Black Monday

[Jaa]

So?

https://www.sharetrader.co.nz/showth...The-Real-Story

How about NZ's court system which allows baby killers to go free because the killers are protected by the wall of silence, and other baby killers take their cue and kill more babies and children.

https://www.nzherald.co.nz/nz/news/a...ectid=11608055

Come on balance, that's just whataboutism. You are better than a 50 cent army troll.

A 99% conviction rate means there is no system of justice in China, period.

The real bully is China. They steal technology and rig the game so they always win. You have been around long enough to remember Lion Nathan, Rakon and Fonterra's expansions in China to name but 3 local disasters? China doesn't play remotely fair and haven't for 30 years.

US imports from China are 4.5x what China imports from the US. The CCP have messed up badly to let things get so out of whack. No large country would tolerate that forever.

https://www.census.gov/foreign-trade/balance/c5700.html

[dabsman]

China's courts have a 99% conviction rate.

Disregard Balance on this - he is far from his name when it comes to China. Maybe he is fully paid up in the biggest mass murderer of all times fan club? 万岁 毛主席

"Both Hitler and Stalin were outdone by Mao Zedong. From 1958 to 1962, his Great Leap Forward policy led to the deaths of up to 45 million people – easily making it the biggest episode of mass murder ever recorded"

[dobby41]

US imports from China are 4.5x what China imports from the US. The CCP have messed up badly to let things get so out of whack.

I don't think China forced the US to import (buy) their stuff.
China had stuff that the US wanted to buy at a price they wanted to pay.
The US had little that China wanted to buy or charged too much.

Again - the US didn't have to buy China's stuff, it was their choice.

[Balance]

I don't think China forced the US to import (buy) their stuff.
China had stuff that the US wanted to buy at a price they wanted to pay.
The US had little that China wanted to buy or charged too much.

Again - the US didn't have to buy China's stuff, it was their choice.

Dr. Marc Faber, the investment guru, concluded his monthly bulletin with the following comments :

The federal government is sending each of us a $600 rebate.

If we spend that money at Wal-Mart, the money goes to China.

If we spend it on gasoline it goes to the Arabs.

If we buy a software, it will go to India.

If we purchase fruits and vegetables, it will go to Mexico, Honduras and Guatemala.

If we purchase a good car, it will go to Germany and Japan.

If we purchase useless crap, it will go to Taiwan or Korea.

In short, none of it will help the American economy.
The only way to keep that money here at home is to spend it on

Guns, whores, Opioids, Beer and Wall Street scammers

since these are the only products still produced in abundant quantities in the US!

[Balance]

A 99% conviction rate means there is no system of justice in China, period.

Note:

Japan boasts 99% conviction rate too.

Federal Court in US boasts 97% conviction rate. And you better not be black if you are in a state court!

PS. Baby killers certainly do not walk free in any of those countries, unlike NZ. That's justice for the victims, Jaa.

[Jaa]

I don't think China forced the US to import (buy) their stuff.
China had stuff that the US wanted to buy at a price they wanted to pay.
The US had little that China wanted to buy or charged too much.

Again - the US didn't have to buy China's stuff, it was their choice.

Agreed and equally it's the US's choice to impose tariffs to discourage Americans from buying from China

Note, also the US (and others) has plenty of things Chinese people do want to buy but China forces joint ventures (diluting the US benefit) with compulsory techology transfer (long term loss), steals or makes it hard to buy.

Eg most of China runs on pirated Microsoft software. https://fortune.com/2018/11/02/ballm...windows-piracy

Eg2 Every major western internet company is blocked in China for reasons of protecting domestic companies.

Eg3 government run anti foreign product campaigns dissuade the purchase of foreign cars and other high value goods.

Eg4 the whole daigou industry wouldn't exist if it was easy to sell foreign products in China.

And if you have a dispute with your Chinese partner, try taking them to court... Oh wait nevermind.

[Balance]

Agreed and equally it's the US's choice to impose tariffs to discourage Americans from buying from China

Note, also the US (and others) has plenty of things Chinese people do want to buy but China forces joint ventures (diluting the US benefit) with compulsory techology transfer (long term loss), steals or makes it hard to buy.

Eg most of China runs on pirated Microsoft software. https://fortune.com/2018/11/02/ballm...windows-piracy

Eg2 Every major western internet company is blocked in China for reasons of protecting domestic companies.

Eg3 government run anti foreign product campaigns dissuade the purchase of foreign cars and other high value goods.

Eg4 the whole daigou industry wouldn't exist if it was easy to sell foreign products in China.

And if you have a dispute with your Chinese partner, try taking them to court... Oh wait nevermind.

Written almost exactly word for word from the mouth of that prize baboon Trump.

Enjoy!

[Balance]

Note, also the US (and others) has plenty of things Chinese people do want to buy but China forces joint ventures (diluting the US benefit) with compulsory techology transfer (long term loss), steals or makes it hard to buy.

NZ and Australia imposed exactly the same conditions from the 1950s to 1980s (40 years) on any companies wanting to sell products or services in both countries.

Result - crap cars, crap clothings, crap TVs & radios, crap furniture, crap banking system etc etc at horrendous prices!

Question - why did NZ & Oz do so badly and why are the Asian countries (especially China) able to do so well with these products & services?

Answer - Make America Great Again!

[Jaa]

PS. NZ and Australia imposed exactly the same conditions during the 50s, 60s, 70s and 80s on any companies wanting to sell or do business in both countries. Ended up with both countries producing crap cars, crap TVs, crap clothings, crap banking system etc etc. Wonder why China can do so well when Oz and NZ ended up with disasters?

Protectionism needs a large donestic market to be effective. You are finally on to it though, protectionism has not produced Chinese cars, consumer goods or construction standards of high quality! Their banking system is also a ticking time bomb, they just had a huge blow up in peer to peer lending that destroyed many people's life savings and led to large protests that had to be suppressed with force.

Those are China's choices to make but don't expect the rest of the world to just accept them. In an interdependent world the choices you make have consequences.

[Jaa]

Written almost exactly word for word from the mouth of that prize baboon Trump.

Enjoy!

No reply to those 4 examples then? Or the earlier one about NZ companies?

I don't get a vote in US elections, but I'm quite a fan of Elizabeth Warren. Sorry to be the one to break it to you, but she's looking even tougher on China than Trump.
https://www.cnbc.com/2019/07/30/cram...han-trump.html

Hope your Chinese contract works out well balance.