To: TigerLikesRooster
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.
26 posted on
07/14/2002 1:34:44 AM PDT by
AIG
To: AIG
RE #26
I am not talking about Chinese economy in the future when its domestic economy is well-established. But its domestic economy now. Any serious financial crisis can damage both domestic and export sectors. With sound financial sector and no state-sector bleeding the rest of economy, China can have self-sustaining domestic economy. But I do not think China is there yet. Hence, the vulnerability.
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