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China is in default on a trillion dollars in debt to US bondholders. Will the US force repayment? (thehill.com)

submitted 1 year ago by 52fighters@kbin.social to c/news@kbin.social

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Now that the relationship with China has soured and the People’s Republic of China has become the greatest adversarial threat to the U.S. and Western security, policymakers should revisit thi…

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[–] TheChurn@kbin.social 0 points 1 year ago (1 children)

"We" didn't do anything. The shift to China for manufacturing was performed by private companies, not the state, and for economic reasons, not political ones.

[–] SnowboardBum@kbin.social 1 points 1 year ago (1 children)

Yep, and the corporatists made Nixon go to China to open it up. Cheap labor and no competition.

[–] Macabre@kbin.social 1 points 1 year ago

Are you trying to say China is better off pre-Nixon than they are now? I'm just trying to figure out the point of this comment...