.
    What the fish, not too long boycott japan this japan that.
    Now japan good friend.

    I second your comment bad boy, prc 真是漢奸本色.

    GD Star Rating
    loading...
  • 海里浪涛涛:

    很明显的,吴明盛是要告诉大家,这次平果和谷歌沦为特郎普打击华为的工具的这一事实,结结实实的向全世界宣告他们违背了公开公平的原则。

    事缘平果和谷歌的发展,是很多人很多方面在公平和公正公开的基础上的成果。虽然现在大家都衣赖平果和谷歌很厉害,但看到华为现在的处境,还有谁敢完全信任这些人和这个国家?

    长远的角度来看,美国,平果,谷歌会越来越不重要。

    GD Star Rating
    loading...
  • oxygen:

    THE ARREST OF HUAWEI “PRINCESS” IS POINT BLANK POLITICAL KIDNAPPING – she was NOT on US or Canadian soil.

    And now the assault on Huawei is an extension of that rogue political agenda.

    People forgot these.

    Paul Krugman, distinguished economist: Americans make a living selling each other houses, paid for with money borrowed from the Chines

    https://www.ipe.com/the-dollar-is-our-currency-but-its-your-problem/25599.fullarticle

    At the G-10 Rome meetings held in late 1971 Connally, Treasury Secretary, Nixon Administration, proclaimed to his astonished counterparts, “The dollar is our currency, but it’s your problem,” having the intended consequence…..

    IN OTHER WORDS, THE US IS LIVING BEYOND ITS MEANS, IMPORTING FOREIGN GOODS AND SERVICES PAYING FOR WITH US DOLLAR right from its printing press. They and only they can do so because of GLOBAL CONVERTIBILITY OF US DOLLAR.

    The US dollar will forever depreciates in value, the rest of the world is paying for its ever expanding consumption greed endless.

    WHO IS THE ECONOMIC THIEF FOR MORE THAN HALF A CENTURY?

    Please ask GONAD (lumpar) Trump, the kidnapper cum extortionist blackmailer reality tv President.

    HE HAS FARKED UP THE WHOLE WORLD BEYOND HUAWEI.

    GD Star Rating
    loading...
  • Boh Chee = Human Nature:

    @ 海里浪涛涛:

    Not true !

    Many companies not USA also cut huawei. ARM england company biggest shareholder softbank.

    China companies copy alot and dont bother to pay royalty. Even our creative also kena. As other comment u reap what u sow. Nothing wrong.

    I m more interested and eager to see spare tire from huawei ?

    GD Star Rating
    loading...
  • oxygen:

    @ Diaz another smokescreen?

    WHILST THE FUTURE IS SPECULATIVE, the US economy is NOT getting better.

    US manufacturing activity dives to more than 9-year low on trade war worries, survey shows

    https://www.cnbc.com/2019/05/23/us-manufacturing-activity-dives-to-more-than-9-year-low-on-trade-war-worries-survey-shows.html

    JP Morgan slashes second-quarter GDP forecast to just 1%

    https://www.cnbc.com/2019/05/24/jp-morgan-slashes-second-quarter-gdp-forecast-to-just-1percent.html

    We are NOT YET even midway up the escalator of full-blown trade war.

    Diaz another smokescreen: The real problem is Trump had shown main street American people what can be done. He did what all previous presidents thought was unthinkable. Yet US economy did not tank but instead got better.

    If China does not correct their ways, the next POTUS will still be Trump. And the next one after that will have no choice but to act like Trump.

    Think carefully.

    Me thinks the full-blown trade war will permanently destroy a lot of US tech and Chinese corporate sector. A lot of hardship struggle for the world – no winners, all losers. The debt leverage – public and private will decimate US, much less China because Chinese will stop bankruptcy lawsuit inside China but US can’t inside US. China no election. US election fight among themselves. Like Vietnam war, they will lose in protracted struggle.

    GD Star Rating
    loading...
  • oxygen:

    @ Diaz another smokescreen

    OF COURSE in the event of a full-blown trade war just lasting months, IT WILL BE A NIGHTMARE FOR LEE-jiapore – PART OF OUR ECONOMY WILL ALSO BE DECIMATED….jobs gone forever, property market collapse and social instability on the street escalating.

    I DONT WANT THIS TO HAPPEN.

    GD Star Rating
    loading...
  • Kudos to pap:

    @ “”" Imagine if just half of that money is used to build infrastructures and cutting edge technologies, wouldn’t Americans be better of?

    Today, they have been left behind in cutting edge technologies and super-fast trains, to name a few. (Believe fastest train in US is about 80 mph!. So what happens? They become enraged, envious, annoyed, jealous when other countries move ahead. “”"

    Kudos to pap. Pap doing exactly what u mentioned. Vote pap next GE.

    GD Star Rating
    loading...
  • What ?:

    @ They become enraged, envious, annoyed, jealous when other countries move ahead. Anything they do not like suddenly becomes “a threat to national security” and any country that does not “kowtow” to US becomes an enemy.

    Strangely.

    Suzhou , China bay song backstab us.

    SCS, China bay song backstab us. Terrex issue.

    Malaysia PH, bay song China previously axed 1R1B. Of course now revive ( conditions have changed ). Rumours have it China begged Malaysia not to axe 1R1B ? Fake news probably ?

    Malaysia bay song seletar airport, block airspace. Ships parked in our seas.

    Malaysia bay song Sg, always threatened to cut water supply.

    Malaysian bay song Malaysia PH, Dr M loved using us as punching bag to divert attention.

    And the list of examples go on and on.

    GD Star Rating
    loading...
  • We tiny specks of Humanity:

    “Civilizations do not clash. Only ignorance does… We are here because embedded in our human nature is the secret code for heaven’s self-realization. Heaven is certainly omnipresent, may even be omniscient, but is most likely not omnipotent. It needs our active participation to realize its own truth… Since we help heaven to realize itself through our self-discovery, and self-understanding in day-to-day living, the ultimate meaning of life is found in our ordinary, human existence… There is no question that each living creature possesses a divine spark of God; all of us, animals included, are God’s creatures. God is life and life is God. Every living creature, as a child of God, is of the highest importance, therefore.”

    [Professor Tu Wei Ming,
    Harvard & Beijing Universities]

    GD Star Rating
    loading...
  • Haigen-Diaz:

    oxygen:
    @ Diaz another smokescreen

    Me thinks the full-blown trade war will permanently destroy a lot of US tech and Chinese corporate sector.

    OF COURSE in the event of a full-blown trade war just lasting months, IT WILL BE A NIGHTMARE FOR LEE-jiapore – PART OF OUR ECONOMY WILL ALSO BE DECIMATED….jobs gone forever, property market collapse and social instability on the street escalating.

    I DONT WANT THIS TO HAPPEN.

    @ oxygen
    Bro, Excellent analysis. Empathized with your apocalyptic warnings for Singaporeans.

    Not even two months after the start of Trump’s trade wars, we are seeing companies shifting to production centers outside the US and closings of US plants, one was announced in South Carolina this week. So far, hundreds of jobs have been lost as a consequence of this stupidity. There is no sign Trump will relent.

    I would like to see a discussion of where the billions of dollars collected in US tariffs comes from and where they go. It would seem that the dollars are going to come from the consumer in that the tariff will be passed on as a higher price. Those dollars will be very similar to sales tax revenue and, hence, be a burden more on lower income individuals who use nearly all of their earnings to buy their daily needs.

    How about the costs to other countries like Singapore, especially smaller ones that cannot so easily provide their own production? In essence, tariffs like GST(are therefore a regressive tax in which our government will collect more revenue, and as a byproduct.

    Our current reliance on global supply chains means tariffs will be even more damaging to the economy than was the case in earlier protectionist eras. In part, domestic suppliers will be found to replace the imported components, but even these will charge higher prices than the previous foreign suppliers. The result will be higher costs to the consumer, and a resultant drop in economic activity.

    GD Star Rating
    loading...
  • O2 can caused smoke to screen:

    POTUS is selected by US voters not US economy.

    - The U.S. unemployment rate in April dropped to its lowest point in nearly 50 years.

    - share of Americans who say that now is a good time to find a quality job was 71 percent — the highest level since Gallup first asked the question, in 2001

    - 54 percent of Democrats and 92 percent of Republicans said they thought the economy was either excellent or good; that’s an increase of 3 points and 24 points, respectively, from April 2017.

    - 6 in 10 Americans said that they favor China changing their trade policies toward the U.S.

    Despite a character like Trump his approval rating can still hold steady at around 41% !!

    https://fivethirtyeight.com/features/is-the-economy-protecting-trump-from-a-trade-war-backlash/ (hope this is fake news)

    Btw, no election means no release valve. Things get bottled inside too long might just pop !!!

    oxygen:
    @ Diaz another smokescreen?

    WHILST THE FUTURE IS SPECULATIVE, the US economy is NOT getting better.

    US manufacturing activity dives to more than 9-year low on trade war worries, survey shows

    https://www.cnbc.com/2019/05/23/us-manufacturing-activity-dives-to-more-than-9-year-low-on-trade-war-worries-survey-shows.html

    JP Morgan slashes second-quarter GDP forecast to just 1%

    https://www.cnbc.com/2019/05/24/jp-morgan-slashes-second-quarter-gdp-forecast-to-just-1percent.html

    We are NOT YET even midway up the escalator of full-blown trade war.

    Me thinks the full-blown trade war will permanently destroy a lot of US tech and Chinese corporate sector. A lot of hardship struggle for the world – no winners, all losers. The debt leverage – public and private will decimate US, much less China because Chinese will stop bankruptcy lawsuit inside China but US can’t inside US. China no election. US election fight among themselves. Like Vietnam war, they will lose in protracted struggle.

