Friday, January 25, 2019

China May Replace US as World Largest Retailer



China May Replace US as World Largest Retailer

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Published on Jan 23, 2019
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The White House has denied reports that it canceled talks with Chinese trade officials. China is set to surpass US as the world’s largest retail market as soon as the current year. Economist and co-founder of Democracy at Work Prof. Richard Wolff joins News.Views.Hughes to weigh in on the changing US-China trade relationship. He argues that the US-China trade war is too narrow in scope to address the extreme disparity between Chinese and US growth, and that “Chinese state socialism” has proven itself more successful than anyone anticipated. Find RT America in your area: http://rt.com/where-to-watch/ Or watch us online: http://rt.com/on-air/rt-america-air/ Like us on Facebook http://www.facebook.com/RTAmerica Follow us on Twitter http://twitter.com/RT_America
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Seventh Anubis
China is focused on a happy, peaceful consumer economy and the US is betting on a dismal, miserable, sadistic, war and security economy for the 21st century.
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Ipso Facto
May as well just say that China will replace the US as the world's only superpower. They have the money and the means of production, all the US has is debt stacked on top of more debt, stacked on top of a failed system, in a failed third world shithole, floating on a fiat bubble. The USA is soon to be a thing of the past. Good fuking riddance.
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jrfi orn
The US economy is fading, not growing. The actual growth is all asset speculation and inflation fueled by cheap money. The industrial base of the economy is going, going, nearly gone. All that's left is financial speculation and artificial property asset growth. The economy here is dead and sooner rather than later it'll pop like the blown up carcass it's been for years now...
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Juniper lane
China is busy doing actual business while US is busy sanctioning the whole planet except Israel, invading and bombing other countries for their new liberal world order.
53
Dool junior
the drak side of america looks like refugee camps lol do some research
26
urdbest
China is #1 in selling goods. USA is #1 in selling weapons. China is #1 in exporting infrastructure. USA is #1 is exporting wars.
31
maxarstockholm
Good. whish China all the best and USA to get what they deserve.
28
Sheysta Paul
China and Russia have successful economics because they were able to resist American meddling in their economy and politics, whereas India, the middle east and south America are still struggling thanks to American meddling
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Deep Thought
It's not looking good for the U.S. not good at all,down to 25 and described as a "flawed democracy"it's seems the hype has lot to live up to the reality and the American Dream is just as George Carlin described it
42
King Java
The Chinese are working very hard to run their own economy not the war fighters like American.
41
King Darius of Persia
I thought China already did? They’re doing a great job, I love their country.
15
Colin Tan
Not by exports alone which the trumpeter tries put a brake or even stop. Ordinary Chinese can now enjoy the fruits of their labor by having more money in the pocket to buy from the offline retailers.
15
A L X
Xi a man for the Age.
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Fred BluntStoned
Simply: If US wants to have any hope to compete in the future then free education at all levels and all ages is required.
23
Asma
It is not may.. China has already replaced US
12
Monero XMR
The US is broke and has crumbling infrastructure.
14
Ipso Facto
The American Freak Show let China have our future, because they bought the MSM lie that "protectionism doesn't work". A few Americans got rich on Chinese slave labor, at the expense of our country's future, and the Freak Show made it all come true, for the rich and the unconscionable few.
20
Sykes
Obviously, this is what America's controllers wanted. All of America's industries relocated to China with US government's incentives, tax breaks and full support. America's former businesses are and will be forever, Chinese. Trying to blame China is nonsense.
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PP C.
Professor Wolff understands and explain real economics to everyone...! This really put those "economic experts" in the Whitehouse to shame...!!!
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Jerry Han
The guest's logic is great. Meanwhile, it shows Americans have a mental problem that prevents them thinking properly to deal with their own mess.

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