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Re #19

We are talking about the numerical proportion and its impact. Yes, China is a large economy. I am just saying that 20% of Chinese economy, the export sector, is more crucial than the number 20% suggests. It is where most of net hard currecy comes out. The domestic sector may be big in numbers but they may not have robust foundations. As you may know, the pace of development in economy is not uniform along all sectors. Export sector is usually most competitive, and other sectors are slowly catching up, such as finance. It is natural in an economy like Chinese. You cannot change everything overnight at the same speed across the board. Especially, if Chinese financial sector is weak, external financial shock can inflict serious damage in Chinese economy, or any other economy in East Asia.

I do not doubt what you say, but so what? Exports are a proven strategy to develop one's economy. Look at Japan, Korea, TAiwan, etc. All export-based economies for the most part. But China's got a large domestic economy too which is growing so that's an additonal attraction about China that other E. Asian countries don't have as much.

I am sure someone has pointed this out already, but just in case. If that 20% is right, then I bet the other 80% comes from countries that depend on the US economy in order to do as much business in China as they do.
So if US falters china falters much worse then 20%