A Quote by Christine Lagarde
It so happens that because all the economies are strongly inter-connected and aggregated, there is trade that is happening not just from China to the rest of the world, but from the rest of the world to China as well, and that is going to continue.
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China are running trade deficits with the rest of the world. If you look at the U.S. trade deficit, it's close to $800 billion trade in goods. Half of that is with China, so it's a big part of the problem. And the problem with China, as opposed to, say, Canada, is that China cheats.
Being in love was like China: you knew it was there, and no doubt it was very interesting, and some people went there, but I never would. I'd spend all my life without ever going to China, but it wouldn't matter, because there was all the rest of the world to visit.
As commerce secretary, I led the Clinton administration's effort to ensure China's entry into the World Trade Organization and the permanent normalization of trade between the U.S. and China - steps that produced a 76 percent increase in U.S. exports to China in just three years.
Today's China is not in the least shut out from the rest of the world. Trends come to us from all over the world. And the Internet is really developed in China. We get news from all over the world.
We have trade with China. We lose hundreds of billions of dollars a year on trade with China. They know how I feel. It's not going to continue like that. But if China helps us, I feel a lot differently toward trade. A lot differently toward trade.
The importance of elections, transparency, legal procedures, an independent army, and the judicial system is not regarded as highly in China. These core values are the most important evidence of the health of a society, quality of life, and security. A clear understanding of such differences will help the rest of the world understand China and all that is happening to the nation.
We're going to push hard against China because 90 percent of the trade that happens with North Korea is from China, and so, while they have been helpful, they need to do more.
I had the trade minister in China sit down as we were preparing for trade negotiations. He said, 'Please don't let people in the United States lose their confidence because when you lose your confidence, the rest of the world suffers'.
In my movie, "Death By China," it shows Bill Clinton in 2000 promising that when China got into the World Trade Organization we would be making products here and selling them there, and life would be great. Just the opposite has happened. And here's why this has been so devastating - China went into the World Trade Organization and agreed to play by certain rules. Instead, it's violated these rules. For 15 years, it continues to illegally subsidize its exports.
As much as one would like to think that what China does doesn't matter, the reality is that when China sneezes at crypto, the rest of the world catches the cold.
When America stopped importing from China, China stopped importing from the rest of the world. This affects Asian countries as well as Australia, Brazil, and other suppliers of raw materials.
China is absolutely one of the biggest players in the world and if Britain wants to be connected to the world it has to be connected to China.
The world should have stopped, but it didn't. The world kept on going. How can the world just keep on going? An earthquake in India kills a thousand people, and the world keeps on going. A famine in China kills a million people, and the world keeps on going. The twin towers of the World Trade Center buckle and fall, and the world, the world keeps on going.
The far more likely Trump scenario is this: Chinese leaders realize they no longer have a weak leader in the White House; China ceases its unfair trade practices. America's massive trade deficit with China comes peacefully and prosperously back into balance, and both the U.S. and Chinese economies benefit from trade.
China is just so different from the rest of the world.
My whole life I grew up thinking there is one Internet, but there are actually two, one in the rest of the world and one in China. The one in China is advanced and hi-tech, but it's a scary Internet.
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