The United States decided to deprive China of the status of a developing country

According to the American newspaper The Hill, the lower house of the US Congress approved a bill according to which the State Department needs to work to deprive China of the status of a developing country in the field of international organizations.

The bill was supported by 415 members of the House of Representatives.

The publication notes that the Secretary of State is instructed to work on changing the status of China.

It has long been clear to everyone that the PRC has gone very far in its development and has long ceased to be a developing country. Thus, in Washington, unwillingly, they recognized the achievements of China, since the bill provides that the level of the PRC in international organizations is increasing - instead of a developing country, the PRC wants to give one of three statuses: with an upper-middle income level, a high income level, or a developed country.

However, it is obvious that this bill was developed not to please Beijing, but, on the contrary, to do another political dirty trick to it by depriving it of additional preferences due to the status of a developing country. This should be monitored by the US Secretary of State.

It is unlikely that the powerful Chinese economy will suffer much from the fact that it received less Western handouts. Ultimately, such work can boomerang on the United States itself, when the world really evaluates the American economy, taking into account its 31,5 trillion in debt and the real attitude of the United States towards international organizations.

Comments

[Nexcom]

That's what kind of nation this is - pen to sy. All the time they want to deprive someone and something ........ )))

[Aerodrome]

The United States decided to deprive China of the status of a developing country

I laughed so hard with the Chinese...

[Tatyana]

The United States decided to deprive China of the status of a developing country

I can imagine how people in China laughed at this with sarcasm!
No need for Washington, who has lost his mind, to tease the descendants of the Chinese Dragon!
This will not end well for the Americans themselves.

[solar]

Why would the Chinese laugh? The status of a developing state gave them preferences in the American market, and not only, but now they will lose them.

[Tatyana]

Quote from solar

Why would the Chinese laugh? The status of a developing state gave them preferences in the American market, and not only, but now they will lose them.

And from the fact that the US economy itself is immersed (now dependent) in the Chinese economy both in the AMERICAN DOMESTIC market of capital, goods and labor in the US itself and in other countries.
It's like Washington shooting itself in the foot!

[abrakadabre]

That's what kind of nation this is - pen to sy. All the time they want to deprive someone and something ........ )))

So because they themselves are the descendants of dispossessed and robbers. An apple from an apple tree...

[novel66]

It's not even that Protestantism is in their blood, but this is really the religion of thieves

[Tatyana]

Quote: novel xnumx

It's not even that Protestantism is in their blood, but this is really the religion of thieves

But All of them - these thieves - are in the service of usurers! At the bankers of the US Federal Reserve.

In fact, the Federal Reserve System (US Fed) is not a government agency, but is owned by private owners - a group of predominantly foreign bankers. In 1913, Congress gave America into perpetual debt slavery to the private Federal Reserve System, giving it the power to print money and control the American economic system.
Although under the Federal Reserve Act of 1913 names of bank owners are kept secret, R.E. McMaster, publisher of "The Reaper", through confidential contacts with Swiss banks, found out that The following banks own a controlling stake in the Federal Reserve:
1. London and Berlin Rothschild Banks
2. Paris Bank Lazard Brothers
3. Italian banks Israel Moses Sieff
4. Hamburg Bank Warburg, Germany and Amsterdam
5. New York Bank Kuhn Loeb (personally financed Trotsky and the coup in the Republic of Ingushetia)
6. New York Bank Lehman Brothers
7. New York Bank Goldman Sachs
8. New York Bank Chase Manhattan (Rockefeller-controlled)

А list of US Federal Reserve shareholders, compiled according to Swiss banking sources, is as follows:
1. Rothschilds
2. Lazard Frerez (Eugene Mayer)
3. Israel siff
4. Kun Loeb Company
5. Warburg Company
6. Lehman Brothers
7. Goldman Sachs
8. Rockefeller and Morgan Families

[Petr_Koldunov]

Quote from Egeni

and we, with our Gorbachev "perestroika", found ourselves in a deep ass, somewhere in the 40th - 42nd, I'm sorry

So when was that? This was even "before the era of historical materialism". They sat in the ass for a dozen years - and began to develop.
But we don’t care to count chickens according to Old Testament data thirty years ago. And in the 21st century, Russia was the 5th largest economy in the world according to the IMF and the 6th according to the World Bank.
General sanctions for several years lowered its position in the ranking - but in 2020, the Russian economy again became the 5th, ahead of Germany (and this is with such prohibitive sanctions!).
Even now, after a year of war, with such powerful losses and the departure of a huge sector of foreign business, Russia has sunk to the maximum - this is the 12th economy (IMF Table of World Economies 2022). And, I believe, it will still get into the top ten soon, even under the current situation.

