CTH: When China announced the One-Road/One-Belt initiative (now banned from discussion in Beijing); in combination with a looming trade confrontation with President Trump; CTH pointed out that sketchy pandas’ bamboo economy was very vulnerable because it was deep, but narrow – simply too dependent on manufacturing and exports.
Slow down the manufacturing sector and, well, there is no fall-back position….. Cue:
BEIJING (Reuters) – China’s manufacturing activity grew at the slowest pace in more than a year in August, with export orders shrinking for a fifth month and employers cutting more staff, a private survey showed on Monday.
The gloomy findings reinforce views that China’s economy will cool further in coming months, even as the United States ramps up tariffs on Chinese goods. That is likely to prompt more spending and other growth boosting steps from Beijing. read more
Must be because the US played the Trump card on them.
Better feed that “panda” while the cage gets built. Unlike the USSR, China has (very aggressive) intentions and WILL react.
Being a small engine mechanic, I see Chinese parts on just about every piece of outdoor power equipment. The parts are just above junk status. We can do better here in America.
What happened, did Wallymart shut down?
That was a fun thread.
Notice the shape of China on the post? Well, we worked with a Chinese engineer who seemed to be a regular fellow. He had a very thick Chinese accent, though. One day, a couple of us were making small talk with him in the control room. One of my coworkers asked him about China and he proceeded to tell us that China was a “chicken shit” country. We were surprised and asked him why he thought China was “chicken shit”. He said it was because of the shit. Finally, we realized that he was telling us that China was “chicken shaped” and we had misunderstood him because of his heavy accent. He got a kick out of the situation. I still think China is “chicken shit”, though.