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‘We Had A Bad Experience’: Chinese Officials Losing Sleep Over Thought Of Dealing With Second Trump Term

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From the Daily Caller News Foundation 

 

By Jake Smith

Chinese Communist Party (CCP) officials quietly believe that a second Donald Trump presidency would be more dangerous to them than a Kamala Harris administration, The Wall Street Journal reported on Tuesday.

The Biden-Harris administration’s relationship with Beijing has been marred with tensions in recent years over diplomatic, economic and national security disputes. But Chinese officials would seemingly still rather have Harris win in November over Trump because they worry that the former president will open up another trade war against China, officials told the WSJ.

“Chinese officials and scholars, in private conversations over many months, are largely exceptionally wary of a Trump victory,” Richard McGregor, China expert at the Lowy Institute in Sydney, told the WSJ.

Those worries are largely kept quiet. Publicly, Chinese officials maintain a stance of neutrality toward the U.S. elections. Chinese President Xi Jinping wrote in a letter last week that China had always handled relations with the U.S. with “mutual respect” and said that Beijing “is willing to work with the United States as partners and friends.”

“The presidential elections are the United States’ own affairs,” a spokesman from the Chinese Embassy in the U.S. told the Daily Caller News Foundation. “We hope that whoever gets elected will be committed to growing sound and stable China-U.S. ties.”

Beijing wants whoever the next president is to take a predictable stance toward relations and dial back the U.S.’ tough-on-China stance. Privately, officials felt that standard was better reflected in President Joe Biden over Trump and thought his reelection would be better for China, according to the WSJ.

After Biden dropped out of the race in July, Beijing felt the same about Harris, officials told the WSJ.

“Under Trump, we had a bad experience,” senior CCP diplomat Liu Jianchao bemoaned during a closed-door session with U.S. think tanks earlier in the year.

The concerns of a second Trump term among Chinese officials stem from fears he will launch a second trade war against China, as he did in his first term, according to the WSJ.

Trump issued a sweeping set of tariffs against China during his first term — adding a tax to imports coming in from the country — in a bid to encourage domestic U.S. investment and compel China to buy more American goods.

Xi and those and his orbit became exhausted in trying to maneuver the trade war and Trump’s demands, according to the WSJ. Trump has weighed the idea in his second term to issue a 60% tariff against incoming Chinese goods, which economists at UBS have predicted could mark a 2.5% blow to China’s GDP growth over a year-long period.

Trump has also recently weighed the idea of using the threat of tariffs to deter China from invading Taiwan, even musing that he would completely halt trade relations if the island is taken by force, which has been received extremely poorly in Beijing.

“I would say: If you go into Taiwan, I’m sorry to do this, I’m going to tax you”—meaning impose tariffs—“at 150% to 200%,” Trump told the WSJ in an interview on Thursday.

The Trump and Harris campaigns did not immediately respond to a request for comment.

Business

CBC’s business model is trapped in a very dark place

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The Audit

 

 David Clinton

I Testified Before a Senate Committee About the CBC

I recently testified before the Senate Committee for Transport and Communications. You can view that session here. Even though the official topic was CBC’s local programming in Ontario, everyone quickly shifted the discussion to CBC’s big-picture problems and how their existential struggles were urgent and immediate. The idea that deep and fundamental changes within the corporation were unavoidable seemed to enjoy complete agreement.

I’ll use this post as background to some of the points I raised during the hearing.

You might recall how my recent post on CBC funding described a corporation shedding audience share like dandruff while spending hundreds of millions of dollars producing drama and comedy programming few Canadians consume. There are so few viewers left that I suspect they’re now identified by first name rather than as a percentage of the population.

Since then I’ve learned a lot more about CBC performance and about the broadcast industry in general.

For instance, it’ll surprise exactly no one to learn that fewer Canadians get their audio from traditional radio broadcasters. But how steep is the decline? According to the CRTC’s Annual Highlights of the Broadcasting Sector 2022-2023, since 2015, “hours spent listening to traditional broadcasting has decreased at a CAGR of 4.8 percent”. CAGR, by the way, stands for compound annual growth rate.

Dropping 4.8 percent each year means audience numbers aren’t just “falling”; they’re not even “falling off the edge of a cliff”; they’re already close enough to the bottom of the cliff to smell the trees. Looking for context? Between English and French-language radio, the CBC spends around $240 million each year.

