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China to eradicate poverty in 3 years

The plan is both ambitious and achievable based on China’s remarkable economic and infrastructural records.

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Chinese news outlet Xinhua has released the full remarks of President Xi Jinping from a 23 June symposium on the eradication of poverty which took place in Shanxi Province.

During his speech President Xi stated that he seeks to embark on a three year plan to fully eradicate rural poverty in the county.

The Chinese economic boom which begun during the reformist era of Paramount Leader Deng Xiaoping, has transformed China from a mainly agrarian developing economy to an industrial powerhouse and leading exporter. The IMF has recently stated that it expects to move its headquarters to China within a decade as it is projected with almost complete certainty that in terms of GDP, the Chinese economy will soon outpace that of the United States which had led the world for most of the 20th century and into the 21st. In many other areas, China already leads the world.

Three major developments have occurred under the leadership of Xi Jinping which have had further transformative effects on China.

First of all, it was during XI’s period in office that in 2013, China announced One Belt–One Road, the wide reaching trading/commerce infrastructure plan which seeks to harmonise world trade and elevate the trading capacities of both developing and developed economies. Crucially, unlike western derived schemes such as the WTO, One Belt–One Road does not include any requirements on governance or a nation’s economic characteristics. Instead, China seeks to integrate each nation’s growing capacities along wide reaching land roads and maritime belts in an interlocking system which plays to the existing and projected strengths of economies across several continents.

The second great achievement of the Xi era has been the flourishing of China’s internal market for not only basic goods but also Chinese made luxury goods. It is not out of the question that in the near future China’s number one market for Chinese made goods, will in fact be China, just as this was the case in respect of the United States during much of the 20th century.

Finally, China is rapidly moving on a path towards energy self-sufficiency and doing so in a manner that relies greatly on green technology. New cities in China are increasingly running primarily or entirely on solar energy at a pace which outstrips every other major nation and global region.

In many ways, the logical final frontier of China’s march towards full prosperity is the eradication of what remains of poor conditions in some rural areas.

President Xi said the following on the subject,

“We must send our best talents to the front line of the tough battle with extreme poverty. All levels of government should actively send cadres to station in poor villages in an effort to fortify the party leadership”.

He continued,

“The priority for the next stage is to solve the problems of social services, infrastructure and a basic medical services shortage in areas with deep-rooted poverty issues”.

The South China Morning Post further reports that Xi’s plan includes the following goals 

–An equitable distribution of land in poor rural areas 

–Relocate certain residents in decrepit areas to areas with modern living and working accommodations 

–Improve rural medical facilities and care, with an emphasis on the elderly and ill

–Employ local residence in environmental protection initiatives 

–Improve rural education 

–Create new transport infrastructure to poor rural locations 

–Create a plethora of new jobs in rural areas 

–Remove 12 million people from the official definition of poverty 

President Xi has stated that he believes these ambitious goals can be accomplished in spite of their broad scope. He has said,

“As long as we pay great attention, think correctly, take effective measures and work in a down-to-earth way, abject poverty is absolutely conquerable”.

China’s growth between 1978 and the present day has confounded most naysayers and defied the trends which have shaped modern expectations for economic and infrastructural growth.

Based on this reality, there is every chance that President Xi’s ambitious plans will in a few short years, become a settled reality for China.

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Shahna
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I realise it’s been pretty rough for some but nonetheless it’s been simply amazing.
Amazing what a govt can achieve when it also works for all its people instead of only for itself and a rich few.

….Even more amazing that this should be so for China – and not a Western nation where instead we see, increasing poverty.

Hamletquest
Guest
Hamletquest

However you describe it, communism with a capitalist twist or capitalism with a communist twist the state organised economy seems to work.

Simon
Guest
Simon

I’d describe it as getting your priorities right, based on reality.
Of course if they ‘enjoyed’ Liberal Democracy they might prioritise spending $2 trillion on a 16 year war in eg Bolivia or Congo instead.

Terry Ross
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Terry Ross

I cannot imagine a Liberal China with a high proportion of its 1.38 BILLION people confused about gender identity.

JNDillard
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JNDillard

I don’t know who I admire more – Putin or Xi. Together, these guys are presenting the world with a viable way forward as the Empire dies.

tomo stojanovic
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tomo stojanovic

it’s simple – to prosper, a country just needs to make sure psychopaths are not put in positions of power. They cannot care about others even if they wanted to, such is the nature of their sickness. Putting them in charge of a country is like putting a fox in charge of a hen house. Americans instead glorify and worship them.

Godfree Roberts
Guest

If you study it, you’ll see that our system weeds out anyone who’s not sociopathic.

XRGRSF
Guest
XRGRSF

IMO the economic models of both Russia, and China are National Socialist. Read Mein Kampf, and pay special attention to the economic theories posited by Gottfried Feder. This exercise requires conscious thought so it’s not for those faint of heart or foggy of mind. Reading Mein Kampf will no more turn a person into a Nazi that reading Das Capital will turn someone into a Communist so please spare me the “NAZI, NAZI, NAZI !!!” hysteria. It seems that a number of nations, especially in the Pacific rim, have begun to move purposefully toward the NS economic model. Regardless of… Read more »

Shahna
Guest

….. Have you actually read Mein Kampf? I mean … started on the first page and gone all the way to the last? I ask because I tried. Really – I REALLY TRIED But it’s a whole big lorry catootie of …. endless WAFFLING. (I thought the preface’s description of “political pornography” was… kind.) It was banned here you see, so of course, I wanted to read it. And I eventually lent it to someone under the same terms I received it: You may borrow it if you promise never to return it. Nationalist Socialist Germany had some really very… Read more »

XRGRSF
Guest
XRGRSF

Political Pornography? Do you think the reviewer could be somewhat biased. Yes, I’ve studied Mein Kampf. I have the two major translations from German to English: Murphy, and Manheim. I also have papers done my Chinese, Japanese, and Russian scholars. There is also an on line searchable version of Mein Kampf. Obviously, I don’t view Mein Kamph in the way you do, and the reason could be that I read with an open mind. Considering that you live in a society where Mein Kampf is banned perhaps you should ask why? What is it that your social engineers are afraid… Read more »

Shahna
Guest

Was the writer of the preface biased? Probably – seems to me everyone is biased about MK one way or the other. I asked you because I was curious… I read most of the book but found it excruciatingly waffly. (And that was a LONG time ago.) I was hoping for …. reason rather than ‘just umbrage.’ I don’t live in a society where MK is banned. I live in South Africa: it was banned under the Apartheid Govt and book banning went the way of that govt. (NP govt was VERY good friends with Israel. And I mean VERY… Read more »

MyWikiDisQus
Guest
MyWikiDisQus

You wrote that you’ve read Mein Kampf (see: http://hitler.org/writings/Mein_Kampf/ ). Chapter 11 succinctly articulates Adolf’s extreme racism against the Jewish people. Under Germany’s national socialist policies, the country miraculously recovered economically from the severe financial demands put upon it by the World War I reparations outlined in Article 231 of the Treaty of Versailles. However what if the fuehrer: 1. Didn’t blame the woes of German poverty on an entire race of people? 2. Didn’t extol the false virtues of Aryan society propaganda? 3. Didn’t put Germany on a path to destruction by making war in Europe? In your opinion:… Read more »

Seán Murphy
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Seán Murphy

Hitler and Germany didn’t start WW2: France and Britain declared war on Germany. Germany didn’t have much choice in the matter.

MyWikiDisQus
Guest
MyWikiDisQus

Germany invaded Czechoslovakia in March of 1939 and Poland on September 1, 1939 (today is the 78th anniversary). If you don’t consider those two events as the start of WW II, then you’ve read the wrong history books.

XRGRSF
Guest
XRGRSF

Germany invaded Czechoslovakia, and Poland to protect ethnic Germans from extermination. Also, there was the issue of taking back territory the return of which was provided for in the Versailles Treaty. England, France, and the Soviet Union piled on to turn a local issue into a war that deeply damaged their nations, and murdered as many as 75,000,000 people. Perhaps you’ve read the wrong history books.

MyWikiDisQus
Guest
MyWikiDisQus

The three and a half million ethnic Germans who lived in the North and Western regions of Czechoslovakia (Sudetenland) were never threatened with “extermination” as you falsely wrote.

