China exhibiting a bit of venom.....
China Daily, the Communist party’s English-language mouthpiece, says US ‘has been living beyond its means for decades’
www.theguardian.com
China Daily, the ruling Communist party’s English-language mouthpiece, says the US ‘has been living beyond its means for decades’
The
US needs to “stop whining” about being a victim after “taking a free ride on the globalisation train”,
China’s official state media has said, as the
trade war between the two countries continued to spiral.
Last week’s
tit-for-tat tariff hikes appear to have paused, but the conflict between the two biggest economies is showing no signs of letting up.
On Tuesday evening China Daily, the ruling Chinese Communist party’s (CCP) English-language mouthpiece, published an editorial saying Donald Trump’s frequent claims of the US being “ripped off” were “hoodwinking the US public”.
“The US is not getting ripped off by anybody,” it said. “The problem is the US has been living beyond its means for decades. It consumes more than it produces. It has outsourced its manufacturing and borrowed money in order to have a higher standard of living than it’s entitled to based on its productivity. Rather than being ‘cheated’, the US has been taking a free ride on the globalisation train.”
It added, “The US should stop whining about itself being a victim in global trade and put an end to its capricious and destructive behaviour.”
The CCP has refused to capitulate to Trump’s demands to come to the table and renegotiate their terms of trade.