Those listeners aren’t just disappearing without a trace. the CRTC also tells us that Canadians are increasingly migrating to Digital Media Broadcasting Units (DMBUs) – with numbers growing by more than nine percent annually since 2015.

The CBC’s problem here is that they’re not a serious player in the DMBU world, so they’re simply losing digital listeners. For example, of the top 200 Spotify podcasts ranked by popularity in Canada, only four are from the CBC.

Another interesting data point I ran into related to that billion dollar plus annual parliamentary allocation CBC enjoys. It turns out that that’s not the whole story. You may recall how the government added another $42 million in their most recent budget.

But wait! That’s not all! Between CBC and SRC, the Canada Media Fund (CMF) ponied up another $97 million for fiscal 2023-2024 to cover specific programming production budgets.

Technically, Canada Media Fund grants target individual projects planned by independent production companies. But those projects are usually associated with the “envelope” of one of the big broadcasters – of which CBC is by far the largest. 2023-2024 CMF funding totaled $786 million, and CBC’s take was nearly double that of their nearest competitor (Bell).

But there’s more! Back in 2016, the federal budget included an extra $150 million each year as a “new investment in Canadian arts and culture”. It’s entirely possible that no one turned off the tap and that extra government cheque is still showing up each year in the CBC’s mailbox. There was also a $93 million item for infrastructure and technological upgrades back in the 2017-2018 fiscal year. Who knows whether that one wasn’t also carried over.

So CBC’s share of government funding keeps growing while its share of Canadian media consumers shrinks. How do you suppose that’ll end?

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Can’t afford Rent? Groceries for your kids? Trudeau says suck it up and pay the tax!

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Watch Canada’s Prime Minister tell an anti-poverty group, your ability to buy “groceries for my kids” is less important than sacrificing to pay his carbon tax.

In case you still thought there might be even the tiniest chance Justin Trudeau might come around.. well this settles it. He is as they say, ‘beyond the pale’.

Sure we’ve pieced this together over the last number of years, but it’s still SHOCKING to see him say it directly, proclaim it proudly. This week Trudeau received applause from an audience of the intellectually suffering at something called the “Global Citizen Now” panel discussion on the sidelines of the G20 Leaders’ Summit in Rio.

Much appreciation for the first short video below to Opposition Leader Pierre Poilievre who shared his ferocious reaction to Trudeau’s anti-human comments, challenging the current PM to call an immediate election.

Or course there will be no quick election call. To Justin, it’s more important to cling to the undercarriage of a taxpayer funded jet so he can fly the globe stunning audiences unfortunately already stunned by their utter terror of losing the planet.

In their horror at their inability to turn the switch off and let us all freeze/starve to death this winter, they applaud lovingly for their intellectual leader/sock model as he describes how hard it is to convince angry, hungry people they really need to suck it up.

If only he read a history book.. any history book.. apologies, any book at all. Truly even spending some time with the literary version of an Al Gore video rant would at lest keep JT occupied so he couldn’t speak for a few moments. I’m pretty sure every time he opens his mouth, the temperature in Canada rises as millions of frustrated hotheads (hello there) explode, spewing steam high up into the upper atmosphere where water particles do much more damage to our planet than the final exhaling of a non grocery-eating-planet-loving-Canadian.

Watch Pierre Poilievre’s video and assuage the ensuing headache by mapping out your route to a polling booth. If this doesn’t sell a couple of those ‘Axe the Tax’ shirts for the Poilievre team, well.. enjoy your stroll to the foodbank.

Here’s a link to his entire discussion. If you have a strong stomach and 20 minutes of your life to donate to a higher cause… No silly, not the intended cause of the anti-poverty group… But to the intellectual cause of understanding just how twisted the logic has become for those who fly around the world to wine and dine, only to break long enough to tell us they think it’s perfectly fine if we can’t buy groceries for our kids.

By the way, please save a bit of your shock and disappointment for the hapless host of the ‘anti-poverty’ Global Citizen. This was apparently on the sidelines of a G20 Summit.  I would expect this drivel to be called out at a respectable middle school debate. Apparently the ‘anti-poverty’ Global Citizen people aren’t overly concerned with poverty. Do we need to say that not being able to afford groceries is in fact THE definition of poverty?  Or course not. It would be much easier for them to change their name to Former Global Citizens.

You were warned.

Prime Minister Justin Trudeau sits down for a conversation with Michael Scheldrick, co-founder of the anti-poverty group Global Citizen, on the sidelines of the G20 Leaders’ Summit Rio de Janeiro, Brazil.

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