Hitler coerced the Czechs into giving up Sudentenland or face invasion. The Munich Treaty that was brokered by Britain’s Neville Chamberlain allowed Germany to annex the regions thereby gaining 10,000 square miles of territory in September, 1938. Six months later, the German Wehrmacht occupied Prague and Hitler declared Czechoslovakia “no more” (see: http://www.wehrmacht-awards.com/service_awards/sudetenland_occupation.htm ).

XRGRSF
Guest
XRGRSF

Nations come, and nations go; history is replete with that. Czechoslovakia peeled off of the Austro-Hungarian empire in 1918, bounced around as pseudo nation until 1993, and then dissolved. During that time it was troublesome, and added greatly to global conflict. It reminds me of that other pseudo nation: Ukraine.

Constantine
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Constantine

Come on, dude. Hitler attacked Poland. What should the allies do? Sit and watch? They already did that in 1938, when it was only the USSR that prepared for a military conflict if necessary in order to aid Czechoslovakia.

Hitler and Germany DID start WWII. The revisionist view I tend to vehemently oppose is the one that originates in the Anglo-American countries, in Poland and the Baltics, always by virulent Russophobes. This is that the USSR is equally responsible for the outbreak of the war.

XRGRSF
Guest
XRGRSF

My post concerned the economics of NS Germany. I don’t care one wit about the Jewish people. What if? Who cares? What if you Jews didn’t invent the holohoax, and use it as an excuse to steal Palestine? What if you hadn’t put Israel on a path to destruction by feeding on the rest of the world? Do you really think you can protect yourselves with white quilt generated by your propaganda forever? Trust me, you will soon find that the sun does not rise, and fall on your fat kosher butt. A. The policies of exceptionalism, and militarism don’t… Read more »

MyWikiDisQus
Guest
MyWikiDisQus

Please, your accusations of being a Zionist sympathizer are wasted. You couldn’t even give an opinion without running your racist mouth off. My question to you was based on historical facts relative to Germany’s rise from the ashes of financial ruin, poverty and starvation of its people. If Hitler focused on growing the nation into an international hub for commerce instead of war, Germany may have been one of the great economic powers of that era. Germany was one of the first European nations to extricate itself from the Great Depression. Under the national socialists, unemployment was reduced from 6… Read more »

Constantine
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Constantine

While many policies of the Nazis were positive, the underlying context was that of a sacrosanct state of the chosen, superior race. And that affected the course of the country. Thus, the reduction of unemployment was based to a certain extent to the mobilization of the war industry and the expansion of the armed forces. And success was further fed by territorial expansion. This is the case of the gold reserves of Czechoslovakia (much of it being the former Russian Imperial gold seized by the Czech Legion during the Civil War) which were used to balance the increasing military costs… Read more »

XRGRSF
Guest
XRGRSF

Actually, I’m more of a fan of accurate history presented without distortion, and bias. You should try it sometime.

So tell me, Constantine, do you really view yourself as an Emperor?

XRGRSF
Guest
XRGRSF

Why can’t you stay on the subject of economics? In what way am I racist? Am I racist simply because I refuse to worship a pack of thieving Zionist Jews? Is it because your primary motivation is to use what you view as racism to attack anyone who fails to bow before your Zionist Jews? The world has grown weary of your constant cries of racism, and antisemitism. Besides, Judaism is supposed to be a religion not a race.

MyWikiDisQus
Guest
MyWikiDisQus

Glad you’re back. Let’s continue this thread and try and come to an understanding. You asked four questions in tandem. Q1: “Why can’t I stay on the subject of economics?” I did but I had to establish the background of Hitler’s racism he so succinctly declared in his autobiography as the foundation of my two points being, (A) his consuming bigotry towards the Jewish people blinded him from his greater achievement of leading Germany’s economic recovery and (B) by exploiting the success of his work and spreading it throughout Europe, he may have laid the genesis for the European Union… Read more »

XRGRSF
Guest
XRGRSF

Indeed, let’s come to an understanding; 1. I made a comment on pre-WW 2 German economics, and you immediately piled on with the Jew garbage after I firmly stated that I was not supporting the Nazi cause. Why did you do that? Because the Jew is terrified of the effect of NS economics on their banking cartel. I submit a quote for Winston Churchill: “The unforgivable sin of Hitler’s German was to develop a new economic system by which the international bankers were deprived of their profits.” You then went on to obfuscate the subject by introducing spurious tidbits of… Read more »

MyWikiDisQus
Guest
MyWikiDisQus

X-Man, I have to shake my head at your ridiculous assumptions and lack of comprehension when someone posts historical, irrefutable facts that you deliberate misconstrue to support a line of personal thought that reveals your blind, unwarranted hatred for an entire race of people. Your original post is not in dispute about the economic benefits of the German government’s national socialist economic model in the early 1930’s. I even concurred with your understanding of that period in my initial post. Did you even read what I wrote? Here let me repeat it again, word for word. “Under Germany’s national socialist… Read more »

XRGRSF
Guest
XRGRSF

I’ve studied all of the Abrahamic religions, in excruciating detail, and that’s why I don’t subscribe to them. You, sir, regardless of any or no religion that you profess, are a Jew. In this instance you are condemned by your own words, “Jews are a people who may or may not follow a religion.” It’s no small wonder that you are terrified by a discussion of NS economics.

MyWikiDisQus
Guest
MyWikiDisQus

Your rant is incomprehensible and your conversation foul. You try and make a case for defamatory accusation based on what; that I wrote the truth? Despite your hatred for Jews, they are a tribe of people recognized by the world; the last of the Hebrew race. Like all peoples, there are good Jews and bad Jews representing the eternal struggle of man. They will all be judged in the end, like the rest of us. Your attempt to fashion a cogent argument about period economics and commingle it with racial condemnation is incredulous. You want to write about Germany’s national… Read more »

XRGRSF
Guest
XRGRSF

NS economics not NS policies. However, I love the way you people react when you’re desperate: Insults, name calling, and big words. Shakespeare had you pegged long ago, “All sound, and fury signifying nothing.”

MyWikiDisQus
Guest
MyWikiDisQus

Whoa, back up a few posts, X-Man, it was you who slung the first vitriol, not me! However I apologize, I’ll try not to use “big words” to confound you in the future.

Policies are the administrative foundation for a government’s action. For example, The National Socialist policy for the German Workers Party was based upon a 25 point program (see: http://www.hitler.org/writings/programme/ ).

Here is some more detail on their economic policies (see: http://ihr.org/other/bauer1939economicpolicy )

and here (see: https://nazieconomicpolicy.wordpress.com/2010/10/29/1933-to-1936/ ).

Born Free
Guest
Born Free

I’ll believe it when I see it. They are in a bad financial position now and have been for years….way worse than America…

Godfree Roberts
Guest

They’re in great shape financially, according the the BIS. Average debt for their peers (way less than Japan’s) fast, sustainable growth, strong public support. Perhaps you’ve read too many headlines like these: 1990. The Economist. China’s economy has come to a halt. 1996. The Economist. China’s economy will face a hard landing 1998. The Economist: China’s economy enters a dangerous period of sluggish growth. 1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy. 2000. Chicago Tribune: China currency move nails hard landing risk coffin. 2001. Wilbanks, Smith & Thomas: A hard landing in China. 2002. Westchester… Read more »

louis robert
Guest
louis robert

Confirmation:

“Democracy is Failing | Eric X Li | Oxford Union”

https://m.youtube.com/watch?v=9kqwMKyBvLc

Godfree Roberts
Guest

Weirdly, it’s China that’s the real democracy:https://www.unz.com/article/selling-democracy-to-china/#new_comments

louis robert
Guest
louis robert

Very interesting. Thanks, Godfree.

China will be central in my grandchildren’s world, a very different one indeed from the current one.

Born Free
Guest
Born Free

Disagree. China is facing a bank crisis because of their debt. It’s much greater than ours as a percentage of GDP.

Godfree Roberts
Guest

Here’s ours and theirs:comment image

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Skripal and Khashoggi: A Tale of Two Disappearances

Two disappearances, and two different responses.

