this post was submitted on 10 Dec 2024
58 points (96.8% liked)

Interesting Global News

2811 readers
370 users here now

What is global news?

Something that happened or was uncovered recently anywhere in the world. It doesn't have to have global implications. Just has to be informative in some way.

Post guidelines

Title formatPost title should mirror the news source title.
URL formatPost URL should be the original link to the article (even if paywalled) and archived copies left in the body. It allows avoiding duplicate posts when cross-posting.
[Opinion] prefixOpinion (op-ed) articles must use [Opinion] prefix before the title.

Rules

1. English onlyTitle and associated content has to be in English.
2. No social media postsAvoid all social media posts. Try searching for a source that has a written article or transcription on the subject.
3. Respectful communicationAll communication has to be respectful of differing opinions, viewpoints, and experiences.
4. InclusivityEveryone is welcome here regardless of age, body size, visible or invisible disability, ethnicity, sex characteristics, gender identity and expression, education, socio-economic status, nationality, personal appearance, race, caste, color, religion, or sexual identity and orientation.
5. Ad hominem attacksAny kind of personal attacks are expressly forbidden. If you can't argue your position without attacking a person's character, you already lost the argument.
6. Off-topic tangentsStay on topic. Keep it relevant.
7. Instance rules may applyIf something is not covered by community rules, but are against lemmy.zip instance rules, they will be enforced.

Companion communities

Icon attribution | Banner attribution

founded 1 year ago
MODERATORS
[email protected]
58
China's Xi warns 'no winners' in trade war with US (www.rfi.fr)
submitted 2 weeks ago by [email protected] to c/[email protected]
15 comments fedilink hide all child comments
 

Former US president Donald Trump -- who returns to the White House next month -- unleashed a gruelling trade war with China during his first term in office, lambasting alleged intellectual property theft and other "unfair" practices. He has pledged to impose even higher tariffs on China after taking office on January 20, as Beijing is grappling with a shaky post-pandemic economic recovery.

"Tariff wars, trade wars, and technology wars go against historical trends and economic rules, and there will be no winners," Xi said of China-US relations while meeting several heads of multilateral financial institutions in Beijing, according to state broadcaster CCTV. "China is willing to maintain dialogue with the US government, expand cooperation, manage differences and promote the development of China-US relations in a stable, healthy and sustainable direction," said Xi.

Beijing is targeting annual growth this year of around five percent, despite sluggish domestic consumption, high unemployment and a prolonged crisis in the vast property sector. Xi also said during Tuesday's meeting that China had "full confidence" in achieving its 2024 growth goal, state media reported.

His remarks came as official data showed the country's exports rose last month at a slower rate than expected while imports shrunk further, underscoring the challenges China is still facing. The latest reading reinforced the need for more support a day after top officials pledged to bolster stuttering growth.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 2 weeks ago (1 children)

Have to do something, because the rest of the market's about to go to shit and ruin a fuck ton of 401k

[–] [email protected] 1 points 2 weeks ago (1 children)

Capitalism must consume more. Tne line must go up. If that stops happening for very long then your 401k will be the least of your worries.

Concurrently, Trump will stupid and push the line down for a very brief period of time, repeatedly. It's tolerated because he's a puppet that allows much more line go up shenanigans.

Wait for Trump to do the stupid. Buy the dip in an S&P 500 index fund. Then, hold until Q3 28. The money comes from the retirement of apathetic individuals because the corporate never looses.

I'm absolutely not stating this is ethical. It's instead contributing to the problem. My point is that it's not very difficult to predict the future.

[–] [email protected] 1 points 2 weeks ago (1 children)

Guessing that the market is going to come out of the dip and not go further down is a pretty serious risk.

They're going to uncap crypto regulations, you probably have better luck pumping and dumping that.

[–] [email protected] 1 points 2 weeks ago (1 children)

Guessing that the market is going to come out of the dip and not go further down is a pretty serious risk.

All of a sudden the country might not do what's it's designed to do and done for its entire history of existence. That's some "serious risk".

Thanks for the contribution from your IRA. It always goes to a good cause.

[–] [email protected] 1 points 2 weeks ago

All of a sudden the country might not do what’s it’s designed to do and done for its entire history of existence.

Sure pal. You do do.