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Singapore Urges U.S. to Accept China's Rise, Spare Other Nations

bloomberg.com

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Re: Singapore Urges U.S. to Accept China's Rise, Spare Other Nations

#51

Post by apexalpha »

rgbrenner wrote: post #5

China is highly unlikely to undermine the U.S.-led global system given it has been one of its biggest beneficiaries, Balakrishnan said. They undermine it every day they refuse to allow free trade. The US and others spent a lot of resources building the free trade system of the world... and China wants the benefits of selling into that global market, while reserving their own market for themselves. Every day they are…

The "free trade" the US propagates is horrible for anyone not in the top 20% of society. Your manufacturing business has been decimated, many people outside coastal areas have been seeing declining standards of living.

Even the EU has many import tariffs to protect its own industries from unfair competition from China and others.

Why should someone who makes bikes in the EU compete with someone who does it for $0,50 an hour in Vietnam or who knows where?

Protecting your own markets is the sensible thing to do. Any country with a decent industrial policy does it.

Re: Singapore Urges U.S. to Accept China's Rise, Spare Other Nations

#52

Post by ionised »

Tepix wrote: post #29
PunchTornado wrote: post #16

Earlier quoted context omitted.

how is china a closed market? germany sells plenty of cars there...

They force foreign manufacturers to create local businesses with 50% chinese share.

That's just common sense for a developing economy.

Re: Singapore Urges U.S. to Accept China's Rise, Spare Other Nations

#53

Post by nailer »

As someone who watches the very unusual moderation of China-critical comments on HN (+3 one moment, -3 a few hours later) I'm wary of a political piece praising China hitting #1 on HN.

I also don't see the value of Singapore - which is openly anti democratic (https://www.huffpost.com/entry/singapore-challenges-democrac...) providing advice here - as the same concerns about authoritarian corruption that apply to China also apply to Singapore.

Re: Singapore Urges U.S. to Accept China's Rise, Spare Other Nations

#54

Post by baybal2 »

chvid wrote: post #25

As others has observed the economies of USA and China are tied at the hip. China sells goods cheaply to USA and takes the dollars it makes and invest in US treasuries. This keeps inflation low and keeps interest rates low. And allows the US to maintain an unnatural high living standard with low savings and asset price inflation. The central bank may be able to compensate from the lack of Chinese buying but it is an u…

Very true, given that a great many of Chinese goods are just Taiwanese/Japanese/Korean parts "put in plastic" in South China

Re: Singapore Urges U.S. to Accept China's Rise, Spare Other Nations

#55

Post by PavlovsCat »

infinity0 wrote: post #43
Teever wrote: post #18

Earlier quoted context omitted.

They aren't stopping other countries from doing the same yet . And the reason for that is that they are still the underdog so it makes sense to turn a blind eye to their domestic industries violating American IP laws. Just like it makes sense for the US to enact and attempt to enforce restrictive IP laws on a global scale. Make no mistake once China ascends they will enforce their will on the world just like the US h…

This is the type of comment that really indicates an immensely ignorant oversimplified misunderstanding of the complexity of the Chinese political situation. China has overthrown harsh rulers many more times than the US has, even taking into account the latter's short and young history. The last time was in 1912, and very plausibly arguably 1949 too. (The Nationalists were pretty bad, objectively speaking.)

I wanted to reply, it said comment deleted, I reload the page, there it is again, 0 minutes ago. Nice one deleting your comment because it garnered downvotes, just to post the exact same comment again.

"the complexity of the Chinese political situation" = "China has overthrown harsh rulers many more times than the US has" is itself a simplification.

https://vimeo.com/44078865

So is this video, it's also a simplification, but more importantly, it's one of several lines in the sand: China aside, I don't want that where I live. Period. Western companies have already started to censor themselves to not offend China, and this must stop.

Re: Singapore Urges U.S. to Accept China's Rise, Spare Other Nations

#56

Post by ulfw »

rgbrenner wrote: post #5

China is highly unlikely to undermine the U.S.-led global system given it has been one of its biggest beneficiaries, Balakrishnan said. They undermine it every day they refuse to allow free trade. The US and others spent a lot of resources building the free trade system of the world... and China wants the benefits of selling into that global market, while reserving their own market for themselves. Every day they are…

I'm sorry. US? Free Trade? Huh?

Have you noticed who is in government over there right now?

Re: Singapore Urges U.S. to Accept China's Rise, Spare Other Nations

#57

Post by mistermann »

chvid wrote: post #25

As others has observed the economies of USA and China are tied at the hip. China sells goods cheaply to USA and takes the dollars it makes and invest in US treasuries. This keeps inflation low and keeps interest rates low. And allows the US to maintain an unnatural high living standard with low savings and asset price inflation. The central bank may be able to compensate from the lack of Chinese buying but it is an u…

Maybe Singapore is hedging that they might be #2 on the list after Taiwan.

Re: Singapore Urges U.S. to Accept China's Rise, Spare Other Nations

#58

Post by nabla9 »

rgbrenner wrote: post #5

China is highly unlikely to undermine the U.S.-led global system given it has been one of its biggest beneficiaries, Balakrishnan said. They undermine it every day they refuse to allow free trade. The US and others spent a lot of resources building the free trade system of the world... and China wants the benefits of selling into that global market, while reserving their own market for themselves. Every day they are…

The correct way to challenge China multilaterally using WTO and trade agreements.

TPP-agreement would have tied pacific countries and US tighter together while leaving China out until it improves. CPTPP and it's TPP without the US.

Re: Singapore Urges U.S. to Accept China's Rise, Spare Other Nations

#59

Post by chewz »

chvid wrote: post #25

As others has observed the economies of USA and China are tied at the hip. China sells goods cheaply to USA and takes the dollars it makes and invest in US treasuries. This keeps inflation low and keeps interest rates low. And allows the US to maintain an unnatural high living standard with low savings and asset price inflation. The central bank may be able to compensate from the lack of Chinese buying but it is an u…

> The central bank may be able to compensate from the lack of Chinese buying but it is an unsustainable situation as the inflationary pressure from the lack of imports would be in full force.

I doubt if low inflation enviroment is high on current administration list. On the contrary. Some inflation could stimulate economy.

Re: Singapore Urges U.S. to Accept China's Rise, Spare Other Nations

#60

Post by ptah »

nailer wrote: post #53

As someone who watches the very unusual moderation of China-critical comments on HN (+3 one moment, -3 a few hours later) I'm wary of a political piece praising China hitting #1 on HN. I also don't see the value of Singapore - which is openly anti democratic ( https://www.huffpost.com/entry/singapore-challenges-democrac... ) providing advice here - as the same concerns about authoritarian corruption that apply to Chi…

it is up to each nation to choose it's form of government. it is not one size fits all
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