China tells airlines to suspend Boeing jet deliveries

[wadman]

43 minutes ago, FriscoKid said:

Not necessarily. The economy could move even more towards stagflation. High prices, high unemployment, and no growth. 

 

Good point. Usually in a recession, inflation goes down. But quite possibly not if Trump keeps all those tariffs in place.

[FriscoKid]

11 minutes ago, wadman said:

 

Good point. Usually in a recession, inflation goes down. But quite possibly not if Trump keeps all those tariffs in place.

 

Correct. With high tariffs in place, the cost of goods is likely to go up, not down, regardless of the broader economic situation. Prices could even rise during a recession due to reduced production output, which can cause supply shocks.

 

Another possibility is that even if Trump rolls back the tariffs, some trading partners may no longer want to sell goods to the U.S. because of his mental and emotional instability and the risk that he might change direction again at any time.

 

Let’s say, for example, that you are a European company that made a deal with an American company to sell them three million dollars’ worth of products that you have not yet manufactured. You plan to produce the goods and deliver them a few months later. You agree on a price and sign a contract based on the current trade agreements between your country and the U.S. Then, suddenly, Trump decides to slap on an additional fifteen or twenty percent tariff after the deal was made.

 

If you are that European company, you are in trouble. The American buyer might back out, or you may no longer want to sell the products at the same price due to the added tariffs. There might be a clause in the agreement allowing either party to cancel under those conditions, but what if the European company has already invested in manufacturing the goods and now has nowhere to sell them? This would be especially disastrous if it is a product with a limited shelf life that must be used or consumed quickly.

 

Going forward, overseas companies will likely prefer to look for buyers in more stable markets, where there is less risk of sudden changes to trade agreements that could end up costing them money or even bankrupting their business if a contract falls apart.

[jas007]

2 hours ago, FriscoKid said:

There is a theory floating around that this whole trade war designed by Trump has now shifted into simply being a red herring to try and get (what he sees as an uncooperative Fed chairman) to cut interest rates rapidly. That in itself could help Trump to be perceived to be a winner on the economy. 

A red herring? I don't think so. Powell says what he says for public consumption. He has to at least appear to be doing his job. Privately, it's another matter. Fed officials have made no secret about it - they will step in, if necessary, to support the bond market in the case of an impending crackup. In other words, the Fed put is there, as always. Trump doesn't need to cajole Powell into lowering interest rates. They'll do it gladly, when the time comes.  

 

And that means Trump has free reign to do what he wants, if he can stay away from the Wall Street people who are there to keep him inbounds.  Don't think the outcome is a forgone conclusion at this point. That's what makes Trump so "dangerous."  Nobody knows what he'll do next.  He seems to think that's a good negotiating tactic.

 

I remember Trump was once explaining certain foreign policy negotiations that occurred during his first term, when he brought along the Neocon, John Bolton.  People on the other side of the table didn't know what to think.  Negotiate with Trump, or risk the crazy Neocon?  The uncertainty worked in Trump's favor. 

[3NUMBAS]

Airbus is rubbbing their hands at all the new sales to China ,whilst US aerospace goes into a quiet period ,with laid off workers 

[Gweiloman]

19 hours ago, FriscoKid said:

It seems to me that the U.S. effectively cut off China, and much of the rest of the world, with Trump’s isolationist policies. Whatever China is doing now is merely reactionary. But that doesn’t mean they’re flailing. On the contrary, China is built for the long game. It’s a dictatorship that doesn’t care how much its own people suffer in the short term, they are also used to hardship, which gives it the ability to absorb economic shocks and wait things out.

 

Trump, meanwhile, is wrecking the U.S. economy and raising the cost of living for Americans, despite promising the opposite during his campaign. The longer this continues, the more economic damage piles up. He can’t keep destroying the economy without facing serious consequences. Either he’s going to be forced to cave in or pushed out of government altogether.

 

I watched the full interview yesterday with Jamie Dimon and the Financial Times. He made it clear: the U.S. has maybe three months to end this trade war before it turns into a full-blown disaster. China, on the other hand, could wait one or even two years and still be standing. The U.S. can’t. Americans aren’t used to economic hardship and won’t tolerate it for long.

