Gatestone Institute senior fellow Gordon Chang joins ‘Varney & Co.’ to discuss the relationship between the China and the U.S. as Treasury Secretary Janet Yellen meets with officials. #foxbusiness
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The way Biden has enabled China the means to become the Superior dominant power in the world today its the United States economy that will be imploding in the next decade not China's,decoupling is the right medicine but that won't happen under the insane Biden policy,Communist China needs only one thing to survive American dollars,the 400 billion dollar deficit in trade we have with China goes a long way to keep China's economy and military growing stronger and stronger,Democrat party is back to their old weak strategies again of secretly managing American decline ,those policies have never worked to contain China for the last 73 years that I have been observing,don't be surprised when Taiwan falls into Communist China's camp and Biden allows it,it will be another surrender to China,and,if that happens,our troops in Taiwan will leave in humiliation just like China wants.
Who ever said,Biden is wrong and he won't decouple,decoupling is the right action and Biden has failed to do that,
Gallium Yuan, Germanium Yuan and Rare Metal Yuan are coming!!!!
OPEC, with less than 35% of the world's total oil production, has a great influence on the oil price globally. It allows the US to use OPEC to support its Petrol Dollar.
China, with its contribution of over 80% of the world's total gallium and germanium, the Gallium Yuan and Germanium are coming.
Without China's raw materials, the chipsets factories like Taiwan TSMC, Dutch ASML and US INTEL are high costs scrapped metals.
The US's inflation and economy will suffer further.
Thanks to the sanctions, name-callings, and threats from the US leaders, China has started to retaliate against the US by restricting exports to US. China has expanded its markets to BRICS, global south countries and become the largest trading partner of over 140 countries.
China is the largest trading partner of the US and also one of the largest investors of the US.
The US government must pay over USD800 billion annual interest for its borrowing. That is more than the GDP of over 170 countries, including Saudi Arabia, Singapore, Sweden, Switzerland and UAE.
The large employers in the US has stopped hiring. The PCE (Personal Consumption Expenditure index) has come down to below 4%. The US banks have reduced lending since November last year (2022), and have stopped lending after March this year (2023) because of the liquidity crisis. The US 2Y T-Note is over 5% and the US 30Y T-Bond is less than 4%.
The US needs China more than China needs the US.
China has beaten the US economy.
China's share of Global GDP is 50% higher than US. In 1980, China's share of global GDP was less than 3%. Last year (2022), China's share of global GDP increased over 6 times to over 18%. The US's share of the Global GDP has dropped to 12.4%, lower than China's.
China contributed over 40% of global IPO fundraised Q1 this year. It has been the largest IPO market in terms of fundraising for more than four quarters. Its GDP of Q1 2023 grew 4.5% yoy, while Q1 2022 GDP growth was 2.9% yoy.
Q1 2023, UK GDP was 0.1% growth, South Korea GDP was 0.3% growth, USA GDP was 1.3% growth, India GDP was 1.9% growth, and Canada was 0.8% growth.
The Q1 2023 Quarter on Quarter foreign direct investment inflow into China has INCREASED by over 4%. In comparison, the Q1 2023 QoQ foreign direct investment inflow into the US has REDUCED by over 33%. Thanks to Brandon for getting rid of President Trump.
A survey by the American Chamber of Commerce in China found that 72% of respondents plan to increase their investment in China in 2023. Another European Chamber of Commerce survey in China found that 65% of respondents were planning to increase their investment in China in 2023.
BRICS, which China and Russia lead, has larger global GDP than G7 countries since 2020.
CCP are heaven-sent guardians of Chinese ancestors' land.
Most of the so-called China experts and media in the West do not understand Chinese and have not been to China before. The Western Media will tell you that China is doing very poorly without mentioning that the Western countries are doing worst.
China's share of Global GDP is 50% higher than US in 2022. The US's share of the Global GDP has dropped to 12.4%, lower than China's.
China contributed over 40% of global IPO fundraised Q1 this year. It has been the largest IPO market in terms of fundraising for more than four quarters. Its GDP of Q1 2023 grew 4.5% yoy, while Q1 2022 GDP growth was 2.9% yoy.
Q1 2023, UK GDP was 0.1% growth, South Korea GDP was 0.3% growth, USA's GDP was 1.3% growth, India's GDP was 1.9% growth, and Canada was 0.8% growth.
The Q1 2023 Quarter on Quarter foreign direct investment inflow into China has INCREASED by over 4%. In comparison, the Q1 2023 QoQ foreign direct investment inflow into the US has REDUCED by over 33%.
A survey by the American Chamber of Commerce in China found that 72% of respondents plan to increase their investment in China in 2023. Another European Chamber of Commerce survey in China found that 65% of respondents were planning to increase their investment in China in 2023.
Yet, the Western Media said China is doing badly.
The Chinese are growing there military at an alarming rate.
Why….
gordon chung topics china will collapse by next year, next year and next year since the last 10 -20 year when I was teen and now I'm even 40 but nothing happen
HERE COMES THE CLOWNS ! HAHA !
Gordon Chang? All I know is he is an expert loser.😂
I think all these "experts" are nothing better than snake oil salesmen.
China isn’t stupid as taught. Patriot missiles are stationed in japan and South Korea watching china 😂😂😂
Plenty of sour 🍇🍇🍇🍇
Who is this clown. Why don't you get Ray Dalio on instead?
Fox could not find any Chinese (American) expert who could be more wrong than Gordon Chang. Congrats to Gordon for securing a lucrative job at Fox.
So when Illegal Immigrants from China with money is OK? Hypocrites
The only reason Yellen's gone to China is because of money. Going into 2024, it's getting desperate for the US under Biden. No matter the provocation from the US, China's not going to make the same mistake Japan did in WW2. China's going to play the long attrition game, just like how Russia's playing it out so successfully in Ukraine. We'll see who implodes first, of course.
That is not why Chinese are coming across the border. They are waiting on orders.
Since I was born 50 yeas ago, China has been declared crashed pretty much every years by various western experts
Laughing stock Gordon is making Fox into one as well.
Yo comrade Chang, you are doing a good job out there.
Mr. Chang, Chinese at your Southern border are POOR CHINESE. Rich Chinese don't do illegal border crossing because they don't want to lose face.
Gordon Change has been very successful in misleading America about China. Even though he has never been right about China, he still gets so many invitations for TV appearances. This shows that Fox news is not interested in the truth about China. It just tells you their narratives about China.
I'm starting to believe that Gordan Chang is actually working for the CCP. Misinforming the US public for decades. I mean, it's brilliant if you ask me.
USA is an antagonist and has been closing China in for years.
Hope they keep corrupt yellon in china.
Love gorden chang.
China under Biden ADMINSTRATION MEANS USA IS A COMMUNIST COUNTRY NOT A CONSTITUTIONAL REPUBLICAN NATION.
UNITED STATES OF CHINA.