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Trump’s speech makes Chinese people surprised

Popularity 11Viewed 13465 times 2016-6-30 15:58 |Personal category:social concern|System category:News| countries, exchange, problems, Chinese, opinion

In the latest speech of Trump, he once more talked about the trading of China. Openly, he said China had totally controlled its exchange rates, which has caused lots of problems to America in trading and other areas. He showed his opinion that he doesn’t support TPP, for it will bring lots of bad effects to America but be helpful to those countries which control the exchange rates such as China. Therefore, he would take measures to solve the problems if he is successful to be the next president of America.

      In other words, if Trump becomes the president, a war of economy between China and America might happen. As a businessman, he clearly knows how to make profits from business. He again and again stresses that he will put up prices in tariff for China. Both countries have argued about the exchange rates for many years, but as time goes by, we can see that both countries have profited from it though it goes with lots of arguments.

Is it as serious as Trump said? Is it the time for America to fight against China in trading? What will happen when Trump starts a war between China and America in trading? Do you have any ideas?

(Opinions of the writer in this blog don't represent those of China Daily.)

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Reply Report voice_cd 2016-7-1 15:19
Thanks for sharing your story here, we have highlighted it.
Reply Report samlam 2016-7-1 16:32
voice_cd: Thanks for sharing your story here, we have highlighted it.
Thank you very much
Reply Report teamkrejados 2016-7-1 20:00
While you call Trump an astute businessman, bear in mind all of the deals he defaulted on (didn't pay contractors as he should have), and his bankruptcies.
Reply Report ColinSpeakman 2016-7-2 08:45
teamkrejados: While you call Trump an astute businessman, bear in mind all of the deals he defaulted on (didn't pay contractors as he should have), and his bankrupt ...
There have been a few biographies about Trump and they all seem to end at Chapter 11 !
Reply Report Dracarys 2016-7-2 09:38
he is not president yet so everything he says and does means nothing to me ..  he would do anything to win the election ..
Reply Report samlam 2016-7-2 09:46
teamkrejados: While you call Trump an astute businessman, bear in mind all of the deals he defaulted on (didn't pay contractors as he should have), and his bankrupt ...
So he might be a speculator in business or politics.
Reply Report samlam 2016-7-2 09:48
ColinSpeakman: There have been a few biographies about Trump and they all seem to end at Chapter 11 !
If Trump has so many shortcomings, why so many Americans support him?
Reply Report samlam 2016-7-2 09:49
Dracarys: he is not president yet so everything he says and does means nothing to me ..  he would do anything to win the election ..
If what he says is not the fact, how can he win so many supporters?
Reply Report Dracarys 2016-7-3 10:26
samlam: If what he says is not the fact, how can he win so many supporters?
cause they doesn't know what exactly going on just like you never know what government was doing ..
Reply Report teamkrejados 2016-7-3 11:33
samlam: If Trump has so many shortcomings, why so many Americans support him?
Because birds of a feather flock together - meaning many think like him, which is not good at all.
Because, like him, so many WASP want to rid the country of everyone who is not like them.
Because so many fear Hillary.
Because they vote the straight republican ticket, whether the candidate is worthy of support or not.
Reply Report RKSmith 2016-7-4 13:38
samlam: If Trump has so many shortcomings, why so many Americans support him?
People support Trump for the same reasons Britain just voted to leave the EU. Because globalism has not worked out well for everyone. It has made a lot of people rich, it has benefitted a lot of countries. But the middle class in America, the working class in America, the people who work in factories making cars and steel, these people have suffered. And Trump is the only candidate who shows concern for those people. Everyone else just calls them uneducated and says they are racist. But they are real people with feelings. And even though Trump is a terrible candidate, he at least pays attention to them.
Reply Report AndrewCraven 2016-7-9 00:45
teamkrejados: Because birds of a feather flock together - meaning many think like him, which is not good at all.
Because, like him, so many WASP want to rid the cou ...
Why They fear Hillary?
Reply Report teamkrejados 2016-7-9 11:36
AndrewCraven: Why They fear Hillary?
Because she has a proven record of political errors, underhanded tactics (email accounts) and misjudgments that have cost lives: in Bengazi, among them.
I personally don't trust her because she wants the presidency too much.
Reply Report AndrewCraven 2016-7-10 20:32
teamkrejados: Because she has a proven record of political errors, underhanded tactics (email accounts) and misjudgments that have cost lives: in Bengazi, among the ...
So you trust Donald Trump?
Reply Report teamkrejados 2016-7-11 08:06
AndrewCraven: So you trust Donald Trump?
Not at all. Do you?
Reply Report mixamixa 2016-7-12 08:44
Trump is not wrong here. The dollar is floating against all currencies and the value of the Chinese yuan is decided by the People's Bank of China, not the market.
Reply Report AndrewCraven 2016-7-12 21:33
teamkrejados: Not at all. Do you?
me neither
Reply Report MichaelM 2016-7-26 23:10
The USD's value is determined by the world market, not by the government. The fact is, the weakening of the RMB helps China in at least two significant ways. (1) When U.S. companies do business with China, they pay their Chinese suppliers (vendors) in USD. When the Chinese supplier/vendor converts that into RMB, they get more RMB and make more profits. This also allows the Chinese companies to be more competitive in their pricing when selling goods to the U.S. In theory, it could help U.S. companies be more competitive when selling goods to customers. (2) The controlled devaluation of the RMB hurts it (the RMB) in being recognized as a trustworthy world currency. Thus, it strengthens the USD in world markets. China controls and sets the value of the RMB at what they want it to be in order to support the economy in China. In a true open market, the market should determine the value of the country's currency. All significant and recognized major currencies in the world allow the market to determine their value, not the government.

