Washington in 1796:
- “Against the insidious wiles of foreign influence (I conjure you to believe me, fellow-citizens) the jealousy of a free people ought to be constantly awake.”
Beijing in 1999:
- “. . . the world’s number one debtor nation, a country which relies on the inflow of foreign capital to support its economic prosperity, the United States, would definitely have . . . heavy economic losses. Such an outcome would certainly be better than a military strike.”
Washington in 1796:
- “There can be no greater error than to expect or calculate upon real favors from nation to nation. It is an illusion, which experience must cure, which a just pride ought to discard.”
“China looks to the US for low-end manufacturing”
[SCMP link -- August 11, 2014]
- Rising labour costs have led mainland suppliers to set up manufacturing in America. Chinese investment in the United States manufacturing sector is speeding up as the mainland’s cost advantage has been eroded, given increasingly abundant energy resources from the shale oil boom in the US.
“U.S. Net International Investment Position”
- The U.S. net international investment position at the end of the first quarter of 2014 was -$5,539.3 billion (preliminary) as the value of U.S. liabilities exceeded the value of U.S. assets.
“China to raise natural gas prices”
[Xinhua link -- August 12, 2014]
- China will raise the wholesale price of natural gas for non-residential use by 20.5 percent from Sept. 1, the second step in overall energy price reform.
“Automakers lower prices following monopoly concerns”
[China Daily link -- July 29, 2014]
- “Cutting prices is a business act, and the government welcomes it. Price cutting is one of their remedial measures. If they lower the prices to a reasonable level, that means they are sincere.” — Xu Kunlin, director of the Bureau of Price Supervision and Anti-Monopoly under the National Development and Reform Commission
“Chinese company Shandong Yuhuang Chemical to build $1.85 billion complex in St. James Parish”
- Most of the methanol will be shipped by ocean vessel to China for use in Shandong Yuhuang’s other chemical operations, the company said. About 20 to 30 percent will be sold to North American customers and shipped by river barge and rail.
“China’s Shandong Tranlin to invest $2 bln in U.S. plant”
- China’s Shandong Tranlin Paper Co Ltd will invest $2 billion in a paper and fertilizer plant in Virginia.
“PotashCorp Markets & Industries, Fertilizer, China”
- China uses more fertilizer than any other country accounting for approximately 30 percent of world consumption.
- Per capita renewable water and land resources are well below global average levels.
- Domestic consumption of meat has risen nearly seven-fold in 30 years, while fruit and vegetable consumption is nearly 10 times what it was 30 years ago.
- China is becoming increasingly reliant on grain imports.
“Chinese paper company to set up shop in Richmond suburbs”
- “I believe that China has made a concerted decision to spend billions of dollars outside of mainland China, to invest in the United States of America,” [Governor] McAuliffe said. “I think that’s a strategic geopolitical decision they’ve made. And if they’re going to be spending billions of dollars in the United States of America, we want those dollars to be spent here in the Commonwealth of Virginia.”
“Germany’s Aichele to build $2 million manufacturing plant in Gastonia”
- Aichele says it decided to open the U.S. plant in an effort to collaborate with new U.S. customers. The company makes machines that cut, mill or drill in the nonwovens, paper and other industries.
“BMW Latest to Cut Spares Prices in China Amid Antitrust Probe”
- The NDRC [National Development and Reform Commission] is undertaking the investigation to protect the competitive order of the auto industry and to safeguard consumer interests,” Li said at this week’s briefing. The commission has completed an investigation into 12 Japanese companies and will soon announce the actions it will take, he said.
“The great rule of conduct for us in regard to foreign nations is in extending our commercial relations, to have with them as little political connection as possible.”
– George Washington in 1796
E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1116] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender