Question here:
How has China already swallowed up trade with almost all non-western economies of the world? This is only in the last two decades but they have managed to take international trade away from us while we just ignore it.
In a few decades they seem to be taking away 2 centuries of western dominance. Not sure if its a good thing because it means we play less of a role and less countries will care to follow our political standards.
Latin america is still there tho.
Good. Democracy is a meme. Chinese characteristics need to be valued in all political sstems
>How
by using dollars
>Not sure if its a good thing because it means we play less of a role and less countries will care to follow our political standards.
don't worry, we never cared of following them in first place, only about gib monie
At least we have mosques.
btw i'm truly proud that my country trades with both Taiwan and PRoC with them accepting it
TRUE NEUTRAL all the way
>Not sure if its a good thing
Diversification of trading partners is always a very good thing. Our recent spat with Trump over softwood lumber and dairy just demonstrated it.
>less countries will care to follow our political standards.
Don't care. How they choose to govern themselves is their business.
Latin America is still "western" for all intents and purposes despite being somewhat seperate culturally.
Not even forgetting they are already starting to integrate themselves into the non-western economies with China and India and other pacific states.
the era of western hegemony might be over faster than expected, which won't mean good things for liberal democracies imo.
And Trump wants to cut the trade with Europe. It's true that he's dumb.
Diversification and development may be alright, but we're use to a world where literally 90% of the world was under a western power/client-state relationship. pic related was the model of the world for nearly two centuries.
Its going to set off regional conflicts imo since power shifts usually do this.
My Latino friend said that the most well liked great power among Latin t Americans is China. Is this true?
more or less
it's a given they will screw us up like US and Britain did, but we don't know when. so in the meantime, we enjoy it
Western cunts hate us for some reason, not really our fault.
>Murrisharts force Europe out of Africa
>Murrisharts post-nixon suck off the tiny rising tiger cocklet to keep their stores stocked with cheap chink shit
Gee I wonder
China is developing the biggest economic bubble of the millenia
Despite growing 6% gdp every year its gdp to debt ratio is increasing more and more and the biggest drivers of its economic growth is the construction sector which is the first to fall during a bubble burst.
China's debt has ballooned to almost 250% of GDP thanks to the repeated use of cheap credit to stimulate slowing growth, unleashing a massive, debt-fuelled spending binge.This shit is all about speculation.
it depends on the country.
Argentina prefers China because the USA has no use for what we sell (soybean, beef, wheat, corn, cars) because they produce all that themselves.
China is a preferable market because our economies complement, we feed them and they send us cell phones and other electronic stuff.
Other countries prefer the USA, with the biggest one being Mexico sends 80% of their exports to the USA.
I think the little Central American countries who produce tropical stuff like coffee or bananas, also prefer the USA.
Basically, in spite of Trump Mexicans and Central Americans are more ProAmerican than South Americans (except Colombians)
Venezuela also has the USA pretty much as their only market, even if Maduro says he hates the USA. They dont stop selling you oil and the Venezuelan oil company donates to the campaigns of all American presidential candidates.
>soybean, beef, wheat, corn, cars
Yeah America is highly protectionist when it comes to primary-resources oddly enough, due to the influence of the mid-western/agricultural states. at the same time china is protectionist when it comes to industrial and manufactured goods. it works well for our export and mining/lumber sector but we barely have strong agricultural trade with the US.
this is true but most of the debt is in state-owned enterprises that will just get bailed out if they belly up.
the government pretty much owns the big banks there too so they can shuffle around money to re-finance its debt pretty easily unlike the 2008 recession here.
>less countries will care to follow our political standards.
>implying this is a bad thing
Western standards imposed on third world countries lead to poverty and ethnic strife. At least China is helping to develop Africa without their moralistic bullshit. See Ethiopia/Kenya vs. South Sudan
And you bail out companies with toilet-paper?
And if they control the banking system it just means they will just suffer automatically from the ''bank run''
Dumb chinkposter
Yes, viva China, muerte a Occidente.
>for some reason
"MUH JERBS" protectionism and all that. oh well
>can't refute evidence
>ad hominem instead
Democracy and Human Rights promotion is just Imperialism by any other name. Nothing more than a new age white mans burden designed to take agency and autonomy away from 3rd world countries (Libya, Iraq, Syria, Egypt, Yemen, etc.)
BRITTANIA R-R-RULES THE W-W-W-AVES
What will happen if China experiences recession? Will it be like 2008, again?
well toilet paper depends on how shit the collapse is but don't forget the US dollar value was barely dented by its trillion dollar bailout/response in 2008.
you also forget we are dealing with an authoritarian follow the rules country, a bank run can be stopped by banning withdrawals pretty easily compared to here.