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Authored by Finian Cunningham via The Strategic Culture Foundation:


Two disappearances, and two very different responses from Western governments, which illustrates their rank hypocrisy.

When former Russian spy Sergei Skripal went missing in England earlier this year, there was almost immediate punitive action by the British government and its NATO allies against Moscow. By contrast, Western governments are straining with restraint towards Saudi Arabia over the more shocking and provable case of murdered journalist Jamal Khashoggi.

The outcry by Western governments and media over the Skripal affair was deafening and resulted in Britain, the US and some 28 other countries expelling dozens of Russian diplomats on the back of unsubstantiated British allegations that the Kremlin tried to assassinate an exiled spy with a deadly nerve agent. The Trump administration has further tightened sanctions citing the Skripal incident.

London’s case against Moscow has been marked by wild speculation and ropey innuendo. No verifiable evidence of what actually happened to Sergei Skripal (67) and his daughter Yulia has been presented by the British authorities. Their claim that President Vladimir Putin sanctioned a hit squad armed with nerve poison relies on sheer conjecture.

All we know for sure is that the Skripals have been disappeared from public contact by the British authorities for more than seven months, since the mysterious incident of alleged poisoning in Salisbury on March 4.

Russian authorities and family relatives have been steadfastly refused any contact by London with the Skripal pair, despite more than 60 official requests from Moscow in accordance with international law and in spite of the fact that Yulia is a citizen of the Russian Federation with consular rights.

It is an outrage that based on such thin ice of “evidence”, the British have built an edifice of censure against Moscow, rallying an international campaign of further sanctions and diplomatic expulsions.

Now contrast that strenuous reaction, indeed hyper over-reaction, with how Britain, the US, France, Canada and other Western governments are ever-so slowly responding to Saudi Arabia over the Khashoggi case.

After nearly two weeks since Jamal Khashoggi entered the Saudi consulate in Istanbul, Turkey, the Saudi regime is this week finally admitting he was killed on their premises – albeit, they claim, in a “botched interrogation”.

Turkish and American intelligence had earlier claimed that Khashoggi was tortured and murdered on the Saudi premises by a 15-member hit squad sent from Riyadh.

Even more grisly, it is claimed that Khashoggi’s body was hacked up with a bone saw by the killers, his remains secreted out of the consulate building in boxes, and flown back to Saudi Arabia on board two private jets connected to the Saudi royal family.

What’s more, the Turks and Americans claim that the whole barbaric plot to murder Khashoggi was on the orders of senior Saudi rulers, implicating Crown Prince Mohammed bin Salman. The latest twist out of Riyadh, is an attempt to scapegoat “rogue killers” and whitewash the House of Saudi from culpability.

The fact that 59-year-old Khashoggi was a legal US resident and a columnist for the Washington Post has no doubt given his case such prominent coverage in Western news media. Thousands of other victims of Saudi vengeance are routinely ignored in the West.

Nevertheless, despite the horrific and damning case against the Saudi monarchy, the response from the Trump administration, Britain and others has been abject.

President Trump has blustered that there “will be severe consequences” for the Saudi regime if it is proven culpable in the murder of Khashoggi. Trump quickly qualified, however, saying that billion-dollar arms deals with the oil-rich kingdom will not be cancelled. Now Trump appears to be joining in a cover-up by spinning the story that the Khashoggi killing was done by “rogue killers”.

Britain, France and Germany this week issued a joint statement calling for “a credible investigation” into the disappearance. But other than “tough-sounding” rhetoric, none of the European states have indicated any specific sanctions, such as weapons contracts being revoked or diplomatic expulsions.

Canadian Prime Minister Justin Trudeau said he was “concerned” by the gruesome claims about Khashoggi’s killing, but he reiterated that Ottawa would not be scrapping a $15 billion sale of combat vehicles to Riyadh.

The Saudi rulers have even threatened retaliatory measures if sanctions are imposed by Western governments.

Saudi denials of official culpability seem to be a brazen flouting of all reason and circumstantial evidence that Khashoggi was indeed murdered in the consulate building on senior Saudi orders.

