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A pack of cards
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Posted by Armchair Critic, Friday, 15 July 2022 8:58:30 AM
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Hi Foxy,
"To ensure its economic recovery China should assist these countries and improve its relations with its biggest export destination - the United States." China does assist many countries in development of infrastructure. http://theconversation.com/china-is-financing-infrastructure-projects-around-the-world-many-could-harm-nature-and-indigenous-communities-168060 The US does not deliver any infrastructure to any other country. They keep their status as leader of the 'free world' by conducting overthrows of other countries, making wars and trying to drag others down. Why would China assist the US in any way when the US acts against Chinese interests? http://news.yahoo.com/china-loan-pacific-island-nations-1-billion-124948819.html http://www.skynews.com.au/australia-news/defence-and-foreign-affairs/united-states-to-announce-88-million-in-funding-for-pacific-islands-to-increase-presence-amid-chinas-growing-influence/news-story/6e28d1445df022fd39c4305340bc6292 China-Laos high-speed rail project expected to boost bilateral trade http://youtu.be/wv39-3akgeU Posted by Armchair Critic, Friday, 15 July 2022 9:17:25 AM
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Hi AC,
Thanks for the links. I'm still learning. Posted by Foxy, Friday, 15 July 2022 9:34:06 AM
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AC,
That was my error, the $1T is correct. However, the trade surplus is not a good thing in itself. A country in an economic boom time will often be in a trade deficit as it buys machinery and materials. The import of iron ore and production of steel are at record lows as the demand for construction etc falls. Russia has a fantastic trade surplus, however, this is also largely due to its inability to buy anything. China at least doesn't have a hugely expensive war to fight. (and lose) Posted by shadowminister, Friday, 15 July 2022 2:48:37 PM
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https://www.youtube.com/shorts/uwpqz40huWk
A Russian jet is being destroyed by a sidewinder. Posted by shadowminister, Friday, 15 July 2022 3:46:18 PM
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FYI
From the ABC https://www.youtube.com/watch?v=MFoK4cyDfL0 Posted by shadowminister, Saturday, 16 July 2022 5:22:12 AM
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- Thats 100bn a month, not a year
http://www.usnews.com/news/business/articles/2022-07-13/china-trade-surplus-surges-to-record-as-exports-accelerate
"China’s monthly trade surplus soared to a record $97.9 billion in June as exports picked up after the easing of anti-virus controls that shut down Shanghai and disrupted trade."
So that's over a trillion trade surplus a year.
http://www.thebalance.com/u-s-trade-deficit-causes-effects-trade-partners-3306276
The annual trade deficit for 2021 was $859.1 billion, according to the U.S. Bureau of Economic Analysis (BEA).
China actually became global world hegemon years ago.
The west is sliding further backwards.