China Foreign Ministry: For Some Time US Has Been Abusing National Power To Smear Chinese Companies And It Is Not Honorable

Seems reasonable.

Just wait for Trump's answer per Twitter. It's going to be like an episode of "Family Guy". Should be amusing to see how many things they are going to through at eachother until someone says, We did not mean it that way!.

Of course, CCP will try any way to continue to take advantage of the liberal world order, while seeking to subvert it in any way possible. Words are so cheap, even if they bring minimal result, all good.

Let's see when the colonialism and racism cards will be played.

Liberal World order! You mean American hegemony, american imposition of whimsical domestic rules on any country, american destruction of other countries via wars, american might is right world order?

American hegemony has underpinned the liberal world order since 1945, and still does, despite Trump. The majority of what we call "Western" or "developed" countries accepted US hegemony quite readily, and benefited from it. One only need compare North and South Korea or the now former West and East Germany to see what it means to be occupied by USA and what it means to be occupied by The Commie Soviet Union. Or The Republic of China on Taiwan and The CCP-controlled People's Republic - Chinese prosperity only happened after they hitched themselves to the American economic train. Dumping US Treasury bonds? Ha ha ha ha. Makes me laugh.

People who bitch about it forget one crucial thing - compared to the enormous power it wields, USA has shown remarkable restraint of how it has wielded it compared to the other historical empires - so far. That is why the majority of westerners still welcome or at least do not mind USA hegemony. There are few disproportionally loud shrill voices - like yours, apparently - who keep shouting "down with USA", but so far shrieking is the only thing they can do. And it will continue to be so as long as the silent majority supports it.

....so true....

While picking out the flaws of the US, and before that GB, the positive results are ignored. Looking at places that go a different route the results are glaringly worse. Also the US has made great strides in correcting its flaws to the point that the major flaws now are self created by the whiners.

and we all know that China creates a "Fair" environment for all foreign companies trying to invest in China, ? try it, and then you will know what their agenda is really about. these "ministerial" edicts are just posturing in a game of lies, not as much fun as Game of Thrones though :-)

Let's see what Donald Tweety has to say about that

... the pot calling the kettle black..

I think China does have dragons ...

Agree !!

Faults on both sides does not add up to completely lacking in fault on one side, which is Trump's code. USA is blaming China for problems which are in the main domestic US issues. What is the reason for USA borrowing trillions of USD from China? These are voluntary transactions. USA does not save so must borrow to fund the enormous shortfall between saving and intended investment. To blame this fact on the Chinese themselves does seem a bit odd? It's a political position in USA which is indefensible in logic but appeals to the phobia of foreigners in US voters.

"Soon they discovered that these gunpowder tubes could launch themselves just by the power produced from the escaping gas. The true rocket was born. The date reporting the first use of true rockets was in 1232. At this time, the Chinese and the Mongols were at war with each other."

Guess the USA is still paying for this priviledged information. (written with light heart).

"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness."

Let the West support the Chinese in the same pursuits - of course, within the same laws and rules that we agree internationally and that we all are bound by. We do not want another cold war.

It is hard to believe that on this trader forum people (not you) still propagate this nonsense, how USA relied on (nay, begged!) the Chinese to buy US govt. debt to finance their profligate decadent ways.

USA sells debt because under fiat money, govt. debt is the biggest part of the money supply! By selling you its debt, The US government graciously permits you to collect a portion of its future tax receipts, the collection of which is fully organized by that same government, so you do not need to go full Shylock. And delivered to your bank or brokerage account on an electronic computer network, graciously provided by the same government, so you do not need to lift a finger. No wonder everyone and their dog want to buy! Debt is sold on the free market, everyone can buy (directly for big institutions, or via a broker for small players), including PRC.

PRC and its symbiotic entity CCP extorted 4 trillion USD worth of foreign reserves (the exact composition is a state secret, only the aggregate amount is known) from PRC working populace by imposing decades long suppression of the value of the RMB. The vast portion of this money originated in commercial banks across the USA in the form of consumer (credit card) debt. The private debt is the problem. Yes, America is profligate, but this originates in the populace at large, not the government itself. The US government debt is a problem inasmuch as it enables Americans to spend as well as accumulate wealth beyond their means for decades while giving them a convenient scapegoat to pass the buck on. This problem is of societal, not purely financial nature, and here I am only discussing the pure financial mechanics of the US government debt.

Back to PRC. Had they kept that 4 trillion all in cash, they would have gotten nothing else while inflation chips away at its purchasing power. So, PRC buys USA govt debt as a risk-free way to get some interest on these reserves. US debt is one of the very very few assets you can buy in practically unlimited amounts without the price ever going against you.

If PRC does the stupid thing of dumping US debt en masse (I hope they do), Congress can pass a simple law authorizing the Fed to make a special QE-Ch (guess what Ch stands for!) program to buy all debt sold by PRC. PRC will get the cash equivalent of their bonds to do with it as they please. Fed will get the bonds, and can do with it as they please - can hold it and pay interest back to Treasury dept, or retire it, or any combination they want consistent with their monetary policy objectives.

And this is the friendly way of dealing with it.

The true "nuclear" option is for USA to declare partial default on all its government debt held by PRC. Not PRC selling the bonds.

If anyone still think the dollar-denominated US debt held by China is USA problem, good luck to them.

Maybe Trump is feeding his electorate a blame the foreigner narrative. This is what all "far right"s do. Is one of their trademarks. But Trump is not the whole US government. Other entities, above all both political parties in Congress and The Pentagon have rightfully assessed China as a treat. These entities will be there long after Trump is gone. This is the true danger to CCP, not Trump.

In that assessment they are decades late. The reasons for that are way too long to go in depth in here.

You forgot to throw in the paper, the printing press, and the compass.

You see, USA could have indeed paid for this. If Imperial China of old had organized a system for intellectual property protection, the inventor of the "tube with powder" could have gotten a patent. If that China had an efficient legal system that would guarantee his right to monopoly with the backing of the state through military force with a global reach, they could have enforced this right all over the world, for as long as that might endured.

But they didn't. The West did. That's why the West ended up ruling the world, and they did not.

They found that the tube can launch itself by burning powder. And that was it. The West developed chemistry to find the composition of the powder, ways to manufacture it, and to improve on its energy output. It developed physics to calculate the laws of motion of the projectile, which allowed it to extend this basic concept to all manners of projectiles and tubes, including such that can go all the way to The Moon. Etc etc....

That's why the West ended up ruling the world, and they did not.

Go to PRC today and you will see The West. Western looking buildings in western-looking cities, people dressed in western attire riding western looking cars going into offices with western furniture working on western-invented computers and playing with western-invented smartphones, going to western-looking hospitals where they receive western medical treatments, all of this while being ruled by a single political party whose ideology primarily came from the West.

So, I think The West has already "paid" for the things I mentioned above, probably with a hefty markup on top.

And here it gets interesting. That same political party now wants to use all that they got from the west to supplant the west from its dominant position in the world. It reminds me not so much of "the kettle calling the pot black", but rather the movie "The talented Mr. Ripley".....