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Hardly. The US is still a large trade partner for China, and an immediate stop will certainly trigger a domestic crisis, but they aren't really that dependent o
by bildung 7y ago
Hardly. The US is still a large trade partner for China, and an immediate stop will certainly trigger a domestic crisis, but they aren't really that dependent on the US. I'm not aware of a single item that only the US exclusively produces.
OTH China invests 95% of GDP on infrastructure (compared to 1.5% in the US), creating a huge domestic market. And a a stop of trade with the US will also mean a stop of China keeping the dollar strong - which they do because their currency is pegged to the dollar. They won't have a reason to continue this practice without trade with the US.
- bildung 7y ago*9% of GDP for China of course, not 95%!