Re:China Begins to Question Whether It’s Ready for a Trade War
by WillEngler on Tuesday June 26, 2018 @11:32PM
(#17405585)
"If you owe the bank $100,000 the bank owns you. If you owe the bank $100,000,000 you own the bank." Not a perfect parallel to this situation, but a nice aphorism.
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Re:China Begins to Question Whether It’s Ready for a Trade War
by peterlk on Wednesday June 27, 2018 @12:26AM
(#17405742)
This is simply not true in when both countries can print currency, and the global markets are heavily reliant on the value of those currencies.
Re:China Begins to Question Whether It’s Ready for a Trade War
by api on Wednesday June 27, 2018 @12:17AM
(#17405715)
A similar way of looking at it that I've heard: The USA got hundreds of billions of dollars worth of manufactured goods and raw materials, while China got hundreds of billions of rows in a SQL database.
Of course that analysis leaves out the skills, experience, and intellectual property they also got. That's more significant than dollars.