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The U.S.-China Trade War And Global Economic Dominance

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U.S. President Donald Trump speaks to reporters after a phone conversation with Mexico’s President Enrique Pena Nieto on trade in the Oval Office of the White House in Washington, DC on August 27, 2018. President Trump said Monday the U.S. had reached a “really good deal” with Mexico and talks with Canada would begin shortly on a new regional free trade pact. (Photo: Mandel Ngan/AFP/Getty Images)

Why is U.S. President Donald Trump willing to negotiate and compromise with Mexico and the EU on trade, and not China? The answer, in short, is that Trump’s dispute with China is more than just America’s trade deficit. It is a head-to-head struggle between an incumbent superpower and a rising challenger, fueled by a deep conviction among the White House’s economic policy team that America’s problem with China is not just the trade deficit, but China’s very economic structure itself, which disadvantages foreigners not only in trade, but also in investing and operating in China, and distorting business competition in favor of Chinese companies.

In Trump’s crosshairs is the Made in China 2025 initiative, announced in 2015 aiming to upgrade comprehensively within a decade China’s industrial production, especially in manufacturing, to be among the best in the world. It is therefore being seen increasingly in the U.S. as a direct challenge to its global economic dominance. In fact, the Council on Foreign Relations, a U.S. policy think tank, stated in 2018 that “[Made in China 2025] is a real existential threat to U.S. technological leadership.”

China is indeed snapping at the heels of the U.S. in closing the technology gap. According to the UNIDO Competitive Industrial Performance Database, the share of exports that can be considered medium/high tech in 2016 is 63% for the U.S. and 58% for China. This is getting uncomfortably close for the U.S. China clearly has come a long way from the days of exporting low-tech, labor-intensive exports like garments and shoes.

Consequently, Trump’s trade war with China is really about blocking, or at least slowing down, China’s technology upgrade and its expanding global economic influence. Chinese investment in the tech sector in the U.S. has come under tougher scrutiny, and American government agencies are put on high alert against Chinese efforts in industrial espionage. The clause of protecting national security in the U.S. Trade Act of 1974 is increasingly invoked to impose new tariffs on Chinese imports and to curtail China’s business mergers and acquisitions in the U.S.

However, the tactics with which the Trump trade war is being fought to block China’s technological advances will fail. Trump and his economic advisers are stuck in the old paradigm of industrial production where trade and industry secrets are recorded in design blue prints, instructions and protocols that are locked up in a safe. In today’s modern economic production, the more complicated and high value-added the task, the more important is tacit knowledge, or knowhow, which resides only in people’s brains, especially in knowledge and capital intensive industries like banking and finance, biotechnology, aerospace, nanotechnology and artificial intelligence.

Knowhow is everything that we need to know but find hard to explain. Skiing is a knowhow. We learn how to ski by skiing with good skiers, not by studying the physics of skiing. The only way to acquire knowhow is to have the opportunity of working alongside people who already have such knowhow. In this connection, as Trump’s trade war makes it increasingly difficult for American businesses to export to China, they will need to move more of their operations to China to produce locally in order to sell their goods and services in one of the fastest growing consumer markets in the world. And that means more American brains with high grade technical and management knowhow will be spending more time in China, offering more opportunities for their Chinese colleagues and employees to work alongside them to acquire their knowhow.

In 2017, the value of products that American companies made and sold in China was estimated at $250 billion, about double that of U.S. exports to China, according to the IMF Direction of Trade Statistics  This is a consumer market that is growing at 14% a year, about four times faster than the U.S. In the next few years, it is set to bypass the U.S. to become the world’s largest consumer market. This is not a market that global companies can ignore. If the only way to sell more in this market is to move more production there because of Trump’s trade war, that’s what global companies will do. And that in turn means creating a great deal more opportunities for China to acquire valuable American knowhow that is critical to upgrading China’s technology, helping Made in China 2025 to succeed.

