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  • Arnaud on this

    If this gets confirmed and Trump indeed folds, this will be seen as one of those seminal events that confirm, beyond all the propaganda, a fundamental rebalancing of power between China and the US, and an end to the era of US economic dominance.

    The impact on China's side was much less pronounced: the CSI 300 Index is virtually unchanged, and so is the cost of China's debt, standing at 1.67% for their 10Y bonds vs 4.4% for US 10Y bonds.

    Due to the tariffs, the IMF just predicted a reduction of only 0.5% in China's GDP growth (down to 4%) vs a loss of 0.9% for the US's GDP (down to 1.8%), meaning that China would keep growing at more than twice the rate of the U.S. despite the tariffs, and would be much less affected by them than the U.S.

    The US possibly no longer being able push other countries' economic policies around is a much bigger deal than people realize

  • World News @lemmy.ml

    Chinese state newspaper claims the US is a 'failed state' ruled by a 'racist president' as it rips into Donald Trump — Article from 2020

  • There's a bunch of Chinese posts asking if the stuff about school shootings, fires, homelessness are exaggerated propaganda only to be told otherwise. It's both hilarious and sad.

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