October 06, 2020
by Leif Johnson for The Saker Blog
The present lockdown of the Western world and much of the Third World is an attack on China. Here is how it works:
- Slash Chinese export earnings. The Chinese economy is heavily export-oriented. Seventeen percent of all China’s enormous production is shipped to countries that now, either cannot afford imports, or whose buying power is reduced from months of massive unemployment. What remains of Chinese exports will fetch lower prices. This comes after China’s export market to its largest trading partner, the U.S., was slapped by 10 to 25% import duties, beginning 2018.
- Bankrupt the Chinese Belt and Road projects. The Chinese export of capital (Belt and Road) for railways, waterways, dams, ports, power stations and other infrastructure improvements in 138 nations in the world, is estimated at three trillion dollars. These projects are expected to be paid for by user fees…
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Globalisierung zähmen und sterben Früchte ernten 