China Relations- Follow the Money

November 15, 2024

In reviewing various countries relation with China in many countries and states there is a clear tension between politicians and the business community. The United States is a prime example. If one believed the pronouncements of government and the mainstream media, relations are so poor that war is just around the corner if not imminent. This is borne out by the record profits of US defence contractors. One might also conclude that the Chinese economy is on the verge of collapse. The reality is very different. Recent trade figures published by CGTN showed trade values in the first ten months of 2024 in comparison with the previous year increased by the following numbers Item Increase from previous year Total Trade 5.2 percent Exports 6.7 percent Imports 3.2 percent European Union (total trade) 1.2 percent United States 4.4 percent South Korea 6.7 percent BRI countries 6,2 percent ASEAN 8.8 percent Despite all efforts by hostile US administrations to reduce trade with China (the last two being particularly hostile) there has sill been an increase of 4.4 percent with the United States.. While US companies may be swayed by their government’s propaganda, they are not going along with it.