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I assume that by saying "China still has to buy most imported commodities using dollars...like oil" you are implying that China won't have enough money to buy o
by fspeech 11y ago
I assume that by saying "China still has to buy most imported commodities using dollars...like oil" you are implying that China won't have enough money to buy oil. You do realize that is a direct contradiction to a large trade surplus, right? Or are you predicting that the trade surplus will soon turn into a deficit? If RMB goes into the so called "death spiral" which direction do you think that will push China's trade position?
- seanmcdirmid 11y agoI'm saying that China needs dollars to run its economy, not having dollars anymore can make it harder to run. > If RMB goes into the so called "death spiral" which direction do you think that will push China's trade position? China can't continue being the world's cheap factory. It is horrible for the environment, and it doesn't do as much for normal people as it used to. Say stuff from China is cheaper...so what? Americans and the west win, because China continues to subsidize their wasteful lifestyles, but what does China win? More trade isn't the answer anymore, eventually people actually want to buy things and not just sell them. And honestly, I'm not a trade position.