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Well for both countries the export to each other is only a fraction of their economy...China is not what it is used to be.
by oh-kumudo 8y ago
Well for both countries the export to each other is only a fraction of their economy...China is not what it is used to be.
- mistermann 8y agoExports / Imports, % of GDP, 2016 Source: National Accounts at a Glance https://data.oecd.org/trade/trade-in-goods-and-services.htm https://data.oecd.org/trade/trade-in-goods-and-services.htm Imports | Exports China 17% | 20% US 15% | 12% China seems to be at a fair disadvantage on exports dependence, but you're right, China is far less export dependent than one might think. The devil is in the details of course, but I'd venture a guess that US imports would tend to be more discretionary than China's, but who knows.
- throwaway2048 8y agoKeep in mind much of china's trade with other nations is based upon the presence of US corporation's manufacturing and supply chains.