    GD Star Rating
    loading...
  • Haigen-Diaz:

    @ oxygen

    It’s incredibly pathetic how some people are choosing to see the Trump policy of hubris and ego and calling it brilliant business acumen. The problem is not just Donald Trump; it’s the larger Republican political apparatus that makes a conscious decision to collaborate with him. What all this tells us is that Republican positioning on economic policy has been in bad faith all these years.

    By imposing tariffs, breaching agreements, and otherwise breaking with their allies, they will lose the trust that took years to build carefully and will be much weaker for it. Trump also seems incapable of grasping the complexities of international relationships in any matter including trade. The question is: Can Trump sustain a global trade war and win?

    After all, the US is responsible for less than 10% of global trade nowadays. There are two possible outcomes from the current situation. First, US major trading partners capitulate and accept Trump’s demands. Highly unlikely. Second, US trading partners resist unreasonable ultimatum and find ways to fill the trading gap left by US imports/exports. More likely.

    Trade protectionism is the instrument of third world countries not of a superpower. There is a good article in The Guardian about the trade deficit with China.

    https://www.theguardian.com/business/2018/jun/03/china-has-funded-us-spe...

    Make no mistake: Trump’s strategy is a sign of weakness not strength. Countries that resort to protectionism normally do so for one of two reasons: to assist the development process when they are on the way up and to slow the pace of decline when they are in relative decline…But the prime reason why the US is running such a sizeable trade deficit is that the opening of the global economy has allowed US corporations to outsource production to where it is cheaper, which is why the rust belt has been hollowed out.

    Trump’s trade policies, which are founded on his utter ignorance of how international agreements actually work, will indeed produce the same kind of fruit that he is growing with North Korea. Trump has already completely backed off of his preconditions for meeting Kim. That’s giving Kim a huge win, for which we got nothing at all in return. North Korea will never give up its nukes.

    GD Star Rating
    loading...
  • oxygen:

    @ 02 can caused smoke to screen

    Mate you are right on some irrelevant facts. Trump elected by voters, not economy and unemployment is record low, and is popularity poll constant at 41%.

    THE TRUTH IS THAT NONE OF THESE OBSERVATIONS SUSTAINS THE DAMAGE AND SURVIVABILITY OF BOTH US AND CHINESE ECONOMY DISRUPTION.

    OBAMA brought most of the unemployment down b4 Trump ascended. Politician assessment of current US economy is past tense and rhetorical – the impact of trade war is FORWARD AND FUTURE.

    American says good time to get a job? but this is NOT SUPPORTED BY ECONOMIC STATISTICS.

    O2 can caused smoke to screen: POTUS is selected by US voters not US economy.

    - The U.S. unemployment rate in April dropped to its lowest point in nearly 50 years.

    - share of Americans who say that now is a good time to find a quality job was 71 percent — the highest level since Gallup first asked the question, in 2001

    - 54 percent of Democrats and 92 percent of Republicans said they thought the economy was either excellent or good; that’s an increase of 3 points and 24 points, respectively, from April 2017.

    - 6 in 10 Americans said that they favor China changing their trade policies toward the U.S.

    Despite a character like Trump his approval rating can still hold steady at around 41% !!

    https://fi

    Here is some more hard numbers,

    Durable-goods orders slump in April as business investment almost dries up

    https://www.marketwatch.com/story/durable-goods-orders-slump-21-in-april-and-business-investment-almost-dries-up-2019-05-24

    US new home sales fall by most in four months in April

    https://www.ft.com/content/4e6776ee-7d63-11e9-81d2-f785092ab560

    AHEAD OF FALLING INTEREST RATES.

    2-year, 10-year Treasury yields see steepest daily fall in nearly 5 months as trade-war fears spook

    https://www.marketwatch.com/story/10-year-treasury-yield-tumbles-to-18-month-low-on-trade-jitters-global-growth-concerns-2019-05-23

    And if you followed financial market, you would notice bond yield have fallen over the last 6 months, rising US$, Japanese Yen, rising gold and rising US equities (due mainly to share buybacks and a raging tech sector now severely disrupted in trump war on Huawei.

    The ravaging damage is still to come.

    THE ECONOMIC PAIN WILL DRIVE TRUMP OUT OF OFFICE. XI JIPING WILL STILL BE AROUND AS LONG AS HIS MORTALITY LASTS. He promised the next LONG MARCH. Can US, debt ridden to the eyeball last that long?

    GD Star Rating
    loading...
  • oxygen:

    @ Haigen Diaz

    I STRONGLY SUSPECTED THAT TRUMP PLAYED HIS LAST CARD and forced into overnight retreat.

    Haigen-Diaz: Make no mistake: Trump’s strategy is a sign of weakness not strength.

    Trump claimed Huawei is ‘VERY DANGEROUS” to US economy and militarily. Overnight, he backpedaled telling to tell the world thatt Huawei can be part of the solution!!

    In other words, he is trading us national securities in exchange for a trade deal!!

    He ran out of less onerous option of bargaining chip. By threatening Huawei, the Chinese play their silent card. Mnuchin can come to Beijing anytime, our door is always open. Bring us YOUR PROPOSAL OTHERWISE TALK TO YOURSELF! We,China is walking in a different direction – our next Long March is about to begin of protracted warfare.

    Trump backed off the next day on Huawei. He can now proceed on to the 2020 election with the Chinese not talking and going on to their long march and BOTH ECONOMIES IN SHAMBLE AND GLOBAL ECONOMY IN TATTERS.

    Remember this fact, world trade VOLLUME is growing FASTER than GDP growth. What will happen to GDP growth globally when volume of world trade shrinks?

    I SHUDDER TO THINK OF THE CONSEQUENCES FOR ALL.

    GD Star Rating
    loading...
  • oxygen:

    @ Haigen Diaz

    MATE, this dissenting voice blogger @ 02 can caused smoke to screen is CORRECT of this observation,

    O2 can caused smoke to screen: POTUS is selected by US voters not US economy.

    BUT WHAT HE GOT IT WRONG is that most of the voters, like investors in financial market, ARE STUPID of their choices.

    AND FINANCIAL MARKET, particularly the bond market, is right of views that TRUMP AND HIS POLICY IS STUPID OF ECONOMICS and political realities – the decision capitals from Sydney, Tokyo, Beijing, Bonn, Zurich, Hong Kong, Toronto to Seoul and Taipeh don’t have short memories or wisdom.

    They know these things

    - by US$ sole global convertibility, US have been stealing the lunch and wealth of all other productive economies around the world since half a century ago – remember John Conally said, the $ is our currency, it is your problem. A thief in extended history has no respect or deference to nor can they claims high moral thereafter

    - by buying cheap from China and incurring huge trade deficit, IT IS US HUGE ADVANTAGE OF PROFIT EXPLOITATION, the resources you saved (instead of manufacturing the same items a lot more expensively in US if feasible) can be saved AND APPLIED INTO OTHER HIGH TECH SECTOR IN US TO GROW EXPONENTIALLY FASTER THAN China or other us competitors. By wrestling with the proverbial Chinese pigs, how can the suited tie- D Trump not stained with pig’s excrement thereafter of this stupid misadventure?

    TRUMP AND HIS VOTERS BASE ARE ALL STUPID.

    GD Star Rating
    loading...
  • Haigen-Diaz:

    Trade wars aside, the mere election of Trump showed the rest of the world that almost half the US electorate is stupid and venal enough to vote for a vicious, incompetent POTUS. They’re absolutely convinced that the whole world respects them. Another 29% even believe that world leaders respect Trump. Nearly half the Americans surveyed declared themselves to be perfectly satisfied with their world standing – a 13-year satisfaction high.

    https://news.gallup.com/poll/227939/satisfaction-world-standing-hits-year-high.aspx

    As “The New Yorker’s” Jane Mayer reports, the White House and Fox News are no longer bothering to hide the fact that they are now the same corporate enterprise. Propaganda works, and it works well. So besides investigating Trump’s idiocy, Democrats should push for a Marshall Plan to rescue public education in this country, perhaps insert it in the Green New Deal as an emergency declaration to salvage America’s critical thinking skills at the same time try to save the world.

    We can add trade war economic damage to Trump’s other economic and budgetary damage:

    1. Job creation faster in Obama’s last 24 months (212,000/month) than Trump’s first 24 months (203,000/month).
    2. Budget deficit up 60% in 2018 and nearly 40% 2018-2027 vs. Obama baseline (the January 2017 CBO forecast).
    3. Number without health insurance up an estimated 7 million vs. the end of 2016, according to Gallup.
    4. Real wage growth faster in 2015-2016 (1.7%) than 2017-2018 (0.4%).
    5. Mortgage rates up nearly one percentage point since Trump was elected, from 3.5% to around 4.3% now.
    6. Stock market was up 85% in Obama’s first term and 79% in Clinton’s first term. So far, Trump is up 23%.
    7. Trump’s tax cuts favor the rich, who get a larger boost to their after-tax income. This means wealth and income inequality will be worse.

    The lasting damage such “trade belligerence” does is to US international reputation. Even if President Trump loses the election in 2020, many foreign nations will still wonder how reliable US is as partners in international agreements going forward.

    President Trump’s “success” with China is the same as his six bankrupt businesses, his defunct and disgraced “university,” the “new” NAFTA agreement, the border wall that Mexico built, the return of manufacturing to the United States, his nuclear disarmament agreement with North Korea, his 10% middle class tax cut, and on and on . . .

