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U.S. Brings a Pea-Shooter to a Gunfight
With China

Original Article

Posted By: Hazymac, 1/1/2022 9:10:41 AM

Many of my conservative friends are spinning their wheels with pea-shooter-gauge measures against China—kicking Chinese companies out of the U.S. stock market, for example. On Dec. 10 the U.S. government canceled an initial public offering for the Chinese AI startup SenseTime, whose facial recognition software may help Chinese authorities identify Uyghurs. Two weeks later SenseTime moved its IPO to Hong Kong; it rose 44% in the first two days of trading. China has a trade surplus, $3.2 trillion in reserves, and a 40% savings rate. It is an exporter, not an importer of capital. American capital markets are a convenience, not a necessity for Chinese companies.

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Reply 1 - Posted by: FleetUSA 1/1/2022 10:07:46 AM (No. 1025139)
Surprise, surprise with Mr. Magoo as prez.
3 people like this.

Reply 2 - Posted by: Toby Ten Bears 1/1/2022 10:29:28 AM (No. 1025161)
Is that a pea shooter in your pocket Diaper Joe... or are you just happy to see Chinese President, Xi
5 people like this.

Reply 3 - Posted by: Strike3 1/1/2022 10:45:58 AM (No. 1025182)
Not to mention a pea-brained buffoon as Commander in Chief. FJB
6 people like this.

Reply 4 - Posted by: MDConservative 1/1/2022 12:37:33 PM (No. 1025286)
And the point is? The US policy long ago drifted from being an industrial to a service economy. Making stuff in the US is expensive and dirty. In many cases robots and other automation has greatly lowered the amount of human labor input. Think today's SUV line looks anything like the Detroit assembly line of the 1970s? Mexico, China and literally all of Asia can put together anything you want. Like those 65-inch tv's at $455, or those $1300 iPhones, or a KIA. What would a comparable product cost if manufactured in the USA by Zenith, Motorola, or Ford? This decline didn't start and won't end with Biden. The GOPe/UNIPARTY has been selling out America, "resetting" its economy, for decades. Its financial genius class has figured out how to borrow and inflate to float the interest ad infinitum. How did a McD's basic hamburger go from 15 cents to $1.89? Don't blame the Chinese or Biden...
3 people like this.

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