Biden's Gamble
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Hi David,
there is something I don't understand.
In my view (and in what Xi says) it appears that China is not trying to expand its philosophy outside of its borders, it does not appear to be expansionist and does not try to interfere in other countries' internal kitchen. They have often mentioned in the past, when pointed fingers at, that they don't want other countries to comment on their internal affairs and they don't do it themselves to other countries.
Listening to Biden and to many commenters on this forum, it seems people are concerned China will dominate the world, will impose its regime everywhere and will treat everyone bad. (Basically replicating what the US has been doing for…
Dear David,
Sorry for asking an irreverent question.
It looks like China is for real going to save its economy.
Is it reasonable to put position this theme now or later?
In addition, would you suggest investing in A share, HK or US/EU's China proxy names, and why?
In addition, once China growth rise, will global inflation stay longer?
Cheers,
James
The people surly want world peace. The countries with the most resources, including people, best educated productive work force will one day prevail as the biggest economy. On the way, world peace and order are imperative. Decoupling from China, isolating China encouraging conflict with China or any country serves what purpose. Spending on defence takes away from eliminating poverty, investment in removing carbon from the atmosphere and is comparatively wasteful.
So what if in the future power is more evenly distributed. ....like the outcome from the just run American election.
The global economic elites still want to deal with China $$$. A lot of them are mostly in Europe. If Xi lets them make money there then we will all follow along with our masters and go with China. If Xi cuts them off at the knees then we will decouple. The economic elites still want to deal with them, the populist people don't want to deal with them. The populist people have finally figured out how many good jobs that have been lost in the last 30 years! The populist people don't want to work at Cinnabon at the mall anymore. Walmart is losing its appeal, even in Arkansas.
I’m a bit more optimistic. I thought last week that Dems and Republicans were trying to out-do one another on who could be more anti-China. I think the midterm results showing strong preference for moderates (evidenced by MAGA crowd underperforming but DeSantis crushing estimates) shows that the electorate DOES become more informed day by day, and just a bit smarter each day also to avoid the worst case scenario outlined here. But I’m grateful for blogs like these which educate me to start that process.