    GD Star Rating
    loading...
  • oxygen:

    @ 02 can caused smoke to screen

    MATE, if POTUS is selected by US voters not US economy, Gonad. Trump better pray that it is NOT the economy tail that wag the political election puppy in 2020. If economy is the driver, and US-Chinese trade tension escalate to full-blown war, lasting more than 6 months to mutual collapse into forced compromises, I am betting that GONAD TRUMP will die cawk standing in the 2020 election.

    This Reuter’s grim assessment of early stage damage to US economy is compelling read.

    Weak U.S. manufacturing underscores slowing economic growth

    https://www.reuters.com/article/us-usa-economy/weak-u-s-manufacturing-underscores-slowing-economic-growth-idUSKCN1SU1HB

    O2 can caused smoke to screen: POTUS is selected by US voters not US economy

    I offer you my supplementary thoughts in complement. Christmas is 25 December every year – immovable. Consumption share of US GDP base is 65% almost constant. If you look at the qtrly GDP numbers, the December qtr is almost always, except in recession downturn, the STRONGEST qtr and the same cyclical SLOWEST is in the March qtr. Why? After emptying their wallet/banking savings in Dec. qtr, there is no need for spending in March qtr which is TYPICALLY an INVENTORY RESTOCKING qtr replacing empty retail shelves. And that is why the June Qtr spending is important critical in moving inventory adding to manufacturing durable non-capital goods production. That is why this Reuter article reference is dead on the coffin nailing.

    Reuter :The report from the Commerce Department on Friday also showed orders for these goods were not as strong as previously thought in March and shipments were weak over the last two months, indicating that manufacturing was fast losing ground.

    The sector, which accounts for about 12% of the economy, is being squeezed by businesses placing fewer orders while working off stockpiles of unsold goods in warehouses. The inventory overhang is concentrated in the automotive sector, which is experiencing slow sales.

    THERE IS NO CHRISTMAS IN THE JUNE QTR OR THE SEPT QTR.

    Trump’s fiscal stimulus of tax cut wears off in Dec. 2018 Christmas spending has no repeat. As the global economy weakens further and (if) corroded by another 6 mths of full-blown trade war, I am predicting a steep fall-off in US consumer spending deep into 2020, MAYBE A RECESSION IN US then.

    Gonald Trump presidency must expire by then IF ECONOMY IS THE CANE.

    GD Star Rating
    loading...
  • O2 another smokescreen stupid:

    ok, let’s have it your way.

    POTUS is selected by US voters and because there are enough STUPID voters in US, Trump got elected while the economy smart as they get, can’t do jack shit.

    Savvy?

    “HE GOT IT WRONG is that most of the voters, like investors in financial market, ARE STUPID of their choices” – righto!, US voters will now listening to the the wisdom of pro-China bloggers and correct their ways.

    “US have been stealing the lunch” – US voters will now punish US for that crime by voting out Trump!

    “US HUGE ADVANTAGE OF PROFIT EXPLOITATION” – US voters are now repenting for this sin by not voting trump!

    “By imposing tariffs, breaching agreements, and otherwise breaking with their allies, they will lose the trust that took years to build carefully and will be much weaker for it” – yep ! US voters now see their errant ways and will do the right thing by voting Trump out!

    “American says good time to get a job? but this is NOT SUPPORTED BY ECONOMIC STATISTICS.” – again, Amercian voters are generally STUPID, please pay no attention to their views in the poll.

    Too much O2 will cause tunnel vision, confusion, and nausea but of course problem is definitely on the other side.

    oxygen:
    @ Haigen Diaz

    MATE, this dissenting voice blogger @ 02 can caused smoke to screen is CORRECT of this observation,

    BUT WHAT HE GOT IT WRONG is that most of the voters, like investors in financial market, ARE STUPID of their choices.

    AND FINANCIAL MARKET, particularly the bond market, is right of views that TRUMP AND HIS POLICY IS STUPID OF ECONOMICS and political realities – the decision capitals from Sydney, Tokyo, Beijing, Bonn, Zurich, Hong Kong, Toronto to Seoul and Taipeh don’t have short memories or wisdom.

    They know these things

    - by US$ sole global convertibility, US have been stealing the lunch and wealth of all other productive economies around the world since half a century ago – remember John Conally said, the $ is our currency, it is your problem. A thief in extended history has no respect or deference to nor can they claims high moral thereafter

    - by buying cheap from China and incurring huge trade deficit, IT IS US HUGE ADVANTAGE OF PROFIT EXPLOITATION, the resources you saved (instead of manufacturing the same items a lot more expensively in US if feasible) can be saved AND APPLIED INTO OTHER HIGH TECH SECTOR IN US TO GROW EXPONENTIALLY FASTER THAN China or other us competitors. By wrestling with the proverbial Chinese pigs, how can the suited tie- D Trump not stained with pig’s excrement thereafter of this stupid misadventure?

    TRUMP AND HIS VOTERS BASE ARE ALL…

    GD Star Rating
    loading...
  • BK:

    The rhetoric from China is amusing. No less that from the US.

    The ‘Clash of Civilizations’ framed by Samuel Huntington was regurgitated by Kiron Skinner of the US State Dept. According to her, this is a fight between Asian and Western civilizations. And she is black!

    And President Xi somehow found it important enough to respond to the ‘Clash of Civilizations’, calling it stupid.

    First of all, for China, most ironically, from the Communist party to try to string together some continuity of the past to the present is incredulous. The Cultural Revolution had destroyed, debased and in some cases ‘improved’ their ‘civilization’.

    An example of this need for nostalgic, insular and mythical past is the failing project called EU.

    China had benefited from WTO. And they are indeed a powerful country now. So, why do they insist on calling themselves ‘developing’ to still continue to extract concessions? While, ‘generously’ providing largesse in the One Road One Belt.

    So, yes, US is a bully. However, what US is doing is something that many other countries wanted but dared not ask. Including EU, Japan, South Korea etc.

    As others have pointed out. China had unfairly closed its doors to many countries, including many social media and tech companies. Its capital markets is a reflection of this protectionism. Unless, its capital markets change, no chance of them ever competing with the US.

    No economies are that great. But why is the US market making record highs and US dollar getting stronger? It is a basic flight to safety. As US and China tussle and EU falters. It is the transparent and open US financial markets that will gain.

    I believe that China will continue to develop and compete with the US. And in some areas will take over the US. It is a curious thing that for the first time the Huawei President explicitly said that it will never spy. Surely, this is rhetorical, but the optics needed for propaganda today will pragmatically be a strategy for 2moro.

    The change in China, will come from the more global, less fervid nationalistic business leaders that are now moving into the leadership of the Chinese party.

    GD Star Rating
    loading...
  • Diaz another smokescree:

    US breaking trust with their allies – Canada? Mexico?

    All smiling faces?
    Trump is rolling back steep tariffs on metal from Canada and Mexico
    https://markets.businessinsider.com/news/stocks/trump-tariffs-on-metal-from-canada-and-mexico-rolled-back-2019-5-1028211776

    Taiwan?
    They are complaining ?
    Taipei wooing its companies back from China
    https://www.asiatimes.com/2019/03/opinion/taipei-wooing-its-companies-back-from-china/

    The Europeans?
    US-China trade war a boon for Europe, UN study says
    https://www.aljazeera.com/news/2019/02/china-trade-war-boon-europe-study-190204182157108.html

    THE COMPLEXITIES OF INTERNATIONAL RELATIONSHIPS – damn right!!

    Haigen-Diaz:

    By imposing tariffs, breaching agreements, and otherwise breaking with their allies, they will lose the trust that took years to build carefully and will be much weaker for it.

    Trump also seems incapable of grasping the complexities of international relationships in any matter including trade.

    GD Star Rating
    loading...
  • oxygen:

    @ Bad Boy

    THAT WAS WILD SPECULATION AND DUMB ECONOMICS, you can’t be serious with this jab on GMS.

    Bad Boy: China also block google, facebook, Twitter, Whatsapp ( and for many years ) …..

    If you ask the PRCs honestly, your China gov block the above. They will laugh and answer thats correct.

    Anyway its between USA and China also outside of us and here. No PRCs protesting at HLP or US embassy.

    Don’t bring us in. More companies flow out of China and come back to South East Asia, i m very happy.

    What happen Mr GMS you work for Huawei or ZTE ( heard some retrenchment at Huawei )? Or your whole family bought Huawei phones? Or you are force to express 愛國 to the PRCs. Or you are invited to rally support from S. E. A

    Here is my take.

    oxygen: Remember this fact, world trade VOLLUME is growing FASTER than GDP growth. What will happen to GDP growth globally when volume of world trade shrinks?

    The economic multiplier works in the reverse too and much worst of impact on the downside. When you needs extra strenuous energy of bigger trade volume to sustain a smaller GDP growth, a decline will leave a bigger GDP adverse effect of multiplier. Fewer people will be employed, less spending on latest expensive $$$ digital device, a lot of manufacturing will shut INSTEAD OF SHIFTING to SEA you dream off.

    If you recall the late 1980s recession post Black October 1987 global stock market crash – the lunch time crowd in Lau Pa Sat has more hawkers and helpers than customers. No need to “chope” seats and hawkers were “soliciting” for business just like what the working girls in Geylang f-shops after hr (LOL) in recession times. There is no lunch time demand in Lau Pa Sat anymore than Geylang happy hours. (LOL).

    It is the same FLAWED ECONOMIC LOGIC as PAPpynomics POPULATION RECYCLING ECONOMICS – sure failed formula. If you pump up the population, of course the economy will grow because of higher aggregate consumption spending. BUT when RECESSION STRIKE, the gain in GDP PER CAPITA fall off per capita. POPULATION SIZE DOES NOT SHRINK, so everyone cut price/spending to survive today. Same of global economy pie, a shrinkage in China may NOT need to added capacity in SEA.

