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Koon Yew Yin's Blog

Author: Koon Yew Yin   |   Latest post: Mon, 29 Nov 2021, 9:11 AM

 

Americans need Chinese products - Koon Yew Yin

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Chinese suppliers make up 70-80 percent of Walmart's merchandise, leaving less than 20 percent for American-made products.

Walmart is the largest retailer in the world. 

 

 

Higher import tariffs

Walmart Inc said that prices for shoppers will rise due to higher tariffs on goods from China as the world’s largest retailer reported its best comparable sales growth for the first quarter in nine years.

Bentonville, Arkansas-based Walmart called out the impact of tariffs on consumers after Macy’s Inc delivered a similar warning. The department store chain’s Chief Executive Jeff Genette said tariffs on Chinese imports are hitting its furniture business and warned investors that additional levies would leave its clothing and accessory categories vulnerable.

Trump’s presidency:

I remember during Trump’s presidency; he was bashing China to win more votes because most Americans liked it. He increased the import tariff for Chinese made goods. He did not realise that the increased tariff did not discourage imports because the people needed Chinese made good. In fact, he was actually taxing the Americans.    

China export

China's Top Exports

  • Optical, technical, medical apparatus: $80.2 billion (3.1%)
  • Vehicles: $76.3 billion (2.9%)
  • Miscellaneous textiles, worn clothing: $75.6 billion (2.9%)
  • Toys, games: $71.5 billion (2.8%)
  • Articles of iron or steel: $71.1 billion (2.7%)
  • Clothing, accessories (not knit or crochet): $62.3 billion (2.4%)

 

BEIJING, Oct 13 (Reuters) - China's export growth unexpectedly accelerated in September, as still solid global demand offset some of the pressures on factories from power shortages, supply bottlenecks and a resurgence of domestic COVID-19 cases.

The world's second-largest economy has staged an impressive rebound from the pandemic. Resilient exports could provide a buffer against growing headwinds including weakening factory activity, persistently soft consumption and a slowing property sector in China.

Outbound shipments in September jumped 28.1% from a year earlier, up from a 25.6% gain in August. Analysts polled by Reuters had forecast growth would ease to 21%.

 

"Exports have continued to outperform and accelerate, even after omitting the impact of base effects," said Erin Xin, Greater China economist at HSBC, adding that earlier shipments of holiday consumer products in light of global supply chain disruptions may be behind the continued strength in exports.

Americans need Chinese made products. Joe Biden cannot pass a day without using a Chinese product.

As prices for imported goods from China are going up higher and higher, most Americans are now rushing to buy in advance for the coming Christmas and New Year.

 

 

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Cupcakes69 qqq3333

Perhaps you should do extensive study of reliable informational reading materials to understand the "reflection of the times", instead of watching films commisioned by the the CCP. You wouldn't expect UMNO to give a reliable unbiased assessment of their achievements, so it makes no sense to now give the benefit of the doubt to the CCP who went so far as to create a "Great Internet Firewall" to control what chinese can and cannot see.
20/10/2021 1:34 PM
Sslee China is doing a great experiment to attain the Confucian ideal of 大同世界. Until now humans have tried using Confucianism, Democracy and Communism to achieve an ideal utopian society. All have failed.

Capitalism is very good in creating wealth but very bad in distributing wealth.

Communism focused on end result of equality. From each its best to each its need. Very idealistic. Not good in creating wealth. In the end it is "commom poverty".

Ancient Confucianism was government of the emperor, for the people but not by the people. Original Democracy was government of the people,for the people and by the people. Today's American democracy is government of the 1 %, for the 1% and by the 1%.

Communism was supposed to be government of the proletariat, for the proletariat and by the Party on behalf of the proletariat.

Modern China is trying to combine the ideas of Marxism and Confucianism to create what is called "Socialism with Chinese characteristics." The next 30 years will be crucial to its success or failure in achieving 共同富裕。
20/10/2021 1:40 PM
Tobby Posted by qqq3333 > Oct 20, 2021 9:15 AM | Report Abuse

Tobby > Oct 20, 2021 12:05 AM | Report Abuse

Qqq! The thing is chinese China are very enterprising race!
======


enterprising race but hand of sand in the century of humiliation.