The only way for President Trump to stop China from acquiring American technological knowhow is to bar all Americans traveling to and working in China. This is not going to happen. His trade war is making it more necessary for more American brains with the knowhow that China needs to spend time in China. We are conditioned to think only that leadership is critical for countries to rise and succeed. The fact of the matter is that leadership is equally important for countries to fail and decline. President Trump will be seen in history as a pivotal leader that seriously undermined America in its struggle against China for global economic dominance.

Hi. I am Muhammad Mubeen Hassan. I am SEO Expat and Wordpress Websites Developer &  Blogger. 30 years old. I help entrepreneurs become go-to in their industry. And, I like helping the next one in line. You can follow my journey on my blog, for list Click Here If you need any post so you can email me on my this Email: mubeenh782@gmail.com  

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Entrepreneurship

Insurance For Classes In Fitness Clubs: Why Is It Useful?

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Fitness is a popular area of ​​physical activity, which is most often complemented by compliance with the regime of the day and proper nutrition. Objectives for all who are engaged in fitness are usually different: someone wants to grow muscle mass, strengthen health, someone wants to lose weight, and someone just wants to feel better and have more energy. Fitness classes also have a social aspect, as they often undergo groups in fitness rooms and clubs, where individual classes with a trainer are also possible. However, it does not prevent a number of exercises and himself being at home.

There are many companies that offer fitness insurance for classes in group sections and on one-time training, which is suitable for both beginners and professional athletes.

What to do to avoid injury in the gym?

First of all, any classes must begin with a warm-up. A small stretching and muscle heating is critical for subsequent main approaches. Without this, the muscles will not be dispersed enough dispersion, will not have sufficient elasticity. The absence of proper heating is one of the most frequent reasons for stretching.

Speaking of equipment – the most important thing is that it is comfortable and fit for the type of activity that the athlete chose. Raising weight in sneakers for running – that is still a bear service for your own knees.

Here are some simple rules that athletes are often ignored, but they are useful and prevent injuries during class. Should:

  • Increase the intensity of training gradually, it is better to limit the 5-10% per week to definitely not harm the muscles and the body;
  • Carefully study and improve the technique of exercising, which is aimed not only for efficiency, but also on the security of an athlete;
  • Hold muscles in tone: long lack of workouts requires a period of recovery with gentle loads, otherwise excessive stress will lead to adverse consequences;
  • Understand the principles of operation of the simulators and not neglect the safety technique. For example, you should attach the clips to clothes on the treadmill so that the simulator itself turns off when falling;
  • Select enough time to rest between training and approaches.

Together with personal trainer insurance, people often choose yoga or stretching practices to improve their flexibility.

Insurance for classes in fitness clubs: Why is it useful?

During training fitness gym insurance will allow you to pay the payment of cash and without any problems to pass the recovery stage in case of an accident. Fitness insurance from disability will protect professional athletes and trainers from losing earnings, and for beginners and children – will allow newcomers not to worry about the cost of the rehabilitation course in case of injury.

The easiest way to make the design of fitness insurance for fitness right online, just a couple of minutes. The service agreement will come by mail. It is better to make a policy right at the same time as the subscription to fitness, so as not to forget about the extension of insurance when the time is suitable. Often, our customers are fitting in addition to extreme sports, such as snowboarding, and someone – Taekwondo. In the event of insurance for more risky sports, coating training in fitness rooms is free.

What Covers in Fitness Insurance?

When buying sports insurance for fitness classes, you can be sure that it will cover the following insured events:

  • Constant full loss of professional working capacity;
  • Hospitalization;
  • Injuries;
  • Disability;

Fatal outcome. It is very easy to arrange a policy online and save yourself from unnecessary troubles and expenses in search and movement, and most importantly – save time.

Buy Online Policy – Fitness Insurance

Electronic fitness insurance is an insurance policy that designates all the rules and costs of insurance against accidents. Online fitness insurance has full legal force and is suitable for both training and competitions, including international.

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