    C’est la vie: Whether ones “proHuawei” or “proApple”, … one thing’s for sure, … there’ll be no winners when the dust settles.
    ***

    @ C’est la vie is smarter and correct.

    GD Star Rating
    loading...
  • Haigen-Diaz:

    I’m no fan of China but the incompetence of this is breathtaking. Firstly Trump imposes steel and aluminum tariffs then he exempts countries who are allies but who provide 60% of steel and aluminum imports?

    Fact is, if you look at the macro level, the USA is essentially stagnated since 1978. USA economy is getting old. The ONLY reason for this ill conceived trade war is the fear that China is surpassing the U.S. in many respects. Maybe not economically yet. Economic principals don’t get lost in translation, the difference is Xi listens to his experts and Trump doesn’t listen to anyone.

    The immediate effect of tariffs is to raise the price of goods for consumers.It doesn’t prevent goods from entering the country. It’s just a tax. Now if the products hit by tariffs are already manufactured in US, the tariffs may help local enterprises sell more of their products and thus help create jobs. But no one is going to build a factory from scratch because of those tariffs; they are going to wait and see what the opportunities are before they go ahead with any project.

    Trump wants to run the nations economy like he ran his real-estate business as a system of simple transactions where if we don’t directly profit, we try to destroy the person who is profiting. He has neither the intelligence nor the humility to try and understand macro economics or international trade.

    As for foreign trade, there’s only one great truth: ‘When goods stop crossing borders, soldiers will.’ If you think the trade deficit is expensive, wait until you see what it costs to arm themselves against China, North Korea and Iran.

    Honestly, if I’m the establishment of the GOP, I’m thinking that impeachment isn’t such bad option after all. This clown could literally bring the entire global economy crashing down.

    GD Star Rating
    loading...
  • oxygen:

    @ O2 another smokescreen stupid

    AAArrghh, EXAGGERATED EXASPERATED UTTERANCE from an agitated mind. Oxy merely want to touch base with the real state of the US and Chinese economy.

    A lesser than charitable mind may wonder if your rattled screams sounds like distressed pleadings from some mad angry cut sn*ke.

    LOL.

    O2 another smokescreen stupid: Too much O2 will cause tunnel vision, confusion, and nausea but of course problem is definitely on the other side.

    Have a nice day!

    GD Star Rating
    loading...
  • oxygen:

    @ BK

    IT IS GOOD TO SEE U HERE,mate. It is true that Chinese capital market is closed to foreigners. But most critics forgot the basic truth and fact that China negotiated late and entered the WTO on 11 December 2001 on terms and rules it did not write.

    https://en.wikipedia.org/wiki/China_and_the_World_Trade_Organization

    Opening its capital market was not a negotiated term then. It is not their fault.

    BK: As others have pointed out. China had unfairly closed its doors to many countries, including many social media and tech companies. Its capital markets is a reflection of this protectionism. Unless, its capital markets change, no chance of them ever competing with the US.

    Shanghai is now talking of cooperative arrangement with LSE. The other backdoor is HKSE.

    GD Star Rating
    loading...
  • Haigen-Diaz:

    The European Union, along with Canada, Japan, and other reliable democracies, need to strengthen the ties among themselves and contribute equally to an alliance which does not depend on America as the foundation. The only thing Trump is right about is that America’s allies rely on it too heavily and need to start paying their fair share for their own security. The more they do this, the less they have to rely on a very dangerous country.

    If other members of the G7 are finally waking up to the reality that America is no longer a reliable ally with a claim to moral exceptionalism, I think this is a potentially positive thing in the long run, if they learn the right lesson. This is an opportunity for the remaining stable democracies of the world to wean themselves off of reliance on America for their security. I wouldn’t blame any (former) ally for never trusting the US again.

    It is necessary to add some specifics to the equations that only look at aggregate results. China is the primary supplier of most electronic components for the entire world. All those little parts on circuit boards come from China. Reducing their supply would be devastating to US domestic manufacturers. China is also the sole source for many specialty alloys, metals and materials. Any of them may be primary ingredients of a product or they may be essential minor ingredients that the product cannot exist without. This is also devastating. Therefore, supply disruption has the potential to cause much more reduction in commerce than price increases alone. These all put the domestic manufacturer at a tremendous competitive disadvantage. Also, do not discount the effect of loss of good will. All American businesses will get tarred with the same brush that Trump is painting the nation with.

    I don’t know about the numbers but what strikes me is that it would be a trade war between the United States and most everybody else. The US has already cut itself out of the Transpacific Partnership. Nafta is looking shaky and Canada is making deals with the Europeans, Chinese and Mexicans. China’s Silk Road initiative is moving along with European participation & capital.

    I suppose it’s within the realm of possibility that the United States could bring the rest of the world to heel but I doubt it. What have they got that can’t be gotten elsewhere nowadays? When the dust settles and the crying is over and the US wants to renegotiate trade deals who will be on its side I wonder. So much for “hegemony.”

    GD Star Rating
    loading...
  • Haigen-Diaz:

    @ BK

    Howdy, good to hear from you again.

    GD Star Rating
    loading...
  • BK:

    Hellooo @Oxygen,bro

    The reformers in China had been rather restricted and curtailed.

    Reforming its capital markets would required China to moved away from State-capitalism. And the relationship bwt the Party and corporations must be ideologically and legally separated. Intellectual property in the long run must be to China’s benefits.

    GD Star Rating
    loading...
  • oxygen:

    @ Haigen Diaz

    CAN’T AGREE WITH YOU MORE on this one.

    Haigen-Diaz: I’m no fan of China but the incompetence of this is breathtaking

    From London to NY, there is a body of unflattering opinion of him.

    Reckless: How Donald Trump’s diplomacy is inflaming the world

    https://www.theage.com.au/world/north-america/reckless-how-donald-trump-s-diplomacy-is-inflaming-the-world-20190524-p51qo3.html

    His preferred reckless unpredictability shut the door to negotiation, adding to the risks of stumbling into an accidental war neither the US nor N. Korea, Iran or China want and can afford. Kim is not meeting him anytime soon. Iran is not talking to M. Pompeo merely exchanging twitter insult with him Xi JinPing wants to walk China again on the Long March. S. MNuchin won’t be sent by Kudlow anytime soon to Beijing (invitation is open always) with fresh proposal without which MNuchin will be negotiating with himself as there is no conference table awaits his attendance. With the Chinese, Trump has discovered that there is and can be no negotiation without the table set up. Any surprise that Trump talked arrogantly with hostility that Huawei presents a threat to US economy and military security and then overnight changed his mind to include Huawei as negotiable chip in any trade deal with China. In short, he is selling out US national security in DESPERATE SEARCH for a trade outcome with China which he bitterly opposed barely 24 hours earlier. He lied to China, the world and himself to be unpredictable. The Chinese is going to leave the welcome door waiting for MNuuchin to walk in and capitulate completely. Or else Xi Jinping is gonna on the start of China’s next Long March and Trump can wait forever for his return to “kiss and make up.”

    And you are right of this one too

    Haigen-Diaz: This clown could literally bring the entire global economy crashing down.

    Trump thinks that by confrontational politics weighing against and crushing down EU, Japan, USMCA (former NAFTA) and China, US is going to rise on top of the world again. He even stupidly takes pride that the US stock market rises since he took office and these indices would have been even higher since his inauguration – if he tamed Jerome Powell. IDIOT! US equities surged because cheap money drive up speculation in share buy back – no clever economic of asset bubbling. The bond mkt tell him he is stupid – yields falling in lousy economic. With trade war, the financial mkt gonna cane him.

    GD Star Rating
    loading...
  • BK:

    Yo bro, nice commentaries as usual.

    Haigen-Diaz:
    @ BK

    Howdy, good to hear from you again.

    GD Star Rating
    loading...
  • oxygen:

    @ BK

    THANKS FOR COMING BACK TO REFRESH THE CONVERSATION. I agree with you on this point.

    BK: The reformers in China had been rather restricted and curtailed.

    I also doubt this will ever change in the forseeable future given China’s successful state capitalism model in economic transformation bringing wealth to the bulk of its masses from poverty previously.

    On this point of your observation. I am divided as I am confused of what could transpire forward, if and when, China opens up its capital market.

    BK: Reforming its capital markets would required China to moved away from State-capitalism. And the relationship bwt the Party and corporations must be ideologically and legally separated.

    I speak from PERSONAL FIRST HAND EXPERIENCE of investing into listed state-owned entities in Hong Kong. HKSE is as free of sovereign intervention as SGP,Tokyo, LSE, NYSE, ASX or TSE.

    So it is fair to say that opening up the Chinese capital market could result in Shanghai Stock Exchange modeling on HKSE – supposedly away from State capitalism and the ideology-legally separation of your proposed observation.

    TO MY SHOCK AND DISBELIEF, State-owned (with public shareholding) listed Chinese entity IS RUN WITH SILENT OVERBEARING INVISIBLE HAND INTERVENTION of State via their dominated board domination and control not quite dissimilar to any other entity listed on HKSE. One entity I bought shares in had nearly 400 million RMB in cash hoard no debt – I thought it is safe. WRONG!! Without calling for shareholders’ meeting the board suddenly GAVE AWAY 100 MILLION rmb to State-nominated and sponsored cause between two statutory announcement date. In angered frustration, I sold off this stock only to compound my pain of financial loss of noticing this listed share rocketed up after I sold out.