>the shit countries are partners of China
ahhh yes, so this is the power of the eastern dragon
Yes
yup, every single country will be contagion nowadays if either the US, China, or EU fucks up in anyway.
It's going to change eventually though, we already saw we shouldn't rely on the US.
>Democracy and Human Rights promotion is just Imperialism by any other name.
It's worse. At least in the Imperial era, shitskin third worlders got infrastructure and gibs. Now look at them.
>shit countries
>India has a bigger economy than UK, biggest trade partner is now China
>all other countries are rising fast
m8 there was a reason why british india was a thing, india was the key to the british empire's wealth in the 19th century. its going to be the same scenario for asia in 2000s, ie whoever manages to establish strong trade relationships will reap.
Not really.
There's automatic shutdowns of the world stock exchanges,people won't be able to take out or invest stocks for like a day or more the only problem may be a bank run but that's not really that bad as long as you shutdown banks aswell...
Because export economies tend to ship goods more than service economies do. Japan did it in the 80's
Yeah,but there's no way you can stop a bank run.You would just make it worse.People would just wait for the day that it has opened
>there's no way you can stop a bank run
There were two banks in Utah who did it on Black Tuesday
Asian economies are really not a problem.There's no way that those countries can project their power through their economies even if they have like 2x the economy of the USA
What stops an european country that china has invested on to withdraw chinese investments?
They can just kidnap the share that china has on a company and what would china do?The world court would also not give a shit
India has a per capita GDP of $1581 and also suffers from serious brain drain since their middle class and most educated people emigrate.
I'm saying that during a possible market crash,people would just wait for the moment the banks opened again to withdraw their money.
There's no evidence India was profitable for Britain taken as a whole. The two countries were run under separate governments with separate tariff laws for a reason.
Plus people would lose confidence and become wary of investing in the future
I know, there were two banks in Utah who stayed open through the run and they were fine. They just did things to prevent a panic
>Basically, in spite of Trump Mexicans and Central Americans are more ProAmerican than South Americans (except Colombians)
Huh? Conglolombia is the USA's buttslave.
>less countries will care to follow our political standards
That's a good thing actually.
I'd rather the rest of the world follow China's example rather than Trump.
While Trump wants to go protectionist on all his allies China has promised not to ramp up the protectionism.
We sell most of our cars in China nowadays actually.
The less influence America and their retarded electorate has the better
Probably
Maybe that's why our former president was keen on selling us to the chinks
He's right when it comes to Germany's unhealthy superplus. It would be completely unsustainable without the Euro and the EU.
Go to bed, Merkel.
>While Trump wants to go protectionist on all his allies China has promised not to ramp up the protectionism.
Of course not. China is an export-based economy. Without foreign customers, it crashes and dies. It's an economic model that makes you hostage of foreign consumers. That's what China fears the most. It's economy is not suited for internal consumption. The coast is insanely rich, while the interior is crushingly poor. One day, another Mao could rise up in the interior and take revenge on the coast once more.
They sell mass produced cheap shit that wouldn't pass standards in the west but some third worlder doesn't give a shit if he has a knockoff and possibly dangerous "i-phone" or knockoff nikes. Add to this the manufacture legit products for western countries and have really focused on places like sub-saharan Africa.
I want to see this. Interior vs Coast
>One day, another Mao could rise up in the interior and take revenge on the coast once more
Bo Xilai almost became the next Mao, so they panicked and quickly had him purged.
German exports are 1.5 trillion and our imports are 1.3 trillion. It's not that great of a surplus really.
The Netherlands for instance has 490 billion exports to 400 billion imports which is actually a greater export:import ration than we have.
You do know that Chinese phones are reputed to be cheaper and on par with western phones right?
>shitskin third worlders got infrastructure and gibs.
Ehhh not exactly for infrastructure and for gibs not at all.
It's easy to miss. They just keep some basic safty features. They are not completely callous.
>What stops an european country that china has invested on to withdraw chinese investments?
>They can just kidnap the share that china has on a company and what would china do?The world court would also not give a shit
It would fucking hurt your nations reputation econonically and hurt other mnc/business confidence in that nation
IT was pretty damn profitable but it isn't obvious to the naked eye.
Hint: if my company works in a colony or whatever and we make big bank, I pay taxes to the British government in Europe not to the colony so my profits.
