Related to this and the censorship story already on the front page: China is censoring internal news about these trade controversies. From family over there I know that the general public isn't seeing this on TV or anything. And even messages on WeChat are being taken down (my wife has had several private postings removed)
https://weibo.com/ttarticle/p/show?id=2309404369575977348865 This is from People' s Daily (the most official state-owned paper) on Sina Weibo (Chinese Twitter) in the early morning of May 8th, the most popular social media in China, and the commentator of this article is believed to be the direct voice from the politburo, the highest leadership of CPC.
Related to this and the censorship story already on the front page: China is censoring internal news about these trade controversies. From family over there I know that the general public isn't seeing this on TV or anything. And even messages on WeChat are being taken down (my wife has had several private postings removed)
https://weibo.com/ttarticle/p/show?id=2309404369575977348865 This is from People' s Daily (the most official state-owned paper) on Sina Weibo (Chinese Twitter) in the early morning of May 8th, the most popular social media in China, and the commentator of this article is believed to be the direct voice from the politburo, the highest leadership of CPC.
Added: I really do not know why so many people are claiming that this piece of news have been censored in China, I saw the coverage at noon on May 7th on many mainstream medias, and every move from the U.S were also reported, along with every response from the press briefing of Chinese diplomat department. The latest coverage of it is also from People' s Daily about China' s retaliation response: https://weibo.com/2803301701/HtiphBxKZ , it was referenced and reported by all major mainstream medias i follow, so what did I miss?
His style of talking is to use simple terms even to the extent of sounding stupid to let the messages go across clearly. Trade deficits being neutral or slight bad is a niche view by a some economists. Most people view trade deficits as bad, rightly or wrongly. The word deficit, loss, and inbalance all have bad connotation. And the loss is huge, adding to a dramatic effect. He's trying to justify his action to his vo…
If the market was fair, then it's the US's fault to not make more attractive products and buy tons of stuff from China. It wouldn't be China's fault that they are successful and we are not. It would be like Obama bitching about Germany that I mentioned above. But that's not what's going on here. China is playing unfairly.
The market in regarding to China is not fair, so all is moot. Germany isn't play so fair as well [1].
https://weibo.com/ttarticle/p/show?id=2309404369575977348865 This is from People' s Daily (the most official state-owned paper) on Sina Weibo (Chinese Twitter) in the early morning of May 8th, the most popular social media in China, and the commentator of this article is believed to be the direct voice from the politburo, the highest leadership of CPC.
Added: I really do not know why so many people are claiming that this piece of news have been censored in China, I saw the coverage at noon on May 7th on many mainstream medias, and every move from the U.S were also reported, along with every response from the press briefing of Chinese diplomat department. The latest coverage of it is also from People' s Daily about China' s retaliation response: https://weibo.com/28…
My comment was based on lack of reporting up to the morning of May 7 (i.e., yesterday evening to us), when family were still saying they'd seen nothing. So maybe they decided to lift the embargo at noon as you said.
But even with that, it doesn't change the removal from WeChat private messages that my wife experienced as recently as over last night.
To me it feels like Trump did it more or less intentionally. He seem to know that behind a stone faced facade, Xi is an anxious and insecure person — the same 7th grader he was when his family was purged.
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Please don't take HN threads further into flamewar. It's what we're trying to not do here.
p.s. Could you please not routinely create accounts? That's not allowed here, except for occasionally when posting sensitive information. For more information on this, I've posted a bunch about it: https://hn.algolia.com/?sort=byDate&dateRange=all&type=comme...
I suspect Xi wants this dispute to continue for internal Chinese reasons. The tariffs impact different sectors and regions in China differently. It may be continued tariffs are reducing overcapacity in a manner that allows Xi to save face internally. It could be the tarrifs are breaking the back of powerful exporting provinces (eg. Jiagnsu) and helping Xi consolidate power. It may also be the case that things need to…
I don’t know how by cutting down exports Xi plans to consolidate power? Could you please expand on the mechanism by which this could happen? Tariffs are breaking backs of exporting provinces, may be they could be ill informed and Chinese propaganda can spin this to blame US.
The import tariffs are paid by the people inside the importing nation. A US import tax on Chinese goods is a tax on American consumers and manufacturers. The way to tax China itself would be an export tax on money bound to China, including the transfers of immobile or intangible assets to Chinese nationals or corporations via domestic exchanges or brokerages--and including the cash value of transferred intellectual p…
Taxes on transactions, such as tariffs, are almost never paid only by one side. The side with less flexibility is going to pay most of it, adjusting prices as needed to make this so. China has less flexibility. Idled factories are a huge problem, and there is no other buyer as large as the US. It is relatively easier for the US to buy elsewhere, both abroad and domestic. About 83% of the tariff burden is getting paid…
Seriously, 83%? That's insane!
Seems things are going far better in this little trade war than I was expecting. If the 17% paid by US consumers displaces other taxes, that's a huge net gain.
No, the $900K it costs the economy per job. So you are doubting the number because it's from the "liberal media"? In that case what about Forbes? https://www.forbes.com/sites/ikebrannon/2018/07/02/steel-tar...
There are far bigger reasons to doubt it, so the "liberal media" issue is moot. Not that "liberal media" isn't a fine reason, but Jeff Bezos is literally the owner of the Washington Post. He also runs Amazon, shipping lots of Chinese goods. His bias is obvious. This isn't even a political conflict along the liberal/non-liberal axis though, so Forbes doesn't change a thing. I'm sure you've heard of the uniparty, demip…
I feel like "regulatory capture to suppress competition" and libertarian mindset" don't go together all that well
Added: I really do not know why so many people are claiming that this piece of news have been censored in China, I saw the coverage at noon on May 7th on many mainstream medias, and every move from the U.S were also reported, along with every response from the press briefing of Chinese diplomat department. The latest coverage of it is also from People' s Daily about China' s retaliation response: https://weibo.com/28…
My comment was based on lack of reporting up to the morning of May 7 (i.e., yesterday evening to us), when family were still saying they'd seen nothing. So maybe they decided to lift the embargo at noon as you said. But even with that, it doesn't change the removal from WeChat private messages that my wife experienced as recently as over last night.
CCP is wise enough to know such news cannot be censored and censoring it only creates chaos and panic, my guess is it was struggling how to respond. CPC does censor the debates about it, but from it started in last year till now, every development has been reported by the official press, it has been laid low about the deal and prepared for the worst scenario, the news about the negotiations are always simple description of the events, but it never covered up any development.
They're hoping for a democratic administration in 2020 to negotiate with.
Another year and a half is a long time to make your people suffer. And a lot of the supply chains that moved out of China might not come back. Waiting is a hell of a gamble.
Plus, there's a disaster brewing with the Chinese hog epidemic . Going to be lots of starvation in a year or two.