Observing
stressed Chinese Economy/Carlos Pueblo
It takes a
while for me to understand the reason why a backward China can
create an
economic phenomena in less than 40 years period and also takes
a while for
me to see how China expert’s prediction of the fall of its economy
by observing
stressed Chinese Economy. First of all, how the Chinese lure the
foreign
capital; secondly, how do they invade and manipulate the pattern;
then, how
the Communist regime abuse the custodian funds and create the
stressed
situation; finally, how the United States respond to the crisis.
During the
80’s, China opened its border and provided some opportunity for
foreign investors
to bring in capital to build factory to manufacture various
product to
export to the other nations mainly the U.S. In the result, there has
been many
traditional industry out of their business in the U.S. as well as in
Taiwan for
instance. Many people are out of employment.
Through a
complicate policy for the foreign investors, for example, 50% plus
Ownership for
the native Chinese in order to get the favorite deal, in expensive
land deal,
cheap labor, and relax tax deal and foreign exchange, etc. I have read
books and
watched Youtube report to see the winners and losers i.e. that 50%
plus partner
gets a help from the local authority to confiscate the property with
no reasons
provided.
The second complicate policy is the control of
foreign exchange, the export
payment of
foreign currency must be changed to Chinese currency under the
regime’s
custodian until the necessary request from the owners. Beijing’s
regime think
such funds are their wealth and spend freely, i.e. in the military
expenditure
to show off their weaponry strength and threaten the peace of
neighbors. I
can see the in balance of their governmental budget and witness
the
Communist’s tactic to forfeit the private property by all means, i.e. tax
evasion,
etc.
For decades,
the U.S. business have lost their pattern and business by the
fake Chinese
product due to the Chinese pirate edition of products. In the
result,
there are large un-employment and the scale is as large as the metal
industry of
textile industry. Recently, I watch the steel and aluminum tariff
posted by
the Trump administration and suddenly realize that the U.S. is
forcing
China to come to the trade table to discuss issues of trade in balance
such as the
pattern protection, etc.
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