Drudge Retort: The Other Side of the News
Sunday, September 08, 2019

President Donald Trump's latest misrepresentation about the Chinese economy would have you believe that China's manufacturing sector is on the ropes and that President Xi Jinping has no choice but to yield to US demands on trade. In July 2019, for example, President Trump tweeted that China has lost 5 million jobs, with 2 million lost in manufacturing, as a result of his tariffs. At the end of the G-7 meetings in Biarritz in August 2019, he said, "They lost 3 million jobs in a short period of time," using a lower number.

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China has been around for several thousands of years. I'm sure they will survive the donald dynasty.

#1 | Posted by REDIAL at 2019-09-08 09:46 PM | Reply | Funny: 1 | Newsworthy 1

LOL

Paul Krugman will say anything to make Trump look bad, including cheering on Xi and China.

Pathetic.

#2 | Posted by Rightocenter at 2019-09-08 09:51 PM | Reply

Always-Wrong-Krugman, house economist for the DNC, spins like a whirling dervish, as usual.

#3 | Posted by nullifidian at 2019-09-08 09:55 PM | Reply

RCADE gets the Pavlovian award.

#4 | Posted by REDIAL at 2019-09-08 09:59 PM | Reply

Krugman's really standing up for China. what a tool.

#5 | Posted by SheepleSchism at 2019-09-08 10:07 PM | Reply

x 3

#6 | Posted by REDIAL at 2019-09-08 10:09 PM | Reply

Let us know the last time Krugman was right about anything, Redial.

#7 | Posted by Rightocenter at 2019-09-08 10:34 PM | Reply

Pretty sure he's never been "right".

#8 | Posted by REDIAL at 2019-09-08 10:38 PM | Reply | Funny: 1

Krugman and Obama's Nobel prizes discredit the legacy of the Nobel Foundation.

#9 | Posted by visitor_ at 2019-09-09 10:31 AM | Reply

"To start with, consider scale."

Jesus flipping Christ, seriously? NOW Liberal authors worry about scale? One person in America gets laid off and posts it on social media and Liberals start crying about how bad Trump is and how he is a greedy rich person who doesn't care about anyone. 5 million lose jobs in another country and Liberals flock to defend China and say it's about scale???? Truly pathetic. The whole premise of the article is great yet, like always, it completely breaks down and holds no weight because they try to make all their justifications based only on partisan hate and not consistent research and dialogue.

#10 | Posted by humtake at 2019-09-09 12:13 PM | Reply

#8

Touche, poor word choice on my part.

I should have used "correct."

#11 | Posted by Rightocenter at 2019-09-09 12:14 PM | Reply

Like Raw Story, Krugman is desperate to find bad news in the China Trade War to further his political agenda: unfortunately for their narrative, the Asian papers (free of political agendas) paint a far different story, like this news from today's SCMP:

Chinese imports of components for its manufacturing industry have dropped even more sharply than the overall data suggests, producing an increasingly negative impact on the Asian economies which supply those components and for Chinese manufacturers during a critical time.

In August alone, imports were down 5.6 per cent " the eighth fall in the past nine months " in a year which has so far seen overall Chinese imports fall by 4.6 per cent, according to China's General Administration of Customs. In the first eight months of this year, Chinese imports of manufactured products " including electronics, instruments and other devices " fell 8 per cent from a year earlier to US$581 billion.

China's weak imports reflect the increasing difficulties facing Chinese manufacturers, hurt by softening demand at home and abroad due to the impact of the trade war with the US, as well as the slowing Chinese domestic economy. Many of them need imported semi-finished components, machinery and raw commodities to produce goods for export. Nearly 60 per cent of China's imports are manufactured goods and the rest are commodities such as minerals and metal ores. These drops in imports portend large decreases in manufacturing in the next quarter, which is traditionally the strongest quarter for the Chinese economy due to the upcoming Holiday Season.

China manufacturing imports down sharply on weak economy, trade war impact

#12 | Posted by Rightocenter at 2019-09-09 12:25 PM | Reply

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