(By the way, as a result of the Cultural Revolution - Chinaesa did not rise anywhere, however ... the blood of the river was shed - but development never came. On the contrary, the country was thrown back almost into the Middle Ages.
You apparently confused China with the economic breakthrough already in the 21st century - when it really took off for about a year that way since 2005. But the cultural revolution was in the 70s, and it didn’t really bring anything to China)

[estate]

All the time they want to deprive someone and something

and if they give something, then with a return in triple size ..

[carpenter]

Quote: Nexcom

What kind of a nation is this -

World by person, America is a nation.

[tralflot1832]

As long as such idiots are in power in the US, we must use it.

[your1970]

Quote: tralflot1832

As long as such idiots are in power in the US, we must use it.

They are not idiots - customs duty rates for "developing countries" are from 0.25 to 0.75 of the base rate for different groups of goods.
That is, now the Congress will enter the WTO with a proposal to withdraw China from low export-import duties. And everyone will support them - extra money in their budget.
China will lose part of the real preferences + reduction in the volume of foreign trade. This is money and sickly - the United States will strike China's breath.

Z.s. we have been applying base rates to China since 1998 - it has not been "developing" for a long time

[Kurganets-45]

When I saw the article, I immediately thought that this was not just a political act, in the world of money everything is measured by money and drives money.
By the way, when analyzing the number of troops participating in battles, historians, among other things, always rely on found monetary documents (salaries, etc.).

[Sanichsan]

Quote: your1970

This is money and sickly - the United States will strike China's breath.

And what is the trade turnover between China and the USA and what is the structure of this trade turnover? what does China buy from the USA and what does the USA buy from China?
suddenly, the US is now the country with the highest trade deficit. with an increase in duties, consumers will pay for all this. with rising inflation, an excellent solution

Quote: your1970

This is money and sickly - the United States will strike China's breath.

it seems that the United States did not strike China, but its consumers, and not only breathed out, but from the foot in the face. this is the same creative idea as sinking the Chinese merchant fleet, which is actually American and carries US-bought goods.

[your1970]

Quote: SanichSan

with an increase in duties, consumers will pay for all this.

The United States also wants to "import substitute" - they also perfectly understand the level of dependence on China. And they want to support the "domestic producer" - so that there is someone to milk with taxes and work for citizens
Raising duties is the first step towards this...

[pharmacist]

It is necessary to move the "powerful old man" Biden for a second term!

[aars]

This is already ridiculous - the workshop of the world and supposedly the so-called. "developing country"

[estate]

workshop of the world and allegedly the so-called. "developing country"

if you think about the meaning of the words, then it is developing country, not stagnant like Western countries

[Uprun]

They deprived their status and increased their rating, putting their economy on a par with theirs ..... They are lying, as always, they overtook them in the race for a couple of corps .... so they underestimate ....

[estate]

upgraded their rankings by putting their economy on par with theirs

having put the Chinese economy on the same level as their own, they did not increase the rating, but lowered it ..

[carpenter]

Quote from uprun

They lie as always, they overtook them in the race for a couple of hulls .... so they underestimate ...

The Yankees realized that China began to overtake them, so that the muzzle of the face looked decent, they decided to raise the status of China.

[rocket757]

It is unlikely that the powerful Chinese economy will suffer much from the fact that it received less Western handouts. Ultimately, such work can boomerang on the United States itself, when the world really evaluates the American economy, taking into account its 31,5 trillion in debt and the real attitude of the United States towards international organizations.

. Question... who did you want to hurt??? Is it worth it, can you?

[Sith]

Quote: tralflot1832

As long as such idiots are in power in the US, we must use it.

The USA will destroy everything itself ... the main thing is not to interfere and play along a little)

[tralflot1832]

I completely agree, they are exceptional as Canadian professionals in 1972.

