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The last time China had a huge trade imbalance with a country resulted in the Opium Wars. I can see why China is so keen on improving their military now.
by terasoans 10y ago
The last time China had a huge trade imbalance with a country resulted in the Opium Wars.
I can see why China is so keen on improving their military now.
- seanmcdirmid 10y agoBut back then China wanted nothing from the rest of the world EXCEPT its silver. So in comes Opium, and then the Opium wars. These days, I think it is a bit better. At least China wants our airplanes/jet engines. And the ruling class is totally vested in overseas real estate. Military wars are just going to be bad for business at that point.