    If this offending entity was listed on SGX or ASX or NYSE or TSE, I would be surprised if corporate watchdog would immediately take rigorous action of protection of shareholders rights. How can BOD gave away assets belonging to shareholders without their voted consent?

    That taught me a lesson. Investing in Chinese State-owned or dominated by State board representation even on HKSE has sovereign risks. IT MAY BE LEGAL in HKSE since China dictates the law in HK or its semantic bending.

    CHINA’S CAPITAL MARKET COULD BE OPENED TO FOREIGN PARTICIPATION BUT DON’T CRY SOVEREIGN RISKS AFTER THAT.

    BUY AT YOUR OWN RISKS. No FOREIGNER is forced to. IT IS STILL CHINESE LAW.

    GD Star Rating
    loading...
  • TruBlu:

    @you Trublu or Tru Red

    Think you are stupid indeed.
    Read in full not pick n choose.
    You dont seem to even understand my whole message.

    Stoopid of you.

    GD Star Rating
    loading...
  • Haigen-Diaz:

    oxygen: Any surprise that Trump talked arrogantly with hostility that Huawei presents a threat to US economy and military security and then overnight changed his mind to include Huawei as negotiable chip in any trade deal with China. In short, he is selling out US national security in DESPERATE SEARCH for a trade outcome with China which he bitterly opposed barely 24 hours earlier.

    @ oxygen

    Excellent observation! As usual, you have offered new information, and things to explore further.

    China is today the useful enemy that “justifies” the defense budget and the national security state itself. Kristof should be more careful, not to be enlisted in the effort to drive US into such confrontations.

    The usual suspects among their national security elite are dragging the US into such vacuous confrontation with China, over every possible excuse.

    The Trump Regime negotiating with China or N. Korea for that matter, is like sending a dull grade school Kid to deliver the High School Valedictorian speech.

    GD Star Rating
    loading...
  • BK:

    @Oxygen

    Bro, u just nailed it. State enterprises run with a different KPI. And they cannot reform the capital markets with this kind of mindset. It is the whole ecosystem, and for me the start to reform the capital markets will be the start to seriously challenge US.

    The Shanghai index high was in 2007. US markets keep getting higher. This has nothing to do with trade. In these uncertain times, money will flow to where is considered ‘safe’.

    Global trade has been declining. For US about 27% of GDP. For China about 37%. The one that will suffer is EU, on the whole 82% of GDP.

    China domestic market will be a buffer in this trade war. But it is the US domestic market that is more important to the world, because of its ecosystem, a big part is its capital markets.

    GD Star Rating
    loading...
  • oxygen:

    @ Haigen Diaz

    MATE, IT IS A LOT WORST than this of your last observation.

    Haigen-Diaz: The Trump Regime negotiating with China or N. Korea for that matter, is like sending a dull grade school Kid to deliver the High School Valedictorian speech.

    The media called this dull grade school kid “Donald”, I prefer to attach this label to him instead – GONAD. His two hanging “gonads” is not found dangling between his legs, probably hidden somewhere inside his dumb skull!!

    I am of the compelling apprehension you got it absolutely right of this suspicion of “GONAD” Trump.

    Haigen-Diaz: Honestly, if I’m the establishment of the GOP, I’m thinking that impeachment isn’t such bad option after all. This clown could literally bring the entire global economy crashing down

    Why?

    U.S. growth would have contracted without trillions in government, consumer debt: Gundlach

    https://www.reuters.com/article/us-funds-doubleline-gundlach/u-s-growth-would-have-contracted-without-trillions-in-government-consumer-debt-gundlach-idUSKCN1SK2KW

    Post GFC, the US and Chinese economies, are literally running on fumes of debt borrowing. Both, in reality, is borrowing up to their GONADs to spend, creating beautiful mess of GDP growth statistics, and feeling good.

    Reality is colliding in their faces and Trump is upturn the downturn of declining two largest global economy by picking a fight needlessly with China, not counting yet Japan, EU to follow thereafter. USMCA (former NAFTA) was a small easy one of little Trump’s GONAD SHOWBIZ for the world to see and amuse. China’s XiJinPing is NO walkover.

    Gonad Trump’s little bravado of reckless unpredictability is not working -despite the political kidnapping of Huawei princess and now her daddy’s business allegedly even threatening US security but now suddenly tradeable commodity on TRUMP-MNuchin-Kudlow table. Xi Jinping removed his table, going to China’s Long March, so he won’t be negotiating with this “dull grade school kid” unless this dumb boy brings his own desperately-seeking “NEGOTIATION TABLE” to Beijing on the next everlasting “welcomed” visit.

    In LEE-jiapore, the storyline is equally amusing. Visitors to condo en bloc redevelopment were warned frightfully this – the moment you walk out of this place without booking a unit, you will regret for the rest of your life!! I think the spruiker means this – YOU SURE DIE FASTER OF BANKRUPTCY booking a condo now to enrich my commission income.

    DON’T MISS THIS CHANCE!

    GD Star Rating
    loading...
  • oxygen:

    @ Haigen Diaz

    LIKE YOU, I AM NO FAN of China. My investments, as confessed to @BK above, got screwed up by the sovereign risks of China’s State Capitalism, so I have every incentive to watch with amusement Ah Tiong land got shaken up. But GONAD’s reckless unpredictability and DUMBnomics is going to screw up the whole world including LEE-jiapore and everyone with inescapable vested interest in the continuiing health of the global economy.

    I DON’T WANT A FULL-BLOWN TRADE WAR ERUPTING and for LEE-jiapore the implications is scary of its survival chances. And for much of the rest of the world, it is WALKING BACKWARD at an escalating pace of economic decline BECAUSE TRADE has had an EXAGGERATED POSITIVE PULL FACTOR in GDP growth. A reversal must logically leave an EXAGGERATED NEGATIVE DOWNWARD FALL into unknown depth of darkness, maybe bottomless of slow death. Every asset class is over-valued to economic fundamental – WORST IN THE TWO LARGEST ECONOMY bloated with debt and beautifying mess of fake GDP growth numbers. That the bond market rally (falling US treasury yields) alongside US$, Japanese Yen tells me fearfully that the strong US equity market (shares) that its economy IS FAKE POSITIVE OUTLOOK. US tech stocks have buckled, Chinese too. Even safe haven like gold is struggling to hold despite escalation of trade war risks and Gulf war mongering from Pompei/Bolton. Property market is either cold doldrum after sinking in the last 18 months from SGP, HK, Vancouver/Toronto/Sydney/Melbourne and EU. All are just waiting to tumble like rotten fruits in a windstorm of economic hurricane blowing through.

    If I am placing my bet, I say Trump will lose the election IF A FULL BLOWN TRADE WAR erupt lasting for more then 6 months. But at what enduring costs and damage to global economy? incalculable!!

    Just look at this perverse achievement whatever his popularity poll

    - Mexico wall is stuck and he is paying
    - ban on muslim travel – he lost the legal war
    - USMCA, he gave quick concession to get its signed, out of the way, to take on China WHERE HE IS NOW STUCK.
    - NEXT STOP, EU TARIFF AND INCREASE DEFENCE SPENDING – not yet commence
    - his obstruction to justice in Mueller investigation – still waiting for possible impeachment later on
    - his cabinet was a revolving door – unprecedented scale – calling Rex Tillerson stupid as rock (and he is more stupid than a lump of poo tossed about by his own whirlwind tornado of reckless unpredictability, nobody trust him)
    - he wants J Powell sacked, this won’t happen. Financial market is caning him now
    - tariff is hitting US household inflation and farmers are groaning in bankruptcy

    WORST TO COME.

    GD Star Rating
    loading...
  • You Trublu or TruRed?:

    TruBlu:
    White Men still think HIGH N MIGHTY of themselves.
    Trump is just an Orange-head grandpa.
    The world is changing fast.This is a truism
    Lets just say,THERE WILL BE MORE CIVILISATION seen in Asia than in Mickey Mouse country going forward,give and take 15 years from now.
    These are your opinion, you are entitled to them

    It was the WHITE MEN like Levis Strass,the HP n their compatriots who went to Chinamen country to ABUSE CHEAP LABOUR n started 20/30 yearsagowhat they term as GLOBALISATION?
    The fact is still someone has to open the door to let in the white man

    Now,the Giant Panda has awaken and learn fast n the white men are not happy ASIANS are doing a LEAP-FROG CATCH-UP?
    This is your opinion, you are entitled to it

    Lets face fact,MIGHTY USA IS IN MIGHTY DEBT N IT IS A HEAP OF DEBTS THAT IS NOT EASY TO CLEAR.
    This is fact. But sovereign debt is actually exporting pieces of paper where some ‘STOOPID” country willing to trade them with real goods.

    Americans are a duluded lot much like the Great Brits were till tbey realise they are no more great.
    Yea,* Make America Great AGAIN*?
    ISNT THIS STATEMENT TELLING US MIGHTY USA IS NO MORE great???
    Trump is too arrogant for his own good.
    He would be better off fondling some beautiful young things in Malibu Beach or some other DREAMY PLACES?
    AMERICA IS NO MORE GREAT.
    ONLY LEE AH LONG THINKS SO?
    Thats why he offended the Giant Panda when even long-time Micky’s ASIAN ALLY’S PRESIDENT went to KI$$ GIANT PANDA’S ARSE???
    HUAWEI WILL BE BIGGER THAN APPLE.
    APPLE WILL SLOWLY BE A PASSING FAD.
    Still in Sin City, some idiotic MATHEMATICIAN thinks he can do *MAGIC*?
    These are all your opinion, you are entitled to them

    OK STOOPID?

