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I think it's more like 4.5%, something like 530 billion on the GDP of 12 trillion. And no, they can't stop exporting to the US. The entirety of their economy de
by m0zg 7y ago
I think it's more like 4.5%, something like 530 billion on the GDP of 12 trillion. And no, they can't stop exporting to the US. The entirety of their economy depends on continued growth, and if, unwisely, they chose to stop exports to the US, China would be deeply fucked for the next decade or more.
>> Few years ago, the biggest US export to China was plastic and paper (garbage)
From https://ustr.gov/countries-regions/china-mongolia-taiwan/peoples-republic-china https://ustr.gov/countries-regions/china-mongolia-taiwan/peo...:
"The top import categories (2-digit HS) in 2018 were: electrical machinery ($152 billion), machinery ($117 billion), furniture and bedding ($35 billion), toys and sports equipment ($27 billion), and plastics ($19 billion)"