“China’s rapid growth isn’t hugely dependent on exports”
Propaganda alert!
China is the second largest exporter in the world having just surpassed the US (Germany is number 1)
ZERO Exports in 2003???
So, they import a kilogram of iron, and make it into a box of nails that weighs about as much, considering the value addition on the part of the Chinese as comparatively low (i.e., slave labour), the box of nails would sell for slightly above the price of the raw materials themselves.
They use the "net exports" tag to hide the real value of exports. Make no mistake, China is very dependent on exports.
I need to read this when I have more time
A decade before they brought over their first American company to manufacture there, they planned on eventually taking away our entire mfg base and eventually, once we were dependent, shutting us off cold.
They’ve been planning to destroy us for over fifty years.
“America doesn’t really count for much in the world anymore - heres why”
I know they have a chip on their collective shoulders what with their once hegemony of the world being reduced by America to a mere shadow of it’s former status, but you would think they could be honest about SOME things. I guess Ideology and desire are too powerful a combination for their wee economist brains.
“America doesn’t really count for much in the world anymore - heres why”
I know they have a chip on their collective shoulders what with their once hegemony of the world being reduced by America to a mere shadow of it’s former status, but you would think they could be honest about SOME things. I guess Ideology and desire are too powerful a combination for their wee economist brains.
An old rule of economics-when things start going south, all you hear is good news. Thanks for posting, this may be a landmark piece in a couple of years. After whatever is brewing in the East breaks.
China’s economic growth is due to oil, mostly imported. When the oil dries up, so will China.
I need to read this when I have more time