The relationship between the two superpowers of China and the U.S have had their ups and downs throughout history, admittedly, there have been more downs than ups and thanks to the Covid 19 outbreak, their relationship has now hit an all time low. This has highlighted the distrust, paranoia and suspicion that still exist between these nations. One has blamed the other for the CoronaVirus pandemic and accusations have been exchanged between the two nations. Donald Trump describes it as a Chinese virus and the Chinese think the America Military are behind its release. Despite all this, both countries rely on each other for the health of their economies, including online slots – check out White Wizard Slots.
A Brief Troubled History
U.S and Chinese relations have been turbulent at best ever since the Chinese Communist Party leader Mao Zedong established the People’s Republic of China on October 1st 1949. A year later saw the outbreak of the Korean War. North Korea, the Soviet Union, South Korea and the United States were all involved. The Taiwan Straits Crisis that saw America threaten China with a nuclear attack in the spring of 1955 followed this. The Tibetan Uprising added more tensions in 1959. It wasn’t until 1971 when relations between the two showed signs of improvement. By 1972 President Richard Nixon visited China and signed the Shanghai Communiqué that allowed China and the U.S to discuss difficult issues that divided them. Things continued to improve until the 1989 Tiananmen Square Massacre.
Trade Wars
To add fuel to the fire, America and China have been involved in a bitter trade war with each other. In February 2012 the U.S trade deficit with China was at an all-time high of $295.5 billion. By 2018 Donald Trump was beginning to make his mark by announcing tariffs on Chinese imports worth at least $50 billion, in direct response to alleged Chinese theft of U.S technology and intellectual property.
Gambling Superpowers
Despite their huge cultural differences, China and America are the homes of the biggest gambling resorts on the planet. In fact, Macau in China is approximately 6 times larger than Las Vegas and it generates more revenue too. Many Chinese tourists visit Las Vegas and if they no longer feel welcome in Trump’s America, then Vegas will suffer revenue loss as they will stick to Macau for their gambling fix. America will not want to pull their casino brands from Macau either, as again they will take revenue hits. Online slots are an important part of the gambling make up of Macau and Las Vegas and the Chinese gambling public is an important consumer of online slots from American providers. Online slots are very popular at present and the revenue from them is at record levels.
Final Thoughts
Can the gambling union between these two great nations survive the collapse of their political relationship? Only time will tell but America has far more to lose in the gambling stakes between these superpowers and a healthy online slots industry will depend on the two being diplomatic with each other.
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