“Actually the Chinese smart phone market is BY FAR the biggest in the world.”
Which is mostly irrelevant. A domestic industry selling to a domestic market does not make a country a world economic power. Exporting does.
You’ve also missed the fact that without the trade relationships that China has with the West, that domestic industry will dry up, since they cannot produce all those smart phones without raw materials, that they primarily purchase from the West. I know it’s not widely talked about, but China is not only the world’s largest exporter, they are also the world’s second largest IMPORTER, and almost all of her primary trade partners are Western countries. If she cuts off those relationships, it’s back to the plow for China.
Of course it us, when some 330 million smartphones are sold in Chinacevr5y year, nearly dwarfing the entire US population, and only a fraction of that is sold in America every year.
China dominates the smartphone market both from the number of phones they make and the number of phones sold there and the infrastructure and factories and technologies needed to make them. And the fastest growing markets are in Asia and Africa.
Domestic markets can make a country an economic power when you have a population of a massive 1.4 billion and have by far the world's biggest car market, mart phones market, HDTV market, meat market and the biggest market for almost everything else. The days when the Chinese had to sell to America to survive are long gone.
Yeah?
What raw materials are those then?
You may want to look at the raw materials needed to make batteries for Electric vehicles etc and check out China's huge market share. Plus China's huge market share of EV battery manufacturing.