Breaking News China-US War?

Bogeyman 

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Prime Minister of Australia Anthony Albanese turns down invitation to attend NATO summit in Washington amid escalating regional tension​




Straight from the article (written by James Curran, one of Australia's top analysts), AUKUS:
- "locked the country into American grand strategy and war fighting for Asia with slim opportunities to express misgivings or make an acceptable or dignified exit"
- committed Australia "to join the US in fighting an Asian war if that should eventuate between China and the US"
- Granted the US "a critical maritime base in Western Australia"
- Makes Australia face the "genuine risk that [it] could be left with no submarine capability at all by the end of the 2030s"
- Sends $5 billion to Britain to "help revive [their] ailing submarine industry" and $6.4 billion to the US to help them "speed up [their] production of US Virginia-class submarines"

So to sum up, with AUKUS Australia sends an enormous amount of money to the UK and the US, in exchange of which it loses sovereignty to the US over one of its critical maritime bases, locks itself into a potential war with China and gets no submarine...

As one expert comments in the article: "The whole thing is a cruel joke. All we will get are American Virginia and British Astutes [submarines] running through Western Australia... All the US and the UK want is a new submarine base in Western Australia. We'll be left with no sovereign submarine capability, and we'll have spent billions on their submarine industrial base."
 

FaTiHan

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As one expert comments in the article: "The whole thing is a cruel joke. All we will get are American Virginia and British Astutes [submarines] running through Western Australia... All the US and the UK want is a new submarine base in Western Australia. We'll be left with no sovereign submarine capability, and we'll have spent billions on their submarine industrial base."


Helen, our neighbors are like this minds ?
 

Bogeyman 

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US needs stronger defenses against China's overcapacity, Treasury official says​



The U.S. may need to take further and "more creative" actions beyond tariffs to protect U.S. industries and workers against China's growing excess industrial capacity, the U.S. Treasury's top economic diplomat said on Wednesday.
Jay Shambaugh, Treasury Undersecretary for International Affairs, told a Council on Foreign Relations event that China's production has become "untethered" from its own demand or demand in the global economy, unleashing exports that threaten jobs in the U.S. and other countries.

He said the traditional trade defense toolkit, including the "Section 301" tariffs that President Joe Biden recently increased, may not be sufficient to deal with such challenges.
"More creative approaches may be necessary to mitigate the impacts of China’s overcapacity," Shambaugh said. "We should be clear: defense against overcapacity or dumping is not protectionist or anti-trade, it is an attempt to safeguard firms and workers from distortions in another economy."

Shambaugh did not elaborate on further steps that may be necessary or under consideration by the Biden administration.

NEW TRADE REMEDIES​

A group of bipartisan lawmakers and steel producers earlier on Wednesday called on Congress to pass new legislation that would apply U.S. anti-dumping and anti-subsidy duties on Chinese goods to those produced by Chinese companies in third countries.
The "Leveling the Playing Field 2.0" bill, opens new tab sponsored by Representative Terri Sewell, a Democrat and Representative Bill Johnson, a Republican, also would allow China's "Belt and Road" subsidies for projects in other countries to be counted in anti-subsidy cases.



The Biden administration also on Wednesday unveiled a new effort with Mexico to combat China's circumvention of U.S. steel and aluminum tariffs, instituting a new North American "melted and poured" standard for steel imported into the U.S. from Mexico.
Shambaugh's remarks amplified concerns voiced by U.S. Treasury Secretary Janet Yellen on a trip to China in April, when she warned that Beijing's overinvestment and excess production capacity in key industries was unacceptable. The trip foreshadowed Biden's steep tariff hikes on an array of Chinese goods, including electric vehicles, solar panels, semiconductors and critical minerals.

He defined China's overcapacity as "production capacity in excess of domestic demand and untethered from global demand," stemming from persistent overinvestment that is facilitated by extensive state support.
China's production capacity in some industries far exceeds global demand projections, including for solar panels, lithium-ion batteries and electric vehicles, he said, adding that China's factory utilization rates were falling, while the share of money-losing firms was rising, reaching 28% of publicly traded Chinese automakers.

"These conditions would not appear in a normal, market economy. What we are seeing is a fundamental distortion, driven by government policy," Shambaugh said.
It would be better for China to work with other countries to address their concerns and rein in excess capacity to boost efficiency and productivity, expand its social safety net and boost domestic demand efficiency.
"We will take defensive action if needed, but we would prefer for China to take action itself to address the macroeconomic and structural forces that are generating the potential for a second 'China shock' for its major trading partners," Shambaugh said.


US has announced that it will start targeting Chinese production in 3rd countries. If it follows the US in Europe soon, BYD will bury the factory it plans to build in Turkey before it is finished, that's all I can say.


@Anmdt @TR_123456 @Zafer @Yasar_TR @TheInsider @Heartbang @what @OPTIMUS @Kartal1 @MADDOG @Rodeo
 
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Bogeyman 

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A few notes from Chinese media:
- Far seas drills conducted by PLAN carriers have become routine, & it cannot be ruled out that they will sail to more distant waters
- PLA Navy will regularly hold similar exercises to enhance carrier groups' systematic combat capabilities
- Shandong displayed full operational capability to fulfill combat duties during the ongoing drill in the West Pacific
- Aircraft sortie rate displayed an increasing level of training intensity
 

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GS137QHXMAAeqGW
 

Relic

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GS97k5YWQAA1Jpv


The Chinese navy is preparing to invade Taiwan, with Russia as a backup. These are "joint training exercises" they are conducting with the Russians for the invasion
The Chinese Navy is increasingly dangerous and growing in strength rapidly. The Russian Navy, however, is a deeply neglected, underfunded and outdated entity and I don't think many people realize how quickly it would be taken out of the fight in the South Pacific.

Their Black Sea Fleet got pushed hundreds of kilometers away from the Ukrainian coast by a country with no naval assets and an air force flying 40 year old fighter jets. Frankly, their Navy has been an embarrassment throughout the entire war and Ukraine has about 1 / 1000th the capability of the United States.

In a realistic naval / air war surrounding Taiwan, the direct combatants would look like this:

Team #1 (direct combatants)
China
Russia
North Korea

Supporting nations
Iran

Team #2 (direct combatants)
Taiwan
USA
Japan
South Korea
Australia
Britain
Phillipines

Supporting nations
NATO

I know which side I'd bet on.
 

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