The South China Morning Post reports that China and the United States have agreed on an arrangement for trade between the two countries to be liberalised.
US credit rating services, electronic payment services and bond underwriting business are now all allowed in Chinese market.
[...] Under this agreement, China will accept beef from the US into the Chinese market, effectively ending the 14-year ban on American beef after an outbreak of mad-cow disease in [the] US in 2003.
Reciprocally, [the] US will allow Chinese cooked chicken to [be sold] in the American market.
The deal also provides for Chinese banks to operate in the United States, and for liquefied natural gas from the United States to be sold in China.
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U.S. and China Make Trade Agreement
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(Score: 0, Redundant) by Ethanol-fueled on Saturday May 13 2017, @10:30PM (4 children)
As long as the Chicken doesn't come from China, definitely the General Tso's. But what's the status of country of origin labeling requirements in the U.S.? (In a hurry so don't have time to look).
The "chicken" in processed shit is bad enough. It's hard to imagine that it could get any worse. However, this is a victory for Big Beef and worthy of celebration because some globalists think we should all be eating bugs. Any motherfucker who thinks I should be eating bugs is gonna get a fat Rhinoceros Beetle spiced with Cayenne pepper crammed into their anus.
(Score: 4, Touché) by c0lo on Saturday May 13 2017, @10:45PM
Try spicing it up with melamine - has a great chickeny colour and non-negligible molar mass/density, more weight for your buck.
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 2) by linuxrocks123 on Sunday May 14 2017, @01:53AM (1 child)
No one thinks you should necessarily be eating bugs. However, raising meat has some negative externalities with respect to the environment, so some think it should be taxed more. If it's taxed to the point that you don't want to pay for it, well, you can also get your protein from rice and beans, and you can also eat bugs. The only point is that meat isn't a necessity, and bugs are one reason why.
(Score: 1, Funny) by Anonymous Coward on Sunday May 14 2017, @04:17AM
No one thinks you should necessarily be eating bugs.
Speak for yourself dude.
I think ethan deserves to only ever eat bugs for the rest his life. Mexican cucarachas to be precise.
(Score: 2) by kaszz on Sunday May 14 2017, @07:01AM
get a fat Rhinoceros Beetle spiced with Cayenne pepper crammed into their anus.
Nope, what's needed is untwiged spruce.
Country of origin?, well no GMO labeling so I'll guess country of origin is not a thing either. Think of it as Russian roulette. You eat and either you will live a bit longer or get cancer. For which another corporation will bleed you dry.
(Score: 2) by c0lo on Saturday May 13 2017, @10:41PM
The US will export growth hormone in China and China will export (cooked) avian flu and other additives to US.
The health of consumers on both side of the ocean is going to boom... as in "explode in small shrapnel".
The advantage stays with the Chinese though, their women will grow larger boobs; our honourable TMB will be delighted to stare at them all the time.
(grin)
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 2) by c0lo on Saturday May 13 2017, @10:58PM (5 children)
Aaahhh... yes, I see now.
Trump doesn't have a beef with currency manipulation as such, it's only unfair when he is the last one in peking order.
Give him some spicy wings and he's game.
(American jobs be damned, this chicken tastes gooood! Grin).
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 2, Funny) by Anonymous Coward on Sunday May 14 2017, @12:36AM (2 children)
There's a fatal lack of trust in the Chinese banking system at the moment. A lot of loans are made on rehypothecated collateral, and nobody's sure what's backing what. A lot of loans end up non-performing, too. The state has had to step in several times to try to impose order. It looks like the Chinese have figured out that Americans know how to privatize trust-building through credit rating agencies and would like some help getting shit under control.
(Score: 0) by Anonymous Coward on Sunday May 14 2017, @01:58AM
> the Chinese have figured out that Americans know how to privatize trust-building through credit rating agencies
Really? The US credit rating agencies were implicated in the great recession, weren't they?
{googles}
Ah yes, it's been turned into an entry, https://en.wikipedia.org/wiki/Credit_rating_agencies_and_the_subprime_crisis [wikipedia.org]
I think this is a great thing to export to China....muuhahaha!
(Score: 3, Informative) by butthurt on Sunday May 14 2017, @04:43AM
> [...] rehypothecated collateral [...]
In case anyone else is unfamiliar with the term:
Rehypothecation is the practice by banks and brokers of using, for their own purposes, assets that have been posted as collateral by their clients.
-- http://www.investopedia.com/terms/r/rehypothecation.asp [investopedia.com]
http://www.icmagroup.org/Regulatory-Policy-and-Market-Practice/repo-and-collateral-markets/frequently-asked-questions-on-repo/10-what-is-rehypothecation-of-collateral/ [icmagroup.org]
(Score: 2) by takyon on Sunday May 14 2017, @03:23AM (1 child)
Peking order, eh? (grin)
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 2) by c0lo on Sunday May 14 2017, @05:12AM
Call me old fashioned, but... of course!