Answer : All this claim of victimization by outside forces is pure baloney! Look, the British didn't force chinese China to consume opium! It was pure greed by chinese warlords of the time! Japan almost conquer China through Puyi! China civilization collapse in perfect storm of internal civil wars!
20/10/2021 1:44 PM
qqq3333 Cupcake....the positive transformation of China last 40 years is the greatest in human history even surpassing the expectations of its chief architect Deng. It covers 20 percent of human population and elimination of extreme poverty in China.

Generally China do not like to comment of other people internal politics unless they go interfere with China.

Doomsday predictions for China has been wrong like forever and will continue to be wrong. By 2049, they intend to be first in all aspects including materialism, environmental, consumption, health, equality, education, peace, stability, moral, ....no one as ambitious as the CCP.

For thousands of years, China not short of high quality political thinkers and philosophers....but only with peace and stability can they do their best ideas into action.


The generation who put up the Goddess of democracy in 1989 have now grown up to be national leaders. Ask to see if any of them still feels the same way?
20/10/2021 3:20 PM
Cupcakes69 qqq3333

"greatest in human history", yet living standards are still lower than Japan, South Korea, Singapore. Most Asian countries (including upper-middle income country, Malaysia ) also started from the bottom and reduced extreme poverty, not just China. So the question remains, why should developing countries follow China's development model when China itself have not manage to achieve high-income status like Japan, Singapore, and South Korea?

First in all aspects? That's nice and all, nothing wrong with being ambitious. Even Malaysia, in its 12MP, plans to be a high-tech and high-income country in just 4 years. But until those ambitions are actually realised, what is there to shout about?

Are you Malaysian? You seem waaaay too excited and defensive of China to be Malaysian.
20/10/2021 4:56 PM
qqq3333 malaysia? The only thing that breaks world records is 1 MDB...and Sheraton.
20/10/2021 5:18 PM
cyeec2000 Talking alot still havent migrate is afraid to be there?migrate there 1st then only text to here to share with us how good there are only we can trust.. If not just only tin kosong
20/10/2021 5:24 PM
Sslee Wonder why they are still so many people like to carry white man balls and do their dirty job in slandering China based on Western propaganda?

Can they think critically? Or they are brain dead?
20/10/2021 5:58 PM
cyeec2000 Wonder why they are so many people like to carry xi ball , if you think here not good and there are so good why afraid to be,migrate?then you can share real experience to here winning thousand words isnt it? If not why you afraid for?
20/10/2021 6:03 PM
Cupcakes69 Some people really like to describe China as if it's some kind of Wakandian utopia, as if it's the richest, smartest, strongest, most advance, most moral country in the world, that can do nothing wrong and whose leaders will always get it right. It's downright crazy. Perhaps some critical thinking should be in order to understand the real reality of China.
20/10/2021 7:05 PM
warrenchok90 Sure thing. China product cheaper than american products… even now most of the american using china mobile phone i doubt.
20/10/2021 7:11 PM
huawei19 Malaysia is still the best model and place to be....
20/10/2021 7:21 PM
Sslee Haha,
I thought some people really like to describe USA as if it's some kind of Wakandian utopia, as if it's the richest, smartest, strongest, most advance, most moral country in the world, that can do nothing wrong and whose leaders will always get it right. It's downright crazy. Perhaps some critical thinking should be in order to understand the real reality of USA.

China CCP is pratical and pragmatic:

摸着石头过河, that translates to “cross the river by feeling the stones”. It is generally attributed to Deng Xiaoping, who used it as a metaphor to describe China’s approach towards the reform and opening (改革开放).

With opening and market economy China had reached a stage where many social ills of capitalist is showing it urgly self hence the need of common prosperity 共同富裕
China is doing a great experiment to attain the Confucian ideal of 大同世界.

https://palladiummag.com/2021/10/11/the-triumph-and-terror-of-wang-huning/
Read above article carefully.

