Image: U.S. Secretary of Commerce Wilbur Ross
meets with Chinese Minister of Industry and Information Technology Miao Wei
, Beijing, September 2017
Alan Tonelson, U.S. Business and Industry Council Educational Foundation, and blogs at Realitychek; in re: Decoupling of US economy from China: three of the members of the board of the federal pension fund were Obama Adm appointees; they may hang on if Biden wins this autumn. US pension fund savings are far from being the only American financial flows permitted to go into China to bolster the economy and thereby help the military. Individuals and corporations may invest in Chinese companies that make defense products.
CALPERS and other state pension funds have substantial funds into China. Also Florida pension funds; under Marco Rubio, let’s stop that one. US is decoupling on the trade front before the financial. US-China trade as percentage of whole US economy sank to 0.3% which is lowest since 2006. Larry Kudlow said US companies should get a 100% write-off for moving out of China back to US.* Peter Navarro’s plan to get pharmaceutical mfr out of China. Am looking for more details on this re-shoring plan; I hope the entire burden doesn't fall on US tax revenues.