Kim Perales on Nostr: China's economy is in trouble, that's likely left their leaders weakened. 2nd #China ...
China's economy is in trouble, that's likely left their leaders weakened.
2nd #China Shock: Trade surpluses like this can’t be explained by compar. advantage. CN's govt is directing its banks to loan vast amounts of$ to MANUs, & paying them tons of subsidies +a FIN factor -prevents CN’s currency from appreciating & allowing Chinese ppl to buy more imports -govt is doing intentionally, or a natural outgrowth of CN’s econ. difficulties.
Trump's #tariffs: a concern.
#USPol https://www.noahpinion.blog/p/the-pettis-paradigm-and-the-second
2nd #China Shock: Trade surpluses like this can’t be explained by compar. advantage. CN's govt is directing its banks to loan vast amounts of$ to MANUs, & paying them tons of subsidies +a FIN factor -prevents CN’s currency from appreciating & allowing Chinese ppl to buy more imports -govt is doing intentionally, or a natural outgrowth of CN’s econ. difficulties.
Trump's #tariffs: a concern.
#USPol https://www.noahpinion.blog/p/the-pettis-paradigm-and-the-second