>tfw americucked
china pls take our coffee
Yes, and the British government has to reimburse those taxes in the form of luxurious salaries for the Indian staff, investment in schools, infrastructure, insurance policies for raiyats and so on. The EIC was £9 million in debt by the time it was incorporated into the crown (a fair amount of money in 18th century England) and thereafter its running costs were shouldered by the British government. It would be almost impossible to surmise whether India was profitable for Britain or not taken as a whole, and there's been no such study done to date. It's only possible to say whether or not it profited individuals.
this, not asian century but chinese millennia
that is what I tried to write (must have phrased it wrongly) that central america likes the USA more than South America (with Colombia being the only very proamerican South American country)
The US has closer historical and cultural ties with those cunts than the distant Southern Cone.
You think the Indian staff wages would be high?
The Indian staff wages were very high... I think at one point a Governor-General could look at £120,000 a year, God knows how much that is in today's money. It caused quite a lot of controversy with parliament at the time. The line of thinking was basically that if you paid your civil servants high wages, they wouldn't be as inclined towards corruption and finding money from other sources, particularly somewhere with as much opportunity as India. But the hefty administration costs were one of the reasons parliament was so divided on the bill that bailed out the EIC. They thought that annexation would incur too many expenses for little meaningful gain.
Did I learn Brazilian for nothing?
Yes
western countries are lazy, just look at straya, all these resources and all we do is export it
In some countrys like Nicaragua, maybe. But not in all of them.
Map is wrong. we trade more with belgium than the us
>How has China already swallowed up trade with almost all non-western economies of the world?
Because the domestic demand in China is so low, the Chinese, and their economy rely on exports and external consumption. While this was a good system some years ago, it's now made China very reliant on the international community.
> This is only in the last two decades but they have managed to take international trade away from us while we just ignore it.
You can't compare the importance between trade of standard consumer items and trade of necessities. You should know which one China is trading and which one the US is trading.
>In a few decades they seem to be taking away 2 centuries of western dominance
Trade does not assure dominance, nor does it assure friends. Countries act upon wants and needs, not promises and trade partnerships.
>Not sure if its a good thing because it means we play less of a role and less countries will care to follow our political standards.
Son, you're Canadian, no ones following your political standards anyway. They's like saying everyones following Australian political standards. The US runs the show, they're the political standards everyone follows.
>implying China would be colonizing the planet without the help of US and Nixon/Rockefeller/Kissinger since the 70s
Nixon literally created superpower China and the US continued to transfer the wealth and future of the west to China
would china be what it is today solely based on china's abilities and without western transfer of wealth and technology?
US is China's greatest ally. if it was not for the US, China would still be a country based on subsistence farming.
US literally created superpower China...
Nixon birthed superpower China and the US continued to transfer the wealth and future of the west to China
china would not be what it is today solely based on china's abilities and without western transfer of wealth and technology
China's rise was due to a transfer of wealth from the west.
>murica transfer of wealth/technology/industry to poor rural china
>murica create power strong china
>murica claim a strong china a problem
>murica plans on fighting strong china with totalitarian TTP eroding more citizen rights
>not creating a scapegoat to implement totalitarianism
the power brokers transferred:
-literally all the financial funds of US workers to China,
-transferred technology and jobs to China
-hyperinflated the housing so that only the Chinese (recipients of western funds) could afford the housing
the transfer of funds was done involuntarily without the consent of the owners of the funds
the power brokers took western funds sitting in banks and invested all of that in China.
all that wealth transfer was from your pockets. the private funds in bank accounts, the housing assets, the jobs, all transferred by corporate USA without your agreement...
A-any day now!
The trade reliance of China went from 45% of GDP in 2007 to 20% this year. That's a lower ratio than most of the EU and Japan/Korea/Taiwan. China is quite literally FAR less trade dependent than most nations in the world.
These retarded China memes need to end.
Chinese created the Chinese nation.
>le transfer of wealth
When you purchase a good with money, you willingly trade money for that good. That's an equal trade by any measure, and if not, why are you making it?
>the apes wouldnt be stomping around the world without anglo transportation and technology
you can thank anglos giving away science and technology to every known monkey on this planet.
if the anglos kept their tech to themselves, the world would remain peasant serfs and underpopulated
>there was no single male millionaire in the 80s in China
that money was once owned by whites and was transferred thru globalization
the issue is that there is an ongoing organized effort to transfer the private wealth of western individuals to the newly minted overlords of the east...and that this has been organized and planned by your own gov't and corporations
enjoy your serfdom, tyranny, and wars
Bullshit list.
It only takes two countries into account.
>western power
Does Western Europe not include Eastern or Southern Europe anymore or is that just a meme?
Well, it's not bs for Germany. But it is for the Netherlands.
They haven't lol. Their trade corresponds with their manufacturing industry and huge size, they should be bigger and they will be in the future. This image only counts USA and China, not all countries and not other facets.
Like 33% of Australia's exports are to China but only 15% of it's imports and from China. Neither of USA and China are main trade partners for many countries, this image just restricts and misinforms.