Understanding China


All of those countries put together don’t make much of dent in a $337 billion trade deficit with China.

It also makes a big difference what type of goods are causing the trade surplus and for how long.

Some of the biggest US exports are scrap paper, plastics, and metals — due to US environmental rules which make reprocessing them into useful products uneconomic in the US.

Coal is another big export that is declining in volume fairly quickly.

Some of those countries are exporting less oil and gas to US and buying more weapons, which is a new phenomenon.

Some of those countries, like Panama do not make anything, almost everything is imported. Oil, gas, cement, steel, construction materials, etc., even the “Panama hats” are all made in Ecuador. Panama is one of the largest maritime crossroads in the world, but they don’t even have a real shipyard for repairs, much less new building. The only legitimate thing Panama has going for it is the canal, which the US built and gave to them. Tourism is still small and mostly US tourist dollars. After the Canal and construction, semi-secret banking, money laundering, and illegal drug transit are Panama’s largest industries.

Some of those countries receive much more in US foreign aid than the amount of their trade deficits.

None of these trade surpluses are an excuse to tolerate the huge trade deficit with China.


You know China has stopped all the non metal scrap from going to China, has wreaked havoc in many countries as they now have growing mountains of plastic and paper.

I like what Trump has done as they eventually unroll the tariffs and they publicize what china does it will be all telling, ok if you have 24%+ huge sales tax on cars so will we, thats fair trade…


google the i phone, china only add labour and one bare board, everything else is manufactured outside of china.


All you want to know about where the IPhone components are made:

Please not that a lot of the components are “outsourced for manufacturing”, which may or may not mean they are actually made in China.


The Chinese are moving in on the North Sea decommissioning market:
COES does have a large fleet of powerful vessels and proven track record from salvage.


Will China overtake US in patents, scientific paper published and innovation within this decade, or towards the middle of next decade?? Hard question to answer, but that it will happen is certain:


for sure, but let me know when I am using a Chinese invention in my day to day life, thats when it will be true.


You don’t use paper?


Interesting article in the WaPo today about the skewed male to female ratio of marriage-age people in India and China.

There are so many surplus young men in China, that they are doing things like saving for ever increasing bride prices, or imported brides from Cambodia and Vietnam. They spend very little money on themselves.This is a factor in the trade imbalance.


paper, gunpowder and noodles do you have an update in the last 2000 years?


Yeah. Pissing off Westerners, apparenty