December 11, 2018 at 10:54 pm #170205
IMF issues warning on the US-China trade war
“China has many reforms that it could carry out that would be in its own interest and in the interest of countries around the globe. But China feels they can’t take those steps, as they put it, with a gun to their head, in the midst of trade tensions…Trade barriers if they are sustained could lead to a fragmentation of the global economy. If this [trade dispute] leads to stalemate, China may decide to reorientate its economy not to trade with the US. To accept sustained trade barriers … could lead to a slowdown [for the global economy],” he said.December 12, 2018 at 1:04 am #170216
If another financial crisis takes place, the USA will go belly upJanuary 7, 2019 at 6:23 pm #176150
I don’t know how reliable Vanity Fair is (not much I suspect) but the headline of this story is amusing:
Trump Official Threatens Peasant Revolt in China If Xi Doesn’t Cut a DealJanuary 7, 2019 at 6:34 pm #176151
Donald Trump has not discovered the hot water yet. Peasant and industrial workers revolts in China have taken place for many years, it is not due to bourgeois protectionism. The western press does not make any mention of that type of situation because most western capitalists have an investment in China, they only made propaganda against Chinese workers oppression when Mao Tse Tung was in power before the agreement made with Richard Nixon and Bill ClintonJanuary 7, 2019 at 6:47 pm #176164
Peter Hudis who is a Marxist Humanists and had travelled frequently to China, and compiled Rosa Luxembourg works on China, have written a couples of articles about the Chinese workers discontent and revolts, and he said that China workers revolts are boiling up, he said that China is a future incubator of workers revolts, and the Trotsky Socialist Party have written also several articles about the Chinese peasants workers revolts which have been taken place since 2001
The Communist Voice Journal has written several articles about Chinese workers uprising and the so-called privatization of peasants lands in China which have created protests among the peasants
January 29, 2019 at 3:15 am #182793
- This reply was modified 2 months, 1 week ago by Marcos.
A Trade War POW?
Huawei, the Chinese telecommunications giant, was charged with a series of crimes by the US on Monday, in an escalation of hostilities between the world’s biggest economic powers. The US justice department said Huawei had based its global expansion on “lies and deceit”. It accused the firm and its executives of stealing trade secrets, laundering money, obstructing justice and defrauding banks to elude US sanctions. Matthew Whitaker, the acting attorney general, said criminal offending at Huawei went “all the way to the top of the company”. He announced that grand juries in Seattle and New York had issued indictments on 23 criminal charges.
Kirstjen Nielsen, the US homeland security secretary, said Huawei had operated a scheme that had been “detrimental to the security of the United States” by undermining sanctions against Iran. The company and its chief financial officer, Meng Wanzhou, are also accused of defrauding banks and lying to the US to get around economic sanctions on Iran. She is accused of personally making a presentation to a “major banking partner” in which she “repeatedly lied” about the company’s relationship to the subsidiary, Skycom. They claimed to have sold an Iranian subsidiary but had actually sold it to themselves.
The charges are likely to raise tensions between China and the US amid a trade war between the world’s two biggest economies. They were unveiled shortly before trade talks between American and Chinese officials were due to resume.
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