Gordon Chang
speaker
524 appearances
9 recordings
2 series
first heard Nov 2024
last heard 23 May
Gordon Chang’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in May 2026 with 1.
Appearances
And we know from a substantive point of view that China has recently circulated what it calls a whitelist. In other words, goods it was going to allow into China tariff-free. Now, about a week and a half ago, we saw reporting that about 25% of America's products going into China were coming in tariff-free. In other words, China was making unilateral concessions, was not announcing it,
This was for things like semiconductors, aviation parts, industrial chemicals, medical devices and some medicines that China obviously couldn't get elsewhere. And so this was an important climb down from the Chinese and it was in, you know, they got nothing from the US for doing it. So look, the Chinese position is extraordinarily weak. President Trump recognizes that.
I just hope that he understands that now is the time to press the advantage.
Sie senden ihren Vizepräsidenten He, der ihre Hauptverkäuferin ist und sehr beeindruckend, jemand, der gute Verhältnisse mit Xi Jinping hat. Und jemand, der einen Rang hat, der vergleichbar ist mit dem Vizepräsidenten Bissets. Das ist ein Beweis, dass sie das ernsthaft nehmen. Was noch mehr ist, kann ich nicht wirklich beurteilen.
von der Komposition ihres Gruppes, weil sie es nicht wirklich erläutert haben, außer für den Vizepräsidenten.
It is an attempt to keep some factories open. And the reason is that a lot of these items, like the industrial chemicals and the semiconductors, for instance, they're necessary for China to build and make the products that it then exports. So, yes, to keep some factories open, that's what they're doing. I don't think they're trying to placate workers as such.
Although there are worker protests across China, the regime has been able to control them up to now. So I don't think that at least now they're worried. They should be, but I think it's more just to make sure that China can continue to get the components it needs in order to export. With regard to some of the medicines and medical devices,
I think those are just that China needs them themselves and they can't get them elsewhere. So that's an attempt, I think, just to make sure that their health system doesn't break down.
Long term, if we take a long term perspective, yes, they're growing. Now, even before President Trump took his second office, China's export sector, basically medium and small size factories, a lot of them in the southern portion of the country, were having problems, because they weren't having orders.
And because they weren't having orders in sufficient quantities, they were not being able to pay workers. And so there were worker protests. then these go back to the beginning of this year. Now, Trump's tariffs and the threat of tariffs have made life much more difficult. We've seen factories close probably in the thousands.
That's true, but I think that it sort of creates an impression maybe a bit larger than it needs to be, because there are tens of thousands of these small factories. So if they lose the thousand or two, it is not something which is going to threaten the security of the regime.
The one thing about protests that we need to keep our eye on is that in the last few hours we've been hearing that in Shenzhen, which is the city across from Hong Kong, there was a protest in front of a bank. And that means, I think, to work back. We know that China's small loans and business loans are in trouble. They've been defaulting at an alarming rate.
That means probably some of the smaller banks and financial institutions are having problems with liquidity. which means they're probably restricting withdrawals. That would account for the protests in front of the banks. There are also reports, which I think are more speculative, that there are bank protests in Shanghai and Beijing.
I'm not sure I believe that, but the point is that those are the rumors that are now circulating. They come from manufacturing sources, which I think Normalerweise sind sie ziemlich gut berühmt, ziemlich akkurat. Wir bekommen also eine Bildung, dass nicht nur die Proteste verbreiten, sondern auch generell, jetzt geht es zum Banksystem.
Das kann für China kritisch werden, wenn der Zentralbank die kleineren Institutionen mit Liquidität nicht zerstört. Es gibt Restriktionen, was der Zentralbank tun kann. Das wird also die Herausforderung sein.
Yeah, that number comes from US investment banks and some foreign investment banks are releasing numbers in that range. You hear 16, you hear 20 million. This is a number which sounds precise, but I'm not so sure. And the reason is, it all depends on how the tariff war goes. So, if the tariff war goes really badly for China, we're talking well in excess of 20 million jobs.
If Trump caves in, then that number is really exaggerated. So, we'll find out. And by the way, I don't think Trump will cave, but I do believe that his general instinct to make a deal can sometimes push him into things that are not as advantageous for us as Remember, we've got all the high cards here right now. We're the trade deficit country. We're the bigger economy.
China's economy is probably contracting right now. So Trump doesn't need decay, especially because this is so critical to our future.
Well, Xi Jinping is there. And for Vladimir Putin, that's really important, because this is the biggest non-secular holiday in Russia's year. And this year is especially important, because you've got the war in Ukraine. Xi Jinping wants to show his solidarity to Russia. We're seeing all of these statements actually there as...
They're as exaggerated as they normally are about China-Russia relations, but make no mistake about it. China and Russia are on the same page and they're working very closely. Remember, at this point, there are Chinese military officers in the Ukraine war. They're at the front. They're nominally observers. I suspect they're also advisors.
Showing 301–320 of 524 · page 16 of 27
← Previous
Next →