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China hits Lockheed Martin and Raytheon with export ban after US arms sales to Taiwan
(www.independent.co.uk)
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this post was submitted on 02 Jan 2025
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I imagine Washington and Beijing are probably in some degree of concurrence about US defense contractors not having a supply chain that goes through China.
Not really, they're the one country besides Israel that the US will never invade or go to war with, since it would permanently end the US economy.
Note China needs American money just as much as America needs Chinese junk.
Actually they don't. Their own middle class is outspending the US, and brics ensures the US isnt ever the primary consumer market ever again.
The U.S. spent over half a trillion dollars on Chinese goods in 2022. You're telling me they don't need that?
https://ustr.gov/countries-regions/china-mongolia-taiwan/peoples-republic-china
The country with a 17 trillion usd GDP? Yeah the half trillion in exports isn't that important.
Sorry... 5% of their GDP isn't that important?
What the fuck are you talking about?
Correct, 5% of GDP, specifically from the private sector, would not effect China. It'd make some investors mad, but no one would lose their home, no one would starve, hell they wouldn't even be out of work unless they refused public sector jobs - of which there are nearly twice as many as private sector jobs.
This is some real ignorance of basic macroeconomics.
What basic macroeconomics? The fact China's economy is insulated from capital and isn't reliant on imports anymore?
China isn't a capitalist nation in anyway. They have a private market, which cannot effect the rest of the economy.
You could have saved a lot of time by just telling everyone that you've never been to China and have no clue how it really operates. The Nordics are more communist than China.
I do love it when people tell me a nation with a massive stock exchange and over 800 billionaires isn't capitalist.
The nordics have less than 40% of their economy in the private sector? Got literally any sources for that little one?
Do you think that makes China communist? Could you share your definition of communism? Because I don't think it's Marx's.
Apparently they couldn't. They could accuse you of not reading your theory though.
Oh no, you've never read theory or anything even marginally related to economics from anything but a corporatist perspective.
I'm so sorry.
Anyway this discussion is above you. China is a socialist state. They are a dictatorship of the proletariat, not of capital. Their economy is centrally planned. Their economy is 60% publicly owned. The part of the economy that is a private market has nothing to do with anything essential to life. No part of Marx nor Lenin's work precludes a market economy. Not one single part.
Read your theory.
You realise that during the great recession GDP dropped by less than 5% in the US right?
I will never not laugh at BRICStards. BRICS is and always will be a joke. It's a fabrication by Goldman Sachs that needy despots latched onto and are trying to manifest into reality because they're jealous of not being part of NATO.
It's not really a NATO "common defense" analogue and more of a G7-style economic partnership among countries not in the G7.
https://www.visualcapitalist.com/charted-comparing-the-gdp-of-brics-and-the-g7-countries/
NATO has nothing to do with brics. Given you have no idea how Chinas economy works I guess I shouldn't have expected you to know the difference between economic and military pacts.
Over half the world's GDP and population are a part of brics btw.
NATO is not only military. It never has been. It's ideological.
Oh sorry I didn't realize this was a parody account — carry on.
~~Coming in HOT with the delusions this morning.~~
My bad, this is a shitposting account guys. It's just jokes.
I think you misunderstand the complexity of the situation. The US would go to war on behalf of our economic interest and allies depending on the leadership, but not likely initiate itat the moment. China is under immense pressure of a different type and may use military might in the future to change it's power, but both have challenge which make your statement too black and white to be valid. It's more gray.
The following are all Foreign Affair, but give good long form context to current challenges.
https://www.foreignaffairs.com/china/why-china-wont-give-failing-economic-model
https://www.foreignaffairs.com/china/chinas-real-economic-crisis
https://www.foreignaffairs.com/china/chinas-gray-zone-offensive-against-taiwan-backfiring
https://www.foreignaffairs.com/united-states/why-china-isnt-scared-trump
The 1800s want their predictions back
Dan Daly intensifies
The chances of the US shooting its own dick by deciding to invade another country can sometimes be low, but they're never zero.