0 sats \ 1 reply \ @BlokchainB 8 Oct \ parent \ on: China's Economic Tightrope: Balancing Growth and Stability econ
No I offered counter points to your thoughts on China. I often like to remind people China has blunders as well.
From economics to culture they are massively flawed just like the west. The fact they rely on foreign oil and the western market to sell their goods puts them in a bind.
True they are still dependent upon importing fuel but they are developing their own energy production and efficiency at a rate not matched by any other nation.
And yes they supply western markets with manufactured goods- they actually supply global markets with manufactured goods...because everyone wants the best value for money and China produces it.
Now with Iran and Russia fully reliant upon China for sales of their oil and gas China is in a solid position and it is expected China will be less and less reliant upon imported fuel as its vehicle fleet is increasingly electrified.
The truth is commodities producers and all nations are reliant upon Chinas economy to buy their exports and provide them with the best value manufactured goods.
China has won the trade war and continues to improve its position of ever growing trade surpluses and global trade dominance while the west led by USA declines into greater and greater decadence, debt and dependency, upon China..
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