Re:China’s Economy to Reap Benefits That Once Flowed to U.S
by nicodjimenez on Tuesday December 25, 2018 @01:33PM
(#18758598)
Free trade is good but it takes two to tango. The tariffs are simply reciprocation for unfair trade practices by China - not to mention industrial espionage at unprecedented levels.
Also there’s more than just economics at play. China has recently become a brutal, oppressive dictatorship. Xi is doing the opposite of what allowed China’s economy to growth at an incredible pace (the growth is thanks to Deng’s policies), but Xi looks like a genius due to recency bias. He will not look like such a genius in ten years.
I feel sorry for the Chinese people. They deserve better.
Also there’s more than just economics at play. China has recently become a brutal, oppressive dictatorship. Xi is doing the opposite of what allowed China’s economy to growth at an incredible pace (the growth is thanks to Deng’s policies), but Xi looks like a genius due to recency bias. He will not look like such a genius in ten years.
I feel sorry for the Chinese people. They deserve better.