This week a glitzy international investor conference in Saudi Arabia is being boycotted by top business figures, including the World Bank chief, Jim Yong Kim, JP Morgan CEO Jamie Dimon and Britain’s venture capitalist Richard Branson. Global firms like Ford and Uber have pulled out, as have various media sponsors, such as CNN, the New York Times and Financial Times. Withdrawal from the event was in response to the Khashoggi affair.

A growing bipartisan chorus of US Senators, including Bob Corker, Marco Rubio, Lindsey Graham and Chris Murphy, have called for the cancellation of American arms sales to Saudi Arabia, as well as for an overhaul of the strategic partnership between the two countries.

Still, Trump has rebuffed calls for punitive response. He has said that American jobs and profits depend on the Saudi weapons market. Some 20 per cent of all US arms sales are estimated to go to the House of Saud.

The New York Times this week headlined: “In Trump’s Saudi Bargain, the Bottom Line Proudly Stands Out”.

The Trump White House will be represented at the investment conference in Saudi Arabia this week – dubbed “Davos in the Desert” by Treasury Secretary Steven Mnuchin. He said he was attending in spite of the grave allegations against the Saudi rulers.

Surely the point here is the unseemly indulgence by Western governments of Saudi Arabia and its so-called “reforming” Crown Prince. It is remarkable how much credulity Washington, London, Paris, Ottawa and others are affording the Saudi despots who, most likely, have been caught redhanded in a barbarous murder.

Yet, when it comes to Russia and outlandish, unproven claims that the Kremlin carried out a bizarre poison-assassination plot, all these same Western governments abandon all reason and decorum to pile sanctions on Russia based on lurid, hollow speculation. The blatant hypocrisy demolishes any pretense of integrity or principle.

Here is another connection between the Skripal and Khashoggi affairs. The Saudis no doubt took note of the way Britain’s rulers have shown absolute disregard and contempt for international law in their de facto abduction of Sergei and Yulia Skripal. If the British can get away with that gross violation, then the Saudis probably thought that nobody would care too much if they disappeared Jamal Khashoggi.

Grotesquely, the way things are shaping up in terms of hypocritical lack of action by the Americans, British and others towards the Saudi despots, the latter might just get away with murder. Not so Russia. The Russians are not allowed to get away with even an absurd fantasy.

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US-China trade war heats up as surplus hits record $34 Billion (Video)

The Duran – News in Review – Episode 136.

Alex Christoforou

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According to a report by the AFP, China’s trade surplus with the United States ballooned to a record $34.1 billion in September, despite a raft of US tariffs, official data showed Friday, adding fuel to the fire of a worsening trade war.

Relations between the world’s two largest economies have soured sharply this year, with US President Donald Trump vowing on Thursday to inflict economic pain on China if it does not blink.
The two countries imposed new tariffs on a massive amount of each other’s goods mid-September, with the US targeting $200 billion in Chinese imports and Beijing firing back at $60 billion worth of US goods.

“China-US trade friction has caused trouble and pounded our foreign trade development,” customs spokesman Li Kuiwen told reporters Friday.

But China’s trade surplus with the US grew 10 percent in September from a record $31 billion in August, according to China’s customs administration. It was a 22 percent jump from the same month last year.

China’s exports to the US rose to $46.7 billion while imports slumped to $12.6 billion.

China’s overall trade — what it buys and sells with all countries including the US — logged a $31.7 billion surplus, as exports rose faster than imports.

Exports jumped 14.5 percent for September on-year, beating forecasts from analysts polled by Bloomberg News, while imports rose 14.3 percent on-year.

While the data showed China’s trade remained strong for the month, analysts forecast the trade war will start to hurt in coming months.

China’s export jump for the month suggests exporters were shipping goods early to beat the latest tariffs, said ANZ’s China economist Betty Wang, citing the bounce in electrical machinery exports, much of which faced the looming duties.

“We will watch for downside risks to China’s exports” in the fourth quarter, Wang said.

Analysts say a sharp depreciation of the yuan has also helped China weather the tariffs by making its exports cheaper.

“The big picture is the Chinese exports have so far held up well in the face of escalating trade tensions and cooling global growth, most likely thanks to the competitiveness boost provided by a weaker renminbi (yuan),” said Julian Evans-Pritchard, China economist at Capital Economics.

