A global recession is on the horizon - please read OP for mod warning

Trump started the war on China with Huawei ban, Biden carried over that hostility with the COVID origin conspiracy.

The US had no problem making money out of it. Anyway if the US was really concerned about how Muslims are treated then it would be an ally with Iran against Israel.

If the USA is now feeling sidelined in the global economy it is entirely of its own making. When Trump pulled out of the TPP it forced all sorts of realignments which in turn led the creation of the RCEP, the worlds largest converging trade bloc with its centre of gravity firmly in east Asia.

Chinese economic independence is defined by the previous opium and gunboats western version of globalisation.

Perhaps what upsets US interests the most is how China is actually more capitalist judging by how it let its property and banking gambling go bust. In the US they got TARP and other bailouts to keep the piggy trough full.

That's nonsense, the US had banking wind down procedures since the savings and loans crisis to avoid the ATM situation.

Private debt was socialised in the US, and also in Ireland with the bank guarantee.

To expand, 2008 was the end of the road for the mortgage backed money making machine that had expanded since the 1970s. The belief of the bailouts was that it would keep the FIRE economy going, but that didn't happen so frustration has now turned towards demonizing immigrants.

Tiktoc is the international version of Douyin.

No it wasn't global. Why do you think so many Irish, including myself ended up in Australia after the housing bust?

The Australian dollar was tanking until the Chinese announced their infrastructure program and commodity export economies like Canada and Australia avoided recession by servicing that demand.

Germany and other EU exporter countries had shallow recessions compared to others. Our pharma and biomed industries which served us well during the pandemic continued to increase their headcount after 08 when the housing bust drove our headline unemployment figure to 15%.

I love when an anglosphere artist announces a global tour which when examined only contains a couple of countries with the inclusion of Australia making it global only in the geographical sense.

If it was so bad then why no bailout for Evergrande?

The truth is an economically independent China is of zero profit for the US. Tim Cook tried to explain to Trump that without the deep supply chains of China the average iphone for US consumers would be more than double the price.

The global economy has shifted back east, the top ten container ports in the world are in Asia with the exception of Rotterdam. The US only gets into that list if Long Beach and Los Angles are counted as one.

I remember in the first weeks of the pandemic most comments on the likes of youtube were saying the lockdowns were about brutalist totalitarian control and that a virus was an invented excuse. Then when it turned up elsewhere the China bashing switched to the lab creation conspiracy.

To believe that the collapse of financialisation in some economies in 2008 was a global is to be as deluded as those Aussie spruikers (australian slang for snake oil salesman) who boast that the reason Australia hasn't had a recession in decades is because of its superior management culture and nothing to do with all the iron ore leaving Port Headland.

Could Tesla and Apple be as profitable without the deep supply chains of China?

BYD is the battery maker that powered Nokia when that brand was top of the mobile phone pile, no one cried fowl then. But when a Chinese brand becomes successful out comes all the China bashing.

Chinese companies expect the racism and so adapt to trade into it. Most Brits don't realise that MG is a Chinese car now, but MG are just copying how the Germans used nationalism to sell Minicoopers with Union Jack taillights.

Most Tesla owners in Ireland probably don't realise that their car is made in China, same with owners of Volvo XC90s.

Earlier you said they were frantically shoring up something, now you're saying thing are cooling down.

So collapsing or cooling down, which is it oh great sage.

Edit to add, another great trope that China bashers love is that when facts from China undermine their argument they cry that nothing out of China can be believed, even though they might be typing that on a device that's only affordable to them because of China's economy of scale.

<Mod snip - off topic>

Would you prefer if China had let US companies exploit China in the same manner they exploit the US? Would that be the level playing field Blinken is seeking?

How is China complaining?

Huawei ban forced them to develop their chipsets, now Apple sales in China are in decline. China didn't ban Apple like Trump banned Huawei.

Many Chinese companies don't even bother with the US anymore as it's too politically volatile. Why bother worrying about snap US tariffs when the RCEP is the bigger market with uniform tariff convergence?