 

You don’t have to take my word for it. Just watch what happens.

Excellent post, I fully agree except for the highlighted section. Regardless of whether it’s a dictatorship or not, the government cares about its own people, probably more than most western economies.

 

Another point is that most Chinese citizens can see exactly what the US is trying to do so they are willing to endure as much hardship as necessary to ensure that China will not lose this trade war. However, I don’t think the Chinese people will suffer much hardship. As mentioned many times before, only 15% of China’s exports go to the US. Complete loss of this market (which won’t happen anyway) will inevitably cause some job losses but nobody will be starving or homeless. All that is required is some belt tightening and dipping into some savings if really necessary.

[jas007]

19 hours ago, GammaGlobulin said:

 

My observation is that:

 

With two strong men, Trump and Xi, as leaders of the two most powerful countries in the world...

We are more likely than ever before...

To sometime soon...be eating...

Bark off trees, when the missiles fly over the Taiwan Strait.

 

Mark my words.

This is not a racist comment.

This is a Realists View, if ever I had one.

 

We shall see, Sir.

 

 

That's my fear. Xi starts a war over Taiwan. 

 

I'm not at all worried about the market dynamics at play here. China will fold first. They're weaker than people have been programed to believe. What I am worried about is what China might do before giving up.  Analysts think that China will easily win any war with the USA that occurs in China's neighborhood. The US military is already stretched thin.  Much of the US stockpile of certain weapons and munitions went to Ukraine and can't be quickly replaced.  And to make matters more complicated, Trump has another conflict in the works in the Middle East, a conflict which could involve not only Iran, but Russia and China as well. Three wars going on at the same time?   The outcome would not be good, and I think both China and Russia realize that fact.  

 

Before long, we could see WWIII.  That's what should worry everyone. 

[GammaGlobulin]

11 minutes ago, jas007 said:

They're weaker than people have been programed to believe.

 

Entirely correct.

Meaning, within Red China, there is increasing division and civil unrest.

Trump just may hand XI's head to him on a platter.

 

[candide]

26 minutes ago, Gweiloman said:

Excellent post, I fully agree except for the highlighted section. Regardless of whether it’s a dictatorship or not, the government cares about its own people, probably more than most western economies.

 

Another point is that most Chinese citizens can see exactly what the US is trying to do so they are willing to endure as much hardship as necessary to ensure that China will not lose this trade war. However, I don’t think the Chinese people will suffer much hardship. As mentioned many times before, only 15% of China’s exports go to the US. Complete loss of this market (which won’t happen anyway) will inevitably cause some job losses but nobody will be starving or homeless. All that is required is some belt tightening and dipping into some savings if really necessary.

Most Chinese citizen can see only what they are allowed to see, and have been fed with Chinese propaganda since primary school. That's why they are ready to endure anything against the evil U.S. 

[Purdey]

The vast number of Chinese tourists in Thailand tends to indicate they are able to see a lot more than their government wants. The fact that they are opening businesses here indicates they like what they see.

[Gweiloman]

1 hour ago, candide said:

Most Chinese citizen can see only what they are allowed to see, and have been fed with Chinese propaganda since primary school. That's why they are ready to endure anything against the evil U.S. 

Really? And what is this propaganda that has been fed to the Chinese citizens? That there are many homeless people in the States? That there is a drug problem? That there are many mass shootings? That America has been in over 70 wars since WWII? That many Americans live paycheck to paycheck and that some have to take out loans to pay for their groceries? That America has the highest number of prisoners per capita in the world?

 

On the other hand, the recent exodus of TikTok refugees to the Little Red Book has many Americans admitting that they have been fed falsehoods about China and life in China.

 

Open your eyes. China does not want war with America but America is trying to contain China in order to hang on desperately to its hegemony.

[Gweiloman]

1 hour ago, jas007 said:

That's my fear. Xi starts a war over Taiwan. 

