One person's opinion posted in Quora:
China is winning the trade war, right?
Bernard Wijeyasingha, BA History of South Asia, University of California, Berkeley (1987)
Answered
Yes, China is winning the trade war for three main reasons.
The first reason is that America is using the dollar as a weapon in her Financial sanctions. There are over a dozen nations under American sanctions, many are under Financial Sanctions. The backlash is that these nations are dumping the dollar and are using other currencies.
In addition, America is engaged in an economic war with China. Partly due to that China is creating alternative markets to bypass America.
Then there is America’s debt. It is massive and practically out of control. To put things into perspective America’s debt before President Reagan took office in 1981 was 550 Billion dollars (With a “B”). Today it is 22 Trillion dollars. By 2020 or 2021 America’s debt will increase by 1 trillion each year. Just the interest on the debt will be 500 billion dollars per year. It is unsustainable. The U.S. Government To Fork Out A Half Trillion To Service Its Debt In 2018
The second reason is China's Belt and Road Initiative (BRI). Once that is completed the BRI will connect the European Market with that of the Middle East, Central Asia, Russia, South Asia, South East Asia and finally East Asia. The mega multi-market world has a population of 4.5 Billion to 5 billion.
The third reason is that America is spending an extraordinary amount of time, money and manpower waging wars or engaging in them. Venezuela could be the next major battleground.
China will win when America’s dollar no longer is the major currency of the world because so many nations have dumped the dollar
China will win when America’s debt burden cannot be sustained and implodes upon America.
China will win when all the Eurasian markets have a direct land link to each other markets using China’s railways to exchange trillions of dollars in goods and services.
China will win as America spends more time waging wars while China spends the same time building up commerce.
China will win when alternative markets are developed to the degree America’s role is greatly diminished.
China is winning the trade war, right?
Bernard Wijeyasingha, BA History of South Asia, University of California, Berkeley (1987)
Answered
Yes, China is winning the trade war for three main reasons.
The first reason is that America is using the dollar as a weapon in her Financial sanctions. There are over a dozen nations under American sanctions, many are under Financial Sanctions. The backlash is that these nations are dumping the dollar and are using other currencies.
In addition, America is engaged in an economic war with China. Partly due to that China is creating alternative markets to bypass America.
Then there is America’s debt. It is massive and practically out of control. To put things into perspective America’s debt before President Reagan took office in 1981 was 550 Billion dollars (With a “B”). Today it is 22 Trillion dollars. By 2020 or 2021 America’s debt will increase by 1 trillion each year. Just the interest on the debt will be 500 billion dollars per year. It is unsustainable. The U.S. Government To Fork Out A Half Trillion To Service Its Debt In 2018
The second reason is China's Belt and Road Initiative (BRI). Once that is completed the BRI will connect the European Market with that of the Middle East, Central Asia, Russia, South Asia, South East Asia and finally East Asia. The mega multi-market world has a population of 4.5 Billion to 5 billion.
The third reason is that America is spending an extraordinary amount of time, money and manpower waging wars or engaging in them. Venezuela could be the next major battleground.
China will win when America’s dollar no longer is the major currency of the world because so many nations have dumped the dollar
China will win when America’s debt burden cannot be sustained and implodes upon America.
China will win when all the Eurasian markets have a direct land link to each other markets using China’s railways to exchange trillions of dollars in goods and services.
China will win as America spends more time waging wars while China spends the same time building up commerce.
China will win when alternative markets are developed to the degree America’s role is greatly diminished.
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