China has no money to fulfill the trade agreement with U.S./ Carlos Pueblo

 China has no money to fulfill the trade agreement with U.S./ Carlos Pueblo

There is an article appeared on a newspaper about China Misses Target In 2020 Trade Deal which has been brought into my attention. My conclusion is that China has no money to fulfill the trade agreement with U.S. China is a poor and developing nation with a huge population, Chinese love to exaggerate their wealth in order to save their face, and  finally Chinese government has never obey the law. They don't mean what they say in every way.

At the peak time of Sino-U.S. trade war, Trump posted a 10% import tax on Chinese goods and threaten to raise up to 25% on every items coming from China in order to improve the trade deficit. China sent its vice premier Liu He to D.C. in 2020 to sign a trade deal to slow down the tariff. More than a year passed, there is a report out and we see the progress, the percent of phase one target, 2020-2021 that  75% Agricultural, 50% All goods, 50% Manufactured, and 25% Energy. China is simply can't make it. There are several crisis in China now such as foods, power, and the Wuhan Corona Virus Pandemic in need of vaccine. 

The trade war has dragged Chinese economic into bankruptcy. Factories have been closed,  workers are laid off, teachers and public servants paid reduced, etc. Its proudly GDP decreased. Chinese are facing a hard time.

I use my common sense to make my judgement on China. Chinese GDP per capita is very low while its GDP number is the second next to the U.S. Per capita means a number of share split around the total population. You can't say that your GDP is high; therefore, you're rich. I see many You Tube video programs that Chinese cities are very poor, poorer than Taiwan in the late 40's, not to mention current day U.S., U.K., France, Japan, and Germany, etc.

Chinese Xi, the national leader, must pay more attention to improve the welfare of Chinese now instead of attempting to be a President for life. Stop flying war planes around Taiwan to intimidate Taiwan and the area peace. Save every penny to improve Chinese average living.