[estate]

in the USA such idiots are in power

in the USA, not idiots are in power, it’s just that the capitalist paradigm is losing to the socialist Chinese model, and even Trump’s MAGA will not help ...

[Filibuster]

It has long been clear to everyone that the PRC has gone very far in its development and has long ceased to be a developing country.

The PRC is a superpower because, unlike Russia, it has never renounced the ideology and policies of V. I. Lenin and I. V. Stalin - in China, portraits of Lenin and Stalin are not covered with plywood shields during PLA parades, public holidays, in China in unlike the Russian Federation, they are not ashamed of their history and the USSR.

[TipaVoffka]

I'm off topic. And what kind of parades are held in China and why are there no photographs of Soviet leaders - Stalin and Lenin?

[carpenter]

Quote: Flibuster

China does not cover portraits of Lenin and Stalin with plywood shields during PLA parades, public holidays

Interestingly, and now on May 9, the Mausoleum will also be draped to please the West, or they will still be left open.

[tralflot1832]

A referendum on the name of the city will be held in Volgograd. 3 options. Tsaritsyn. Volgograd and Stalingrad. I am for Stalingrad. My parents just mentioned it in conversations. a new enemy. And it’s good that the people won, not the CPSU, but the people. There is such a feature of the people of Russia that they will unite in difficult times, no matter what. And how much does the budget spend on maintaining Lenin’s body? We are not Khrushchev, who simply threw Stalin out of Mozolei, but we could have. But reason prevailed. By this action, we would disown our history, sometimes tragic and triumphant victories. And this was done by the people who discussed the CPSU in the kitchens.

[Mascot]

"Reshals"))) There are no words already, only drooling remained and they dried up)

[estate]

"Decisions")))

it remains to puff out your cheeks, like Kise Vorobyaninov ...

[sdivt]

Dialogue turns into direct confrontation
How will China respond?
And in general, will he answer?
And even more interested: will such steps from the States bring us even closer to China, or will China continue to be cautious and show friendship mainly in the trade plane?

[blackcat]

It is necessary to deprive the United States of the status of a world power, in favor of the wording rotting default ungodly country

[estate]

We need to deprive the United States of the status of a world power

downgrade them...

[abrakadabre]

It has long been clear to everyone that the PRC has gone very far in its development and has long ceased to be a developing country.

And what is it, China? Doesn't it develop? It is clearly not stagnant, like Europe and the United States.
In general, they need to be assigned an exclusive status - "rapidly developing." What a dozen years in a row.

[75 Sergey]

They want to show that they are still in control of something ...
Well, let them show their places of influence so that countermeasures can be taken.
In general, for some reason we are playing a game invented by the United States and according to their rules, maybe it makes sense to score on them and come up with a new game - world order, and if they don’t want to play it with us, then let them sit in their sandbox?

[carpenter]

according to which the State Department needs to work to deprive China of the status of a developing country in the field of activities of international organizations.

Well then, in defiance of the United States, China may introduce a bill "to change the status of the United States as a developing country."

[your1970]

Quote: carpenter

according to which the State Department needs to work to deprive China of the status of a developing country in the field of activities of international organizations.

Well then, in defiance of the United States, China may introduce a bill "to change the status of the United States as a developing country."

This will be a very big financial gift to the USA. Money from the sky, from nothing..
Being a "developing country" is very financially beneficial - goods from such countries are subject to low customs duties

[Prisoner]

For "outstanding" merits, arrogance, meanness, bloodthirstiness, deceit and thieving, give the United States the status of a decaying country! Amen.

[rotmistr60]

In Washington, in this way, unwillingly, they recognized the achievements of China

Where do you go when reality knocks on the door.

not to please Beijing, but on the contrary - to do another political dirty trick to it, depriving it of additional preferences due to the status of a developing country.

And without this, no way, for that the Americans appointed themselves "watching" the world, in order to tighten the screws, if necessary, and sometimes let them go a little.

[George Miloslavsky]

And let's all together recognize it as a third world country)))

[your1970]

Quote: George Miloslavsky

And let's all together recognize it as a third world country)))

Goods from the USA will become cheaper for us due to the application of low rates of customs duties. This is a financial gift for the USA - and not sickly.

[Scott Liang]

 China will always be a developing country. 

[PavelT]

Those are stupid people! This should have been done 20 years ago...

But apparently their American arrogance did not allow them to do so.