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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (205249)	4/17/2024 6:19:04 PM
From: TobagoJack	Read Replies (2) \| Respond to of 217548

there is no social scoring in china however, should you do any one of a small variety of driving infractions (illegal parking, speeding, etc) you get fined and dinged points (illegal parking in Shenzhen earns 2 points, and 12 points you are out of a driver's license). There are illegally parked cars everywhere because there are too few multilevel parking spaces, so I have not seen any parking police whilst there over 75+ days yes, much made-up news in USA re China This day's example bloomberg.com Biden Calls China ‘Xenophobic,’ Ramping Up 2024 Campaign Rhetoric US president lists China’s woes in speech to steel workers Remarks among the toughest yet from Biden on China’s economy By Justin Sink and Michelle Jamrisko 18 April 2024 at 06:12 GMT+8 Joe Biden speaks during a campaign event at United Steel Workers headquarters in Pittsburgh, Penn., on April 17. Photographer: Nate Smallwood/BloombergPresident Joe Biden called China “xenophobic” while highlighting the Asian nation’s economic woes, as he sought to make the case for US economic strength during a campaign stop in the swing state of Pennsylvania. “They’ve got a population that is more people in retirement than working. They’re not importing anything. They’re xenophobic — nobody else coming in. They’ve got real problems,” Biden said of China in remarks to steel workers in Pittsburgh on Wednesday. The president’s comments follow a phone call two weeks ago with Chinese President Xi Jinping, their first since a face-to-face meeting in November. While overall relations have stabilized of late, tensions are growing over Chinese investments in manufacturing that risk leading to job losses among blue-collar workers. The remarks were among the most pointed rebukes Biden has delivered of the world’s second-largest economy, which grew faster than expected in the first quarter even as questions persist over the strength of the recovery. Biden also called for higher tariffs on Chinese steel and aluminum, part of a series of steps to shore up the American steel sector including a pledge by the president that Japan’s Nippon Steel Corp. wouldn’t successfully acquire Pittsburgh-based United States Steel Corp. The tariffs would see the US impose new 25% levies on certain Chinese steel and aluminum products as part of an ongoing review, while his administration also launches a formal probe into China’s shipbuilding industry. China’s Commerce Ministry on Wednesday blasted the US review, saying it was “full of false accusations” and “based on the need of domestic politics.” Earlier: US Steel ‘Guaranteed’ to Stay US-Owned, Biden Tells Steelworkers Biden also criticized Trump for his policies toward Beijing while in office. “Trump simply doesn’t get it,” Biden said, claiming that it’s incorrect to view China as on the rise and the US falling behind. Asked as he departed Pittsburgh if the steel tariffs would hurt ties with Xi, Biden responded “no.” Chinese officials have recently sought to boost investor confidence overseas, after years of strict pandemic curbs and tighter national security controls dented sentiment. Foreign businesses’ direct investment into China slumped to a 30-year low in 2023, underscoring challenges facing Beijing. Follow the latest in global politics. Get insights from reporters around the world in the Balance of Power newsletter. Xi’s government has expanded visa-free entry to a range of European and Asian nations of late, after he pledged “heart-warming” measures for investors last year during a trip to the US. However, China has so far struggled to woo back foreigners after shutting the nation off during the pandemic: The business hub of Shanghai saw 44% fewer foreign visitors in the first two months of this year compared with the same period in 2019. Imports have also been weak, with falling commodity prices and weak domestic demand due to a housing market crisis and other issues undermining Chinese purchases of foreign goods. Imports were up 1.5% in the first three months of this year, after a 5.5% drop last year. Biden also vowed to continue efforts to deny China advanced technology like computer chips, which has spurred Xi to invest in becoming more self-sufficient. “They can’t be sent to China because it would undermine our national security,” Biden said. “When I spoke with Xi Jinping he said ‘Why?’ And I said, ‘Because you’d use it for all the wrong reasons, so you’re not gonna get those advanced computer chips.’” — With assistance from James Mayger and Colum Murphy