    GD Star Rating
    loading...
  • oxygen:

    @ Haigen Diaz

    WHAT IS TRUMP’S DIPLOMACY? Here is his proclaimed genius.

    D. Trump :We are totally predictable. We tell everything. We’re sending troops, we tell them. We’re sending something else, we have a news conference. We have to be unpredictable.

    https://www.smh.com.au/world/north-america/reckless-how-donald-trump-s-diplomacy-is-inflaming-the-world-20190524-p51qo3.html

    Yet he & John Bolton announced this to the world.

    https://www.thenational.ae/world/gcc/us-considers-plan-to-deploy-120-000-troops-in-event-of-iran-clash-1.861283

    and this

    https://www.washingtonexaminer.com/policy/defense-national-security/trump-reportedly-agrees-to-send-more-troops-to-gulf-to-deter-iran-just-not-10k

    IT IS RECKLESS UNPREDICTABILITY in Trump’s mind but RECKLESS PREDICTABILITY on the other side of the fence.

    Trump and most of his hawks surrounding have NO CHINA EXPERIENCE in negotiation. They don’t know how the Chinese (and Japanese too) mind think.

    Trump’s clever or not-so-clever reckless unpredictability reminds me of this CAESIUM IN WATER thinking.

    https://www.youtube.com/watch?v=pWXQ2tYzJaU

    To Chinese thinking Trump’s diplomacy is like the ‘firecracker” treatment, a loud bang of explosion, shattered papers and no impact, not much different from a smelly fart.

    Chinese and Japanese negotiating mind thinks like water. The late Bruce Lee sums it up like this

    Bruce Lee: Don’t get set into one form, adapt it and build your own, and let it grow, be like water. Empty your mind; be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; you put water into a bottle it becomes the bottle; you put it in a teapot it becomes the teapot. Water can flow or it can crash. Be water, my friend.

    http://projourno.org/2012/09/be-water-maintaining-sustainability-through-chinese-philosophy/

    Trump diplomacy, I suspect, got pulled by the nose by Chinese side, agreeable to most of all US demands and just before the finale, pulled out all agreed terms in complete sudden reversal – just as when Trump announced to the world smooth progress and expecting a quick signature with Xi JinPing.

    Now MNuchin/John Bolton is stuck & trapped with this dilemma of no escape – WELCOME TO BEIJING ANYTIME – OUR DOORS ALWAYS OPEN 24/7/365, but bring your own proposal (negotiating table), otherwise no negotiation will take place.

    How can there be any “NEGOTIATION” when there is no negotiating table (your proposal in total capitulation)?

    TRAPPED CAESIUM!!

    GD Star Rating
    loading...
  • patriot of TUMASIK:

    Looking closer to HOME…Singtel bought into Thaksin’s Telco and Indonesia’s Telco…

    And the Thai & Indo Govt raised merry hell when a “Pisai” tries to Play Big

    Let the Elephant’s Rumble the only losers are the Grass below their Feet!!!

    GD Star Rating
    loading...
  • Haigen-Diaz:

    BK: The change in China, will come from the more global, less fervid nationalistic business leaders that are now moving into the leadership of the Chinese party.

    oxygen: TO MY SHOCK AND DISBELIEF, State-owned (with public shareholding) listed Chinese entity IS RUN WITH SILENT OVERBEARING INVISIBLE HAND INTERVENTION of State via their dominated board domination and control not quite dissimilar to any other entity listed on HKSE.

    @ oxygen
    @ BK

    China’s leaders swing more toward Ayn Rand than Karl Marx, that’s for sure. Losses are socialized, profits are privatized. China is not really run on anything approaching classic socialist principles.

    In China the bureaucratic game is different, due in part to the one party system. Extreme caution should be exercised when viewing Chinese government capitalism through the lenses that we view our own government and capitalist elites. The Chinese worldview and history is vastly different from our own. My speculation is that this was a situation of worried politicians over-riding the financial technocrats in the Chinese government.

    Chinese corporations have different grades of stock with varying voting rights. If shareholder rights do not include being able to exact accountability from management based on its past strategic decisions. Perhaps the volatility of the Chinese stock market is in part due to this lack of shareholder control over failed managerial actions.

    The Chinese have never voted en masse in their history. They have always been strongly attached to and tolerant of centralized power because the Qin, Han, Tang and Song dynasties brought relief from centuries of miserable wars among competing warlords. To them, centralization and forced unity have become deeply ingrained in their zeitgeist as the salvation from chaos.

    GD Star Rating
    loading...
  • Except Taiwanese:

    Haigen-Diaz:

    The Chinese have never voted en masse in their history. They have always been strongly attached to and tolerant of centralized power because the Qin, Han, Tang and Song dynasties brought relief from centuries of miserable wars among competing warlords. To them, centralization and forced unity have become deeply ingrained in their zeitgeist as the salvation from chaos.

    GD Star Rating
    loading...
  • Haigen-Diaz:

    @ patriot of TUMASIK:

    Patriot, the best part is while the white ‘Rhino’ is charging at yellow ‘dragon’, our “Pisai” FM can still tell the White Rhino to “double down”. Lol.

    patriot of TUMASIK:
    Looking closer to HOME…Singtel bought into Thaksin’s Telco and Indonesia’s Telco…

    And the Thai & Indo Govt raised merry hell when a “Pisai” tries to Play Big

    Let the Elephant’s Rumble the only losers are the Grass below their Feet!!!

    GD Star Rating
    loading...
  • oxygen:

    @ Haigen-Diaz
    @ BK

    HERE YOU GO, this is the latest update from CNBC on State Capitalism and China’s uncompromising stance on how it may “open up” its capital market.

    China is indicating it’ll never give in to US demands to change its state-run economy

    https://www.cnbc.com/2019/05/27/china-is-digging-in-its-heels-on-protecting-a-state-run-economy.html

    Just like I posited yesterday.

    oxygen: CHINA’S CAPITAL MARKET COULD BE OPENED TO FOREIGN PARTICIPATION BUT DON’T CRY SOVEREIGN RISKS AFTER THAT.

    BUY AT YOUR OWN RISKS. No FOREIGNER is forced to. IT IS STILL CHINESE LAW.

    GD Star Rating
    loading...
  • Haigen-Diaz:

    oxygen: IT IS RECKLESS UNPREDICTABILITY in Trump’s mind but RECKLESS PREDICTABILITY on the other side of the fence.

    Trump and most of his hawks surrounding have NO CHINA EXPERIENCE in negotiation. They don’t know how the Chinese (and Japanese too) mind think.

    Trump’s clever or not-so-clever reckless unpredictability reminds me of this CAESIUM IN WATER thinking.

    @ oxygen

    Just interviewed by Bloomberg: Billionaire Huawei Founder: “Even if the U.S. wants to buy our products in the future, I may not sell to them.”

    https://www.bloomberg.com/news/articles/2019-05-26/billionaire-huawei-founder-defiant-in-face-of-existential-threat?srnd=premium-asia

    The “problem” Trump sees is a false narrative: that bilateral trade deficits cause America to lose money. Trade deficits are not a scorecard anywhere except in Trump’s mind. But he has convinced voters that he is correct, and I think that is all that matters to him. It makes for a good story at rallies and the truth be damned.

    Watching Trump undermine a system of international trade and cooperation that has since 1945 lifted billions of people out of grinding poverty and given billions more access to some of the material security now enjoyed by the West is incredibly frustrating.

    Maybe this is how the long period European and American expansion, Colonialism and Post-colonialism finally ends, in a sad and bewildering downward spiral.

    Clearly the system has been weakened, the U.S. market, wealth, and capabilities are an extremely important component of the system and I agree Trump is complicit in making “the world a more dangerous, less democratic place, with trade war just one manifestation of that drive. And the eventual negative consequences for America and the world will be much bigger than anything we can capture with economic modeling of the effects of tariffs.

    There is a lot of work ahead that will require leadership that understands the problem or at a minimum stays open minded about the problem and collaborates with World Leaders. Hopefully, we can make it through the next 18 months.

    GD Star Rating
    loading...
  • Haigen-Diaz:

    @ Except Taiwanese

    China has been walking this tightrope since Tiananmen Square. On the one hand, China’s rulers want to maintain absolute political and personal control. On the other, they saw what happened in the former Soviet Union and its satellite states with command economies and didn’t want to share the same fate.

    Capitalism has been introduced sparingly in China; the acquisition of Hong Kong showed China’s leaders how prosperous a true free-market environment can be. So, over time, quite a few Chinese have tasted economic liberty. The real problem for China’s leaders is this: how much economic liberty can be enjoyed before the people demand personal liberty.

    A yearning for democracy exists among some Chinese, but a deep terror of factionalism pervades the culture. With no homegrown tradition of democracy, it is highly unlikely that the pseudo-communist government will fall and be replaced by a system that fits Western ideals.

    GD Star Rating
    loading...
  • TruBlu:

    You Trublu or TruRed?:
    May 27, 2019 at 10:33 am (Quote)
    You Trublu or TruRed?:
    May 27, 2019 at 10:33 am (Quote)
    TruBlu:
    White Men still think HIGH N MIGHTY of themselves.
    Trump is just an Orange-head grandpa.
    The world is changing fast.This is a truism
    Lets just say,THERE WILL BE MORE CIVILISATION seen in Asia than in Mickey Mouse country going forward,give and take 15 years from now.
    These are your opinion, you are entitled to them

    It was the WHITE MEN like Levis Strass,the HP n their compatriots who went to Chinamen country to ABUSE CHEAP LABOUR n started 20/30 yearsagowhat they term as GLOBALISATION?
    The fact is still someone has to open the door to let in the white man

    Now,the Giant Panda has awaken and learn fast n the white men are not happy ASIANS are doing a LEAP-FROG CATCH-UP?
    This is your opinion, you are entitled to it

    Lets face fact,MIGHTY USA IS IN MIGHTY DEBT N IT IS A HEAP OF DEBTS THAT IS NOT EASY TO CLEAR.
    This is fact. But sovereign debt is actually exporting pieces of paper where some ‘STOOPID” country willing to trade them with real goods.

    Americans are a duluded lot much like the Great Brits were till tbey realise they are no more great.
    Yea,* Make America Great AGAIN*?
    ISNT THIS STATEMENT TELLING US MIGHTY USA IS NO MORE great???
    Trump is too arrogant for his own good.
    He would be better off fondling some beautiful young things in Malibu Beach or some other DREAMY PLACES?
    AMERICA IS NO MORE GREAT.
    ONLY LEE AH LONG THINKS SO?
    Thats why he offended the Giant Panda when even long-time Micky’s ASIAN ALLY’S PRESIDENT went to KI$$ GIANT PANDA’S ARSE???
    HUAWEI WILL BE BIGGER THAN APPLE.
    APPLE WILL SLOWLY BE A PASSING FAD.
    Still in Sin City, some idiotic MATHEMATICIAN thinks he can do *MAGIC*?
    These are all your opinion, you are entitled to them

    OK STOOPID?
    ===========================================================================

    so,you are WHITE MEN’S ARSE-LICKER,I SEE.

    Or,are you as STOOPID AS ORANGE HEAD and just as foolish as him?

    so,its ok for WHITE MEN to sell *debts8 AND not play by the rules?

    you are so contradictory.

    all i am saying is the MIGHTY USA IS NO MORE MIGHTY AS BEFORE BUT DONALD STILL THINKS HIGH AND MIGHTY .

    IT SEEMS YOU DONT GET THE POINT.

    its ok with me if you choose to remain STOOPID.

    GO AHEAD.MAKE MY DAY,BODOH.

    GD Star Rating
    loading...
  • Aunty Neo:

    Quite a few comments are very agreeable.
    China is slowly opening up.
    There may be some inertia here and there but younger chinese leaders are not the same as past leaders who are more rigid

    China will gather more countries on its side as it reaches out to them.
    USA is slowly losing grips.
    If Chinese leaders can veer towards more rule-based economic practices,its influence will increase.
    Xi Jinping is a wise leader and it is quite clear he intends to build international relationships that mutually benefit China and its trading partners.

    Asia is the focus and even many big EU member countries are warmin up to the Giant Panda.
    There is no turning back.
    If Donald Trump persists in his ways, america will lose out.

    Lets see.

    GD Star Rating
    loading...
  • Except Tawian:

    China has tightened the rope for “walking” since Tienanmen Square. You got it backwards.

    HK has homegrown tradition of democracy, did you see a hundred flower bloom?

    Taiwan has homegrown tradition of democracy, any happy faces among the China’s rulers?

    The fact that there exist “factionalism” in some of the parts already means something is inherently not quite right with the whole.

    Do you see a lot troubling “factionalism” in EU, India, Indonesia, US that requires absolute political and personal control ?

    Haigen-Diaz:
    @ Except Taiwanese

    China has been walking this tightrope since Tiananmen Square. On the one hand, China’s rulers want to maintain absolute political and personal control. On the other, they saw what happened in the former Soviet Union and its satellite states with command economies and didn’t want to share the same fate.

    Capitalism has been introduced sparingly in China; the acquisition of Hong Kong showed China’s leaders how prosperous a true free-market environment can be. So, over time, quite a few Chinese have tasted economic liberty. The real problem for China’s leaders is this: how much economic liberty can be enjoyed before the people demand personal liberty.

    A yearning for democracy exists among some Chinese, but a deep terror of factionalism pervades the culture. With no homegrown tradition of democracy, it is highly unlikely that the pseudo-communist government will fall and be replaced by a system that fits Western ideals.

    GD Star Rating
    loading...
  • You TruBlue or TruRed:

    TruBlu:

    so,you are WHITE MEN’S ARSE-LICKER,I SEE.
    Or,are you as STOOPID AS ORANGE HEAD and just as foolish as him?
    TRE is not part of China (yet), so you are to be entitled to your opinion

    so,its ok for WHITE MEN to sell *debts8 AND not play by the rules?
    Your opinion entitled there too. But then the question is why would anyone STOOPID enough to buy these “*debts8″ from “WHITE MEN” who “not play by the rules”?

    you are so contradictory.
    all i am saying is the MIGHTY USA IS NO MORE MIGHTY AS BEFORE BUT DONALD STILL THINKS HIGH AND MIGHTY .
    IT SEEMS YOU DONT GET THE POINT.
    its ok with me if you choose to remain STOOPID.
    These are your opinion. You are entitled to all of them. Thanks heaven TRE not part of China yet. Otherwise any Winnie, Pooh or Bear might just get arrested !!

    GO AHEAD.MAKE MY DAY,BODOH.
    OK, you are BODOH ! Might even be a fact!

    GD Star Rating
    loading...
  • No Dafts or Dogs Allowed:

    Can’t differentiate walking on a tightrope and a noose around your neck. What an idiot.

    Except Tawian:
    China has tightened the rope for “walking” since Tienanmen Square. You got it backwards.

    HK has homegrown tradition of democracy, did you see a hundred flower bloom?

    Taiwan has homegrown tradition of democracy, any happy faces among the China’s rulers?

    The fact that there exist “factionalism” in some of the parts already means something is inherently not quite right with the whole.

    Do you see a lot troubling “factionalism” in EU, India, Indonesia, US that requires absolute political and personal control ?

    Disclaimer: I cannot be held responsible for the opinions above, as apparently one of my dogs has learned how to type.

    GD Star Rating
    loading...
  • TruBlu:

    You TruBlue or TruRed:
    May 28, 2019 at 10:21 am (Quote)

    ===========================================================================
    go ahead,imbecile.
    no time to fool around with a daft like you.

    i have better things to do than entertain your stoopid antics.

    idiots like you just cant get it,no matter how.

    GD Star Rating
    loading...
  • Haigen-Diaz:

    @ No Dafts or Dogs Allowed:

    Bro, tightrope walking, also called funambulism, is the skill of walking along a thin wire or rope. It has a long tradition in various countries and is commonly associated with the circus.

    @Except Tawian also got his facts wrong. The tighter the rope the better. The funambulist can also easily walk backward all the way to the starting point.

    Except Tawian:
    China has tightened the rope for “walking” since Tienanmen Square. You got it backwards.

    No Dafts or Dogs Allowed:
    Can’t differentiate walking on a tightrope and a noose around your neck. What an idiot.

    Disclaimer: I cannot be held responsible for the opinions above, as apparently one of my dogs has learned how to type.

    GD Star Rating
    loading...
  • dr chang char bor:

    @You TruBlue or TruRed:

    hey,wtf are you trying to do here?

    i dont even understand what you are driving at.

    surely,you sound like you are PAP IB.

    i catch no ball what you saying.

    GD Star Rating
    loading...
  • Self-Exclusion Order:

    No Dafts or Dogs Allowed:
    Can’t differentiate walking on a tightrope and a noose around your neck. What an idiot.

    Disclaimer: I cannot be held responsible for the opinions above, as apparently one of my dogs has learned how to type.

    No one can be held responsible for mad puppy barking.

    Mad puppy shit, definitely !

    GD Star Rating
    loading...
  • Except Taiwan:

    “China has been walking this tightrope since Tiananmen Square” means “to be in a situation where one must be very cautious”? or “funambulism”?

    Why backwards, because it is not China that has now become more cautious, but instead the people of China must now be more cautious.

    After TAM Square, the people of China must now walk a straight and narrow because all the ropes have been ‘tightened’, no more slack, no more free play – a tight and suffocating leash.

    Haigen-Diaz:
    @ No Dafts or Dogs Allowed:

    Bro, tightrope walking, also called funambulism, is the skill of walking along a thin wire or rope. It has a long tradition in various countries and is commonly associated with the circus.

    @Except Tawian also got his facts wrong. The tighter the rope the better. The funambulist can also easily walk backward all the way to the starting point.

    GD Star Rating
    loading...
  • No Dafts or Dogs Allowed:

    Yalor…only a ‘psycho’ would want to find fault with a puppy.

    Self-Exclusion Order: No one can be held responsible for mad puppy barking.

    Mad puppy shit, definitely !

    GD Star Rating
    loading...
  • Haigen-Diaz:

    Don’t think for once that Chinese do not wish to have the rights and the freedom of speaking out on corruptions, favoritism, oppression, despotism, and all the ill that come with society. As long as the Han citizens of China, who constitute China’s majority, continue to advance in material living standards, they will side with their central Communist autocrats and view any challenges to their rule as a direct threat to their own well-being.

    As for the Internet and social media, the Chinese are developing very sophisticated surveillance systems. Facebook, YouTube and Twitter are all banned in China. On BBC news.com and english.aljazeera.net, all videos about the Arab revolutions are blocked or blanked out. English texts are intact, since most Chinese are not proficient enough to read them. Try search on Baidu.com or Google with a “sensitive” Chinese term like “jasmine” returns a blank.

    The majority of Chinese people are not yearning for the freedom that you envision for them. Ah, they want a corruption free government; and like all peoples around the world, they want their government to be responsive to their needs, wants, demands and desires – quite often to the exclusion of other people’s wants, needs and desires. This is human nature.

