Gordon Chang

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.

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.

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.

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.

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.

China's economy is probably contracting right now. So Trump doesn't need decay, especially because this is so critical to our future.

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...

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...

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.

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.

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.

But in addition to that, there are Chinese mercenaries actually fighting for Russia in Ukraine. And they are supposedly without the stamp of approval from Beijing, but you could not have... Military age men getting visas to go to Russia and when the regime knows exactly what's going on. So I think China is just trying this on.

But in addition to that, there are Chinese mercenaries actually fighting for Russia in Ukraine. And they are supposedly without the stamp of approval from Beijing, but you could not have... Military age men getting visas to go to Russia and when the regime knows exactly what's going on. So I think China is just trying this on.

But in addition to that, there are Chinese mercenaries actually fighting for Russia in Ukraine. And they are supposedly without the stamp of approval from Beijing, but you could not have... Military age men getting visas to go to Russia and when the regime knows exactly what's going on. So I think China is just trying this on.

They're seeing the reaction of the United States and the West to the introduction of Chinese soldiers. And so it is not inconceivable, Mike, that we are going to see not only mercenaries, but we're going to see China actually fighting in Ukraine.

They're seeing the reaction of the United States and the West to the introduction of Chinese soldiers. And so it is not inconceivable, Mike, that we are going to see not only mercenaries, but we're going to see China actually fighting in Ukraine.