 

I'm not at all worried about the market dynamics at play here. China will fold first. They're weaker than people have been programed to believe. What I am worried about is what China might do before giving up.  Analysts think that China will easily win any war with the USA that occurs in China's neighborhood. The US military is already stretched thin.  Much of the US stockpile of certain weapons and munitions went to Ukraine and can't be quickly replaced.  And to make matters more complicated, Trump has another conflict in the works in the Middle East, a conflict which could involve not only Iran, but Russia and China as well. Three wars going on at the same time?   The outcome would not be good, and I think both China and Russia realize that fact.  

 

Before long, we could see WWIII.  That's what should worry everyone. 

Don’t worry, China is not like America and it won’t start a war over Taiwan. Even if it does, unless you’re Taiwanese, it’s none of your business.

 

As for market dynamics, you’ve gotten it all wrong. China is stronger than people (especially Americans) have been programmed to believe. The US will fold first, if either side folds. This is very obvious from the desperate messaging coming out of the US, pleading for Xi to call, saying that the ball is in China’s court, that China needs the US more etc etc. China has confidently just kept quiet and mature, saying only that talks can begin when America learns some respect (a tall order, I must admit).

 

Militarily, the US has no chance against China in China’s backyard. America is foolishly trying to provoke China to take the first action and then use the fake moral high ground to try and turn the world against China. Kindergarten checkers against the likes of a civilisation that has perfected the Art of War hundreds of years before the genocide of the native Americans.

[Gweiloman]

1 hour ago, Purdey said:

The vast number of Chinese tourists in Thailand tends to indicate they are able to see a lot more than their government wants. The fact that they are opening businesses here indicates they like what they see.

The vast number of Chinese tourists in Thailand indicate that the Chinese middle class has plenty of money to travel and that they are free to travel anywhere they want.

 

The fact that the Chinese are opening businesses here and all over Asia indicates their entrepreneurial spirit and belief that they should work for what they want rather than depending on govt handouts.

[candide]

1 hour ago, Gweiloman said:

Really? And what is this propaganda that has been fed to the Chinese citizens? That there are many homeless people in the States? That there is a drug problem? That there are many mass shootings? That America has been in over 70 wars since WWII? That many Americans live paycheck to paycheck and that some have to take out loans to pay for their groceries? That America has the highest number of prisoners per capita in the world?

 

On the other hand, the recent exodus of TikTok refugees to the Little Red Book has many Americans admitting that they have been fed falsehoods about China and life in China.

 

Open your eyes. China does not want war with America but America is trying to contain China in order to hang on desperately to its hegemony.

Are you really ignorant about China or are you just pretending not to understand my point? 

 

Chinese kids are enrolled in Communist pioneer organisations since primary school and all leisure activities are directly  controlled by the CCP until university included. All media and social media are controlled by security forces. There is no freedom of information in China and they are continuously fed by propaganda.

[jas007]

1 hour ago, Gweiloman said:

Don’t worry, China is not like America and it won’t start a war over Taiwan. Even if it does, unless you’re Taiwanese, it’s none of your business.

I agree, it's none of my business and I really don't care one way or the other until WWIII starts and we all have a very bad day.  Nuclear war will result and escalate, and then that will be that.  So, in that sense, yes, it is my business.  Of course, I can't do much about it except sit back and watch.

 

As for the US folding first, in economic terms?  I think you're the one who is brainwashed. Either that, or you're trying to gaslight people on this board.  Anyway, we can sit back, grab some popcorn, and wait.  One way or the other, it will be over sooner than you seem to think. 

[jas007]

5 minutes ago, candide said:

Are you really ignorant about China or are you just pretending not to understand my point? 

 

Chinese kids are enrolled in Communist pioneer organisations since primary school and all leisure activities are directly  controlled by the CCP until university included. All media and social media are controlled by security forces. There is no freedom of information in China and they are continuously fed by propaganda.

I disagree.  And I think you know the truth.  People all over China have access to the real Internet via VPNs.  They know what's what. I've seen the videos coming out of China.  The people out of work and homeless. The shops closed in major cities. The idle factories, waiting for work. People seem desperate, and it didn't look like acting to me.  And it's no big secret about the failing real estate market, people's inability to sell their houses or condos for anywhere near what they paid, and the government's takeover of much of the mortgage banking business. And look at how the Chinese currency has dropped.  Is that propaganda, too? 

[candide]

48 minutes ago, jas007 said:

I disagree.  And I think you know the truth.  People all over China have access to the real Internet via VPNs.  They know what's what. I've seen the videos coming out of China.  The people out of work and homeless. The shops closed in major cities. The idle factories, waiting for work. People seem desperate, and it didn't look like acting to me.  And it's no big secret about the failing real estate market, people's inability to sell their houses or condos for anywhere near what they paid, and the government's takeover of much of the mortgage banking business. And look at how the Chinese currency has dropped.  Is that propaganda, too? 

You've seen videos but I've spent in total around one year in China. Only a minority of people uses VPNs and they are frequently blocked.

And even educated people who use VPNs are nationalist (and could even be party members).

The information people have easily access to is fully controlled by the CCP.

[wadman]

4 hours ago, jas007 said:

That's my fear. Xi starts a war over Taiwan. 

 

I'm not at all worried about the market dynamics at play here. China will fold first. They're weaker than people have been programed to believe. What I am worried about is what China might do before giving up.  Analysts think that China will easily win any war with the USA that occurs in China's neighborhood. The US military is already stretched thin.  Much of the US stockpile of certain weapons and munitions went to Ukraine and can't be quickly replaced.  And to make matters more complicated, Trump has another conflict in the works in the Middle East, a conflict which could involve not only Iran, but Russia and China as well. Three wars going on at the same time?   The outcome would not be good, and I think both China and Russia realize that fact.  

 

Before long, we could see WWIII.  That's what should worry everyone. 

 

China isn't going to start a war with Taiwan because of US tariffs. Even if the economic situation with the US escalates, there is still the economic ties with the rest of the world. The EU would cut back trade drastically, if China were to invade. As would Japan, South Korea, etc.

[jas007]

2 minutes ago, candide said:

You've seen videos but I've spent in total around one year in China. Only a minority of people uses VPNs and they are frequently blocked.

And even educated people who use VPNs are nationalist (and could even be party members).

The information people have easily access to is fully controlled by the CCP.

Just in case you don't realize it.  No serious person on here who knows anything about China believes the nonsense you post.  You and your buddy take turns giving each otherTrophy awards, but really.  No one believe that millions of middle class Chinese can't access the Internet.   

 

There's only one word for what you post:  Amateur.  

[jas007]

1 minute ago, wadman said:

 

China isn't going to start a war with Taiwan because of US tariffs. Even if the economic situation with the US escalates, there is still the economic ties with the rest of the world. The EU would cut back trade drastically, if China were to invade. As would Japan, South Korea, etc.

I hope you're right. If you are, then this thing will be over soon, because China will fold.  

[wadman]

2 hours ago, Gweiloman said:

The vast number of Chinese tourists in Thailand indicate that the Chinese middle class has plenty of money to travel and that they are free to travel anywhere they want.

 

The fact that the Chinese are opening businesses here and all over Asia indicates their entrepreneurial spirit and belief that they should work for what they want rather than depending on govt handouts.

 

There are some cases where Chinese nationals have their passport taken for "safekeeping" by their employer/government. One fairly high level bank manager told me that her passport had been taken for safekeeping, same with other managers at a high level. Reason: so they don't embezzle a big bunch of money, and then skip the country.

[wadman]

5 hours ago, Gweiloman said:

Another point is that most Chinese citizens can see exactly what the US is trying to do so they are willing to endure as much hardship as necessary to ensure that China will not lose this trade war. However, I don’t think the Chinese people will suffer much hardship. As mentioned many times before, only 15% of China’s exports go to the US. Complete loss of this market (which won’t happen anyway) will inevitably cause some job losses but nobody will be starving or homeless. All that is required is some belt tightening and dipping into some savings if really necessary.

