Message from @Seven Proxies

Discord ID: 623589501847076867


2019-09-17 18:38:00 UTC  

An economy which is soon to overtake the American one?

2019-09-17 18:38:02 UTC  

They're hurting like hell due to the economic sanctions imposed on them by the U:S

2019-09-17 18:38:04 UTC  

With nearly double the population?

2019-09-17 18:38:20 UTC  

The U.S could kill china with one single trading embargo

2019-09-17 18:38:25 UTC  

And a government with basically supreme control over every aspect they want.

2019-09-17 18:38:33 UTC  

*Right*

2019-09-17 18:38:42 UTC  

Yet they haven't, because they can't.

2019-09-17 18:38:50 UTC  

Now we're talking fantasy as you mentioned earlier.

2019-09-17 18:39:09 UTC  

They haven't because China is mostly a nuisance at the moment. Not an actual threat.

2019-09-17 18:39:24 UTC  

If you believe that, then you're deluded.

2019-09-17 18:39:30 UTC  

I see that you don't really have the insight of what the Chinese economy is built upon.

2019-09-17 18:39:37 UTC  

China is the biggest threat to A. America and B. The West.

2019-09-17 18:40:04 UTC  

They're spreading their influence around the world like wild-fire

2019-09-17 18:40:20 UTC  

Debt diplomacy is working for them very nicely in Africa.

2019-09-17 18:40:41 UTC  

Influence backed by the American economy, because the Chinese are still allowed to hawk their cheap crap to american customers. Therein lies their problem

2019-09-17 18:40:45 UTC  

They have a near monopoly on rare earth metals.

2019-09-17 18:41:01 UTC  

Good luck producing all those fancy phones when you can't buy the raw resources for them.

2019-09-17 18:41:11 UTC  

You can't pose a threat to the U.S if you're indirectly dependant on the U.S customer base

2019-09-17 18:41:31 UTC  

Something which is rapidly changing

2019-09-17 18:41:49 UTC  

A. The American customer base dependency and B. The export focus.

2019-09-17 18:42:02 UTC  

No it isn't. As the recent trade war has clearly shown where the Chinese yuan is dropping in value much faster than the U.S dollar is.

2019-09-17 18:42:08 UTC  

China is moving away from mass-exports for the very reason you said.

2019-09-17 18:42:19 UTC  

If China was "overtaking" the U.S economy, it would've been the other way around.

2019-09-17 18:42:36 UTC  

No, not at all.

2019-09-17 18:42:43 UTC  

They're moving away for the very reason you mentioned earlier.

2019-09-17 18:42:53 UTC  

They want stability, first and foremost.

2019-09-17 18:43:15 UTC  

"Joseph Stiglitz, the Nobel laureate in economics (who was a professor at Stanford during my Stanford years) says in his new article "World has much to learn from China's new economic model" that China is employing a "new economic model" to move away from export-led growth that other East Asian countries have pursued. China recognizes that things that worked in other countries may not be suitable to China's unique situation. "

2019-09-17 18:43:26 UTC  

"They're moving away". I don't care. They haven't moved away yet. Their economy is still grossly dependant on cheap mass exports. Whatever cute plans the chinese might have will not help them TODAY.

2019-09-17 18:43:53 UTC  

They started this in around 2011

2019-09-17 18:44:12 UTC  

And your argument "we could cripple China by doing X", I don't care about that

2019-09-17 18:44:14 UTC  

Yeah and their projects necessary to make this economic shift will take decades.

2019-09-17 18:44:18 UTC  

Because it's not realistic.

2019-09-17 18:44:23 UTC  

Something that won't happen.

2019-09-17 18:44:35 UTC  

You'll NEVER see an embargo against China.

2019-09-17 18:44:39 UTC  

Or something of that nature.

2019-09-17 18:44:47 UTC  

It will happen if China were to actually pose a threat to the U.S. Which they're not.

2019-09-17 18:44:47 UTC  

Like I said earlier, you're talking about fantasy.

2019-09-17 18:45:23 UTC  

You severely underestimate China.

2019-09-17 18:45:54 UTC  

No I'm just saying what the current situation looks like.

2019-09-17 18:46:06 UTC  

You don't even know what the current situation looks like.