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 3, Interesting) by c0lo on Saturday May 13 2017, @11:38PM
TFA quotes:
Yay, Monsanto
Faster, baby, frack me faster.
Maybe AMEX will start to mean something somewhere else than US
Last time, it didn't ended well. A word of warning, though, China is not shy to throw [dailytelegraph.com.au]company officers [wikipedia.org] in jail [google.com].
Build the American dream with Chinese loans
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 2) by its_gonna_be_yuge! on Sunday May 14 2017, @12:18AM (4 children)
So Trump negotiates a quick trade deal with China to mitigate all the other trade deals.
Since it isn't an easily-learned acronym like NAFTA or TPP, it won't catch on with Trump supporters. Especially since Trump sponsored it.
I'll laugh myself silly when some next POTUS calls Trump's trade deals "A DISASTER" ... "THE WORST EVER" the way Trump denigrates any trade deals not done by him.
(Score: 2) by Runaway1956 on Sunday May 14 2017, @12:28AM (3 children)
Every trade deal I've looked at in the past 20 years has been a disaster. Why should this one be any different? Because Trump? That would be funny, but to many people would say it like they were serious. No trade deal benefits the American working man or woman. The trade deals have one purpose, and one purpose only: to further enrich those who are already rich.
(Score: 0) by Anonymous Coward on Sunday May 14 2017, @01:03AM (2 children)
Look, Trump isn't that bright but he's not a moron. By all means dislike the guy but recognise that, as easy as it is to mock the persona, you should not underestimate the guy. Behind the buffoonery, there's an above average IQ at work. This is a partial and mutually beneficial reduction in sanctions masquerading as a trade deal. It is politically expedient and an incredibly smart move given the current geopolitical situation.
(Score: 0) by Anonymous Coward on Sunday May 14 2017, @01:48AM (1 child)
Unless you use the clinical definition for the term [wikipedia.org], I'll keep my reserves on this.
God forbid that! There's only one more dangerous than a moron in a power position, namely lots of them in power positions!!!
And he's still playing "the Apprentice" and creating new needs for nomination.
(Score: 0) by Anonymous Coward on Sunday May 14 2017, @04:23AM
Most autocrats are not very smart.
Particularly the ones who get elected and then turn their countries in dictatorships.
They don't do it on purpose, they just aren't smart enough to run a functioning open democracy. They govern stupidly and things just get progressively worse with each bad decision until one day they wake up and they are on top of a throne all alone. At which point it then becomes a desperate scramble to keep from falling off the throne (and their subsequent execution). They are willing to sacrifice anyone else in order to stay on the throne and so everything really goes to shit then.
(Score: 2) by Snotnose on Sunday May 14 2017, @12:46AM (5 children)
Some 10 years ago it was cat food that would kill your cat due to cheap filler. Various other things since. Yeah, I understand the Chinese government will shoot you in the back of the head and bill your family the $0.10 it cost for the bullet. But still. I'm not seeing me buying anything edible labeled "made in China".
When the dust settled America realized it was saved by a porn star.
(Score: 2, Insightful) by Anonymous Coward on Sunday May 14 2017, @01:19AM (3 children)
Nothing to worry about there. Once Fuckface von Clownstick gets done gutting the FDA there won't be any labels on anything anymore. You won't have any way to know where your mystery meat came from or even what exactly is in it. Chicken? Maybe. Beef? Maybe. Lead? Probably. Asbestos? Possibly. Carcinogenic chemical with 10 syllables in its name? Shut the fuck up and eat your meat. You ask too many questions.
(Score: 2) by Azuma Hazuki on Sunday May 14 2017, @03:50AM (2 children)
If there's anything that gets me to go vegetarian this may very well be it.
I am "that girl" your mother warned you about...
(Score: 2) by takyon on Sunday May 14 2017, @04:19AM (1 child)
http://theheartysoul.com/garlic-from-china/ [theheartysoul.com]
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 0) by Anonymous Coward on Sunday May 14 2017, @04:38AM
That article is one of those that throws a bazillion citations at you, but very few actually back up the article's sensationalistic claims. Some are completely irrelevant (for example, the 1989 paper about volatile compounds from crushed garlic). The cites that do say anything about chinese garlic being 'poisoned' with methyl bromide are just crunchy-granola bloggers. Googling methyl bromide myself and it seems like it has been widely used in the US and the only reason its being phased out here is because its bad for the ozone layer. Toxicity issues do not seem to be any more dangerous than any other common pesticide.
(Score: 1) by pen-helm on Sunday May 14 2017, @04:25PM
Here is a New York Times article about numerous disgusting Chinese health violations, including selling rat meat as lamb:
http://www.nytimes.com/2013/05/04/world/asia/rat-meat-sold-as-lamb-in-china-highlights-fears.html [nytimes.com]