 

3 hours ago, Gweiloman said:

As for market dynamics, you’ve gotten it all wrong. China is stronger than people (especially Americans) have been programmed to believe. The US will fold first, if either side folds. This is very obvious from the desperate messaging coming out of the US, pleading for Xi to call, saying that the ball is in China’s court, that China needs the US more etc etc. China has confidently just kept quiet and mature, saying only that talks can begin when America learns some respect (a tall order, I must admit).

 

IMO it isn't so much a case of who will win this tariff trade war, and which side will fold first. 

 

1. It's overwhelmingly obvious by now that America (and the euros to some degree) want to contain China.  Trump in his first term put tariffs on China, Biden did too, and now Trump has put even more tariffs. It's just like a extortion/blackmailing/protection money kinda of situation: once you pay, there will almost be more demands in the future.

 

2. 15% (400+ billion) of China exports to the US is good chunk of money. But none of that export is in truly high profit (profit for China) products, as I have detailed here

 

3. China is/was coerced into buying soybean, LNG from the US. LNG is especially a costly one, as they have access to cheap Russian gas and oil.

 

4. So overall, the economic benefit of this 15% of exports isn't nearly as big as you would think at face value.  China had already reduced US exports as a PERCENTAGE of their total exports (from something like 30% down to 15%). No need to think they can't survive cutting the remaining 15%.

 

5. That 15% US exports is 3% of China GDP. So even if all of that were to disappear, the China GDP would go down by 3%. Except it wouldn't, because the China government is sitting on tons of reserve cash, and they can easily afford to use that to cushion to blow.

 

6. Both the Republicans and Democrats in the US see China's economic strength as a long term problem, and have so for years. So I don't think the US will "fold" either.  They just don't like the way Trump went about it.  You would think, that with all the anti-China propaganda released by the west, it would be easy to marshall a coalition against China in terms of trade. But Trump did the exact opposite: he pissed off everybody.

 

[candide]

1 hour ago, jas007 said:

Just in case you don't realize it.  No serious person on here who knows anything about China believes the nonsense you post.  You and your buddy take turns giving each otherTrophy awards, but really.  No one believe that millions of middle class Chinese can't access the Internet.   

 

There's only one word for what you post:  Amateur.  

Ridiculous B.S. You don't know what you are talking about (and on top of it, you are not representing anyone). 🤣

 

BTW, I don't agree with my "budy", as he claims they support the Chinese regime by choice because they are so happy. Try to follow what I write instead of making it up. My point is that they have been brainwashed by propaganda since primary school. I am also not pro-Russia.

[FriscoKid]

59 minutes ago, wadman said:

 

 

IMO it isn't so much a case of who will win this tariff trade war, and which side will fold first. 

 

1. It's overwhelmingly obvious by now that America (and the euros to some degree) want to contain China.  Trump in his first term put tariffs on China, Biden did too, and now Trump has put even more tariffs. It's just like a extortion/blackmailing/protection money kinda of situation: once you pay, there will almost be more demands in the future.

 

2. 15% (400+ billion) of China exports to the US is good chunk of money. But none of that export is in truly high profit (profit for China) products, as I have detailed here

 

3. China is/was coerced into buying soybean, LNG from the US. LNG is especially a costly one, as they have access to cheap Russian gas and oil.

 

4. So overall, the economic benefit of this 15% of exports isn't nearly as big as you would think at face value.  China had already reduced US exports as a PERCENTAGE of their total exports (from something like 30% down to 15%). No need to think they can't survive cutting the remaining 15%.

 

5. That 15% US exports is 3% of China GDP. So even if all of that were to disappear, the China GDP would go down by 3%. Except it wouldn't, because the China government is sitting on tons of reserve cash, and they can easily afford to use that to cushion to blow.

 

6. Both the Republicans and Democrats in the US see China's economic strength as a long term problem, and have so for years. So I don't think the US will "fold" either.  They just don't like the way Trump went about it.  You would think, that with all the anti-China propaganda released by the west, it would be easy to marshall a coalition against China in terms of trade. But Trump did the exact opposite: he pissed off everybody.

