Jul 30, 2022
In General Discussions
Saudi Arabia, urging one of the world's worst human rights abusers to produce more oil to lower prices. Russia, which should also be isolated, is making money from a shortage of crude oil on the world market, and exports to countries such as phone database India are booming. China would certainly benefit if tensions with the United States eased. The country is severely plagued by a housing crisis and a financial crisis, as well as downgraded economic growth forecasts and youth unemployment at its highest level in years. In Henan province, hundreds of customers who had been deceived by banks staged a demonstration that their "safety savings" had been diverted to high-risk investment projects, with $6 billion worth of deposits lost. Real estate developers are also insolvent, resulting in a large number of "unfinished buildings". Thousands of people have no hope of living in their dream apartment, refusing to continue paying instalments . On multiple fronts at the same time The government in Beijing, which has weakly oversighted both sectors, has only one option: full compensation to all victims in case a street revolution breaks out. Allegedly, each Henan victim or will receive compensation worth about 7,400 US dollars. Less and less. In this situation, getting extra income and being able to claim to have won the US by one point would be a huge benefit to Xi Jinping. Given this complication, Biden appears to be considering doing just that: imposing higher tariffs on high-end electronics, while lowering the import tax on cheap consumer goods. By then, will prices really drop and benefit Democrats in the November election? There may be room to do so: Before Trump's crazy tariffs, the customs tariff on Chinese imports was 3%, and now it is 20%. Deutsche Welle is committed to providing you with objective and neutral news reports, as well as commentary and analysis showing a variety of perspectives.