“With global growth likely to cool further in the coming quarters and US tariffs set to become more punishing, the recent resilience of exports is unlikely to be sustained,” he said.

According to Bloomberg US President Donald Trump’s new U.S.-Mexico-Canada Agreement isn’t that different from the North American Free Trade Agreement that it replaced. But hidden in the bowels of the new trade deal is a clause, Article 32.10, that could have a far-reaching impact. The new agreement requires member states to get approval from the other members if they initiate trade negotiations with a so-called non-market economy. In practice, “non-market” almost certainly means China. If, for example, Canada begins trade talks with China, it has to show the full text of the proposed agreement to the U.S. and Mexico — and if either the U.S. or Mexico doesn’t like what it sees, it can unilaterally kick Canada out of the USMCA.

Although it seems unlikely that the clause would be invoked, it will almost certainly exert a chilling effect on Canada and Mexico’s trade relations with China. Forced to choose between a gargantuan economy across the Pacific and another one next door, both of the U.S.’s neighbors are almost certain to pick the latter.

This is just another part of Trump’s general trade waragainst China. It’s a good sign that Trump realizes that unilateral U.S. efforts alone won’t be enough to force China to make concessions on issues like currency valuation, intellectual-property protection and industrial subsidies. China’s export markets are much too diverse:

If Trump cuts the U.S. off from trade with China, the likeliest outcome is that China simply steps up its exports to other markets. That would bind the rest of the world more closely to China and weaken the global influence of the U.S. China’s economy would take a small but temporary hit, while the U.S. would see its position as the economic center of the world slip into memory.

Instead, to take on China, Trump needs a gang. And that gang has to be much bigger than just North America. But most countries in Europe and East Asia probably can’t be bullied into choosing between the U.S. and China. — their ties to the U.S. are not as strong as those of Mexico and Canada. Countries such as South Korea, Germany, India and Japan will need carrots as well as sticks if they’re going to join a U.S.-led united trade front against China.

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the escalating trade war between the United States and China, and the record trade surplus that positions China with a bit more leverage than Trump anticipated.

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Via Zerohedge Trump Threatens China With More Tariffs, Does Not Seek Economic “Depression”

US equity futures dipped in the red after President Trump threatened to impose a third round of tariffs on China and warned that Chinese meddling in U.S. politics was a “bigger problem” than Russian involvement in the 2016 election.

During the same interview with CBS’s “60 Minutes”, in which Trump threatened to impose sanctions against Saudi Arabia if the Saudis are found to have killed WaPo reported Khashoggi, and which sent Saudi stock plunging, Trump said he “might,” impose a new round of tariffs on China, adding that while he has “great chemistry” with Chinese President Xi Jinping, and noting that Xi “wants to negotiate”, he doesn’t “know that that’s necessarily going to continue.” Asked if American products have become more expensive due to tariffs on China, Trump said that “so far, that hasn’t turned out to be the case.”

“They can retaliate, but they can’t, they don’t have enough ammunition to retaliate,” Trump says, “We do $100 billion with them. They do $531 billion with us.”

Trump was also asked if he wants to push China’s economy into a depression to which the US president said “no” before comparing the country’s stock-market losses since the tariffs first launched to those in 1929, the start of the Great Depression in the U.S.

“I want them to negotiate a fair deal with us. I want them to open their markets like our markets are open,” Trump said in the interview that aired Sunday. So far, the U.S. has imposed three rounds of tariffs on Chinese imports totaling $250 billion, prompting China to retaliate against U.S. products. The president previously has threatened to hit virtually all Chinese imports with duties.

Asked about his relationship with Vladimir Putin and the Kremlin’s alleged efforts to influence the 2016 presidential election, Trump quickly turned back to China. “They meddled,” he said of Russia, “but I think China meddled too.”

“I think China meddled also. And I think, frankly, China … is a bigger problem,” Trump said, as interviewer Lesley Stahl interrupted him for “diverting” from a discussion of Russia.