 

Some good points, but Trump has already partially folded, showing signs that he will continue to do so as pressure mounts. He’s already yielded to Apple, Nvidia, Dell, and Tesla as well as other, large, American car manufacturers regarding the importation of smartphones, computers, automobiles, and car parts. He’ll also have no choice but to keep folding on other products as pressure builds from other sectors of the economy.

 

Of course, this isn’t intended as a show of weakness to China, and they may not necessarily see it that way either. He’s simply trying to support some of the largest and most critical companies and industries in the United States. Still, it already exposes the reality that America cannot withstand the level of economic pain he tried to impose, and he will need to continue retreating.

 

At this point, there’s little more he can do but back down in an effort to improve the domestic situation. China, as everyone agrees, is not going to back down. So unless Trump is willing to subject the U.S. economy to prolonged and unnecessary suffering, he has no real alternative.

 

I think in the coming weeks we’ll see a continued pattern of Trump’s slow, piece-by-piece, drip-by-drip capitulation. Again, not due to anything being demanded or posed upon him by China, but simply as a practical necessity in the face of a fight he knows he cannot win.

 

On China’s side, Trump has already backed down on more than 25 percent of their most important exports to the U.S. So whether his retreat is intentional or not is irrelevant. From China’s perspective, they’re already winning and in a stronger position than they were just a week ago, and time only stands to benefit them further.

 

As this continues, Trump will keep cancelling tariffs in ways that try to mask the fact that he’s losing the trade war. But the effect is clear: he’s already lost. He’s backed down on multiple tariffs, and China hasn’t budged.

 

The biggest fundamental difference between China and the USA is that China manufactures a lot, while the USA manufactures very little. That, in itself, is the clearest and most elementary reason why the USA can’t win a trade war against China.

 

For the most part, China is self-sustained and self-sufficient, with the main exception being petrochemicals, but even those it can purchase from Iran and Russia without needing the USA. The USA, on the other hand, relies on multiple products from China that it simply cannot survive without.

[candide]

1 hour ago, wadman said:

 

 

IMO it isn't so much a case of who will win this tariff trade war, and which side will fold first. 

 

1. It's overwhelmingly obvious by now that America (and the euros to some degree) want to contain China.  Trump in his first term put tariffs on China, Biden did too, and now Trump has put even more tariffs. It's just like a extortion/blackmailing/protection money kinda of situation: once you pay, there will almost be more demands in the future.

 

2. 15% (400+ billion) of China exports to the US is good chunk of money. But none of that export is in truly high profit (profit for China) products, as I have detailed here

 

3. China is/was coerced into buying soybean, LNG from the US. LNG is especially a costly one, as they have access to cheap Russian gas and oil.

 

4. So overall, the economic benefit of this 15% of exports isn't nearly as big as you would think at face value.  China had already reduced US exports as a PERCENTAGE of their total exports (from something like 30% down to 15%). No need to think they can't survive cutting the remaining 15%.

 

5. That 15% US exports is 3% of China GDP. So even if all of that were to disappear, the China GDP would go down by 3%. Except it wouldn't, because the China government is sitting on tons of reserve cash, and they can easily afford to use that to cushion to blow.

 

6. Both the Republicans and Democrats in the US see China's economic strength as a long term problem, and have so for years. So I don't think the US will "fold" either.  They just don't like the way Trump went about it.  You would think, that with all the anti-China propaganda released by the west, it would be easy to marshall a coalition against China in terms of trade. But Trump did the exact opposite: he pissed off everybody.

 

It's a fight between a guy who doesn't anticipate anything and is just improvising, and a technocracy which has started to plan for it since Trump 1.0 imposed the first tariffs.

 

That's a polite way to express it! 

[FriscoKid]

On 4/16/2025 at 1:24 PM, jas007 said:

Trump doesn't need to cajole Powell into lowering interest rates. They'll do it gladly, when the time comes.  

Completely untrue. Trump is pushing Powell as hard as he can on this, but to no avail and would prefer to fire him:

 

The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!

