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Not as reliant as you think. Chinese exports are rapidly becoming too expensive relative to their neighbors and they seem to be unable to further cheapen the p
by busterarm 5y ago
Not as reliant as you think.
Chinese exports are rapidly becoming too expensive relative to their neighbors and they seem to be unable to further cheapen the price of their labor.
Economically, China is actually in a real bind.
- sudosysgen 5y agoThe solution is pretty simple, direct low value labour to the internal economy or phase it out, and trade increasingly in difficult products (or products that difficult at scale, of which there are more than you think) as far as foreign trade. It's a fairly proven strategy, it has good odds of working with an already strong internal market.