• Chinese think tank warns US it will emerge as loser in trade war
    30 replies, posted
[QUOTE=Swebonny;24955738]You got to be kidding me. I wonder who has "baseless opinion", the one that state the cold hard facts or the one that twist them with some "theoretically convert its industrial infrastructure to manufacture". NO that's not the case. What I showed you is how it looks like now, in real life. Also why you don't assume that China can do the same thing regarding super-conductors and other imported goods, if USA stops to trade with China? China is the biggest exporter in the world. China has other countries to export goods to. Also, my post was aimed towards Gordy.H's ridiculous claim that Australia, Japan and USA is feeding China. While in the real case, China has the biggest agricultural value of over 500 billion dollars. And exports 2.5 percent of the agriculture products it produce. I don't find relevancy in bringing some cosmetic maker or soup maker into this. And no, they aren't [B]one hundred[/B] years behind USA. That's just childish.[/QUOTE] You presented a large amount of statistics. Your analysis of them was wrong. Trade deficit is not an indicator of a country's industrial capacity. Just because the United States consumes more than it produces, doesn't mean that it doesn't produce more than anyone else. The fact is, Americans can afford to buy the products they make, the Chinese are just beginning to see this phenomenon occur. The first American industrialist to put this philosophy into practice was Henry Ford, when he began to pay a wage of $5 a day in 1914. So sorry, 96 years would have been more accurate. My point with the soup and lipstick was that in the few areas in which our economies overlap, we out produce China in a big way. This is all economics 101. If I can make 15 widgets an hour or 13 fucks an hour and you can make 12 widgets and 9 fucks, I'm better at making either one. However I should make fucks and you should make widgets because you're proportionally even worse at making fucks than you are at making widgets. Now replace me with the United States, you with China, widgets with shoes, fucks with oil well drilling equipment, and you'll start to understand how international trade works.
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