 

https://truthsocial.com/@realDonaldTrump/114352766082542122

https://www.marketwatch.com/story/trump-is-furious-that-fed-wont-cut-interest-rates-like-ecb-heres-why-powell-wont-budge-162dfdaa

 

https://www.marketwatch.com/story/if-trump-fires-powell-it-would-blindside-wall-street-and-rattle-financial-markets-4b21833c

 

 

[MicroB]

18 hours ago, Gweiloman said:

The vast number of Chinese tourists in Thailand indicate that the Chinese middle class has plenty of money to travel and that they are free to travel anywhere they want.

 

The fact that the Chinese are opening businesses here and all over Asia indicates their entrepreneurial spirit and belief that they should work for what they want rather than depending on govt handouts.

 

Don't forget the Chinese tourists packing into Becester SHopping village, to buy Made in China brand names in the UK

 

I was rather shocked to go in to the Citygate Factory Outlet Mall on Lantau Island in Hong Kong, and find most of the discount Nike goods were not from China, or anywhere in Asia, but from Turkey.

 

A long time friend is an academic in Taipai. He is vehemently anti-Communist, but he had particular scorn reserved for Hong Kong Chinese, who he regarded as too "white" inside, and that they didn't think like Chinese

 

At the time Hong Kong went back to China, he was pretty happy. I wonder why, because surely it was the Communists in charge now. maybe, he saud, but at least they are Chinese. Around about the same time, there was the Nick Leeson affair' the British broker who brought down Barents Bank after he tried to cover up losses using customer money. He went on the run for a little while, and ended up in a Singapore jail, before being transferred to a British prison. My friend thought the punishment was too lenient (think he got 5 years, which I thought was enough). My friend thought Leeson should have been executed, because of the harm he caused society.

 

And thats the difference between Western individualism, and Chinese confucianism. The latter is all about a harmonious society. It's sometimes presumptuous to assume they are guided by the same moral British, well run, it wasn't a democracy. Chris Patton was probably the wrong choice for the final governor.

 

Some suprising footage of a previous Chinese leader, Jiang Zemin, berating HK journalists in 3 languages, including English, concerning the HK Chief Executive.

 

 

Its instructive. Chinese moral compasses are not Maoist, Leninist, Marxist. They are based on characteristics that are much older, very traditiona;. I suspect Taiwan is actually closer to Communist China than it is, say, the United States. Which means, they will work things out one day with their kith and kin.

[JimHuaHin]

8,000+ aircraft over 30 years, sure to cause a few million job losses in the USA.

 

Trumpeneconomics - where logical and mathematics cannot explain economic decision-making.

[impulse]

1 hour ago, JimHuaHin said:

8,000+ aircraft over 30 years, sure to cause a few million job losses in the USA.

 

Trumpeneconomics - where logical and mathematics cannot explain economic decision-making.

 

China orders are around 3% of Boeing's backlog.  The operative word being "backlog".  Meaning someone else in line will just get theirs sooner.

 

And anyone who thinks Airbus will be the big winner here isn't following news of the C919.  And the C929.  And the...

 

 

[wadman]

35 minutes ago, impulse said:

 

China orders are around 3% of Boeing's backlog.  The operative word being "backlog".  Meaning someone else in line will just get theirs sooner.

 

And anyone who thinks Airbus will be the big winner here isn't following news of the C919.  And the C929.  And the...

 

 

 

Far too much is being made of the "backlog" in orders at Boeing and Airbus. Yes, they do have a big backlog. They could of course just add more production capacity (more production lines), ***IF*** they were confident that orders will continue pouring in at the same rate in the future. But they are not confident, so they don't spend the billions to add more production lines.

[impulse]

31 minutes ago, wadman said:

 

Far too much is being made of the "backlog" in orders at Boeing and Airbus. Yes, they do have a big backlog. They could of course just add more production capacity (more production lines), ***IF*** they were confident that orders will continue pouring in at the same rate in the future. But they are not confident, so they don't spend the billions to add more production lines.

 

But can they?  Honest question...  Under the Biden's FAA, Boeing was limited in their output until they addressed safety and process issues.  Has that limit been rescinded?

 

I haven't been following the Boeing debacle for a few months.