Crisis in China means advantage President Trump on negotiating favorable trade terms for the U.S.
China's economic growth slowed to 6.7 per cent in 2016, the lowest it has been in 26 years.
It is getting worse.
This year's top estimate is five per cent, according to China economist Liu Chang.
China's economy grew an average of 9.66 per cent from 1989 until 2017. It reached a high of 15.40 per cent in the first quarter of 1993. Since 1989, the record low was 3.8 per cent in the fourth quarter of 1990.
Liaoning Governor Chen Qiufa admitted his province reported false economic growth rates between 2011 and 2014. They exceeded what the Communist Party reported for the whole country. Qiufa discovered the numbers were inflated by 20 per cent.
Governor Qiufa is a Chinese aerospace engineer, Communist Party Secretary, and former Director of the China National Space Administration. He has kept his job as Governor and Communist Party Secretary. His financial advisers are in prison.
Since September, there has been 987 labor strikes in China. It is commonplace for Chinese workers to go unpaid. The rest of the world calls this slavery. Each strike is explained, summarized, and mapped by the Chinese Labor Bulletin linked here:
The People's Daily is China's official state media outlet. It reported last month that within three years, the entire population will be under surveillance:
The same news source reported that China will place tariffs on pork imported from the U.S. Chinese officials forgot they own Smithfield, the world's largest pork producer. Do Communist officials realize they are needlessly placing a tax on themselves? The plant is in Smithfield, Virginia, USA:
China's Ministry of Water Resources admits that one-quarter of its people drink polluted water, half of its rivers have disappeared, and its people are dying from thirst:
China and India are at war over the country of Bhutan's water supply:
N. Korea is a distraction from the fight over water between China and India, according to Steve Pieczenik. He has served as Deputy Assistant Secretary of State to four Presidents:
In order to power batteries in cell phones for its high tech companies, China is using four-year-olds as slaves to mine cobalt in the Congo, Africa:
Because India's navy can block all China's ocean trade routes, China picked the African country of Djibouti, to build its first military base abroad. China needs to guarantee its trade routes through the Suez Canal. India's military might now exceeds China's:
China is using N. Korea to target Japan:
On Thursday, President Donald J. Trump announces trade and tax measures against China:
On Wednesday, President Trump announces trade actions against China: