Business Blog

The Business Time: Yellen junks 200 years of economics to block China clean tech that is what Elon Musk is also doing 《商業時報》：耶倫拋棄了 200 年的經濟學來阻止中國的清潔技術，而伊隆馬斯克也在做這件事 , 耶倫為了阻撓中國在清潔能源的技術不借把反氣候保護主義包裝成綠色產業政策. 為此丟了200 多年的經濟原理. 中國企業發展清潔能源技術是因為市場有需求而不是耶倫所指的是不公平的政府支持. 耶倫無視於中國產業的比較競爭力, 這是基本經濟學原理, 然而耶倫卻指責中國產能過剩, 這不是與美國大力提倡清潔能源技術的做法相矛盾嗎? 何況清潔能源技術在中國出口的份額中其所佔的比例非常小. by David Fickling Tue, Apr 9, 2024

IMAGINE if a Chinese company announced plans to build the biggest electric-vehicle (EV) battery factory the world had ever seen.

Up to US$5 billion would be spent on a single plant to manufacture more power packs every 12 months than the world produced last year. The sprawling facility might cover four square kilometres, employ an army of 6,500 people, and drive costs down 30 per cent, devastating any competitors that failed to keep pace. The company in question, furthermore, had racked up more than US$1 billion of losses over the past seven years, and would post another US$5 billion over the coming seven.

Does that sound like the definition of predatory overcapacity, hollowing out the world’s manufacturing sector in the service of aggressive Chinese mercantilism? If so, it is worth considering that the facility we are talking about is how Elon Musk pitched Tesla’s Gigafactory One, a half-hour drive east of Reno, Nevada, when he first announced it 10 years ago.

That should be a consideration for Treasury Secretary Janet Yellen, who is visiting China in an attempt to persuade the government and companies that their investments in clean technology are excessive and damaging.

“Government support is currently leading to production capacity that significantly exceeds China’s domestic demand, as well as what the global market can bear,” Yellen said in a speech to the American Chamber of Commerce in Guangzhou. That excess is building in “solar, EVs, and lithium-ion batteries”, she said last month at a US solar plant.

Step back for a moment, and the suggested policy change is remarkable. One of the most distinguished living economists is rejecting what has been one of the most fundamental principles of economics for more than 200 years: comparative advantage. If a country can manufacture goods at lower costs than you can, you should not raise tariff barriers. Instead, you should import the goods, and send back something in return where your industry is more efficient.

https://youtu.be/i1WIk7e8SLY?si=m1UQPYCrRVQdT7GP

Peaceful unification without turning Taiwan into Ukraine 2.0 is not what US wanted. Peace is US worst nightmare. 和平統一而不把台灣變成烏克蘭2.0並不是美國想要的。 和平是美國最糟糕的惡夢.

There is “no problem that cannot be talked through”, President Xi Jinping told Ma Ying-jeou during talks in Beijing on Wednesday, marking the first time that the top mainland leadership had received a serving or former president of Taiwan.

War “would be unbearable”, responded Ma, who is close to wrapping up an 11-day “journey of peace” to the mainland following a landmark visit just over a year ago.

The pair last met in Singapore in November 2015, when Ma was in office, in the first cross-strait summit since the two sides split in 1949 following a civil war. The highlight of that meeting was an 80-second handshake ahead of closed-door talks.

Your interest is your self interest. China interest is China’s interest. Which is none of your God damn business. If you don’t like it take a hike. 你的興趣就是你的自身利益。 中國的利益就是中國的利益。 這該死的不關你的事。 如果你不喜歡它，你可以去打飛機!

Video: Time for more and more people to speak out and speak up more and more directly naming culprits and outwardly denounce and condemn these devils in disguise. 是時候讓越來越多的人站出來，越來越直接地大聲說出罪魁禍首，公開譴責和譴責這些變相的惡魔了.
https://rumble.com/v4ojbi5-naming-culprits-and-outwardly-denounce-and-condemn-these-devils.html
https://www.tiktok.com/t/ZPRTnSqd1/

Yuan displacing dollar on Russia’s foreign exchange market – Central Bank. The Chinese currency now accounts for the largest share of forex trading, the regulator reports. US currency can no longer be trusted. 人民幣在俄羅斯外匯市場取代美元:央行。監管機構報告稱，人民幣目前在外匯交易中佔據最大份額。美元不可信任.

