[askaboutit]

Every economy has a plateau then a fall, then a pull back up again. I think the aggressive trade stance and hard line politics by China might have played a major role. As it’s frightened both the local businesses and foreign businesses and lead to all global powers starting to put tariffs and trade barriers up, all due to China wanting to get away with pretty blatant violations of fair trade, huge import taxes on foreign goods, great firewall blocking any foreign purchase easily, hugely subsidised mail, forced ownership sharing, lowered safety regulations, lack of pollutant regulation etc. chuck in a house market with terrible quality at a high price and you’ve got a balloon waiting to pop. I don’t blame the Chinese for wanting to buy any house outside of China. But they’ve taken their “build junk make bank” mentality to the world and it can’t last much longer.

[vkou]

> blatant violations of fair trade, huge import taxes on foreign goods, great firewall blocking any foreign purchase easily, hugely subsidised mail, forced ownership sharing, lowered safety regulations, lack of pollutant regulation

'Free' trade benefits industrialized nations, while mercantilism benefits developing nations. Every currently industrialized nation has, at some point in its past, been incredible protectionist, blatantly violated IP laws, had atrocious safety, employment, and pollution regulations, and large taxes on foreign imports.

China is just catching up to what the rest of the developed world has gone through.

Are you expecting them to look at the history of how the United States, and Europe developed, and go: "Well, gee, protectionism, lax safety regulations, and access to foreign resource markets worked really well for all these other countries... But we shouldn't repeat their success!"

[hopefulengineer]

>China is just catching up to what the rest of the developed world has gone through

in the past there was no world trade organization and there were no multi-national free trade agreements. It's like saying china should be allowed to enslave people because it happened hundreds of years ago. There are now laws against it

I've seen this argument parroted multiple times on many different websites. It's either just the blind leading the blind or Chinese sock puppets spreading lies to justify blatant trade abuses

[mruniverse]

Yeah they shouldn't follow that history.

The US also had slavery.

[HillaryBriss]

> build junk make bank

that's a useful description for an awful lot of products I've purchased over the last 10 years.

in some areas, this market strategy has prevailed so completely that it's really hard for a consumer to find something that's not junk.

[mike986]

> hugely subsidised mail

I noticed this many years ago when ebay vendors from china were able to sell stuff for less that what one has to pay for shipping

What's the implication here in this context?

[Qworg]

It is essentially abusing the UBU to subsidize trade from China. There was an excellent NPR story about it: https://www.npr.org/templates/transcript/transcript.php?stor...

[jacquesm]

> all global powers starting to put tariffs and trade barriers up

That's a bit of a stretch.

[forapurpose]

> I think the aggressive trade stance and hard line politics by China might have played a major role.

It's a nice distraction to attack China when the source of such things, in this tale, is a U.S. that has taken those stances to extremes unimagined before Trump took office. The U.S. fetishizes "hard line" and "aggressive", and has underminedh norms stretching back generations and has destroyed the U.S.'s reputation on trade and international relations. And all those consequences are intentional, a nationalist goal.

> China wanting to get away with pretty blatant violations of fair trade

I don't know that they have done more than other countries similarly situated, beyond allegations by the current U.S. administration as a justification for nationalist policies. Some things on this list of allegations are insubstantial, and we could make a similar lists for other countries. Is there any independent basis that China is worse than other developing countries or than other economic powers (they are both)?

> they’ve taken their “build junk make bank” mentality to the world and it can’t last much longer

This is just an empty stereotype unless you can back it up. Many high quality goods are made in China, including some that you may be using. There is nothing wrong with making cheaper, low-quality goods either.

One might say that U.S. financial industry is the leading proponent of "build junk make bank", with by far the most serious consequences.

> Every economy has a plateau then a fall, then a pull back up again

That's not actually how economics works at all. In the real world, perhaps outside the wealthy country you live in that has had good economic management (though the U.S. and others seem to be losing their way), countries do fall and never recover.