Either way, our world is witnessing a grand experiment that’s now underway: China and the West, facing very similar societal problems, have now, thanks to Wang Huning, embarked on radically different approaches to addressing them. And with China increasingly challenging the United States for a position of global geopolitical and ideological leadership, the conclusion of this experiment could very well shape the global future of governance for the century ahead.

N.S. Lyons is an analyst and writer living and working in Washington, D.C. He is the author of The Upheaval.
20/10/2021 7:22 PM
Sslee Mao Zedong said very early on: in the end, practice leads theory. You begin with reality, seeking truth from facts.

毛泽东很早就说过:归根结底,实践引领理论。你从现实出发,实事求是。
20/10/2021 7:30 PM
Cupcakes69 Sslee

USA is sh*thole. Prefer to do business with them, buying their products (including shares), and getting their sweet sweet capital, but hell no to living there. This goes for both China and USA.
20/10/2021 7:34 PM
treasurehunt 我終於發現了一個秘密. 我能靠股票賺錢生活並不是我厲害,聰明和反應快. 自己的寫作能力比人家差, 科學不理想, 算數也好不到哪裡去... 這樣子也能靠股市生活也有點可笑. 我今天才發現原來在股市中玻璃心的人多所以我才能混得下去. 感恩!
20/10/2021 7:39 PM
qqq3333 Cupcakes69 > Oct 20, 2021 7:05 PM | Report Abuse

Some people really like to describe China as if it's some kind of Wakandian utopia,
========

why? it very simple.....China wins, everyone wins, China loses everyone loses.
20/10/2021 11:27 PM
qqq3333 https://www.youtube.com/watch?v=hZ3BxOtIR8I


luckily China not going to lose.
20/10/2021 11:36 PM
Sslee qqq3,
China is over 90% Han and the Han people believe in a common ancestor and share a common literature. We may not be able to understand each other‘s spoken language, but we share the same literature whether it is the Romance of the Three Kingdoms or the Confucian classics. This is unique to Chinese civilisation. No other country can be like China in this regard.

The CCP has to take as reality the nature of Chinese society which is deeply rooted in its own history and tradition. The CCP cannot operate in Western society or Russian society. It operates in the reality of Chinese society. So as Mao Zedong said very early on: in the end, practice leads theory. You begin with reality, seeking truth from facts. The CCP is capable of leading the Chinese people but it is certainly not capable of leading other people. By the way CCP do not wish nor has any obligation to lead other people so please mind you own business.
21/10/2021 6:42 AM
qqq3333 y Sslee > Oct 21, 2021 6:42 AM | Report Abuse

so please mind you own business.

===========


not fair, its not fair to take away my rights to enjoy myself.
21/10/2021 9:20 AM
qqq3333 and, still more opportunities in China than anywhere else in the planet.
21/10/2021 9:41 AM
qqq3333 common prosperity....some thing that whiteman politicians talk but dare not act except in China where they can act and deliver.
21/10/2021 9:44 AM
qqq3333 wang huning..............millions of wang huning in China.

China has the most technocratic government in the world.
21/10/2021 9:59 AM
Cupcakes69 Most technocratic government? Then why still not developed high income country like Japan, SK, and Singapore?

The CCP took into account the nature of chinese society? You mean by destroying the The Four Olds: Old Ideas, Old Culture, Old Habits, and Old Customs of chinese people during the cultural revolution. Mao considered the Confucian belief system to be bourgeois and reactionary, a philosophy that had too long kept the chinese people backward. So “The Analects” was banned and Confucian texts burned. Qufu Confucius’s tomb was blown up by the Red Guard.
Next, chinese architecture were destroyed, classical literature and Chinese paintings were torn apart, and Chinese temples were desecrated. With all that destruction of chinese culture and caused by the CCP during Mao's era, I think remnants of true traditional chinese culture can only be found among its diaspora, where Malaysian/singaporean/taiwanese chinese are more attuned to traditional chinese culture.
21/10/2021 11:40 AM
qqq3333 Jack Ma says CCP cannot regulate modern economy using old tools.

