bbstevecou

Joined 8 years ago

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Jul 30

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He's merely negotiating from a position of power; US has the biggest GDP of any country. and has the largest consumer market (12T) vs EU (9T). No country is stupid enough to not want access to this market - they might be upset for concessions. But to walk away? no way.

Comment · 8 years ago

they ARE fudging the numbers

China’s 2015 GDP Was Exaggerated By Fake Data, Analysis Shows

https://www.bloomberg.com/news/articles/2018-02-01/china-s-2...

China's average GDP growth has been roughly 30% less than reported, based on the measures of its changes in national lighting

https://www.investors.com/politics/editorials/new-study-shin...

Another Chinese city admits 'fake' economic data

https://www.reuters.com/article/us-china-economy-data/anothe...

Comment · 8 years ago

Yup, that's why China lost 3.8Trillion out of their 7Trillion wealth in the last decade. https://www.forbes.com/sites/insideasia/2017/02/22/china-cap...

And why China is in deep trouble because they have 3Trillion (supposedly) in foreign reserves, but IMF said China needs at least 2.5Trillion for normal import/export operations. So really, they only have 500B in foreign reserves. And now they're going through reserves even faster, selling dollars to prop up yuan, since yuan has now fallen 10% within the last few months.

Comment · 8 years ago

The Chinese dictatorship is literally setting up concentration camps in Xinjiang.

"Zenz’s research demonstrates that such facilities are not only of significant size, with some exceeding 10,000 square metres, but also are akin to concentration camps: Many bids mandate the installation of comprehensive security features that turn existing facilities into prison-like compounds: surrounding walls, security fences, pull wire mesh, barbwire, reinforced security doors and windows, surveillance systems, secure access systems, watchtowers, and guard rooms or facilities for armed police."

https://www.lowyinstitute.org/the-interpreter/xinjiangs-tran...

It's pretty disgusting how another previous thread https://news.ycombinator.com/item?id=17645273 has people wanting 'new leadership from China' to lead the world