You have to go back to early 80s to find American products dominated the shelves of 3rd and 4th world nations. Since then, China has quietly moved in, supplying cheaper products.
It has entered Africa, the Caribbean, and South America. Markets that singly aren’t all that lucrative, but collectively have made China the 2nd, soon to be 1st largest economy.
One has to search for American products, whether clothing or appliances or even skin cream, because the shelves are full of products from China and other places.
Even the little flags we had during the Olympics, and the tee shirts came from China, (unless one went to a specific shop in a part of Kingston where everything is made in Jamaica and they ran out).
For America to embargo Chinese goods won’t mean much. The world is already shopping Chinese. The goods are cheaper, easier to get, and fill the shelves.
Whether you are in Zambia or Antigua, Kinshasa or Kingston, Chinese goods fill the shelves and nary an America item can be found
This isn’t the 60s where America could warn countries; “If you trade with Cuba, we won’t trade with you.” Try it today.
In most 3rd World Countries China has stepped in, built this, created that, and tons of goods arrive every week. In some places they open their own shops and hire locals. In other places they are merely suppliers.
In most 3rd World Countries China buys up raw materials. They are cheap, and it doesn’t matter if they deplete the supply in five years, for there are other places which have the same raw materials.
In most 3rd World Countries China can buy up produce. It doesn’t matter if the local markets are now bare, the growers count their money.
In most 3rd World Countries trade with America has declined every year. Less items exported, less items imported. There is no dislocation.
Unlike olden days where armies would arrive, wars would be fought, territory would be captured, administrations set up, and the conquered nation become a part of the conqueror, today it is done without break a sweat.
China doesn’t care if the state they have entered practices cannibalism or prays to a green banana. It has no interest in anything like ‘human rights’ or ‘fair trade’ or ‘working conditions’. China couldn’t care less who or what rules and by what means. All China cares about is cash and carry.
China is the world’s largest exporter, and will remain so.
What is the Main Cause of a Heart Attack? What is its Solution? A heart attack is the blockage of… Read More
In the vast economic arena, one term that often takes center stage, inciting extensive debates and discussions, is the "debt… Read More
De-Dollarization: The Changing Face of Global Finance The financial landscape is in a state of flux, with an intriguing economic… Read More
The curtains closed on a dramatic Bundesliga season with Bayern Munich standing tall once again, clinching their 11th straight title.… Read More
The Unfolding Story of Celine Dion's Health In recent news that has left fans across the globe stunned, iconic singer… Read More
As the echoes of the recent NBA season start to fade, the attention of enthusiasts is firmly glued to one… Read More
View Comments
China is a great giant, and is still progressing by leaps and bounds. You can consider the CPEC agreement of CHINA and Pakistan. China has the guts to invest and thats why it has the right to enjoy the benefits associated with these investments.
China sees a market and goes for it. It sees what people want and supplies it, much cheaper than others can.
China is on the world stage for a reason. I always thought the reason was just to keep balance in the world order and provide some competition to other countries in the international arena. Notice I didn't say “balance and harmony”. Also notice that I did not say “friendly competition”. China has set their mind to accomplishing certain things and are on their way. Though many disapprove, especially because they ignore human rights while being on their way, it would not be wise to ignore the ten thousand pound gorilla in the midst of the nations. :)
My friends in Africa mentioned how China 'invaded' there markets, and shortly after, they invaded ours. As I mentioned in the article, it is almost impossible to find a Non-Chinese item in a shop. Whether you want a TV, a perculator, a microwave.... China.
Yes, there is a time to sow and there is a time to reap now the time USA trade flourishing has gone and on the contrary China has taken commercial time in his hand. I think Chin trade time will also pass one day and any other country will take its place.
The U.S. trade deficit with China was $365.7 billion in 2015 This is a new record, up slightly from last year's record of $343 billion.
The trade deficit exists because U.S. exports to China were only $116.2 billion while imports from China hit a new record of $481.9 billion. The deficit keeps growing because imports are rising faster than exports.
The United States imports consumer electronics, clothing, and machinery from China.
A lot of the imports are from U.S.-based companies that send raw materials to China for low-cost assembly. When they are shipped back to the United States, they are called imports even though they are profiting American-owned companies. (Source: "U.S. Trade in Goods With China," U.S. Census.)
The main cause of deficit of USA trading china in recent years as Quite simply, China can produce goods that Americans want at the lowest cost. How does China keep prices so low? Most economists agree that China's competitive pricing is a result of two factors:
A lower standard of living, which allows companies in China to pay lower wages to workers.
An exchange rate that is partially set to be always priced lower than the dollar
The U.S. trade deficit with China means that U.S. companies that can't compete with cheap Chinese goods must either lower their costs or go out of business. Many businesses reduced their costs by outsourcing jobs to India and China, adding to U.S. unemployment.
Other industries have just dried up. U.S. manufacturing, as measured by the number of jobs, declined 34% between 1998 and 2010. As these industries declined, so has U.S. competitiveness in the global marketplace. (Source: "Employees by Industry