CCP steps up its regulations against monopolies, better data protection, better worker protections ...

who is right?

If u are American, u say Jack Ma is correct.

but the regulations have great support in China.

Its some thing Americans cannot do because over there Big Corporations makes the rules.
21/10/2021 11:55 AM
qqq3333 Cupcakes69 > Oct 21, 2021 11:40 AM | Report Abuse

Most technocratic government? Then why still not developed high income country like Japan, SK, and Singapore?

The CCP took into account the nature of chinese society? You mean by destroying the The Four Olds: Old Ideas, Old Culture, Old Habits, and Old Customs of chinese people during the cultural revolution. Mao considered the Confucian belief system to be bourgeois and reactionary, a philosophy that had too long kept the chinese people backward. So “The Analects” was banned and Confucian texts burned. Qufu Confucius’s tomb was blown up by the Red Guard.
Next, chinese architecture were destroyed, classical literature and Chinese paintings were torn apart, and Chinese temples were desecrated. With all that destruction of chinese culture and caused by the CCP during Mao's era, I think remnants of true traditional chinese culture can only be found among its diaspora, where Malaysian/singaporean/taiwanese chinese are more attuned to traditional chinese culture.

======

cupcakes is Taiwanese......too bad Taiwwanese in the 80s claim they represent Chinese tradition but can they still make the claim nowadays? more like Taiwanese represent Americans.
21/10/2021 11:57 AM
qqq3333 when China is down, even Chinese look down on Chinese traditions.

that is fact.

that is why rejuvenation is the key word in China today.
21/10/2021 12:09 PM
qqq3333 look at the HK black shirts and BNO holders.

brain washed not that difficult.
21/10/2021 12:13 PM
qqq3333 the most vibrant city in the world is Shenzhen, just across the border from HK, but they prefer to be Grab drivers and waitresses in London than be managers and professionals in Shenzhen.

these are ideologues not truth from facts.
21/10/2021 12:16 PM
Sslee Modern China is trying to combine the ideas of Marxism and Confucianism to create what is called an ideal utopian society "大同世界" common prosperity.


大同概念出自《礼记·礼运》大同章(通常简称“礼运大同篇”),当中记载孔子与弟子言偃的对话中,提到假如社会能实践“大道”,便能达到在贤能之士领导下,人人讲求信用、追求和睦,从而建立互助互爱、所有人一心只为社会贡献劳力的美好世界。

“ 大道之行也,天下为公,选贤与[注 1]能,讲信修睦,故人不独亲其亲,不独子其子,使老有所终,壮有所用,幼有所长,矜寡[注 2]孤独废疾者皆有所养;男有分,女有归。货恶其弃于地也,不必藏于己;力恶其不出于身也,不必为己,是故谋闭而不兴,盗窃乱贼而不作,故外户而不闭,是谓“大同”。 ”
相对而言,夏、商、周三代由于无法实践“大道”,人人只为私利而纷争不断,社会只能达到“小康”的境界,必须透过礼义约束人民来建立秩序。
21/10/2021 12:21 PM
Cupcakes69 qqq3333

Taiwan didn't blow up Confusious' tomb, unlike the PRC. Traditional chinese culture in mainland China was destoyed by the CCP. They didn't just abandoned it or changed it, they went so far as to destroy it, and even killed people so that it doesn't even exist in the mind.

And btw, Taiwan is a high-income economy unlike China. So talks of the CCP government being the best form of government that can govern the chinese people is false. That's probably why the CCP wants to take over Taiwan, it a testament to their failure. That there is a viable and better alternative to one-party dictatorship rule. So your love for the CCP is not based on facts, but ideological driven.
21/10/2021 12:59 PM
qqq3333 Posted by Cupcakes69 > Oct 21, 2021 12:59 PM | Report Abuse

qqq3333

Taiwan didn't blow up Confusious' tomb, unlike the PRC.
==========

Confucious have been a political ball for 2500 years in China, it all depends on the zeilgeits of the times.


