China’s supply chaos withers irreversibly. @AlanTonelson, @GordonGChang

Aug 18, 2020, 02:28 AM
Image:  Lotus seeds (蓮子, Nelumbo nucifera) and roots are a major crop in Hubei, Hunan, Fujian, and Jiangxi provinces

Alan Tonelson @AlanTonelson, U.S. Business and Industry Council Educational Foundation, and Gordon Chang, Daily Beast, in re: FT reports that China’s share of global exports falls [as US revises supply chains].  South China Morning Post: Drought and heavy rains . .  . fear of Chinese food prices, and of famine.  Chinese predatory trade policies have subtracted from global growth. Massive flooding, some area parched; ___worm disease; importing ag from around the world, thinking of establishing farms in other countries.   Chinese agriculture has long been inefficient, small-scale.  Noting like the American Midwest or Central Valley of California. 

Bidcn wouldn’t make dramatic changes in US-China policy right away, but over time would shift from unilateral (Trump’s mode) to a global multilateral front against Chinese protectionism. Too many allies were hauling in too much money out of it to call China on its practices.  US bz notices that Chinese politics are volatile, will continue to look for alternative production sources.  Foxconn (Taiwan-owned) is starting to move.  Depends on how soon corona virus can be [brought under control].