On the other hand, if I were making the decision to arbitrarily devalue the RMB in order to support the Chinese economy, then, I might consider doing the same as the Chinese government has done. It definitely helps China even though it is not what countries with major currencies do. China is facing the problem of trying to maintain economic growth at target levels. This is one way that they are addressing the problem.
Reply Report Ted180 2016-7-28 14:39
Trump is not a knowlegeable person despite his small fortune. He will not win. He is an ignorant person somewhat like Erdogan of Turkey. He uses racist feelings in the lower cultural levels of US society to seek power. Mostly, his followers are poor, uneducated people. This is surprising because his real intentions are to benefit the RICH.
Reply Report Donald_Trump 2017-1-27 21:52
Ted180: Trump is not a knowlegeable person despite his small fortune. He will not win. He is an ignorant person somewhat like Erdogan of Turkey. He uses racis ...
REALLY?!?? I guess you were wrong AGAIN!

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  • Trump’s speech makes Chinese people surprised 2018-12-20 06:01

    Ted180: Very wrong! I underestimated the stupidity of American voters!!
    Thus, an admission of your own stupidity.

  • Will dropping of population restrict China’s development? 2018-12-20 04:52

    The environment does matter, but I doubt the population of over 1 billion would drop to 0.1 billion so quickly. I habitually invite students to see these issues globally, and that way to habitually put comments about China's policies into a globally influential context, as is appropriate for a people who sit in the UN Security Council and who have significant gold reserves. A small % of people are concerned for the world facing water shortages. The global population has been doubling in half the time since the 1700s without any wars making a dent in the population explosion, and that is obviously the direct result of mismanaged banks making huge quantities of money freely available so people too easily live indoors and raise so many children. During the past few centuries, national policies were to increase populations because of fear of war with a neighbouring country. But in the past decade, we hear of military leaders in some countries starting to openly wish, online, that they could address threats to the environment as national threats to safety. However, my friends in philosophy point out that the evidence of natural disasters has not convinced some policy makers around the world. Of course, China is known for making green cities: a step toward sustainable urban development. Imagine a few countries in the world able to re-regulate banks and manage the economy to reduce the population explosion, manage international relations to live without fear of war, and so manage to lead international care for sustaining our environment. Walter Rothschild wrote a book listing extinct species of birds, so that our population explosion crowds many species out of life is known to bankers. I hope survival issues matter to policy makers in any country.

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