Monday, August 14, 2023

Anti-China and Stuff.

THE hatred for China. Let’s go back in history. <1>1899 to 1901, an 8-nation alliance forced China to open its trade ports to the West. <2>2000, U.S. and China trade pact. China’s expansionism is all trade, unlike Europe and America’s military conquests. Beijing works its leverage shrewdly: Pertinent minerals, raw materials, and labor force. We need those. So they sell and we buy. Business, economics. We hate them because they outsmarted us on the trade table? 



       <1>1899 to 1901 a.k.a. Boxer Rebellion. An Eight-Nation Alliance of American, Austro-Hungarian, British, French, German, Italian, Japanese and Russian troops moved into China to quell the anti-colonial uprising of the Yihetuan Movement, towards the end of the Qing Dynasty. <2>2000, U.S. and China trade pact, signed by Bill Clinton and Jiang Zemin, which paved the way for Beijing to enter WTO the following year. From that point China emerged as a global economic power. Why are we pushing China to a war, what is the point? Because we don’t what them to be #1? I don’t think that China wants that stature though. 

       China works around economics beyond Western models but still within WTO regulations. Through provision of direct support to Chinese industries through state funding or subsidies and tax breaks, the CCP controls industries and centralizes profit. Russia, which entered WTO in 2012, pretty much employed the same system via its oil/natural gas, which are also state-owned. India is the same. All three powers are members of BRICS, the counterweight to G7. πŸ‘²πŸ‡¨πŸ‡³πŸ‘²


TOMS, founded by Blake Mycoskie in 2006, is a tiny business that grew big because it chose to work with the Chinese, than compete with them. Toms is all about hip shoes, eyewear, coffee, apparel, and handbags. The company became famous for its “one for one” program. For each pair of shoes sold, they give away a pair to charity. Toms president Laurent Potdevin: “Toms would not be what it is today without China.” 

       Thousands of American companies are active in China. For a reason or two, or more. China wasn’t Toms first choice though; it was Argentina. But it didn’t work so Toms flew East. And so on and so forth. Now what about U.S. giants in China? Apple, General Motors, Ford, Starbucks, Boeing. Etc etcetera. By comparison, you may google Chinese FDIs in the U.S. Not even in the Top 10. πŸ‘²πŸ‡¨πŸ‡³πŸ‘²


No comments:

Post a Comment