[Will88]

Sectors with a large, direct exposure to the U.S. market, Moody’s said, included cork and wood products, furniture, office machines, household appliances, electrical equipment, road vehicles, telecommunications equipment, electrical machinery, apparel and footwear, animal oils and fats.

And what percentage of those "Chinese" exports are actual Chinese products, and what percentage are American products produced in US plants moved to China, or US brands being produced by Chinese subcontractors? And brands of other nations who've moved production to China?

Of course, Chinese companies will eventually copy all the products produced in China by whatever transnational and begin producing competing products.

[cba123]

Good post.

You get it.

[AndyJackson]

eventually

That was the operative adverb 20 years ago. Eventually has eventuated and is well past it's sell-by date.

[kaktuskid]

No US company can 100% own a factory in China, you must have either a Chinese business partner or more commonly a government controlled company