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PBS NewsHour China: Power & Prosperity

Discussion in 'Fred's House of Pancakes' started by cwerdna, Sep 30, 2019.

  1. cwerdna

    cwerdna Senior Member

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    It's a multi-part series that's been airing recently as part of PBS NewsHour. I learned that it's 10 parts.

    They're also up on YouTube via China: Power & Prosperity - YouTube and they so far range from 5.5 to 12 minutes long each. I've watched each of them and some are interesting. I have heard of their Belt and Road initiative numerous times on NPR, thru my dad and some other news sources.

    Titles so far are:
    - Taking stock of China’s growing power and prosperity
    - China's massive Belt and Road initiative builds global infrastructure -- and influence
    - How President Xi Jinping is transforming China at home and abroad
    - Impact of U.S.-China trade war felt in both countries
    - China is producing billionaires faster than any other nation
     
    #1 cwerdna, Sep 30, 2019
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  2. Georgina Rudkus

    Georgina Rudkus Senior Member

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    Unfortunately, the answer to China in the US is isolationism and the same with Brexit in the UK.

    Nostalgically wishing and taking action to bring back the "halcyon days" of earlier times never worked in the past and will never work in the future.

    Protecting markets with tariffs hinders progress while China prospers and passes us by in the world market.

    The only true way for the West to compete is innovation and create newer and better products and better prices.
     
    #2 Georgina Rudkus, Sep 30, 2019
  3. bisco

    bisco cookie crumbler

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    i'm no expert on tariffs. i haven't seen much here, how are they affecting china?
     
    #3 bisco, Sep 30, 2019
  4. Georgina Rudkus

    Georgina Rudkus Senior Member

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    Sure, nobody wins in a trade war. China suffers, too. Tariffs are taxes paid by the consumer. China has patience and will wait it out. They will reconfigure for the burgeoning middle class in Asia and South America as the West stagnates as dis Europe after WWI.
     
    #4 Georgina Rudkus, Sep 30, 2019
  5. wjtracy

    wjtracy Senior Member

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    Hi there @cwerdna that sounds like a good series
     
    #5 wjtracy, Sep 30, 2019
  6. tochatihu

    tochatihu Senior Member

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    #6 tochatihu, Sep 30, 2019
  7. bisco

    bisco cookie crumbler

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    nice chart. definitely pain all around. i'm not seeing it here yet, but i don't shop at wallsmart
     
    #7 bisco, Sep 30, 2019
  8. cwerdna

    cwerdna Senior Member

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    American farmers have been hurt by the trade war.

    NPR and IIRC CNBC (e.g. on shows on their channel and Nightly Business Reports) have discussed it a bunch. Google for npr farmers hurt by china tariffs soybeans and limit the time to 1 year.

    gives an example of a bicycle factory in the US being hit. It's one of MANY MANY examples.
     
    #8 cwerdna, Oct 1, 2019
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  9. Georgina Rudkus

    Georgina Rudkus Senior Member

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    Tariffs have unintended consequences and skews the system in favor of one political and economic group.

    In the 1830's the UK passed the "corn laws" with exceptionally high tariffs and forbade the importation of foodstuffs from foreign countries. That was politically pleasing to the English gentry and even a large majority of other subjects who despised the Irish Catholics. Nature intervened with the Potato Famine of the 1840's and resulted in the migration of the Irish Catholics to the United States who was also so despised in the US. Today, the original Irish Catholics have become about one half of the white population in the United States and one of the most productive groups in the country. The consequence is the great loss to the UK.

    This is just one of the many damaging results of tariffs.
     
    #9 Georgina Rudkus, Oct 1, 2019
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  10. bisco

    bisco cookie crumbler

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    but we already have tariffs, and they change all the time.
     
    #10 bisco, Oct 1, 2019
  11. bisco

    bisco cookie crumbler

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    'jim cramer claims tariffs hurting china'

    must be a pro trumper
     
    #11 bisco, Oct 2, 2019
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  12. Georgina Rudkus

    Georgina Rudkus Senior Member

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    Yep! Also, hurting the US consumer with an additional "value added tax." Nobody wins in a trade war, but China can wait it out longer.

    The China of today is not like the China of even five or ten years, ago. Unlike the past, the European nations are no longer the ultimate trade partners. There are may other emerging agricultural suppliers and manufacturers.

    The same thing happened with the Vietnam War. Lest, how soon we forget.
     
    #12 Georgina Rudkus, Oct 2, 2019
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