Trump and Xi declare trade truce at G20

[Viva_Viet]

C
What should Asia do?

Now is the time for Asia to build domestic buffers against external economic shocks wherever possible: in fiscal policy, monetary policy and the accumulation of foreign exchange reserves. But, when the shock actually hits, regional cooperation will be key to seeing it off. Strengthening regional crisis-response efforts, like the Chiang Mai Initiative Multilateralization and the ASEAN+3 Macroeconomic Research Office, is the starting point.

In Asia, there r mainly 2 kinds of countries, countries surviving by licking US's azz (CN, SK, JP, TW etc) and country fighting hard for real independence (VN).

What a country fighting hard for real independence should do ? keep watching and enjoying US boss killing her 1979 slave.

What those countries surviving by licking US's azz (CN, SK, JP, TW etc) should do ? They survive till now tks to US's mercy and protection, their lives r useless, no one give a damn care

 

[TaiShang]

This is really at the heart of why the American Current Account deficit will not be fixed. They are addicted to spending, fueled by ever more borrowing from overseas.

Americans don't seem to understand the concept of tightening their belt, whether in regards to spending based on deficits and borrowed money, or stuffing their faces full of junk food.

On the other hand, look at countries like China, Germany and Japan, which all have a high savings rate. And lo and behold, these countries all have a Current Account surplus, i.e. they are net lenders.

For America to replicate that, they will need to change their habits, and tighten their belts. Otherwise their deficits and diabetes will continue to skyrocket.

But we all know that will not happen. Any US politician that advocates for such responsible economic behaviour will instantly lose all their political support.

I think this is just a graceful move by China to cater to Trump's political showmanship.

Besides, now that China's soybeans market is more diversified, US producers will have to compete with the new entries, such as Russia and Brazil. This will require the US producers to offer competitive prices.

 

[Beast]

In Asia, there r mainly 2 kinds of countries, countries surviving by licking US's azz (CN, SK, JP, TW etc) and country fighting hard for real independence (VN).

What a country fighting hard for real independence should do ? keep watching and enjoying US boss killing her 1979 slave.

What those countries surviving by licking US's azz (CN, SK, JP, TW etc) should do ? They survive till now tks to US's mercy and protection, their lives r useless, no one give a damn care

. Delusion has no limit.