ABC global analyst Professor Stan Grant's economic analysis of the cost to the US economy caused by Trump's China tariffs vs Analysis by real economists

 by Ganesh Sahathevan 

As reported by CNBC at the beginning of this year: 

The U.S. has lost 3.7 million jobs since 2001 due to its trade imbalance with China, with most of the damage done to manufacturing, according to a report released Thursday.

As the deficit has continued to swell, American workers have suffered, according to the Economic Policy Institute, a nonpartisan think tank in Washington, D.C., generally considered to be left leaning.

EPI officials said the Trump administration is right to go after China but hasn’t been tough enough.

Moody's Analytics' chief economist Mark Zandi said in the report:
.....on Moody's Analytics estimates that the Trump administration's trade war with China has resulted in 300,000 fewer jobs being created in the U.S. That figure could rise to 450,000 by year-end if the dispute continues, according to the economic research firm.

Professor Stan Grant, of the ABC: 


China is a great power: an indispensable nation. It is the biggest engine of global economic growth and in this decade it will surpass the United States as the biggest economy in the world.

Donald Trump brought on a trade war with China and suffered: 200,000 Americans lost their jobs.

Australia is not going to win a diplomatic or trade spat with its biggest trading partner, a massive nation that can now project its power from Asia to the Pacific to Europe and Africa.

TO BE READ WITH 

hursday, December 3, 2020

Professor Stan Grant of the ABC quotes history but ignores Malaysia's Operation Judas which successfully countered the Communist Party China's infiltration of business, media, the professions

 by Ganesh Sahathevan 

Professor Stan Grant has been awarded three Walkley awards, and an Association of International Sports Journalists award, among many others

The ABC's International Affairs Analyst Professor Stan Grant quotes history, in particular Nixon going to China in 1972,  to make his argument that PM Scott Morrison must learn to be " pragmatic" when dealing with China. 

Professor Grant has had extensive experience studying China and this region, he was after all a CNBC reporter in Hong Kong, China and Qatar. In light of that experience one would have expected him to have referred in his analysis to the experience Malaysia, Singapore and other countries in this region have had in dealing with the Communist Party of China, but he has not. He has even ignored Operation Judas, which successfully countered the Communist  Party China's attempts to infiltrate business, media and the professions.