    Every year China sends tens of thousands of students to America and Australia to study. And, they do study, out performing their American counterparts in everything. Each year, tens of thousands of students return to China. They talk about the excesses of America; not the democratic freedoms you cherish so much and believe that they should too.

    Right now, the Chinese students in America are eating the American student’s lunches. When you figure out why that is happening, you may then have a better understanding of China and Chinese culture, traditions and history.

    I lived in China for seven or more years and generally, the people I met were happy with their lot in life and definitely, life in China is improving for the vast majority of its people.

    Except Taiwan:
    “China has been walking this tightrope since Tiananmen Square” means “to be in a situation where one must be very cautious”? or “funambulism”?

    Why backwards, because it is not China that has now become more cautious, but instead the people of China must now be more cautious.

    After TAM Square, the people of China must now walk a straight and narrow because all the ropes have been ‘tightened’, no more slack, no more free play – a tight and suffocating leash.

    GD Star Rating
    loading...
  • oxygen:

    @ Haigen Diaz

    COULD IT BE DUE TO ENVIRONMENTAL CONDITIONING and because China is the place to make money?

    Haigen-Diaz: Every year China sends tens of thousands of students to America and Australia to study. And, they do study, out performing their American counterparts in everything. Each year, tens of thousands of students return to China. They talk about the excesses of America; not the democratic freedoms you cherish so much and believe that they should too.

    Those who went to USA, Australia etc, and returning, are from far wealthier families, found their pathways to success and wealth – even if the place is corrupt of nepotism which enables them to thrive to begin with. They know they can’t move the TAM mountain and maybe it is better of their own power and wealth accumulation that be even solidified of freedom challenge from any qtr. I understand that in China, what you study in university is NOT FREE ELECTED CHOICE, you are allocated to study what field the State commands you, disregarding your aptitude, interest or even real capacity to strive successfully.

    AND THAT IS ONE BIG MOTIVATION their parents sent them abroad. If freedom of choice (of education and life options) is not their interest of returned “tortoise” (as they call it), why left for distant shores. Choice must be made under constraints and every choice delimits future choices. Having had their choices of foreign education, did they forgot that value of freedom choice they got but most of their peer can only envy?

    In my roaming years in Ah Tiong land, much shorter than your extended life experience I must confess, I met young Chinese too. They gone on to uni. in China and wants to become a police constable!! I asked why? He said, power and money flow in the same direction!!! Ha Ha Ha, I laughed.

    Back to thread topic. US trade negotiator forget their own history. Current stoush of trade dispute originates from Chinese ascension to the WTO negotiated between Charlene Barshefsky and Mdm Wu YI. Barshefsky kicked Wu Yi for “theft of intellectual property” and she got this kick in her a*se.

    C. Barshefsky, Lead US trade negotiator, WTO :If Chinese are thieves, then Americans are robbers. Just look at your museums, many of the artefacts were robbed from China.’

    https://www.scmp.com/article/421098/crisis-cruncher-who-leads-pack

    Chinese students and tourists visiting US museums ( and EU too) pay entrance fee to enjoy their own culture and history!!

    GD Star Rating
    loading...
  • Dear TRE Moderators:

    Don’t know to laugh or to cry, isn’t it?

    You now see 1st hand why some quarters vehemently oppose online censorship?

    And what a difference, just one single word can make !!

    But I think I will laugh …. ha ha ha ha ha ha ha ha ha !!

    No Dafts or Dogs Allowed:
    Yalor…only a ‘psycho’ would want to find fault with a puppy.

    Self-Exclusion Order: No one can be held responsible for mad puppy barking.

    Mad puppy shit, definitely !

    GD Star Rating
    loading...
  • Dear TRE Moderators:

    ok ok , Got an idea to help your thankless but critical job. Really understand your difficult balancing act with utmost respect and gratefulness.

    What about this?

    ========================

    No one can be held responsible for mad puppy after fully grown, barking.

    Mad puppy after fully grown shits, definitely!

    =========================

    GD Star Rating
    loading...
  • Except Taiwan:

    Haigen-Diaz:
    As long as the Han citizens of China, who constitute China’s majority, continue to advance in material living standards, they will side with their central Communist autocrats and view any challenges to their rule as a direct threat to their own well-being.

    just like prisoners choosing better prison food over being crushed by tanks?

    And if the job of prison guards or the special privileges of some chosen prisoners are challenged, why is that not a direct threat to their own well-being?

    As for the Internet and social media, the Chinese are developing very sophisticated surveillance systems.

    massive and sophisticated surveillance on their own people because their own people is a direct threat to their own people’s well-being?

    The majority of Chinese people are not yearning for the freedom that you envision for them.

    not only no yearning but fatally allergic to freedom that requires blocking or blanking of Arab revolutions, “jasmine”, bedtime story about teddy bears, etc etc?

    Right now, the Chinese students in America are eating the American student’s lunches.

    If Chinese students are fed by American students, that’s good. That’s fair competition, the hallmark of western democracy. Definitely better than hungry at home.

    Just don’t bite the hands that feed, too often or too hard. It might just slap you in the face!

    I lived in China for seven or more years.
    Not Taiwan.

    GD Star Rating
    loading...
  • No Dogs or Dafts Allowed:

    Don’t need to. That’s because you are stupid. Know when you attack someone with vicious description, you will be annihilated. Need me to teach you, you canine pig? Hahahaha…..

    Dear TRE Moderators:
    Don’t know to laugh or to cry, isn’t it?

    You now see 1st hand why some quarters vehemently oppose online censorship?

    And what a difference, just one single word can make !!

    But I think I will laugh …. ha ha ha ha ha ha ha ha ha !!

    GD Star Rating
    loading...
  • oxygen:

    Oops, sorry everyone, wrong attribution of this comment.

    Charlene, Barshefsky, top lead US trade negotiator, WTO : If Chinese are thieves, then Americans are robbers. Just look at your museums, many of the artefacts were robbed from China.’

    should read as

    Wu Yi, top Chinese trade negotiator, WTO : If Chinese are thieves, then Americans are robbers. Just look at your museums, many of the artefacts were robbed from China.’

    GD Star Rating
    loading...
  • Haigen-Diaz:

    oxygen: COULD IT BE DUE TO ENVIRONMENTAL CONDITIONING and because China is the place to make money?

    @ oxygen, I couldn’t have agree with you more. Need to post this last comment before the thread runs out. The other column by “world citizen” is a good fodder for discussions about the topic.

    My city, Suzhou, is probably not a good example as progressive urban planning seems the rule here rather than the exception but I have spent much time and energy with the balinghou and jiulinghou (80′s and 90′s young people) and find both troubling materialism and a deep desire for a new and more balanced way forward.

    The struggle for survival is a daily one for many, including large bands of the emerging middle class. Consumerism is not yet rampant but the younger, of the “jiulinghou” generation (i.e., those born after 1990) are aware of western ideas of “freedom” and how things like blocked access to Facebook in China represent limitations on what could be their freedom (not to imply that Facebook is the ultimate desire of young Chinese, but being cut off from it is a symbol of something their government is doing wrong).

    As this generation grows up, China’s leaders will face another class of problems, those associated with maintaining a coherent leadership for the country while allowing for more individual freedoms and dealing with environmental (and other) serious problems.

    I anticipate some rough seas ahead for Chinese society, but in 15 to 20 years we will see a nation that has successfully navigated those seas and that continues to hold its appropriate place as a great, world-influencing power – and this will be all to the good for everyone.

    GD Star Rating
    loading...

Leave a Reply

 characters available

Member Services
Self-SupportMembers Login
Sponsored Advertisement

Search On TR Emeritus
Sponsored Advertisement

Most Recent Comments
  • Haigen-Diaz: Rabble-rouser: Cont’d.. Bertolt Brecht “Would it not be easier in that case for the government to...
  • oxygen: @ genX TO AVOID DOUBT, PLEASE SUPPLY us your Singapore property price index for the last 15 years to show...
  • teh susu: @TruBlu: June 19, 2019 at 9:16 pm (Quote) {yada,yada,yada…PAP GAHmen takes good care of our children! whoa!...
  • Harder Truths: If you want adult slaves you need to make sure the slave children grow up. How is this related to...
  • tan kin lian, what a pea brain: the victor gets to rewrite history. as soon as OPPO alliance topples clown pap, all...
  • tan kin lian, what a pea brain: don’t be so ffffing stupid, tan kin lian. there is no such thing as pure...
  • genX: property market will sustain despite what some doom-sayers claim. more foreign investors like those from HK N...
  • opposition dude: Children may be treated well here but come on, how many nations in the world treat children really...
  • TruBlu: so,GMS,you think MPs or LAWMAKERS should not conduct themselves like mere VILLAGE HEADS WHO.LIKE MY...
  • TruBlu: yada,yada,yada…PAP GAHmen takes good care of our children! whoa! really? LEE AH LONG shud be awarded...
  • oxygen: @ Rabble-rouser ME LIKES YOUR GOBSMACKING EXALT ECONOMIC LECTURE in illuminating easy-to-comprehend format in...
  • Talk Kok LP: But who outside the party selected the communist party to lead the country? Within the communist party,...
  • MarBowling: Great BUT sarcastic comments by GMS! To add to his sarcasm, Think AP Faishal is more like a high class...
  • self style internet mp wannabe: Where to start? Which route to take? Praise Goh for saying and writing stuffs that in...
  • Ocbc bank GLRC kena use: Sg gov should assist us since the mkt is bad now.
  • the good the bad N the ugly: first the good…then the bad…now the ‘ugly’. SG had them...
Announcements
Advertisements
Advertisements
Visitors Statistic
Latest Statistic