CHINA WRONGLY CONCERNS ABOUT THE ECONOMY

The most communist regime always follows Karl Marx’s teaching from the government’s system, propaganda, socialism….actually, the economic management of communist has never escaped the frame, even China and Vietnam stole the economic pattern of” capitalist”, but they avoided the failure of communist by the label is” the free market is led by socialism”. It means the capitalist made in China as Mao Ste Tung stole Marxism and the changed the name is Maoist.

The communist regime makes the profit from castigation the assets and enslaved the people. Thefeore, the communist government couldn’t manage the economy as the democratic country while the economy’s field needs the specialist and flexible. In the communist country, the economists are just the academics talking about the economy but they must follow the communist party. Nevertheless, the economic policy hold in the hand of Politic Bureau, actually Secretary General, Prime Minister, and chairman… Almost, the communist regime favors the financial surplus and they are keen to keep the credible currency like the US dollar, gold and buying Bond.

China communist regime radically has made the terrible mistake about the economic management, the strength of the economy doesn’t base on gold, currency and the bond. The national products, actually the technology, market, and industry are the essential economies. On the other hand, the Gold, dollar or Bond are just the outcome of national development based on the GDP defines:” Gross Domestic Product is a monetary measure of market value of all the final good and services produced in a period of time, often yearly or quarterly”.

The most national treasure uses the gold as the assurance of the currency and the national product and the credible currency could use the exchange the goods with the other countries, and the Bond defines a fixed income investment in which an investor loans money to an entity (typically corporate or government) which borrows the funds for a defined period of time at a variable or fixed interest rate…owners of Bonds are the debtholders or creditors of the issuers.

China communist has been struck the paranoia, actually since China joined the world market. The national development measures the money flowing into the domestic and offshore market. So the gold, Bonds and credible currency stored that is not the kinds of the economic pattern. The mistaken concern conducted China stored the gold, Beijing rushed into the high tide of buying gold from 2010 to 2015, Beijing reserved nearly 1.7 tonnes with high price is $USD 1,850/Ounce. Mostly, China wrongly predicted the gold’s price would increase because the US dollars devalued under President Barrack Obama, the worst US president in history. Nowadays, the US dollars stabilized and the gold’s price downed to $USD 1,2000/Ounce. Nevertheless, after President Donald Trump opened the war fighting against the global economic terror, the gold’s price is uncertain. Moreover, the major global economists predicted the gold increasing’s price.

Under the era of President Barrack Obama, China bought the US Bonds was up to $USD 1.1 trillion. The bonds are the dead money while China becomes the number one debtor in the world. Nowadays, Beijing faced more than $USD 30 trillion but they just reserve about $AUD 3 trillion including $USD 1.1 trillion’s bonds. When China needs to pay the interest or repay the debt, they would sell the Bonds with the down price.

The US holds currency dollar while Yuan is uncertain, mostly, the nations favor the US dollar. Therefore, some countries are such as Australia being engaged the problem when Yuan devalued, in 2012, Reserve Bank of Australia signed the currency swap with the People’s Bank of China, Australia stored $AUD 40 billion or 200 billion Yuan. Canada is the first country used Yuan in a trade with China. When China’s economy downs that affect the GDP and Yuan lost the valuation, so the countries kept Yuan would face the trouble.

The new tariffs of President Donald Trump cost the jobless in China, the exported product reduced and more Chinese lost the job. Moreover, the giant telecommunication companies are Huawei and ZTE lost the market in the US, Australia and India…in the future, China will lose the overseas market.

The domestic labor market in the mainland is no longer attract the foreign investors, the foreign companies are leaving China to avoid the new tariffs. China communist has tried to create the jobs on infrastructure, but it doesn’t solve the massive unemployment, the export sector employed more than 120 million people. China has been faced the economic battles from domestic and overseas, so the stock market lost about 10% and Yuan lost 8% valuation after the White House changed the policy. The rapaciousness aggravates China sinking down into the quagmire. One belt and one road’s plan has been plunged into the debt and the illegally artificial island built into the disputed waters become the dilemma of Beijing.

The Asian quotes:” a doctor treats wrongly, a patient died-A leader did the wrong policy, a generation ruined and a teacher taught wrong, many generations killed”. China communist got the wrong concern about the economy, now the Chinese people have to burden and China communist regime has to receive the consequence, even it costs the red dynasty./.

(thedawnmedia.com)