both Hu and Xi fathers killed during CR, yet they rose to be President of China.....it all depends on being flexible, adaptable and truth from facts.
21/10/2021 1:21 PM
qqq3333 CCP never have problems reinventing themselves..............
21/10/2021 1:22 PM
qqq3333 Deng sacked by the Party multiple times and survived,

One thing about the CCP, they are very flexible, adaptable, and find solutions to problems
21/10/2021 1:26 PM
qqq3333 How many Americans/ Australians want to die defending Taiwan?

willing to die defending Taiwwan?

more than mainland Chinese willing to die for uniting Taiwan?
21/10/2021 1:31 PM
Cupcakes69 So much overglorification for the CCP, even though PRC not high-income country, unlike Taiwan haha.
21/10/2021 1:36 PM
Cupcakes69 Uniting Taiwan? You mean by invading and killing Taiwanese and taking everything the Taiwanese built through their own hardwork. As if destroying chinese culture wasnt enough, now thhe CCP wants to fight with other chinese. Barbaric. Let me guess, you expect the CCP to "adapt" or "reinvent" themselves out of that too XD.
21/10/2021 1:47 PM
qqq3333 Taiwanese are nice people, nice place....but their politics very ugly.

Taiwan is an unresolved issue left behind from a previous era.
21/10/2021 1:56 PM
qqq3333 taking Taiwan by force is easy.

it is the post takeover issues that are difficult to solve at the moment.


but if Taiwan declares themselves independent and closes the door on peaceful reunification, then it leaves Beijing no choice.
21/10/2021 1:59 PM
Cupcakes69 You say Taiwane politics very ugly, but its a high-income country. So that mean PRC's politics is uglier because only upper-middle income.
21/10/2021 2:12 PM
Cupcakes69 Taiwan has never been under the People Republic of China. How can they reunify with something they were never a part of? The PRC should just leave the Taiwanese alone, stop being war mongerers.

Taking Taiwan will be easy? Hahaha, that's jsut CCP propaganda. No war is easy. Especially if it's on enemy territory.
21/10/2021 2:19 PM
qqq3333 Sslee > Oct 21, 2021 12:21 PM | Report Abuse

Modern China is trying to combine the ideas of Marxism and Confucianism to create what is called an ideal utopian society "大同世界" common prosperity.
=========


wang huning :


“Since 1949, we have criticized the core values of the classical and modern structures, but have not paid enough attention to shaping our own core values.” Therefore: “we must create core values.” Ideally, he concluded, “We must combine the flexibility of [China’s] traditional values with the modern spirit [both Western and Marxist].”
21/10/2021 2:24 PM
qqq3333 Posted by Cupcakes69 > Oct 21, 2021 2:19 PM | Report Abuse

Taiwan has never been under the People Republic of China. How can they reunify with something they were never a part of? The PRC should just leave the Taiwanese alone, stop being war mongerers.

Taking Taiwan will be easy? Hahaha, that's jsut CCP propaganda. No war is easy. Especially if it's on enemy territory.

==========

if China choose to sanction / punish / cut off Taiwan, Taiwan will collapse politically and economically immediately.
21/10/2021 2:26 PM
Cupcakes69 Then china won't get its supplies of advance semiconductors, very important in powering anything that needs decent computing power. How will factories assembling iPads in China run without supplies of Apple M1 chip that can only be manufacured by Taiwan. So China will only shoot itself in the foot.

Plus, China may be the biggest market (in PPP), but it's not the only market. And unless they control the financial system like the US does, sanctions wont work to the degree of collapsing Taiwan. It's more likely that Taiwanese will be more angry and hate China, making "reunification" even more unlikely.
21/10/2021 2:43 PM
Sslee https://www.csis.org/analysis/what-us-one-china-policy-and-why-does-it-matter?amp

Q1: What is the U.S. “One China” policy? Why does it exist?

A1: When the United States moved to recognize the People’s Republic of China (PRC) and de-recognize the Republic of China (ROC) in 1979, the United States stated that the government of the People’s Republic of China was “the sole legal Government of China.” Sole, meaning the PRC was and is the only China, with no consideration of the ROC as a separate sovereign entity.

The United States did not, however, give in to Chinese demands that it recognize Chinese sovereignty over Taiwan (which is the name preferred by the United States since it opted to de-recognize the ROC). Instead, Washington acknowledged the Chinese position that Taiwan was part of China. For geopolitical reasons, both the United States and the PRC were willing to go forward with diplomatic recognition despite their differences on this matter. When China attempted to change the Chinese text from the original acknowledge to recognize, Deputy Secretary of State Warren Christopher told a Senate hearing questioner, “[W]e regard the English text as being the binding text. We regard the word ‘acknowledge’ as being the word that is determinative for the U.S.” In the August 17, 1982, U.S.-China Communique, the United States went one step further, stating that it had no intention of pursuing a policy of “two Chinas” or “one China, one Taiwan.”

To this day, the U.S. “one China” position stands: the United States recognizes the PRC as the sole legal government of China but only acknowledges the Chinese position that Taiwan is part of China. Thus, the United States maintains formal relations with the PRC and has unofficial relations with Taiwan. The “one China” policy has subsequently been reaffirmed by every new incoming U.S. administration. The existence of this understanding has enabled the preservation of stability in the Taiwan Strait, allowing both Taiwan and mainland China to pursue their extraordinary political and socioeconomic transitions in relative peace.
21/10/2021 3:39 PM
Sslee Q2: What is the U.S. position on who has sovereignty over Taiwan?

A2: In the San Francisco Treaty of Peace of 1951, Japan renounced “all right, title and claim to Formosa and the Pescadores.” Neither the Republic of China nor the People’s Republic of China were parties to the treaty, and thus neither was declared a beneficiary of the Japanese renouncement.

While President Richard Nixon’s private notes show him willing to recognize the status of Taiwan as determined and part of China, subsequent U.S. documents and statements show the United States as having no position on the Taiwan sovereignty question.

The U.S. position regarding sovereignty over Taiwan remains steady and consistent with its “one China policy”: both sides of the Taiwan Strait should mutually and peacefully agree to a resolution of this as yet unsettled issue. The United States doesn’t agree with Beijing’s claim to sovereignty over Taiwan, nor does it agree with Taipei that the ROC is an independent, sovereign state.
21/10/2021 3:45 PM
Sslee Q7: Why is China so fearful of Taiwan becoming independent?

A7: With the return of Hong Kong to Chinese control in July 1997, Taiwan remains one of the few areas over which Beijing claims sovereignty but does not control. It is widely viewed by Chinese on the mainland as the last vestige of the century of humiliation that began with the Opium Wars in the middle of the nineteenth century. The persisting separation of the mainland and Taiwan is also portrayed as a hindrance to China’s reemergence as a great power, which President Xi Jinping has dubbed the great rejuvenation of the Chinese nation. The Chinese Communist Party’s legitimacy is linked to its pledge to achieve reunification of Taiwan with the motherland. A commonly held view on the mainland is that no Chinese leader could remain in power if he allowed Taiwan to separate from the PRC and be recognized by the international community as an independent sovereign state.

The Anti-Secession Law, adopted by Beijing in 2005, sets forth three conditions under which China would be justified in using “non-peaceful means and other necessary measures to protect China’s sovereignty and territorial integrity: 1) Taiwan independence forces cause Taiwan’s secession from China; 2) Major incidents entailing Taiwan’s secession from China occur; or 3) possibilities for peaceful reunification are completely exhausted.
21/10/2021 3:48 PM
qqq3333 China says what it means and means what it says....yet every step of the way got people misrepresent China
21/10/2021 5:14 PM
qqq3333 Kissinger and Nixon....so when will another Kissinger/ Nixon emerge in America?
21/10/2021 5:18 PM
qqq3333 Only 3 political leaders ever given the title Old friends of China, Nixon, Kissinger and recently Merkel of Germany
21/10/2021 5:44 PM


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