Video: US taxpayers money went up in smoke, WATCH Over 30 Ukrainian howitzers destroyed in single strike 美國納稅人的錢化為烏有，觀看一次襲擊摧毀 30 多門烏克蘭榴彈砲
https://rumble.com/v4oho1o-us-taxpayers-money-went-up-in-smoke.html
https://www.tiktok.com/t/ZPRTt2CsV/

President Obama said “the planet can’t sustain 1.4 billion Chinese having the same living standard as Americans”. US Ambassador to China echoes the same message 歐巴馬總統表示，「地球無法維持14億中國人與美國人享有相同的生活水準」。美國駐華大使也表達了同樣的訊息.

Why 88% of the world population prefer doing business with China*? I list a few things that US won’t do: 1) *won’t interfere with you internal affairs or political system 2) *won’t force you to join military alliance 3) *won’t force you to buy arms 4) won’t make promises that cannot deliver! 為什麼世界上 88% 的人口更喜歡與中國做生意？ 我列出了美國不會做的幾件事：1）不會干涉你的內政或政治制度 2）不會強迫你加入軍事聯盟 3）*不會強迫你購買武器 4 ) *不會做出無法兌現的承諾!

The 1882 Chinese Exclusion Acts is alive and well in America, the wishful thinking treating Chinese as yellow perils during the last century no longer acceptable. 1882年的排華法案仍然有效，將上世紀的華人視為黃禍已不再被接受.

Remarks by Embassy Spokesperson on Chinese citizens being frequently harassed when entering or leaving the United States

Q: Recently, there have been a number of incidents of Chinese citizens being harassed when entering or leaving the United States. What is your comment?

A: In recent years, US border control personnel have continuously and unjustifiably harassed, interrogated, and deported Chinese nationals entering the US, especially students and scholars. According to incomplete statistics, nearly 300 Chinese citizens have been deported by the US since July 2021, including more than 70 Chinese students with legal and valid materials. Since November 2023, at the Washington Dulles Airport alone, there have been 10 cases of Chinese students being harassed, interrogated and, with their visas canceled, deported.

In December 2023, a Chinese visiting scholar was harassed when entering Dulles International Airport, and US border control personnel conducted 3 rounds and 10-hour long interrogation in the “small black room”, including asking whether the scholar was a member of the Communist Party of China and checking his mobile phone, computer and other portable electronic devices. At the end, the scholar’s visa was canceled and the person was permanently banned from entering the United States. In February 2024, another Chinese visiting scholar was detained for 22 hours at San Francisco International Airport when entering the country. In the “small black room”, four US law enforcement officers took turns to continuously interrogate this person on political background, research field, purpose of visiting the United States, funding methods, lasting for 12 hours. Finally, the scholar had his visa canceled, was deported back to China and banned from entering the United States for five years. Similar incidents have emerged one after another, with increasing frequency recently. Even Chinese officials invited by the US side for a friendly visit have been unjustifiably harassed and interrogated when entering or leaving the country.

Such acts by the US side far exceeded the scope of normal law enforcement and are driven by strong ideological bias. They gravely infringe on legitimate and lawful rights and interests of persons concerned, disturb normal cross-border travel between China and the US and run against the common understandings reached by the two Presidents on enhancing and facilitating China-US cultural and people-to-people exchanges. China is gravely concerned and firmly opposes such moves, and has made solemn démarches to the US.

Putting the people first, the Chinese government firmly upholds the legitimate rights and interests of Chinese citizens and will not tolerate any illegal and unfair treatment of Chinese students. We have taken steps to resolutely safeguard the legitimate rights and interests of the Chinese citizens. The Chinese Embassy in the US and relevant Consulate General have lodged representations with the US State Department, National Security Council, the Department of Homeland Security and Customs and Border Protection. In response to what has happened, the Chinese side has been “lodging representations on every singe incident” toward the final resolution of the issue.

On April 2, President Xi Jinping spoke with President Joe Biden on the phone. The two Presidents reiterated the need to take further steps to expand people-to-people exchanges between the two countries. China urges the US to stop harassing Chinese citizens traveling to the US under the pretext of national security, stop undermining the environment of public support for China-US relations, and stop obstructing friendly interactions between the two peoples.

Taiwan Video: President Ma’s China visit to promote peace oppose US turning Taiwan into Ukraine 2.0 馬英九登長城唱長城謠哽咽 龍年龍月龍日龍時見習近平? 和平是如此美好。戰爭是可怕的。讓我們祈禱和平. 那有歲月靜好，總是有人負重前行。台海之間70 年沒有戰亂。來之不易，千萬不要被漂亮国利用了。這個國，是一家公司，假裝成國家。完全被猶太資本控制。過去都比較剋制，隱晦略奪。現在就明目張膽，根本不需遮羞布. 到處掠奪! 過去説 MIC (Military Industrial Complex). 現在得多加一個M =Medical MMIC
https://youtu.be/wO4GTsxRyxc