3 thoughts on “Rightwing Nutballs don’t want Chinese investors in American business

  1. Cassandra says:

    “Beijing’s recent sales of securities are triggering concerns that it might dump U.S. securities for leverage in the ongoing spat with Washington.” https://www.ozy.com/fast-forward/trade-war-sparks-fears-of-china-weaponizing-us-treasuries/94604 “It was an unnerving piece of data for investors two weeks back, buried halfway down an esoteric spreadsheet released by the U.S. government that tracks how many Treasuries foreign investors buy and sell. China, the largest foreign creditor to the U.S. government with total Treasury holdings in excess of $1.2 trillion, sold $20 billion of securities with a maturity exceeding one year in March, according to U.S. government data. The sales amounted to China’s largest retreat from the market in more than two years.”
    “China’s ‘self-destructive nuclear option’ in trade war: Selling US Treasury bonds” (May 13) https://www.cnbc.com/2019/05/13/chinas-self-destructive-nuclear-option-in-trade-war-selling-us-treasury-bonds.html China currently owns $1.13 trillion in Treasurys, a fraction of the total $22 trillion in U.S. debt outstanding but 17.7% of the various securities held by foreign governments, according to data from the Treasury and the Securities Industry and Financial Markets Association. Should the Chinese decide to walk away or reduce their role in the market, that, at least in theory, could create a substantial dislocation for a country such as the U.S. that relies so much on sovereign entities to buy its paper.”
    (5/28/19) “The yield on the benchmark 10-year Treasury note fell to a 19-month low Tuesday as Wall Street grew more certain that the U.S.-China trade war will last longer and afflict GDP growth more than first thought.” https://www.cnbc.com/2019/05/28/us-bonds-wall-street-set-to-monitor-economic-data-treasury-auctions.html
    Meanwhile: “After more than a decade of rapid growth, Chinese travel to the US is falling. And that has cities, malls and other tourist spots scrambling to reverse the trend.
    Travel from China to the US fell 5.7 percent in 2018 to 2.9 million visitors, according to the National Travel and Tourism Office, which collects data from US Customs forms. It was the first time since 2003 that Chinese travel to the US slipped from the prior year.” https://www.aljazeera.com/ajimpact/chinese-tourism-drops-time-15-years-190528054234414.html

  2. Gwailo Joe says:

    “We advise the U.S. side not to underestimate the Chinese side’s ability to safeguard its development rights and interests. Don’t say we didn’t warn you!” the People’s Daily said in a commentary titled “United States, don’t underestimate China’s ability to strike back.”
    The phrase “Don’t say we didn’t warn you” has been used by the People’s Daily in 1962 before China’s border war with India and ahead of the 1979 China-Vietnam War.
    China threatened it would cut off rare earth minerals as a countermeasure in the escalated trade battle. The materials are crucial to the production of iPhones, electric vehicles and advanced precision weapons” (CNBC 5/29/19) https://www.cnbc.com/2019/05/29/dont-say-we-didnt-warn-you—a-phrase-from-china-signals-the-trade-war-could-get-even-worse.html
    See also “No access to rare earth minerals could be ‘serious problem for US’s high tech production’, says expert” https://www.cnbc.com/video/2019/05/29/no-access-to-rare-earth-minerals-could-be-serious-problem-for-uss-high-tech-production-says-expert.html

  3. Gwailo Joe says:

    China Warns Citizens Against U.S. Travel, Citing ‘Frequent’ Shootings (Bloomberg 6/4/19) https://www.bloomberg.com/news/articles/2019-06-04/china-warns-citizens-against-u-s-travel-as-trade-spat-deepens The country’s Ministry of Culture and Tourism cited recent “frequent” shootings, robbery and theft in America as the reason for its alert, according to the official Xinhua News Agency on Tuesday.
    The travel warning was spurred by difficulties Chinese nationals are encountering while in the U.S., Foreign Ministry spokesman Geng Shuang told reporters in Beijing. Asked if the move was part of the protracted trade dispute, Geng said it was a response to “current circumstances.”
    The advisory came a day after China warned its students studying in the U.S. to be vigilant as the Trump administration steps up restrictions on academic visas and intensifies its scrutiny of Chinese researchers working in America.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.