Shortly before an audacious speech by Mike Pence last weekend, in which the US vice president effectively declared a new cold war on Beijing (see “Russell Napier: Mike Pence Announces Cold War II”), Trump made similar accusations during a speech at the United Nations last month, which his aides substantiated by pointing to long-term Chinese influence campaigns and an advertising section in the Des Moines Register warning farmers about the potential effects of Trump’s tariffs.

Meanwhile, in a rare U.S. television appearance, China’s ambassador to the U.S. said Beijing has no choice but to respond to what he described as a trade war started by the U.S.

“We never wanted a trade war, but if somebody started a trade war against us, we have to respond and defend our own interests,” said China’s Ambassador Cui Tiankai.

Cui also dismissed as “groundless” the abovementioned suggestion by Vice President Mike Pence that China has orchestrated an effort to meddle in U.S. domestic affairs. Pence escalated the rhetoric in a speech Oct. 4, saying Beijing has created a “a whole-of-government approach” to sway American public opinion, including spies, tariffs, coercive measures and a propaganda campaign.

Pence’s comments were some of the most critical about China by a high-ranking U.S. official in recent memory. Secretary of State Michael Pompeo got a lecture when he visited Beijing days later, about U.S. actions that were termed “completely out of line.” The tough words followed months of increases tit-for-tat tariffs imposed by Washington and Beijing that have ballooned to cover hundreds of billions of dollars in bilateral trade.

During a recent interview with National Public Radio, Cui said the U.S. has “not sufficiently” dealt in good faith with the Chinese on trade matters, saying “the U.S. position keeps changing all the time so we don’t know exactly what the U.S. would want as priorities.”

Meanwhile, White House economic director Larry Kudlow said on “Fox News Sunday” that President Donald Trump and Chinese President Xi Jinping will “probably meet” at the G-20 summit in Buenos Aires in late November. “There’s plans and discussions and agendas” being discussed, he said. So far, talks with China on trade have been “unsatisfactory,” Kudlow said. “We’ve made our asks” on allegations of intellectual property theft and forced technology transfers, he added. “We have to have reciprocity.”

Addressing the upcoming meeting, Cui said he was present at two previous meetings of Xi and Trump, and that top-level communication “played a key role, an irreplaceable role, in guiding the relationship forward.” Despite current tensions the two have a “good working relationship,” he said.

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Massacre in Crimea kills dozens, many in critical condition

According to preliminary information, the incident was caused by a gas explosion at a college facility in Kerch, Crimea.

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“We are clarifying the information at the moment. Preliminary figures are 50 injured and 10 dead. Eight ambulance crews are working at the site and air medical services are involved,” the press-service for the Crimean Ministry of Health stated.

Medics announced that at least 50 people were injured in the explosion in Kerch and 25 have already been taken to local hospital with moderate wounds, according to Sputnik.

Local news outlets reported that earlier in the day, students at the college heard a blast and windows of the building were shattered.

Putin Orders that Assistance Be Provided to Victims of Blast in Kerch – Kremlin Spokesman

“The president has instructed the Ministry of Health and the rescue services to take emergency measures to assist victims of this explosion, if necessary, to ensure the urgent transportation of seriously wounded patients to leading medical institutions of Russia, whether in Moscow or other cities,” Kremlin spokesman Dmitriy Peskov said.

The president also expressed his condolences to all those affected by the tragic incident.

Manhunt Underway in Kerch as FSB Specialists Investigate Site of Explosion – National Anti-Terrorist Committee

The site of the blast that rocked a city college in Kerch is being examined by FSB bomb disposal experts and law enforcement agencies are searching for clues that might lead to the arrest of the perpetrators, the National Anti Terrorism Committee said in a statement.

“Acting on orders from the head of the NAC’s local headquarters, FSB, Interior Ministry, Russian Guards and Emergency Ministry units have arrived at the site. The territory around the college has been cordoned off and the people inside the building evacuated… Mine-disposal experts are working at the site and law enforcement specialists are investigating,” the statement said.

Terrorist Act Considered as Possible Cause of Blast in Kerch – Kremlin Spokesman

“The tragic news that comes from Kerch. Explosion. The president was informed … The data on those killed and the number of injured is constantly updated,” Peskov told reporters.

“[The version of a terrorist attack] is being considered,” he said.

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